INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

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

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...

Business

Over 300 keynotes, panels, main sessions at 1 Billion Followers Summit’s third edition

Dubai, UAE - The third edition of the 1 Billion Followers Summit, the world’s first and largest event dedicated to...

Business
Economy

UAE Corporate Tax: All you need to know

The UAE aims to attract more businesses and investments by having a competitive Corporate Tax system that follows international standards...
  • The UAE aims to attract more businesses and investments by having a competitive Corporate Tax system that follows international standards and a network of double tax treaties
  • Four of the GCC's six member states have corporate tax systems, ranging from 10 percent in Qatar to 15 percent in Kuwait and Oman to 20 percent in Saudi Arabia
Economy

Jordan’s total exports up 6 percent in Q1 of 2023

Amman, Jordan - Jordan's total exports experienced positive growth of 6.3 percent in the first quarter of 2023, reaching a...
  • Imports in the first quarter of the current year totaled $6.34 billion, a 5.6 percent increase from the $6 billion registered in the same period last year
  • The foreign trade deficit rose by 4.9 percent to $3.37 billion, compared to $3.21 billion recorded in the same period last year
Business

EDB, Paraguay’s Development Finance Agency ink MoU to boost collaboration

ABU DHABI, UAE -  Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of...
  • EDB and AFD will leverage their outstanding capabilities and professional expertise in agritech financing.
  • The two firms will share their experiences in financing SMEs and providing smooth and flexible access to capital.

TRENDS Poll: 38% feel AI threatens their jobs

New job opportunities are expected to emerge, but only individuals with advanced technological skills and education would be eligible for...
  • TRENDS conducted a Twitter poll, asking its followers whether their jobs were at risk due to AI in an attempt to gauge its impact
  • The results revealed that 38 percent of respondents believed their jobs were at risk, while 31 percent responded negatively
Economy

UAE Gen Z prioritizes hybrid work and career progression: study

Dubai, UAE - The Gen Z in the UAE has a strong inclination towards hybrid work arrangements, where they can...
  • A significant portion of Gen Z respondents in the UAE (42%) are engaged in formal or informal side jobs, surpassing the rate of non-Gen Z respondents (27%)
  • The majority of Gen Z in the UAE (70 percent) express a preference for hybrid work environments, allowing them to have the flexibility of working both in the office and remotely
Economy

Trade pacts propel Jordan’s trade to $23bn with partner nations

Amman, Jordan - Jordan's trade exchange with countries it has free trade agreements with accounted for a significant portion of...
  • The country joined the Greater Arab Free Trade Area in 1978, solidifying its economic ties within the region
  • The free trade agreement with the United States came into force in 2001, followed by the Jordanian-European Partnership in 2002
Science

Saudi professor secures US patent for innovative cancer therapy

Washington, USA -- The Saudi faculty member at Michigan State University Dr. Yasser Al-Dhamin, received a patent from the US...
  • The patent describes the development of a modern technology that targets an immune protein with a high concentration on the surface of immune system cells
  • The protein targeted in this project is called CRACC, and theresearch has demonstrated that CRACC protein exists on the surface of immune system cells in cancers
Economy

UAE issues transitional rules for Corporate Tax

The goal is to simplify establishing the initial balance sheet, guaranteeing a fair method for managing assets and liabilities preceding...
  • The aim is to ease the process of determining the opening balance sheet, ensuring a fair and transparent approach for assets and liabilities
  • The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities
Business

DP World cut global carbon emission by 5% in 2022

Dubai, UAE - DP World cut direct carbon emissions from its global operations by 5 percent last year, according to...
  • The ESG report, published Thursday, has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards
  • DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero
Business

Saudi Arabia,  UK ink pact to develop critical minerals supply chains

Riyadh, Saudi Arabia -- Saudi Arabia and the United Kingdom on Thursday signed an agreement to jointly develop critical minerals...
  • The agreement marks a significant step in the global endeavor to increase the supply of critical minerals
  • Critical minerals are vital in producing various technologies, including electric vehicles, wind turbines, and solar panels

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...
Business

Company News

Latest News

Total market value of Saudi stocks hits $2.97 trillion

Riyadh, Saudi Arabia - The total market value of the primary Saudi stock market, represented by the All Tadawul Share...
Economy

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
Business

Skipper Battat leads Palestine on and off pitch at Asian Cup

Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arts & Culture

Expo City Dubai launches 10-day festival of Emirati light art and culture

DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City...
  • The event celebrates the rich artistic tapestry of Emirati through a series of awe-inspiring artistic projections, interactive installations.
  • The free-to-attend festival is created and organized by Expo City Dubai, in partnership with AGB Creative and will run from January 26 to February 4.
Business

Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
  • The robot is designed to tackle the plastic waste and other debris
  • It can cover up to 3,000 square meters in just an hour
Economy

Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
  • The train is set to embark on a captivating 770-mile journey from Riyadh, traversing through Hail, to the northern city of Al-Qurayat, near the border with Jordan
  • The train, featuring 40 opulent cabins and a maximum capacity of 80 passengers, is poised to redefine rail cruising experiences in the region