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.
  • A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities...

    The joint cooperation is to support economic cooperation, scientific research and joint business development

    The delegation met King Abdullah, and was briefed on trade and investment opportunities in the Kingdom

  • The Jeddah-based pharma retailer plans to float 30 percent of its capital.

    The Jeddah-based pharma retailer made revenues of SR8.6 billion ($2.3billion) during the year

    Nahdi currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE

  • Digital economy has driven the startup investment upsurge in the MENA region in 2021.

    In 2021, more than 50 per cent of the world’s private investment funding went to startups in the United States.

    The other four top countries with the most private funds invested are China, the UK, India and Germany.

  • Thousands of Iranian teachers have protested in more than 100 cities against delays in salary and pension reforms, a local...

    The teachers have for months demanded that the government speed up the implementation of reforms that would see their salaries better reflect their experience

    The demonstrators have also demanded that their pensions be aligned with those of other public sector employees

  • Total revenue nearly doubles to reach $99.5m in 2021.

    Revenues from fees and commissions increased by 34.3 percent compared to 2020 to reach KWD20.2m.

    The company said it raised over $1.1 billion for several products and transactions, distributed around $235mn to clients.

  • Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia,  has posted a 30 percent increase in...

    The company's sales soared to SR7.25 billion, jumping 23 percent year-on-year in response to a growth in the hospital segment and higher patient occupancy

    its board recommended the distribution of SR245 million in cash dividends to 350 million eligible shares at SR0.7 per share for the fourth quarter of the fiscal year 2021

  • Arriyadh Development Co. posts a forty percent jump in net profit to $85 million for 2021.

    Results were derived from the associate company's business, as well as the increase in operating and rental revenues

    The company will distribute cash dividends of SR88.8 million to the shareholders for the second half of 2021

  • Al Rajhi Bank has recommended a sixty percent increase in the bank’s capital to $10.7 billion.

    The capital will be increased by granting SR15 billion in bonus shares to the bank’s shareholders

    The eligibility to get bonus shares will be given to shareholders owning the stocks by the end of the trading day of the bank’s Extraordinary General Assembly meeting date

  • The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the...

    The MoU was signed by the Ministry of Health and Prevention of the United Arab Emirates (UAE)

    It was inked with Janssen Pharmaceutical Companies of Johnson & Johnson, and healthcare consulting firm Axios

  • Cancelled dates over supposedly positive Covid tests and disrupted travel plans due to lockdowns are ruses that feed into the...

    Thousands of people fall prey to 'romance scams' every year, whose numbers rose during the Covid pandemic

    Cryptocurrencies and untraceable online transaction is fueling scams with bogus investments and gift cards