INSEAD Day 4 - 728x90

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...

Economy

Residential, hospitality sectors drive Saudi Arabia’s real estate market in H1 2024

The Kingdom’s tourism and entertainment investments, including a new star rating system, support growth in hospitality, positioning Saudi Arabia as...

Economy
Business

Oman Qatar Insurance merges with Vision Insurance

The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company.
  • The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company
  • After the mergercertificate by Qatar Ministry of Commerce, Vision Insurance Company was delisted from Muscat Stock Exchange
Economy

UAE trade minister meets US Jewish delegation to discuss relations

Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges...
  • Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth
  • The two sides also discussed the prospects of boosting their partnership and exchanging expertise, and ways of maintaining peace and promoting the values of social tolerance
Business

UAB 2022 net profit at US$42m

Total operating income rose 11% in 2022 compared to 2021.
  • UAB is focused on positioning itself as the partner of choice among major corporate clientele segments.
  • The bank's CEO said that their focus will remain on the delivery of an enhanced customer experience.
Business

DEWA,  France’s satellite operator Eutelsat discuss cooperation

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the...
  • DEWA CEO highlighted organization’s key initiatives and projects to promote sustainability, renewable and clean energy, and energy efficiency.
  • These include DEWA’s space program (Space D) which supports the National Space Strategy 2030.
Business

ADNOC to float 4% minority stake in ADNOC Gas on ADX

ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated...
  • ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain
  • The company’s twelve-month adjusted revenues to October 2022 totaled $24.9 billion, with the company delivering adjusted EBITDA of $8.7 billion and net income of $4.8 billion
Business

Qatar Oman Investment Co’s profit drops

Earnings per share declined to QR 0.006 in 2022.
  • Earnings per share (EPS) declined to QR 0.006 in 2022, compared to an EPS of QR 0.016 in the previous year
  • Qatar Oman Investment company was established in 2006, with a capital of $86 million
Business

AstraZeneca to move to Dubai Science Park with new sustainable offices ahead of COP28

Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda.
  • Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda
  • The company recently held its first multilateral engagement on health and climate at COP27
Business

Etihad Airways to run three Abu Dhabi-Lisbon flights a week

Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd...
  • The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays.
  • Etihad Airways will be offering travelers nearly 160 weekly flights to 21 destinations in Europe this summer.
Business

Investopia, Mubadala ink strategic partnership

DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a...
  • Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.
  • The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.
Business

Abu Dhabi Chamber, India’s FICCI explore areas of collaboration

ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry...
  • The Indian delegation was headed by the Assistant Secretary-General of the Federation of Indian Chambers of Commerce & Industry.
  • The delegation included representatives of over 30 private companies across a wide range of industries.

Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...
Economy

Company News

Latest News

10m people attend Riyadh Season 2023 events in first 50 days, says report

RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
Arts & Culture

Ukraine says it shot down three Russian Su-34 fighters

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...

Deyaar, Arady Properties sign MoU

Deyaar is a leading real estate developer in Dubai.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

UAE insurance sector grows with rise in gross written premiums in Q3 2023

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...
  • CBUAE stated that by the end of Q3 2023, the number of licensed insurance companies in the UAE remained at 60
  • The sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies
Economy

Central Bank of Egypt keeps interest rates unchanged

Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...
  • The decision leaves the overnight deposit rate at 19.25 percent and the overnight lending rate at 20.25 percent
  • The MPC noted a decline in key international commodity prices, especially energy, which has eased global inflation pressures
Economy

Saudi EXIM Bank, DBK sign MoU

It will boost the trade between Saudi Arabia and Kazakhstan.
  • Under the MoU, both banks have also agreed to exchange information, experiences, and best practices to enhance the development of services and products
  • It will also facilitate collaborative research efforts and knowledge sharing to design export credit policies and practices and provide workforce training opportunities