INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

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.
  • The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in...

    Dubai intends to open its doors to visitors and re-establish 90 percent of its operating capacity at its airports in 2021.

    66 percent of Dubai business leaders expected an improvement in business conditions in 2021 Q3, compared to 51 percent in the previous quarter.

  • Agreements have been signed for concept and front-end engineering design.

    50 percent of project value can potentially flow back into UAE economy.

    The agreements signed with eight global engineering contractors will run for five years.

  • The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites...

    The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites are poorly protected

    Sumerians, Assyrians and Babylonians all trod on the ancient land that is now Iraq, and that makes it a land of choice for smugglers.

  • Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and...

    Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and is now back above $50,000

    In April, PayPal-owned mobile payments service Venmo began letting users in the US buy, hold or sell cryptocurrency using its app

  • The period has been extended from August 23, 2021, to February 16, 2022, with violators looking at fines of around...

    The Saudi Ministry of Commerce has already given a six-month grace period once to violators of the anti-concealment law

    Several enterprises, whose annual revenues exceeded SR6 billion ($1.6 billion), benefited from this

  •  Egypt’s non-oil exports leaped up by 22 percent during the first seven months of 2021, posting $17.70 billion as compared...

    In July 2021, Egyptian non-petroleum exports rose by 4% to $2.95 billion, from $2.21 billion in July 2020

    The non-petroleum imports increased slightly by 11% to $42.39 billion during the seven-month period ended July 31st, 2021

  • The growth was driven by a partnership with CNNB Solutions.

    L’Oréal Middle East entered into a D2C e-commerce and e-distribution partnership with Dubai-headquartered CNNB Solutions

    CNNB developed a set of services, which include a model where it Solutions buys inventory from L’Oréal ME

  • Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges...

    AEP is a leading independent developer and power producer, headquartered in the Dubai International Financial Centre

    AEP's investors include Mubadala Infrastructure Partners, BluStone Management and DASH Ventures, IFC, a member of the World Bank Group, and IFC’s Catalyst Funds

  • Majid Al Futtaim, a shopping mall operator in the Middle East, has reported a drop in revenues for the first...

    Mall operator maintains its H1 2021 performance remained robust

    Revenues for the period reached 15.6 billion UAE dirhams ($4.2 billion), down by 10 percent from a year earlier

  • In a sign of normalcy returning, hotels across the United Arab Emirates (UAE) have reported a significant rise in occupancy...

    From January to June, overall occupancy climbed to 62 percent compared to 53.6 percent during the same period in 2020

    International, domestic tourism boost occupancy levels