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.

European Union slaps $1.9bn fine on Apple over violation of rules

Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...

Business

Middle East emerges as a major player in global CEO appointments: report

Dubai, UAE - The Middle East has emerged as a prominent player in global CEO appointments, securing 68 out of a...

Business
Business

Tamimi Markets of KSA to develop smart farms with foreign firms

Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the...
  • The three partners aim to develop the next generation of vertical smart farms in the Al-Kharj area of Saudi Arabia
  • Starting with Riyadh, the new joint venture will bring fresh produce to the market using far less water than traditional farming techniques
Business

QEWC profit up 4.5% in Q1

Profits in the first quarter of 2022 reached $106.78 million.
  • QEWC is one of the largest energy production and desalination companies in MENA
  • It is the main provider of electricity and desalinated water in Qatar
Business

NBQ reports Q1 profit of $26.3m

Its net profit increased 26.26% from the same period last year.
  • The cost to income of NBQ stood at 27.11 percent during three months
  • It reflected the bank's operational efficiencies and disciplined cost management
Interview

Greece’s Ionian Islands eye UAE to woo tourists

Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually...
  • The Ionian Islands and the United Arab Emirates are developing cultural and tourism ties
  • The two have established direct flights from Abu Dhabi and Dubai on Etihad and Fly Dubai
Business

Gulf Biotech Company becomes second drug producing firm in Bahrain

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.
  • National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
  • The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.
Business

Ajman Chamber membership grows by 35 percent in 2021

The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad...
  • The number of new members reached 7,704 during 2021, compared to 5,723 members during 2020.
  • New commercial licenses for the previous year was 4,238 membership, 2534 professional membership and 131 industrial memberships.
Business

Egypt turns to India to import much needed wheat

Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north...
  • El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat
  • Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months
Business

Ekar kicks off car rentals in KSA

A person can rent out his vehicle on the ekar platform.
  • Ekar’s entire process of renting vehicles is contactless, as the rented cars will be activated through an app, which unlocks the vehicle, while the keys are inside the car
  • This feature aims to reduce the chances of theft and unauthorized access
Business

Dubai Logistics City Customs Centre clears goods worth $435m in Q1

Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter...
  • The Centre facilitates processes and operations of companies and traders.
  • In particular, the Centre handles the shipments of the International Humanitarian City, the largest humanitarian logistics centre in the world.
Videos

Grocery apps reap Ramadan benefits

Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while...
  • More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
  • This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce

European Union slaps $1.9bn fine on Apple over violation of rules

Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
Business

Company News

Latest News

NEOM inks deal with Marriott International

Under the deal, two luxury hotels will be built in Trojena.
Business

Arab countries account for 60 percent of global Islamic financial industry, says AMF

ABU DHABI, UAE –  Director-General and Chairman of the Board of Directors of the Arab Monetary Fund Dr Abdul Rahman...
Business

Qatar launches ‘Istamer’ platform to employ retirees in private sector

DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Al Akaria signs $610m infra contracts

The Public Investment Fund is a related party to the contracts.
  • The contracts pertain to development of the main infrastructure networks and bridges for the Qiddiya project.
  • The contracts also include the design, construction, testing and commissioning of a sewage treatment plant.
Business

Investcorp portfolio firm listed

The firm, PT Multitrend Indo, was listed on the Indonesian stock exchange.
  • This is Investcorp's first IPO on the Indonesian stock exchange and the 26th IPO in the Firm's 40-year history.
  • Investcorp currently has five offices spread across Asia with over US$1.2 billion invested in 40 portfolio companies.
Business

Evergrande shares sink after restructuring plan scrapped

Evergrande's enormous debt has contributed to the country's deepening property market crisis, raising fears of a global spillover. The property...
  • The company collapsed more than 25 percent by the break, underscoring market concerns as China's property sector faces an unprecedented crisis
  • On Sunday evening, Evergrande announced that it was unable to issue new debt as its subsidiary, Hengda Real Estate Group, "is being investigated"