INSEAD Day 4 - 728x90

Business

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Ajman real estate transactions reach $2.94 billion in first half

Dubai, UAE -- Real estate transactions in Ajman totalled more than 10.8 billion dirhams ($2.94 billion) in the first half...

Business

DFDF backs MetaProp to boost PropTech investment

Dubai, UAE -- Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV LP, making the New York-based...

Business
Business

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn
  • ADNOC L&S’s Q2 revenue increased by 40 percent year-on-year (YoY) to US$1.258 billion (AED 4.618 billion)
  • In H1 2025, the company’s revenue was $2.439 billion (AED 8.9 billion), a 40 percent YoY increase.
Business

Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber

Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...
  • Globally, there are approximately 90,904 AI companies as of 2024, which places Abu Dhabi’s AI company count as a notable concentration within the global landscape.
  • Abu Dhabi Chamber has revealed that over 58 percent of all AI firms in the emirate are dedicated to innovation, research, and consultancy.
Business

Nvidia, AMD to pay US 15% of AI chip sales to China: reports

Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government...
  • Investors are betting that AI will transform the global economy, and last month Nvidia became the first company ever to hit $4 trillion in market value.
  • The US has been restricting which chips Nvidia can export to China on national security grounds.
Business

Hospitality leaders to gather in Dubai for Commercial Strategy Conference

Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for...
  • The eighth annual conference will showcase the industry's brightest minds and future leaders.
  • Attendees can fast-track professional development with pre-conference certification courses and networking.
Business

Dubai records over 4,000 new-real estate activities in H1 2025

Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the...
  • Real estate brokerage services for property sales topped the list with 2,301 activities.
  • This was followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector’s expanding broker network.
Business

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.
  • Revenue for Q2 grew by 24 percent to reach SAR 27.7 billion ($7.38 billion), while gross profit rose by 42 percent to SAR 7.4 billion.
  • Operating profit increased by 21 percent to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22 percent year-on-year increase.
Arts & Culture

Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know

Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...
  • The dozen-plus cartoonish AI creatures have fast become memes, inspiring a stream of new content such as "Brainrot Rap", viewed 116 million times on YouTube.
  • A YouTube Short titled "Learn to Draw 5 Crazy Italian Brainrot Animals" -- including a cactus-elephant crossover named "Lirili Larila" -- has also been watched 320 million times.
Business

Accumulating bitcoin a risky digital rush by companies?

London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
  • Companies frequently own bitcoin, the largest cryptocurrency by market capitalisation, to take part in sector activities such as "mining"
  • Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.
Business

OpenAI releases ChatGPT-5 as AI race accelerates

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
  • ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
  • Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
Business

DEWA profit after tax $789m

It will pay $843m in H1 dividend.
  • The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
  • DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.

Ajman real estate transactions reach $2.94 billion in first half

Dubai, UAE -- Real estate transactions in Ajman totalled more than 10.8 billion dirhams ($2.94 billion) in the first half...
Business

Company News

Tesla reports drop in auto sales

FAB, Microsoft forge partnership

Google to delete incognito search data

ADQ launches new firm in healthcare sector

Liberty Media buy MotoGP

Latest News

Emirates breaks ground on Dubai South engineering hub

The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business

ADNOC-led partnership targets $30 billion infrastructure investments

The partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate...
Business

UAE executives face growing accountability over AI strategies

A new Dataiku study shows UAE CEOs increasingly view AI performance, governance and accountability as defining measures of leadership success.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
  • During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Business

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.
  • Mashreq posted first-quarter net profit growth as revenue, lending and deposits expanded strongly year-on-year.
  • Non-interest income rose sharply, highlighting diversification as regional geopolitical uncertainty weighed on operating conditions.
Business

TECOM profit climbs

High occupancy across assets boosts earnings.
  • TECOM lifted recurring profit as occupancy, rental rates and cost discipline strengthened margins.
  • Commercial and industrial portfolios remained nearly full, supporting resilient cash flow and customer retention.