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.

Chevron $53bn Hess deal in danger

Rivals' challenge to the control of a key oil asset can derail the acquisition.

Business

Multiply Group acquires Backlite Media

The buyout is part of its plan to boost media business.

Business
Business

NYU Abu Dhabi to host first Quantum Computing Hackathon

NYU Abu Dhabi (NYUAD) will host the region’s first-ever Quantum Computing International Hackathon with a focus on innovation, entrepreneurship, and...
  • This year, more than 200 participants from more than 30 countries will convene at NYUAD and learn about quantum computing and quantum-based technologies
  • Experts from businesses including Microsoft, AstraZeneca, IBM, AWS and qBraid will also be represented and available as a source of mentorships to the participants
Arts & Culture

Irthi Contemporary Crafts Council focuses on palm fiber at Art Dubai

The 15th edition of Art Dubai which displayed findings of its advanced palm fiber research and palm textile prototype, paving...
  • Irthi Contemporary Crafts Council, an affiliate of the UAE-based NAMA Women Advancement, explored UAE’s relationship with date palm.
  • It discussed how such local, environment-friendly materials could pave the way for the creation of a circular economy centered on palm waste.
Business

Saudi Ports Authority posts 17.5 percent increase in cargo volume

Saudi Ports Authority has posted a 17.5 percent increase in its general cargo's volume of tons in 2022, compared to...
  • The volume of tons has exceeded 24.4 million tons, while the number of transshipment containers has increased by 3.4 percent during that period
  • However, the global supply chain disturbance has led to a decrease in Saudi ports’ volume of foodstuffs by 2.05 percent — and a fall in the number of livestock by almost 63 percent
Business

Sanad and Thales sign MoU

The two companies will collaborate on aviation services.
  • Knowledge exchange will be a key focus under the terms of the agreement, and Thales will serve as a partner in diversifying Sanad’s business portfolio towards industrial services.
  • Sanad and Thales will work collaboratively on regional and international projects, wherein Sanad would lead on providing cutting-edge industrial systems.
Business

Jadwa of Saudi Arabia launches a $800m real estate fund

Jadwa Investment of Saudi Arabia has launched a new Shariah-compliant real estate fund to the tune of $800 million. The...
  • The Riyadh-based company, which provides asset management and financial advisory, partnered with Tatweer Group, NUMU Holding Co. and Riyad Bank to launch this closed-ended fund
  • The fund provides investors with a stable stream of income by investing in differentiated, income-generating properties in the Kingdom
Business

Sadara Chemical Co. posts SR3.1bn profit

Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., has posted a net...
  • On the back of higher selling prices, the giant JV, specialized in producing a wide range of specialty chemicals, erased losses of SR3.2 billion sustained a year earlier
  • The 200-percent increase in profit was coupled with a rise in revenue of over 67 percent to as high as SR17.6 billion during the year
Business

Startups in UAE capitalize on corporate reforms

New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and...
  • Corporate reforms will make more people try entrepreneurship in the UAE, say businesspersons
  • The UAE recognizes that high levels of technical skills proficiency are essential to thrive in the digital economy
Business

Al-Dawaa starts trading on TASI

The pharmacy chain operator collected $500 million from shares buyers.
  • The operator of one of Saudi largest pharmacy chains, Al-Dawaa offered 25.5 million shares in an initial public offering, representing 30 percent of capital.
  • Al-Dawaa operates a network of pharmacies with over 800 outlets across 130 cities in Saudi Arabia. It posted a revenue of about 5 bn riyals ($1.3 bn) and profit of 246m
Business

India Paytm shares crash on news of regulatory ban, CEO arrest

Paytm shares nosedived 13 percent Monday after Indian regulators banned the beleaguered payments platform from enrolling new customers and reports...
  • The firm enjoyed India's biggest-ever initial public offering four months ago, with the backing of Chinese tycoon Jack Ma's Ant Group and Warren Buffett's Berkshire Hathaway
  • India's central bank demanded Paytm immediately stop enrolling new customers on Friday and ordered an audit of its IT systems
Business

Instagram no longer accessible in Russia

The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to...
  • The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to control information available to Russians
  • Instagram appeared Monday on a list of "restricted" online resources on a list published by Russia's media regulator Roskomnadzor

Chevron $53bn Hess deal in danger

Rivals' challenge to the control of a key oil asset can derail the acquisition.
Business

Company News

Latest News

Qantas loses court fight over Covid lockdown layoffs

The airline is already under fire over soaring ticket prices, allegations it sold tickets for cancelled flights, and claims that...
Economy

WTO says era of de-globalization is closer than it appears

Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are...
Business

US govt face Google in landmark antitrust lawsuit

Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Normalization of Israeli-Saudi ties hit Palestine, security barriers

Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
  • The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
  • For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.
Business

UAE banks to perform strongly in 2023: Standard & Poor’s report

Abu Dhabi, UAE -- Standard & Poor's Global Ratings expects that the banks of the United Arab Emirates (UAE) will...
  • The credit rating agency said that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on credit growth.
  • The report expects bank credit growth at UAE banks to rise to about 7 percent in 2023, from 5 percent in 2022, WAM reported.
Business

Cruise Saudi partners with leading firms to outfit premium AROYA

Jeddah, Saudi Arabia -- Cruise Saudi, a wholly owned subsidiary of the Public Investment Fund that specializes in developing the...
  • MJM Marine, a leading specialist in cruise ship refurbishment, will upgrade existing cabins and suites of the AROYA Cruise.
  • DE Wave Group, a global contractor for cruise ship and yacht interior outfitting, will outfit the upper deck areas of the AROYA Cruise.