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.
  • Abu Dhabi will be effectively out of bounds for unvaccinated people from Friday in order to curb the transmission of...

    The unvaccinated are effectively barred from entering any business in the UAE capital except for supermarkets and pharmacies

    People will be required to prove they have been vaccinated before being allowed into venues

  • Facebook has announced that it will join hands with an online Indian lending firm to help provide loans to small...

    The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%

    Facebook said it would pay off to bolster the small business economy in India as these companies will use its apps including Instagram and WhatsApp to boost their growth

  • Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to...

    The new changes will take effect from October 1

    ""We will better recognize our internal talent by increasing the salary increment opportunity on promotion for core grades"

  • Saudi Arabia will start giving out professional licenses from next year in order to improve the quality of its domestic...

    The Ministry of Municipal and Rural Affairs and Housing for regulating city operators will start the first phase of issuing professional licenses for 16 professions

    The major professions for which the ministry is seeking to introduce mandatory professional license in a phased manner consist of technicians, construction workers

  • Saudi Arabia has filed a World Trade Organization complaint over EU anti-dumping duties on imports of a chemical compound used...

    In the complaint, dated Aug. 17 but circulated to WTO members on Thursday, Saudi Arabia charges that the EU unfairly imposed provisional anti-dumping duties

    The chemical compound is used in a variety of industrial processes, including to produce polyester fibers and components for manufacturing plastic bottles

  • Travelers from these countries need not quarantine on arrival in Abu Dhabi.

    Travelers from these countries need not quarantine on arrival in Abu Dhabi.

    The list is effective from 12am (UAE time) Friday and subject to change based on global Covid-19 developments.

  • The term loan facility reduces by $1 billion the size of EGA’s existing seven-year $6.5 billion loan facility signed in...

    Middle East’s largest aluminum maker expects loan to enable optimal dividend policy for shareholders.

    The company could be listed if shareholders wish, says CFO.

  • The customs authority has foiled more than 1,000 attempts to smuggle prohibited items into Saudi Arabia.

    Zakat, Tax and Customs Authority processes $80 bn worth of inbound and $34 bn outgoing goods.

    About153,000 inspections carried out in the kingdom detect more than 20,000 zakat and tax violations.

  • Saudi Arabia’s General Authority of Civil Aviation has accepted the pass as a valid way of confirming Covid-19 test.

    Eventually this acceptance will be expanded to vaccine certification

    Travelers to and from Saudi Arabia will soon have the choice of using either the Pass or the national health app

  • A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the...

    Mortgage deals worth AED104.87 million and 12 gift transactions amounting to AED22.86 million also recorded.

    Completed property sales accounted for 71 percent of total transaction value and 59 percent of volume in Q2.