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.

Mammoet, Aertssen sign agreement

The two firms will provide heavy-lifting solutions in Qatar.

Business

ADQ, ADNEC Group sign agreements

They will buy 40.5% stake in TMG Holding’s hospitality business.

Business
Business

Credit businesses need to increase access to finance: EDB CEO

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking...
  • Ahmed Mohamed Al Naqbi was speaking at Bonds, Loans & Sukuk Middle East 2022, which was held in Dubai.
  • Bonds, Loans & Sukuk Middle East Bonds hosted 70-plus speakers, 550-plus sovereign, corporate and financial institution borrowers and 200-plus investors and lenders.
Business

ADU Holding rebranded NEMA

NEMA Holding to establish academic arm, NEMA Education.
  • NEMA Education's portfolio includes several higher education institutions and professional training companies, including Abu Dhabi University.
  • NEMA Education has over 10,000 students across its educational institutions and thousands of others who receive professional training through its training institutions.
Geostrategy

One third of humanity is still totally offline: UN report

The Global Connectivity Report 2022 argues that while easy, affordable access to fast broadband is near-ubiquitous in most rich-world nations,...
  • The report advocates for putting 'universal and meaningful connectivity' at the center of global development.
  • The cost of broadband subscriptions and digital devices remains a major barrier to connectivity, the report says.
Business

DP World to run Southampton terminal on vegetable oil

DP World's Southampton container terminal will now be run on vegetable oil instead of the usual diesel fuel to scale...
  • Diesel previously accounted for 90 percent of the terminal’s emissions but Hydrotreated Vegetable Oil (HVO) eliminates more than 80 percent of net carbon dioxide emissions
  • DP World first trialed HVO last year, using the fuel in its forklift trucks, reefer (refrigerated unit) generators and straddle carriers
Economy

UAE adopting membrane technology to desalinate water

In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050.
  • In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050
  • In 2018, the country put into action the National Water Security Strategy 2036
Geostrategy

Crown Princes of Kuwait and Jordan hold bilateral talks

Jordanian Crown Prince Al Hussein bin Abdullah II discussed bilateral ties with Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al...
  • Both sides discussed the importance of enhancing diplomatic relations to expand partnerships in all the fields between Jordan and Kuwait
  • The two agreed to continue maintaining coordination and consultation between the two countries for issues of mutual interest and joint Arab action
Economy

Baghdad Metro project to be included in Iraqi budget

The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases.
  • The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases
  • There are several projects to relieve the traffic bottlenecks, including the five entrances to the capital project, a government spokesman said
Economy

UAE secures 32% of Japan’s crude oil needs in April

The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that...
  • The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels
  • Ninety three percent of this originated from seven Arab countries: UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and Algeria
Economy

Saudi GDP up nearly 10 percent in Q1 on oil activities

The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of...
  • The GDP Report for Q1 2022 was released by the General Authority for Statistics (GASTAT).
  • The growth in Saudi's GDP is due to a surge in oil activities by 20.3% in Q1 2022 compared to Q1 2021.
Business

EQT X, Mubadala to buy Envirotainer

Envirotainer is the global provider of transportation of biopharmaceuticals.
  • EQT Private Equity and Mubadala said they will seek to support Envirotainer in its next growth phase by accelerating expansion in APAC.
  • Envirotainer has a fleet of circa 6,700 containers globally and approximately 375 employees in 20 countries.

Mammoet, Aertssen sign agreement

The two firms will provide heavy-lifting solutions in Qatar.
Business

Company News

Latest News

Salaries, work environment, job security top UAE job features for 2023

The least important factors reportedly are aesthetics of the company such as the logo and website design and positive media...
Economy

UAE President visits Qatar in sign of improving ties

Ending a yearslong estrangement between the two countries, the UAE President Sheikh Mohamed bin Zayed will arrive in Doha today...
Geostrategy

Jordan PM launches women empowerment strategy

This strategy aims to eliminate all forms of gender-based discrimination.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

EU spent €11.8 billion on imports of non-plug-in hybrid cars in 2021

Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports...
  • Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports of hybrid and electric cars (55 percent)
  • Electric cars are an important part of the energy transition and they are becoming increasingly popular, with international trade in hybrid and full electric cars on the rise
Economy

UAE secured 40% of Japan’s crude oil needs in October

94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain...
  • 94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman
  • Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply, according to the IEA
Business

Stage set for UAE-Japan business council as Abu Dhabi secures 40% of Tokyo’s crude oil requirements

The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the...
  • The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023
  • The amount of crude that Japan imported during that month amounted to 84.58m barrels, of which 80.10m barrels, originated from five Arab countries