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.

Crypto soars in MENA even as it loses sheen elsewhere

A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.

Business

Air Arabia Egypt marks its first flight to Istanbul

CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...

Business
Business

Foreign firms can now get approval for dual listing on Tadawul

Riyadh, Saudi Arabia— Foreign companies will be able to obtain approval for dual listing on the Saudi market, according to...
  • Mohammed Al-Rumaih told media that companies need finance to expand in particular industries, noting that the capital market aims to be the first partner to provide finance
  • Tadawul Group witnessed its 39th listing of the year on Oct. 25, with 18 listing requests approved by the CMA through 2022
Business

Arab Broadcasting Festival set to begin in Riyadh, in November

Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have...
  • President of the Arab States Broadcasting Union (ASBU) and CEO of Saudi Broadcasting Authority, Mohammad bin Fahd Al-Harithi, announced the completion of the ongoing preparations
  • Al-Harthi explained that the hosting comes from the authority’s role in the Kingdom’s Vision 2030, which aims to develop the production industry
Market Report

Gulf indices ease as China COVID curbs hit oil prices

Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.
  • Gulf stock exchanges declined during the last two trading days.
  • The Dubai Financial Market fell 49 points for this week as a whole, or 1.4 percent, compared to last week,
Business

Octopus Energy acquires Bulb

Firm said it was paying the government a nine-digit sum.
  • Bulb, Britain's seventh-biggest supplier, collapsed in 2021 due to soaring wholesale prices
  • The government will give financial support to buy energy for Bulb customers over this winter.
Geostrategy

Jordan to host renewable energy investment forum

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...
  • The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.
  • The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.
Geostrategy

Jordan cabinet reshuffle aims at modernization plans

Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the...
  • The plans include political, economic and public sector modernization.
  • The new tasks for the government are streamlining performance, improving public service, attracting investment and economic development.
Business

Stc posts US$2.5bn profit in Q3

It said profit was driven by multi-sector investments.
  • The telecom company's revenues hit $13.33 billion during the nine-month period, up from $12.53 billion last year, which was offset by lower cost of revenue
  • During the third quarter, stc’s profits jumped 21 percent to reach $933 million
Business

Abu Dhabi Airports revamp its brand identity

The makeover is geared to provide connectivity and hospitality that showcases the emirate as a prime travel destination.
  • The makeover is geared to provide connectivity and hospitality that showcases the emirate as a prime travel destination
  • It also aims at ensuring safe, secure and sustainable airport environments and operations
Business

Musk seeks to soothe critics with Twitter content panel

The deal drew contrasting reactions, with former US president Donald Trump cheering the change of leadership on a platform that...
  • Musk's first policy act was to tweet that he will form a "content moderation council" embracing "widely diverse viewpoints."
  • "No major content decisions or account reinstatements will happen before that council convenes," he said
Business

Alpha Dhabi posts US$2.45bn net profit

It recorded a150% rise in profit in first nine months of 2022.
  • Revenues also grew significantly standing at $7 billion, representing a year-on-year increase of 133 percent with strong contributions from the existing portfolio in the healthcare
  • The Group remains well-funded with a strong cash position of $4. 62 billion

Crypto soars in MENA even as it loses sheen elsewhere

A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.
Business

Company News

Latest News

Crude prices slip 4% after OPEC+ reschedules Vienna meeting

The current output strategy by OPEC+ that saw nine members led by Riyadh to cut production in recent months to...
Business

From Changpeng Zhao to Do Kwon: The fallen kings of crypto

Seoul, South Korea - Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period...
Business

Does Anghami and OSN+ collab make financial sense?

A first of its kind in the region, the combination will offer consumers digital services of the best and latest...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Binance to pay billions in US in money laundering case

Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of...
  • Zhao pleaded guilty to failing to maintain an effective anti-money laundering program
  • Binance's agreements with the Treasury Department's agencies include a civil money penalty of $3.4bn
Geostrategy

Iran and Russia to speed up railway project along Caspian Sea

Tehran, Iran--Iran will begin construction work on joint railway projects with Russia as part of the International North-South Transport Corridor...
  • The two countries consider the 162 km railway line along the Caspian Sea shoreline as a crucial component of the International North-South Transport Corridor
  • The Iranian first vice president said the design proposals and contracts for the Astara-Bandar Abbas railway have also been reviewed by both the Islamic republic of Iran and Russia
Business

UAE owns 40% of aircraft fleet in Arab region, says ACAO official

Dubai, UAE -- The United Arab Emirates (UAE) holds nearly 40 percent of the aircraft fleet in the Arab region,...
  • UAE's aviation sector enjoys global confidence regionally and internationally, competing with major airlines in Europe and North America, said Abdennabi Manar.
  • Manar anticipated that the UAE aviation sector would continue its upward growth trajectory, aligning with the substantial growth witnessed in the Arab aviation sector.