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.

Real estate transactions in Ajman totaled US$408m in August

AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...

Business

Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...

Geostrategy
Geostrategy

Qatar signs MoU with Italy for FIFA World Cup security

The MoU was part of joint cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of...
  • The MoU was part of cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of Defense and the ministries of defense of the participatingcountries
  • It aims to define the controls for the participation of liaison officers from the Italian Ministry of Defense and to define the roles and responsibilities assigned to them
Arts & Culture

Jeddah edition of BIENALSUR begins at historic Qasr Khuzam museum

Following the success of the Riyadh edition, the Jeddah edition of BIENALSUR 2021, the International Biennial of Contemporary Art of...
  • Qasr Khuzam served as the first residence in Jeddah for King Abdulaziz Al Saud, the founder of Saudi Arabia.
  • A total of 20 artists from 11 countries will participate in the Jeddah edition.
Arts & Culture

Riyadh to host Middle East’s biggest musical event from Dec 16-19

Riyadh is scheduled to host Soundstorm Festival, the biggest musical event in the Middle East, between December 16 and 19....
  • Noted international singers and musicians are expected to perform during the event at the Soundstorm Theater.
  • Soundstorm Festival is among the top events on the calendar of events and seasons launched by the Visit Saudi Platform.
Geostrategy

Human capital drives UAE’s future plans: President

Sheikh Khalifa bin Zayed Al Nahyan said UAE derives its human, socio-economic and cultural clout from robust constitutional, organizational and...
  • Sheikh Khalifa bin Zayed Al Nahyan said the founding fathers built a modern motion by embracing sustainable development as a guiding principle.
  • UAE’s strategy to attract and retain talent has raised its stature at the Gulf, Arab, Islamic and global levels, he said.
Business

UAE’s first drone delivery service provider breaks two Guinness records

UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of...
  • BARQ EV broke the record for the longest (13.58km) flight of a drone for the delivery service.
  • It also broke the longest (18.065km) non-stop return flight for a drone record.
Economy

S&P devises new credit rating scale for Saudi Arabia

S&P Global Ratings has introduced a new national credit rating scale for Saudi Arabia in response to a growing interest...
  • The new scheme will help identify the creditworthiness of local loan takers, and comes as Saudi Arabia pursues policies of economic diversification
  • S&P said the rating scale will be complementary to the one used globally, with the methodology “generally the same” as the international-focused system
Business

ADNOC to invest $127bn in 2022-2026

The company announces a significant rise in oil and gas reserves.
  • ADNOC plans to bring $43 billion back into UAE economy through ICV program.
  • ADNOC's ICV program has driven AED105 billion back into the UAE economy and created over 3,000 jobs for UAE nationals.
Geostrategy

OPEC marks fifth anniversary of historic Vienna Agreement

The Organisation of the Petroleum Exporting Countries (OPEC) marked its 5th anniversary of the historic ‘Vienna Agreement’ on Tuesday. The...
  • The agreement led to the Declaration of Cooperation (DoC) between OPEC countries and leading non-OPEC oil-producing nations.
  • The Conference, where the pact was signed, saw OPEC Member Countries reinforce their efforts to overcome a then-unprecedented oil market downturn.
Business

dnata named Ground Support Services Provider of the Year for eleventh time

For the 11th time, dnata has been named Ground Support Services Provider of the Year at the 2021 Aviation Business...
  • The company offers ground handling and cargo services at over 90 airports in 15 countries.
  • As part of infrastructure growth, dnata broke ground on the second phase of the dnata City East project at London Heathrow.
Economy

FCSC documents UAE’s success since discovery of oil in 1950s

In its new report to be published soon, titled "The UAE: Data Documenting the Journey until 2020", the Federal Competitiveness...
  • The report highlighted a significant rise in the country’s GDP from AED58.3 billion in 1975 to over AED1.3 trillion in 2020
  • The contribution of non-oil sectors to GDP surged from 43 percent in 1975 to 83 percent in 2020

Real estate transactions in Ajman totaled US$408m in August

AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business

Company News

Latest News

Qatar to hike Jordanian food imports during World Cup

Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...
Geostrategy

Asia green business market to hit $5 trillion by 2030

More than 15 countries and 670 companies in Asia have set (or are committed to setting) emission-reduction targets, thereby creating...
Videos

Protecting biodiversity is important, says Egyptian minister

Egypt’s Minister of Environment Yasmine Fouad said that protecting migratory birds and biodiversity is one of the global and regional...
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ADNEC, MICCO sign agreement

Logistics solutions will be developed for ADNEC events.
  • The agreement will focus on the development of integrated services including, shipping, transport and other logistics operations.
  • MICCO Logistics, which is part of AD Ports Group’s Logistics Cluster, claims a fleet of more than 400 vehicles and specialised storage facilities. 
Geostrategy

Kuwait puts off first parliament session until mid-October

Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18,...
  • The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls
  • The government has not taken the constitutional oath because of the objection of more than 40 members of parliament
Business

Saudi Arabia says it does not politicize oil or oil decisions

Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
  • Saudi minister said the idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all
  • US gasoline prices rose sharply early this year due to high demand and tight global refining supplies, but began to drop after peaking in June