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.

UAE presents its maritime contributions at IMO meet in UK

DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...

Business

UAE approves Dubai Metro Blue Line project

DUBAI, UAE - Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has approved the...

Geostrategy
Business

Dubai to list DEWA in the biggest IPO by April

In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's...
  • Dubai Electricity and Water Authority plans to float 3.25 million shares, or a 6.5-percent stake, by April in what is expected to be Dubai’s biggest ever listing
  • The retail offering subscription will run from Mar. 24 until Apr. 2, while the qualified investor offering period will be from Mar. 24 to Apr. 5
Business

Emirates to launch daily flights to Israel from June 23

Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...
  • Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.
  • The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.
Business

Foxconn and Saudi in talks to create microchips manufacturing facility

Foxconn Technology Group and Saudi Arabia are expected to jointly build a $9 billion facility that can make microchips, electric-vehicle...
  • The facility expected to be constructed by both is said to worth $9 billion.
  • Foxconn, which is a supplier to Apple Inc., is yet to confirm the deal.
Economy

UAE disburses $2.17bn in insurance expenditure among beneficiaries

UAE’s estimated insurance expenditure reached more than AED8 billion ($2.17 billion) in 2021 an increase of AED499.4 million in comparison...
  • The number of pensioners in Sharjah amounts to 6,692 (26 percent), while the number of pensioners in Dubai is 5,892 (23 percent).
  • At 16,597 (65 percent) female pensioners outnumbered male pensioners who totaled 8,786 (35 percent).
Business

Egypt and Lockheed Martin look to boost defense ties

Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.
  • Mohamed Ahmed Morsi, Egypt’s minister of state for military production, held talks with Raymond Piselli, vice president of Lockheed Martin
  • Morsi noted that Egypt’s growing presence in the field of security and defence is the result of economic reforms undertaken by Egypt
Business

Emirates NBD launches website to support IPOs on DFM

Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with...
  • Emirates NBD’s IPO platform has built-in real time subscription payment capabilities for UAE investors and wire transfer capabilities for non-UAE investors.
  • The seamless, single interface enables completely paperless subscription in five simple steps making the process simpler and paperless.
Business

Dana Gas to pay 4.5 fils per share

The total dividend paid for 2021 now stands at 8 fils.
  • For the full year 2021, the company achieved a net profit of AED1.2 billion ($317 million)
  • The Company's collections in 2021 were the highest ever at AED1.4 billion ($377 million), and the year-end cash position stood at AED678 million ($185 million).
Business

Playa Hotels inks Saudi resort deal

It will set up facilities along the Arabian Gulf and the Red Sea.
  • Playa signed an agreement regarding the resorts with Saudi’s Tourism Development Fund on Monday
  • This will contribute to enhancing the distinctive tourism experience and create local job opportunities
Economy

Saudi inflation shoots up to 1.6%, fueled by higher food cost

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for...
  • Inflation for January stood at 1.2 percent. In February, prices for gasoline 91, gasoline 95 and diesel grew 26.7 percent, 25.9 percent and 21.1 percent year-on-year, respectively
  • The annual growth in prices for the transportation sector as a whole slowed to 4.3 percent in February from 4.9 percent in January
Economy

Saudi Arabia to inject $152 billion into economy by 2030

Saudi National Development Fund will inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030, Saudi Arabia’s Crown Prince...
  • The Crown Prince said that it will contribute to tripling the share of non-oil GDP to SR605 billion over the same period
  • NDF, through its funds and development banks, will increase the participation of the private sector in the GDP by three-folds by 2030

UAE presents its maritime contributions at IMO meet in UK

DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...
Business

Company News

Latest News

Addressing climate change global responsibility

"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages...
Economy

UAE to launch feature-rich, faster EmaraTax platform on Dec.5

Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to...
Business

Sustainable food cold chains reduce waste, fight climate change, says UN report

Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

G20 health, finance ministers agree to launch US$1.4bn pandemic fund

The G20 health ministers have agreed to establish a pandemic fund.
  • The fund will be commonly used to fix the health system and close the budget gap for the following five years.
  • Up to 20 donor countries and three philanthropists have expressed willingness to contribute to the effort to raise "pandemic fund" totaling US$1.4 billion.
Science

COP27 focuses on ways and means to feed 8 billion people

The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.
  • A series of sessions and initiatives shed light on pathways forward on adaptation and climate resilient agriculture.
  • The focus comes at a particularly challenging year for food security.
Business

Invictus 9M net profit $105m

The firm reported a 125 percent increase in its revenues.
  • The company attributed the results to “a continual focus on geographical location expansion, and a sustained rise in trade volume and revenues across all product lines”.
  • This year, the company introduced fertilizers which added over AED 140 million to revenues.