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.

48,616 firms register with Dubai Chamber of Commerce in January-September 2023

DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...

Business

Blinken calls on Israel to stop settler violence in West Bank: Report

Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...

Geostrategy
Economy

Bahrain scores high in gender equality, women’s economic participation

The World Bank has reported that Bahrain’s score improved to 73 percent in women’s economic participation and gender equality from...
  • The report, compiled by World Bank Group’s Women, Business and the Law 2022, examines laws and regulations that restrict women’s economic inclusion.
  • Bahrain’s overall score improved by 9.4 points to a score of 65 out of 100, attributable to Bahrain gaining the perfect score of 100 in the Pay indicator.
Business

Middle East Energy opens next week, will focus on energy transition

Policymakers, business leaders, and industry experts from the energy industry will converge in Dubai next week to participate in Middle...
  • The speakers will also be participating in the Global Energy & Utilities Forum which will provide a platform for industry experts to discuss multiple subjects.
  • The event focuses on Transmission & Distribution, Smart Solutions; Renewable & Clean Energies; Backup Generators & Critical Power; and Energy Consumption & Management.
Business

Capital Bank of Jordan lists a $100m bond on Nasdaq Dubai

Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international...
  • According to the bank’s chairman, Bassem Al-Salem, the step will “extend Capital Bank’s reach and allow our teams to strengthen the bank’s relationship with investors in UAE
  • Nasdaq Dubai was chosen given its position as the largest regional venue for listing US dollar-denominated debt
Economy

UAE non-oil trade totals AED16.14 trillion in the last 10 years

The non-oil trade of the UAE has totalled AED16.14 trillion in the last ten years as the country's growth returned...
  • According to Dr. Thani bin Ahmed Al Zeyoudi the UAE aims to increase the level of investment coming to the country to AED1 trillion within nine years
  • "We work according to the plans of the UAE’s leadership to double national exports, foreign trade and economic growth," Al Zeyoudi said
Business

ADNOC teams up with Proman to produce methanol in Abu Dhabi

Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol,...
  • The facility will meet growing domestic and international demand for this clean and versatile chemical commodity
  • Growth is expected to be driven by emerging economies in Africa and Asia, while methanol production in the UAE will support decreased reliance on imports
Economy

UAE and Latvia launch economic cooperation program in six sectors

The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...
  • The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
  • An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
Business

Etihad Cargo revenue grows 49 percent

The company recorded 27 percent YOY rise in freight carried.
  • In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo.
  • By mid-2021, Etihad Cargo had announced the recovery of more than 90 percent of its network compared to pre-COVID.
Economy

Dubai to have Traffic Safety Strategy 2022-2026

The strategy’s objective is to make Dubai one of the safest cities in the world and achieve the zero road...
  • The strategy’s objective is to make Dubai one of the safest cities in the world and achieve the zero road deaths vision
  • The strategy will complement what has been achieved within the objectives of the National Agenda and Dubai Plan 2021
Economy

Dubai approves Savings Scheme for foreign employees in Govt

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved on...
  • The initiative will also ensure that Dubai remains an attractive career destination that appeals to outstanding talent
  • The announcement was made during a meeting of The Executive Council of Dubai held at "Deep Dive Dubai."
Business

Arada awards two contracts

The $32.13m contracts are aimed at development in Masaar.
  • Work by both contractors is scheduled to be completed by end of April, in time for the opening of the Masaar Experience Center in June.
  • Masaar is AED8 billion($2.18b) forested megaproject located in the Suyoh district of Sharjah.

48,616 firms register with Dubai Chamber of Commerce in January-September 2023

DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...
Business

Company News

Latest News

Crises augment EU-GCC energy & security cooperation

Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy, points out that since the Ukrainian crisis, an...
Interview

COP27: ACG to give $24bn for climate action by 2030

The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems,...
Geostrategy

AD Ports, IDB ink deal to enhance UAE-Iraq trade flows

Abu Dhabi, UAE - AD Ports Group and International Development Bank (IDB) have signed a deal to review opportunities for...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Abu Dhabi to host World Islamic Economic Forum in 2024

Launched in 2005 by the WIEF Foundation, the WIEF is a global platform created to promote and discuss the latest...
  • Launched in 2005 by the WIEF Foundation, the WIEF is a global platform created to promote and discuss the latest economic developments
  • The Forum strengthens dialogue, exchanging of ideas and knowledge between senior government officials, academics, and business leaders from around the globe
Business

Dana Gas net profit up 64%

The company reported net profit of $161m for 9M of 2022.
  • In a bourse disclosure, the company said the gross revenue for the same period increase by 24 percent year on year to AED1.521 billion ($415 million).
  • The gains in profit were driven by higher realized prices, “prudent cost control and strong operational performance in the Kurdistan Region of Iraq (KRI)”, the filing said.
Geostrategy

Biden’s upcoming foreign trip to focus on Climate, Ukraine, China

Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.
  • Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia
  • The trip will begin two days after the US midterm elections which will determine whether Democrats keep their congressional majorities