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.
  • Mubadala Investment Company (Mubadala) has revealed that it signed two agreements to facilitate investments in sectors of mutual priority and...

    The agreements are part of economic deals valued at more than €15 billion signed between Emirati and French companies

    The first agreement between Mubadala and Bpifrance will see the co-investment partnerships between the two companies extended by an additional €4 billion

  • American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised...

    BuzzFeed said it had finalized a merger with 890 5th Avenue Partners, a special purpose acquisition company (SPAC), which aims to raise funds through an initial public offering

    Its shares are expected to start trading on the Nasdaq on Monday under the ticker symbol "BZFD"

  • ‘The delivery sector has become critical to the hospitality industry's survival,’ says Deliverect Middle East General Manager Naji Haddad.

    The explosive rise of online food delivery is forcing restaurants to change how they operate

    Restaurants needed to survive through the pandemic, and now they need to stand out from the competitors

  • Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

    Jordan has invited investment from an industrial and economic delegation from Russia

    The Russian delegation represented three Russian provinces

  • Extremists are abusing its new photo-sharing rule.

    Twitter has noted that its teams have made errors in enforcing its new policy that disallows posting images of people without their consent

    It said it has corrected those, errors and is undergoing an internal review to make certain that this policy is used as intended

  • The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.

    The agreement is said to have called for members countries and groupings to create domestic regulation for services

    Such regulations would ‘improve the business climate, lower trade costs, and cut red tape so as to facilitate services trade worldwide’

  • Samsung Engineering has bagged a $1.23 billion contract from Aramco to develop Jafurah Gas Process Package 1, a major project...

    It is part of the Jafurah shale gas field development located 400 km east of capital Riyadh and is expected to be completed in 2025

    The goal of the project is to produce shale gas, natural gas liquids (NGL), ethane, sulphur and stabilized condensate

  • Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the ‘Noor Energy 1 Visitors Centre’...

    The Noor Energy 1 Visitors Centre features an exhibition that chronicles the history of energy as well as future energy technologies.

    When fully operational, Noor Energy 1 will be the largest single-site concentrated solar power plant in the world.

  • Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as...

    Shell, which has a 30-percent interest in the North Sea development, said late Thursday that the investment case was simply "not strong enough"

    The decision comes after major powers last month agreed at the COP26 climate summit in Scotland to curb the use of fossil fuels

  • The Louvre Abu Dhabi's license has been extended by 10 years to 2047, the French presidency said Friday during a...

    The French president and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed agreed to the "extension for 10 years of the partnership over the Louvre Abu Dhabi

    The move will see Abu Dhabi pay 165 million euros ($186 million) between 2022 and 2023 for the extra decade