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.

UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...

Business

Foreign investments boost Saudi financial market

Saudi Arabia's financial market is on an upward trajectory, fueled by substantial foreign investments and strategic economic diversification under Vision...

Business
Business

Russia assures Egypt of providing grains as per order

Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a...
  • Foreign Minister Lavrov said that Russian exporters of cereals will fulfil their orders and provide grains to Egypt and other countries
  • Lavrov's visit comes hot on the heels of a landmark deal Russia and Ukraine signed on Friday with the United Nations and Turkey
Economy

Dubai most expensive city in Arab world

Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.
  • Mercer survey is aimed at providing employers data to help them navigate compensation strategies for their mobile employees in the world.
  • Urkaine conflict, rising inflation and volatility of markets has affected the cost of living for most of the people in the world.
Business

Center to combat financial fraud inaugurated in Saudi Arabia

A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers...
  • The center brings together all Saudi banks under one roof to improve the customer experience and tackle confirmed cases of financial fraud.
  • The Center’s establishment came from from the Saudi Central Bank’s support for the stability of the banking sector, said SAMA governor.
Business

Ataa acquires Saudi firm Naba’a

The acquisition made through Ataa subsidiary.
  • The financial impact will be visible on the financial results for the year ending on July 31, 2022.
  • In January 2021, Ataa inked a partnership agreement to acquire 52 percent of Riyadh-based Al Wasat National Schools for Training and Education Company.
Business

Iraq and Kurdistan decide to talk to resolve oil dispute

The federal government in Baghdad and the autonomous Kurdish region pledged Saturday to "increase dialogue" to ease a simmering oil...
  • The announcement came during a rare visit to the Iraqi capital by the Kurdish region's prime minister. Masrour Barzani, who had not visited Baghdad since 2019
  • The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil extracted from its territories
Business

UAE applauds grain export deal between Russia and Ukraine

The UAE has welcomed the agreement reached between Russia and Ukraine on the export of grain, and has applauded the...
  • The Ministry of Foreign Affairs and International Cooperation reaffirmed that the agreement is a positive step that will contribute to enhancing global food security
  • The UAE President Sheikh Mohamed bin Zayed Al Nahyan today made a phone call to the President of the Republic of Turkey, Recep Tayyip Erdogan
Business

EITC posts 26% jump in profit

The net profit rose to $82.5 million for the second quarter.
  • The company's mobile customer base grew 13.0% to 7.4 million subscribers
  • It ended the quarter with 6.1 million prepaid customers
Business

Al Dhaid Date Festival supports farmers to improve output

The four-day event is organized by the Sharjah Chamber of Commerce and Industry (SCCI).
  • The positive changes in the 2022 edition resulted in increased competitiveness among palm owners and farmers.
  • It has attracted hundreds of participants, in addition to impressive turnout of visitors from all over the country.
Economy

Dubai’s labor body to expand schemes for welfare of workers

The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the...
  • The Permanent Committee for Labor Affairs said it will collaborate with private, social organizations for progressive labor policies in Dubai
  • PCLA said it pursues workplace campaigns and community initiatives to improve workers’ standard of living and working
Business

African Union lauds Russia for allowing Kyiv to resume grain export

Ukraine and Russia and two of the world's largest grain producers.
  • Ukraine's farms are major source of grain for world market, particularly in Middle East and Africa.
  • Cereal prices in Africa have surged because of the slump in exports due to Russia-Ukraine war.

UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...
Business

Company News

Latest News

Aldar achieves record occupancy in Grade A commercial properties in Abu Dhabi

Abu Dhabi, UAE - Aldar Properties achieved a 97% occupancy rate across its prime Grade A commercial properties, which includes...
Business

Knowledge E and HBMSU sign agreement to ‘reshape future of education’

Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the...
Business

PIF and Hyundai to set up JV vehicle-manufacturing plant in Saudi Arabia

Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Nearly 5,000 member companies join Sharjah Chamber in 2023

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this...
  • The Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba now boast 45,373 active members.
  • The total export and re-export values of the members of the Sharjah Chamber reached US$4.6 billion through the third quarter of the current year.
Business

DP World, TPA ink pact

DP World will operate Dar Es Salaam Port in Tanzania.
  • The main aim is of optimizing the port’s operations to improve transport and logistics services throughout Tanzania and its hinterland.
  • The port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors.
Business

New CEO appointed in SRC

Majeed Al Abduljabbar will be the CEO from January 1, 2024.
  • Al Abduljabbar has been working in the banking sector for over 15 years, including in the HSBC Bank in London.
  • He also contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB).