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 sets up Tasaru Mobility Investments

The firm will drive strategic investments and partnerships

Business

Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...

Geostrategy
Business

NMDC wins $354m contract

The contract is for the Shamal Development marine works.
  • The Shamal Development is part of the Khalifa Port located in Taweelah in Abu Dhabi
  • It was built on a reclaimed artificial island reaching 4.5 km offshore
Economy

Jordan signs pact with Germany, EU to build water projects

The project will improve wastewater treatment and environmentally friendly sludge disposal.
  • The project will improve wastewater treatment and environmentally friendly sludge disposal.
  • The value of the EU’s bilateral support to the water and sanitation sector in Jordan is over 150 million euros
Economy

Jordan approves measures to stabilize commodities prices

Procedures, approved in a session chaired by Prime Minister, Bisher Khasawneh, included reducing inspection fees on imported foodstuffs by 30...
  • Procedures, approved in a session chaired by Prime Minister, Bisher Khasawneh, included reducing inspection fees on imported foodstuffs by 30 percent for three months
  • The procedures also included reducing customs duties on some basic foodstuffs, increasing work efficiency and expediting completion of customs transactions, inspecting containers
Geostrategy

Finland provides $2.27m to fund Palestinians’ hospital referrals

Finland will give €2 million ($2.27 million) to the Palestinian Authority to support the payment of medical referrals to East...
  • This contribution will be channeled through the EU Program of Direct Financial Support to the Palestinian Authority’s PEGASE mechanism
  • The aid will help the Palestinian Authority meet its obligations towards East Jerusalem hospitals
Arts & Culture

Winners of King Faisal International Prize felicitated in Riyadh

The winners of King Faisal International Prize (KFIP) for the years 2020 and 2021 were honored at Prince Sultan Grand...
  • The Service to Islam prize for the year 2021 was awarded to Founder and Chairman of SAKHR Software Company, Mohamed bin Abdulrahman Al-Sharekh.
  • Mohammed Hashim Ghosheh was awarded the Islamic Studies prize for his topic called the Islamic Heritage of AlQuds in year 2020.
Economy

School of Government and ADGM Academy launch investment program

The Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGM Academy) have launched the ‘Investment Foundations'...
  • The program aimed at equiping Abu Dhabi government employees with knowledge and skills related to finance, ethics, and investment practices.
  • Participants will receive a certification jointly accredited by the ADSG and Abu Dhabi Global Market Academy.
Business

Dana Gas receives $39 million payment from Egyptian government

Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced...
  • The payment reduced its receivables in Egypt below $30 million to its lowest levels since commencing operations there in 2007.
  • Dana Gas has invested over $2 billion since first entering Egypt in 2007 and is currently the fifth-largest gas producer in the country.
Geostrategy

Arab Parliament reiterates call for a free Palestinian nation

The Arab Parliament has praised the results of the trilateral summit which was held on September 2 in Cairo between...
  • The Parliament praised the outcomes of a trilateral meeting held in Cairo on September 2, 2021
  • Arab parliament has called global community and the Quartet of the Middle East to offer real support and assistance for Palestine and its people.
Geostrategy

US condemns Houthis’ attacks on Saudi, calls group a threat

The United States has condemned the Houthis' continuous attacks on the Kingdom of Saudi Arabia, stressing that the group is...
  • US State Department Spokesman Ned Price said that Saudi Arabia was able to eliminate about 90 percent of Houthi attacks.
  • Houthis launched a military projectile that hit a commercial store in the Samtah governorate in the southern Jazan region on 24 December.
Business

Saudi designates China’s NIPA as patent searching and examining authority

The Saudi Authority for Intellectual Property (SAIP) has designated the National Intellectual Property Administration of China (CNIPA) as International Searching...
  • The move allows international patent applicants in the kingdom to select CNIPA to issue international search reports for their applications.
  • Saudi authorities see the development as an enhancement of cooperation between the two sides in the field of intellectual property.

PIF sets up Tasaru Mobility Investments

The firm will drive strategic investments and partnerships
Business

Company News

Latest News

Aldar, Abu Dhabi Residents Office to enhance Golden Visa services, offerings

Abu Dhabi, UAE-- The Abu Dhabi Residents Office, part of Abu Dhabi Department of Economic Development (ADDED), has signed a...
Business

Nord Stream probe tailored against Russia, says Kremlin

The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored'...
Geostrategy

Morocco supervisory authority approves Takaful Insurance Company

Rabat, Morocco---A Takaful insurance company will be established in Morocco by Qatar Islamic Bank, Atlanta Insurance and Moroccan Tourism and...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Aramco to build fabrication yards

The yards will more than triple Saudi offshore fabrication capacity.
  • The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction Company (NPCC) and McDermott International.
  • They are expected to fabricate and assemble offshore platforms, jackets and structures for subsea pipelines.
Economy

Saudi economy is the fastest growing among G-20 in 2022: report

The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.
  • The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term
  • The estimates of the OECD report for the Kingdom contradict the bleak and ambiguous outlook that stems from the Russian-Ukrainian crisis
Business

QIB’s profit shoots up 13%

It reported $783m profit in the first nine months of the year.
  • The bank's data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year
  • QIB carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia