INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

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.
  • The Q4 2022 profit was down 78% compared to Q4 2021.

    Alba achieved revenue of $1.22 billion in Q4 2022 versus $1.39 billion for the same period in 2021, a drop of 12 percent.

    The revenue for 2022 stood at $4.89 billion, up by 16 percent compared to $4.21 billion for 2021.

  • Dupixent drug has been a huge success for the firm.

    Sanofi is aiming for US$10.9 billion in sales of Dupixent this year.

    The company's net profit rose by eight percent in 2022.

  • They will upgrade an FPSO vessel for the Rosebank field in the UK.

    The JV signed its first contract with Altera Infrastructure, a global energy infrastructure services group, to upgrade, refurbish and electrify the FPSO, the Petrojarl Knarr.

    The vessel will be redeployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking.

  • Cairo, Egypt---Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest...

    The 54th Cairo International Book Fair was overshadowed by a punishing economic crisis that has seen Egypt's currency halve in value and prices skyrocket in the past year.

    To incentivize readers, Egypt's publishers' association has encouraged sellers to give the option of buying books in instalments through popular buy-now-pay-later services.

  • Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it...

    Google saw a slump in its crucial advertising sales, which were slightly better than analysts had projected, according to data compiled by Factset

    Apple's revenue was $117.1 billion, down 5.4 percent from a year ago for the same quarter a year earlier, missing what analysts had forecast

  • Adani himself has seen his fortune plummet by tens of billions of dollars, dumping him out of the real-times Forbes rich...

    Adani Enterprises fell 10 percent at the open, while Adani Power, Adani Green Energy, Adani Total Gas and Adani Transmission were also suspended when they hit their trading stops

    The conglomerate's combined market capitalization has plummeted by more than $100 billion since US short-seller Hindenburg Research released an explosive report last week

  • Earnings per share amounted to QR 0.165 in 2022.

    The company, which was established in December 2018, added in a statement on the Qatar Stock Exchange website that the earnings per share (EPS) amounted to QR 0.165 in 2022

    The board of directors recommended distributing cash dividends to shareholders for the year 2022 at QR0.09 per share, a nine percent of the share's nominal value

  • The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to...

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners

    By 2025, the GCC will contribute roughly 1.5 percent of the income generated by the global gaming sector as the industry is anticipated to grow at a CAGR of 22.5 percent

  • Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed...

    The French energy giant had signed the US$10-billion contract with Iraq in September 2021.

    The partnership has struggled to materialize amid reported signs of discord between the two sides.

  • Baghdad is currently heavily dependent on neighboring Iran for its electricity and gas and has sought to diversify its energy...

    Iraq's foreign minister said Riyadh was ready to back Saudi companies investing in Iraq and welcomed it.

    Despite being oil-rich, Iraq suffers from crumbling infrastructure and public services, after decades of conflict.