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HSBC Q1 profit falls 14 per cent as market remains uncertain

May 3, 2016 6:25 in World by
London, England, UK. HSBC Tower in Canada Place, Canary Wharf (2002: Norman Foster)

Europe’s biggest bank, HSBC, said on Tuesday that its first-quarter profit fell 14 per cent, as tough market conditions knocked…

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Trade Relations Concept. Golden Metallic Cogwheels.

UAE and Azerbaijan discuss economic, trade ties

The UAE and Azerbaijan have held talks to bolster economic and development relations between the two countries. Sultan bin Saeed…

May 1, 2016 6:24

Petrol to cost nearly 10 per cent more in May across the UAE

This is the second straight month in which the prices of petrol and diesel across all of the refueling stations in the country have gone up.

April 28, 2016 5:59
The Tower at Dubai Creek Harbour (1)

Burj khalifa is not the tallest tower

"It would be 'a notch' taller than the Burj Khalifa, which stands at more than 828 metres"

April 10, 2016 5:35
dubai fire

The Address Downtown is back?

To the surprise of many, a popular Lebanese restaurant at The Address Downtown Dubai, which was gutted by a New Year’s Eve blaze, is reopening on February 4.

February 2, 2016 12:34


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The metro underground subway system, in Dubai, United Arab Emirates

No fines for negative comments on economy, Dubai confirms

Some rumours said that officials in disguise were making visits to business firms and were levying up to AED2,000 in fines for comments that implied that a slowdown in Dubai’s economy was affecting business.

May 2, 2016 5:49
The Tower at Dubai Creek Harbour

Emaar Properties Q1 net profit soars 17 per cent

Dubai’s Emaar Properties, the builder of the world’s tallest tower, reported a 17 per cent rise in first-quarter net profit…

May 1, 2016 6:19
Aramex 4(2)

Dubai’s Aramex Q1 net profit rises 12 per cent

Dubai-based courier company Aramex reported a 12 per cent rise in first-quarter net profit on Sunday, citing growth in all…

April 24, 2016 4:08
Bank Muscat Building Headquarters Oman Logo

Oman’s Bank Muscat Q1 net profit rises 1.1 per cent

The bank made a profit of 43.8 million rials ($113.8 million) in the three-month period ending Mar. 31, up from 43.3 million rials a year earlier

April 14, 2016 5:25

Middle East

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Rain drops falling from a black umbrella

News: 97m gallons of rainwater collected in the UAE

Recent downpour proves beneficial for the Emirates, which may see water scarcity soon

January 7, 2016 10:20
A Law Book With A Gavel - Labour Law

UAE news: No more 6-month ban for employees

Ministry of Labour changes the system, starting from January

December 27, 2015 4:00
Audience in the lecture hall.

5 business events you must attend this week

From retail to future cities to government practices, this week is no walk in the park…

November 2, 2015 10:08
Audience in the lecture hall.

5 business events you must attend this week

From fashion to food, this week has an event for individuals from all industries…

October 26, 2015 8:57


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Airbus A320neo hit by hydraulic system problems

Airbus is facing a new batch of technical problems with some of its new A320neo medium-haul jets on top of…

April 26, 2016 4:11

UAE, Jersey sign double-taxation avoidance agreement

The UAE and the Channel Islands of Jersey have signed a double-taxation avoidance (DTA) agreement between the two governments, which…

April 21, 2016 5:28
Dubai Bank

Dubai Islamic Bank aims to open in Kenya before year-end -sources

Dubai Islamic Bank (DIB) plans to be operating in Kenya before the end of 2016, despite the Kenyan authorities’ moratorium…

April 18, 2016 5:56

Emirates orders two Airbus 380s for delivery in Q4 2017

The airline already operates 75 of the superjumbos, while the addition of these two aircraft takes its order book for A380s to 67

April 13, 2016 1:15

Press Release

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CV Suvi, newly appoint Blue 449 MENA Managing Director.

Blue 449 launches first network office in the Middle East

Blue 449, part of the ZenithOptimedia group, has opened its eighth network office with the launch of the agency in…

February 5, 2016 4:48

SMG Beirut ranks 3rd globally in Directory Big Won Rankings

Starcom Mediavest Group Beirut has ranked the third media agency globally in the 2015 Directory Big Won Rankings. The Directory…

February 2, 2016 12:38
Dubai Jazz Festival logo kippreport

Dubai Jazz Festival headliner Carlos Santana announces reunion album

April 15, 2016 marks the release date of Santana IV, the wildly anticipated studio album that reunites the revered early…

February 2, 2016 12:34

Palo Alto Networks and Proofpoint Partner to Extend Threat Prevention Capabilities

Dubai, UAE – January 21, 2016 – Palo Alto Networks® (NYSE: PANW) and Proofpoint™ (NASDAQ: PFPT) today announced a partnership…

February 2, 2016 12:20