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.

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...

Business

Qatar Credit Bureau, Supreme Judicial Council to share data

DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to...

Geostrategy
Economy

Jordan, IMF reach staff-level pact on 3rd review under EFF

The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third...
  • The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third review of the economic reform programme
  • The Jordanian finance minister Al-Ississ stressed that the main issue for the government is to reduce unemployment rates and create job opportunities
Business

Two Abu Dhabi firms partner to adopt energy-saving technology

Abu Dhabi Health Services Company (SEHA) and Abu Dhabi Energy Services (ADES) have begun the first phase of their Energy...
  • As part of the agreement, which was originally signed in September, ADES will implement key energy-saving technologies in several of SEHA’s facilities to enhance sustainability
  • The strategic collaboration will mark SEHA’s commitment towards the adoption of energy-efficient modifications for its facilities
Business

UAE ministry signs pact with ADDED and ADNOC to promote Emirati products

The Ministry of Industry and Advanced Technology (MoIAT) and Abu Dhabi’s Department of Economic Development (ADDED) will work on proposing...
  • MoU part of a program aimed at redirecting above 42 percent of public-sector and select private-sector expenses towards local suppliers.
  • The pact is in line with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn.
Business

SIDF and Al Rajhi team up to boost industries growth

The Saudi Industrial Development Fund (SIDF) has teamed up with Al Rajhi Bank to provide a documentary credit service.
  • The documentary credit service enables investors to obtain the necessary liquidity to implement projects and to speed up project implementation procedures
  • The fund aims at stimulating the growth of national industries through the partnership with the private sector
Geostrategy

Hundreds of migrants try to cross EU border despite easing of crisis

Polish border guards said there were attempted crossings by two groups on what is the eastern border of the European...
  • Belarus said Thursday that there were a total of around 7,000 migrants in the ex-Soviet country.
  • Hundreds of Iraqis who had failed to cross into the EU from Belarus returned home on Thursday.
Business

ENOC Group and Air Chateau sign pact

Under the agreement, ENOC will fuel up to 30 helicopters of Air Chateau.
  • Air Chateau offers charter and transportation services to tourists, high net worth individuals and air ambulances.
  • ENOC Aviation's current supply network spans over 200 airports across 21 countries.
Business

Nayifat Finance to trade on Tadawul

Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.
  • The stock will have +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits
  • These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards
Economy

UN warns high shipping cost to spike global inflation by 1.5%

The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by...
  • The current price to ship a 40-foot container unit from China to the US is now 348 percent higher than the pre-pandemic average
  • The UN calculates that a global drive to vaccinate people against coronavirus can go a long way to ameliorate the current shipping crisis
Economy

$1.6bn Saudi initiatives to boost local manufacturing

Saudi Arabia has unveiled two initiatives to help the country boost its production and manufacturing.
  • The National Industrial Development and Logistics Program has launched the initiatives along with the Riyad Bank
  • The two schemes are called "We finance, you manufacture" and "We invest, you manufacture"
Business

Experts discuss market opportunities at DMCC Dubai Precious Metals Conference

The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.
  • The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities
  • The session, held under the title ‘Gold versus Bitcoin: competition or coexistence?’, highlighted bitcoin’s growing status as ‘digital gold’

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
Business

Company News

Latest News

Qatar wealthiest, UAE happiest in Arab world

The world's richest countries have the highest happiness scores, which probably explains why Lebanon, facing its worst-ever economic crisis, ranks...
Infographics

IMF, GCC agree Middle East reforms dialogue must continue: Georgieva

At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress...
Geostrategy

UAE takes part in G20 Finance Track in Indonesia

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

DP World launches GBC to support growth plans of large companies

Dubai, UAE--- DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies...
  • The GBC can provide business set-up and licensing -or large companies that wish to set up a limited liability entity or branch in Dubai.
  • A GBC licence permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise.
Economy

Number of visitors to Qatar rise by 138.3% in August

The highest number of visitors was from the GCC countries at 59 percent.
  • The highest number of visitors was from the GCC countries at 59 percent
  • As for visitors by type of port, the visitors via Air make up the highest percentage
Business

Tadawul market cap vaults

Its value is $2.8trn in the first nine months of the year.
  • The boost in the value of the exchange is despite the total value of shares traded during the first nine months falling by 21.5 percent from the previous year to $373.33 billion
  • The highest close level for the index during the period was 13,820.35 points on May 8