INSEAD Day 4 - 728x90

Business

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.

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Business

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Business
Economy

Masdar, Airbus sign deal

They will support growth of the sustainable aviation fuel market.
  • The two will work toward collaborating on sustainable aviation fuels (SAF), green hydrogen, and direct air capture technologies
  • Direct-air capture together with the use of SAF based on green hydrgoen can bring down greenhouse gas emissions by up to 95%
Business

Controversial sale of jewels with Nazi links fetches US$200 million

The extraordinary collection belonged to Heidi Horten who died last year aged 81, with a fortune of $2.9 billion, according...
  • The $202 million raised far exceeds the previous record, set during the 2011 auction of the jewellery collection of Elizabeth Taylor
  • More than 700 pieces of jewellery are part of this Horten collection, and is being dispersed in tranches to avoid exhausting buyers
Business

Central Bank of Bahrain Sukuk Al-Salam securities oversubscribed 197%

Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been...
  • Carrying a maturity period of 91 days, subscriptions worth $225 million were received for the BD 43 million issue
  • The issue, which begins on May 17 and matures on August 16, is expected to a give a return of 6.15 percent
Business

Strong fraud detection boosts security of UAE banks

"The UAE is well positioned to further strengthen its leadership in combating fraud, with continued investment in technology, training and...
  • The UAE's focus on digital transformation and innovation enhances fraud detection and control capabilities, says Jamal Saleh, Director General of UAE Banks Federation
  • Tasharuk platform plays a crucial role in detecting cyber risks while continued investment in technology and collaboration strengthens UAE's banking system, he adds

Vodafone to axe 11,000 jobs over next three years

"We will simplify our organisation, cutting out complexity to regain our competitiveness," added Della Valle, appointed CEO on a permanent...
  • The CEO Della Valle said the company's performance was not good enough, saying that to consistently deliver, Vodafone must change
  • Her predecessor Nick Read stepped down in early December after a four-year tenure marked by a steep fall in the company's share price
Geostrategy

Qatar and Bahrain to restart flights in signs of improving relations

Dubai, UAE-- Qatar and Bahrain have agreed to restart flights toward the end of the month, in a sign of...
  • The resumption of flights between the estranged countries, according to Bahrain News Agency, falls within "the framework of the brotherly relations between the two countries
  • In recent months, GCC countries have patched up differences with each other and begun to focus on their economies, taking advantage of high oil and gas prices
Business

2 million tourists visit Jordan in first quarter of 2023

Dead Sea, Jordan -- Almost 2 million people visited Jordan in first quarter of 2023, an 87.2 percent increase compared...
  • Tourism sector is engine of economic growth in Jordan, contributing 13% of the country's GDP, tourism minister said
  • He explained that the sector directly employs over 55,000 people, of whom 85% are Jordanians
Business

Iran invites UAE businesses to invest in transportation projects

Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country...
  • Mehrdad Bazrpash, Iran Minister of Roads and Urban Development, met with Sheikh Mansour Bin Zayed Al Nahyan, Vice President of the UAE in Abu Dhabi
  • The Iranian minister also met with Qatari Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti and both emphasized the need for expansion of relations
Business

AD Ports Q1 revenue is $494m

The group's EBITDA also rose by 33 percent YoY.
  • This growth is attributed to the robust performance of its Maritime, Economic Cities and Free Zones, and Ports Clusters, as well as the recent acquisitions
  • The Group is continuing its ambitious revenue-generating CapEx programme, spending $278 million in Q1 2023 to diversify its income streams
Science

UAE issues decree on use and distribution of hydrofluorocarbons

Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of...
  • Referred to as refrigerant gases responsible for intensifying global warming and depletion of the ozone layer, HFCs are categorized among greenhouse gases
  • The UAE has been at the front of attempts to restore the ozone layer's protective capacity since joining the Convention in 1989 and the Protocol in 1990

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.
Business

Company News

Aramco to launch new projects

Mubadala, Aris Gold sign agreement

Debt-ridden Evergrande urges investor ‘caution’ as audit result delayed

Stellantis MENA shipments up

Nahdi Medical to list on Tuesday

Latest News

ASFAR, Municipality of Al-Ahsa sign agreement

RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...
Business

Imane Ayissi brings African tradition to Paris couture

PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
Business

European market up on record-busting Wall Street

A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Bahrain Q4 2023 imports increase to US$3.92bn

MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...
  • The top 10 countries accounted for 69 percent of Bahrain's total export value.
  • The value of exports with national origin was of $2.89 billion during Q4 2023.
Business

Alef Group announces US$84m sales transaction at ACRES 2024

SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...
  • ACRES Exhibition is a unique global Arab platform which brings together major investors and businessmen.
  • This is evident in the success achieved by the ACRES over its successive sessions since its launch in 2008.

ACRES 2024 concludes, deals worth $381 million inked

Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...