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 UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job...

    The program will be steered by Emirati Talent Competitiveness Council (ETCC) in cooperation with the Federal Youth Authority.

    The program targets Emirati talents and connects them with private sector firms which are searching for qualified Emirati professionals to fill the job vacancies.

  • The significant increase in the UAE’s industrial exports coincided with 220 new facilities commencing production in 2021, said Minister of...

    With the help of National In-Country Value (ICV) Programme, UAE pushed $11 billion back into the local market, the minister said.

    UAE rose five places in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.

  • The DFSA alleges that the group founder Arif Naqvi was knowingly involved in misleading investors over the misuse of their...

    The DFSA alleges that the group founder Arif Naqvi was knowingly involved in misleading investors over the misuse of their funds by Abraaj Investment Ltd

    The authority says that the fine reflects the seriousness of Naqvi's alleged misdoings and is based on his earnings from the Abraaj Group

  • Emirates Islamic’s net profit jumped to AED 823 million ($224 million) for 2021 on higher non-funded income and a significant...

    The total income rose by 15 percent due to higher non-funded income.

    Emirates Islamic's major achievements was the successful issuance of a $500 million 5-year Sukuk, the bank said.

  • The investment in electric vehicles spread over next 5 years.

    Nissan, Renault and Mitsubishi Motors said the latest outlay followed $11 billion already spent on its "offensive strategy in electrification".

    The alliance vowed to boost cooperation by using five common manufacturing platforms for most models.

  • Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the...

    Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the challenges of climate change

    The CEO of the Saudi "NEOM" company stressed pursuit of serious and real cooperation with Jordan to move forward with the implementation of economically feasible projects

  • This marks a 19 percent increase year-on-year.

    Asset quality metrics remained healthy, underpinned by prudent risk management and the relief measures under the UAE Central Bank TESS programme

    Zayed Al Nahyan, chairman of the FAB, added that FAB's Board of Directors recommends a dividend per share of 70 fils equivalent for the full year ended 31st December 2021

  • Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations...

    Chairman of the Federation of Saudi Chambers Ajlan Al-Ajlan recommends establishment of joint companies and an e-platform to promote Russian and Arab products.

    Al-Ajlan also stressed the importance of overcoming financial and banking obstacles and stimulating Russian banks to open branches in Saudi Arabia.

  • The countries comprise Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe.

    The countries comprise Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe

    In addition, the entry measures have been updated for travelers coming in from Uganda, Ghana and Rwanda from January 29

  • Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand...

    Intel revenue for last year tallied $79 billion, some $20.5 billion of which it took in during the final three months

    Profit for 2021 totaled $19.9 billion, about five percent less than the net income in the prior year