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.

Iran agricultural, food exports hit US$4.8bn in 10 months

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...

Business

UAE allocates US$5m for UN’s humanitarian efforts in Gaza

ABU DHABI, UAE – As per the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Affairs...

Geostrategy
Business

UAE to woo at least 300 global tech firms with ‘NextGenFDI’

The UAE will encourage some 300 global technology firms and software developers to set up base in the country under...
  • Dr. Thani bin Ahmed Al Zeyoudi said large and SME businesses approached UAE for the relocation
  • The UAE also aims to establish 1,000 new digital companies and increase investment in startups from approximately US$400 million to US$1.3 billion
Geostrategy

Arab parliament welcomes Yemen truce during Eid

The pan-Arab legislature expressed its hope that the humanitarian truce would contribute to ending the war.
  • The pan-Arab legislature expressed its hope that the humanitarian truce would contribute to ending the war
  • The Arab Parliament urged Yemeni parties to commit to stopping all military operations and abiding by the Saudi initiative announced in March 2021
Business

Middle East startups raise $1.8 billion in first half of 2022

During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according...
  • The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets
  • Transport and logistics and e-commerce came in second and third, each raising respectively $1 billion and $501 million

Aramco expected to post $44bn profit in Q2: report

Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1...
  • Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1 2022, amid rising oil prices
  • The profit of the chemical giant Saudi Basic Industries Corp’s (SABIC) is forecast to slightly slip by 1 percent to SR7.6 billion
Analysis

Digital health sector to cross $230bn in five years

Healthcare will play a significant role in building and empowering the new generation of governments, said Mohamed Yousef AlSharhan, Deputy...
  • Increased adoption of digital-health technologies is expected to unlock an estimated US$230 billion globally - including US$10 billion in the Middle East - over the next five years
  • Healthcare will play a significant role in building and empowering the new generation of govts, says Mohamed Yousef AlSharhan, Deputy Managing Director of WGS Organization
Business

New multilateralism likely to define global trade in 2022: DMCC report

Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also...
  • Geopolitics will shape the trade landscape in the 2020s, building on new developments in regionalism, bilateral trade, and global investment flows.
  • Pent-up demand from the COVID-19 shock is already driving trade in goods; a rebound in trade in services is set to follow.
Business

Emerge, Miral to install solar energy at Abu Dhabi theme park

Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on...
  • The project will have a capacity of 8.2 megawatts (MW) with rooftop solar photovoltaic (PV) systems installed at the theme park.
  • Emerge will provide a full solution including design, procurement, and construction, as well as operation and maintenance services.
Business

Tabadul: GCC region’s first digital exchange hub launched

Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors...
  • Tabadul will be accessible to all investors registered with eligible local brokers and who have filled out the requisite KYC documents required by exchange in their countries.
  • Securities on Tabadul are traded in respective exchange’s local currency, and in specified currency of the traded asset for some cases, with no minimum amount required for orders.
Business

AD Ports Group, SEG sign MoUs

A logistics and freight business and food trading hub will be built in Uzbekistan.
  • The logistics venture will deploy new technology and specialised processes to address the challenges caused by Uzbekistan's double-landlocked geographical location.
  • Based upon the 'Regional Food Hub – Abu Dhabi' currently under development in KIZAD, AD Ports Group will share their expertise towards the food trading hub.
Economy

Saudi non-oil economy shows improvement in June: S&P Global

Saudi Arabia's non-oil economy has recorded a strong improvement in business conditions in June, according to the latest Purchasing Managers...
  • Business has grown at the sharpest rate for eight months, despite evidence that intensifying cost pressures had led companies to mark up their prices
  • At the same time, the report conveyed Saudi Arabia’s rapidly rising costs, an increase in the prices of raw materials and fuel

Iran agricultural, food exports hit US$4.8bn in 10 months

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...
Business

Company News

Latest News

TotalEnergies to start drilling in offshore Lebanese gas project in 2023

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration...
Business

Participation rises in Sharjah Sustainability Award

SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th...
Science

Dubai Multi Commodities Centre launches DMCC Gaming Centre

Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

HUB71 startup community raises $1bn in venture capital

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.
  • The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies
  • Hub71 has built a diverse capital ecosystem of active investment partners ranging from Mubadala Investment Company to over 30 VC firms to family offices
Business

Masar signs $1.86 bn pact for construction of seven hotels in Makkah

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in...
  • Baytur Construction Company appointed main contractor and Al Dar to supervise the implementation.
  • The agreement boasts the famous hospitality brand Kempinski and the international Taj chain for the first time in Makkah.
Economy

UAE asks govt entities to buy locally produced food

The decision has been taken to support local production while the government continues to embrace open trade policy.
  • The decision has been taken to support local production while the government continues to embrace open trade policy
  • The desert country is working on vertical farming under a joint venture between Emirates Flight Catering and US-based Crop One