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 Space mission:  Sultan Alneyadi docks at space station

The crew consists of Alneyadi, NASA astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut Andrey Fedyaev. 
  • The crew consists of Alneyadi, NASA astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut Andrey Fedyaev
  • The Crew-6 mission is the sixth commercial crew rotation mission with SpaceX aboard the International Space Station

UAEIIC, JOIN ink pact to boost investments in Middle East, Africa

The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa...
  • The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region
  • It will create appropriate projects and opportunities for investment and establish new economic partnerships, Secretary-General of UAEIIC Al Jarwan said

UAE best country globally for expat lifestyle, says HSBC survey

Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by...
  • A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE.
  • Another reason for the survey was to find about the changes in people’s lives post pandemic which includes the changes in their financial lives.

UAE’s FNC highlights role of parliaments in addressing climate change

RABAT, MOROCCO - UAE's Federal National Council (FNC) highlighted the critical role of parliaments in addressing the repercussions of climate...
  • The FNC stressed on the need to strengthen the economic, social and environmental cooperation between countries.
  • The UAE’s clean energy production capacity is expected to reach 14 gigawatts by 2030.

UAE, Bahrain explore ways to boost collaboration in infrastructure, transport

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting...
  • Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.
  • The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.

Emiratization: ACTVET, Al Fardan Exchange to hire 1,000 Emiratis in financial sector

The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently...
  • The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently established at ACTVET’s Innovation Park in Abu Dhabi
  • The companies will collaboratively oversee the implementation of the MoU and support the education and training of 5,000 UAE nationals through specialised training programmes

US Secretary of Defense to visit Middle East to rally allies amid Iran threat

Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East...
  • Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East region."
  • Ryder said talks would also focus on ways to work closely to increase regional security and stability and deter potential threats

Moroccan activists join WhatsApp suit over Pegasus spyware

Claiming that they were "victims of illegal intrusion into their phones by Pegasus software", they said they are planning to...
  • The Moroccan plaintiffs said in a statement that "criminal intrusion" into their phones had caused "serious harm, due to (our) activities as human rights defenders, journalists."
  • Pegasus gives government users near-complete access to a target's device, including personal data and messages, photos, location and even the camera

UAE secured 34% of Japan’s crude oil needs in Jan

Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply,...
  • The country imported 84.4 million barrels during the month, according to to the Agency for Natural Resources and Energy in Tokyo
  • Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply

Saudi Arabia fintech firm Amwal raises $2.5M pre-seed funding

The funds will be used by Amwal to further develop their technology and expand in the MENA region.
  • The funds will be used by Amwal to further develop their technology and expand in the MENA region
  • The Saudi Central Bank has also approved a cryptographic biometric checkout solution developed by Amwal

Saudi Arabia to host largest health event with global participation on Oct 21-23

Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...

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Israel to negotiate release of Gaza hostages: Netanyahu

Tel Aviv, Israel - Israel is negotiating the release of hostages held by the radical Palestinian movement Hamas in the...

Saudi’s Maaden announces discovery of new gold reserves

Riyadh, Saudi Arabia - Saudi Arabian Mining Company (Maaden) on Thursday announced a discovery of substantial gold reserves, marking a...

ADQ signs multi-year sponsorship agreement with Egypt’s Pyramids Football

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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GDP of new expanded BRICS to exceed that of G7 countries: Russia

Moscow, Russia - The aggregate GDP of the BRICS countries after the accession of its new members in 2024 will...
  • The total GDP of the BRICS in the new line-up will already significantly exceed that of the G7, Russia’s foreign minister Sergey Lavrov said
  • Lavrov noted that the share of Global South and Global East countries in the overall world economy is growing

UAE farm harvests $5.6m from carbon credits in eco-friendly agriculture triumph

Dubai – An innovative agricultural project in the United Arab Emirates, has generated $5.6 million euros from carbon credit sales. The...
  • Carbon credits are permits that allow a company to emit a certain quantity of greenhouse gases, with one credit equaling the emission of one ton of carbon dioxide
  • Companies are allocated a specific number of these credits, and If they reduce their emissions and have surplus credits, they can sell these to other companies

India’s L&T secures EPC contract for Saudi Arabia’s Amaala project

New Delhi, India - Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala...
  • The contract, awarded by the consortium of Masdar and EDF, involves the establishment of renewable energy generation, power utilities, and water systems
  • L&T, as the turnkey contractor, inked the EPC agreement with Amaala's developers, Masdar, and EDF, reports in Indian media said