INSEAD Day 4 - 728x90

flydubai 2025 profit $591m

Total revenue increases by 6% to $3.7bn

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.
  • The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...

    The two companies designated on Friday by the US Treasury Department were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services

    They were said to have shipped Iranian commodities on behalf of the network of Houthi financial facilitator Sa'id al-Jamal, said the Treasury

  • Its revenue jumped to $14.2 billion for the quarter.

    The company reported net income of more than $2 billion for the October to December period, up from $828 million for the same period in 2022

    Delta shares slumped by more than eight percent around midday on Friday, while rival United Airlines saw its shares plunge by 9.4 percent

  • Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...

    In Friday trade, the Dow dipped while the S&P 500 edged higher as investors digested corporate earnings and a surprise drop in wholesale inflation

    Leading banks were mostly lower following a deluge of quarterly results, while airlines were hammered after Delta's forecast disappointed investors

  • Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the...

    Dollar revenues from Egypt's Suez Canal have experienced a 40 percent decline since the beginning of the year compared to 2023

    The Suez Canal is a crucial source of foreign currency for Egypt, and efforts have been made to boost revenues, including the ongoing expansion of the canal

  • Dubai, UAE – Sales of properties worth more than $1.35 million and $2.70 million in Dubai hit record levels in 2023,...

    Among the communities tracked by CBRE, in 2023, Palm Jumeirah registered the highest volume of transactions in both the prime and super-prime market segments

    Off-plan sales in the $1.35 million and $2.70 million segments of the market accounted for 67.2% and 70.8% of total transaction volumes, respectively

  • Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...

    Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.

    The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

  • They will buy 40.5% stake in TMG Holding’s hospitality business.

    ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.

    ICON is a leading player in Egypt’s luxury and upscale hospitality market, with a track record of building and owning some of the most celebrated luxury hotels in Egypt.

  • Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi amounted to approximately AED 1.9 billion ($517 million) in the...

    The value of real estate mortgages in the emirate reached about AED 1.5 billion through the registration of 215 mortgage deals.

    Al Saadiyat Island topped the list with a value of AED 8.9 million, followed by Yas Island which occupied four consecutive positions, totaling about AED 23 million

  • ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...

    The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange.

    The Index tracks the performance of the 30 most liquid Shariah-compliant Indian stocks listed on the BSE.

  • ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...

    The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.

    The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.