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.

Saudi Arabia weighs handing state airline Saudia over to PIF

Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund,...

Business

Qatar looks to boost tourism sector by streamlining regulations

Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...

Business
Business

Google’s immersive Street View could be glimpse of metaverse

There was not yet talk of online life moving to virtual worlds when a "far-fetched" musing by Google co-founder Larry...
  • The internet behemoth is introducing an "immersive view" that fuses Street View images with artificial intelligence to create "a rich, digital model of the world
  • Facebook renamed its parent company to Meta last year to emphasize its virtual reality vision, and opened Horizon World virtual reality platform to the North American public
Business

US raids properties of sanctioned Russian billionaire: media

Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue...
  • Authorities are also searching a property on Miami's Fisher Island believed to be linked to Vekselberg, NBC reported
  • Vekselberg is the head of the Renova Group, a Moscow-based conglomerate, and one of several wealthy Russians who have been targeted by sanctions
Business

Starbucks names outgoing Reckitt leader as next CEO

Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks...
  • The transition comes as Starbucks navigates a burgeoning US unionization push following a difficult stretch for workers during Covid-19
  • Neil Saunders, analyst at GlobalData Retail, said the appointment was a "good move" in light of  Narasimhan's record in overseas markets
Business

Twitter starts trial of edit option after months of speculation

The trial of "Edit Tweet" will begin with internal employees, then be expanded out to the platform's "Twitter Blue" subscription...
  • Tesla Chief Executive Elon Musk, who is locked in a lawsuit with Twitter, had backed an edit button
  • A Twitter spokesperson said the test will not necessarily be employed universally on the platform
Business

Saudi economy pins hope on female entrepreneurs

Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...
  • Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
  • The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
Business

Work begins on world’s first model of green steam cracking unit

Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically...
  • The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon emissions of the process by 90 percent.
  • The fully electric heating unit will be integrated into one of the existing steam crackers at BASF's Verbund site in Ludwigshafen, Germany.
Business

ADNOC’s first shipment of low-carbon ammonia leaves for Germany

Abu Dhabi, UAE:  Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has...
  • The demonstration cargo will be delivered to Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide.
  • Aurubis plans to utilise the low-carbon ammonia as a feedstock in its wire rod plant, testing its application as an additional, lower-carbon energy source for industrial use.
Business

Markets volatile, world economy likely to grow 3.2% in 2022

As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.
  • Global investors need to factor in how demand and supply chains will impact trade around the world
  • The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
Business

UBS partners with Qatar for green project in Gulf country

Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in...
  • The collaboration intends  to develop a joint vision for the initiative with the objective of establishing Qatar as a center for environmentally sustainable investments
  • To give a boost to the partnership Qatar will make an initial seed investment of up to $500 million
Arts & Culture

S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate

The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...
  • The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
  • In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic

Saudi Arabia weighs handing state airline Saudia over to PIF

Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund,...
Business

Company News

Latest News

Global assets in spot bitcoin ETFs hit US$4.16 billion

Dubai, UAE--Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total US$4.16 billion, showed...
Business

UAE charges ahead in global electric vehicle readiness

The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride...
Business

Don’t pause Mideast de-escalation over war, says UAE official

Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Science

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Business

PureHealth partners with Dell to use AI in disease detection, data analysis

Abu Dhabi, UAE--PureHealth has joined hands with Dell Technologies to utilise generative artificial intelligence (AI) across healthcare services including in...
  • The cooperation will take advantage of the collective resources and technologies of both companies to improve health outcomes by ensuring access to medical solutions
  • The global AI healthcare market was valued at $11 billion in 2021 and is projected to expand to have a market size of $187 billion market size by 2030
Business

Conflict points to economic shift in Arab-Israel ties

Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key...
  • Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key regional trade pacts.
  • Israel's strategic gas deals and burgeoning trade with Arab nations, including a potential UAE free trade deal, will be affected if the Gaza conflict escalates further.