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.

Data Integrity: The foundation of true data freedom

Ensuring data integrity has become more challenging, leaving organizations at risk of data loss and corruption. during migration

Business

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...

Business
Business

Infracorp, Equitix partner join hands

Collaboration to boost Infracorp’s Infrastructure footprint.
  • Aurora serves a blue chip international industrial client base which has invested more than €4.5 billion combined in the Company’s two sites (AKO and ATO) since 2005
  • Equitix has over $11.7 billion of assets under management and is the infrastructure investment division of Tetragon, the global asset management group
Business

Doha Port receives Costa Toscana, marking start of cruise season

Doha, Qatar--Doha Port has received the Italian cruise ship Costa Toscana of Costa Cruises, as part of the cruise's first...
  • The cruise ship has a capacity of about 6,500 visitors, and features a water park, 13 swimming pools and hot tubs, 13 restaurants and 19 entertainment lounges
  • Maryam Saoud added that Costa Toscana is one of the cruise ships that are powered by natural gas, which demonstrates the commitment to sustainability
Business

Mawani, MARASI ink pact to establish Seafarers Club in Saudi ports

Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and...
  • Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and Logistics Strategy
  • The Seafarers Club will have various amenities including a hotel, call centers, cafes, entertainment halls, multiple restaurants, a food commodity store
Business

Middle Eastern SWFs eye Europe, US for cheap assets

The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a...
  • The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a year earlier, says the latest Global SWF report
  • The momentum of Middle Eastern SWFs, especially in GCC, remain strong due to an average oil price of $99 per barrel and the peg of their currencies to the dollar, it adds
Business

15 top panels to discuss defense advancements in IDEX, NAVDEX 2023

ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host...
  • The panels will feature prominent leaders and decision makers from around the world
  • The panels are an ideal platform for facilitating discussions about relevant focus areas in the defense and naval defense sectors
Geostrategy

UAE, Korea discuss partnership in renewable energy, technology

The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
  • The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
  • Both the countries also reviewed partnership in renewable energy and other vital areas of interest within their two countries' future plans.
Business

Majid Al Futtaim among firms to halve real estate emissions by 2030

These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related...
  • Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL Schneider Electric and Signify were the other firms that pledged the emissions cut.
  • These firms will meet these targets by implementing the Forum’s Green Buildings Principles, which provides a sequence of steps to deliver net-zero carbon real-estate portfolio.
Science

WEF’s Open Forum from Jan 16-20 to focus on global environment

DAVOS-KLOSTERS, SWITZERLAND  – As part of the World Economic Forum Annual Meeting 2023, this year’s Open Forum Davos from January...
  • Leaders from all walks of life will explore opportunities and solutions for the many environmental crises that the world is facing.
  • The meet will discuss the lessons the world has learned, and the biggest challenges the people face in the fight to stabilize the climate.
Geostrategy

Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

BAGHDAD, IRAQ  - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port...
  • Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
  • The Jordanian delegation held a series of meetings with Iraqi officials.
Economy

UAE launched clean energy projects worth $43 bn in 2022: Minister

UAE Minister of Energy Suhail bin Mohammed Al Mazrouei highlighted the UAE Energy Strategy 2050, the first unified energy strategy...
  • UAE’s clean energy production in 2021 totaled 7,035.75 megawatts (MW), underscoring the country's efforts in the clean energy sector.
  • The minister said that once commercially operational, the third reactor will add another 1,400 MW of carbon-free electricity to the UAE's electricity grid.

Data Integrity: The foundation of true data freedom

Ensuring data integrity has become more challenging, leaving organizations at risk of data loss and corruption. during migration
Business

Company News

Latest News

SAMA issues rules regulating ‘buy now pay later’ companies

Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has issued rules for regulating buy now pay later (BNPL) companies,...
Business

Qatar Airways and Asian Football Confederation sign partnership deal

Doha, Qatar--Qatar Airways Group and the Asian Football Confederation (AFC) have signed a global partnership set to transform the fan...
Business

Red Sea Global, VAARST join hands for marine ecosystem mapping

TABUK, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the regenerative tourism destinations, is piloting SubSLAM, an...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Qatar receives more than 3-million tourists in 2023

Doha, Qatar-- Qatar received more than three million tourists from around the world during the ongoing year, making the oil-rich...
  • The chairman of Qatar Tourism made the remarks during his opening speech at the 26th session of the Arab Ministerial Council for Tourism, held in Doha
  • Al Kharji added that tourism has been one of the most important drivers of economic growth and sustainable development in many countries worldwide
Business

ADQ and Azerbaijan’s AIH set up joint-investment platform

Abu Dhabi, UAE--ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund...
  • The joint-investment platform will leverage investment opportunities with the goal of generating sustainable financial returns on deployed capital
  • Both the entities will each hold a 50 percent interest in the joint venture, with each party committing US$500 million to the JV platform
Business

KIPCO sells its stake in GIG

The deal is valued at 256 million Kuwaiti Dinars ($832 million).
  • The purchase price was set at KD two per share, with an adjustment of 54 fils per share to account for the cash distributions GIG made in 2022
  • The sale of KIPCO's stake in GIG is seen as a testament to the company's effective strategy of acquiring, expanding, and then timely exiting companies