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.

Expat remittances in Saudi Arabia fall to $2.6bn in September

RIYADH, SAUDI ARABIA - Remittances by expatriates in Saudi Arabia dropped 13 percent year-on-year (YoY) to US$2.6 billion (SAR 9.9...

Economy

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...

Science
Economy

High electricity bills in Jordan due to rise in winter consumption: Regulator

Jordan’s Energy and Minerals Regulatory Commission ascribed any rise in the electricity bill to high demand during this winter when...
  • Jordan’s Energy and Minerals Regulatory Commission ascribed any rise in the electricity bill to high demand during this winter when the electricity load was at 4,010 megawatts
  • The regulator referred to repeated complaints about higher electricity bills during summer or winter when temperatures rise or fall, prompting consumption to soar
Geostrategy

US to help UAE stop drone attacks

This comes amid recent attacks on the UAE by Houthi rebels from Yemen, which have prompted global condemnation.
  • General Kenneth F McKenzie, head of the US Central Command is on an official visit to the UAE
  • He said the US was working with the UAE to develop more effective solutions to stop drone attacks
Business

Industries Qatar profit up 321%

The company achieved a net profit of QR 8.1 billion for 2021.
  • Industries Qatar said in a statement that the Group revenue significantly improved by 77 percent to reach a record QR 20.2 billion
  • Earnings per share (EPS) amounted to QR 1.34 for the year, versus QR 0.32 for last year
Business

MENA Transport Congress Exhibition kicks off in Dubai

The fourth edition of the MENA Transport Congress & Exhibition began on Monday in Dubai.
  • The three-day event is organized by Dubai’s Roads and Transport Authority, and includes 13 sessions, five of which are main sessions
  • The sessions will discuss the smart transport service, eco-friendly electric buses, artificial intelligence and big data, first and last-mile trips
Economy

Lebanon fuel distributors say no diesel crisis in the country

Lebanon’s Fuel Distributors Representative Fadi Abu Chakra has confirmed that "there is no diesel oil crisis" in the country. The...
  • The rumors of oil crisis started to circulate after a ship carrying 42 thousand tons of diesel met with a marine accident.
  • The representative confirmed that diesel will be available during the next week and there is no crisis but a shortage.
Business

CBD signs a debt financing deal with Postpay

Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later...
  • The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking
  • The continued support from CBD will also enable Postpay’s planned expansion in the UAE, KSA, and other GCC countries
Geostrategy

WIPO and Qatar sign pact to promote Intellectual Property education

The World Intellectual Property Organization (WIPO) in collaboration with Hamad Bin Khalifa University (HBKU) will now promote education in intellectual...
  • The World Intellectual Property Organization and Hamad Bin Khalifa University will collaborate for IP law teaching.
  • The WIPO will provide expertise under the terms of the agreement.
Geostrategy

Saudi Arabia, Norway discuss relations and joint cooperation

The discussion took place in Riyadh between the Saudi-Norwegian Parliamentary Friendship Committee of the Shura Council and Norway’s Ambassador to...
  • The two countries discussed aspects of bilateral cooperation between them
  • The focus was on the level of parliamentary relations between the Shura Council and the Norwegian Parliament
Business

AD Ports raises $1bn in share sale a day before it lists on ADX

Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on...
  • The company offered 1.25 billion shares at 3.20 dirhams ($0.87) each, people familiar with the matter said last month
  • ADQ, whose assets are estimated at $110 billion by sovereign fund tracker Global SWF, ranks as the UAE's third-biggest sovereign wealth fund
Infographics

How much gold and forex do Arab countries have?

Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an...
  • Foreign exchange reserve usually refers to how much foreign currency a country or its apex financial institution holds in reserve
  • Gold reserve is a similar tranche, except that it pertains to the yellow metal that has been purified to a standardized degree

Expat remittances in Saudi Arabia fall to $2.6bn in September

RIYADH, SAUDI ARABIA - Remittances by expatriates in Saudi Arabia dropped 13 percent year-on-year (YoY) to US$2.6 billion (SAR 9.9...
Economy

Company News

Latest News

UAE, US partner to invest $100bn in renewables, clean technologies

The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the...
Economy

Dubai starts issuing multiple-entry visa for Qatar World Cup fans

Dubai, UAE— Dubai has begun to give out multiple-entry tourist visa for "Hayya cardholders" traveling to Doha for the World...
Business

Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

ENEC, Atlantic Council sign three-year nuclear cooperation pact

Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate...
  • The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, one of the leading US energy centers for promoting energy security.
  • The collaboration will see ENEC and the Atlantic Council join forces to support the Council’s new Nuclear Energy Policy Initiative.
Business

JAHEZIYA, Enekom ink pact

Pact aims to expand railway solutions, technology in region.
  • As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.
  • The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.
Economy

UAE-US partnership to spur $100 bn clean-energy financing, development

The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...
  • UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.
  • They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.