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.

Sheikh Hamdan praises ADNOC’s efforts in using AI in production process  

ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...

Business

GASTAT issues FDI statistics of Saudi Arabia for Q4 2023

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for...

Economy
Business

DEWA, Desolenator ink pact

Dutch firm will provide water desalination technology
  • The innovative design is intended to be 100 percent reliant on solar energy.
  • As per the agreement, a pilot water desalination plant has been installed at the Jebel Ali Power Plant and Desalination Complex.
Economy

‘Standardization key to enhancing quality of local products’

UAE Minister of Industry and Advanced Technology (MoIAT) Dr. Sultan bin Ahmed Al Jaber said that hosting the International Organization...
  • The UAE minister said the ISO annual meeting is in tune with MoIAT's efforts to benefit from international expertise.
  • Sultan Al Jaber added that such events showcase the UAE's quality infrastructure and deepen partnerships with relevant national and global entities.
Business

Mubadala discovers gas reservoir offshore Malaysia

Abu Dhabi, UAE---Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320,...
  • The company said preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir.
  • Mubadala Energy is the Operator of Block SK320, with 55 percent participating interest in the Production Sharing Contract.
Science

Elon Musk intends to bring satellite internet to Iran

Musk had initially announced that the Starlink satellite internet service had been made available on every continent "including Antarctica" with...
  • Iranian-born science journalist Erfan Kasraie had said on Twitter that bringing the service to Iran could be a "real game changer for the future" of the country
  • Launched at the end of 2020, Starlink offers high-speed broadband service to customers in areas poorly served by fixed and mobile terrestrial networks
Business

Al Sagr, Gulf Union may merge

The two insurance firms will have discussions on the merger.
  • After the proposed merger is completed, Gulf Union Alahlia will issue new shares to Al Sagr Insurance shareholders in exchange for all issued shares of Al Sagr
  • After the two will have conducted all necessary due diligence, Gulf Union Alahlia and Al Sagr will determine the share-for-share exchange ratio
Videos

Abu Dhabi leads GCC in integrated waste management

Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and...
  • Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and hazardous waste during the first half of 2022
  • During the first half of 2022, Tadweer successfully diverted 34% of all waste in Abu Dhabi away from landfills, and diverted 50% of waste resulting from demolition and construction
Business

QIB partners with Loop

They will promote eco-friendly alternative to personal cars.
  • The agreement is in line with QIB’s sustainability principles for urban mobility and encourages the public to reduce carbon footprint to mitigate the effects of climate change
  • Loop Mobility is a start-up transforming operations with a revolutionary e-scooter model and supporting national efforts towards building a more sustainable future
Business

Innovations keep manufacturers going in Middle East

More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills...
  • More organizations in the region are trying to turn their current challenges into advantages through innovations and by improving skills to collaborate with suppliers and allies
  • Manufacturers who recognize and harness the sector's challenges and trends will be better positioned to capitalize on new opportunities
Business

Sports sector contributes US$2.45bn to Dubai economy

The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's...
  • The DSC chairman said the government’s support for the industry is a key priority in Dubai’s drive to become the best city in the world to live and work in
  • The council’s latest strategy focuses on sports clubs, sporting infrastructure, esports, sports tourism, and sports technology
Geostrategy

UAE says global pacts can help face labor related challenges

The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
  • The UAE said that it is important to guarantee the rights of employers and employees.
  • Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.

Sheikh Hamdan praises ADNOC’s efforts in using AI in production process  

ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...
Business

Company News

Latest News

TASI-listed firms report an aggregate net profit of $48.1bn in Q3   

RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...
Business

Qatar records real estate contracts worth $60 million in five days

Doha, Qatar - The real estate market in Qatar witnessed a significant surge in trading activity as the Department of...
Business

ADNOC Distribution Q3 net profit $227m

The EBITDA increased by 28% YoY to $303 million in the third quarter.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Samsung to add real-time translation to smartphone model

Samsung is the world's largest smartphone maker accounting for a fifth of global sales between July and September, as Apple...
  • The new real-time translation feature will be incorporated into Samsung's new Galaxy flagship model, which will launch next year
  • It will enable "real-time translation in audio and text as the callers are on the line", the spokesman of Samsung said
Business

NEOM opens London office as base for UK and European business

London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...
  • The opening of the office is part of the NEOM’s effort to expand its international footprint
  • As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe
Business

Emaar 9M net profit $1.1bn

This is due to the successful launches of new projects.
  • Emaar Development’s property sales increased by 25 percent, reaching US$7.9 billion in the first nine months of 2023.
  • In the first nine months of 2023 (January to September), Emaar Development reported an EBITDA of US$1.2 billion.