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.

Nakheel, Meydan join Dubai Holding

The Board of Directors of both Nakheel and Meydan will be abolished.

Business

Air Arabia shareholders approve 20% dividend for FY2023

SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

Business
Business

Elon Musk deal to buy Twitter in danger: report

Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social...
  • According to the Post, however, Musk has been unable to pin down the percentage of Twitter accounts that are not genuine
  • Twitter shares, which were already trading lower than the price offered by Musk, sank about four percent on the news
Business

Summer break, Eid push up Saudi air ticket prices

The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between...
  • Saudi Arabia's domestic airports are witnessing active travel due to the summer break and Eid al-Adha
  • There has been an increase in the prices of domestic flights tickets, ranging between 32% to 314%
Business

British Airways staff halts strike after better pay offer

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay...
  • Members of the GMB and Unite unions recently backed action as surging inflation erodes the purchase power of wages.
  • Unions had previously threatened a "summer of strikes" after last month's vote, but had not given any precise dates.
Business

Eid: Sharjah Economic Development Department to intensify market campaigns

Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the...
  • The campaigns carried out by SEDD included all food service establishments, retail and wholesale stores, men's and women's salons, and gold markets.
  • These establishments include Al Jubail market, livestock markets and others, in addition to various economic activities that are in great demand at this time.
Economy

Record exports help US trade deficit reach its lowest in 2022

The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop...
  • Surge in oil sales, natural gas and consumer goods pushed American exports up by $3 billion to $255.9 billion.
  • Multiple export categories set records, including industrial supplies, autos and parts, and also petroleum.
Economy

17 institutions win Real Estate Excellence Award in Sharjah

The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards...
  • Sharjah Real Estate Registration Department awards are part of a plan to make the emirate an attractive global destination
  • One of the plans are to attract investors and consolidate the emirate's position as a sustainable knowledge economy
Economy

Common Reporting Standards to be mandatory in UAE, says CBUAE

Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial...
  • The CRS is a global method for the automatic exchange of accounts with other financial regulatory organizations across the world
  • The CBUAE is keen to comply with global standards as part of its mission to enhance monetary policy and financial stability
Business

Dubai records real estate transactions worth $435 million Wednesday

Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of...
  • The sales included 436 villas and apartments worth AED1.1 billion, and 18 land plots worth AED148.73 million.
  • Mortgages included 92 villas and apartments worth AED206.75 million and four land plots valued at AED52.27 million.

UAE, Japan discuss forming a business council

The council aims to boost cooperation and visits between the business communities in both countries.
  • The council aims to boost cooperation and visits between the business communities in both countries
  • Secretary-General of the FCCI bin Salem invited Japanese businesses to invest in the UAE and leverage government incentives
Business

UAE to woo at least 300 global tech firms with ‘NextGenFDI’

The UAE will encourage some 300 global technology firms and software developers to set up base in the country under...
  • Dr. Thani bin Ahmed Al Zeyoudi said large and SME businesses approached UAE for the relocation
  • The UAE also aims to establish 1,000 new digital companies and increase investment in startups from approximately US$400 million to US$1.3 billion

Nakheel, Meydan join Dubai Holding

The Board of Directors of both Nakheel and Meydan will be abolished.
Business

Company News

Latest News

US tightens curbs on exports of advanced AI chips to China

Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to...
Business

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...
Business

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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Presight AI, TOTM form joint venture

The JV will develop and deploy their combined proprietary technologies.
  • The joint venture agreement will establish an entity that will leverage Presight’s Big Data AI and Data Analytics capabilities.
  • This will allow governments and enterprises to transform mission-critical infrastructure with intelligent new solutions that are data-driven.

Tech giants Foxconn, Nvidia announce they are building ‘AI factories’

The world's largest contract electronics maker, Foxconn -- officially known as Hon Hai Technology Group -- already plays a lynchpin...
  • The "AI factories" would include "digitalization of manufacturing and inspection workflows, development of AI-powered electric vehicle and robotics platform
  • If successful, Foxconn's customers could use these systems to deliver generative AI services and use simulation to train autonomous machines

Musk’s X starts charging new users for basic features in two countries

Tech billionaire Elon Musk, who bought Twitter last year for $44 billion, has long complained about fake accounts, bots and...
  • New users in New Zealand and the Philippines will have to pay an annual fee for the ability to write on X, like and reply to posts, and bookmark content
  • Those who decline to pay will be able to access X in read-only mode, limited to viewing content and following accounts, the company said