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.

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

ADNOC L&S boosts barge fleet

With the latest acquisition, the firm now owns 39 JUBs.

Business
Geostrategy

UAE orders release of prisoners to mark National Day on Dec. 2

The President of the United Arab Emirates Sheikh Khalifa bin Zayed Al Nahyan ordered the release of 870 prisoners on...
  • The release was ordered to mark the country’s 50th National Day on Dec. 2
  • The prisoners, sentenced for various crimes, will also have their debts and fines paid off
Business

Kuwait to adopt rules allowing players to dedicate more time to games

Director-General of the Kuwaiti Public Authority for Sport Humoud Flaiteh has said that new sports rules will be adopted soon,...
  • Distinguished individual athletes representing Kuwaiti national sports teams are also entitled to the same status in line with the imminent regulations.
  • The rules are just a step towards the application of professional athleticism in the country, a minister said.
Geostrategy

Turkey and Turkmenistan to scale up bilateral trade to $5bn

Turkey and Turkmenistan have set themselves the target of scaling up the bilateral trade to $5 billion, as two countries...
  • The official visit came just weeks after Turkey hosted Berdimuhamedow as an observer at an Organization of Turkic States summit in Istanbul
  • The two countries agreed to accelerate their relations in such fields as education, culture, youth, and sports
Videos

Why are global freight rates so high?

As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across...
  • The global shipping industry suffered like every other industry in 2020 due to the Covid-19 pandemic
  • It was expected to bounce back like all of them, and thereby spearhead the global economic recovery
Business

Saudi Arabia hosts region’s biggest cybersecurity event

It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.
  • The @Hack event is considered the biggest cybersecurity conference in both Asia and Africa, and registration is free of charge
  • It is expected to be help the SAFCSP achieve the goal of having one programmer out of every 100 Saudis by 2030
Business

Qatar Airways stops Africa flights

It has stopped flights to South Africa, Zimbabwe, and Mozambique.
  • The cities affected are Johannesburg, Cape Town, Durban, Harare, and Maputo
  • The restriction on travelers and flights will reportedly remain same until further notice from the WHO
Business

Siemens lands UAE deal

This partnership is expected to support UAE Industry 4.0.
  • The program, overseen by MoIAT and Siemens, will address a broad range of topics
  • The aim is to accelerate the transformation of the manufacturing sector towards industry 4.0 in the UAE
Business

Saudi Arabia cancels maximum age for foreign pilgrims

Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.
  • The age limit for overseas pilgrims to perform Umrah was between 18-50
  • On average, 18.5 to 20 million people visit Saudi Arabia every year to perform Umrah
Economy

UAE legal system gets major revamp

It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to...
  • The draft of new laws and legislative amendments came during the "Year of the 50th" and are intended to keep pace with the developmental achievements of the UAE
  • The new legislative changes came after intensive coordination at both the local and federal levels
Business

EFG Hermes of Egypt unveils new digital trading platform

EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched...
  • It said the new application will feature a wider range of brokerage services, a fully digitized on-boarding process, a digital payment gateway and more
  • The app now also features a digital payment integration system powered by PayTabs Egypt, enabling users to process payments simply and efficiently

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

Company News

Latest News

UAE to showcase its nuclear energy success in WANO meeting

The Barakah Plant is spearheading the decarbonization of the UAE’s power sector by generating clean electricity and forms key component...
Geostrategy

Delegations from France, Italy visit Expo Center Sharjah

Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...
Business

UAE, Egypt discuss cooperation in defense industries

A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Tihama’s stock surges 10%

The firm won the nod from CMA to increase capital by 700%.
  • Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28
  • According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million
Business

Jordan’s first medical university set to enroll students

The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and...
  • According to the Chairman of the board of trustees, the investment in the private university is valued at $169.25 million, which can be increased
  • The university will also house an educational and training hospital, which is currently being built, and in its first cohort, the university will enroll 150 students
Economy

Jordan and Iraq set up electrical project on the border

The two prime ministers affirmed that Jordan and Iraq maintain historical and strategic ties and are committed to expanding bilateral...
  • Prime Minister of Jordan Bisher Khasawneh and his Iraqi counterpart, Mustafa Kazemi laid  the cornerstone for the electrical interconnection project
  • Khasawneh stressed that Jordan's leadership, government, and people are committed to supporting the security of Iraq and improving the country's stability, prosperity, and progress