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.

Qatar PM sees ‘momentum’ on Gaza talks after US election

Doha, Qatar - Qatar's prime minister said on Saturday that momentum had returned to talks aimed at securing a truce and...

Geostrategy

Riyadh Season 2024 signs sponsorship agreements with local, global partners

Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh. General Entertainment...

Business
Geostrategy

Jordan king says ‘duty to deter Israeli escalation’ in Jerusalem, safeguard holy sites

The king touted a longtime commitment to preserving "peace and harmony" at Jerusalem's Al-Aqsa mosque compound -- Islam's third holiest...
  • A statement said the king told the delegation, led by Palestinian president Mahmud Abbas, that Jordan "will always be with you."
  • The meeting follows tensions with the Israeli government over a minister's remarks denying the existence of the Palestinian people
Geostrategy

Arab thaw: Egypt’s Sisi likely to meet Syria’s Assad this month

Cairo. Egypt - The Egyptian President Abdel Fattah al-Sisi is planning to hold a meeting with his Syrian counterpart Bashar...
  • Cairo and Damascus are in the process of restoring diplomatic ties after the end of the holy month of Ramadan
  • Syrian Foreign Minister Faisal Mekdad was in Cairo for talks with Egyptian officials, marking the first such visit in over a decade
Geostrategy

Egyptian President al-Sisi meets Saudi Crown Prince amid quest for financial aid

CAIRO, EGYPT - Egyptian President Abdel Fattah al-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz...
  • Both Egypt and Saudi Arabia possess significant influence within the Arab, Islamic, and international spheres.
  • The similarity between Egyptian and Saudi policies leads to alignment on several global, Arab, and Islamic issues.
Economy

EU bloc records highest ever trade deficit in 2022

BRUSSELS, BELGIUM  - The EU trade in goods registered a large deficit of US$469 billion (€432 billion) in 2022, reaching...
  • The deficit was due, in particular, to a steep rise in the value of energy imports, which started towards the end of 2021 and continued through most of 2022.
  • Also in 2022, non-EU imports (+41 percent) and exports (+18 percent) reached their highest year-on-year growth rates recorded over the last 10 years.
Geostrategy

Syrian foreign minister on a visit to Egypt

Egypt's Foreign Minister Sameh Shoukry met with his Syrian counterpart Faisal Mekdad in Cairo, a first since Syria's civil war...
  • Several Arab countries rushed to Syria's aid after a February 6 earthquake killed tens of thousands in the war-torn country.
  • Egyptian President Abdel Fattah al-Sisi called his Syrian counterpart Bashar al-Assad in an unprecedented show of support.
Geostrategy

Norway contributes US$23.7m of flexible funding to FAO

ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from...
  • The funds will be channeled through FAO’s Special Fund for Emergency and Rehabilitation Activities - a funding mechanism with streamlined procedures.
  • With this, FAO aims to reach around 600,000 food insecure people with farming inputs, livestock supplies, fishing inputs and cash assistance where needed.
Business

DEWA, Siemens discusses enhancing cooperation

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
  • DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
  • They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Geostrategy

Pakistani businessman exports food products to Israel

ISLAMABAD, PAKISTAN - The American Jewish Congress celebrated the arrival of the first shipment of food products from Pakistan to...
  • While Israeli authorities and buyers have no issue with direct shipments from Pakistan, officials in Islamabad have not issued any comment.
  • The transaction reportedly involved Pakistani-Jewish businessman Fishel BenKhald and three Israeli entrepreneurs.
Research

Digital IDs, mobile authentication to propel more mobile access deployments: report

Dubai, UAE - Digital IDs and mobile authentication will propel many more mobile access deployments. HID, a leader in trusted...
  • The commercial real estate firms are leveraging mobile access as part of their larger tenant experience apps, the report revealed
  • The survey also found that nearly 60 percent of respondents see the benefit of contactless biometrics.

PPI of Industrial sector in Qatar down by 3.42% in February

Doha, Qatar - The Producer Price Index (PPI) of the industrial sector in Qatar for February. 2023 declined 3.42 percent...
  • The PPI for February 2023 is estimated at 125.16 points showing a decrease of 3.42 percent, when compared to the previous month
  • On Y-o-Y basis, the PPI of February 2023 showed a decrease of 7.23 percent, when compared to the PPI of February 2022.

Qatar PM sees ‘momentum’ on Gaza talks after US election

Doha, Qatar - Qatar's prime minister said on Saturday that momentum had returned to talks aimed at securing a truce and...
Geostrategy

Company News

Latest News

Saudi Exchange launches TASI50 Index tracking top 50 companies by market capitalization

Riyadh, Saudi Arabia – The Saudi Exchange has announced the launch of the TASI50 Index, which tracks the top 50 companies...
Economy

Blinken warns Israel-Hamas war could ‘metastasize’

Blinken will meet with Crown Prince Mohammed bin Salman in the Saudi desert city of Al-Ula, said a US official...
Geostrategy

Makkah region sees 600% surge in green spaces within 5 months

Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Saudi Arabia releases 132 animals in NEOM Nature Reserve

RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals...
  • This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild.
  • The released animals consist of 80 Arabian sand gazelles, 12 mountain gazelles, 12 ibexes, and 28 Arabian Oryx.
Economy

Saudi insurance sector targets 25m beneficiaries by 2030

Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of...
  • The expansion in the sector is largely propelled by the introduction of the mandatory health insurance for private sector workers and their dependents
  • Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of 11.5 million individuals by year-end
Business

Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars

Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...
  • The port's strategic location along the Red Sea coast, coupled with its infrastructure, has attracted global shipping lines
  • It boasts high operational capabilities with wide approach channels accommodating larger vessels with berth depths up to 18 meters