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.

Qatar real-estate trading volume in January stands at US$521m

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...

Business

OpenAI valued at $80bn in new deal

With this deal, the value of the firm has tripled in 10 months.

Business
Business

Abu Dhabi Department of Culture and Tourism sets $272 business license fee

In a bid to promote the growth of the tourism industry in Abu Dhabi, the emirate's Department of Culture and...
  • License holders who currently pay varying fee amounts, depending on the level of business activity.
  • Overall, the changes represent an almost 90 percent reduction in total license fee costs.
Business

Dubai enacts new law on seizure of property for public use

Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law...
  • The provisions of the Law will apply to the expropriation of property across Dubai
  • The Law also covers special development zones and free zones including the Dubai International Financial Centre
Business

2021 best-ever year for DMCC, 2485 companies attracted to Dubai

 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in...
  • The authority also saw its best June, August, September and November, reaching a total of over 20,000 member companies.
  • The significant attraction was seen in key target markets, including China, US, UK and Russia
Business

Khalifa Fund allys with eBay to help SMEs export goods

The Khalifa Fund for Enterprise Development has teamed up with eBay as the latest partner of the e-Empower initiative, under...
  • The partnership aims to further enhance Abu Dhabi’s e-commerce ecosystem, while also being in alignment with the mandate to diversify the Emirate’s economy
  • The collaborative partnership will see Abu Dhabi based SMEs and medium-large enterprises gain a variety of benefits to create growth
Business

Nokia expects strong 2022

The company said as a supply chain crunch and inflation are set to ease.
  • The announcement follows a string of quarterly earnings surprises for the network equipment maker, which last October managed to boost its third quarter profits.
  • Nokia now expects an operating margin ranging between 11 percent and 13.5 percent in 2022.
Analysis

Saudi Arabia could be a regional mining center

The expert opinion comes as Riyadh hosts the International Mining Conference, the largest of its kind in the Middle East...
  • Saudi Arabia serves as a platform for global dialogue on mining prospects
  • A dozen Saudi government entities will present investment prospects via an integrated platform

Jordan removes customs fees on more than half of imports

Cars, alcohol, and tobacco would not be exempted from customs fees, Jordanian Finance Minister Mohammad al-Ississ has said.
  • The Jordanian government's order to reduce and standardize customs fees has been published in the official gazette
  • It will come into force next week, ensuring that 53 percent of all goods are exempt from customs fees
Business

Airbus delivers 611 passenger jets in 2021

A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last...
  • A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last year's deliveries
  • Wide-body, two-aisle plane deliveries continued to lag, which reflected the much slower recovery in international flights
Business

Take-Two to Zynga for $12.7bn

The GTA-maker plans more smartphone versions of its games.
  • Take-Two is a leader in console and personal computing games like Grand Theft Auto, Red Dead Redemption, and NBA2K
  • Zynga is known for its mobile-device games, like Farmville, which became a phenomenon in the 2010s on Facebook
Business

Over 6m cellphone subscriptions in Oman till Nov 2021

During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966.
  • During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966
  • The period saw the capacity of the internet decrease by 2.6 percent to 1,501,777 megabytes

Qatar real-estate trading volume in January stands at US$521m

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...
Business

Company News

Latest News

Ajman H1 real estate transactions increase by 15 percent to $1.95bn

Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first...
Business

Iran exports non-oil products worth $2.9bn to Iraq in four months

Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the...
Business

RAKEZ witnesses 35 percent growth in holding company registrations

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Among the airlines, SAUDIA Airlines had the fewest complaints in July

Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...
  • The GACA has released its monthly classification index for air transport service providers, based on the number of complaints filed by travelers to GACA during July 2023
  • Flynas followed with 29 complaints per 100,000 travelers and a resolution rate of 98 percent, while Flyadeal had 167 complaints per 100,000 travelers
Economy

Passenger traffic at Dubai airport jumps 50% to 41.6m in H1

Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of...
  • The airport operator said it expected demand to soar during the winter season, setting a new record
  • Dubai airport in 2020 received only 25.9 million passengers, down from the 86 million the previous year.
Business

Qatar partners with African Civil Aviation Commission to boost cooperation

Nairobi, Kenya--African Civil Aviation Commission (AFCAC) and Qatar have signed a partnership agreement to strengthen cooperation in the aviation field....
  • Mohamed Faleh Al Hajri, in charge of Civil Aviation Authority, represented Qatar at the 8th Africa and Indian Ocean (AFI) Aviation Week, holding bilateral meetings
  • He highlighted Qatar Airways' role in connecting Africa with the world, saying that the national carrier operates more than 185 flights per week, linking Africa with Qatar