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.

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....

Economy

GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers

Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...

Business
Geostrategy

Saudi foreign minister reviews regional issues with GCC Secretary General

During the meeting, the two discussed strengthening the process of joint GCC action and reviewed GCC issues of common concern.
  • During the meeting, the two discussed strengthening the process of joint GCC action and reviewed GCC issues of common concern
  • Earlier on Monday, Al-Budaiwi held talks with Russian Ambassador to Saudi Arabia Sergey Kozlov in Saudi capital
Business

Dubai Holding acquires the iconic The Westin Paris – Vendome

The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
  • The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France
  • The acquisition further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations
Business

HelioTech, Avio Aero ink pact to develop of rotorcraft industry

The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of...
  • The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023
  • Avio Aero is one of the leading companies in the aviation industry that designs, manufactures and maintains civil and military aviation propulsion systems
Economy

Ras Al Khaimah to launch a free zone for virtual asset companies

RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector.
  • RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector
  • It will be remote-work friendly, globally connected destination for digital and virtual asset companies building innovative business models for the future
Geostrategy

Al-Jarman heads UAE delegation to 52nd session of Human Rights meet in Geneva

GENEVA, SWITZERLAND -  The United Arab Emirates is participating in the 52nd session of the Human Rights Council in Geneva,...
  • Al-Jarman will highlight key UAE achievements and the prominent role the country plays in human rights globally.
  • He will hold meetings with heads of delegations to exchange views on common issues.
Economy

Higher Middle East demand pushes Thai rice exports up

Head of the ministry's foreign trade department Ronnarong Phoolpipat told a press conference that the value of rice exports rose...
  • Head of the ministry's foreign trade department Ronnarong Phoolpipat said that the value of rice exports rose 78.76% to $406.72 million in January year-on-year
  • He attributed the rise in exports mainly to the orders from the Middle East where the countries have' high purchasing power and low agricultural output
Business

Saudi-Croatia businesses to establish a joint business council

President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at...
  • This was decided during a meeting between Croatia's former President Kolinda Grabar-Kitarović and her accompanying delegation on Sunday with Saudi business representatives
  • President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at a rate of 198 percent to $146 million in 2021
Geostrategy

OIC holds meeting on escalating Israeli aggression against the Palestinians

The meeting will deliberate on the current situation in occupied Palestinian territories, especially killings of 11 Palestinian citizens in Nablus.
  • The meeting will deliberate on the current situation in occupied Palestinian territories, especially killings of 11 Palestinian citizens in Nablus
  • According to the OIC statement, the meeting will urge the international community to provide the necessary international protection for the Palestinian people
Geostrategy

Jordan Senate Chairman, French senate vice-president discuss bilateral ties

AMMAN, JORDAN -  Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed...
  • The two leaders also discussed political changes in the surrounding countries following Arab Spring.
  • The French leader said her country is looking forward to strengthening relations and partnerships.
Business

Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn

Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...
  • The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
  • Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....
Economy

Company News

Latest News

Tunisia, Saudi Arabia sign 7 MoUs in various sectors

Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
Economy

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...
Geostrategy

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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai real estate sales near record $109bn in 2023

Dubai, UAE - Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...
  • The momentum in the real estate market in the emirate will continue during the next year, according to Walid Al Zarooni, CEO of the W Capital.
  • The residential real estate markets, Al Zarooni said, may remain at the investors radar during 2024 considering the latest trends in the market
Economy

Oman year-on-year growth rate touches 15.4 percent

Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
  • The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
  • Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.

Saudi Chemical Co announces dividend

The company will distribute $11,385,120 to its shareholders.
  • Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout
  • Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value