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.

Nearly 5,000 member companies join Sharjah Chamber in 2023

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this...

Business

Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...

Business
Business

RAK International Airport is ops base for ActionFlight

The overall deal is expected to help support Ras Al Khaimah’s strategic plans to expand its travel and tourism landscape.
  • The collaboration is expected to see RKT become a hub for aerial experiences such as aerobatic flights, skydiving, and hot-air ballooning
  • The agreement also means the airport will act as a base for Vertical, ActionFlight’s advanced pilot training program
Business

Dubai saw real-estate deals worth $1.23bn this week

During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department.
  • A total of 219 plots were sold for AED1.12 billion (around $305 million) in Dubai
  • Meanwhile, 1,022 apartments and villas were sold for AED2.25 billion ($612.66 million)
Arts & Culture

Magazine names Green Corner Building among top ten architectural projects of 2021

Located in Muharraq, Bahrain, Green Corner operates under the auspices of Sheikh Ibrahim Centre for Culture and Research.
  • Located in Muharraq, Bahrain, Green Corner operates under the auspices of Sheikh Ibrahim Centre for Culture and Research
  • The project opened in January last year with the support of United Arab Emirates to commemorate the Year of Zayed
Business

Way paved for launch of first Mideast Steigenberger Porsche Design Hotel

Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company...
  • Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG.
  • Tourism Development Fund provides support to small, medium, and large enterprises and solutions tailored to suit the needs of investors.
Business

Tibbiyah of Saudi Arabia to offer 5m shares through IPO

Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million...
  • The company’s capital is divided into 20 million shares
  • The offer price will be determined before the subscription period, which will begin on Tuesday February 15 and will end on Thursday February 17
Economy

UAE cabinet endorses labor and industrial laws

Chaired by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President, Prime Minister of the UAE, the...
  • The Cabinet approved as well, a decision to establish the Executive Office for Control and Non-Proliferation
  • The cabinet also approved the executive regulations of the Federal Law regarding the regulation and protection of industrial property rights
Business

Bahraini imports increase by 18 percent in Q4 2021

The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information...
  • The top 10 countries accounted for 71 percent of the value of imports, with the remaining countries accounting for 29 percent, Bahraini media reports said.
  • The value of exports of national origin increased by 99 percent to BD1.192 billion during the fourth quarter of 2021.
Business

ADDED lays down strict rules on ‘hazardous materials’

ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters...
  • ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters
  • Special requirements, in line with criteria and stipulations of regulatory government entities were introduced
Business

Saudi energy minister says OPEC+ is independent

Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference...
  • Prince Abdulaziz pointed out that the OPEC+ policy has succeeded in providing the oil market with the supplies it needs at all times
  • Its decisions have come against a backdrop of pressure from countries such as the US, which want oil production drastically increased to tackle rising prices
Geostrategy

UAE and Brazil aim to boost strategic alliance

The UAE and Brazil have reiterated their resolve to boost bilateral relations in the light of the strategic partnership between...
  • Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Brazil's Minister of Foreign Affairs Carlos Franca reviewed the relations
  • The two discussed the situation in the region in addition to issues of interest, including ways of supporting the international efforts to address the impact of COVID-19 pandemic

Nearly 5,000 member companies join Sharjah Chamber in 2023

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this...
Business

Company News

Latest News

ADCB Q3 net profit at US$432m

The diversification of revenue streams boosted the bank's profitability.
Business

UAE, Saudi pension systems improve performance on 2022 Mercer CFA Index

The 2022 Mercer CFA Institute Global Pension Index compares 44 retirement income systems against more than 50 indicators and benchmarks.
Infographics

Empower to sell 10% stake, list on DFM

Empower will make 1 bn shares, each valued AED0.10, available in IPO.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Aliph Capital secures $125m investment for its maiden fund from ADQ

Aliph Capital is an alternative investment firm focused on private equity investing.
  • Aliph Fund I (LP) is a $250 million target private equity fund domiciled in ADGM aiming to invest in high-quality mid-sized companies in the UAE.
  • Aliph Capital will seek to acquire sizeable, active positions in privately owned mid-market companies across the GCC that possess robust business fundamentals, the company said.
Business

Mubadala, KKR in $1bn capital tieup

The two firms signed a partnership to provide bespoke credit solutions.
  • In APAC, KKR has deployed nearly US$3 billion in credit capital since 2019.
  • The APAC credit business is part of KKR's approximately $178 billion global credit platform.
Geostrategy

UAE-Bahrain non-oil trade surges to $6.5bn in 2021

The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.
  • The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries
  • He highlighted the importance of intensifying cooperation between the government and private sectors of the two countries