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.

ADQ, ADNEC Group sign agreements

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

Business

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...

Economy
Economy

Qatar’s Ministry of Labor launches package of electronic services

Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of services
  • Qatar's Labor Ministry unveils electronic services for enhancing digital transformation and automation
  • The electronic services will speed up transactions and streamline procedures, says Labor Ministry
Arts & Culture

UAEU initiates research program to support scientific activities

The funding for each project ranges from AED 250,000 for literary, social, and humanities proposals to AED 400,000 for other...
  • The initiative aims to support scientific research and empower faculty members to achieve distinction in scholarly activities
  • The university is likely to support the dissemination of the outcomes of research projects at international conferences
Economy

Food prices fall in May after hitting record high in March, cereal production may drop

World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...
  • FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose
  • Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO
Science

Saudi Space Commission to launch ‘Madar’ training program for students, workers

Saudi Space Commission will help and train 1,000 students and workers about space to national capabilities, cadres and skills in...
  • Saudi Space Commission will teach 1,000 male and female trainees from various scientific specialties about the space sector
  • The program aims at raising the level of knowledge by providing theoretical and practical courses in the space sector
Economy

Kuwait wants Schengen visa exemption for its citizens

Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted.
  • Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted
  • Al-Ghanim said the Kuwaiti delegation responded to many questions on issues like human rights and women empowerment
Business

KSA teams up with Novartis to ramp up pharmaceutical capacity

Saudi Arabia has partnered with Novartis, the Swiss pharmaceutical company, to ramp up the kingdom's bio pharmaceutical capacity.
  • Novartis’ contribution to the kingdom’s gross domestic product is expected to reach $857 million by 2024
  • The parties aim to build local talent and capabilities as they aspire to reach 75 percent Saudization
Economy

UAE, Jordan, Egypt ministers discuss roadmap for new partnership

Less than a week after the signing of the Industrial partnership for Sustainable Economic Growth, ministers from the UAE, Egypt...
  • The Ministers discussed time frames for implementing the initiatives and how their performance can be measured
  • The members approved the appointment of Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, as Secretary-General of the tripartite higher committe
Business

UAE-based Grubtech ramps up international expansion

Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years...
  • Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years ago
  • The company recently secured $13 million in Series A funding to support its aspirations to become the platform of choice for restaurants and cloud kitchens
Business

ENEC, KEPCO discuss cooperation in nuclear sector, ways to curb carbon emission

The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab World
  • ENEC, KEPCO discussed prospects for future cooperation and exploring the opportunities available in the nuclear energy sector
  • The overall completion rate of the Barakah Plant is now over 97 percent and the first and second units are producing electricity
Economy

UAE Healthcare charity to receive donations in crypto

Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate...
  • Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good
  • According to Chainalysis, the Middle East is one of the fastest-growing cryptocurrency markets in the world, making up seven per cent of global trading volumes

ADQ, ADNEC Group sign agreements

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

Company News

Latest News

Innovation key to fairer world for people of determination, says UN chief António Guterres

Innovation and technology can be powerful tools for inclusion, enhancing access to information, education, and lifelong learning, opening new avenues...
Arts & Culture

German government to stop unjustified energy price increases

BERLIN, GERMANY - The German government aims to put a stop to energy price hikes it sees as unjustified with...
Business

UN report warns global food crises likely to increase

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Fans without tickets can attend World Cup matches after group stage ends

Doha, Qatar---World Cup fans without tickets can travel to Qatar and watch the rest of the matches after the group...
  • Qatari authorities said Early December feature, which allows fans without tickets to apply for a Hayya Card, will be valid after midnight on Dec. 2.
  • Fans will need to show proof of accommodation and pay an entry fee of QAR 500 ($137) to obtain the Hayya Card and enter Qatar. Children under 12 will not be charged.
Geostrategy

Ukraine welcomes Russian oil price cap agreed by EU, G7

Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...
  • Poland had refused to back the price cap plan over concerns the ceiling was too high.
  • The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.
Business

US unveils high-tech B-21 stealth bomber

PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...
  • Many specifics of the aircraft are being kept under wraps.
  • The plane will offer significant advances over existing bombers in the US fleet.