INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

  • Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute...

    Top 100 arms producers recorded rise in profits by 1.3 percent on 2019 to $531 billion

    Of the top countries in the weapon industry, only France and Russia saw a fall in their firms' sales last year

  • A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to...

    The Business Journey Report combines analysis, key data and infographics relating to the socio-economic landscape.

    The key focus for Qatar's vision 2030 is the country’s ongoing economic diversification and private sector development agenda.

  • The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank)...

    The financial support will assist in boosting Afreximbank's liquidity to grow its loan portfolio as it finances exports and imports in critical sectors

    The OPEC Fund's loan will address trade challenges impacted by the COVID-19 pandemic

  • The $6.2 bn contracts are meant for expansion in Ruwais

    With this expansion, Borouge said it will become the world’s largest single-site polyolefin complex.

    Borouge 4 will boost the company’s annual polyolefin production to 6.4 million tons.

  • The IHC subsidiary starts trading under the ticker MULTIPLY.

    Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.

    The group has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.

  • Metaverse has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself...

    As far back as 2006, a real-estate developer made headlines after making $1 million from land sold on the virtual world site Second Life

    While Second Life remains active, proponents of its next-generation rivals are benefiting from VR technology and NFTs

  • According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...

    According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million

    Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million

  • The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...

    The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet

    Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio

  • The Saudi Arabian Military Industries, a subsidiary of the Public Investment Fund, launched a joint venture with French company Figeac...

    The company said that the joint venture’s revenue would reach $200 million by 2030 and the ownership would be divided among the two countries

    SAMI also signed an agreement with Airbus to form a joint project specialized in military aviation services and maintenance

  • Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government...

    A kantar is the official Egyptian weight unit for measuring cotton

    It is equal to either 157 kg of seed cotton or 50 kg of lint cotton