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.

Gaza truce talks resume in Egypt, without Israel for now

Mediators from Qatar, Egypt and the United States have been waiting for Hamas to respond to a proposal that, according...

Business

Top U.S. stock indices drop for third consecutive day on Wednesday

The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward...

Business
Business

ACWA Power to build 10 gigawatts wind project in Egypt

Riyadh, Saudi Arabia— ACWA Power Company of Saudi Arabia has signed an agreement with Egypt to build a 10 gigawatts...
  • According to the Saudi Ministry of Energy, the agreement has been reached with Egypt’s New & Renewable Energy Authority and Egyptian Electricity Transmission Co
  • Saudi Arabia’s ACWA Power has invested $1.5 billion in a wind power plant in Egypt as the company expands its horizons in renewable energy
Business

Google looks to develop AI in one thousand languages

As progress is made on the project, which is estimated to take several years, Google plans to integrate its advances...
  • The company wants to mine data in new languages not only from texts available on the internet but also from videos, images and speech
  • Meta earlier this year announced a similar plan called No Language Left Behind designed to create translation systems to cover hundreds of world languages
Business

Brewed in Palestine, Taybeh beer comes to the UAE

The beer will not offend religious sensibilities in UAE as it is aimed at foreigners and also because it produces...
  • The West Bank's beverage last week passed past an army roadblock on its way to the Israeli port of Ashdod from where it is exported to the UAE
  • Selling in the UAE market has both financial and symbolic value for Taybeh, which was launched in 1994 as the first microbrewery in the Middle East
Geostrategy

Restoring banned Twitter accounts may take some weeks: Elon Musk

Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on...
  • Since Musk takeover on Twitter, Trump has suggested that he would be sticking with his own Truth Social messaging platform rather than going back to Twitter.
  • The new Twitter boss said he had talked to civil society leaders about how Twitter will continue to combat hate and harassment and enforce its election integrity policies.
Business

ADNOC and Siemens Energy to develop low-carbon energy certificates

Abu Dhabi, UAE---Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG today announced plans to pilot blockchain technology to...
  • The the pilot will show how much CO2 was used to make products such as Murban crude, ammonia, and aviation fuels.
  • This information will be automatically recorded onto a decentralized blockchain ledger.
Business

Americana to sell 30% stake in IPO

The company will list on ADX and Saudi Tadawul by Dec. 6.
  • The company said it will sell 2.5 billion of its existing shares in the IPO, which expected to run from 14-21 Nov. for retail investors in the UAE and Saudi.
  • The final offering prices will be determined after the book-building process.
Business

ADNOC Drilling awards $1.6 bn agreement

The award is aimed at upping lower-carbon-intensive production capacity.
  • The award covers ADNOC’s onshore and offshore fields and will see an additional $750 million above guidance added to Oilfield Services (OFS) revenue, or $150 million per year.
  • The contract award brings the total value of awards confirmed by ADNOC Drilling in 2022 to $8.85 billion.
Economy

Saudi Arabia, Egypt discuss renewable energy cooperation

The two ministers also talked about the progress in the electrical interconnection efforts.
  • The two ministers also talked about the progress in the electrical interconnection efforts
  • They also discussed ways to improve cooperation between their specialized businesses
Business

Saudi Arabia and Finland to start air services and increase trade

Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the...
  • The memorandum aims to boost trade and raise the level of economic partnership between the two nations
  • The agreement includes the organizational clauses related to transport rights, the plurality of designating national carriers, determining the number of regular flights
Business

e& posts 1.9% jump in profit

The telecom company's net profit vaulted to $680.5m in Q3.
  • The telecom company said that its revenues surged to hit $3.54 billion
  • Its subscribers in the UAE reached 13.3 million in Q3 2022, representing an increase of 11 percent over the same period last year

Gaza truce talks resume in Egypt, without Israel for now

Mediators from Qatar, Egypt and the United States have been waiting for Hamas to respond to a proposal that, according...
Business

Company News

Latest News

Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt

RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...
Business

Qatar posts trade balance surplus of US$16.7bn in Q3 2023

DOHA, QATAR - The merchandise trade balance of Qatar (difference between total exports and imports) recorded a surplus of US$6.7...
Business

Dubai records weeklong real estate deals worth $2.45 billion

Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

8 pacts on trade, investment inked in Saudi-Algerian Business Forum

RIYADH, SAUDI ARABIA - The Saudi-Algerian Business Forum concluded its activities with the two countries signing eight agreements aiming at...
  • The agreements cover trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts.
  • The pacts were signed by the Federation of Saudi Chambers, the Council for Algerian Economic Renewal and several Saudi and Algerian firms.

Nissan invests in new electric cars

Japanese auto giant Nissan will invest up to £1.12 billion.
  • Nissan will plough the cash into electric versions of its Juke and Qashqai models in Sunderland, which is its largest factory in Europe and employs around 6,000 people
  • The news will spark further investment in infrastructure projects and the broader supply chain which could bring the total investment up to £2 billion
Business

$9.9bn transport investments boost Qatar’s logistics efficiency

Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
  • With over 2 billion people residing within 3000 kilometers range of Qatar, the country boasts easy access to Hamad International Airport and the globally acclaimed Hamad Port
  • Hamad Port, with over 15 direct shipping lines connecting to 40 ports across three continents, has an annual capacity of 7 million tons.