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.

Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023

RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77...

Market Report

ADB capital reforms unlock $100bn to support Asia and the Pacific region

MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...

Economy
Business

Dubai South and Huawei ink deal

The pact entails building smart transportation ecosystem.
  • They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.
  • The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.
Economy

Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’

UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...
  • The campaign highlights the diversity of the UAE’s tourism and recreational attractions.
  • With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.
Economy

Nearly 14,000 Bahraini nationals invested in UAE companies in 2020

A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for...
  • Trade between the UAE and Bahrain in 2020 was valued at AED20.1 billion and more Bahraini nationals were entering the Emirates real estate market.
  • In 2020, the value of real estate deals signed by Bahraini citizens in the UAE reached AED228 million.
Geostrategy

UNHCR, UNICEF hail Korea’s aid for refugee rehab programs in Iran

South Korea's $2.5 million aid for programs supporting Afghan refugees in Iran has been hailed by the UN High Commissioner...
  • South Korea's has announced $2.5 million in aid recently and its total aid in the past seven years for Afghan refugees totals $30 million.
  • It is estimated that up to 300,000 Afghan asylum-seekers have fled to Iran this year alone in search of safety.
Economy

Jordan to engage private sector in enacting investment laws

Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the...
  • Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the most developed international laws in this field
  • To facilitate transactions, Amro said, the ministry seeks to be the core reference for investment and the sole authority to follow up on investor issues
Economy

Saudi Arabia among five countries bidding for World Expo 2030

King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.
  • King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo
  • The other four countries competing to hold the event are South Korea; Italy; Ukraine and Russia
Business

QA arm expands Gulfstream fleet

Qatar Executive is a business-jet subsidiary of Qatar Airways.
  • Qatar Executive is a business-jet subsidiary of Qatar Airways
  • It now has a total of 11 Gulfstream G650ER aircraft in its fleet
Business

ADQ establishes office in Cairo to boost its investment in Egypt

Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing...
  • The opening of ADQ’s new office complements the $20 billion strategic investment platform launched in 2019 between ADQ and TSFE.
  • The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialized funds and investment tools.
Geostrategy

Emirates and IAEA discuss nuclear program, Expo’s role in fostering ties

Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Rafael Mariano Grossi, Director-General of...
  • The two sides reviewed the role of Expo 2020 Dubai in promoting international cooperation and building effective and fruitful partnerships
  • The IAEA Director-General highlighted the importance of the constructive cooperation between the UAE and the International Atomic Energy Agency
Business

RAKEZ to partner with CBD for easy access to bank’s services

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to...
  • An MoU was signed by RAKEZ Group CEO Ramy Jallad and CBD CEO Dr. Bernd van Linder.
  • The agreement makes it convenient for RAKEZ clients to business bank accounts.

Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023

RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77...
Market Report

Company News

Latest News

Saudi TASI plummets, UAE indices show mixed trends over the week

The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but...
Market Report

UAE, Lulu Money sign pact on digital KYC service

LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's...
Business

Nasdaq Dubai lists physically backed Bitcoin ETP

21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Al Awali to raise US$133m

The Saudi developer will offer 20% of its shares on Nomu.
  • the Saudi real estate developer will float its stake by the first quarter of 2023 as a step toward obtaining the funds that will be needed for the expansion plans
  • The company has a capitalization of $53.33 million, and its shares are expected to be offered at between SR25 and SR32
Economy

OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31

This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...
  • This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data
  • First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries
Business

flydubai, Smartwings sign agreement

flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
  • flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.
  • The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.