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.

Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...

Geostrategy

QatarEnergy announces integration of all marketing and related activities

DOHA, QATAR - QatarEnergy has announced the successful integration of all marketing and marketing-related activities formerly managed by QatarEnergy LNG....

Business
Business

GCC banks record 40% spike in profits to $35bn in 2021

The Gulf Cooperation Council’s banking sector profits recorded a 40 percent surge to hit $35 billion in 2021, a report...
  • Despite the surge, profits remain below pre-pandemic levels of $37 billion in 2019
  • Surge in profits is mainly due to an increase in total bank revenue and a decline in loan loss provisions
Business

Bahrain and stc to build region’s first data center park

Bahrain will build the region's first data center park in partnership with stc Bahrain to create an integrated digital center...
  • The park will be developed on 55,000 square meters of land in Al-Qurain
  • The new establishment will contribute to Bahrain’s digital economy in line with the country's national Economic Vision 2030
Business

Dubai Expo draws to a scintillating close

Dubai ended Expo 2020 with a colorful closing ceremony punctuated by fireworks as the UAE leadership vows to 'continue to...
  • Six months after the delayed opening of the $7 billion, purpose-built site, Christina Aguilera, Nora Jones and cellist Yo-Yo Ma performed at the LCD-lit Al Wasl Dome
  • Expo, housed on a circular site twice the size of Monaco, has been a point of pride for Dubai's rulers and one of a number of projects aimed at grabbing world attention
Research

Soaring global urban tech market to benefit KSA: Mastercard report

The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from...
  • The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom
  • The paper highlights 5G, Wi-Fi 6, cloud computing, virtual reality and geospatial technology as focus areas for digital infrastructure to develop cities
Geostrategy

Mohamed bin Zayed, Zelensky discuss Ukraine crisis, negotiation progress

Zelensky expressed his thanks and appreciation to the UAE for being so welcoming to Ukrainian citizens.
  • Zelensky expressed his thanks and appreciation to the UAE for being so welcoming to Ukrainian citizens
  • Sheikh Mohamed stressed the importance of finding peaceful solutions through negotiation, dialogue and understanding
Economy

Unemployment rate in Saudi Arabia reduced to 11 percent in Q4 2021

The unemployment rate among Saudi citizens reduced to 11 percent in the fourth quarter of 2021. The General Authority for...
  • The unemployment rate fell by 0.3 percentage points (pp) from Q3/2021.
  • Also, it lowered by 1.6 pp when compared to a year ago in Q4/2020.
Business

German businesses urged to explore investment opportunities in Sharjah

The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within...
  • A German business delegation attended a forum organized by the Sharjah Chamber of Commerce and Industry.
  • Gulf Cooperation Council (GCC) countries are the seventh-largest export destination for German industry outside Europe.
Business

Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals

Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...
  • As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
  • The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.
Economy

Tunisia facing major structural challenges, weak growth, social inequity: IMF

Tunisia is facing major structural challenges that result in deep macroeconomic disequilibria, a weak growth in spite of its strong...
  • The impact of the pandemic and the war in Ukraine are now adding to these structural challenges, an IMF mission that visited the country said.
  • Initiatives aimed at enhancing competition and the business climate are also critical to unlock the country’s potential growth and job creation, IMF said.
Business

UAE’s first crypto exchange BitOasis gets provisional nod from VARA

BitOasis, a UAE-based Virtual Asset Service Provider (VASP), said on Wednesday it has received provisional approval from Dubai’s Virtual Assets...
  • In the meantime, the company said it will undertake the process of applying for a license in accordance with the VARA requirements.
  • To date, the company has transacted over $4bn in virtual asset transactions on its platform, with approximately  $1.7bn being transacted in 2021.

Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...
Geostrategy

Company News

Latest News

Private school operator Taaleem’s IPO oversubscribed 18 times

Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of  its Initial Public Offering...
Business

UAE Minister discusses economic ties with Caribbean countries

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...
Geostrategy

Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance

Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Saudi crown prince arrives in Thailand on official visit

Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review...
  • Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review a guard of honour.
  • The Saudi and Thai national anthems were played during the crown prince's ceremonial greeting ceremony
Business

Deepening synergies to further strengthen bilateral economic and commercial ties between Sharjah, India

He was speaking at the Sharjah–India Business Roundtable -- organized by the Sharjah FDI Office (Invest in Sharjah), in collaboration...
  • The roundtable sought to promote investment opportunities in competitive sectors and highlighted the range of services and facilities offered by various government organizations
  • With 15,868 Indian firms operating in mainland Sharjah and 10,000 across its specialized free zones, the economic and commercial relations between the two has strengthened
Geostrategy

Abu Dhabi inks MoU with African Union in public health

ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease...
  • The partnership aims to bolster collaboration and information exchange between ADPHC and Africa CDC.
  • The partnership’s priorities include promoting disease information and surveillance.