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.

UAE firms accelerate AI transformation, new report finds

The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...

Economy

TikTok makes AI driven ad tool available globally

San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...

Business
Business

Azizi sells 35% Creek Views II units

The 587-residence project is scheduled for handover by Q4.
  • Nearly 18 percent of the units have been acquired by UAE investors, 11.61 percent by Indian nationals, and 6.25 percent by both Jordanian and Russian investors.
  • Other nationalities who have invested in units at Creek Views II include German, English, Bangladeshi and Dutch passport holders, among others.
Business

First phase of ‘Sustainable City’ project sells out in a day

Abu Dhabi, UAE-- Aldar Properties and Diamond Developers have sold out the first phase of its project dubbed Sustainable City...
  • Sales at the first phase of the sustainability-centric community reached over $272 million
  • A total of 512 homes were available during the first phase of the project, with 76 percent of the units purchased by expatriates, of which 24 percent were overseas investors
Business

Qatar, Cambridge University ink MoU to develop genome project

The project is a collaboration to develop and support an open information structure that will facilitate the comparative analysis of...
  • The project is a collaboration to develop an open information structure that will facilitate the comparative analysis of financial regulations across jurisdictions
  • Under the MoU, QFCRA and CJBS-RGP aim to enhance the use and usefulness of data in regulating the financial services industry
Business

Qatar and EU discuss ways to enhance economic and trade ties

Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar...
  • The two discussed the private sector's role in activating trade and investment exchange.
  • Al Kuwari noted that there are mega Qatari investments in a number of European countries such as France, Germany, and others.
Business

Dubai realty sector posts record sales in 2022

Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.
  • market experienced a record-breaking performance in 2022 in terms of sales, volume and value, according to media reports.
  • For luxury properties, the market registered an increase in growth by 97 percent in terms of value and 85 percent in terms of volume, reports said.
Geostrategy

CBUAE, Egyptian Banking Institute discuss training, cooperation

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...
  • CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
  • They also discussed supporting professional capabilities-building and expertise development.
Geostrategy

Dubai Customs makes 25.7m transactions, above 2100 seizures in 2022

Dubai, UAE-- Dubai Customs has completed 25.7 million customs transactions and made 2,147 seizures in 2022, while also winning several...
  • Dubai Customs dealt with 388 intellectual property disputes in 2022, which included 14.5 million counterfeit items with a street value of AED 109.5 million.
  • It was active in recycling counterfeit goods with more than 93 recycling operations taking place throughout the year that targeted 173,000 counterfeit items.
Economy

Investments in Jordan industrial estates rise 19 percent in 2022

AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared...
  • Jordan Industrial Estates Company said that 27 of the new investments were in the service sector, with a growth rate of 26 percent.
  • The remaining 147 new investments were in the industrial sector, with a growth rate of 7 percent over the previous year, JIEC said.
Geostrategy

Muslim world condemns burning of copy of Quran in Swedish capital

Secretary-General of the GCC Dr. Naif Falah Mubarak Al-Hajraf has warned that the act would inflame and provoke Muslims around...
  • Secretary-General of the Organization of Islamic Cooperation Hissein Brahim Taha said the act is another example of Islamophobia and Xenophobia.
  • Arab Parliament called on the international community to assume its responsibilities and criminalize these unacceptable acts, which fuel feelings of hatred and violence.
Business

Musk announces more expensive subscription for ad-free Twitter

The recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has...
  • The announcement comes as the social network has faced major economic uncertainty since its takeover by Musk in October
  • Musk-led Twitter has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of Tesla boss

UAE firms accelerate AI transformation, new report finds

The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...
Economy

Company News

Latest News

US forms coalition to combat Houthi attacks in Red Sea

US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...
Geostrategy

Kings Aluminium starts building US$204m facility in KEZAD

Abu Dhabi, UAE-- Kings Aluminium Industries has begun constructing a state-of-the-art aluminium manufacturing and recycling facility in Khalifa Economic Zones...
Business

Navigating the rising tide of cyber threats in GCC

"Critical infrastructure organizations are distinct from other enterprises; their downfall could bring entire sectors of the economy down with them....
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE issues federal decree on regulating electronic, digital media

ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in...
  • The decree aims to promote the UAE as a global media hub and establish an enabling environment for the growth and prosperity of the sector.
  • The provisions of the decree apply to individuals, organizations, media outlets, and free zones dedicated to the media in the UAE.
Business

AviLease, SDH Wings Sign MoU

The MoU will expand SDH Wings' portfolio of aircraft.
  • AviLease acquired a 10 percent share of SDH Wings as part of the recently completed acquisition of the aircraft leasing platform of Standard Chartered.
  • AviLease and SDH Wings have already identified the first five new technology narrowbody aircraft from AviLease’s owned portfolio that are now under LOI.
Business

Japan’s Nippon to acquire US Steel

Nippon Steel will also assume the US firm's debt.
  • Nippon Steel will acquire US Steel in an all-cash deal at $55 per share, a 40 percent premium above its closing price on December 15
  • US Steel launched a strategic review in August after receiving several unsolicited offers for a partial or total takeover.