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.

UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...

Geostrategy

In a change of tone, Syria’s new leader urges US to pressure Israel for withdrawal

Julani’s appeal comes as Syria signals a shift in its diplomatic tone. Maher Marwan, Damascus’ new governor, told NPR that...

Geostrategy
Geostrategy

Jordanian-American committee discusses trade, food security

AMMAN, JORDAN -  The ninth session of the Joint Jordanian-American Committee, which was held in the United States, discussed cooperation...
  • The Jordanian delegation urged US investors to enhance investment in the Kingdom.
  • The delegation thanked US for its continuous support to Jordan in several sectors.
Business

UAE is on track to become global hybrid working hub: report

Dubai, UAE - The UAE is on track to become a global hybrid working hub, a new report by Workspace...
  • 98 percent of UAE businesses reveal that they would invest in hybrid workplace technology by 2024, compared to 89 percent globally
  • Employers are adopting a hybrid work system that is effective and efficient, with key steps being taken to create an effective hybrid strategy
Business

Alpha Dhabi logs $2bn profit

Revenues also grew significantly to reach $3.26 bn.
  • Alpha Dhabi continues to pursue acquisitions and investments as part of its growth strategy and to this end the company partnered with Mubadala
  • The two companies aim to collectively deploy up to $2.5 billion over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo
Business

EIIC acquires additional 7.6% stake in Abu Dhabi Islamic Bank

Abu Dhabi, UAE - Emirates International Investment Company (EIIC) has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank...
  • ADIB reported a growth in net profit of 54 percent to reach AED1.1 billion (0.29 billion), driven by significant growth as well as higher margins
  • The strong financial results for the Q1 2023 demonstrate ADIB's ability to weather challenging economic conditions and deliver robust financial performance 
Economy

Jordan, Iraq renew crude supply deal

Baghdad, Iraq - Jordan and Iraq have signed a deal to resume the export of Iraqi crude to Jordan under...
  • The agreement was signed by the Energy and Mineral Resources Minister of Jordan, Saleh Al Kharabsheh, and the Oil Minister of Iraq, Hayan Abdul Ghani
  • As per the deal, Jordan will begin importing 10,000 barrels of crude per day for a year, starting from June. and this will cover around 7% of Jordan's daily oil needs
Geostrategy

UAE President, Qatar Emir talk on phone, review bilateral ties

Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Emir of Qatar, Sheikh Tamim bin...
  • The two leaders reviewed current areas of UAE-Qatar cooperation and explored opportunities for further collaboration
  • In recent past, the UAE and Qatar have been moving towards restoring diplomatic ties and reopening embassies
Economy

Companies violating Emiratization targets will face up to $136,147 fines

Dubai, UAE – The UAE announced on Thursday that companies will be subject to fines of up to AED 500,000...
  • Not meeting the Emiratization targets, which includes reducing the number of employees or modifying their classification, will be considered a violation
  • Companies with 50 employees or more are required to increase the number of their Emirati employees in skilled jobs by 1 percent every six months
Business

SODIC posts $0.10bn Q1 sales

The firm is one of Egypt's leading real estate developers.
  • SODIC's majority shareholder, Aldar, led one of the largest foreign direct investments in the Egyptian real estate sector in 2021
  • The company is also expanding its landbank in multiple areas across Egypt, including West Cairo, East Cairo, and the North Coast

33% of Dubai tenants prefer one bedroom units to large apartments

Dubai, UAE - ZāZEN Properties, a sustainable property developer in the United Arab Emirates (UAE), has noted a surge in...
  • With overall property prices increasing, residents are searching for the best ways to invest their money, whether as a long-term profitable option or to live in the property
  • Also, due to the overall increase in mortgage and rental rates investing in one or two-bedroom units versus larger apartments or townhouses has become preferable
Geostrategy

Russia, Iran to ink pact on linking railroad infrastructure

Tehran, Iran - Russia and Iran are set to sign a bilateral agreement on the construction of the Rasht-Astara section...
  • The project will connect the land sections of the International North-South Transport Corridor, increasing efficiency of the trans-Caspian route
  • The construction of the Rasht-Astara section is estimated to cost around $1.6 billion and take four years to complete

UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...
Geostrategy

Company News

Latest News

Healthcare industry globally faces data hacking threat

DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...
Business

Cinema ticket prices in Saudi Arabia decline by 16% in 2023

Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...
Business

Saudi Dakar rally 2024 concludes with participation of 778 drivers, co-drivers

Riyadh, Saudi Arabia - The city of Yanbu witnessed on Friday evening the closing ceremony of the 5th edition of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships

In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on...
  • While the Iran-backed rebels maintained they had struck the commercial vessel in the Gulf of Aden, the US military said the group's missiles had missed their mark
  • Continued Houthi aggression against vessels in and around the Red Sea has led to strikes in Yemen by US and British forces
Economy

Saudi Arabia to host WEF special meeting in April

Davos, Switzerland — Saudi Arabia will host a special meeting of the World Economic Forum (WEF) in Riyadh this April, Saudi...
  • Speaking at the panel 'Saudi Arabia: The Course Ahead', Saudi minister Faisal Al Ibrahim said the event will focus on global collaborations
  • He underlined Riyadh's emerging role as a hub for various sectors and as a center for global thought leadership.
Business

UAE ranks first in Arab world in labor-resilient countries, says report

Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...
  • As the world confronts the challenges of global warming and the transition to a sustainable future, the impact on labor markets looms large.
  • The direct consequences of climate change, including displacement, migration, and fluctuations have become increasingly pervasive.