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 Saudi Export-Import Bank and Sumitomo Mitsui Banking Corporation (SMBC) have signed an agreement under which the two will work...

    Saudi EXIM Bank says MoU is one of many it is pursuing to help Saudi exports grow.

    The SMBC will explore securitization or letters of credit to creditworthy Saudi exporters and Japanese importers.

  • Rise in net profit attributed to a slew of acquisitions.

    Year-on-year revenue growth 341 percent, reaching AED 11,425 million in nine months.

    Healthcare sector major contributor to revenue, which reached AED 11,425 million at the end of Q3.

  • The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy...

    The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology, educational technology, and health technology

    “The fund aims to deploy tickets of up to $5 million in 12-15 companies that span from Series A to pre-IPO stages”

  • The UAE's Ministry of Economy has signed an agreement with LinkedIn for developing a framework for skills-based talent besides identifying,...

    The agreement is geared towards achieving UAE Strategy for Talent Attraction and Retention.

    LinkedIn will collaborate with the ministry’s team to make joint action plans supporting the ministry’s national strategies.

  • The Chinese firm has restarted work on 10 projects.

    Evergrande owes various lenders close to $300 billion, but speculations are rife that it may not be able to pay all of it back

    However, after the project restart announcement, shares in the firm rallied more than four percent in early trade

  • Emirates has cancelled flights to Khartoum after reports emerged of a military coup in Sudan.

    The airline said that flights to and from Khartoum, operated by EK 733/734, are cancelled from October 25 to October 27, 2021

    “Customers with final destination Khartoum will not be accepted until further notice from any point on the Emirates network”

  • The bank suffered a net loss of KD 7.9 mn in first nine months of 2020.

    The bank's total assets increased by 4 percent to reach $17.1 billion.

    It launched the first issuance of Kuwaiti dinar-denominated bonds at a value of $165 million.

  • The service stations are part of a joint venture signed in 2019.

    The joint venture is aimed at upgrading a network of 270 service stations and expanding the range of retail services.

    The TotalEnergies stations will house Bonjour Café, while the Aramco stations will feature Fai Café.

  • Despite the disruption caused by the coronavirus lockdown Dubai and Abu Dhabi have continued to advance in the race to...

    The city also leads the Middle East and North Africa (MENA) region in the index

    Abu Dhabi secured the fourth spot in the Global Cities Outlook (GCO), rising three places from the seventh position last year

  • Iraq is looking to establish a big solar power plant in the Najaf area that could generate 1,000 megawatts of...

    In this regard it is in advanced discussions with Saudi Arabia’s ACWA Power, the oil ministry announced on its Facebook page

    The ministry said it is close to signing the agreement with the Saudi utility company to generate 1,000 megawatts of solar power in the Najaf Governorate