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2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Four European nations urge Israel to end West Bank ‘settler violence’

"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...

Dubai Customs new record: 17.15m international visitors in 2023

Dubai, UAE -- In 2023, Dubai Customs managed 46.87 million bags from 206,396 flights, averaging 128,400 bags daily and played...
  • In 2023, Dubai Customs managed 46.87 million bags from 206,396 flights, averaging 128,400 bags daily.
  • The Passenger Operations Department has over 845 inspection officers supported by 77 baggage inspection devices.

Qatar eyes second successive Asian Cup in final against Jordan

Doha, Qatar - An Asian Cup full of late goals and surprises reaches a climax on Saturday when hosts and holders...
  • With much of the crowd behind them and as reigning champions, Qatar will be expected to beat a Jordan side ranked 29 places below them by FIFA
  • In striker Akram Afif, Qatar have one of the players of the tournament and he scored a glorious goal against Iran to take his tally to five in six games

Investors eye UAE’s booming sustainable finance sector

"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...
  • The UAE is experiencing remarkable growth in sustainable finance, according to Barclays Private Bank UAE CEO Rasha Badawi.
  • Sustainable investment opportunities expanding in the UAE across various sectors including renewable energy and agriculture, she adds.

Gulf realty navigates opportunities and challenges

The GCC real estate sector enters 2024 amidst a complex interplay of global economic challenges and regional opportunities, says a...
  • The GCC real estate sector enters 2024 amidst a complex interplay of global economic challenges and regional opportunities, says a latest report.
  • With Dubai defying global trends and Saudi Arabia's Vision 2030 spurring growth, the landscape is ripe with potential. Qatar, however, faces correction.

Tourism takes Saudi Arabia to a new global height

Strategic initiatives and a focus on domestic tourism help Saudi Arabia's tourism sector experience unprecedented growth, positioning it as a...
  • Strategic initiatives and a focus on domestic tourism help Saudi Arabia's tourism sector experience unprecedented growth, positioning it as a future global travel leader.
  • Leading the G20 in tourism sector growth, the Kingdom showcases its global tourism impact, with high-quality hospitality projects and local workforce investment.

Hamas head due in Cairo for truce discussions

As Qatari and Egyptian-led mediation efforts intensified, Hamas leader Ismail Haniyeh was due in Cairo on Thursday to discuss a...
  • Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris
  • A Hamas source told AFP the three-stage plan would start with an initial six-week halt to the fighting that would see more aid deliveries into the Gaza Strip

Dubai is a key player in global business landscape

"The emirate is continuing to consolidate its position as an ideal platform that brings together creative ideas and innovative entrepreneurs...
  • Dubai Chambers and Enterprise Ireland sign a strategic MoU to link Dubai and Irish firms, emphasizing collaboration in technology, manufacturing, and clean energy.
  • The MoU will boost mutual trade and investment, fostering digital economy growth, and offer small businesses opportunities and cross-cultural training through alliance.

Egypt exploring dirham, rupee bond issue: Finance Minister

Hong Kong -- The Egyptian government is mulling over the possibility of issuing bonds for the first time denominated in...
  • The move is part of the ministry's pursuit of a diversified financing strategy, encompassing multiple markets, investors and financing tools.
  • He underscored the recent issuance of green bonds worth $750 million and sovereign sukuk worth $1.5 billion.

Skipper Battat leads Palestine on and off pitch at Asian Cup

Doha, Qatar - Musab Al-Battat has led Palestine on the pitch with his all-action performances and off it as the voice...
  • The 30-year-old captain will be the man his team look to once again for inspiration when Palestine face hosts and reigning champions Qatar in a daunting last-16 tie.
  • The side ranked 99 in the world have progressed into the next round despite a deeply troubled build-up overshadowed by the Israel-Hamas war

Washington approves sale of F-16 warplanes to Turkey

US Secretary of State Antony Blinken led an intense diplomatic effort to broker the deal, telling the Turkish president three...
  • As required by US law, the State Department notified Congress of the agreement, as well as a separate $8.6 billion sale of 40 F-35s to Greece
  • Turkey will get 40 new F-16s and upgrades to 79 of the jets in its existing fleet, the State Department said in a news release

Four European nations urge Israel to end West Bank ‘settler violence’

"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...

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Saudi Arabia sets Guinness record for largest food cluster

Riyadh, Saudi Arabia -- Saudi Arabia has set a Guinness World Record for the largest food cluster in the world...

As AI gets real, slow and steady wins the race

Companies explore AI for coding, healthcare, law, and design—yet challenges like regulation, accuracy, and cost impede widespread adoption.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran denies involvement as UAE arrests three people in rabbi killing case

"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an...
  • Kogan was a former Israeli army soldier, who served in Israel's Givati Brigade, which is infamous for carrying out violent attacks against Palestinians
  • The UAE, which normalized relations with Israel in 2020 alongside other countries including Bahrain and Morocco, has confirmed the arrest of perpetrators

Wealthy nations offer $250bn on climate but pressed for more

At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming,...
  • The text also sets an ambitious overall target to raise at least $1.3 trillion per year by 2035 from not only developed countries but the private sector.
  • But a red line for many climate-imperiled nations at COP29 had been securing a new commitment from developed nations well above their existing pledge of $100 billion a year.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.
  • BP said in a statement the "major investment" highlights its "strong confidence in Indonesia's investment climate".
  • The project involves the development of a new gas field, Ubadari, as well as enhanced gas recovery through carbon capture, ut and storage (CCUS) and onshore compression.