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.

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

UAE warns of visa ban over job loss insurance fines

ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...

Business
Economy

Jordan, Saudi Arabia talk ways to raise trade exchange

According to a Jordanian Trade Ministry statement, the two countries discussed preparations for holding the 17th session of the Joint...
  • According to a Jordanian Trade Ministry statement, the two countries discussed preparations for holding the 17th session of the Joint Commercial Committee meetings
  • The meetings will tackle many topics aimed at increasing the volume of joint trade exchange and economic cooperation
Business

UAE, Egypt sign reinsurance pact to bolster trade, economic cooperation

The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export...
  • The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export relations
  • The broad range of trade credit insurance amongst these two entities will mitigate risks they might encounter due to various political and commercial reasons
Business

Dubai Maritime City launches $38m infrastructure project

Dubai Maritime City (DMC), DP World’s purpose-built maritime hub, announced the launch of a major project worth AED140 million ($38.1...
  • The project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
  • It includes developing networks for deep sewage, stormwater, fire, irrigation, potable water
Business

Aramco discovers four natural gas fields in Saudi Arabia

The exploration of natural gas will further enhance Saudi's status as the premium exporter of energy sources.
  • The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.
  • The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.
Geostrategy

Jordan, Tunisia review bilateral ties, ways to boost health cooperation

The ministers of Jordan and Tunisia discussed ways to enhance bilateral ties, especially in health cooperation. Jordan’s Health Minister Firas...
  • Jordan’s Health Minister Firas Al Hawari met with Tunisian counterpart Ali Mrabet on Saturday in Amman
  • The ministers reviewed establishing health facilities such as cancer treatment centers and structures for monitoring communicable diseases.
Economy

Tunisia allots $10.4m to ‘social and solidarity economy’

Tunisia has devoted a budget of 30 MD ($10.4m) to the social and solidarity economy for the next three years.
  • Minister of Employment and Vocational Training Nasreddine Nsibi said this during a seminar
  • The Minister stressed that the social and solidarity economy will allow the creation of new jobs
Economy

World Bank to support Iraq higher education with $5m

The World Bank (WB) announced that it would support the higher education sector in Iraq with an amount of $5...
  • The project of World Bank will support the Ministry of Higher Education and Scientific Research in Iraq
  • World Bank will also help to develop centers of excellence in sectors of agriculture and renewable energy
Economy

UAE non-oil foreign trade grows by 27 percent in 2021 to $517 billion

The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...
  • The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.
  • China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.
Arts & Culture

Forward-looking UAE museum looks into the future

The Museum of the Future along Dubai's main highway has been touted as the 'world's most beautiful building'.
  • Its organizers have said the visitors will be taken “on a journey of the year 2071”.
  • Many believe the Museum of the Future is UAE’s one more attempt to boost its soft power as a trading and tourism hub and to diversify its economy away from oil.
Business

e& of UAE to foray into international markets for growth

e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments.
  • The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom
  • E&’s “telecom arm” will maintain its rebranding in the UAE and internationally

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

Company News

Latest News

UAE views creativity through the lens of openness

"While living in Dubai, and through my performances in the UAE, I found that the culture of tolerance here is...
Arts & Culture

Zain Group 9M net profit $492m

Revenue was up 12% to reach $4.2 billion for the same period.
Business

Jordan imported 405k barrels of Iraqi crude in October

AMMAN, JORDAN - Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Ahlibank 9M net profit $65m

Customer deposits up by 9.2% to reach $5.79 bn.
  • Net loans, advances and financing grew by 7.3 percent, reaching RO 2.538 billion.
  • The bank's operating income and expenses also increased to the tune of 13 percent (RO 67.93 million)
Business

ADNIC 9M net profit $72m

Net investment and other income reached AED93.8m.
  • Sheikh Mohamed bin Saif Al-Nahyan, Chairman of ADNIC, said ADNIC's gross written premiums growing by 32.4 percent to AED4.29 billion.
  • "The performance was driven by robust growth in the commercial division of 50.7 percent, and stable growth in consumer lines of 10 percent," he said.
Geostrategy

UAE-India manpower technical panel discuss collaboration

DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration...
  • Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers.
  • The UAE delegation presented key insights on its job market, which is one of the preferred global destinations for work.