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.

AstraZeneca to buy Amolyt for $1bn

It will pay $800 million upfront for the Lyon-based company.

Business

OpenAI partners with Le Monde and Prisa Media

Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...

Business

NFTs: Digital way to own art, music, videos

Everything is open-sourced, permission less and on-chain, Holaplex CEO Alex Kehaya tells TRENDS on the rising popularity of NFTs.
  • Holaplex’s Social NFT Network is a new platform for NFT enthusiasts
  • Kehaya believes that the NFT industry is seeing an adoption curve that is greater than that of the internet
Business

Material prices hurt as GCC cities turn green, smart

As the complexity of the pandemic and supply chain challenges have affected building material prices, the region should look for...
  • As the complexity of the pandemic and supply chain challenges have affected building material prices, the region should look for alternatives, says Nizam Abdul Baki of Purity
  • Green building materials improve the buildings' structures' sustainability and efficiency in terms of design, construction, maintenance, and renovation, he points out
Geostrategy

Abu Dhabi officials in Canada to discuss clean energy solutions

A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...
  • Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability
  • The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions
Business

European Union seeks to prepare arrival of ‘zero-emission’ aircraft

The European Commission called Friday on the members of the aviation sector to join an alliance to prepare for the...
  • The decarbonization of aviation is one of the major challenges toward the carbon neutrality goal the EU seeks to achieve by 2050.
  • Manufacturers are also working on new generations of regional aircraft using hybrid or electric propulsion, with a range of several hundred kilometers.
Geostrategy

Saudi Arabia, Djibouti sign agreement on maritime transport

The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which...
  • The maritime transport pact between Saudi Arabia and Djibouti aim to strengthen relations at the strategic level
  • The agreement aims to open new horizons for cooperation in various fields between the two countries
Business

Careem acquires MUNCH: ON

MUNCH: ON offering will be rebuilt on the Careem app.
  • MUNCH: ON, a subscription-based food delivery platform which connects customers to meals at a discount by tapping into underutilized kitchen capacity.
  • Careem said the two firms will work together to deliver even greater value by introducing low-cost meal segments.
Economy

‘Make it in the Emirates’ helps in growth of industries

The two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth...
  • The two-day ‘Make it in the Emirates' event highlight the UAE's capacity to ensure the growth of national industry
  • The event helps in identifying a number of products the country will depend on in the coming years
Business

EGA to produce silicon metal

Silicon metal is added to aluminum to create high-strength alloys.
  • Roughly a quarter of EGA’s production is foundry alloys, which are used to make vehicle parts.
  • The UAE currently has no domestic silicon metal manufacturing capacity, and EGA is by far the largest importer of this material.
Business

Dubai urges use of smart apps to order Eid sacrifices

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the...
  • Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor
  • Through the apps, residents can put in their orders for slaughter, have them delivered, or even distribute them to local charities
Economy

Big Oil meeting with US govt cordial but no gas price fix

High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.
  • High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating
  • Biden and the oil industry have an uneasy relationship, in part over the White House's efforts to restrict drilling in some federal areas

AstraZeneca to buy Amolyt for $1bn

It will pay $800 million upfront for the Lyon-based company.
Business

Company News

Latest News

IMF agrees on rise in funding, extra Africa board seat

The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third...
Geostrategy

UAE, South Korea ink MoU to enhance air transport relations

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
Geostrategy

SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Gold prices soar over 3% amid escalating Middle East conflict

Dubai, UAE - Gold prices surged over 3% on Friday, heading for their most robust weekly performance in seven months,...
  • Investors closely monitored the intensifying conflict in the Middle East, which has been unsettling markets
  • Meanwhile, spot silver saw a 4% rise to $22.72 per ounce, marking its first weekly gain in three weeks
Business

Smart and Autonomous Vehicles Industries cluster launches at Masdar City

Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It...
  • SAVI will support innovation and the commercialization of smart and autonomous vehicle technologies in the UAE
  • The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO) are spearheading the development of SAVI
Business

Saudi business sector’s operating revenues at US$1.36trn in 2022, says GASTAT

RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...
  • Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics.
  • Manufacturing activities recorded nearly US$378 billion revenues, followed by the wholesale and retail trade at US$201 billion.