INSEAD Day 4 - 728x90

Business

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.

Economic forum in Amman to enhance trade ties between Iraq, Jordan

AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...

Business

Dubai records over US$2.6bn in weeklong real estate transactions

DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...

Business
Business

ADNIC nine-month profit at $90m

Its profit in the first nine months last year was $77 million.
  • ADNIC’s overall premium retention ratio reached 33.5 percent for the nine months of 2021
  • This was in comparison with 32.7 percent for the same period last year
Business

Toshiba to split business

New units to focus on infrastructure, devices, semiconductor memory
  • The Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory
  • The Nikkei noted that splitting up conglomerates had been a successful strategy for some firms in the United States, including Hewlett-Packard
Business

39% of Sub-Saharan Africa firms lack anti-bribery controls: survey

The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.
  • The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
  • More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Interview

Where do Arab countries stand on fintech?

Financial technology, or fintech, automates and improves the delivery of financial services.
  • Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
  • Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Business

Virgin continues space ticket sale

The current fare is $450,000 per seat.
  • Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
  • In total, the company has now sold 700 space tickets, according to a spokesperson
Geostrategy

Iran, Oman discuss ways to promote private sector and medical tourism

Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...
  • The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
  • Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
Business

AlUla will become top tourist destination: French ambassador

Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...
  • He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
  • The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
Business

AD Ports subsidiary forays into construction logistics market

MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by...
  • The acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles
  • The new tipper fleet will be fully equipped with pre-installed fleet management systems
Business

Emaar Malls Q3 net profit $122m

The profit is 86 percent more than that of Q3 2020.
  • The revenue rose to 1.14 billion dirhams from 839 million dirhams in the same period last year.
  • Occupancy at key assets of Emaar was 91 percent during the quarter.
Business

Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening...
  • It will launch the outlets in Riyadh and Alkhobar
  • The design for Riyadh is now complete and the contract is expected to be awarded soon

Economic forum in Amman to enhance trade ties between Iraq, Jordan

AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...
Business

Company News

Latest News

Toshiba readies deal to go private

The 14bn deal comes after years of turmoil for the company.
Business

Qatar non-energy private sector firms record strong growth in July

Doha, Qatar -- Non-energy private sector companies recorded the second highest growth in 2023 so far, according to the latest...
Business

Milaha posts marginal profit in H1

Its net profit jumped 1.1 percent to US$178 million.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Oman’s natural gas production climbs up 2.3 percent at June end

Muscat, Oman-- Oman's total domestic production of natural gas shot up 2.3 percent to 26.19 billion cubic meters (CBM) until...
  • According to the National Center for Statistics and Information (NCSI), industrial projects accounted for 58.7 percent of the natural gas use at 15.39 billion cubic meters
  • Data showed that the total use of natural gas for oil fields amounted to 6.76 billion cubic meters, power plants at 3.89 and industrial areas at 131.50 million cubic meters
Business

To boost tourism, Saudi Arabia expands visitor e-visa to eight more countries

Riyadh, Saudi Arabia-- Looking to boost leisure, business and religious travel to the kingdom, Saudi Arabia will grant visitor e-visa...
  • The kingdom's visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days
  • The oil-rich country has seen rapid growth in tourism due to its visa initiatives, which now include 57 nations
Business

UAE tops MENA startup funding, followed by KSA, Egypt

MENA startups secured US$95 million in July 2023 across 31 deals; equity investments hit US$55 million, boosted by One Moto's...
  • MENA startups secured US$95 million in July 2023 across 31 deals; equity investments hit US$55 million, boosted by One Moto's US$ 40 million round
  • UAE startups garnered US$14 million without One Moto's contribution, while Saudi' Arabia's Foodtech Kaso clinched US$10.5 million in its Seed round