MANAMA, BAHRAIN: Al Salam Bank was recently awarded as the ‘Best Domestic Bank in Bahrain – 2021’ as part of Asiamoney Middle East’s line up of awards for Best Bank. Bank has depicted solid financial performance and unwavering initiative in providing a diversified portfolio of banking products and services. The Asiamoney Awards, which fall under…
Emaar achieves highest ever property sales of $7.12bn
DUBAI, UNITED ARAB EMIRATES: Emaar Properties (DFM: EMAAR) has achieved an impressive growth in property sales in nine months ended September 30, 2021 which increased by over 236 per cent to AED 26.146 billion (US$ 7.118 billion) compared to the same period in 2020. Led by its UAE development business and complemented by its international…
5 Career Benefits Of An Information Technology Degree
Let’s talk first about what information technology is IT technologies or information and communication technologies are technologies that collect information and technologies for sorting, processing, storing, distributing and providing it using technical devices. Also, the field of information technology includes the resources required for these processes. Although in the broad sense of the word Information…
500 Global appreciates Pakistani start-ups
Pakistani technology start-ups took the spotlight as Courtney Powell, Chief Operating Officer and Managing Partner, 500 Global, a USD 1.8 billion international venture capital firm, visited the National Incubation Centre Lahore (NICL) at LUMS. The visit was facilitated by Paklaunch. Ms. Powell was accompanied by Board Member, Max Scheder-Bieschin, and hosted by Chairman NICL, Saleem Ahmad….
What Does Every Business Owner Need to Know Before Renting an Office?
It’s happening – you’ve thought about it, decided, and then thought about it again: you’re renting an office for your business. This is a big and important step for any company, that can lead to many exciting things. However, there are a lot of important decisions that need to be made along the way. This…
Gulf International Bank posts profits
BAHRAIN: Gulf International Bank (GIB) has announced its period ended 30th September 2021 financial results. The third quarter of 2021 witnessed a significant increase in net profit attributable to the Shareholders of the Bank, reaching $21.2 million compared to a loss of $59.9 million in the same quarter last year. The increase is driven by…
Arkan Building Materials appoints Chairman, CEO
ABU DHABI, UNITED ARAB EMIRATES: Arkan Building Materials Co. (ADX: ARKAN) has appointed the company’s Chairman, Vice Chairman, and Group CEO during its Board of Directors meeting. The strategic combination of Arkan and Emirates Steel created the UAE’s largest steel and building materials company, Arkan Building Materials Co. This follows the appointment of Arkan’s new…
MSCI Includes Yahsat in its Global Indices
ABU DHABI, UNITED ARAB EMIRATES: Al Yah Satellite Communications Company (ADX: Yahsat), the UAE’s flagship satellite solutions provider, has been included as a constituent of the MSCI Small Cap Indices, including the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index after…
DAMAC Properties announces AED2.39 billion revenue
DUBAI, UAE: DAMAC Properties Dubai (DFM: DAMAC) announced financial results for the nine month ended September 2021, reporting Revenue of AED 2,394 million, booked sales of AED 4.1 billion and deliveries of c.4,400 units in Dubai. Gross profit of AED 707 million was 15% lower than similar period last year’s gross profit of AED 828…
Oman Insurance launches a unique Middle East medical solution
DUBAI, UAE: In a bid to drastically simplify and improve access to health insurance for companies operating in the UAE and across the Middle East, Oman Insurance Company (DFM:OIC) has launched its Regional Insurance Medical Solution (RIMS). This new service, implemented in partnership with a leading third-party administrator MedNet and with four other regional insurers,…
Cardano Price Prediction 2021 and Beyond – Will Cardano Reach $10
What is Cardano (ADA)? Cardano is a blockchain-focused network that operates its own mainnet. In addition, cryptography can do whatever the network seems to need without restrictions. Especially when developing a platform, Cardano is created by InputOutput Hong Kong (IOHK). In addition, BitShares developer and Ethereum co-founder Charles Hoskinson run the company. In addition, the…
Johnson & Johnson to spin out consumer products division
LONDON, UK: Johnson & Johnson will split into two public companies, a news release said. The pharmaceutical and medical devices divisions will be separated from the consumer products business known for Band-Aid and Tylenol, and baby shampoo. The larger pharmaceutical and medical device business will retain the Johnson & Johnson name. The divisions — which…