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.

China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh

Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...

Business

Lufthansa cabin crews to go on strike

The announcement came after the airline's record profits.

Business
Business

Sanctions hit Russia, Iran to boost cooperation in energy and trade

Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister...
  • Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West.
  • The two countries vowed to increase the use of their national currencies in their trade exchange.
Economy

Saudi non-oil exports hit $21 billion in the first quarter of 2022

Saudi Arabia’s non-oil exports in the first quarter of 2022 reached 77.8 billion riyals ($21 billion), growing nearly 29 percent...
  • Overall merchandise exports increased by 72.7 percent in Q1 2022 compared to Q1 2021, reaching 359.3 billion riyals, up from SAR 208.0 billion in Q1 2021.
  • This increase originated mainly from oil exports, which rose by SAR 133.6 billion or 90.3 percent in the same period, the General Authority for Statistics said.
Business

Seeking new start, Russian professionals set up shop in Dubai

Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which...
  • They are attracted by the ease of setting up a business, and the prospect of better opportunities as sanctions bite at home -- and a more welcoming environment.
  • The city, with its luxury hotels and tourist facilities, is well known to Russians as a high-end destination for the wealthy, particularly those interested in real estate.
Business

After banning wheat shipments, India caps sugar exports

India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on...
  • The world's largest sugar producer and number two exporter after Brazil said on Tuesday that shipments would be limited to 10 million tonnes for the current marketing year
  • Although India is a marginal player on the global market, the move sparked a further surge in already-soaring global food prices
Geostrategy

Oil, gas firms use Ukraine war to resist climate efforts: report

The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion...
  • The London-based think tank InfluenceMap analyzed advertisements and declarations by the companies in the weeks before and after Russia's invasion of Ukraine
  • Oil and gas sector has quickly mobilized around the war in Ukraine and high gas prices to promote the need for more 'American-made energy'
Business

WEF calls for new partnerships to save fragile communities

The World Economic Forum has pleaded for a new partnership between various stakeholders in order to make a difference to...
  • In a paper released by the WEF, it calls for new collaboration between humanitarian and development organizations, businesses, investors and entrepreneurs
  • Over the next three years the partnership will develop innovative business models and investments that strengthen local economies

Digital technologies can cut greenhouse gas emissions: WEF

Digital technologies can reduce greenhouse gas emissions by up to 20% by 2050 in the three highest-emitting sectors: energy, mobility...
  • As businesses and governments respond to global calls for action to tackle climate change, significant efforts must be put in place to achieve net zero
  • The results were released during the WEF Annual Meeting 2022 - the focal point for leaders to accelerate the partnerships needed to tackle global challenges
Business

WHO members agree to overhaul health body’s funding

Shaken by the pandemic, the World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health...
  • The change will give the WHO a more stable income stream and control over a much bigger portion of the funding flowing through its Geneva headquarters
  • Tedros, who was re-elected earlier Tuesday, has made overhauling the agency's finances a key plank of his leadership
Business

GCC businesses need to diversify board members

The percentage of women on boards in corporate houses across the GCC countries is low, Christiane Schloderer, INSEAD Alumni Association's...
  • Boards that lack women representation suffer reputational and possibly regulatory issues, says Christiane Schloderer, INSEAD Alumni Association's senior member
  • Remuneration and placement committees, headhunters, and chairperson play an important role in appointing women in the key positions, she says
Business

Tokyo stocks open lower after US stocks slide

Tokyo stocks opened lower on Wednesday after US stocks mostly retreated on concerns about growth following a profit warning from...
  • The dollar fetched 126.68 yen in early Asian trade, against 126.86 yen in New York on Tuesday
  • Sony Group dropped 1.19 percent to 11,235 yen, Hitachi fell 1.22 percent to 6,545 yen, and Fujitsu was off 1.45 percent at 19,330 yen

China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh

Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...
Business

Company News

Latest News

ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business

Jazan City for Primary and Downstream Industries exports first shipment to US

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure...
Geostrategy

ACWA Power signs $911 million water purchase agreement with DEWA

Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) Tuesday signed a 30-year water purchaser agreement worth SAR 3.42 billion...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Saudi Cruise signs pacts with leading firms

The agreements are aimed at boosting investment in Aroya Cruise.
  • It signed partnerships with the ICEway for IT services, SourceToad for software engineering and Otalio for property management systems on board ships
  • In September 2023, Saudi Cruise announced cooperation with top-notch companies in the sector, MJM Marine and DE Wave for Aroya.
Business

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.
  • iot squared is a joint entity between the Public Investment Fund (PIF) and STC Group and it provides leading IOT solutions in the logistics service field.
  • Najm for Insurance Services was set up in 2007 due to cooperation between insurance firms, Saudi Central Bank and the General Department of Traffic.
Business

ADNOC and Occidental to advance direct air capture project in UAE

Abu Dhabi, UAE -- ADNOC and international energy company, Occidental, announced today an agreement to undertake a joint preliminary engineering...
  • They will undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States.
  • ADNOC said the study will assess the proposed one million tons per annum (mtpa) DAC facility to be connected to ADNOC’s carbon dioxide (CO2) infrastructure.