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.
  • Zoomcar targets 5,000 cars in Egypt by March 2022.

    Zoomcar to launch their functioning in Egypt

    The target of Zoomcar is to have 20,000 cars in market by 2022 end

  • The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

    Al Rajhi Bank rose more than 1 percent

    Etihad Etisalat (Mobily) gained 2 percent to SR30.85

  • The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of...

    UAE economy is expected to grow by 2.2 percent in 2021 and by 4.9 percent in 2022, supported by tourism, oil prices recovery and Expo 2020 activities.

    Saudi Arabia's real GDP growth fell 4.1 in 2020 and is expected to increase to 1.9 percent this year and 4.8 percent in 2022.

  • The funds will be used to develop and rollout Open Finance platform.

    The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments.

    The Open Finance platform aims to redesign financial services with an open API infrastructure.

  • Mobily will recycle old and discarded Ericsson devices.

    Mobily is now expected to join the Ericsson Product Take-Back Program to recycle discarded electronic devices

    The program is responsible for the disposal and recycling of electrical equipment at the end-of-life stage

  • Dubai Investments and Marjan have tied up for the project.

    The project’s design is reportedly set to offer a private enclave with waterfront views

    It is targeted at social gatherings, family unions, business meetings, or personal relaxation

  • Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...

    Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors

    Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022

  • The two countries discussed ways of enhancing educational, academic, and research cooperation.

    Saudi Arabia and the UK talked about sharing the best practices and expertise in education

    The meeting also addressed their efforts in fields of cooperation in public education, developing curricula, and the courses system for secondary education

  • More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to...

    Start-ups that successfully secured significant investments include buy-now-pay-later start-up tabby

    Sunglasses e-commerce company Eyewa, has secured AED 77 million in total funding

  • Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property,...

    Property owners can list their property on Mazad Aqari and the platform will do the rest in terms of evaluating the property, marketing, sales, and closing the deal

    Saudi Arabia's real estate sector, according to Statista, is expected to reach US$150 billion by 2026 at a CAGR of 12 percent