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.

Toyota’s Daihatsu resumes domestic production

It will make the Probox van and Mazda-branded Familia van.

Business

Red Sea Global, Riyad Bank sign agreement on $522m financing

TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...

Business
Interview

High packages may help GCC in talent hunt

Global employment, which was severely affected by the pandemic, is beginning to rebound as economies reopen. The UAE, which was...
  • There is a growing competition for the local talent also, necessitating re-evaluation of salary packages.
  • Working from home is here to stay, and many candidates are increasingly asking about this flexibility.
Business

Dubai Free Port: A super vault for VIP travellers, HNWIs

The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and...
  • Mohammed Bin Rashid Aerospace Hub commissioned Athena Security to develop the project on 17,000 square-metre plots adjacent to the VIP Terminal in Dubai South
  • Athena partnered with Leading Swiss Premium Vault to lend its expertise in quality, security and compliance to the project.
Business

OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia

The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.
  • The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers
  • OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM
Business

Emirates Islamic lists US$500m sukuk

The five years’ benchmark issuance, rated A+ by Fitch Ratings, was priced at 2.082%.
  • The issuance will further support Emirates Islamic’s business expansion plans
  • The listing strengthens Dubai capital market's status amongst the leading Sukuk listing venues globally
Business

Dubai launches five-year multi-entry visa for MNCs

The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...
  • The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.
  • Between January and September 2021, Dubai received around 3.85 million international visitors.
Business

Monshaat attends franchise forum to promote Saudi brands globally

Saudi Arabia's General Authority for Small and Medium Enterprises (Monshaat), represented by the Commercial Franchise Center (Emtiyaz), is participating at...
  • The two-day International Franchise Forum in Dubai will provide 10 Saudi brands opportunity for expansion.
  • Emtiyaz, which represents Monshaat, is tasked with supporting and empowering local brands.
Business

Sanad secures $100m loan from FAB

The revolving credit facility deal was signed during Dubai Airshow.
  • Sanad said its relationship with FAB is now 10 years old and the two companies have seen over $950 million worth of agreements.
  • The various financings have been extended in support of Sanad’s global spare engine leasing and component access portfolios.
Business

CBK plans $794 million bonds

The issue's maturity period is six months, with a return rate of 1.250 percent.
  • The issue's maturity period is six months, with a return rate of 1.250 percent
  • The CBK had issued bonds and tawarruq worth 160 million Kuwaiti Dinars at the beginning of this month, with a return rate of 1.125 percent for a six-month maturity
Business

Iraq to scale up oil exports to 3.4 million barrels a day in Q1 2022

Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of...
  • The minister was speaking at the the Defense University for Higher Military Studies, stressing the role of the oil and gas industry in supporting the national economy
  • "Oil sector companies are working on a planned strategy to develop oil fields, optimize gas investment and use modern technology in manufacturing and refining"
Business

Emirates to retrofit 105 aircraft with Premium Economy product from 2022

Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with...
  • The aircraft will be retrofitted at Emirates Engineering Centre in Dubai.
  • The airline is also considering installing a new Business Class product on its Boeing 777 aircraft, with customized seats in a 1-2-1 layout.

Toyota’s Daihatsu resumes domestic production

It will make the Probox van and Mazda-branded Familia van.
Business

Company News

Latest News

Sony hikes sales and profit forecasts on strong music business

The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen...
Business

CBUAE revokes licenses of currency exchange house, commercial broker company

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange...
Economy

ADNOC Gas awards $3.6bn contract to expand its gas processing infrastructure

Abu Dhabi, UAE: ADNOC Gas, the integrated gas processing company, announced on Wednesday the award of a $3.6 billion (AED13.1...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Sharjah Chamber and FDI Office discuss ways to promote real estate sector

Sharjah, UAE--The Real Estates Sector Business Group has discussed with the Sharjah FDI Office (Invest in Sharjah) ways to promote...
  • The discussion centered on how the sector can benefit from the Sharjah FDI Office's expertise to promote real estate ventures in the emirate
  • Sharjah Chamber noted the remarkable growth in the sector, emphasizing how real estate is acting as a backbone to the emirate's economic prosperity

Sharjah Business Women Council connects 500+ women to UAE’s business ecosystem in H1 2023

Sharjah, UAE - It's been a busy start to the year for members of the Sharjah Business Women Council (SBWC),...
  • Sharjah Business Women Council has a member community of 2,000+ business women and aspiring entrepreneurs
  • The council has brought members closer to new prospects in fashion, F&B, perfumes, and other sectors
Business

Zain Group profit jumps 14%

Its net profit for Q2of 2023 rose to US$187m.
  • The company during the period also received a first-ever cash dividend of $42 million from Zain KSA
  • For H1 the group generated consolidated revenue of $3.03 billion, an increase of 12% YoY