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.
  • Licensed companies and small and medium enterprises (SMEs) accounted for 51 per cent of Ajman Free Zone’s total procurement of...

    Ajman Free Zone covered 27 per cent of the total purchases and contracts of SMEs alone during the same year.

    The Free Zone's procurement policy benefits investors and business owners from more than 165 countries, said Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of AFZ Board.

  • The projects will be set up in the Mazaya warehouses.

    The first agreement is on the establishment of a complex for the trade of plastic products

    The second agreement is to establish a complex to assemble communications equipment

  • "As part of the Steel Week, one-to-one meetings were held with leading players in steel production and logistics industries based...

    "One-to-one meetings were held with leading players in steel production and logistics industries based in the UAE," the Indian Ministry of Steel said in a statement

    The Indian government has recently launched a flagship scheme for specialty steel called Production-Linked Incentive

  • ChequeScore is an app released by the UAE government-owned Al Etihad Credit Bureau, and can predict the possibility of a...

    The UAE issued 21 million cheques in 2021, with an average value of $13,900

    Despite the recent decriminalization of cheque bounces, UAE businesses must still consider the risks connected with them

  • Evergrande and all its units halted trading in Hong Kong on Monday.

    On Monday, the company announced that trading would be ‘halted’, bit did not give a reason

    Shares of Evergrande Property Services Group and China Evergrande New Energy Vehicle Group were suspended

  • Zain Saudi Arabia launched the largest 5G network in the region.

    The two entities will also work together to define autonomous driving network-level criteria and explore new use cases.

    Zain Kuwait’s 5G data traffic already accounts for 46 percent of its total wireless traffic.

  • Top crude exporter Saudi Arabia announced a "temporary reduction" in oil output at a facility run by energy giant Aramco...

    The Iran-backed Houthis, against whom Saudi Arabia leads a military coalition in Yemen, have repeatedly targeted the kingdom, including Aramco's sites

    The latest round of attacks comes after an oil refinery in the Saudi capital Riyadh was targeted on March 10 by a drone, an operation claimed by the Huthis

  • Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to...

    The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK

    An official announcement from Mubadala or CityFibre could come as early as Monday

  • The Ajman Business Women's Council and Umm Al-Moumineen Women's Association in Ajman will now work together to empower women. The...

    Ajman Business Women's Council and Umm Al-Moumineen Women's Association signed an MoU to work for women empowerment.

    The focus of both the organizations will be on increasing women's contribution to the process of sustainable economic development.

  • The company's profit declined to $27.4 million in 2021.

    Despite an increase in revenues by 9.2 percent to SR569 million during the same period, profits declined due to cost of revenue and “increase in projects on-hand"

    Although profits dropped, the firm's board of directors approved SR1.5 per share as a dividend for the second half of 2021