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.
  • It recorded the profit at $256m in the first nine months of 2022.

    According to data issued by the bank, published on Qatar Stock Exchange website today, earnings per share amounted to QR 0.30 in the period ending on Sept. 30, 2022

    Doha Bank was established in 1979, with a capital of $852 million

  • Airbus will make a one-off payment of 1,500 euros for all employees in its four founding nations, UK, France, Germany,...

    Airbus has decided that an exceptional premium will be paid before the end of 2022 to all Airbus* employees," including senior management, the company said

    In a message to emloyees, Airbus said that widespread price rises is placing a heavy financial burden on companies and it also applies to airline's employees

  • International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the...

    It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors

    Technology mergers and acquisitions in 2021 increased by 71 percent from 2020 levels, with dealmaking totalling US$1.1 trillion

  • It received a dividend of $553m from its subsidiary, EMPOWER.

    DEWA intends to seek approval to make a one-time special dividend payment to its shareholders

    Its CEO said that the company will continue to look for ways to optimize total returns for our shareholders

  • Sales of Al Barakah silan in Israel have tripled to 3,000 tons over the past two years, making Israel the...

    Sales of Al Barakah silan in Israel have tripled to 3,000 tons over the past two years, making Israel the fifth largest market for its date syrup, says a top company official

    Israeli-UAE normalization has facilitated the transport of date products, by enabling direct shipping to Haifa and Ashdod ports in Israel, adds operations director Yousuf Saleem

  • The diversification of revenue streams boosted the bank's profitability.

    The bank reported a non-interest income of US$259 million (AED 952 million).

    ADCB said its operating income surged by 21 percent to reach US$955 million (AED 3.510 billion).

  • "Negotiations with the European league began eight months ago, and its goal is to involve a club from Dubai in...

    Euroleague, which bills itself as second only to the NBA, is Europe's top basketball club competition and Real Madrid has won it 10 times.

    The Gulf countries, although currently enjoying a resources boom, are trying to diversify their economies away from fossil fuels and attract foreign businesses and talent.

  • Empower will make 1 bn shares, each valued AED0.10, available in IPO.

    The company said that all shares to be offered represent the sale of existing shares held in aggregate by DEWA and Emirates Power.

    The subscription period will open on 31 October 2022 and is expected to close on 7 November 2022 for the UAE Retail Investors and on 8 November 2022 for Qualified Investors.

  • MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly...

    The report noted prices of education group increased by 5.1 percent.

    The prices of health group and food group surged by 3.5 percent and 5 percent respectively.

  • Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood...

    Tokyo, Sydney, Seoul and Taipei led gains after a strong performance in New York.

    The rise was sparked by a report the Fed could begin to take its foot off the pedal in its rate hike campaign.