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.

1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...

Business

Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes

The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...

Economy
Business

NEOM taps India’s Rajasthan Royals for its cricket program

NEOM, Saudi Arabia - NEOM, the futuristic city being developed in Saudi Arabia, has announced its collaboration with Rajasthan Royals,...
  • NEOM aspires to become a pioneering sporting destination by collaborating with renowned international sports brands
  • With thousands of individuals already employed at NEOM, cricket has emerged as one of the most popular sports among the workforce
Economy

Gross sovereign borrowing requirements will jump to $12.9 trn in 2023: OECD

Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic...
  • Outstanding central government debt declined as a share of GDP, from a peak of 88 percent in 2020 to 83 percent in 2022
  • The total stock of sovereign sustainable bonds now exceeds $325 billion, 75 percent of which are focused on climate and environmental projects
Business

Leading games developer MY.GAMES makes Abu Dhabi its MENA base

Abu Dhabi, UAE - AD Gaming has expanded its gaming ecosystem by welcoming MY.GAMES to Abu Dhabi, marking the latest...
  • Headquartered in Amsterdam, MY.GAMES is a leading publisher and developer of mobile, PC, and console games, with over one billion registered users worldwide
  • MY.GAMES’ will work on over 70 games across the company’s portfolio, including genre-defining titles such as War Robots, Rush Royale, and Hustle Castle
Geostrategy

Norwegian delegation in Abu Dhabi discusses legal issues with ADJD   

ABU DHABI, UAE -   The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway....
  • The delegation was briefed about applicable regulations, the Judicial Department's initiatives to establish specialized courts for foreigners.
  • It was also briefed about the pioneering experience with remote litigation at the stage of registration of claims, case preparation and hearing.
Business

TAQA, Uzbekistan to explore power projects, infrastructure investment opportunities

Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to...
  • The agreement covers proposals for a greenfield combined cycle power plant with a capacity of approximately 1.5 GW
  • The new partnership is expected to cover the design, financing, engineering, ownership and operation of the power plant by TAQA

OIC experts discuss draft plan for Persons with Disability

Jeddah, Saudi Arabia - The Organization of Islamic Cooperation (OIC) on Sunday discussed a plan of action on the protection...
  • The finalization and adoption of the OIC Plan of Action will mark an important step forward in promoting inclusivity, and protection of individuals with disabilities
  • The initiative followed a resolution made at the 42nd session of the Council of Foreign Ministers on cultural, social, and family affairs held in Kuwait in 2015
Economy

Saudi Arabia to invest $3bn in three new solar projects

Riyadh, Saudi Arabia ‒ The Public Investment Fund (PIF) owned Water and Electricity Holding Company (Badeel) and ACWA Power are investing $3...
  • The solar projects are part of the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy
  • These projects intend to produce a combined capacity of 4.55GWac of renewable energy, powering approximately 750,000 households
Arts & Culture

NEOM’s first international exhibition held in Venice

Venice, Italy - More than 20 of the world’s leading architects, designers, and future thinkers led a major opening event...
  • Sir Peter Cook, Massimiliano Fuksas, Jean Nouvel and Ben van Berkel were among the world-renowned architects who joined CEO Nadhmi Al-Nasr on stage
  • Set in the historic Abbazia di San Gregorio, one of Venice's oldest buildings, the exhibition's focal point is a large-scale 9x13m relief plan of NEOM set in the central courtyard
Economy

Saudi Arabia signs a $39m pact with the Global Fund to fight pandemics

Geneva, Switzerland – The Saudi Fund for Development (SFD) signed on Friday a $39 million multiyear contribution agreement with the...
  • The grant will support the fight to end global pandemics and strengthen health and community systems
  • Over the last 20 years, the Global Fund has worked to fight the world’s three deadliest epidemics: HIV, TB, and malaria

NASA taps Bezos’s Blue Origin to build Moon lander

Washington, United States - Two years after awarding Elon Musk's SpaceX a contract to ferry astronauts to the surface of the...
  • Bezos, the founder and former CEO of Amazon, said on Twitter he was "honored to be on this journey with @NASA to land astronauts on the Moon - this time to stay."
  • The Artemis program marks NASA's return to the Moon after more than 50 years and is made up of several missions, each with increasing complexity

1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...
Business

Company News

Latest News

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...
Economy

Iran, Turkiye ink contract to connect power grids

Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...

Saudi professor Manahel Thabet appointed Commonwealth’s envoy for science and technology

Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Emirates Islamic profit rises 71%

The Bank’s total income reached AED 1.2 billion ($326.69 million)
  • The growth can be attributed to the upward trajectory of both funded and non-funded income, indicating enhanced business sentiment
  • The Bank’s total income reached AED 1.2 billion ($326.69 million) in the fourth quarter of 2023, marking a noteworthy 24% year-on-year growth

Iran plays on color at fashion exhibition

The strict dress code for women has been the subject of heated debate since nationwide protests following the death in...
  • Since shortly after the 1979 revolution, women in Iran have had to observe a strict dress code and wear loose-fitting garments while also covering the head and neck
  • Many women opt for head-to-toe black chadors. But in recent years, Iranian designers have also sought to include brighter colours in their creations
Geostrategy

US to discuss troop withdrawal with Iraq soon: report

New York, United States - The United States will begin talks with Iraq on the withdrawal of US troops from...
  • The report said that Washington wants the troop schedule to reflect the current situation in Iraq and the stability of its government and law enforcement agencies
  • But the Iraqi leadership believes that the timeframe of the withdrawal should not be affected by any circumstances