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.

Bitcoin hits fresh record above $72,000

Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...

Cryptocurrency Ether witnesses meteoric rise since launch

NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...

Business
Business

Dubai Government-Dubai Customs meet discusses best practices

A Dubai Government delegation that visited Dubai Customs was briefed about the department’s experience in budgeting, internal control, and best...
  • Through these visits, Dubai Customs supports its strategic relationships with its partners and builds effective, value-added relationships.
  • The two sides discussed government innovation and its role in supporting Dubai Customs’ vision and strategic plans.
Business

Qatar First Bank exits its first real estate investment in Baltimore

Qatar First Bank (QFB) has announced the successful exit of Jefferson Square, its first syndicated real estate investment located in...
  • QFB acquired Jefferson Square, a class A multifamily residential building, in June 2017 as part of its Sharia compliant real estate investment program.
  • Jefferson Square marks the second US real estate exit for QFB following the successful exit of Kennedy Flats, Connecticut in October 2021.
Business

Turkey grapples with fires from plastic recycling plants

Although Turkey has become the leading importer of European plastic waste after China banned imports in 2018 but according to...
  • In Kartepe, an industrial town in the country's northwest, one of these sites was closed by the authorities in December after the outbreak of three fires in less than a month
  • There was a fire every three days in Turkey's plastic reprocessing plants on average last year
Business

East Pipes’ revenues dip 36% to SAR597m

Saudi Arabia’s East Pipes reported a net loss of SAR3m during FY2022.
  • Total sales volumes decreased 26 percent for pipes sales and 23 percent for coating sales
  • Gross profit decreased 85 percent to SAR 35 million due to the shrinking production volumes
Arts & Culture

Making art in Jordan out of trash

Jordan-based artist Maria Nissan is on a mission: to rid the world of single-use plastics and to raise public awareness...
  • Nissan, US citizen of Iraqi origin, urges people to avoid buying plastic products and to go shopping with reusable bags
  • Jordanians use three billion plastic bags every year, of which only seven percent is recycled, according to the UN Development Program
Business

GCC equities stay steady this week

It was a week of mixed fortunes for various stock exchanges of the GCC, with TASI remaining flat through the...
  • Many analysts predict investors will start buying discounted stocks
  • Abu Dhabi's index closed higher on Friday, while Dubai's was unchanged
Business

Ending gender disparity key to regional prosperity

Even as SMEs in GCC seek to do more to end gender disparity , UAE proactively leads the region in...
  • Even as SMEs in GCC seek to do more to end gender disparity , UAE proactively leads the region in pursuing the diversity agenda, says Marketa Simkova, Partner at KPMG Lower Gulf
  • The share of women in the Saudi job market has reached 31 percent. In addition, the country has taken steps to ensure equal access for women to education and training, she adds
Business

Iraq allocates $2bn for Baghdad Metro project

Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...
  • Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
  • Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Business

ADX, AMAF introduce share donation facility to fund charitable causes

Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...
  • Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange
  • Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes
Business

Aramex gets regulatory approvals to increase foreign ownership limit to 100%

The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...
  • The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL
  • The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors

Bitcoin hits fresh record above $72,000

Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...

Company News

Latest News

Baker Hughes bags 400m ADNOC award

Baker Huhges will supply all-electric compression systems.
Business

Jericho pins tourism hopes on UNESCO listing

Despite many cultural treasures, there were only 32,535 hotel guests in the Jericho area in the first half of this...
Business

Saudi Arabia to continue voluntary oil cut until end of Dec 2023

The Kingdom's production in the coming months November and December will be approximately 9 million barrels per day, the country's...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Adnoc and Occidental sign deal

They will conduct a study to build a direct air-capture facility.
  • The deal was signed after the two companies had signed a collaboration agreement to explore carbon capture, utilisation and storage (CCUS) projects in the UAE and the US
  • The one-million-tonnes-per-annum facility will be be connected to ADNOC’s CO2 infrastructure for injection and permanent storage into saline reservoirs
Business

Miss Universe Bahrain and Pakistan promote halal and wellness tourism in Philippines

Dubai, UAE - : Recently crowned Miss Universe Queens Miss Universe Bahrain 2023 Lujane Yacoub and Miss Universe Pakistan 2023...
  • The two Miss Universe queens arrived in Manila this weekend to collaborate with the Philippine Department of Tourism in promoting its ‘Halal and Wellness Tourism’ campaign
  • With the Muslim travel market forecast to reach $225 billion by 2028, the Philippines’ government is trying to attract visitors from Muslim-majority countries
Business

Kazakhstan’s BSG Technology to set up business in UAE next year

Abu Dhabi, UAE-- Kazakhstan's BSG Technology is looking to expand its operations into the Middle East, and begin operations in...
  • BSG Technology intends to launch its operations in the UAE market in 2024 and in this regard it has partnered with a local company
  • Baimukhanbetov said the energy sector in the Middle East is large, offering many opportunities to companies for expansion in the field