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 company posted tepid Q3 results.

    It marked the latest bad news for the pharmaceutical giant, which has recently changed its CEO, announced plans to lay off 9,000 employees and replaced more than half of its board.

    The group now expects full-year sales in 2025 to grow by eight to 11 percent, versus the eight to 14 percent range it had expected previously, the company said.

  • Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...

    The joint venture, named Aither, was unveiled a day after Microsoft announced $15.2bn in AI and cloud computing investments in the UAE, which seeks to become a global AI leader.

    Palantir has a reach that spans the global economy, with banks, hospitals, the US government and the Israeli military among its ever-expanding client roster.

  • The deal sent US chip-maker Nvidia shares up 2.6 percent, buoyed by hopes the AI juggernaut could see access for...

    "This is not money raised in the UAE. It's money we're spending in the UAE," Smith wrote in a blog post published during a visit to Abu Dhabi.

    Smith said the investments had been encouraged by both the US and UAE governments and had involved a partnership with the country's G42 sovereign artificial intelligence company.

  • The deal is valued at $48.7 billion.

    Kenvue's Tylenol painkiller has faced Trump administration allegations of links to increased autism risks.

    Texas-based Kimberly-Clark makes a wide range of paper and cloth products, with brands such as Huggies, Kleenex and Kotex.

  • Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...

    The deal will also give access to tens of millions of more conventional CPUs that will be used for the everyday deployment of so-called agentic AI.

    OpenAI will immediately begin utilizing AWS computing, with all capacity targeted to be used before the end of 2026, and the ability to expand further in the coming years.

  • Busan, South Korea -- Rows of coffins line a university classroom in the South Korean port city of Busan, ready...

    Single-person households now account for around 42 percent of all homes in Asia's fourth-largest economy.

    A new profession has emerged reflecting that statistic: cleaners who are called in to tidy up homes after their occupants, most of whom lived alone, have died.

  • El Dorado Hills, United States -- Matt James has collected gold nuggets for years from the hills and riverbeds of...

    Though the value has fluctuated, it has effectively doubled in the last two years, reaching an all-time high of more than $4,380 an ounce in October.

    The Gold Rush transformed California, known as the Golden State, and many towns in the Sierra Nevada are working to keep that moment in history alive.

  • Dubai, UAE - Deloitte Middle East has announced the launch of its Middle East Centre of Excellence for Oracle AI...

    The center offers a dedicated regional hub to develop and deploy Oracle AI Agents across public and private sectors

    It combines global expertise with local industry experience to advance agentic AI in the Middle East

  • New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...

    Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.

    The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.

  • San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...

    The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter

    Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business