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AGGRESSIVE INVESTMENT HELPS
IHC achieves new net profit record of $2.82bn for H1
International Holding Company (IHC), a diversified Abu Dhabi-based conglomerate, has posted new record profit in the first half of 2022, as the company continues its aggressive investment strategy.
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MIDDLE EAST'S BIGGEST
Roxy Cinemas to launch 423 sqm screen in Dubai Hills Mall
Dubai Holding Entertainment’s Roxy Cinemas at Dubai Hills Mall is bracing to unveil a giant 423 sq m screen that is twice the size of a tennis court for a jaw-dropping cinematic treat never seen before in the Middle East, Roxy Xtreme.
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HOTEL OCCUPANCY HITS 74%
Dubai draws over 7 million international visitors in H1
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording more than 183% growth in visitors compared to the 2.52 million tourists who visited Dubai during the same period in 2021.
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FOCUS
Getting business ready to tackle rampant Inflation
Inflation, which has increased significantly, increases the cost of doing business at a time that’s difficult for small and medium businesses (SMBs) to pass price increases on to their customers.
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SPOTLIGHT
Cash App fraud: 10 common scams to watch out for
It pays to be careful – here’s how you can stay safe from fake giveaways, money flipping scams and other cons that fraudsters use to trick payment app users out of their hard-earned cash, according to Phil Muncaster, guest writer at ESET.
Top Trade News
 | Industry Sectors |
Alstom to set up regional HQ for Saudi Arabia
Alstom Company, which specialises in sustainable and smart transportation sector, has signed a memorandum of understanding with Saudi Arabia's Ministry of Investment to establish its regional headquarters in the kingdom.
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Young consumers ‘most concerned by cost of living’
Young consumers across the world are most anxious about the rising costs of gas, fuel and rent that are having an impact on their lives, according to a study based on Twitter conversations.
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WGES calls on attendees to register on its website
The 8th World Green Economy Summit (WGES) has invited those interested in attending to register on the Summit website to enable their participation in the activities, seminars, panel discussions and youth circles held during the event.
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Saudi PIF sets up unit to invest in Egypt
Saudi Arabia's Public Investment Fund (PIF) has launched the Saudi Egyptian Investment Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets.
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Commodity malware outpaces ransomware in Q2: Cisco
Commodity malware outpaced ransomware during April, May and June 2022 for the first time in more than a year, comprising 20 percent of the threats observed, said Cisco Talos, a leading private threat intelligence team.
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UAE to set up Industry 4.0 Enablement Centre
The UAE Ministry of Industry and Advanced Technology (MoIAT) and EDGE have signed a memorandum of understanding (MoU) to establish the UAE’s first Industry 4.0 Enablement Centre.
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Strong recovery in global air passenger numbers
Air travel showed strong recovery during June 2022 with total traffic in the month (measured in revenue passenger kilometers or RPKs) increasing 76.2% compared to June 2021, primarily propelled by the growing international traffic, according to new data.
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Nokia selected by Orange Egypt to modernise network
Nokia has announced that Orange Egypt has opted to modernise its existing Nokia SDM (subscriber data management) solution to support the operator’s subscriber growth over the next five years.
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Snap plans Mena expansion with new office in Qatar
Snap Inc., a leading camera company, has signed a memorandum of understanding (MoU) with Qatar’s Government Communications Office (GCO) to open a new office in Doha, expanding its footprint in the Mena region.
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Dubai unveils digital initiative for drivers licensing
Dubai’s Roads and Transport Authority (RTA) has announced the launch of ‘Click and Drive’ initiative for reengineering customers' journeys to obtaining driver licenses and vehicle registration services, as well as a mobile eyesight testing service.
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Transguard opens dedicated medical facility in Jebel Ali
A leading business solutions provider, Transguard Group has officially inaugurated a new 270 sq m medical facility in its largest accommodation in Jebel Ali.
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AlShehhi wins the World Media Award for content
The World Media Group has announced that Khaled AlShehhi, Executive Director of Marketing and Communication for the UAE Government Media Office, is the winner of the World Media Award (WMA) for Content Leadership and Innovation for 2022.
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Pakistan School Bahrain students shine in national exams
Over 40 students from the Pakistan School Bahrain scored A+ and A grades at the annual national-level Secondary School Certificate (SSC) Part-II examinations for the academic year 2021-22.
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Saudi Arabia to bid for 2026 AFC Women's Asian Cup
Saudi Arabia has officially announced its intention to bid for the 2026 AFC Women's Asian Cup.
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