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.
  • The Board of Directors of both Nakheel and Meydan will be abolished.

    Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum directed the two to merge under Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum

    He said the goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors

  • RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

    The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.

    These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.

  • The oil and gas strike is the first of 2024.

    The oil and gas strike, the first of 2024, was in the Stabroek block, the company said Friday

    Drillers "encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone," Exxon said

  • "The demand from certain sectors indicates a strong interest in First Class, prompting us to introduce a newly-designed First Class...

    Qatar Airways CEO, Engr. Badr Mohammed Al Meer, emphasizes innovation in elevating customer experience amidst growing competition.

    Digital innovation drives organizational efficiencies, supporting the expansion of Qatar Airways into growth markets like China and India.

  • The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, says Kathryn Martin of VFS Global.

    This initiative, led by companies like VFS Global, not only enhances employee well-being but also promotes gender equality and diversity in the workplace, she adds.

  • SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

    The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance.

    In 2023, Air Arabia added 26 new routes to its global network from its operating seven hubs.

  • The two companies have signed a three-year partnership.

    This collaboration allows for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.

    The companies will also collaborate on reaching the younger generation, with joint participation in events like the Dubai Esports Festival.

  • RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...

    This translates to a non-oil economy valued at US$$453 billion (SAR1.7 trillion) at constant prices.

    Non-oil economy is valued at $$453 billion at constant prices, fueled by growth in investment, consumer spending and exports.

  • British telecoms giant sold the business for US$8.7 billion.

    Vodafone has been on a cost-cutting campaign that has included layoffs and the offloading of divisions abroad

    Its CEO said the deal with Swisscom marked the "third and final step in the reshaping of our European operations"

  • The alliance will take on China's dominant EV makers.

    The MoU could include cooperation on a common EV powertrain and joint procurement of batteries and other components

    The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details at this point in time