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.

Saudi Arabia, Belarus ink MoU to boost trade, investment

RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...

Geostrategy

Ahli Islamic signs agreement with AAOIFI to support Islamic banking

MUSCAT, OMAN - As part of its ongoing efforts to support the Islamic banking industry, ahli Islamic signed a Memorandum...

Business
Interview

With $22bn in bilateral trade, UAE-US economic ties set to grow

The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the...
  • The US exports to the UAE touched $16.7 billion last year
  • Sebright said that the Business Council has been promoting the partnerships between the US and the UAE in space since day one of the UAE’s nascent space exploration program
Economy

Abu Dhabi tops list of capitals with least traffic congestion for 2021

The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion...
  • The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day
  • Abu Dhabi recorded 11 percent congestion level, reflecting the impact of the integrated traffic management plan implemented by the Department of Municipalities and Transport
Business

ADC to start trading on ADX

The firm was established by ADQ and Chimera Investment.
  • Trading follows the conclusion of ADC's public subscription to retail and professional investors
  • The listing of ADC offers target businesses the opportunity to access capital in Abu Dhabi's capital markets
Business

Dubai records $2.36 billion in weeklong real estate transactions

Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during...
  • Dubai Land Department said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion.
  • The total value of mortgaged properties for the week reached AED2.02 billion and 89 properties were granted between first-degree relatives worth AED413 million.
Business

Gulf Print and Pack 2022 concludes, records deals worth $6.8m

The Gulf Print and Pack (GPP) 2022 concluded at the Dubai World Trade Centre, recording deals worth more than AED...
  • GPP organisers said the decision to move from a four-day show in past editions to a three-day event in 2022 was vindicated with daily attendance increasing by 15 percent.
  • Sales of machinery and equipment were the biggest contributors to the total, with Canon closing over $2.5 million in sales and Kodak reporting in excess of $1 million.
Business

Al Seer buys two new ships

The firm, a subsidiary of IHC, acquired the vessels for AED246m.
  • The company, which is pursuing an expansion strategy to become a major world leader in commercial shipping, is looking to buy up to 15 ships in 2022
  • In its latest transaction, Al Seer Marine has purchased LPG tankers, MT Alcor and MT Alkaid, each with a capacity of 20,700 cubic meters
Arts & Culture

Saudi Arabia launches 40% cash rebate for film productions

The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia.
  • The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia
  • The commission called on Saudi and international production companies that are planning to shoot in the oil-rich kingdom to apply for the incentive program
Business

Cloudflare of US sets up shop in Dubai Internet City

With the entry of Cloudflare, a top-rated American content delivery network, into its rapidly expanding zone, Dubai Internet City has...
  • Cloudflare announced Dubai as its first office in the Middle East to support its growing EMEA operations
  • In 2021, Dubai led the world in attracting foreign direct investment (FDI) with a record number of 418 greenfield FDI projects
Economy

Three Saudi ports make world records on CPPI 2021

The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
  • The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
  • The King Abdullah Port ranks first on the list of 370 global ports, while Jeddah Islamic Port ranks eighth
Economy

UAE to fund interest on home loans for its nationals

The UAE has decided to fund interest on home loans obtained by its nationals from banks "to ensure economic well-being...
  • Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has revealed that the UAE Cabinet has endorsed a new policy for UAE nationals home finance
  • The minister made the remarks in a briefing organized by the Ministry of Energy and Infrastructure, represented by SZHP

Saudi Arabia, Belarus ink MoU to boost trade, investment

RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...
Geostrategy

Company News

Latest News

Natural disaster losses hit US$115 bn this year, says Swiss Re

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
Science

Singapore has highest number of crypto job openings

Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
Business

Gulf countries seek to procure India’s BrahMos missile

Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arts & Culture

Muslim World League, Columbia University launch International Religions Lab

The lab will be a global platform for research and training in protecting societies from all forms of hatred.
  • The lab will be a global platform for research and training in protecting societies from all forms of hatred
  • Secretary General of the MWL Dr Al-Issa said it was important to create a world of more understanding, cooperation and peace
Business

DMCC signs agreement with Poland’s KSEZ to boost business ties

Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create...
  • The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities
  • DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses
Business

Strata announces new collaboration with Pilatus

The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...
  • The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata
  • Strata’s operations for Pilatus will be extended to feature 3 WPs for Pilatus PC-12 and PC-24, crafted with Strata’s signature use of Carbon Fiber