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.

Digital innovation spurs gender parity in Middle East

Technology, from digital platforms to AI, offers a transformative avenue for empowering women, says Isabel Neiva of Kearney Middle East...

Business

EDB’s contribution to UAE’s industrial GDP in 2023 rises to US$1.1bn

ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and...

Business
Business

Agthia Group revenues up 49%

The group’s net profit stood at AED216 million in 2021.
  • Net profit stood at AED216 million ($58.82 million) compared to AED34 million ($9.26 million) in the previous year
  • Of this, AED83 million ($22.6 million) of one-off costs were incurred as a result of a strategic review of the company's balance sheet
Business

DNI inks AECB deal

It will help DNI assess people and companies’ financial position.
  • The MoU reportedly underlines DNI’s commitment to transparency within the financial sector
  • With it, the insurer apparently aims to serve customers better and secure shareholders’ interests
Interview

More women make positive impact on GCC businesses

In the wake of International Women’s Day, TRENDS highlights how courageous Arab women are making a difference in the business...
  • The UAE ranked first in the MENA region when it came to women-friendly policies and programs
  • GCC countries strive to increase opportunities for women and encourage them to pursue careers in business and technology
Business

Arab News joins hands with Arab Women Forum

Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai...
  • Senior government officials, women business leaders, academicians, technocrats, and entrepreneurs are expected to participate in this year’s Forum
  • The Forum will discuss topics ranging from the image of Arab women to the issues with a quota system, workplace of the future, women entrepreneurs and Arab women in technology
Business

Dubai Airports launches ‘DAWN’ to empower women

Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the launch of the new...
  • The DAWN platform will provide a range of networking and knowledge sharing opportunities while contributing to Dubai Airports’ ability to maintain a balanced work environment
  • It was launched on International Women’s Day, which celebrates the social, economic, cultural, and political achievements of women
Business

King Abdulaziz Port records highest daily container throughput

The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume...
  • The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
  • The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.
Business

Flydubai net up 76% to $229m

The Emirati budget airline carried 5.6 million passengers last year.
  • Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31
  • In July 2020 Dubai became one of the world's first locations to reopen to foreign travel
Business

Saudi Monsha’at launches portal for entrepreneurs

Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools...
  • The Small and Medium Enterprises General Authority, also known as Monsha’at, and the King Abdulaziz City for Science and Technology unveiled the portal
  • The newly launched portal includes a set of specialized sections that guide business innovators through the stages necessary to bring a project to success
Business

Sharjah Entrepreneurship Foundation discusses SMEs funding requests

The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...
  • The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.
  • The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.
Business

Saudi Crown Prince inaugurates World Defense Show in Riyadh

Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...
  • Over 590 global companies representing 42 countries are participating in the event
  • A number of national government agencies in the defense, military and security sectors are also among those taking part

Digital innovation spurs gender parity in Middle East

Technology, from digital platforms to AI, offers a transformative avenue for empowering women, says Isabel Neiva of Kearney Middle East...
Business

Company News

Latest News

Alibaba announces surprise departure of ex-CEO

CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on...
Business

Single window offers fresh air to Qatar enterprises

This enhanced suite of services simplify registration for investors, enabling them to complete company setup steps without visiting multiple ministries...
Business

Keen on promoting digital payments in India, UAE, says RBI

NEW DELHI, INDIA – The Chief General Manager of the Reserve Bank of India's Department of Payment and Settlement Systems,...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

$17.32bn projects launched on first day of Cityscape Riyadh

Riyadh, Saudi Arabia -- The Cityscape Global Exhibition, which kicked off Sunday in Riyadh, witnessed the launch of real estate...
  • ROSHN Group will have four strategic partnerships of over SAR 9 billion in the fields of construction and infrastructure, Argaam reported.
  • National Housing Co. (NHC) also unveiled three luxury projects in Al Forsan and Khuzam suburbs, which provide 86,000 housing units with a value exceeding SAR 42 billion.
Business

Saudi Arabia’s first social network Jaco attracts 1m users in 2 months

RIYADH, SAUDI ARABIA:   The supervisor of the Kingdom's first social network Jaco - Saudi entrepreneur Fahd Al-Shidi announced that the...
  • The Saudi Arabian entrepreneur and supervisor of the project expressed confidence that Jaco will reach 5 million users by the end of the year.
  • At the official launch ceremony of the Jaco application in Riyadh, the supervisor expressed happiness at the success of the social network.
Business

Care secures $93.3m Murabaha facility

The long-term facility was obtained from Gulf International Bank.
  • Care said the facility comprises SAR 100m revolving loan to be renewed periodically, and a SAR 250m long-term loan for a period of 10 years with a grace period of one year.
  • The facility will be used to finance the company’s working capital requirements and support its strategy via expansion and acquisitions.