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.
  • Athens, Greece--Hundreds of firefighters in Greece struggled Thursday to gain the upper hand against major wildfires burning unchecked for a sixth...

    Threatening a national park, a huge blaze continued to burn on Mount Parnitha near Athens, in the largest forest adjoining the capital

    According to a government minister, Greece was going through the worst summer of fires since fire-risk maps were introduced in 2009

  • Cairo, Egypt--Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of 2023, according to...

    According to data, some two million Egyptians were without work, including 1.2 million men and 941,000 women

    The country's annual inflation rate jumped to 38.2% in July, up from 14.6% in the same month a year earlier

  • The conference will focus on practical aspects, unifying action, and establishing partnerships, as well as aligning efforts to transition from...

    COP28 will focus on practical solutions, unifying global action, and fostering partnerships, says IUCN chairwoman

    The conference aims for a "human-centric" approach, emphasizing nature, food, health, and climate resilience, she adds.

  • The airline's annual profit climbs up to US$1.1 billion.
  • Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of...

    Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of all data analysis by deep neural networks by 2025, says a report

    By 2024, data-centric AI will prioritize synthetic data, comprising 60% of AI data, while ChatGPT's popularity prompts 45% of executives to boost AI investments, adds Gartner

  • Tehran, Iran - The World Steel Association (WSA) has reported a significant 4.1% increase in Iran's steel production during the...

    In July 2023, Iran's crude steel production slightly decreased by 1.5% compared to the same month in the previous year

    China remains the top global steel producer, contributing 626.5 million tons, followed by India, Japan, the United States, and Russia

  • Cairo, Egypt--Shipping traffic was flowing normally on Egypt's Suez Canal on Wednesday, two shipping sources based in the country said,...

    According to ship tracking company MarineTraffic, the two tankers briefly collided in the canal citing eyewitnesses

    A media outlet quoting a Suez Canal official said that a ship that broke down in the canal was starting to be towed

  • Riyadh, Saudi Arabia  -  Saudi Arabia and Germany have decided to strengthen cooperation in the industrial and mining sectors.   A...

    Both parties explored opportunities to collaborate with the University of Munich for Applied Sciences

    The focus was on reviewing the university's educational curricula and academic programs in various fields related to industries and mining

  • South Africa has revealed potential BRICS expansion plans at the Johannesburg summit, with keen interest shown by Middle Eastern nations,...

    South Africa revealed potential BRICS expansion plans at the Johannesburg summit, with keen interest shown by Middle Eastern nations, notably UAE and Saudi Arabia

    Analysts suggest that BRICS' potential expansion could strain relations with major powers, highlight the bloc's diverse appeal, but also raise concerns about diluted influence

  • The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news,...

    The gains followed a mixed showing on Monday as investors tried to turn the tide of losses that have swept over markets in recent weeks.

    Markets globally have struggled this month on the prospect that the US Federal Reserve will hike borrowing costs once more.