INSEAD Day 4 - 728x90

Business

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

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

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

Business

UAE places sixth among world’s most popular Muslim-friendly destinations

Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...

Business
Business

Mawani adds FRS1 shipping service to Jeddah Islamic Port

Jeddah, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added  CStar Line's new Far East-Red Sea service (FRS1) to...
  • The service connects the port to to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt.
  • This move is part of Mawani's efforts to improve the Kingdom's ranking in global performance indicators and support national export activity.
Business

Dubai real estate transactions exceed $117.34 billion in first half of 2025

The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in...
  • According to data issued by the Dubai Land Department, the number of real estate transactions reached 125,538, up from 99,947 during the same period in 2024, an increase of 26%.
  • Women played a pivotal role in driving market activity, investing AED73.2 billion during this period with 34,792 transactions made by 30,487 female investors.
Business

UAB net profit up by 50% for H1

Total assets increase by 11 percent.
  • Total income rose by 24 percent YoY to AED 374 million.
  • The increase in net profit reflects significant growth in total assets—up 11 percent from December 2024—and the Bank’s disciplined approach to risk management.
Business

Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn

Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
  • Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated the sector plays a pivotal role in the emirate's growth.
  • He said the H1 results indicated a rising demand for properties and confirm the emirate’s attractiveness to investors and its strong competitive edge.
Geostrategy

G20 nations agree central bank independence ‘crucial’

The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
  • This week he suggested he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve headquarters.
  • The G20 is made up of 19 nations and two regional organizations and its members account for more than 80 percent of the world's economic output.
Business

Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion

San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
  • The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
  • Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.
Business

Global markets rise as Trump weighs future of Fed boss

US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
  • The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
  • Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.
Business

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.
  • The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
  • That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.
Business

Coca-Cola agrees to use real cane sugar in its US production

Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...
  • The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
  • "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform
Business

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.
  • This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy to consolidate its international growth investments under XRG.
  • ADNOC is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer.

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.
Business

Company News

Nissan to shrink EV production costs

Italy’s Enel doubles net profit

Lamborghini sales up in 2023

EGA to acquire Leichtmetall

Reddit to make trading debut on NYSE

Latest News

UAE foodservice sector set for continued growth through 2030: Deloitte preview

The UAE’s foodservice sector continued to grow in 2025 and is expected to expand further through 2030, even as the...
Business

Sharjah Islamic Bank Q1 profit rises 19.4 percent

Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing...
Business

Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia

Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

National Bonds reports record 2025 results as funds exceed $4.9 billion

National Bonds said it posted its strongest annual performance in two decades, with bondholders’ funds surpassing $4.9 billion in 2025....
  • The company has distributed more than $1.09 billion in profits and rewards since inception.
  • National Bonds said it has helped create 232 millionaires through disciplined savings programs.
Business

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • The company plans to scale its mobility and convenience platform, including EV charging and AI-enabled initiatives.
  • ADNOC Distribution said two upcoming dividend payments will total $525 million, subject to board approval.

AD Ports records $564 million 2025 net profit

The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong...
  • The company said its customer base grew by nearly 20 percent in 2025, while spending by its top 10 customers rose around 40 percent.
  • AD Ports also said it would raise about $1.25 billion through an asset monetization programme.