INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

US Pentagon chief says military ready to ensure Iran never gets a nuclear bomb

Washington, United States -- The US defense secretary reiterated Sunday that the United States hopes for a diplomatic solution to...
  • US and Iranian diplomats opened indirect talks Saturday in Oman in an effort to resolve Western concerns about Iran's nuclear program.
  • Trump said Wednesday that military action was "absolutely" possible -- in conjunction with Israel -- if the talks in Oman failed.

US-funded Arabic network ends broadcasts after Trump cuts

The network went on air in 2004, when US officials were complaining about coverage of the Iraq war from Qatar-backed...
  • But it has faced stiff competition from Al-Jazeera as well as Al-Arabiya, which is funded by Saudi Arabia, and more recently UAE-backed Sky News Arabia.
  • The Trump administration, in part of a sweeping cost-cutting drive led by Elon Musk, in March said it was ceasing all financial transfers for US government-supported media.

‘Diriyah Tan’ unveiled to celebrate Saudi tourism hub’s rich heritage

Riyadh, Saudi Arabia -- Diriyah Company has collaborated with Pantone to produce "Diriyah Tan," a color that embodies the essence...

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.
  • Saudi Arabia is a key regional ally of Washington, and US President Donald Trump forged close ties during his first term with Crown Prince Mohammed bin Salman.
  • However, demand for EVs is relatively low in Saudi Arabia, the world's largest oil exporter which enjoys bargain-basement fuel prices, with a liter costing just $0.62.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex
  • Through SoTex, Kimmeridge is building America’s first integrated gas independent to deliver low-cost natural gas from wellhead to water.
  • The deal bolsters Mubadala Energy's growth plans to invest across the gas value chain in key energy hubs around the world.

Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
  • The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms.
  • Despite sitting on large reserves of petrol and natural gas, decades of conflict and instability have ravaged Iraq's energy infrastructure.

Qatar’s ‘Hit Show’ wins $12 million Dubai World Cup

Dubai, UAE --  Qatar's 'Hit Show' triumphed in the 2025 Dubai World Cup's main event at Meydan, the pinnacle of...
  • Hit Show, owned by Wathnan Racing, ridden by Florent Geroux, prevailed over eight top competitors in 2:03:50 minutes, earning $6.96m with a 0.64-length victory.
  • The American horse Mixto, owned by Calumet Farm, came in second place, ridden by jockey Frankie Dettori and trained by Doug O'Neill, and received a cash prize of $2.4m.

Russia to hold talks with US in Riyadh Monday: Kremlin

Donald Trump spoke to both Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky this week and the US is also due...
  • "From the Russian side, they will be attended by Grigory Karasin, chairman of the Senate's committee on international affairs, and Sergei Beseda, advisor to the head of FSB.
  • Ushakov said he had confirmed this after talks with US National Security Advisor Mike Waltz. Both agreed to send "expert groups" for the talks, he added.

Saudi table egg production crosses 8 billion, achieves 100% self-sufficiency

Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8...
  • Saudi agriculture ministry said the kingdom's egg production not only meets domestic demand but also generates a surplus, reinforcing national food security.
  • The ministry also emphasized its commitment to enhancing food quality, safety, and availability across local markets.

West Bank eviction film ‘No Other Land’ wins best documentary Oscar

Jerusalem -- No Other Land, a documentary about Israeli settlement in the occupied West Bank, has won the best documentary award...
  • Shot in Masafer Yatta near the West Bank city of Hebron, the documentary follows a young Palestinian struggling with forced displacement.
  • After a long legal battle with Palestinian communities, an Israeli supreme court ruling in 2022 paved the way for the eviction of the area's more than 1,000 residents.

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Latest News

Trump Organization inks deal to build a golf course and villas in Doha

Doha, Qatar -- The Trump Organization signed on Wednesday its first development deal in Qatar to build a golf course...

Trump trade war pushes firms to consider stockpiling

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...

ATM 2025 to showcase 2,800 firms, 17 percent from Middle East

Dubai, UAE: The Arabian Travel Market, which will take place from Apr 28 to May 1 at the Dubai World...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi Arabia’s space economy reaches $8.7 billion in 2024

Riyadh, Saudi Arabia -- The Communications, Space, and Technology Commission (CST) has said that the Saudi space economy reached $8.7...
  • The Saudi space market is projected to reach $5.6 billion by 2035, supported by space technologies, while the global space market reached $176 billion in 2024.
  • The size of the space market reached $1.9 billion, according to the KSA Space Market 2025 report. Saudi space economy is expected to reach $31.6 billion by 2035.

US Pentagon chief says military ready to ensure Iran never gets a nuclear bomb

Washington, United States -- The US defense secretary reiterated Sunday that the United States hopes for a diplomatic solution to...
  • US and Iranian diplomats opened indirect talks Saturday in Oman in an effort to resolve Western concerns about Iran's nuclear program.
  • Trump said Wednesday that military action was "absolutely" possible -- in conjunction with Israel -- if the talks in Oman failed.

US-funded Arabic network ends broadcasts after Trump cuts

The network went on air in 2004, when US officials were complaining about coverage of the Iraq war from Qatar-backed...
  • But it has faced stiff competition from Al-Jazeera as well as Al-Arabiya, which is funded by Saudi Arabia, and more recently UAE-backed Sky News Arabia.
  • The Trump administration, in part of a sweeping cost-cutting drive led by Elon Musk, in March said it was ceasing all financial transfers for US government-supported media.