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.

Jordan’s jewelry, pharmaceutical exports rise in January-September 2023

AMMAN, JORDAN – The Kingdom’s exports of jewelry increased by 71.5 percent during the January-September period of 2023 and pharmaceutical...

Economy

8 pacts on trade, investment inked in Saudi-Algerian Business Forum

RIYADH, SAUDI ARABIA - The Saudi-Algerian Business Forum concluded its activities with the two countries signing eight agreements aiming at...

Business
Economy

Post-Covid retail outlook bright in GCC

Saudi Arabia and UAE, two biggest economies in the Gulf Cooperation Council region, rely heavily on retail industry.
  • UAE and Saudi Arabia witnessed growth, albeit low, in the retail sector even during the pandemic.
  • Professional services network Deloitte has said that 2022 offers an opportunity for the long-overdue retail reset.
Business

Jordan’s trade deficit with EU expands 12.9% to $3.77bn

Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.
  • Total trade deficit reached about JD2.671 billion ($3.77 billion) in 2021
  • The value of national exports to EU countries increased by 29.9 per cent during 2021
Business

Bahrain to keep managing air traffic over Gulf waters

Bahrain will keep managing air traffic in the airspace over international waters in the Arabian Gulf, extending from the borders...
  • The Minister of Transportation and Telecommunications, Kamal bin Ahmed Mohammed announced this on Sunday
  • Bahrain has successfully managed the ICAO mandate since 1959, providing air traffic control services garnering ICAO's approval
Arts & Culture

Dubai Fitness Challenge keeps residents hooked to daily workout

Dubai Fitness Challenge, a program launched in 2017 to improve the well-being of the residents, has seen 88 percent of...
  • The program has seen the number of participants more than double from 786,000 in its inaugural year to 1,650,000 people in 2021.
  • The participants’ overall satisfaction was extremely high for the 5th edition with 93 percent extremely happy with their experience.
Geostrategy

Bahrain and the Netherlands discuss ways to boost ties

Bahrain and the Netherlands discussed ways to strengthen cooperation and boost the youth sector in both countries through exchange of...
  • Both sides lauded the distinguished relations between Bahrain and the Netherlands in all fields
  • They also highlighted the major initiatives and programs launched to support the youth sector
Business

UK PM may visit Saudi Arabia to lobby for uptick in oil output

Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers,...
  • Senior cabinet minister Michael Gove did not deny a report in The Times on Saturday that Prime Minister Boris Johnson is set to visit Riyadh this week
  • The newspaper said Johnson will lobby Saudi Crown Prince Mohammed bin Salman to help offset the impact of the Ukraine-linked sanctions
Economy

DEWA completes first stage of world’s largest aquifer project

Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery...
  • The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve.
  • The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology.
Business

Tibbiyah posts 14% drop in profit

Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21...
  • Despite the fall in profitability, the company's board proposed the distribution of SR3 per share in dividends for 2021
  • The company said the drop in profit was caused by a decline in sales
Business

SAMI of Saudi Arabia to hire more women to support diversity

Saudi Arabian Military Industries (SAMI) will hire more staff and most of them will be women in order to support...
  • Unit last year, SAMI had about 2,500 employees, with 82 percent Saudization and females representing 22 percent of the workforce
  • At the end of 2021, SAMI was among the top 85 defense companies in the world
Geostrategy

Palestinian National Authority urges EU to resume financial support

Palestinian National Authority has urged the European Union to overcome technical and other obstacles and resume financial support for the...
  • Minister of Foreign Affairs and Expatriates Riyad Malki stressed the importance of financial aid in providing basic necessities to Palestinian people.
  • European Union affirmed the importance of continuing joint cooperation between the European Union and Palestine.

Jordan’s jewelry, pharmaceutical exports rise in January-September 2023

AMMAN, JORDAN – The Kingdom’s exports of jewelry increased by 71.5 percent during the January-September period of 2023 and pharmaceutical...
Economy

Company News

Latest News

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...
Geostrategy

Jordan King and UK PM meet to discuss strategic relations

London, UK— King Abdullah of Jordan and UK Prime Minister Rishi Sunak have met in London to discuss the development...
Geostrategy

Saudi Arabia raising phosphate fertilisers production

The kingdom is among the world’s leading phosphate exporters, along with China, the US, Russia and Morocco.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Shamma bint Sultan becomes first person from Middle East to join CEMUNE

The CEMUNE works to foster deeper cooperation on key global challenges and has been recognised for contributing to regional and...
  • The CEMUNE works to foster deeper cooperation on key global challenges and has been recognised for contributing to regional and international achievements in sustainability
  • The UAE Special Envoy for Climate Change Dr Sultan bin Ahmed Al Jaber welcomed the collaboration between CEMUNE and UAE Independent Climate Change Accelerators
Business

Kuwait to develop 400 projects on Saji Island

Kuwait City, Kuwait—Kuwait will set up more than 400 local development project on Saji Island, according to the acting director...
  • The Marina will allocate water taxis to transport visitors to and from the island from the city of Salmiya, as well as organize tours
  • Adel Al-Hasawi said that the national fund, which is overseeing the project, is looking to attract a variety of businesses to the island
Arts & Culture

‘Culture is prerequisite for peace in the world’

A robust cultural and creative sector remains at the heart of the UAE’s growth strategy and to give it a...
  • It is important to inculcate culture among our youth and allow them to explore creatively the bridging of their heritage with the opportunities of the future, says UAE minister
  • A robust #cultural and #creative sector remains at the heart of the #UAE’s #growth strategy, highlights Noura bint Mohammed Al Kaabi at the fifth edition of the Paris Peace Forum