DUBAI/RIYADH: With the global banking industry making headlines in the past weeks, the Saudi banking sector published its annual results for 2022. According to KPMG, a leading provider of audit, tax and advisory services, in its annual market update, the consolidated numbers for the ten Tadawul-listed banks reflect a robust performance, particularly indicating an increase in net profit by 28%, …

News Desk DUBAI: Carrefour, which is owned and operated by Majid Al Futtaim in the UAE, has launched its Masarat Programme: a bespoke growth initiative for Emirati frontliners, future team leaders, department heads and store managers. This comes alongside an announcement that the leading retailer has recruited over 1000 UAE Nationals since 2021 and is on target to achieve its …

News Desk DUBAI: Amazon announced the launch of ‘Iftar on Wheels’, a meal donation program that will support thousands of families, leveraging the company’s delivery network across the UAE. Amazon will utilize its scale, logistics and technology to reach people in need, and to spread the joy of the season among local communities. In partnership with the UAE Food Bank, …

Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, hosted the 10th session of its regular digital industry workshops, focusing this time on software development and artificial intelligence (AI) industry. The workshop brought together top executives, business leaders, experts, and entrepreneurs to discuss the challenges and opportunities facing the industry. Commenting on the event, His …

Modern Electronics Company (MEC) has announced the official inauguration of its newly revamped service centre in Riyadh. MEC, a company known as a leader in Saudi Arabia’s consumer electronics industry, was recently appointed by Panasonic as its official distributor for major appliances across the Kingdom. The redesigned facility, comprises of 975 sqm of service centre space, is manned by expertly …

LEOS International, a renowned and respected luxury property developer with presence between the United Kingdom and the Middle East, unveils Hadley Heights, its first premium residential property development situated at the heart of Jumeirah Village Circle (JVC) in the UAE. Hadley Heights is a high-end residential building that fosters a lifestyle of luxury, elegance, and modern living by melding city …

Ethiopian Airlines, the leading and fastest growing Airline in Africa, is celebrating the 50th year of the commencement of its service to China. The Airline made its first flight to Shanghai on 21 February 1973 and operated there for a while before it shifted its flights to Beijing on 07 November 1973, which is one of its very popular destinations …

This week, Emirates celebrated 25 years of its services to Malta which started on 30 March 1998. The airline has so far carried close to 1.1 million passengers on more than 12,700 flights, with Dubai being the furthest east-bound route from Malta as well as one of the few destinations for travel outside of Europe. To celebrate the milestone, Thierry …

Meezan Bank, Pakistan’s leading Islamic bank has surpassed USD 1.5 billion in deposit inflows under Roshan Digital Account (RDA). RDA was launched by the State Bank of Pakistan in collaboration with various banks across Pakistan with an aim to offer innovative banking solutions to Non-Resident Pakistanis who are interested in accessing banking and investment services in Pakistan. Since the inception …

Bank of Sharjah PJSC (Abu Dhabi SE: BOS) (the “Bank” or the “Group”), one of the leading commercial banks in the UAE, announced its audited financial results for the year ended 31 December 2022. Despite economic challenges, the Group demonstrated strong financial performance, and continued to adhere to a disciplined and focused approach in lending, recovery, and funding. The Group’s …