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.
  • London's Heathrow airport announced Wednesday it narrowed annual losses only slightly in 2021 despite the reopening of global air travel,...

    The airport, one of the world's busiest hubs, had already suffered a £2 billion loss in 2020 as the pandemic grounded flights worldwide.

    The UK aviation sector had strongly criticized the British government over its long-lasting travel curbs that especially hit the tourism industry.

  • ADNOC L&S' LNG Carrier Ish will be used as a Floating Storage Facility.

    Under the agreement terms, starting Q3 2022, AG&P will use the carrier for the first LNG Import Terminal in the Philippines at Ilijan in Batangas Bay (PHLNG).

    The vessel is part of a fleet of eight LNG vessels operated by ADNOC L&S and is currently under contract to ADNOC LNG, a subsidiary of ADNOC.

  • Iraq is looking to partner with Halliburton Co. and Aramco to tap into oil and gas reserves in the Western...

    The Iraqi ministry is finalizing the commercial terms of work

    The country is also discussing with Aramco the possibility of funding and developing a natural gas field, also known as Akkas

  • Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to...

    With the order book 53.8 times oversubscribed, the final offer price has been set at SR73 per share, according to a bourse filing

    Individual subscriptions will be invited between Feb. 27 and March 1, offering a maximum of 2.55 million shares

  • The rise in exports was 7 percent when compared to November of the same year.

    Exports to Israel increased in December by 12 percent compared to November

    Exports to other countries decreased by 19 percent during the same period

  • Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.

    Aircraft movements grew to 4,630 in January, 127.2 percent up from the same period last year

    Air freight traffic also reached 4,048 tons in January, 13.6 percent up from the same period in 2021

  • The decree implemented on an "emergency" basis took effect on Friday based on a 'request' of a former government of...

    US has imposed restriction on importing ceramics, paintings, glass, ivory, ancient textiles, tiles and wood pieces from Afghanistan

    This regulation on import could be troublesome for collectors or curators who already have items on their way to the US

  • The failure of countries to crack down on the marketing of breast milk substitutes means far too many children are...

    The $55-billion formula milk industry is said to systematically deploy aggressive marketing strategies

    It is said to spend up to $5 billion a year to sway the decisions of parents on how to feed their infants

  • Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months,...

    Wafa Telecom will become Syria's third telecoms operator in a market currently controlled by Syriatel and MTN

    Wafa Telecom CEO Ghassan Saba said the company relied on foreign expertise, amid reports of Iranian investments in his firm

  • The drop followed reports that the Ant Group was being probed.

    Chinese regulators launches a wide-ranging crackdown on alleged anti-competitive practices by Alibaba and other domestic tech giants

    Chinese Food delivery giant Meituan shares has plummeted over 20 per cent since Friday which is the biggest fall of the stock