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.

ExxonMobil makes new oil discovery

The oil and gas strike is the first of 2024.

Non-oil sectors contribute 50% to Saudi Arabia’s real GDP in 2023

RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...

Economy
Business

Tabadul: GCC region’s first digital exchange hub launched

Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors...
  • Tabadul will be accessible to all investors registered with eligible local brokers and who have filled out the requisite KYC documents required by exchange in their countries.
  • Securities on Tabadul are traded in respective exchange’s local currency, and in specified currency of the traded asset for some cases, with no minimum amount required for orders.
Business

AD Ports Group, SEG sign MoUs

A logistics and freight business and food trading hub will be built in Uzbekistan.
  • The logistics venture will deploy new technology and specialised processes to address the challenges caused by Uzbekistan's double-landlocked geographical location.
  • Based upon the 'Regional Food Hub – Abu Dhabi' currently under development in KIZAD, AD Ports Group will share their expertise towards the food trading hub.
Business

GCC central banks should hike rates to combat inflation: L’AZURDE CEO

Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.
  • Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, CEO L'azurde said
  • Companies, he said, should review costs from A to Z, from employees to manufacturing, automation and investment in technology
Business

Jordan pens success story with its chalk

Long before whiteboards, beamers and laptops entered modern school classrooms, teachers relied on the humble, dusty, sometimes screechy blackboard chalk.
  • Chalk, a white, soft limestone, was formed aeons ago when the shells of tiny marine creatures were compressed on the sea floor
  • Jordan has a near endless supply of the raw material, with the ministry of energy and mineral resources estimating the country's "assets of limestone exceed 1.3 billion metric tons
Geostrategy

Tunisia president defends new constitution ahead of referendum

Tunisia's President Kais Saied on Tuesday defended a proposed constitution set for referendum this month, after the drafting committee's chief...
  • The new constitution is the centerpiece of Saied's plan to remake the North African country's political system
  • Saied wants a presidential system to replace the country's 2014 constitution, which enshrined a mixed presidential-parliamentary system often beset by deadlock
Business

Tokyo equities open lower as recession fears persist

Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on...
  • In New York, the Dow fell as recession fears pounded petroleum-linked equities, but tech shares rallied, with markets eyeing the possibility of smaller interest rate hikes
  • The dollar fetched 135.57 yen in early Asian trade, against 135.87 yen in New York on Tuesday
Business

Crypto crash seen as interim pain for long-term gain

There will be some volatility in the sector for a long time to come because it is an early-stage market,...
  • There will be volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus
  • The prices of nearly every crypto coin have fallen by more than 50 percent from their all-time highs, with no rapid rebound expected amid the ongoing market crash, he adds
Business

EPG, Hub71 to help tech startups advance Abu Dhabi logistics sector

Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate...
  • As part of the agreement, EPG will also provide mentorship for startup founders and support the development of Proof of Concepts.
  • EPG-backed startups will also gain the ability to join Hub71’s vibrant community.
Economy

UAE Minister discusses development of fisheries sector

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's...
  • The minister met with groups of fishermen and heads of fishermen's associations
  • She discussed challenges, opportunities and development in the UAE's fisheries sector
Business

Dubai Chambers holds meet to enhance its role in economy

Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance...
  • Dubai Chambers discuss new ways to strengthen public-private sector partnerships
  • It discusses different ways the Chamber can enhance its role in the emirate’s economy

ExxonMobil makes new oil discovery

The oil and gas strike is the first of 2024.

Company News

Latest News

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...

World must add or replace 80 million km of grids by 2040: IEA

Paris, France-- Achieving all national climate and energy goals will require adding or replacing 80 million kilometres of power lines...
Economy

Sipchem 9M net profit down 67%

There was a 70% QoQ drop in net profit for the third quarter of 2023.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ADNOC Gas inks $500-700m LNG supply pact with JERA Global Markets

Abu Dhabi, UAE - ADNOC Gas on Wednesday announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500...
  • This agreement builds on the long-standing relationship between the UAE and Japan and reinforces ADNOC Gas’ position as a global LNG export partner of choice
  • ADNOC’s LNG production facilities on Das Island supplied LNG to the Tokyo Electric Power Company, one of the parent companies of JERA Co, for over 40 years
Business

United Airlines Q3 profit up

The airlines' net income stood at US$1.1bn, up 20.7 percent.
  • The airline warned its profits might be hit by rising fuel costs, and the prospect of a prolonged conflict in the Middle East.
  • Its total operating revenues were $14.5 billion for the same period last year, up 12.5 percent, while capacity was up 15.7 percent
Business

Masdar City and Huawei sign MoU to power UAE’s transition to net zero

Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way...
  • The agreement will enable capacity-building in net-zero development, help reduce the carbon footprint of Masdar City’s information and communications technology infrastructure
  • The net zero framework will encourage organisations to reduce the energy demand of information and communications technology systems and operations while switching to clean energy