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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.

Top social media sites become haven for crypto fraud

Instagram accounts for 32% of all fraud cases on social media, followed by Facebook and WhatsApp as scammers find it...
  • Most recorded crypto scams originated on social media as investment fraud
  • Yet, few safeguards are in place to protect consumers from scams in the crypto market

Twitter-Musk affair heads for bitter end

Courted and then jilted by the world's richest person, Twitter looks well-positioned to win a court battle with Elon Musk...
  • Musk sent a letter to Twitter on Friday saying he was pulling out of controversial Twitter deal
  • If Twitter wins in court, Elon Musk will, at a minimum, have to pay a few billion dollars in damages

Dubai tourism achieves robust growth in 2022

The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the...
  • The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
  • Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.

AI set to play key role in fight against climate change

Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...
  • Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge
  • A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

Regional projects vital for future, says Jordan’s King Abdullah

King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery the COVID-19 pandemic....
  • King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery from the COVID pandemic.
  • The vision plans for the coming years by capitalizing on opportunities in the Kingdom, especially amid the impact of the Ukrainian crisis.

Twitter-Musk affair heads for bitter end

Elon Musk's pursuit of Twitter was a melodrama from beginning to end -- a volatile courtship between a mercurial billionaire and...
  • That relationship -- an obvious love-hate affair from Musk's side -- now seems set to end in an acrimonious divorce
  • Twitter's chairman tweeted that the company will pursue legal action to enforce the deal, setting up a pricey showdown as the divorce heads to court

UAE takes part in G20 Foreign Ministers’ meeting in Indonesia

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...
  • The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity
  • Such meetings help in promoting international cooperation to achieve sustainable development goals

Metaverse is in the making since 90s: Expert

As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the...
  • Metaverse is the product of a several waves of digitization and internet development since the 90s.
  • Metaverse will create new opportunities for new services and, in fact, new activities altogether.

Over 4,800 take part in Dubai corporate volunteering program

Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across...
  • Volunteers dedicated 17,460 hours across projects benefitting more than 147,000 individuals
  • The month-long event is part of Dubai Chamber of Commerce ENGAGE Dubai corporate volunteering program

Saudi Esports Federation allies with ASUS Republic of Gamers for Saudi eLeagues

Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14.
  • Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14
  • The event features top esports action alongside a series of festivals, concerts, shows, and more

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

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G42 and OpenAI partner to provide UAE with AI solutions

Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets....

Saudi Central Bank to collaborate with monetary authority of Singapore in fintech

Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) signed an agreement with the Monetary Authority of Singapore (MAS) on...

KSA builds on MENA construction with $44bn contracts

Despite global economic challenges, the region showcased resilience in the first half of 2023, backed by a robust performance in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Asian stocks drop as Israel-Hamas conflict threatens to expand

Markets had enjoyed a healthy run Tuesday on optimism that while Israeli Prime Minister Benjamin Netanyahu was preparing for a...
  • Asian markets mostly fell, with Hong Kong, Shanghai, Singapore, Mumbai, Jakarta, Taipei and Manila all down, along with London, Paris and Frankfurt.
  • Crude jumped more than two percent at one point on worries about supplies from the oil-rich region in the event of a wider war.

ACWA Power signs clean energy agreements with Chinese partners

Riyadh, Saudi Arabia -- Saudi-listed ACWA Power has signed seven cooperation agreements with Chinese firms for solar, green hydrogen and...
  • The agreements were signed with entities including State Power Investment Corporation, one of the largest state-owned power generators in China.
  • The agreements, which include green hydrogen and water desalination projects, the third Belt and Road Forum held in Beijing on October 17-18.

Dubai’s tech ambitions take center stage at GITEX Global

Dubai, UAE - Global tech giants such as Google, Microsoft, Zoom and Huawei are among more than 6,000 businesses displaying...
  • Global tech giants such as Google, Microsoft, Zoom and Huawei are among more than 6,000 businesses displaying their latest advancements at the event.
  • The 2023 edition has attracted 180,000 technology specialists from 180 countries, a 40 percent increase from previous years.