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.
  • Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the...

    “ACC will continue to operate in accordance with the updated government guidelines"

    The company has 21 commercial centers and complexes in its portfolio

  • Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai...

    The positive sentiment has been fueled by increased economic activity

    Most consumers in Dubai are now feeling positive about current and job prospects

  • Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.

    The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations

    Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom

  • The plants are located in Serbia, Romania and Bulgaria.

    The new plants have a capacity of 500,000 tonnes per annum of clover and more than 15 types of feed and concentrated grains.

    The firm recently added some 11,000 hectares of clover to its existing plants in Romania.

  • For the first time in nearly seven years, the stock of Saudi Basic Industries Corporation (SABIC) has touched its highest...

    The stock is currently trading up just under 1 percent, with trading exceeding 500,000 shares so far

    Today’s rise has pushed the stock up a staggering 120 percent since March 2020

  • The work on a $6.5 billion green hydrogen plant in Saudi Arabia's planned futuristic city NEOM is likely to begin...

    ACWA Power expects to finalize financing in Q1 2022. The project is a joint venture with NEOM Co. and American industrial gas company Air Products.

    The plant will need around 4.3 GW of clean energy to power it and ACWA plans to use solar in the day and wind in the night.

  • The bank said it continued hedging policy despite corona recovery.

    Operating profits increased by 29.3 percent to reach AED 652.9 million.

    The bank's board has approved a proposal to allow foreign investors to trade in 40 percent of the bank’s shares.

  • Originally scheduled to take place in Australia and then India, before being chased out of both by Covid-19, the seventh...

    Oman are playing in their second T20 World Cup having shocked Ireland at the 2016 tournament

    The eight teams in the first round of qualifying are chasing four places in the Super 12 round-robin stage

  • This will finance SODIC’s West Cairo flagship project.

    The Arab African International Bank and Banque Misr is providing this facility to SODIC

    SODIC is expected to use this facility to finance its West Cairo flagship development known as SODIC West

  • The car has an aerodynamic design and is a sports model, and does not produce dangerous emissions.

    The vehicle, called the MH2 Hydrogen car, has been designed by Branislav Mauks

    He is a Slovakian designer who since 2007 has contributed in designing each of Ferrari’s models