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.

Iran, Russia to invest $38bn in developing INSTC

TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...

Geostrategy

RCU inks pact with Artefact, Dassault Systèmes for AI, digital solutions

ALULA, SAUDI ARABIA –   The Royal Commission for AlUla (RCU) has reinforced its commitment to technology innovation and cutting-edge digital...

Business
Business

Financial scam websites victimize 137,000 Arabs daily

Five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods being used to reach...
  • According to a review of 503 fake adverts, the number of daily visits from potential victims of these fraudulent sites reaches 137,000 per day
  • The study stated that five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods used to reach the victims
Business

Aldar and EWEC sign clean energy deal

EWEC will supply clean energy to all Aldar owned and managed assets.
  • Aldar has increased its ESG ratings within two major global benchmarks, the Dow Jones Sustainability Index and Sustainalytics.
  • EWEC is one of the key parties enabling the implementation of Abu Dhabi’s Clean Energy Certificate scheme.
Business

Sharjah Chamber and Syria look to boost mutual trade

Sharjah and Syria are looking at ways to increase economic relations and enhance partnership between businessmen and traders.
  • In this regard The Sharjah Chamber of Commerce and Industry (SCCI) received a Syrian delegation led by Kinan Zahreddine, Syrian Consul-General in Dubai
  • The meeting also reviewed potential investment opportunities to support economic cooperation and enhance the partnership between businessmen
Business

AD Ports, Eni Abu Dhabi sign pact

The two firms will establish a marine logistics base at Mugharraq Port.
  • Mugharraq Port was recently recognized as an international port facility.
  • Its new status enables it to receive and service a host of international and local vessels.
Business

Israel okays UAE joint fund for high-tech investment

The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and...
  • The proposal was brought to the government by Israel’s Minister of Foreign Affairs of the State Yair Lapid
  • It was co-sponsored by the country’s Minister of Foreign Affairs of the State Orit Farkash Hacohen
Business

Investcorp inks $4bn deals in US

It acquired properties worth $2.5 billion, and made sales of $1.5 billion.
  • Invescorp expanded its US platform with focus on industrial and residential sectors
  • The team has acquired over 200 properties in 2021 worth $2.5 billion and has sold for $1.5 billion
Economy

Lebanon decision to convert deposits to local currency faces ire

The current midmarket rate for a US dollar is LBP1,500, while the black-market rate is more than LBP23,000 to the...
  • Depositors in Lebanon demonstrated against the government's plan to convert deposits into Lebanese pounds
  • The demonstration was also against an associated decision to compensate depositors in the local currency
Geostrategy

Houthi militia launch missile attacks on UAE and Saudi Arabia

The UAE air defense forces have intercepted and destroyed two ballistic missiles targeting the country, the Ministry of Defense announced...
  • The UAE Ministry of Defense confirmed that there were no casualties resulting from the attack
  • However, the attack in Saudi Arabia led to two expatriates sustaining minor injuries
Arts & Culture

Iraq reclaims five new artifacts from US

Farid Yassin, the Ambassador of Iraq to the America says that the recovered artifacts are part of the history and...
  • Iraq reclaimed five new artifacts from Washington that had been stolen during the past 30 years
  • The recovered artifacts include an ivory plaque bought for $400,000 in 2010 and a Golden bowl bought in 2020 for $150,000
Business

SINOPEC inks Iraq gas deal

The contract includes training workers to keep up with the sector,
  • Iraq has signed contract with to develop the Mansouriya gas field in Diyala in the Anbar Governorate
  • This deal represents an addition to the investment of free gas from the Mansouriya field

Iran, Russia to invest $38bn in developing INSTC

TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
Geostrategy

Company News

Latest News

Borouge Q3 profit $308m, paid $325m dividend in October

The company reported a 13.5% increase in revenue to $5.13 billion for 9M.
Business

Ma’aden among top 3 buyers of carbon credits

Saudi Arabian Mining Company (Ma’aden) is one of the largest purchasers of carbon credits from the first MENA Voluntary Carbon...
Business

PIF to deploy spending to develop innovative sectors in kingdom

Riyadh, Saudi Arabia--Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a program that will leverage its...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Egyptian pound plummets after 2% interest rate hike

The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation.
  • The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation
  • The decision aims to uphold the CBE’s mandate of ensuring price stability in the local market over the medium term
Business

Emerging sectors are creating thousands of new jobs in the Kingdom, says Saudi Economy Minister

Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim...
  • Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim at an event in Riyadh.
  • The Future Investment Initiative, held under the theme "Investing in Humanity: Enabling a New Global Order", concluded in Riyadh late Thursday
Business

Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period

Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
  • A record quarter for retail lending and customer transactions, together with improving margins, drove income 31 percent higher YoY to AED22.7 billion.
  • New corporate lending grew by AED24 billion in the first nine months of 2022 and impairment was down 12 percent.