INSEAD Day 4 - 728x90

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.
  • “By placing an emphasis on inclusive policies, embracing digitalization and fostering stronger international collaboration, we can establish a trade landscape...

    Shamika N. Sirimanne emphasizes the need for inclusive policies and digital transformation to boost global trade

    UN's fifth global survey shows 68.6% of trade facilitation measures from WTO's agreement have been implemented

  • RIYADH, SAUDI ARABIA - The Kingdom's Ministry of Economy and Planning signed a deal with Alfaisal University to promote economic...

    Under the MoU, the two parties will cooperate to promote economic development, activate academic research.

    The Ministry of Economy and Planning will provide consultations on the use of university resources such as student research.

  • SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured...

    This move aligns with the fund's strategies aimed at enhancing the well-being of employees and providing them with opportunities to boost their pensions.

    The fund said it is allowed to procure the service period for insured employees after they have completed a minimum of 20 years of actual service.

  • Hong Kong - The Saudi Arabia-China Entrepreneurs Association (SCEA) has signed a Memorandum of Understanding (MoU) with the Hong Kong...

    The MoU between SCEA and HKTDC aims to fortify commercial ties, particularly aiding startups and service providers eyeing global expansion.

    The agreement was signed during the eighth Belt and Road Summit, a two-day event themed "Ten Years of Cooperation for Mutual Benefit".

  • Washington, US--The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector,...

    The IMF intends to exhort Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate

    In July the IMF forecast China's 2023 growth rate to hover at 5.2% and 4.5% in 2024 but warned it could be lower

  • Several aid organizations have warned of the outbreak of disease in the port city of Derna, after Sunday's flood submerged...

    Islamic Relief has warned of a second humanitarian crisis from water-borne diseases and shortages of food

    The UN has made an appeal for more than $71 million to assist hundreds of thousands in need

  • TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating...

    Libya has been wracked by conflict and division ever since a NATO-backed uprising toppled and killed longtime dictator Moamer Kadhafi in 2011.

    Tripoli-based prime minister blamed the tragedy on the absence of adequate development plans and the "effect of the years" on the dams.

  • The International Monetary Fund renewed its criticism of Lebanon for failing to enact reforms demanded by creditors in return for...

    In April 2022, Lebanon and the IMF reached conditional agreement on a $3-billion-dollar loan package to bail out the economy.

    But politicians have yet to enact the painful reforms demanded to begin the 46-month financing program.

  • DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during...

    A total of 549 plots were sold for US$1.1 billion, while 1,780 apartments and villas were purchased for $1.07 billion.

    A plot in Marsa Dubai sold for US$169 million while a plot sold for US$49 million in Business Bay.

  • HANOI, VIETNAM  - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and...

    The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam.

    The visiting delegation was briefed on the production lines at Zamil Steel Building Vietnam Co and witnessed the skill of the workers.