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Diversification

Salik's H1 2024 profit before tax rises 9.2pc to $163m

Salik Company, Dubai’s exclusive tollgate operator, has posted a first-half (H1) profit before tax of AED598.6 million ($163 million), up 9.2% year-on-year.   In view of the strong financial results, the co

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Salik's H1 2024 profit before tax rises 9.2pc to $163m

Salik Company, Dubai’s exclusive tollgate operator, has posted a first-half (H1) profit before tax of AED598.6 million ($163 million), up 9.2% year-on-year.   In view of the strong financial results, the co

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CNN shines a spotlight on Saudi Arabia’s tourism diversification

CNN, in a new episode of Marketplace Middle East, learnt how Saudi Arabia's oil diversification plans are opening doors for those in the private sector, with hotel and hospitality brands capitalising on the country’s

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GIB H1 net profit rises 9pc to $88.5m; Q2 net jumps 23pc

GIB, a pan GCC universal bank, posted net profit attributable to the shareholders of the bank of $88.5 million in the first half (H1) of 2024, an increase of 9% compared to the previous year's $81.2 million. Net income for the first half r

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Panasonic eyes sustained growth in Middle East and Africa

Panasonic Marketing Middle East & Africa (PMMAF) said it is further expanding its capabilities to meet the rapidly growing demand for cutting-edge technologies across the Middle East and Africa (MEA) region. Unveiling its action pla

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EDB’s share of UAE’s industrial GDP surges 80pc to $1.17bn

Emirates Development Bank (EDB), the key financial engine of UAE’s economic development and industrial advancement, has seen its share of UAE’s industrial GDP surge 80%, reaching AED4.3 billion ($1.17 billion) in 2023. 

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Navigating the maze: Bahrain's diversification journey

Bahrain encounters hurdles on its path to diversification, however, by implementing strategic resolutions, focusing on profitable sectors, and fostering an inventive and cooperative environment, Bahrain can unlock its full capabilities.

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Burgan Bank expands private banking, wealth management

Burgan Bank says the Central Markets Authority (CMA) has granted it several new licences that allow the bank to offer its high-net-worth individuals (HNWIs) a new suite of Private Banking and Wealth Management services and products. 

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EDB Forum highlights vision for Abu Dhabi’s economic growth

The Abu Dhabi edition of EDB Connect has explored how strategic investments and innovative financing are pivotal in Abu Dhabi's economic transformation.    As the UAE capital embarks on an ambitious jour

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EDB Forum highlights vision for Abu Dhabi’s economic growth

The Abu Dhabi edition of EDB Connect has explored how strategic investments and innovative financing are pivotal in Abu Dhabi's economic transformation.    As the UAE capital embarks on an ambitious jour

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