Of the organisations surveyed that paid the ransom, the average cost was $2,036,189 – more than double the cross-sector average of $812,360
Its cost-to-income ratio stood at 77 per cent in the third quarter of the year, decreasing from 90 in Q2 2022
From ESG reporting and finance to climate risk assessment, business leaders must recognise sustainability as a core element of their business strategy and plan accordingly
The port has automated finance, human resources and supply chain functions to enhance business agility and speed up daily work
The offering comes almost a year after the stock exchange went public in a $1bn initial public offering
The company’s non-fuel transactions increased by 18 per cent during the period
The project has achieved Level 4 autonomous driving, enabling 76 intelligent guided vehicles in a fleet to collaborate efficiently
“Over the next few days, the absolute top priority is finding and suspending any verified bots/trolls/spam,” Musk wrote in an email to staff
Bitcoin dropped as much as 5.5 per cent to as low as $16,837
Oil has lost about a third of its value since early June on concerns over a global economic slowdown and aggressive monetary tightening by central banks
This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country
Abu Dhabi-based Masdar is leading a consortium that will build a 10-gigawatt wind plant in Egypt
The company’s freight forwarding business reported a strong performance, attributable to increased volumes from industrial, retail and SME verticals
Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels
The three-day event saw global participation and highlighted key issues impacting food production and food service sectors
It includes a formal framework for both entities to provide SMEs with access to trade financing
With an aim to establish a first-of-its-kind manufacturing unit in Dubai, the agreement is part of the emirate’s strategy to become a sustainable global hub for green economy
The subscription period starts today, with trading of shares expected to commence on November 29
The group’s revenue stood at $15.3bn for the first six months of 2022-23, up 128 per cent from $6.7bn last year
Additional drilling operations are scheduled to be conducted during the next two years
Almosafer’s consumer business will run a 360 marketing campaign throughout 2023 to promote Oman to its customer base in Saudi Arabia, Kuwait and the UAE
Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange
Emirates currently has codeshare cooperation agreements with 26 airline partners and two rail companies around the world
The company will accelerate the de-carbonisation of activities while focusing on mobile network modernisation with the deployment of the latest generation of energy-efficient radio equipment
The DoE’s regulatory framework is the first legally binding clean and renewable energy target in the Middle East for the electricity sector
RTA has fitted the parking machines with touch screens, which enables the entry of vehicle details
The bank aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both countries
The company has also extended its hiring freeze through Q1 of next year, with a small number of exceptions
The average seat load factor – or passengers carried as a percentage of available seats – during Q3 2022 stood at an average of 80 per cent
The 25 metres high temperature-controlled inflated dome features indoor cricket, padel tennis, badminton, football, table tennis, boxing courts and comes with 150 car parking facility