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 Kuwait-based National Aviation Services (NAS), a subsidiary of Kuwait-based logistics provider Agility Public Warehousing, has acquired 51 per cent...

    Siginon Aviation is the largest aviation cargo management and ground handling company in Kenya

    The company did not disclose the cost of the deal, but it said the enterprise value is approximately 12 million Kuwaiti dinars ($40 million).

  • Net profit in Q3 alone increased by 5.71 percent

    The company attributed the rise in profits in the third quarter to the rise in revenues and a decrease in operating expenses.

    STC's shares are up nearly 20 percent so far this year

  • The emirate will see a number of new initiatives that will bring new opportunities to the sector, Sheikh Rashid bin...

    The annual cost of caring for a racehorse training in the UAE is about $30,000

    The total money spent by the sector in the country for racehorse training is $570 million

  • Al Rajhi Bank of Saudi Arabia posted a 44 percent rise in net profit to $2.86 billion for the first...

    The higher net profit for Q3 2021 is spurred by 43 percent year-on-year to SR 3.794 billion, compared to the third quarter of 2020

    The bank attributed the profit increase to the rise in total operating income by 26.4 percent, as a result of higher net financing and investment income

  • Saudi National Bank (SNB), the kingdom’s biggest lender, has posted a nearly 20% jump in net profit to $1 billion...

    SNB reported a net profit of 3.8 billion riyals ($1.0 billion) for the quarter that ended on Sept. 30, up from 3.2 billion riyals in the same period a year earlier

    The result was better than the 3.6 billion riyals average analysts' forecast

  • There will be over 2,200 people in the bio-bubble this time.

    The ICC World Cup T20 bio-bubble will consist of players, supporting staff and their families, and broadcast crew

    There will also be BCCI and International Cricket Council officials, staff at the hotel and stadium, and selected medical personnel

  • This Jordanian firm is being praised for Arabic mobile games.

    Founded in 2013, Tamatem now has offices in the United Arab Emirates and Saudi Arabia

    It has published more than 50 mobile games, which have been downloaded more than 100 million times

  • The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to...

    The program lets non-resident foreign investors obtain an economic license for doing business in the emirate

    They can now do this without any prior residence procedures and from any location outside the UAE

  • Organizers of the 2022 World Cup in Qatar hope to attract 1.2 million tourists to the Gulf country, an official...

    "They will not (all) be in the country at the same time, as the event extends over a period of 28 days"

    Those include accommodation on cruise liners, hotel apartments, fan villages with an Arabian desert vibe

  • At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal...

    Battery electric vehicle sales jumped nearly 57 per cent to more than 212,000 units, while plug-in hybrid models rose nearly 43 per cent

    This is a slower pace of growth than in 2020 when sales almost trebled from a low base