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.

Doctors play key role in enhancing healthcare system

“Emirati doctors play a key role in enhancing the healthcare system and promoting health and wellness throughout society. We look...

Business

Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn

AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...

Business
Business

World Cup police brace for ‘huge crowds’ in Doha

Controlling hundreds of thousands of football fans in Qatar's capital will be the biggest security challenge of World Cup 2022,...
  • Unlike previous World Cups, where only two teams and their supporters would generally converge on one city at any given time, all the games will take place in and around Doha
  • Major General Abdulaziz Al-Ansari, head of Qatar's World Cup security operation, also acknowledged that the numbers were the main concern
Business

Sharjah Consultative Council reviews plans to promote private sector

The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
  • Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
  • He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Business

DEWA research facility registers patent for drone charging system

Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...
  • The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
  • DEWA said the system can be used for government, military, commercial, and personal operations.
Business

Qatar Chamber signs deal with Spanish firms to promote trade

Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...
  • There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
  • Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.
Business

Al-Waleed to sell 16.87 percent of his firm to Saudi sovereign fund

The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns...
  • Al-Waleed, once dubbed the Warren Buffett of Saudi Arabia, struggled to recover his political and financial standing in the kingdom after he was detained in a crackdown.
  • Saudi Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, is at the heart of Saudi Arabia's efforts to end its reliance on oil.
Business

Iraq will have a surplus of the difference in selling oil: FM

Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up...
  • Minister said in a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars"
  • According to the Iraqi Minister, 2021 budget is unable to cope with economic fluctuations
Economy

Central Bank of Iraq increases its capital to $3.42 billion

The Central Bank of Iraq has announced an increase in its capital to 5 trillion dinars ($3.42 billion) Iraqi media...
  • The bank decided to its capital from 3 trillion dinars to 5 trillion dinars.
  • The increase was made using part of the profits achieved by CBI in 2021.
Business

UAE tea exports increase to AED1.2bn in 2020

The UAE has found its way into an exclusive club of top five tea-exporting countries in the world, with total...
  • The tea trade volume reached AED586 million in Q1 this year, including exports worth AED310 million, re-exports of AD51 million and around AED224 million in imports
  • the UAE tea trade last year stood at around AED1.859 billion, including exports worth AED968 million, re-exports of AED128 million, and AED763 million of imports
Business

Rich Lebanese look for home away from hardships

Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese...
  • Citizenship by investment schemes have become a booming business internationally, attracting the well-to-do from volatile countries like Iraq, Yemen and Syria
  • "Three years ago, I would not have imagined I would buy a passport," said Jad, who had previously grappled with lengthy visa procedures for business trips
Business

NFTs, like cryptocurrencies, lose their sheen

A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies...
  • NFTs are tokens linked to digital images, "collectable" items, avatars in games or property and objects in the burgeoning virtual world of the metaverse
  • The number of NFTs traded in the first quarter of this year slumped by almost 50 percent compared to the previous quarter, according to analysis firm Non-Fungible

Doctors play key role in enhancing healthcare system

“Emirati doctors play a key role in enhancing the healthcare system and promoting health and wellness throughout society. We look...
Business

Company News

Latest News

Global energy demand to rise 25% by 2045: OPEC chief

Abu Dhabi, UAE - Global demand for all forms of energy is forecast to rise by 25% through 2045, according...
Business

Adnoc Gas awards contract

Nearly US$615m will be paid to build carbon-capture units.
Business

Masdar enters Tajikistan market with plans to explore 500MW clean energy projects

Abu Dhabi, UAE - UAE’s clean energy powerhouse Masdar expands Central Asian presence with agreement to explore ground-mounted solar, onshore...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

UAE to generate 19.8 gigawatts of clean energy by 2030: Al Mazrouei

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister...
  • The minister informed the audience at ADIPEC 2023 that the UAE intends to work towards producing 1.4 million metric tonnes of low-carbon hydrogen per annum by 2031
  • He told a global audience of energy leaders at the opening of the event in Abu Dhabi that an International collaboration is crucial to addressing energy challenges
Business

Sonatrach sacks CEO

Algeria's president has named Rachid Hachichi as new CEO.
  • The Algerian government owns the company entirely, relying on the company's profits for about 60 percent of its budget and 95 percent of export revenues
  • The company has been marred by a series of corruption allegations and financial scandals, some of which have prompted investigations in Algeria and abroad
Business

Abu Dhabi Oil Company to hike investment in UAE oil sector

Abu Dhabi, UAE--Abu Dhabi Oil Company (ADOC) is planning more investments and expansions in the UAE, according to a senior...
  • Talking to the media at ADIPEC 2023, Shingai said the company was planning to expand production facilities and increasing extraction rates
  • He noted that ADOC played a key role in advancing ties between the UAE and Japan through its investment projects in the UAE oil sector