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.

ROSHN group opens sale for SEDRA phase 3 units in Riyadh

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...

Business

IsDBI, BIBF join hands to enhance global Islamic finance expertise

MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...

Business
Business

Oman sees hospitality industry revenue fall 3.5%

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
  • Domestic guests constituted the highest percentage of visitors in hotel industry of Oman
  • The occupancy rate of hotels in Oman rose by 36.3 percent
Economy

Loubnany platform launches next month, will promote Lebanese economy

An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...
  • The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
  • The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Economy

Iran to expand agricultural ties with European Union

“Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s...
  • “Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s employment,” an Iranian official said
  • Another priority for the ministry is designing and improving a national agricultural research plan, the official added
Business

Saudi Arabia launches regional center for sustainable development of fisheries

The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.
  • Saudi Arabia’s National Program for the Development of the Fisheries Sector has launched a regional center to sustainably develop fisheries
  • The program focuses on research in the fisheries sector and aquaculture related to the health of animals and aquatic organisms
Economy

Jordan, Netherlands sign €5m rainwater pact

The project aims to devise proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms.
  • The project comprises 4 main components with the aim of devising proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms
  • In a statement, secretary-general of the water ministry Jihad Mahamid stressed that Jordan is a global "trailblazer" in rainwater harvesting projects
Business

EDB, Jetro ink investment deal

The agreement will promote direct investment in various fields.
  • This agreement will highlight Bahrain as an investment hub for Japanese companies
  • Bahrain recently ranked first for availability of advanced computer programming talent in ICT
Economy

Oman revenues to rise 6% in 2022, with oil at $50

Oil and gas returns are set to comprise 68 percent of total revenues, against 32 percent for non-oil and gas...
  • Preliminary indicators of Oman’s budget this year point to the possibility of achieving the lowest deficit since 2014, despite oil-price fluctuation
  • The budget deficit in 2022, estimated on the basis of $50 a barrel, would stand at RO1.5 billion ($3.9 billion)
Economy

Thousands protest in Istanbul against worsening economic situation

More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value...
  • More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value of the Turkish lira and the rate of inflation
  • The inflation rate, according to official figures, reached 21.31 percent on an annual basis during November in Turkey
Science

Oman okays 3rd Covid-19 vaccine dose for adults

The decision is said to have come at a meeting of Oman’s Supreme Committee tasked with tackling developments resulting from...
  • Epidemiological reports and analyses point to a minor increase in positive cases in Oman
  • The reports also showed that 93 percent of the target population received at least one dose of Covid-19 vaccines
Business

Saudi Arabia, Egypt sign MoU to enhance anti-corruption cooperation

Saudi Arabia’s Oversight and Anti-Corruption Authority and Egypt’s Administrative Control Authority have joined hands for international cooperation.
  • The MoU is expected to facilitate exchanging expertise and information related to corruption crimes
  • It is also expected to lead to the development of the institutional capacity of the two countries in this field

ROSHN group opens sale for SEDRA phase 3 units in Riyadh

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...
Business

Company News

Latest News

Lulu Group to list on Abu Dhabi Exchange in 2023

V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati...
Business

Camel Club, Riyadh Chamber to promote camel culture as Saudi heritage

Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create...
Business

Oman & Emirates Co. Q3 net profit $5.6m

The profit for the same period in 2021 was 538,832 OR.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Burjeel Holdings set to expand to Oman, Saudi Arabia

The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi...
  • The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, the founder Dr Parambath said
  • In the UAE Burjeel has built the cancer centre, the mother care services, as well as the orthopaedic and diagnostic networks
Science

Dubai’s Museum of the Future to house Global Futurist Society

The Global Futurist Society headquarter at the MOTF creates a physical center for international and cross-border dialogue.
  • The Global Futurist Society headquarter at the MOTF creates a physical center for international and cross-border dialogue
  • It will harness the knowledge and expertise of local and global networks and members of the constituent parties to shape practices in future
Business

Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities

The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It...
  • The TOP CEO Conference in Dubai in the second quarter of 2022 discussed several burning global and regional issues of the time
  • It brought together Arab and international business leaders and experts to discuss several topics under the theme of The Great Business Reset