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.
  • Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.

    The lightweight metal price has been increased as high as $3,382.50 per tone

    Analyst Daniel Briesemann said that the rise in price of the metal was expected

  • The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.

    The central bank measures are intended to provide ‘additional liquidity to the banking sector’ in Russia

    This, as Western sanctions loom after the military operation announced by Vladimir Putin against Ukraine

  • Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

    Russian gas accounts for about 40 percent of the European market, leaving it highly exposed to supply disruptions due to the conflict

    A similar logic applies to the 2.3 million barrels of Russian crude that heads west each day through a network of pipelines

  • The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other...

    The metaverse is a 3D virtual world where people will be able to interact using sensors, head gear and other gadgets

    Formidable rivals such as Apple, Google and Microsoft seem poised to compete with Meta on the new virtual terrain

  • Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.

    Net profit for the final quarter last year came in at $5.64 billion, bringing 2021's total to $19.88 billion

    Petrobras said this was a stark contrast to 2020's total of just over $1 billion due to effects of the pandemic

  • According to the UN, a full-scale Russian invasion on Ukraine would have a devastating global impact that would likely spark...

    The crisis comes as governments struggle to contain runaway inflation fueled by demand as life returns after recent Covid-19 lockdowns,

    World Markets have been hammered since a week as the Kremlin recognized Ukraine's rebellion and said it would provide "peacekeepers" to the regions

  • Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general...

    Qatar Airways and Airbus have tussled for months over the deterioration of aircraft paint and lightning protection

    Kuwait plans to announce an agreement to restructure the national airline fleet of Airbus aircraft

  • Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

    The retail offering was 12.63 times covered after allocating one million shares to individual investors

    The share offer price was set at Saudi Riyal 82 ($22), Aldukheil Financial Group said in the statement

  • The United Arab Emirates said Wednesday it plans to buy a dozen Chinese L15 aircraft, as it seeks to bolster...

    In December, the UAE threatened to scrap its mega-purchase of US F-35 fighter jets, protesting stringent conditions amid Washington's concerns over China

    The value of the deal was not disclosed

  • The exchange is based in Dubai Multi Commodities Centre.

    Dubai Multi Commodities Centre said the office is set to increase the ease of doing business for Israeli diamond companies.

    The opening comes a day after DMCC announced that the UAE has become the world’s largest rough diamond trade hub.