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.

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...

Business

Saudi Arabia to imprison, fine people for helping, employing illegal immigrants

RIYADH, SAUDI ARABIA – The Directorate of Public Security stressed that anyone who facilitates the entry, transfer or employment of...

Geostrategy
Economy

‘Jordan committed to combating terror financing’

Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...
  • Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
  • The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
Economy

Jordan’s anti-corruption body launches National Integrity Index

The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...
  • Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards
  • The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture
Economy

Museum, DEWA partner for sustainable development

The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...
  • The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
  • The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
Business

Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%

The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...
  • Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.
  • The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.
Business

DGCX licensed brokerage firms can now become DFM derivatives members

Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...
  • Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.
  • Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.
Economy

Oil prices fall as Aramco signals plan to raise crude production

Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery...
  • Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand
  • Crude prices which had gained following Russia’s invasion of Ukraine have declined over the last couple of months on fears of a possible economic recession
Business

Solutions by stc to buy Giza

The 89.49% stake in Giza Systems will cost it $158m.
  • The company had entered a binding deal for the takeover of the stake in Giza Systems in addition to 34 percent of its unit, Giza Arabia
  • The transaction is expected to be completed by the fourth quarter of 2022
Business

Saudi digital payments go up, represent 94% of all trades

The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all...
  • The use of electronic payments increased to 62 percent last year from 44 percent in 2019 across all areas of economic activities
  • When it comes to the business sector, the share of electronic payments reached a substantial 84 percent of all business payments in 2021, up from 51 percent in 2019
Economy

Saudi economy, GDP see upswing in H1 2022

Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities...
  • The report says Saudi Arabia's economy and GDP are on an upswing due to several factors
  • Even the World Economic Outlook July 2022 projected the Kingdom to record highest GDP growth among G20 countries.

IGCF 2022 to be held on September 28, 29

The forum will analyse the socioeconomic and community trends that will determine the next stage of government communications regionally and...
  • The forum will analyse the socioeconomic and community trends that will determine the next stage of government communications regionally and around the world
  • It will also spotlight the latest tools and methodologies governments can leverage to communicate with the public during unforeseen or unusual circumstances

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
Business

Company News

Meydan taps Empower for cooling

Bahrain mall eyes $159m expansion

DEWA’s sustainability report out

Husqvarna Construction gets new GM

Etisalat to partner with GMIS on 5G

Latest News

MoFAIC,  Burjeel Holdings ink MoU on healthcare services

ABU DHABI, UAE -  UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...
Business

UAE bank investments at all-time-high of $147 bn in February

Abu Dhabi, UAE - Bank investments in the UAE hit $147 billion by the end of February, the highest level...
Business

UAE ministry hosts discussion on poultry industry, food security

DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Khalifa Fund partners with Wio Bank

Wio will offer Khalifa members full digital account onboarding.
  • The two entities aim to empower SMEs, entrepreneurs and freelancers in Abu Dhabi and the UAE with business banking tools and financial solutions.
  • Wio Business will be extending a special promotion of a three-month free subscription plan to over 3,600 members and portfolio companies of Khalifa Fund.
Business

DMCC to open office in Mumbai for Indian firms to expand through Dubai

Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian...
  • DMCC aims to boost the relationship between the UAE and India in support of the UAE-India Comprehensive Economic Partnership Agreement (CEPA).
  • Trade between the UAE and India surged 14 percent after the two countries signed CEPA in 2022.
Business

India Jewelry Exposition Center launches in Dubai

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...
  • India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.
  • The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.