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.

Mawani, CMA CGM Group lay foundation for logistics park at Jeddah Islamic Port

RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) and CMA CGM launched on Wednesday a new logistics park at...

Business

Sharjah records real estate transactions worth US$980m in October 2023

SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...

Business
Business

ADNOC L&S and AG&P sign storage pact

ADNOC L&S' LNG Carrier Ish will be used as a Floating Storage Facility.
  • Under the agreement terms, starting Q3 2022, AG&P will use the carrier for the first LNG Import Terminal in the Philippines at Ilijan in Batangas Bay (PHLNG).
  • The vessel is part of a fleet of eight LNG vessels operated by ADNOC L&S and is currently under contract to ADNOC LNG, a subsidiary of ADNOC.
Business

Iraq to team up with Halliburton and Aramco to explore oil

Iraq is looking to partner with Halliburton Co. and Aramco to tap into oil and gas reserves in the Western...
  • The Iraqi ministry is finalizing the commercial terms of work
  • The country is also discussing with Aramco the possibility of funding and developing a natural gas field, also known as Akkas
Geostrategy

Post-Covid recovery needs to be green, human centered: UN chief

As the pandemic grinds on, poverty is rising, inequalities are widening, and household incomes are dwindling, while billionaires have seen...
  • António Guterres was addressing Global Forum for Human-centered recovery, organized by the International Labor Organization.
  • The three-day forum is being held online and brings together world leaders, heads of international organizations and multilateral development banks.
Business

Al-Dawaa raises $27bn in IPO

Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to...
  • With the order book 53.8 times oversubscribed, the final offer price has been set at SR73 per share, according to a bourse filing
  • Individual subscriptions will be invited between Feb. 27 and March 1, offering a maximum of 2.55 million shares
Economy

Palestine exports rose 23% y-o-y in December

The rise in exports was 7 percent when compared to November of the same year.
  • Exports to Israel increased in December by 12 percent compared to November
  • Exports to other countries decreased by 19 percent during the same period
Economy

QAIA saw passenger traffic grow 161% in January

Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.
  • Aircraft movements grew to 4,630 in January, 127.2 percent up from the same period last year
  • Air freight traffic also reached 4,048 tons in January, 13.6 percent up from the same period in 2021
Geostrategy

Jordan, Egypt discuss cooperation in rail transport

Jordan Ministry of Transport spokesperson, Ali Odaibat, said the visit follows a meeting between Minister of Transport Wajih Azaizeh, and...
  • Jordan Ministry of Transport spokesperson, Ali Odaibat, said the visit follows a meeting between Minister of Transport Wajih Azaizeh, and his Egyptian counterpart, Kamel Al-Wazir
  • He added that the delegation will discuss the economic feasibility study for the railway between Zarqa, Amman and Queen Alia International Airport
Geostrategy

UAE sends 47 tons of emergency relief to Mozambique

The aid is expected to improve the humanitarian situation of hurricanes, drought, and terrorist attacks faced by some countries in...
  • The assistance is reportedly part of provisions to support casualties and the displacement of many residents
  • The unrest is said to have left families, including children and women, homeless and without basic food needs
Geostrategy

India, UAE have historic friendship, partnership: Speaker of Lok Sabha

Birla made this statement during a joint Emirati-Indian session chaired by Saqr Ghobash, Speaker of the Federal National Council.
  • Birla made this statement during a joint Emirati-Indian session chaired by Saqr Ghobash, Speaker of the Federal National Council
  • He also affirmed that the bilateral relations between India and the UAE have significantly improved, developing into a comprehensive strategic partnership
Business

UAE signs deals worth $263m on Day 2 of UMEX & SimTEX 2022

UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the...
  • The fifth edition features 15 live shows in the Tilal Swaihan area, showcasing grounded and aerial unmanned systems and AI and robotics technologies.
  • The total number of deals during the first two days of this year’s edition was six, with an overall value of AED1.620 billion.

Mawani, CMA CGM Group lay foundation for logistics park at Jeddah Islamic Port

RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) and CMA CGM launched on Wednesday a new logistics park at...
Business

Company News

Latest News

Jordan’s real estate trading up 23% in January-October of 2022

AMMAN, JORDAN - Jordan's real estate trade picked up by 23 percent to US$6.8 billion (JD4.875 billion) in 2022's January-October...
Economy

Hub71, Yahsat partner to support satellite operations tech

Hub71 and Yahsat are both supported by Mubadala investment company.
Science

UAE, Turkish FMs discuss food and energy security

The two ministers also discussed prospects of bilateral cooperation and partnership between the UAE and Türkiye.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Flydubai scales up flights

It will run new flights to Europe and Asia in 2023.
  • The new flights will run to European cities such as Milan and Cagliari in Italy as well as Corfu in Greece
  • The launch of the six new routes will elevate flydubai’s network to a total of 113 destinations across 53 countries

Saudi F-15S jet crashes, pilots eject unharmed

The aircrew, consisting of two officers, survived the incident after using the ejector seat.
  • The aircrew, consisting of two officers, survived the incident after using the ejector seat
  • An investigation committee has been set up to uncover the reasons behind this incident
Business

Suez Canal Authority to invest US$550m in current fiscal

Cairo, Egypt— Suez Canal Authority will make an investment of $550 million in the current fiscal year, according to Minister...
  • The revenue of Suez Canal increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion — the highest figure ever recorded
  • As many as 6,252 ships crossed the canal from July to September, with a total net payload of 372.7 million tons