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.

Riyadh’s “Global Sports Tower” designs approved

Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...

Economy

Aramco, Sempra ink Port Arthur LNG royalties deal

Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing...

Business
Business

Migrant workers watch Messi’s magic on the cheap

Beating their chest in delight, tens of thousands of migrant workers witness Messi's magic in a game that saw Argentina...
  • A woman DJ entertains the overwhelmingly male and South Asian crowd before each match with Hindi pop songs and Bollywood videos
  • A few thousand 40 riyal ($10) World Cup tickets were put on sale and quickly snapped up
Science

MoCCAE highlights role of UAE Climate Change Research Network

SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
  • The network aims to support collaborative research programs by creating a platform for engaging the academic and scientific community.
  • Drawing the participation of 100 attendees, the event explored several key topics, including promoting science and policy engagement for climate action.
Geostrategy

Faroe Islands renew fishing quota deal with Russia

COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's...
  • The agreement between Faroe Islands and Russia has been in place since 1977 and is renewable each year.
  • The autonomous territory is highly dependent on fishing for its income and the fisheries ministry says the deal with Russia covers 5 percent of its GDP.
Geostrategy

Iran’s Khamenei says negotiating with US won’t end recent ‘troubles’

TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put...
  • Iran has seen weeks of demonstrations sparked by the September 16 death in custody of 22-year-old Kurdish-Iranian woman Mahsa Amini.
  • She had been arrested for an alleged breach of the country's strict dress code for women.
Science

UAE University’s agriculture college launches campaign to cut food waste

AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness...
  • The program is targeting schools and universities to educate students about the need to reduce food waste.
  • The studies conducted in the food court showed that over 50 kilograms of foods is wasted daily during breakfast and lunch.
Geostrategy

US bans gear from China’s Huawei, ZTE over security risk

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...
  • The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks.
  • US officials have shown growing wariness in recent years of Chinese telecommunications companies and technology.
Business

Saudi, UAE equities tank as global crude prices slide

The equities had a lackluster week owing to a decline in global crude oil prices amid fears that the surge...
  • The UAE stocks ended their weekly trading on a decline, and the Dubai index recorded a weekly decrease of 1.4 percent
  • The Saudi oil company Aramco dropped 1.6 percent, Maaden dropped 1.8 percent, and SABIC dropped 2.1 percent
Business

ADDED joins hands with Prototype to support technology innovation

Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in...
  • Inventors, backed by ADDED’s Takamul programme, will utilise Prototype Interactive’s latest technologies and techniques to develop their ideas
  • Since its inception until the end of October 2022, the Takamul programme has evaluated 1,013 patent applications, and supported 377 applications
Business

England team faced ‘unlimited’ sanctions over armband in Qatar

FIFA threatened to impose "unlimited" sanctions against players who wore the "OneLove" rainbow-themed armband for World Cup matches in Qatar....
  • Football Association chief executive Mark Bullingham said the FA believed FIFA were effectively threatening to ban players
  • England, Wales, Belgium, Denmark, Germany, the Netherlands and Switzerland said they had written to FIFA in September informing them about the "OneLove" armband
Economy

ADAFSA launches first livestock auction market in Abu Dhabi

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first...
  • Other auctions will be organized regularly to enable livestock breeders directly sell their camels to the public.
  • The permanent livestock auction market will serve as a destination for those interested in buying camels, cattle and rare animals.

Riyadh’s “Global Sports Tower” designs approved

Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
Economy

Company News

Latest News

Innovations, regulatory shifts make Bitcoin resilient

In 2023, the crypto market sees a surge in blockchain advancements, regulatory shifts, and a notable rebound in Bitcoin, signaling...
Business

AD Ports, Kazakhstan Railways form venture to boost services

Abu Dhabi, UAE - AD Ports Group signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways to form a...
Business

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

IMF to revise regional outlook over Israel-Hamas conflict

Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region...
  • The IMF staff wrote in a blog post that Israel-Hamas conflict will have wide-ranging consequences for "both people and economies" in the region
  • The IMF officials said countries like Lebanon that are heavily dependent on tourism saw hotel occupancy rates drop by 45 percentage points in October compared to a year ago
COP28 UAE

Masdar ties up with RWE in US$14bn investment to develop wind projects in UK

Dubai, UAE--Abu Dhabi Future Energy Company, also known as Masdar, is part of a $14 billion investment into the UK’s...
  • The $14 billion investment is expected to shore up the UK economy and also demonstrate the UAE’s long-term commitment to supporting net-zero goals in Britain
  • The new project will generate enough power to light up to three million UK homes and is expected to create 2,000 jobs during construction, and a thousand more later
COP28 UAE

World Bank allots 45% of its financing to climate projects

The bank, according to a statement, "is putting to work more than $40 billion", around $9 billion more than previously...
  • The bank said that it is helping people to hold off the devastation of climate change
  • It has earmarked the financing for the fiscal year that runs from July 1, 2024, to June 30, 2025