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.

UAE economy posts best growth rates in comparison to others: IMF official

Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...

Economy

UAE leads global charge in generative AI adoption

With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far...

Business
Business

Saudi Arabia, Oman ink 13 business deals

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.
  • OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
  • In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
Business

Israel brings new law on cyber exports after Pegasus scandal

An updated Israeli end user certificate issued Monday, to be signed by buyers, listed terrorism as including offences committed with...
  • An agency for military exports liked to Israel’s defense ministry put out the law
  • It specified that a foreign state seeking a cyber or intelligence system must only use it to combat terrorism and ‘serious crimes’
Business

DEWA launches EV Green User Dashboard

The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.
  • The dashboard enables customers to track their charging and consumption data through DEWA’s website/smart app
  • DEWA provides its EV Green Charger service to all electric vehicle users in Dubai, including local and international visitors
Business

Natixis of France to fund ACWA Power projects with $2bn

Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two...
  • The MoU will allow both parties to “explore opportunities to develop new projects in the region,”
  • Natixis has previously underwritten some of the Saudi-listed firm’s high-profile renewable projects, including the Sakaka solar project
Infographics

Time to decrypt internet speed in Arab world

This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...
  • The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
  • This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.
Business

Tadawul shares set to trade, after huge investor interest

After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday,...
  • The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion)
  • The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105
Arts & Culture

Curtain goes up on first Saudi film festival

Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival...
  • Movie houses were barred for decades until April 2018, but over the next 10 days, actors and directors will tread the red carpet at Jeddah's Red Sea International Film Festival
  • It will showcase 138 long and short films from 67 countries in more than 30 languages
Business

Jordan olive festival clocks sales of $4.23m

The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.
  • The festival was conducted in cooperation with the Ministry of Agriculture and several local and international partners
  • In all, 263,458 people visited the event this time
Analysis

Saudi Arabia, UAE ripe for hydrogen investments

Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.
  • Green hydrogen has a lot of potential particularly in heavy transport and heavy industries
  • Green hydrogen has the ability to rapidly replace fossil fuels while simultaneously enhancing electrification
Business

ENOC plans Dubai compact stations

The first compact station opened at Dragon Mart 2 this month.
  • After Dragon Mart and International City, the ENOC Group plans to open five more compact stations in Dubai
  • The remaining seven expected to be launched across additional locations by 2023

UAE economy posts best growth rates in comparison to others: IMF official

Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...
Economy

Company News

Latest News

International Military Forum Army-2023 opens in Moscow

MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent...
Geostrategy

‘Barbie’ retains top spot at N.American box office for fourth week

Los Angeles, United States - Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates...
Arts & Culture

ADNOC, Tabreed say breakthrough in project to harness geothermal energy

ABU DHABI, UAE – ADNOC and the National Central Cooling Company (Tabreed) on Monday announced a breakthrough following the conclusion...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Oil prices slide 1% on strong dollar, China economy worries

Dubai, UAE--Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar...
  • U.S. West Texas Intermediate crude was at $82.12 a barrel, down 1.3%, while Brent crude futures fell $1.07, or 1.2%, to $85.74 a barrel
  • Prices retreated as the U.S. dollar index extended gains after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields
Business

TAQA H1 net income $3.67bn

The group revenues were AED 26.8 billion, 5% higher than H1,2022.
  • The higher revenues were attributed primarily to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment.
  • The company announced second interim cash dividend for the year of 0.65 fils per share (approximately AED731 million).
Business

GIS profit climbs in H1

Its net profit jumped to US$77.19m as against US$37.63m.
  • Its earnings per share(EPS) amounted to QR 0.151 as of 30th June , 2023 as against EPS QR 0.074 for the same period in 2022
  • In February this year, GIS reported a net profit of $79.67 million for the year ended December 31, 2022, with an earnings per share of QR0.156