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.

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

Earth to warm up to 2.9C even with current climate pledges, says UN

PARIS, FRANCE -  Countries' greenhouse gas-cutting pledges put Earth on track for warming far beyond key limits, potentially up to a...

Geostrategy
Business

SIB foreign ownership up 40%

The decision follows approval of the Bank's General Assembly.
  • The announcement follows the approval of the Bank's General Assembly, held on 26th February, and highlights an increasing demand from investors
  • Mohamed Abdalla, CEO of Sharjah Islamic Bank, stressed that the UAE is in a competitive position which enables it to compete with advanced global economies
Geostrategy

Jordan and Morocco keen to boost bilateral cooperation, regional development

Jordan Senate President Faisal Fayez Monday held talks with Moroccan officials in Rabat on bolstering Jordan-Morocco cooperation and the regional...
  • Jordan's Senate President Faisal Fayez held the discussions with his Moroccan counterpart Naam Miyara in Rabat.
  • Fayez hailed the role of King Abdulla II and that of Morocco's Mohammed VI in strengthening the bilateral ties.
Economy

Female empowerment key to Gulf economic growth

Several initiatives taken by Gulf states demonstrate women will play a key role in achieving the transformational goals.
  • Women's hiring in GCC countries has increased substantially during the past decade.
  • Saudization and Emiratization of jobs is likely to see a surge in the number of women joining the workforce.
Business

AHOY raises $20m in financing

AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. 
  • AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and will use its latest funding to expand its reach to African and Latin American markets
  • It has grown 25 times in terms of revenue, number of transactions, and tech deployment from 2020 to 2021
Business

YPO Gender Equality Survey: Executives must prioritize mental health

Mental health is a priority for 99 percent of female and 92 percent of male executives, according to the Gender...
  • The survey with 300 leaders, of all ages, across 57 countries, was aimed at raising awareness around gender equality.
  • Loneliness as a challenge within the workplace has decreased from 2021 and was referenced by fewer than 15 percent of the participants.
Business

Yahsat and Al Seer Marine to test line-fitting unmanned vessels

Yahsat Government Solutions (YGS) and Al Seer Marine PJSC will test line-fitting unmanned vessels with advanced Comms-on-the-Move (COTM) satellite communications...
  • The two entities signed an MoU regarding the same on Tuesday at World Defence Show in Riyadh according to a press release
  • The MoU will enable Al Seer Marine to build on Yahsat’s extensive experience in delivering highly secure satellite communications
Business

Dubai real estate market posts sales worth $248m

Dubai’s real estate market recorded 368 sales transactions worth $247.66 million and mortgage deals of $48.27 million.
  • Mortgage deals worth $48.27 million was also recorded in Dubai
  • This was in addition to 70 gift transactions amounting to $34.5 million
Business

Moody’s depicts a bleak outlook for sukuks in 2022

Moody’s has depicted a bleak outlook for sukuks in the current year because of a spike in oil prices and...
  • However, the risk assessment firm expects Islamic finance to grow even more in 2022 as economic recovery continues in the GCC
  • According to Moody’s, Islamic fund AUM continued to grow robustly in 2021 as the economy improved and equity markets performed well
Business

$2.1bn in deals signed at Saudi Arabia’s first defense show: GAMI

Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies...
  • General Authority for Military Industries (GAMI), which is also the regulator of the Kingdom’s defense sector, said that the deals cover a broad range of activities.
  • GAMI is the founder of the World Defense Show and the defense industries sector’s regulator.
Geostrategy

UAE, Croatia discuss advancing economic partnership

Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade met Tomislav Ćorić, Croatia's Minister of...
  • Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade met Tomislav Ćorić, Croatia's Minister of Economy and Sustainable Development at Expo 2020 Dubai
  • The two agreed on the importance of growing trade exchanges and accelerating FDI flows between the two nations

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

Company News

Latest News

UAE launches National Net Zero by 2050 Pathway

The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050...
Economy

Tel Aviv-Doha World Cup flights draws criticism from Qatari activists

While Qatar's Gulf neighbours Bahrain and the United Arab Emirates established relations with Israel through agreements mediated by the United...
Geostrategy

Companies have 50 days to achieve Emiratisation targets: Ministry

Dubai, UAE--- UAE's Ministry of Human Resources and Emiratisation (MoHRE) has said it was keen to support and empower private...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

MoIAT, Burjeel Holdings sign MoU on healthcare facilities

ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel...
  • The MoU is in line with MoIAT's keenness to provide support and specialized healthcare for its employees and their families.
  • Burjeel Holdings will offer the ministry employees and their families special discounts on medical services that are not covered by insurance.
Business

ADNOC Distribution 9M net profit up 39%

The company paid a dividend of AED1.285 bn in Oct.
  • The company’s dividend policy for the years thereafter sets a dividend equal to at least 75 percent of distributable profits.
  • The company’s non-fuel business for the first nine months of 2022 rose by 18 percent, while non-fuel gross profit also increased by 9 percent.
Business

Saudi Broadcasting Authority signs agreements with global media firms

Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors...
  • The agreements were signed at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival.
  • The Arab Radio and TV Festival was for the first time held outside Tunisia since its inception in 1981.