by Vasu Jit Kalia | August 7, 2024 | Breaking
After being embroiled for days in anarchy Bangladesh can see some hope of peace and stability with Nobel laureate Muhammad Yunus, who is considered as a longtime political foe of Bangladesh’s ousted Prime Minister Sheikh Hasina being named the country’s...
by Vasu Jit Kalia | August 6, 2024 | Banking, Central Banks
The value of gold reserves held by the Central Bank of the UAE (CBUAE) reached AED20.619 billion by the end of May 2024, marking a year-on-year (YoY) growth of 19.7 percent from AED17.219 billion in May 2023. The apex bank, in its Monthly Statistical Bulletin –...
by Vasu Jit Kalia | August 6, 2024 | Energy
ADNOC Drilling Company announced record financial results for the second quarter and first half of 2024. The company’s net profit for the quarter also grew, up 29% year-on-year and 7% sequentially to $295 million, driven by the increase in EBITDA, while for the...
by Vasu Jit Kalia | August 6, 2024 | F&B
In a boost for the Indian hospitality industry, 2,706 new rooms were added in the upscale and premium segment in the first half of this year, a report showed on Monday, amid a notable growth in infrastructure development. Out of these, 994 rooms (37 per cent) were...
by Vasu Jit Kalia | August 5, 2024 | Real Estate
Sharjah Sustainable City, the first sustainable master-planned residential community developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, has achieved a sales transaction value exceeding AED 2.5 billion across all...
