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.

Air travel recovery gathering steam as Covid restrictions eased: IATA

The accelerated growth recorded in February 2022 compared to a year ago, is helping passenger demand catch up to 2019...
  • The traffic of Middle Eastern airlines rose 215.3 percent in February compared to February 2021
  • This was well up compared to the 145.0 percent rise in January 2022, versus the same month in 2021

‘Islam forbids infringement on intellectual property rights’

The Committee for Ifta pointed out that ideas have value according to the regulations issued in this regard, and therefore...
  • The Committee for Ifta pointed out that ideas have value according to the regulations issued in this regard, and therefore an infringement on them is not permissible
  • The Committee warned against taking possession of the intellectual rights of others, benefiting from them, or taking compensation for them except with the permission of their owner

EGA, Ma’aden tech cooperation

The two will explore potential collaboration in the aluminum value chain.
  • The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain
  • EGA has developed its own aluminum smelting technology for more than 25 years.

DFSA regime to provide whistleblowers enhanced legal protection

Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...
  • DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.
  • The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.

KSA: Third Covid wave saw one death per 100,000 infections

The first wave of the pandemic spanning April to the end of November 2020 witnessed 267 deaths for each 100,000...
  • The first wave of the pandemic spanning April to the end of November 2020 witnessed 267 deaths for each 100,000 cases
  • During the second wave between March and August 2021 the death rate lowered to 99 cases for each 100,000 infections

dnata to expand cargo operations into Germany by acquiring Wisskirchen

dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government...
  • dnata has executed agreements with the owner of Wisskirchen, Oliver Hellwig, to acquire 100 percent of the shares in the company
  • The acquisition is subject to approval by the Federal Ministry for Economic Affairs and Climate Action in Germany

ADDC, Abu Dhabi University join hands for energy innovations

The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum...
  • The cooperation aims to promote ties between both entities through training programs and knowledge exchange
  • The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU

SFDA, SBA partner to create media content on health, food

The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications
  • The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications
  • The areas of cooperation include educating consumers on the safe use of cosmetic products, making television programs and providing visual and audio content

Saudi Arabia hosts annual joint meetings of Arab financial institutions

The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King...
  • The Arab financial institutions hold these annual meetings to review the performance of each entity and the topics on its agenda
  • The meetings also reportedly contribute to financing development projects in vulnerable countries

Middle East and Africa may add 14 GW of wind power capacity

The Middle East and Africa can add 14 gigawatts of new wind power capacity in the next five years, according...
  • Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition
  • The report said 2021 was the second-best year ever for the global wind industry after 2020 with almost 94 GW of capacity added

Russia, Saudi say sovereign Palestine state vital for regional peace

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...

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Sheikh Zayed Festival to air World Cup matches for fans

Abu Dhabi, UAE— The Sheikh Zayed Festival will provide a number of screens for the regular airing of the FIFA...

China’s natural gas output up 12.3% in October

The country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago.

Qatar’s IPI increases by 4.9 percent in September

Doha, Qatar— The Industrial Production Index (IPI) of Qatar has increased by 4.9 percent in September of 2022 when compared...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Qatar calls for ‘civilized communication’ as FIFA World Cup opens with fervor; host nation loses first match

Fireworks, cultural performances add to the grand opening ceremony attended by regional leaders, heads of delegations and sports panels and...
  • Fireworks, cultural performances added to the grand opening ceremony attended by regional leaders, heads of delegations and sports committees and federations, dipomats and fans
  • Qatar becomes the first home team to lose its opening World Cup match as Ecuador cruises to a 2-0 victory over the host

Abu Dhabi launches smart manufacturing index

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index',...
  • The Index empowers manufacturers with the necessary knowledge and training to initiate an Industry 4.0 transformation journey.
  • It breaks down sophisticated concepts into six building blocks to provide a clear and easy-to-follow roadmap.

Mawani announces new freight service at King Abdulaziz Port

Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port...
  • The service connects King Abdulaziz Port with six major regional and international ports.
  • This coincides with the launch of the added EJBS service from the Emirates Shipping line.