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.
  • Stock markets across the MENA region suffered losses on Sunday as dip in oil prices and mounting concern over ‘Omicron’...

    The Saudi stock market's main index falls by more than 5% to 10,700 points

    The Abu Dhabi Stock Exchange index (ADX) drops by 2.6% to 8230 points

  • The Dakar rally will be raced across the daunting deserts of Saudi Arabia again in 2022 with organizers on Sunday...

    The January 1-14 endurance test will be a third Dakar rally in Saudi Arabia

    The landscape and backdrop of the course is similar to the last edition, and it begins and ends after 12 stages in the port city of Jeddah

  • As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across...

    The global shipping industry suffered like every other industry in 2020 due to the Covid-19 pandemic

    It was expected to bounce back like all of them, and thereby spearhead the global economic recovery

  • It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.

    The @Hack event is considered the biggest cybersecurity conference in both Asia and Africa, and registration is free of charge

    It is expected to be help the SAFCSP achieve the goal of having one programmer out of every 100 Saudis by 2030

  • The Omicron variant of Covid-19 has led to travel restrictions, which has forced the WTO to postpone the ministerial conference...

    The meeting was the World Trade Organization ministerial conference, the global trade body’s biggest gathering in four years

    It has been cancelled a second time as it was originally scheduled for June 2020

  • The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both...

    PIF owns a 62.72 percent stake in Lucid Electric Vehicles Company, which has a current market value of $71 billion

    More than 331,000 people in Saudi Arabia have found work due to the Fund establishing 26 local businesses and assets

  • It has stopped flights to South Africa, Zimbabwe, and Mozambique.

    The cities affected are Johannesburg, Cape Town, Durban, Harare, and Maputo

    The restriction on travelers and flights will reportedly remain same until further notice from the WHO

  • This partnership is expected to support UAE Industry 4.0.

    The program, overseen by MoIAT and Siemens, will address a broad range of topics

    The aim is to accelerate the transformation of the manufacturing sector towards industry 4.0 in the UAE

  • Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.

    The age limit for overseas pilgrims to perform Umrah was between 18-50

    On average, 18.5 to 20 million people visit Saudi Arabia every year to perform Umrah

  • EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched...

    It said the new application will feature a wider range of brokerage services, a fully digitized on-boarding process, a digital payment gateway and more

    The app now also features a digital payment integration system powered by PayTabs Egypt, enabling users to process payments simply and efficiently