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.

Experts at GALF call for consolidating data to formulate policies

A panel deliberated on the advances in integrated, automated, electric mobility in the airport environment.
  • A panel deliberated on the advances in integrated, automated, electric mobility in the airport environment
  • The world’s largest airport industry B2B platform has a sharp focus on sustainability to help the aviation industry reduce carbon footprint year on year

Saudi Foreign Minister meets Algerian counterpart

Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening.
  • Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening
  • The two sides also discussed views on enhancing joint cooperation in many aspects, in addition to exchanging views on the latest regional and international events

Egypt to host 2022 annual meetings of Islamic Development Bank

The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in...
  • The meetings this year are being held to deliberate major economic and geopolitical developments characterized by the noticeable decline in the COVID-19 pandemic
  • The meetings will provide an opportunity to study and explore ways to further consolidate economic relations amongst IsDB member countries

TOP CEO 2022 Winners List: And the award goes to…

The most transparent and credible business awards in the Arabian Gulf celebrate leaders of the stock market-listed companies in the...
  • The 6th edition of TOP CEO Conference and Awards ended on Wednesday evening with a promise to return in 2023
  • The first day of the conference is branded as Arab Women Forum while the second day was more about hardcore business

Dubai issues 32,564 Instant Licenses since launch of initiative in Aug 2017

A total of 32,564 Instant Licenses have been issued by the Business Registration and Licensing (BRL) unit at the Department...
  • Instant licenses could be secured in a single step within five minutes through invest.dubai.ae platform.
  • While 59 percent of these licenses were professional, 41 percent were commercial.

ADNOC and Borealis AG to list 10% of Borouge plc on ADX

ADNOC and Borealis AG will list 10 percent of Borouge plc, a joint venture between the two companies, on the...
  • Borouge is one of the world's leading providers of innovative and differentiated polyolefin solutions for the agriculture, infrastructure, energy, advanced packaging, and mobility
  • ADNOC has already embarked on a major expansion drive in this space, including the recently announced Borouge 4 complex and the TA'ZIZ Industrial Chemicals Zone in Ruwais

Yalla Group Q1 revenue is Dh 265m

Yalla is leading UAE-based voice-centric social media platform.
  • The revenue of AED 190.5 million was generated from chatting services
  • The revenue posted by games services was estimated at AED 74.6 million

UAE to build LNG plant with capacity to produce 9.6m tons

The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to...
  • The project, to be built at Fujairah, would more than double its export capacity as the demand surges
  • the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf

Experts set strategies for ‘The Great Business Reset’

Officials, top executives and experts at the TOP CEO Conference in Dubai brainstorm on ways to stabilise economies and secure...
  • Among other issues, the last day of the event focused on how unstable global economic cycles, regional conflicts, and health risks shall be dealt with to make the economies prosper
  • 'The Inflation Monster session' at the event explored the options before the governments and central banks of the region to handle the rising prices

Dubai Airport retains position as world’s busiest

The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of...
  • The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority
  • The future projects at the airport include Unmanned Traffic Management, Scheduled UA operations, Night Operations, Multiple Unmanned Aircraft Operations among others

Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’

DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...

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All regions experienced water extremes in 2021, says UN

GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...

EU spent €15.2bn on imports of green energy products last year

The trading bloc also exported green energy products worth €6.5 billion to countries outside the EU.

GCC banks earned $18.6bn in interest income in Q3: Kamco

During Q3-2022, non-interest income declined to a four-quarter low of $7.4 billion as compared to $7.8 billion during Q2-2022.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Kuwait Central Bank Issues Bonds, Tawarruq worth $792 million

The new securities bear a maturity term of six months and a return rate of 4.25 percent.
  • The new securities bear a maturity term of six months and a return rate of 4.25 percent.
  • Earlier on November 2, the Central Bank of Kuwait held its policy rate at 3 percent

Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange

The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.
  • The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively
  • The institutional offer was oversubscribed 65.5x, resulting in an aggregate oversubscription level of 58x

European Education Area to take EU-UAE learning cooperation to the next level, says top official

It will open opportunities for Emirati youth to study in European Union, further strengthening the existing people-to-people ties, adds Margaritis...
  • The European Education Area offers a potential multi-level cooperation between the European Union and the United Arab Emirates, said a top EU official
  • It will open opportunities for Emirati youth to study in European Union, adds Margaritis Schinas, adds VP of the European Commission for “Promoting Our European Way of Life”