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.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

COP28 UAE

Astra Tech to launch financial services powered by AI in 2024, says CEO

ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...

Business
Business

ADNOC to pay $342m in dividend

A similar amount was paid for the first half of 2021 in October.
  • The company said it increased its network in the UAE to 462 stations in 2021 and operationalized 40 stations in Saudi Arabia.
  • ADNOC Distribution recorded a net profit of AED2.2 billion and earnings before interest, tax, depreciation and amortization (EBITDA) of AED3.1 billion.
Geostrategy

UAE continues relief air bridge to Ethiopia with 30 tons of food supplies

This is expected to benefit over 7,100 people in the region, including 5,700 women and children.
  • The UAE has reportedly sent nine planes carrying 344.2 metric tons of aid to Ethiopia, helping over 81,000 people, including 65,000 women
  • This year, it has pledged to donate $85 million to support relief operations in Ethiopia, in collaboration with international organizations
Economy

Palestinian trade deficit rose by 1 percent in Jan 2022

Exports decreased in January 2022 by 16 percent compared to December 2021.
  • Exports decreased in January 2022 by 16 percent compared to December 2021
  • The imports, on the other hand, slumped in January 2022 by 3 percent compared to December 2021
Geostrategy

UAE-India CEPA to become operational in one month: Emirati officials

The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.
  • The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services
  • The three-day logistics conference concluded with a valedictory session at the India Pavilion at Expo 2020 Dubai addressed by top officials from both countries
Business

ADH invests $100m in DEWA

Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC.
  • ADH made the investment through its subsidiary Alpha Dhabi Partners Holding LLC, as a cornerstone investor
  • As part of the transaction, Alpha Dhabi Partners Holding LLC will acquire shares through DEWA’s IPO
Arts & Culture

Wadi Wurayah National Park nominated as UNESCO Heritage Site

The UAE’s first mountain nature reserve, Fujairah’s Wadi Wurayah National Park, WWNP, has been put on the UAE’s tentative list...
  • Wadi Wurayah National Park is UAE's first mountain nature reserve.
  • The nomination has been submitted to UNESCO’S World Heritage Centre for assessment on the basis of the Outstanding Universal Value of Wadi Wurayah’s natural heritage.
Economy

UAE and ASEAN review cooperation, discuss regional and international issues

Anwar Gargash, Diplomatic Adviser to the UAE President, discussed cooperation relations with the ambassadors of the member states of the...
  • Anwar Gargash, Diplomatic Adviser to the UAE President, met the ambassadors of the member states of the ASEAN.
  • The meeting was attended by the ambassadors of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam accredited to the UAE.
Research

Tropical forests cool earth’s temperature by a degree, says research

Tropical forests cool the world by more than 1 degree Celsius, increase rainfall, and shield people and crops from deadly...
  • A study shows that the climate benefits of trees go beyond sucking planet-warming carbon dioxide out of the air.
  • Cutting down forests puts at risk the Paris climate accord's goal of capping the rise in global average temperatures at "well below" 2 degrees Celsius.
Economy

Oman’s GDP rises by 16 percent in 2021, crude biggest contributor

Several other activities recorded an increase, namely transport and warehousing by 19.4 percent, wholesale and retail trade by 15.5 percent,...
  • Statistics indicated that this increase is attributed to the rise in the value-added of oil activities at the end of December 2021 by 38.5 percent.
  • The largest share was for crude oil at the end of December 2021, which amounted to RO 8.998 billion, constituting a growth of 46.6 percent.
Economy

Saudi Arabia’s non-oil exports rise by 27 percent in Jan 2022

Saudi Arabia’s non-oil exports increased by 27.5 percent year-on-year in January 2022, rising to SAR 24.1 billion ($6.42 billion) from...
  • The most important non-oil goods were 'Plastics and Rubber and Articles Thereof' (32.7 percent of non-oil merchandise exports).
  • The kingdom’s overall merchandise exports increased by 49.6 percent in January 2022 compared to January 2021.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE

Company News

Latest News

ADIB, ADGM to support growth needs of Abu Dhabi financial community

Abu Dhabi, UAE -- Abu Dhabi Islamic bank (ADIB) and Abu Dhabi Global Market (ADGM) will collaborate to support the...
Business

Masar, BTC Network sign agreement for info center, infrastructure

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah,...
Business

QatarEnergy, Qatargas celebrate loading of 30,000th ship from Ras Laffan

Doha, Qatar---Qatar’s state-owned QatarEnergy and Qatargas, the world's largest liquefied natural gas (LNG) company, celebrated the loading of the 30,000th...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Arada to participate in Gulf’s largest real estate show, Cityscape Dubai

Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the...
  • Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the strong investor demand for property in the UAE
  • Arada has so far launched three master-planned communities with a total value of AED 33 billion, making it the largest developer in Sharjah
Science

Kuwait sets 2060 as date to reach carbon neutrality

Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across...
  • According to Kuwait's Environment Public Authority chief, Kuwait intends to embrace a national strategy to achieve the target
  • The chief said the country is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry
Economy

UAE Cabinet approves penalties for flouting Nafis initiatives, programmes

Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the...
  • Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the economy
  • If an establishment undertakes fake Emiratisation, a fine of no less than AED20,000 and not more than AED100,000 for each Emirati employee will be imposed