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.

2024 Crypto Crime Update Part 2: China-based cybercrime networks on the rise

In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit...

ExxonMobil expects global oil demand near current levels in 2050

New York, United States - Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US...

Business
Business

Tadweer added to ADQ’s portfolio

Tadweer's full share ownership was transferred to ADQ.
  • Tadweer is the sole custodian of waste management for the emirate of Abu Dhabi.
  • ADQ’s energy and utilities portfolio also includes Abu Dhabi National Energy Company (TAQA), Emirates Nuclear Energy Corporation (ENEC).
Business

Ardian, Mubadala Capital announce $2.1bn private equity partnership

New York, USA - Ardian, a world leading private investment house, and Mubadala Capital, the asset management arm of Mubadala...
  • The two companies have built a strong relationship since forming a successful initial partnership in 2017
  • They have curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North America and Europe
Market Report

Stocks sink globally as central banks hike rates, data fan recession fears

Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation....
  • ECB president Christine Lagarde warned that inflation in the 19-nation eurozone was still "far too high" and more action needed to be taken.
  • The world's major central banks are seeking to dampen red-hot inflation.
Business

Europe’s biggest oil field hikes production, to provide 7% of continent’s demand

Located in the Norwegian waters of the North Sea, the Johan Sverdrup field which until now pumped some 535,000 barrels...
  • The field, which is believed to hold 2.7 billion barrels of recoverable oil equivalent, will represent about a third of Norway's total oil production.
  • Equinor owns 42.6 percent of the Johan Sverdrup field, alongside Norway's Aker BP (31.6 percent) and Petoro (17.4 percent), while France's TotalEnergies owns 8.4 percent.
Economy

US industrial output decreases in November

Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket...
  • The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy.
  • Total output dropped 0.2 percent in November, with the first decline in months defying analysts' expectations of an uptick, according to Fed data.
Business

AMEA Power wins bid

The company will build a 120MW solar project in South Africa.
  • The Doornhoek PV Project will sell electricity to the state utility, Eskom, under a 20-year Power Purchase Agreement.
  • AMEA Power is the majority shareholder in the $120 million project and has partnered with a consortium wholly owned by African women.
Business

King Khalid airport best performer in Nov in high passenger rush category

.Riyadh, Saudi Arabia---Saudi Arabia’s General Authority of Civil Aviation issued its monthly report on the performance of the kingdom’s international...
  • Saudi Arabia’s General Authority of Civil Aviation issued its monthly report on the performance of the kingdom’s international and domestic airports for the month of November 2022.
  • The performance is based on 14 basic criteria such as waiting time at customs, baggage and passport control.
Business

ECI inks MoU with RAKEZ to help Ras Al Khaimah’s non-oil trade

         DUBAI, UAE -  Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah...
  • ECI to provide RAKEZ members access to flexible state-backed trade finance support.
  • As of November 2022, ECI has facilitated US$71 million worth of secured non-oil trade for businesses operating in Ras Al Khaimah.
Business

Boursa Kuwait, Tadawul sign pact

The deal is expected to boost capital markets in the region.
  • The deal will help cross-listing of companies on both exchanges as they will look to synergize their efforts in the areas of financial literacy
  • Boursa Kuwait CEO said the signing of the MoU is an indication of their long-term partnership to develop the market and enhance the investment environment across the region
Business

Altawkilat, Saudi auto distributor expanding into UAE

ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience.
  • ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience
  • It will open its first facility in Abu Dhabi in January 2023, followed by Dubai and Sharjah

2024 Crypto Crime Update Part 2: China-based cybercrime networks on the rise

In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit...

Company News

Latest News

Saudi Crown Prince launches urban plan of Qiddiya city

Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the...
Business

Meta encrypting Messenger and Facebook chats

Ramped up defenses against snooping that include disappearing messages come as the US company defends against lawsuits accusing it of...

Chinese firm announces $5bn investment in solar power chain in UAE

Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Awaed Alosool launches Sharia compliant investment platform

RIYADH, SAUDI ARABIA -  Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies....
  • Awaed Alosool unveils an innovative platform dedicated to empowering individuals in Saudi Arabia with seamless access to Sharia compliant investment.
  • The platform provides an intuitive interface, offering individuals the means to engage in the market irrespective of their geographical location.
Business

ROSHN, Retal sign $99m deal

363 single-family villas will be constructed in Riyadh.
  • SEDRA, spanning eight phases over 35 million square meters, integrates nature and local heritage, creating a unique living experience.
  • The latest agreement with Retal underscores the commitment to delivering a modern, upscale, and sustainable urban community, ROSHN said.

Real estate deals in Bahrain decline marginally in third quarter: CBRE

Manama, Bahrain - Real estate transactions in Bahrain recorded a marginal 2.5 percent decline in Q3 2023, totaling 5,145 compared to the...
  • Quoted apartment sales experienced a slight decrease of 1.7 percent, while apartment rents rose by 3.2 percent.
  • Villa rents and sales, on the other hand, saw significant increases of 4.3 percent and 1.2 percent, respectively