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.

Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

Economy

‘Digital transformation levels the playing field for GCC small businesses’

Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure...

Business
Business

Strata announces new collaboration with Pilatus

The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...
  • The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata
  • Strata’s operations for Pilatus will be extended to feature 3 WPs for Pilatus PC-12 and PC-24, crafted with Strata’s signature use of Carbon Fiber
Business

Innovation, sustainability to boost UAE real estate demand as market recovers from coronavirus impact

The swift recovery from the effects of Covid-19 is expected to contribute to a rise in demand for luxury real...
  • The swift recovery from the effects of Covid-19 is expected to contribute to a rise in demand for luxury real estate units in the UAE by more than 30 percent next year
  • The ongoing interest of international purchasers in Dubai's luxury real estate market is predicted to drive prices up by 13.5 percent in the coming year, says a report
Business

Cameroon has great potential for investment in prospective sectors, says UAE minister Al Zeyoudi

Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon...
  • The UAE is one of the most significant investors in Africa, especially in sectors such as infrastructure, food security, renewable energies and communications
  • The UAE's Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi is leading an Emirati delegation of business and investment leaders in Cameroon
Business

Two new unconventional nonconventional gas fields discovered in Saudi Arabia

Awtad unconventional nonconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf, says Saudi minister
  • The Awtad unconventional nonconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf, says Saudi minister
  • Prince Abdulaziz bin Salman adds that the importance of these discoveries lies in increasing the Kingdom’s natural gas reserves
Business

Aramco completes three transactions with Polish refiner and fuel retailer

As part of the transaction, first announced in January 2022, the company acquired equity stakes of 30% in a 210,000...
  • As part of the transaction, first announced in January 2022, the Saudi firm has acquired equity stakes of 30% in a 210,000 barrels-per-day refinery in Gdansk
  • The Saudi oil company has also bought 100% stake in an associated wholesale business; and 50% in a plane fuel marketing joint venture with BP Europa SE
Business

AMEA Power completes $1.1bn deal to deploy 1GW of energy projects in Egypt

The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the...
  • The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the company’s clean energy portfolio to 2GW in the country
  • AMEA Power will build, own and operate the 500MW solar PV plant, which will be located in the Aswan governorate of Egypt. The Project is financed by International Finance Corp
Business

SAS reports deeper losses

The airline's net losses amounted to more than $117 million.
  • Net losses amounted to more than 1.2 billion Swedish kronor ($117 million) in the August-October period
  • The airline, however, saw the "highest number" of passengers since the beginning of the Covid pandemic
Business

Britain eyes digital trade accord with Ukraine, boost in bilateral relations

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the...
  • The accord will guarantee access to UK's financial services industry, helping reconstruction efforts and establishing closer cooperation on cybersecurity and emerging technologies
  • The agreement comes after London slashed tariffs on all Ukrainian goods to zero under a free trade deal with the war-torn nation
Business

H&M plans revamp, to cut 1,500 jobs worldwide as it leaves Russia

Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme...
  • The restructuring programme was announced in September, as the clothing giant announced a sizeable drop in third quarter profits
  • The programme is expected to cost some 800M Swedish kronor ($76m) but would provide annual savings of around two billion kronor
Business

Musk’s Twitter lifts rule against Covid misinformation

Twitter's New boss Elon Musk believes that all content permitted by law should be allowed on the social media platform,...
  • During the pandemic, Twitter took to labeling misleading tweets about Covid and booting users who persisted in spreading such misinformation
  • Under Musk, who calls himself a "free speech absolutist," Twitter has begun reinstating roughly 62,000 accounts in what is being referred to internally as "the Big Bang" 

Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

The next steps include official visits by FIFA and a comprehensive evaluation of the bid.
Economy

Company News

Latest News

Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan

Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
COP28 UAE

Ready to work with developing nations for green future: China

Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that...
COP28 UAE

UAE and Turkmenistan pledge to ramp up ties ‘in all fields’

Dubai, UAE-- The UAE and Turkmenistan have agreed to enhance bilateral ties in all fields, particularly in the development sectors,...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

COP28 UAE

Net-zero targets must include fossil fuel ‘phase-out’: monitor

According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target...
  • The report looked at nations, cities and large companies committed to any kind of net-zero target
  • African and European companies were relatively well represented in the phase-out plans
Business

Masdar, PLN push to build world’s largest floating solar plant

Dubai, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN,...
  • The partnership has already resulted in the launch of Southeast Asia’s largest floating solar power plant, the innovative 145-megawatt (MWac) (192MW peak) Cirata project.
  • In September, Masdar and PLN signed an agreement to develop Phase II of the Cirata plant to triple capacity by up to 500MW.

Presight AI, Samruk-Kazyna launch JV

The partnership aims to accelerate digital transformation in Kazakhstan.
  • Revealed at COP28, the venture aims to deploy advanced AI and big data solutions.
  • Energy, public services, and transport in Kazakhstan to benefit from big data analytics.