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.

Experts seek to legitimize AI mental health care

Researchers at Dartmouth College believe artificial intelligence can deliver reliable psychotherapy, distinguishing their work from the unproven and sometimes dubious...

UAE president delays state visit to Korea amid Middle East conflict

Seoul, South Korea - UAE President Mohammed bin Zayed Al Nahyan has delayed his planned state visit to South Korea...
  • The delay in the visit comes amid rising tensions in the Middle East following a surprise attack by the Hamas militant group on Israel
  • UAE President’s visit to South Korea would have marked a historic occasion as the first state visit to Seoul by a UAE president.

Rockets fired at Tel Aviv after Israeli strikes on Gaza ‘civilians’: Hamas

"The occupation (Israeli forces) committed massacres this morning in Al-Shati camp and Jabalia camp, leaving dozens of martyrs and injured,"...
  • AFP correspondents witnessed dozens of air strikes over 30 minutes on Thursday morning in the direction of Al-Shati camp and in the blockaded strip's north
  • Around another 1,200 people have been killed in the Palestinian coastal enclave in Israeli air strikes, according to Hamas officials

Africa’s exports expected to hit close to $1 trillion by 2035: Standard Chartered

Marrakesh, Morocco – Africa’s total exports will reach $952 billion by 2035 and the African Continental Free Trade Area (AfCFTA),...
  • Rising regional trade levels and greater connectivity will unlock high‑growth corridors across Africa and beyond, the Stanchart report says
  • The East Africa-South Asia corridor is expected to emerge as the fastest-growing major corridor, at 7.1 per cent per annum through to 2035, the report adds

Visa-free Russia travel on the horizon for Saudi, Oman, Bahrain, Malaysia, Kuwait

Sochi, Russia -.Starting in 2024, travelers from Saudi Arabia, Oman, Kuwait, Malaysia  and Bahrain may no longer need tourist visas...
  • Russia and China have been ready to receive groups of visa-free tourists on a reciprocal basis
  • Visa-free group tourism was also launched between Russia and Iran on August 1

Saudi prince, Iran president hold call on Israel-Hamas war

Analysts say the war has dealt a heavy blow to a possible landmark normalisation deal between Saudi Arabia, home to...
  • Prince Mohammed told Raisi that Riyadh is "communicating with all international and regional parties to stop the ongoing escalation", SPA said
  • Iranian state news agency IRNA also reported on the call, saying the two men discussed the "need to end war crimes against Palestine"

Zest Equity raises $3.8m seed round to digitize private market transactions

Abu Dhabi, UAE – Zest Equity, a venture-backed technology company offering digital infrastructure for private market transactions, has closed a...
  • The Hub71 startup will use these funds to drive the company's ambition to expand its product offering in the MENA region
  • Zest Equity has raised a total of $5.7 million with early backers including DFDF, 500 Sanabil, Nuwa Capital, and a significant group of regional angel investors

Mandoob shines light on Riyadh’s social transformation

The film is about an overworked delivery app driver in Riyadh, Fahad Nassir, who has taken a bold step into...
  • The film is about an overworked delivery app driver in Riyadh, Fahad Nassir, who has taken a bold step into the world of bootlegging
  • Mohammed Aldokhi, portraying Nassir, stars in Ali Kalthami's highly anticipated dark comedy feature debut, which explores the rarely seen ultra-modern Saudi nightlife

Abu Dhabi’s Mubadala to invest $1 billion a year in Brazil

New York, United States - Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more...
  • The firm’s second fund in the country, Brazil Special Opportunities Fund II (BSOF II), has raised over $710 million in commitments
  • Mubadala Capital was the first sovereign wealth fund to manage capital on behalf of third-party institutional investors

Hamas strike stuns, yet it’s important to remember backstory

Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction.
  • Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction
  • The 2008 assault raised international alarm as Israel was accused of using internationally banned weaponry, including phosphorus gas

Israel-Hamas conflict sparks global economic anxiety

With potential spikes in oil prices and uncertainty surrounding major projects like the IMEC, the world faces a complex economic...
  • With the world grappling with economic challenges, the sudden escalation in the Middle East threatens to send oil prices skyrocketing
  • Recent reports suggested that Saudi leaders were considering boosting oil production to foster better relations with Israel

Experts seek to legitimize AI mental health care

Researchers at Dartmouth College believe artificial intelligence can deliver reliable psychotherapy, distinguishing their work from the unproven and sometimes dubious...

Company News

Latest News

Restoration project for Jeddah district’s old buildings completed

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...

Abu Dhabi Chamber sets up working group to support startups, SMEs

ABU DHABI, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group specifically for...

TAQA, JERA sign pact with SATORP to develop plant in Saudi Arabia 

ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi Arabia weighs handing state airline Saudia over to PIF

Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund,...
  • Bloomberg initially reported the discussions regarding PIF's potential acquisition of Saudia
  • Currently, PIF already holds ownership of Riyadh Air, the kingdom's upcoming airline

Beyonce album highlights the Black women changing country music

Nashville, United States - "Twenty-three in Music City / With dreams and high-heeled boots / Singin' for a crowd of blue...
  • The 26-year-old, who is biracial, is one of many Black female artists carving out space in country music's capital
  • Megastar Beyonce's highly anticipated country album, out Friday, has cast a spotlight on efforts by Black performers to create a more inclusive Nashville

Visa-free policies make Middle East preferred destination for Chinese travelers

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...
  • Data from online travel agencies including Ctrip, Tongcheng, Tuniu, Mafengwo, and Zuzuche indicates a significant rise in Chinese tourists flocking to the UAE
  • Destinations like the UAE, Saudi Arabia, Qatar, Egypt, and Morocco have witnessed increasing demand from Chinese travelers, partly due to their visa-free policies