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.

Dubai Financial Services Authority inks MoU with Central Bank of Mauritius

The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision.
  • The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision
  • The two authorities will foster open dialogue on operational and technology risk supervision and anti-money laundering

ACI exports up 50% in Q1

The growth was driven by medical supplies, dermatology, knitting sector.
  • The United States, India, Saudi Arabia and Iraq imported JD940 million worth of ACI exports, which is more than half
  • India came first with JD373 million imported in the first quarter of 2022 compared to JD157 million in the same period of 2021

Japan grants $3.35m emergency aid to Gaza Strip

Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians.
  • Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians
  • The humanitarian situation in Gaza Strip has significantly deteriorated due to the COVID-19 pandemic and floods

Saudi Arabia launches platform with Homeland of Dates tag

The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.
  • The National Center for Palms and Dates in Saudi Arabia has launched a platform called Saudidates
  • The platform is one of the center’s projects to invest in the history and culture of the kingdom

Saudi Arabia to import 625,000 tons of wheat later this year

The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from...
  • The Russian invasion of Ukraine has threatened the food supply of not just Saudi Arabia but the entire Middle East and North Africa region
  • Saudi Arabia buys wheat, beef, and milk from both Ukraine and Russia and relies on them for various products, particularly agricultural products

WHO data shows billions of people still breathe unhealthy air

A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in...
  • A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in them are still breathing unhealthy levels of fine Particulate Matter
  • The findings have prompted WHO to highlight the importance of curbing fossil fuel use and taking other tangible steps to reduce air pollution levels

Saudi Arabia adds two marine tankers to its naval fleet

The Public Transport Authority announced the launch of two new Saudi-flagged marine tankers: "Sara" and "Hessa". Both were recently registered...
  • The new giant ships of the Saudi naval fleet bring the tally of national ships carrying the Saudi flag to 426.
  • The marine tankers named "Sara" and "Hessa" were registered at King Abdulaziz Port in Dammam.

DFF to support tech startups in luxury retail challenge

Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support...
  • The challenge is to utilize the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers.
  • The challenge is part of the Future of Luxury Retail start-up incubation program, organized by Dubai Future Accelerators, an initiative by the DFF.

Gulf Air, Texel Air sign MoU

They will explore charter agreements, engineering and maintenance activities.
  • Texel Air is a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013.
  • It is dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.

IDC forecasts Saudi ICT spending to touch $33bn in 2022

The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a...
  • The Saudi technology sector expanded 8 percent between 2019 and 2021, to reach a value of $32.1 billion
  • The global market intelligence provider has also described the Saudi ICT sector as one of the most rapidly growing markets in the region

Israel must be held accountable for its actions, says Palestinian PM

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...

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FIFA World Cup Qatar will be the best, says Infantino

Regarding the rights of workers, it is unfair that the world does not see the great progress and clear development...

GAL-AMMROC, GMF ink pacts

The pact were inked during the B20 Summit in Bali, Indonesia.

Sharjah International Travel and Tourism Forum to begin Nov 24

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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GCC, Bangladesh ink MoU to strengthen economic cooperation

The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.  
  • The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022
  • The GCC is a regional, intergovernmental, political, and economic union

Blinken to visit Doha to launch US-Qatar Strategic Dialogue

Washington, US— US Secretary of State Antony Blinken will travel to Qatar on November 21 to launch the fifth annual...
  • State Department Spokesperson Ned Price said in a statement that Blinken will meet with senior Qatari officials
  • The statement added that the US top diplomat will also "recognize Qatar's important contribution to international sports diplomacy as it hosts the World Cup

ADGM partners with ADIB, RAKBANK, Wio Bank to support Abu Dhabi businesses

The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM.
  • The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM
  • The week-long event serves as a platform for in-depth conversations around the MENA region’s thriving financial sector