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.

EDB commits US$350m for renewable energy projects in developing countries

ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...

Business

Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt

RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...

Business
Economy

UAE Banks Federation urges businesses to benefit from SME Campaign

UAE Banks Federations (UBF) has called upon the entrepreneurs of existing and under-formation Small & Medium Enterprises (SMEs) to unlock...
  • UBF Director-General, Jamal Saleh, explained that such initiatives will help UAE SMEs become a driving force for a thriving economy.
  • SMEs are encouraged to tie up with reliable UBF members' banking partners who will grant them privileged access to customized business banking services and solutions.
Business

Oman Insurance reports highest net profit

The company’s net receivables ratio of 15.4 percent is at an all-time high, reflecting a strong emphasis on generating free...
  • The company’s net receivables ratio of 15.4 percent is at an all-time high, reflecting a strong emphasis on generating free cashflows
  • The company’s solvency capital requirement before the proposed dividend reached its highest level of approximately 275%
Business

Saudi-European Forum for investors in camel sector kicks off in Riyadh

The forum witnessed the attendance of businessmen and owners from the Kingdom and the GCC countries and employees of the...
  • The forum witnessed the attendance of businessmen and owners from the Kingdom and the GCC countries and employees of the Chambers of Commerce
  • The participants watched an introductory video presentation about the International Camel Organization and the Camel Club
Geostrategy

KSA, Greece partner to support growth of digital economy

The two countries discussed cooperation in establishing an advanced digital infrastructure.
  • The two countries discussed cooperation in establishing an advanced digital infrastructure
  • Partnership was reviewed between Saudi IT Minister Eng. Abdullah bin Amer Al-Sawaha and the Greek minister Adonis Georgiadis
Business

Sharjah Ramadan Festival to offer deals and discounts

The festival is organized by the SCCI in cooperation with local government departments, bodies, institutions, and the private sector.
  • The 32nd edition of the festival comes after the SCCI launched an integrated strategy under the theme Sharjah Offers
  • It will apparently feature activities to promote the experience across various regions and cities of Sharjah during Ramadan
Infographics

GCC countries lead the world in remittances

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.
  • Member nations of the GCC have always had a healthy representation of immigrants in their workforce
  • As a result, these countries also see some of the largest amount of remittances sent out of them
Business

Qatar signs air services agreement with Jordan

The agreement is said to have been formally signed in Qatar’s capital city Doha.
  • The Acting Chairman of Qatar’s General Authority of Civil Aviation, Mohammed Al-Hajri, inked the deal for his country
  • Jordan’s Civil Aviation Regulatory Commission CEO Haitham Misto signed the agreement on behalf of his country
Business

UAE e-commerce hits $5bn in 2021, may surpass $8bn by 2025

E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025,...
  • More consumers in the UAE made online purchases across all categories during 2021, compared to 2020, with 75 percent of respondents typically purchasing online.
  • The UAE and Qatar are on top, with GDP-per-capita above $40,000 and internet penetration above 90 percent.
Business

NYU Abu Dhabi to host first Quantum Computing Hackathon

NYU Abu Dhabi (NYUAD) will host the region’s first-ever Quantum Computing International Hackathon with a focus on innovation, entrepreneurship, and...
  • This year, more than 200 participants from more than 30 countries will convene at NYUAD and learn about quantum computing and quantum-based technologies
  • Experts from businesses including Microsoft, AstraZeneca, IBM, AWS and qBraid will also be represented and available as a source of mentorships to the participants
Arts & Culture

Irthi Contemporary Crafts Council focuses on palm fiber at Art Dubai

The 15th edition of Art Dubai which displayed findings of its advanced palm fiber research and palm textile prototype, paving...
  • Irthi Contemporary Crafts Council, an affiliate of the UAE-based NAMA Women Advancement, explored UAE’s relationship with date palm.
  • It discussed how such local, environment-friendly materials could pave the way for the creation of a circular economy centered on palm waste.

EDB commits US$350m for renewable energy projects in developing countries

ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...
Business

Company News

Latest News

Post-Covid UAE real estate upswing to continue

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental...
Videos

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

The G20 health ministers have agreed to establish a pandemic fund.
Geostrategy

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.
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arts & Culture

Saudi Arabia to host Under-21 World Snooker Championship in 2023

Riyadh, Saudi Arabia- --Saudi Arabia will host the World Under-21 Snooker Championship for men and women in July 2023, SPA...
  • International Billiards and Snooker Federation has also agreed in principle to host the World Cup for Billiard and Snooker for men and women in Oct. 2024 for six balls and masters.
  • Hosting the championship is the kingdom's one more step towards the development and promotion of the sports sector in its pursuit to achieve the Saudi Vision 2030 goals.
Business

PIF sells 10 percent stake in Tadawul Group at $51 per share

The offering size was SAR 2.3 billion ($611 million), making it the second largest Accelerated Bookbuild Offering to ever take...
  • Last year, the PIF, which is led by the Crown Prince and Prime Minister Mohammed bin Salman, sold a 30 percent stake in Tadawul in a $1 billion IPO.
  • This transaction is in line with PIF’s strategy to recycle the Fund’s capital and invest in emerging and promising sectors in the local economy, PIF said.
Geostrategy

Bahrain sees record voter turnout in general elections

Manama, Bahrain—At least 73 percent of voters have turned out to cast ballots in the 2022 Bahrain general election, the...
  • The elections, according to Bahrain News Agency, went smoothly across the kingdom and the eligible voters used the right of franchise
  • The minister said that the success of the record turnout was a culmination of the democratic progress led by His Majesty King Hamad bin Isa Al Khalifa since 2002