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.

Parkin to give more shares to retail investors in its IPO

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail...

Business

Microsoft to train Philippine women in AI

It will partner with local schools to provide the training.

Business
Economy

WTO negotiators finalize key texts on fishing, Covid vaccines

The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...
  • World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet
  • The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers
Economy

Jordan’s Economic Modernization Vision to simplify tax rules

Jordan's Economic Modernization Vision has proposed ways to simplify customs, taxes and shipping regulations for trade and retail business
  • The vision focuses on the trade sector as a top national priority due to its contribution to the GDP
  • The vision is set to be implemented in three phases over the next 10 years
Business

One billion ADNOC Rewards points redeemed in one month

The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation.
  • The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation
  • ADNOC Rewards has delivered tailored offers to suit customer habits and needs; introducing a strong partnership program with 83 affiliates including Etihad Guest and Etisalat Smile
Business

US President says ExxonMobil ‘made more money than God’

President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and...
  • ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes
  • Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent
Business

Saudi Arabia seizes 302,255 Captagon pills at Al-Haditha port

Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.
  • The Zakat, Tax and Customs Authority seized 302,255 Captagon pills from the fuel tank of a truck and medical braces worn by a smuggler
  • The operations were carried out in coordination with the General Directorate of Narcotics Control and three people have been arrested
Science

Meta’s Quest VR gear to let people ‘hang out’ in fake worlds

Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to...
  • Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said
  • Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets
Geostrategy

Iran, Venezuela ink 20-year deal on cooperation in Tehran

Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and...
  • The deal inked by Iran and Venezuela include energy, financial and defense
  • From July 18 direct flights would operate between Caracas and Tehran
Business

EWEC to conduct 4th Clean Energy Certificates Auction

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...
  • The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
  • Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Business

Soqoor program: DEWA approves 50,567 NOCs

It is the first government program of its kind to evaluate consultants and contractors in Dubai.
  • It is the first government program of its kind to evaluate consultants and contractors in Dubai
  • The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality
Business

Iran arrests 13 bank heist suspects: judiciary

Iran has arrested 13 suspected robbers accused of making off with the contents of more than 160 safe boxes from...
  • The fugitives who fled abroad had been detained thanks to "good cooperation" with Interpol and were in the process of being transferred back to the Islamic republic
  • The broadcaster aired footage of those it said had been detained in Iran, dressed in prison outfits and facing a wall

Parkin to give more shares to retail investors in its IPO

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail...
Business

Company News

Latest News

GCC’s digital leadership puts focus on cybersecurity

As GCC leads in digital innovations, there's an urgent need for strong cybersecurity to combat increasingly complex threats targeting governments,...
Business

Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023

DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate...
Business

EV infrastructure company launched

PIF will own 75% in the Electric Vehicle Infrastructure Company.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Saudi Arabia Railways launches hydrogen train tests

Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has announced the launch of hydrogen train tests in the Kingdom, following...
  • The tests were launched following the signing of an agreement with the French company Alstom.
  • It will conduct operational tests and studies necessary to prepare this type of train to fit the Kingdom's environment.
Business

Hotels in UAE generate revenues of US$7bn in first seven months, says minister

ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of...
  • Hotel establishments in the country hosted 16 million guests in in the first seven months of 2023, said the UAE economy minister.
  • Some 56 million hotel nights have been booked while the occupancy rate reached 75 percent from January to July.
Geostrategy

Major airlines cancel dozens of flights to Tel Aviv

Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...
  • At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights
  • But airport authorities did not stop commercial air links with Eilat, Israel's second international airport