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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

Israeli carrier cancels South Africa flights citing less traffic

Jerusalem, Undefined - Israeli flag carrier El Al said Friday it will scrap direct flights to South Africa following "a significant...
  • "From the end of March 2024, El Al will suspend its operations on the Johannesburg-Tel Aviv route," an El Al statement said.
  • The case brought by South Africa in the top United Nations court has significantly strained relations with Israel

Saudi professor Manahel Thabet appointed Commonwealth’s envoy for science and technology

Riyadh, Saudi Arabia - Patricia Scotland, the Secretary-General of the Commonwealth of Nations, has named Saudi Professor Manahel Thabet as...
  • In her role as special envoy, Professor Thabet will play a crucial part in connecting member states to achieve sustainable development goals
  • She will be instrumental in enhancing economic cooperation, developing policies, creating legal frameworks to promote innovation

Iran plays on color at fashion exhibition

The strict dress code for women has been the subject of heated debate since nationwide protests following the death in...
  • Since shortly after the 1979 revolution, women in Iran have had to observe a strict dress code and wear loose-fitting garments while also covering the head and neck
  • Many women opt for head-to-toe black chadors. But in recent years, Iranian designers have also sought to include brighter colours in their creations

Qatar’s strategic initiatives boost sustainable infra

"The financial sector is well-positioned to leverage the opportunities and address the risks presented by the technological evolution. We are...
  • Maha Sultan Al Sowaidi, Qatar Central Bank Assistant Governor, emphasizes technology's role in shaping prosperity and economic resilience.
  • Second edition of the Qatar Financial Market Forum focuses on "Trends Shaping Emerging Markets and Sustainable Infrastructure and Mobility.

Over 9,000 take part in pro-Palestinian march in Belgium, says police

BRUSSELS, BELGIUM - Around 9,000 demonstrators marched through Brussels on Sunday calling for an end of Israel's fierce bombardment and fighting...
  • The march came a day before EU foreign ministers will meet their Israeli, Palestinian, Egyptian, Saudi and Jordanian counterparts.
  • Some also cried out "EU, shame on you" for perceived inaction by Brussels to protect Palestinian civilians.

QIIB lists sukuk on London Stock Exchange

The sustainable sukuk is worth US$500 million.
  • The sukuk drew investors from the GCC, the Middle East, Europe, Asia and America
  • According to a bank's statement, the issue was oversubscribed more than eight times

Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships

In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on...
  • While the Iran-backed rebels maintained they had struck the commercial vessel in the Gulf of Aden, the US military said the group's missiles had missed their mark
  • Continued Houthi aggression against vessels in and around the Red Sea has led to strikes in Yemen by US and British forces

English player Henderson all set to leave Al-Ettifaq

Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by...
  • The 33-year-old England midfielder has been with the Saudi club for just six months since leaving Liverpool
  • Of all the high-profile players to move to the Saudi Premier League, Henderson arguably attracted the most criticism

Disinformation, misinformation hurt global businesses

"These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...
  • Rebuilding trust and fostering global collaboration are essential to address the present challenges.
  • The role of AI and digital innovation in combating misinformation and boosting productivity.

Saudi Scouts Association to participate in Republic Day Camp in India

Riyadh, Saudi Arabia - The Saudi Arabian Boy Scouts Association will participate in the Republic Day Camp (RDC) in India...
  • The camp, with the participation of 25 countries, includes a series of activities aimed at promoting awareness of cultural traditions and exchange between the participating nations
  • It seeks to enhance values, integration, unity, and diversity while instilling a sense of patriotism, discipline, and leadership qualities

Israel returns 15 bodies to Gaza after hostage remains identified

It came after Israel announced that a body handed over by Hamas on Tuesday was that of Dror Or, one...

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Saudi Arabia’s non-oil exports surge by nearly 23% in Sept 2024

Riyadh, Saudi Arabia -- Saudi Arabia's non-oil exports surged by 22.8 percent in September, according to a report by the...

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...

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,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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ICC issues arrest warrants for Netanyahu, Gallant, Deif

The court said it had found "reasonable grounds" to believe Netanyahu and Gallant bore "criminal responsibility" for war crimes
  • The ICC's move now theoretically limits the movement of Netanyahu
  • A warrant had also been issued for Deif

Adani Group tanks after US bribery charges

India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in...
  • Adani, once the world's second-richest man, is a close ally of Prime Minister Narendra Modi and critics have long accused him of benefitting improperly from their relationship.
  • The conglomerate saw $150 billion wiped from its market value in 2023 after a shock report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.
  • In its first financial update since its record IPO on ADX, the company posted a revenue growth in Q3 2024, reaching $1.86 billion, up 6.1% YoY.
  • The UAE saw strong revenue growth of 7.5% in Q3 2024, mainly driven by healthy LFL growth of 4.7% during the quarter.