INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

The New Travel Mindset: Local Living and Smarter Tech

From immersive local experiences to AI-powered personalization, Muzzammil Ahussain, CEO of Almosafer, shares key trends shaping the future of travel.

2 crew members killed as Saudi fighter jet crashes

An investigation into the cause of the recent accident has been initiated, with Maliki informing the Saudi Press Agency (SPA)...
  • The incident occurred at King Abdulaziz Air Base in Dhahran, where the aircraft, belonging to the kingdom's fleet of F-15SAs, was engaged in its training maneuvers
  • The event follows a similar occurrence five months prior when another F-15SA crashed in the training area of an air base in Khamis Mushait city, resulting in the loss of two lives

Dubai Municipality, DEWA ink pact to generate electricity from landfill biogas

DUBAI, UAE -  Dubai Municipality and Dubai Electricity and Water Authority (DEWA) have signed an agreement on the sides of...
  • The signing supports Dubai’s leading sustainability practices and the realition of the UAE Net Zero Strategy 2050.
  • Dubai Municipality is building align with its aspiration to build a more sustainable, pioneering and liveable city.

99 percent of world live in areas with air pollution levels above WHO guideline limits

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
  • Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
  • Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.

Saudi Arabia announces e-visa feature for FIFA Club World Cup fans

Riyadh, Saudi Arabia - The Saudi Ministry of Foreign Affairs, in collaboration with the Ministry of Sports, has rolled out...
  • Exclusively tailored for FIFA Club World Cup Saudi Arabia 2023 ticket holders, this electronic visa offering enables seamless entry into the Kingdom expressly for the event
  • The feature supplements existing options available to citizens of diverse nations, allowing them to visit Saudi Arabia through electronic visit visas or upon arrival

UK defence minister to visit Middle East to discuss ways to boost Gaza aid

Shapps will also visit Kibbutz Kfar Aza in southern Israel which was attacked by Hamas on October 7 which killed...
  • Shapps will also discuss how the UK can support the Palestinian Authority, the recovery of hostages, as well as efforts to prevent further escalation in the Middle East
  • Earlier this week Shapps said Britain was considering sending military support vessel RFA Lyme Bay to provide medical and humanitarian aid in the Middle East

Saudi Arabia offers 30-year tax cut to businesses shifting hqrs to kingdom

Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...
  • Under the Regional Headquarters (RHQ) Program, participating companies will benefit from substantial tax incentives, including a zero percent rate on corporate income tax
  • The RHQ Program, launched initially in 2021, has already licensed over 200 companies to operate their regional headquarters from Saudi Arabia

Air cargo demand up 3.8% in October

Geneva, Switzerland - Global air cargo demand increased by 3.8% compared to October 2022, the International Air Transport Association (IATA)...
  • Capacity was up 13.1% compared to October 2022 and 11.1% for international operations
  • International belly capacity, for example, rose 30.5% year-on-year on the strength of passenger markets

Blinken, Wang discuss Gaza war in phone call

Beijing, China - The US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi on Wednesday spoke over the...
  • Blinken discussed his recent travel in the Middle East and US diplomatic efforts in the region with Wang
  • He also underscored that the recent Houthi attacks against commercial vessels in the Red Sea

Saudi Electricity Company targets net zero emissions by 2050

Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle...
  • The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai
  • The SEC said it has signed seven agreements with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, etc

UAE launches Industrial Decarbonization Roadmap at COP28

Dubai, UAE - The UAE announced the launch of the Industrial Decarbonization Roadmap at COP28 on Tuesday with the aim...
  • The ministry and its partners have examined and evaluated the feasibility of more than 50 advanced technologies and innovative solutions
  • These include clean electricity, carbon capture, utilization and storage, manufacturing efficiency, alternative fuels, recycling, clinker substitutes, and hydrogen

The New Travel Mindset: Local Living and Smarter Tech

From immersive local experiences to AI-powered personalization, Muzzammil Ahussain, CEO of Almosafer, shares key trends shaping the future of travel.

Company News

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Crypto crime drops 19.6% as digital ecosystem matures

Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...

Dubai real estate sales hit record $13.6bn in July, growth eases

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of...

Disparities in climate action risk worsening global economic inequality, warns new report

Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

46,223 structures destroyed, 18,478 severely damaged in Gaza: UNOSAT

Geneva, Switzerland - The United Nations Satellite Centre (UNOSAT) has identified 46,223 destroyed structures, 18,478 severely damaged structures, 55,954 moderately...
  • The governorates of North Gaza and Rafah have experienced the highest rise in damage compared to the May 3, 2024 analysis
  • The map shown in the report illustrates a satellite imagery-based comprehensive assessment of damage and destruction to structures

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...

Dubai welcomes record 9.31 million visitors in first half of 2024

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...
  • In 2023, Dubai hosted 17.15 million international overnight visitors, and the city has maintained its strong tourism momentum into 2024
  • The growth in the first six months of this year suggests that Dubai is on track for a record-breaking performance