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 profit rose by 99 percent compared to Q3 2021.

    In the same period, the airline posted a turnover of AED1.6 billion, a 100 percent increase compared to the same quarter of last year.

    The Airline said that more than 3.9 million passengers flew with Air Arabia Group between July and September 2022 across the carrier’s six hubs.

  • Firm is suffering from slowdown in China's economic growth.

    The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.

    ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.

  • Firm to transfer it equity interest to JV partner Sollers.

    Mazda stopped shipping parts to Russia in March and ended operations the following month.

    The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.

  • Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing...

     The final offer price is expected to be announced on 18 Nov. 2022. Listing of the shares and trading on DFM is expected to begin 29 Nov. 2022.

    The company is seeking to raise total capital of $204 million from the IPO, whose net proceeds will be used to expand its premium K-12 segment, Taaleem said in a statement.

  • Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

    Emirates has bounced back into the black after its losses during the pandemic, the airline said.

    The airlines operations recovery accelerated as more countries eased and removed travel restrictions.

  • The company's revenue grew 17.8 percent year on year.

    The company said the net profit increased mainly due to the Group’s service mix "delivering improved yield and utilization across the network".

    The company raised AED1.1 billion ($299.49 million) after offering a 11 percent stake in an IPO, which was oversubscribed 29 times to over AED32 billion.

  • The global technology and investment conglomerate pledged to achieve net-zero for Scope 1 and 2 emissions.

    The global technology and investment conglomerate pledged to achieve net-zero for Scope 1 and 2 emissions

    It will focus on reducing its carbon footprint through improving energy efficiency and sourcing renewable energy among other initiatives

  • The food firm's revenue shot up to $260 million in Q3.

    Its net profit was up 14 percent to $11 million during Q3 of 2022

    Agthia lasty year also acquired Egypt’s meat producer Atyab as it seeks to expand in the country’s consumer packaged goods industry

  • Medibank, Australia's largest private health insurer, confirmed this week that hackers had accessed the information of 9.7 million current and...

    Medibank hack and an earlier data breach impacting nine million customers at telecom company Optus has raised questions about Australia's ability to repel cyber criminals

    The group behind the attack appears to be pressuring Medibank by hunting for the most potentially damaging personal information within the records

  • Intended to support the transition to renewable energy in developing nations, the United States launched a partnership with private funds...

    Climate campaigners have criticized the US scheme, launched a day after a UN expert panel said carbon credits should not be used to "offset" emissions

    Companies, like Microsoft and Pepsi who have expressed interest in the plan, would invest in renewable energy projects, allowing countries to show reductions in emissions