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.

KEZAD Group signs lease agreement with Advanced Petro Services

ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the integrated trade, logistics, and industrial hub of Abu...

Business

EasyLease Q3 revenue $57.66m

It's net profit was AED 26.5 million ($7.21m) in Q3 2023.

Business
Business

She overcame prejudice to ride sea waves

Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...
  • Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant
  • The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation
Business

TAQA Group, EWEC price green bond

The bonds were 1.8 times oversubscribed.
  • The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.
  • TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.
Business

Empower begins to operate a new cooling plant in Dubai

Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel,...
  • The total cooling capacity of the plant will be 50,000 RT upon completion
  • It will be interconnected with the company’s existing district cooling plant in Dubai International Financial Centre (DIFC) to deliver total cooling energy of 112,000 RT
Business

HP, UAE sign education MoU

MoU aimed at enhancing cyber skills training in UAE schools.
  • HP and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than 500 students a year.
  • The partnership with the Cyber Security Council has three separate elements that support schoolchildren, university students, and graduates.
Economy

Jordan’s tourism revenues hits $2.7 billion in 2021

The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.
  • Tourism contributes in a significant way to the economy of Jordan
  • However, some observers say that the sector has a lot of room for improvement
Business

FB ad policy irks Iraq NGO

Facebook has been mired in global controversies for its ad policies.
  • The most prominent Facebook ads controversy was when Cambridge Analytica targeted political ads at users after collecting their data without consent
  • The results were advertisement that led to Donald Trump winning the US presidential election, and Britain voting to exit the EU
Business

UAE banks saw 80% growth in deposits in 10 years

Deposits at banks in the UAE grew 80 percent to AED1,884 billion ($513 billion) in 2020 from AED1,049 billion ($285.64...
  • The number of commercial banks operating in the UAE totaled 58 in 2020 against 51 in 2010
  • The licensed insurance companies increased from 238 in 2010 to 314 in 2015 to 406 in 2020
Business

Amman Chamber of Industry exports up by 17 percent in 2021

The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...
  • The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.
  • ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.
Geostrategy

GCC seeks closer ties with EU to achieve common interests

During the visit, the secretary-general of the GCC will meet a number of senior officials of the European Union.
  • The secretary-general expressed his aspiration for this visit to contribute to strengthening Gulf-European relations
  • The two sides will also discuss the importance of strengthening and developing economic and investment relations
Business

Breakbulk Middle East to host top female executives, discuss challenges

Middle East’s largest breakbulk and project cargo event Breakbulk Middle East will host the ‘Women in Breakbulk Breakfast’, as part...
  • A 2021 survey conducted by Gartner Inc shows that women comprise 41 percent of the supply chain workforce in 2021, up from 39 percent in 2020.
  • The primary aim of BBME is to bridge the gender gap in the breakbulk and project cargo industry.

KEZAD Group signs lease agreement with Advanced Petro Services

ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the integrated trade, logistics, and industrial hub of Abu...
Business

Company News

Latest News

Saudi Arabia key place for solutions to global supply chain issues, says investment minister Khalid Al Falih

Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...
Geostrategy

GCC, S. Korea begin sixth round of talks on free trade agreement

SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...
Geostrategy

Doha Bank net profit climbs up 4.6 percent

It recorded the profit at $256m in the first nine months of 2022.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

IHC scales up IT business, makes deals worth US$272m

International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the...
  • It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors
  • Technology mergers and acquisitions in 2021 increased by 71 percent from 2020 levels, with dealmaking totalling US$1.1 trillion
Business

DEWA to pay one-time cash dividend

It received a dividend of $553m from its subsidiary, EMPOWER.
  • DEWA intends to seek approval to make a one-time special dividend payment to its shareholders
  • Its CEO said that the company will continue to look for ways to optimize total returns for our shareholders
Business

Sharjah Islamic Bank’s profit rises 24%

Operating profit before provisions rose by 12%.
  • Operating profit rose by 11.9 percent, amounting to $198 million for the 3rd quarter of 2022, compared to $178 million
  • The bank recorded impairment provisions of $44 million, compared to $53 million during the last period