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.

Al Ansari Financial Services okays dividend

The first proposed interim dividend is of $81 million.

Business

Foreign investments rise in NE China due to several projects

SHENYANG, CHINA – Investments in the country’s northeast have grown over the past years as several multinational corporations put in...

Business
Infographics

Social media dominate popular websites in region

Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...
  • Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.
  • Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined
Business

Egypt finalizes pact with Siemens to run high-speed train line

Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....
  • The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).
  • The cost of this project will be financed through a soft foreign government loan and the state's general budget.
Business

Saudi defense company AEC to display modern technology at LEAP

The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...
  • AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.
  • The conference is organized by the Saudi Ministry of Communications and Information Technology.
Geostrategy

US condemns missile attack on the UAE

The United States has condemned the Houthi missile attack on the UAE. On Monday morning, the UAE air defense forces...
  • The Ministry of Defense said in a statement that "there were no casualties resulting from the attack, and the fragments of the ballistic missile fell outside of populated areas"
  • "We condemn the latest Houthi missile attack on Abu Dhabi," tweeted Edward Price, the Spokesperson for the US Department of State
Business

Abu Dhabi Chamber and Mauritius EDB sign trade agreement

The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius...
  • The agreement will establish a framework for developing stronger business relations between the parties.
  • The two sides will organize prospective business missions, study trips, commercial events, trade fairs, exhibitions and seminars.
Economy

IACE President warns Tunisia as a state can collapse

The President of the Arab Institute of Business Leaders (IACE) Taieb Bayahi has warned that Tunisia as a state could...
  • He added that it is necessary to save the remaining urgently, stressing that "the current economic situation does not allow us to waste any more time
  • In a report published this month, the forum ranked Tunisia among the five countries threatened by the spectre of the collapse of the state
Geostrategy

Bahrain first to receive newest Lockheed Martin F-16 simulators

Bahrain will receive F-16 simulators produced by Lockheed Martin to train pilots for national defense missions under a new agreement,...
  • Bahrain was the first country in the Gulf region to acquire the F-16 and the first in the world to procure the advanced F-16 Block 70.
  • To date, more than 4,500 F-16s have been produced, with approximately 3,000 F-16s operating today in 25 countries.
Business

dnata of Dubai to invest $233m in Amsterdam Airport

dnata, the global air and travel services provider, will invest more than $223.22 million in a fully automated cargo center...
  • dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata
  • It will enable dnata and its customers to substantially expand operations and business, stimulating local economy and trade
Arts & Culture

‘Arabic’ coffee renamed ‘Saudi’ coffee in the kingdom

The renaming is seen as the assertion of a cultural element that expresses the Saudi identity and reflects the people's...
  • The decision is part of the initiatives being taken under the "Year of Saudi Coffee" program.
  • The Ministry of Culture has already named 2022 as the “Year of Saudi Coffee” under the support of the Quality of Life Program.
Economy

UAE to levy 9% tax on business profits from next year

The UAE’s Ministry of Finance will start levying a 9 percent tax on business profits from June 1, 2023 thereby...
  • The ministry has confirmed that it will impose no tax on profits of up to AED375, 000
  • The tax will be levied on all corporations and commercial activities in the country, except for the "extraction of natural resources"

Al Ansari Financial Services okays dividend

The first proposed interim dividend is of $81 million.
Business

Company News

Latest News

New industrial policy seeks to diversify Saudi economy

The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities...
Videos

Qatar Digital Incubation Center fostering 25 new startups

The selection was made from among 42 competing startups which presented their projects in front of a specialized judging panel.
Business

UAE refunds tax incurred on building, operating mosques

The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1.
Economy
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INSEAD Day 4- 300x600

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Business

Savola Group posts 36% increase in profit

It recorded $173m profit in the first nine months of 2022.
  • The food company said in a bourse filing that it had also posted a 20 percent revenue jump to $5.60 billion
  • For the third quarter of 2022, net profit jumped 34 percent to $44 million, from $33 million in the same period last year
Geostrategy

Upcoming climate events to boost UAE-Egypt ties

The bilateral relations between the two countries are based on mutual respect and appreciation. The significant advancement in the bilateral...
  • The upcoming events will witness further cooperation between the two countries, especially with Egypt hosting COP27 in Sharm El-Sheikh and the UAE hosting COP28 in 2023
  • The UAE is the largest investor in Egypt, with over 1,250 Emirati firms operating in the country. Egypt, meanwhile, was among the first nations to recognize the formation of UAE
Business

QLM profits fall by 33 percent in first nine months of 2022

The company had reported a net profit of $12.27mn for H1.
  • The gross written premium for the six-month period that ended on June 30, 2022 had increased by 33 percent to QR742mn.
  • QLM Life & Medical Insurance Company was established in 2018, and was listed on Qatar Stock Exchange last year, with a capital of QR 350 million.