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.

Airlines expect over $30 bn in profits and passengers to hit nearly five billion in 2024: IATA

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December...

Business

‘Canon aims for a 42% reduction in GHG emissions by 2030 and net zero by 2050’

Venkatasubramanian (Subbu) Hariharan, MD of Canon Middle East and Turkey, highlights the significance of remanufacturing and refurbishment for reducing environmental...

Business
Business

UAE capital records real estate deals worth $5.72 billion in third quarter

Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion...
  • Department of Municipalities and Transport said the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.
  • Yas Island topped the list logging transactions worth AED 1 billion, while Al Saadiyat Island coming in second with transactions worth AED 929 million.
Geostrategy

UAE, Indonesian Presidents to enhance bilateral relations

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...
  • The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.
  • The two Presidents exchanged views on several regional and international issues of common concern.
Economy

Etihad Credit Insurance issues $1.71 bn in trade guarantees in nine months

Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of...
  • ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.
  • These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.
Business

Musk sees aliens, tunnels in a candlelit G20 vision of the future

The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the...
  • Musk was asked why he had not travelled to Indonesia, the Twitter's new boss joked that his "workload has recently increased quite a lot" after the takeover
  • He said he wants to see rocket platforms across the world that would allow people to travel "to the complete other side of the world" at 20 times the speed of sound
Business

TAQA posts 53% income rise

The income vaulted to $1.77bn in the first nine months of 2022.
  • The company also reported group revenues of $10.61 billion, 14% higher than the prior-year period
  • TAQA’s Board of Directors also declared an interim cash dividend of $184 million (0.60 fils per share)
Economy

High Qatar costs dampen MENA football fervor

Passion for football in the Middle East runs deep, but a week before the start of the World Cup, the...
  • According to football historian Paul Dietschy, world cups have traditionally attracted more affluent supporters than weekly club football, whose fanbase is often working-class
  • Even in oil-rich Saudi Arabia, which has the Arab world's largest economy and shares a land border with Qatar, fans said the costs were prohibitive
Business

UAE to launch feature-rich, faster EmaraTax platform on Dec.5

Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to...
  • Migration to EmaraTax will begin from end of 30 Nov. and it will be available for use from 5 Dec.
  • EmaraTax significantly enhances taxpayer access to the FTA’s services, payment of taxes and obtaining refunds.
Science

Sustainable food cold chains reduce waste, fight climate change, says UN report

Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...
  • These systems are critical to maintaining the quality, nutritional value and safety of food.
  • An estimated 14 percent of all food produced for human consumption is lost before it even reaches consumers.
Videos

Post-Covid UAE real estate upswing to continue

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental...
  • In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.
  • The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.
Geostrategy

G20 health, finance ministers agree to launch US$1.4bn pandemic fund

The G20 health ministers have agreed to establish a pandemic fund.
  • The fund will be commonly used to fix the health system and close the budget gap for the following five years.
  • Up to 20 donor countries and three philanthropists have expressed willingness to contribute to the effort to raise "pandemic fund" totaling US$1.4 billion.

Airlines expect over $30 bn in profits and passengers to hit nearly five billion in 2024: IATA

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December...
Business

Company News

Latest News

Foxconn to invest $1.54bn more in India

The firm announced in May to purchase land for $37 million in India.
Business

It’s official: Saudi Arabia will host World Expo 2030

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
Geostrategy

Abha Valley has potential to be a tourist destination

ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Ooredoo, QNBN sign agreement

The two companies will jointly develop Doha Port.
  • The agreement represents a strategic partnership and reflects a commitment to driving innovation to build a more connected Qatar.
  • Qatar National Broadband Network was established to implement the highest global standards in evolving telecommunication infrastructure.
Business

Egypt jumps to third place in Offshore BPO Confidence Index

Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...
  • Egypt's BPO industry demonstrated steady growth, with digital exports increasing from $4.5 billion in 2022 to $4.9 billion in 2023.
  • The country targets doubling export revenue to $9 billion by 2026, creating over 200,000 direct job opportunities.
Business

Saudi PIF secures $5 billion financing in collaboration with K-SURE

Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
  • The collaboration stems from a memorandum of understanding signed in March 2022 between PIF and K-SURE.
  • The transaction will mark PIF’s first financing covered by an export credit agency, as it continues to diversify its sources of funding.