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’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...

Business

Nissan, Honda in tie-up for EVs

The alliance will take on China's dominant EV makers.

Business
Business

MENA gaming sector plays well with new technologies

The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...
  • The region's gaming industry is estimated to be worth $5bn by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar
  • Although a spike in gaming consumption was driven by the pandemic, sustained growth is expected owing to a combination of factors, says market players
Business

European stocks surge Monday after nosediving last week

Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last...
  • London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively.
  • Markets have suffered sharp losses in recent weeks on fears that global rate hikes -- aimed at fighting soaring inflation.
Economy

IMF authorities in Tunisia to discuss bailout package

An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with...
  • Tunisian central bank's press office told AFP that the two-week visit would involve officials from the bank and the finance ministry.
  • The North African country, the birthplace of the 2011 Arab Spring uprisings, has been suffering under a grinding economic crisis.
Economy

CEPA with India, Israel, Indonesia to help UAE economic growth

The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the...
  • Comprehensive economic partnership agreements to help UAE's economy's growth by 2.6 percent by 2030
  • The UAE is holding talks with several other countries for signing similar agreements
Business

Turkish Airlines flights at pre-pandemic conditions

Turkish Airlines has announced that flights to Saudi Arabia have resumed to pre-pandemic conditions and Saudi citizens will now be...
  • Turkish Airlines announces that flights to Saudi Arabia have resumed to pre-pandemic levels
  • The airlines said that from June 20, 2022 the restrictions set by Türkiye due to COVID-19 has been lifted
Business

Iran, Russia, Turkey considering joint car design and production

Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black...
  • The proposed cooperation on automobile constriction between the three nations could progress rapidly.
  • Numerous car makers have stopped sales of their cars or parts to Russia since it sent military to Ukraine.
Economy

Dubai Supreme Council moots monitoring panel for petroleum trading

Dubai Supreme Council of Energy on Monday discussed establishing a permanent committee to monitor petroleum product trading in Dubai and...
  • At its 71st meeting, the Council said that in 2021, savings were equivalent to 6.4 terawatts of electricity, approximately 12.5 percent of business as usual.
  • Since 2011, demand-side programs have contributed to avoiding 14.1 million tons of carbon dioxide emissions, saving nearly AED9 billion. 
Business

Dubai Customs’ department carries out nearly 62,000 inspections in Q1

The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first...
  • The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022.
  • The smart scanning systems developed by Dubai Customs has increased the rate of identifying suspicious shipments.
Business

DEWA produces 700MW more energy, capacity rises to 14,117MW

DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD...
  • DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD and CEO of DEWA said
  • Al Tayer revealed that the clean energy share in Dubai’s energy mix has reached 11.5 percent and is expected to reach 14 percent by the end of 2022
Business

Al Bateen ladies’ beach in Abu Dhabi to be given makeover

Al Bateen ladies' beach in Abu Dhabi will be redeveloped with public amenities in order to brighten its appeal as...
  • The beach covers more than 36,580 sqm and will feature a restaurant, cafes, a prayer room and a convenience store
  • The beach will be temporarily closed from 4th July until its completion in the second quarter of 2023

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...
Business

Company News

Latest News

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...
Business

Moro Hub and DDA sign MoU to safeguard Dubai’s information assets

Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA)...
Business

Emirati investments in Turkey reach $5.6 billion in 2022

ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Tech summit in disarray after organizer’s Israel comment

Paris, France - Several technology industry leaders have decided to boycott one of the sector's biggest annual events after the organizer...
  • "War crimes are war crimes even when committed by allies, and should be called out for what they are," Cosgrave wrote on October 13
  • Cosgrave also said that Israel should adhere to the Geneva Conventions, "ie, not commit war crimes"
Business

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
  • The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.
  • Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.
Business

Gaza conflict: Fitch places Israel’s IDR on rating watch negative

London, United Kingdom -- Fitch Ratings has placed Israel's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of 'A+' on...
  • Fitch fears escalation could severely impact Israel's credit metrics due to increased military spending, infrastructure damage, and a shift in consumer and investment sentiment.
  • Fitch suggests that a major escalation could lead to a negative rating action for Israel. This could manifest as a prolonged conflict, resulting in sustained fiscal challenges.