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.
  • The net profit for the first nine months of 2020 was AED 25.40m.

    The increase in net profit was driven by a rise in income from investments and recent acquisitions.

    The company has acquired Very Large Gas Carriers for transport of LPG through its partnership with BGN International.

  • Only 3,000 or so Assyrians still live in the wider Mardin province, which is part of the historical Mesopotamia region...

    Only 3,000 Assyrians still live in the wider Mardin province, which is part of the historical Mesopotamia region where some archaeologists believe wine was invented 2,700 years ago

    Subjected to discrimination most of the Assyrians have either relocated to Istanbul or emigrated to the West, reducing their number from 700,000 to 15,000 across Turkey today

  • The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.

    The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots

    Majid Al Futtaim and Yandex have partnered to explore the independent technology solutions to enhance the scope of the last-mile delivery of Carrefour orders

  • 70% passenger loss is forecast for the Middle East which is reeling under lockdowns, travel, and quarantine restrictions and 56%...

    70% passenger loss is forecast for the Middle East which is reeling under lockdowns, travel, and quarantine restrictions and 56% for the Middle East

    Airport revenues are predicted to decline by US$ 34 billion in Asia-Pacific and US$11 billion in the Middle East by the end of 2021

  • Face recognition technology could compromise privacy, target marginalized groups, and normalize intrusive surveillance, according to critics.

    Face recognition technology could compromise privacy, target marginalized groups, and normalize intrusive surveillance, according to critics

    The news also comes as Facebook has been under intense scrutiny from regulators and lawmakers due to its platform abuses and user safety

  • The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS...

    Garbis Iradian, chief economist for MENA at Institute of International Finance (IIF), tells TRENDS in an exclusive interview that the prices would average US$70 per barrel in 2021

    There are expectations of the US oil production recovery in 2022, which would increase the supply easing pressure of price

  • Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.

    The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.

    Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.

  • Al Maryah Community Bank LLC, UAE’s first digital bank, has appointed Adeeb Ahamed as advisor to the Board Members. He...

    Al Maryah Community Bank, which started operations earlier this year, is a community oriented financial services provider

    The Board comprises leaders from diversified sectors of economy, and Adeeb’s inputs as an Advisor will help improve the bank’s strategic direction

  • DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to...

    The investments would include inland terminals, cargo parks, feeder network systems, landside transport and industrial zones.

    They will also explore collaboration with the Indonesia Port Corporations (Pelindo).

  • There is a great demand from distributors for films in Saudi Arabia, which is borne by the fact that more...

    CEO of the General Commission for Audiovisual Media holds meet with Warner Bros EMEA head.

    The participants say the film industry in the kingdom will witness a 'qualitative renaissance'.