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.

US Fed expected to look beyond Trump win and cut rates again

The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...

Economy

Microsoft unveils autonomous AI agents for business tasks

San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...

Science
Business

Sharjah Chamber continues boosting the Emirate’s competitiveness

SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and...
  • Sharjah Chamber bolstered its competitiveness by protecting the interests of businessmen and supporting its members in the private sector.
  • The Chamber contributed to the growth of the local economy across all sectors, promoting export and re-export activities of its members
Business

Iraq chamber asks government to tie up with German construction firms

Baghdad, Iraq-- The head of the Federation of Iraqi Chambers of Commerce - FICC, Abdul Razzaq Al-Zuhairi, called on the...
  • FICC and the Federation of Iraqi Industries participated in the meetings between the two parties during the visit of PM Muhammad Shia Al-Sudani to Berlin.
  • The Iraqi delegation seeks to encourage German companies and businessmen to invest in Iraq, FICC said in a statement.
Economy

Aircraft with 72 passengers on board crashes in Nepal

The airline spokesperson said that 68 passengers were on board along with four crew members and that rescue is underway....
  • Footage shared on social media showed flames on the ground and black smoke billowing into the sky
  • Air traffic control lost contact with the twin-propeller Twin Otter shortly after it took off from Pokhara and headed for Jomsom, a popular trekking destination
Business

UAE urges new investments in energy sector to meet demand

Abu Dhabi, UAE-- The UAE has stressed the need for speeding up new investments in the energy sector in order...
  • The minister affirmed the UAE's commitment to providing the necessary support to ensure a balanced oil market in line with its plan to advance the 5 million bpd production target
  • He noted there are geopolitical factors in the region and around the world that influence the global energy map
Opinion

Technologies revolutionize food-service industry

That’s because today’s consumer has grown used to the convenience of online ordering – and they’re even willing to cut...
  • The latest technologies have revolutionized the food-service industry in more than one way, writes Naji Haddad, MENA General Manager at Deliverect
  • In 2022, operators faced new challenges like price rise and labor shortages. While consumers returned to in-house dining, the online food delivery markets continued to grow
Geostrategy

UAE energy minister, Romanian counterpart discuss cooperation

ABU DHABI, UAE -  UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation...
  • The UAE and Romanian ministers discussed importance of international cooperation to address climate change.
  • The ministers discussed ways and means to develop cooperation between the two countries
Business

Ahmed Galal Ismail replaces Alain Bejjani as Majid Al Futtaim CEO

The reasons behind the change of guard were not immediately clear as Ismail takes charge as chief executive officer of...
  • Ismail had previously served as CEO of Majid Al Futtaim - Ventures and VP Strategy of Majid Al Futtaim Holding
  • Majid Al Futtaim reported revenue of AED 18 billion for the first half of 2022, an increase of 15 percent during the same period in 2021
Business

Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi

ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen...
  • Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy.
  • Green hydrogen is produced with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis.
Geostrategy

Europe will return to Russian gas, says Qatar energy minister

ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company...
  • Russian gas exports to Europe plunged after Moscow's invasion of Ukraine.
  • A mild winter has spared European countries from having to plunder their gas stockpiles.
Business

Dubai emerging as a global hub for superyachts

Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.
  • Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry
  • After Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai the future looks bright for Dubai’s yachting industry

US Fed expected to look beyond Trump win and cut rates again

The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...
Economy

Company News

Latest News

NCSC seeks to regulate Jordan’s cybersecurity market

AMMAN, JORDAN - National Cyber Security Center (NCSC) seeks to regulate the Kingdom's cybersecurity market by outlining and endorsing the...
Geostrategy

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...
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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Turkish Airlines to buy 355 planes from Airbus

Istanbul, Turkey - Turkish Airlines said on Friday it has decided to order 355 Airbus aircraft over the coming decade as...
  • "It was decided to purchase 355 aircraft from Airbus," Turkish Airlines chief executive Bilal Eksi said in a social media statement
  • The Turkish firm said in a separate corporate filing statement that the purchases would made as part of its "strategic plan" for 2023-2033
Business

ADNOC to buy stake in Fertiglobe

ADNOC to buy OCI’s entire shareholding in Fertiglobe.
  • Fertiglobe is listed on the ADX and is the world’s largest seaborne exporter of urea and ammonia combined.
  • It is also an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.
Geostrategy

Storm-1152: Vietnam-based creator of fake Microsoft accounts

Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...
  • Storm-1152 is "the number one seller and creator of fraudulent Microsoft accounts", creating around 750 million to date, the company said Wednesday
  • Storm-1152 pursued a model called "cybercrime-as-a-service" or CaaS, acting as a provider to other criminal groups, Microsoft and Arkose said