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.

Russia’s Putin offers assistance in Gaza Strip de-escalation

MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...

Geostrategy

Sidra Medicine, GlobeMed Qatar sign pact on medical services

DOHA, QATAR – Sidra Medicine and GlobeMed Qatar have signed an agreement to offer eligible insured members of payers contracted...

Business
Economy

Lebanon, its central bank have gone bankrupt, says Deputy PM

In the first official admission, Saadeh al-Shami said the losses have occurred and the government will try to reduce losses...
  • Lebanon has been grappling with an unprecedented economic that the World Bank says is usually of scale associated with full-scale wars.
  • The country’s currency has lost 90 percent of its value, making it difficult for people to access basic necessities. Lebanon has not been able to afford consistent fuel imports.
Business

ACWA Power and partners begin work on green hydrogen project

ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.
  • The partners announced a $900 million contract for the engineering, procurement and construction of the project
  • In July 2020, Air Products, together with ACWA Power and NEOM, announced an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility
Business

Stc to buy stake in Giza

The firm will buy controlling stake for $158 million.
  • the Saudi company will buy 89.49 percent of Giza Systems from Inergia Technologies for Information Systems, in addition to 34 of Giza Arabia, a subsidiary of Giza Systems
  • It's subject to approval from the authorities in Saudi Arabia and Egypt, the company added
Economy

UAE announces $2m prize for startups in agritech innovation

The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform...
  • The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen.
  • It is targeted at early-stage start-ups, ranging from international university-based research teams to individual entrepreneurs and small firms.
Business

Industries Qatar, Mesaieed Petrochemical Holding to establish PVC plant

Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the...
  • Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production
  • The plant will not only boost private sector industrial investments, but also provide a home-grown source of PVC
Business

76.5% of firms in Dubai recorded growth during Expo 2020: Report

Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting...
  • Titled, 'Business Integration for Growth, Digital Transformation and Global Partnerships' the report was developed by the Chamber in collaboration with Oxford Business Group
  • Dubai Chamber of Commerce organized 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries
Economy

UAQ signs agreements to support blue economy strategy

The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its...
  • In 2017, the World Bank defined blue economy as the ‘sustainable use of ocean resources for economic growth, improved livelihoods, and jobs’
  • The aim of UAQ’s Sustainable Blue Economy Strategy is to enhance investment attractiveness while developing the natural, cultural, and human wealth
Videos

UAE, Saudi Arabia in key global pension index

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension...
  • A good pension scheme could help a person retire with varying degrees of financial independence
  • It depends on factors like their monthly pension amount, passive income, and overall expenditure
Economy

Jordan saw its GDP grow 2.2% in 2021 as compared to 2020

The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.
  • The country’s GDP inched up by 2.6 percent in the fourth quarter of last year compared to the same period in 2020
  • The construction sector expanded 6.1 percent in the reporting period, followed by the extractive industries at 5.6 percent
Geostrategy

Saudi Arabia pledges support for Yemeni-Yemini consultations, truce

Saudi Deputy Minister of Defense Prince Khaled bin Salman bin Abdualziz reaffirmed his country’s commitment to establishing security, peace and...
  • "The Kingdom of Saudi Arabia hopes that the truce will contribute to the political efforts to reach a political settlement," Prince Khaled said
  • The Yemeni Prime Minister and the members of his cabinet valued the continuous support provided by the Kingdom of Saudi Arabia for the Yemeni people

Russia’s Putin offers assistance in Gaza Strip de-escalation

MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...
Geostrategy

Company News

Latest News

FIFA World Cup 2022: Third floating hotel arrives at Doha port

MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious...
Business

GCC, Bangladesh ink MoU to strengthen economic cooperation

The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.  
Economy

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...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

GCC renews commitment to strengthen ties with EU

Manama, Bahrain—The Gulf Cooperation Council (GCC) has stressed the importance of strengthening ties between the GCC and the European Union...
  • During the meeting, a number of issues of common interest were reviewed, and GCC-EU relations were reviewed
  • The file of free trade negotiations between the two sides was also reviewed, and the importance of inviting technical teams to review their developments
Geostrategy

Several MoUs give a boost to Saudi-Thai relations

The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as...
  • The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption
  • Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz and Thai Prime Minister General Prayuth Chan-ocha also discuss ways to develop bilateral ties
Business

Qatar eyes investments ahead of FIFA World Cup

"We seek to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to...
  • The Qatar Free Zones Authority is intensifying cooperation with all concerned agencies in the country to make the FIFA World Cup Qatar 2022 a success, says official
  • Qatar seeks to boost long-term partnerships between local and foreign investors to enhance added values and boost the economic diversification objectives, he adds