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.

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....

Business

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...

Business

Jordan removes customs fees on more than half of imports

Cars, alcohol, and tobacco would not be exempted from customs fees, Jordanian Finance Minister Mohammad al-Ississ has said.
  • The Jordanian government's order to reduce and standardize customs fees has been published in the official gazette
  • It will come into force next week, ensuring that 53 percent of all goods are exempt from customs fees
Geostrategy

Lebanon looks to import gas from Egypt

Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday.
  • Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
  • Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea
Business

Airbus delivers 611 passenger jets in 2021

A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last...
  • A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last year's deliveries
  • Wide-body, two-aisle plane deliveries continued to lag, which reflected the much slower recovery in international flights
Economy

Qatar, IAEA join hands for nuclear projects with peaceful uses

Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical,...
  • Qatar already has 35 technical cooperation projects with the IAEA, including 10 national, 23 regional, and two global projects
  • These have been implemented through more than 10 different institutions from the country
Economy

Kuwait limits work attendance to 50% amid Omicron surge

Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth...
  • Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow
  • Conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent
Business

Over 6m cellphone subscriptions in Oman till Nov 2021

During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966.
  • During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966
  • The period saw the capacity of the internet decrease by 2.6 percent to 1,501,777 megabytes
Business

Three-day international e-marketing, e-commerce exhibition begins in Riyadh

The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for...
  • The concept of creating websites for Electronic platforms and applications in the field of marketing and e-commerce will be a part of the event.
  • The exhibition will hold a number of sessions, training courses and free workshops with certificates of attendance, presented by a group of specialists.
Economy

UAE private sector asked to pay employees through Wage Protection System

The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the...
  • Ministry of Human Resources and Emiratization asks employers to register and document any agreement with their workers regarding the change of wages through the approved system.
  • The UAE has been the pioneer in launching the WPS, which, since its implementation in 2009, has been praised by the International Labor Organization.
Business

UAE and Mexico discuss parliamentary cooperation

Dr. Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National...
  • Both sides discussed ways of boosting the parliamentary cooperation between the UAE and Mexico, by signing a Memorandum of Understanding (MoU)
  • Al Tayer lauded the advancing bilateral relations between the two countries, which were established in 1975
Business

Biggest MENA steel event begins at Expo Centre Sharjah

The exhibition highlights state-of-the-art innovations of more than 400 world-leading brands from 30 countries
  • The 4-day event is organized by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry
  • The event would display modern technologies in metal forming, laser systems for metal cutting, steel fabrication machines

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
Business

Company News

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Saudi Crown Prince launches program to make KSA investment hub

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
Economy

Jordan to host 2022 OSCE Mediterranean Conference

AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
Geostrategy

S. Korea, Arab nations to hold new round of FTA talks

SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Qatar Chamber to build trade and economic ties with Benin

Doha, Qatar— Qatar Chamber has signed an agreement with the Benin Chamber of Commerce and Industry to develop economic and...
  • The agreement was signed by the First Vice-Chairman of the Qatar Chamber Mohammed bin Twar Al Kuwari and the President of the Benin Chamber Arnauld Akakpo
  • The agreement also aims to expand the scope of measures to assist and facilitate the visits of mutual delegations and work to establish a framework for cooperation
Economy

GCC unveils Center for Disease Prevention and Control

Riyadh, Saudi Arabia—The GCC has unveiled the Gulf Center for Disease Prevention and Control in Riyadh to enable the prevention...
  • The GCC health ministers and GCC Secretary-General Dr. Nayef Al-Hajraf were present at the event
  • The ministers discussed various issues of common interest and took several decisions, including the implementation of decisions and directives of the Supreme Council
Business

‘Exhibitions important platform to market Jordanian products’

At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association...
  • Representatives of the Jordanian companies described their participation in SIAL Paris 2022 as successful and important.
  • The event helped in promoting the Kingdom's products and opening new markets for Jordanian goods.