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.

Sharjah Consultative Council approves DVA policy recommendations

SHARJAH, UAE - The Sharjah Consultative Council (SCC) has approved its recommendations regarding the Districts and Villages Affairs Department (DVA)...
  • The recommendations touched on the importance of providing social and psychological specialists in the suburb councils.
  • They also called for expanding the establishment of a suburb festival to include various cities and regions of Sharjah.

16th Al Dhafra Festival to launch Sunday

AL DHAFRA,  UAE - The competitions and concluding activities of the 16th Al Dhafra Festival will begin Sunday as part...
  • The festival also enables camel owners to continue the tradition of breeding and caring for camels.
  • The festival will also highlight the role of the camel in the Emirati and GCC’s culture.

Qatar Chamber discusses investment with Cuban delegation

DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic...
  • The meeting touched on economic and commercial relations between Qatar and Cuba.
  • The Qaraei delegation also discussed the business opportunities offered by the Cuban side in the sector of water resources.

DEWA implements SAP’s Audit Management System

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first...
  • DEWA's Internal Audit Department is an independent assurance function that adopts the best-in-class standards and practices.
  • The Internal Audit department at DEWA operates under an approved charter.

European prosecutors hear Lebanese bankers in central bank commission probe

Prosecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation. 
  • Prosecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation
  • They suspect central bank governor Riad Salameh and his brother Raja illegally took more than $300 million from the central bank between 2002 and 2015

Palestine  welcomes Saudi Arabia’s support for Palestinian cause

In a statement, Palestinian foreign ministry acknowledged the full Saudi support for the right of the Palestinian people in determining...
  • In a statement, Palestinian foreign ministry acknowledged the full Saudi support for the right of the Palestinian people in determining their own destiny
  • Earlier on Friday, Saudi Arabia said it will not normalize ties with Israel in the absence of a two-state solution with the Palestinians

UAE President announces 2023 as ‘Year of Sustainability’

The country will also focus on environmental sustainability and showcasing the UAE’s commitment towards fostering a global collaboration for innovative...
  • The country will also focus on environmental sustainability and showcasing the UAE’s commitment towards fostering a global collaboration for innovative environmental solutions
  • The announcement follows the successful conclusion of Abu Dhabi Sustainability Week 2023, which saw the participation of numerous state leaders and officials worldwide

DoH, GSC ink MoU to achieve Abu Dhabi’s healthcare sustainability goals

ABU DHABI, UAE - Building on its ongoing efforts to improve the healthcare ecosystem from all aspects, the Department of...
  • The GSC is powered by the International Hospital Federation and focuses on assisting healthcare services to address sustainability challenges.
  • The MoU will help provide educational resources to aid facilities in addressing identified areas for advancement and accomplishing new positive outcomes.

Abu Dhabi’s Department of Energy, New York University sign MoU

The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development.
  • The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development
  • It calls for scientific, technical, technological, legislative, and administrative cooperation in energy and water efficiency, sustainability, and conservation

Abu Dhabi to host UNCTAD’s World Investment Forum in October

Taking place under the theme "Investing in Sustainable Development", the forum will bring together government leaders, global CEOs and other...
  • Taking place under the theme "Investing in Sustainable Development", the forum will bring together government leaders and global CEOs
  • The forum will take place a few weeks ahead of the annual climate summit COP28, which will also be held in the UAE

Saudi Arabia leads GCC travel growth to India with a 40% rise in flight searches: report

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North...

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Riyadh Season draws 9 million visitors to its entertainment zones

Riyadh, Saudi Arabia - The number of visitors to Riyadh Season has surged to over 9 million, indicating a significant...

SEWA seeks to enhance cooperation with Siemens Energy

Sharjah, UAE -- Sharjah Electricity, Water and Gas Authority (SEWA), has decided to enhance cooperation with Siemens Energy.in developing energy...

PIF sets up agri and ecotourism firm Dan Company

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Oil prices up on Saudi, Russia push for output reduction

Riyadh, Saudi Arabia - Collaboration between Saudi Arabia and Russia to drive OPEC+ members toward output cuts has resulted in...
  • The OPEC agreement entails a substantial 2.2 million barrels per day reduction for the first quarter of next year
  • Despite these global efforts, US output continued at a high of over 13 million barrels per day, contributing to a surplus in the market

DP World, Zee Entertainment rope in David Warner for ILT20 Season 2 marketing campaign

Dubai, UAE - Australian cricket star David Warner along with Indian top Indian cricketer Harbhajan Singh will lead the marketing campaign...
  • Warner is set to make his DP World ILT20 debut in Season 2, the southpaw will appear for the Dubai Capitals
  • The 34-match tournament will be played at the three cricketing destinations – Abu Dhabi, Dubai and Sharjah

Iran foreign minister, Hamas chief discuss Gaza developments

Tehran, Iran - Iranian Foreign Minister Hossein Amir-Abdollahian held a phone conversation with Hamas chief Ismail Haniyeh on Friday night...
  • During the call, Amir-Abdollahian praised the invocation of Article 99 of the UN Charter by the United Nations Secretary-General Antonio Guterres
  • Iranian top diplomat told the Hamas chief that the crisis in Gaza had been a central feature of discussions between Iranian President and his Russian counterpart Putin