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.

  • 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.

  • Timely preventive measures such as vaccination of frontline construction workers, embracing new technologies , financial stimulus packages, loan relaxation and...

    HSBC Bank expects the rally in Dubai’s real estate sector to last several years.

    Dubai’s prime properties snapped up fast owing to low prices.

  • Drake & Scull International (DSI) has reported a net profit of $21.2 million for the first half of 2021. The...

    As of June this year, accumulated losses amounted to 4.82 billion dirhams, compared to 4.9 billion dirhams at the end of December 2020

    The losses have been attributed to, among others, the work in progress and contract receivables in the company’s legacy projects

  • The United Arab Emirates (UAE) and Saudi Arabia are engaged in a new bout of competition that could decide which...

    The UAE has a market share of logistics industry is 42% (US$60 billion) compared with Saudi Arabia’s share is 25%

    As the share of maritime trade is 70% of the global trade, sea freight is the main mode for cargo delivery is logistics and transportation in the GCC region

  • The Saudi low fares airline, flyadeal, has signed a long-term Flight Hour Services (FHS) agreement with Airbus to support its...

    The carrier will benefit from integrated material services including spare pool access

    The agreement includes the 1,000th aircraft supported by Airbus Flight Hour Services

  • Saudi Arabia ranked first for Bahrain-origin exports and re-exports. Portable digital automatic data processing machines were the top product re-exported...

    Unwrought aluminum and agglomerated iron ore and concentrates top two exports.

    Brazil, China and UAE top three importers for Bahrain.

  • The war-ravaged nation has themed its participation ‘We Will Rise Together’, inspired by its rich cultural past and future aspirations.

    Visitors can learn about the development of early writing systems and alphabets across the nation.

    An interactive recital of humankind’s oldest musical notation will be held at the pavilion.

  • Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter...

    Property management company Asteco says gradual recovery continues in Q2, with price surges in some areas

    Jumeirah Park saw the highest rise in sales price increase - 27 percent from Q1 to Q2 2021

  • Details of the providers of services such as surveying consultancy, design contracts, boundary supervision and turnkey contracts will be available...

    It will have details of registered businesses that can provide the required services in specific areas.

    Saudi Council of Engineers expects the portal to enhance competition, transparency.