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.
  • Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out...

    Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out the cost of living in other cities of the Kingdom

    Affordability and stability of Saudi cities make them attractive destinations for both locals and expatriates seeking a cost-effective living environment, TRENDS points out

  • Dr Faqeeha commends the G20's support for the global platform CORDAP (Collaborative Action on Coral Reefs and People), which was...

    Saudi Arabia is collaborating with regional countries and the International Maritime Organization to establish the Red Sea as a special marine zone by 2025

    The Kingdom has implemented a circular strategy for the carbon economy and introduced a new waste management law to increase recycling rates

  • The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$...

    The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$ 340 million

    Saudi Arabia's annual production of dates surpasses 1.6 million tons, with exports increasing by 121 percent from 2016 until 2022

  • Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...

    After 11 days of daily blackouts, Prime Minister Mostafa Madbouli ordered civil servants to work from home once a week.

    He announced scheduled power outages at least through August, and proposed other solutions to Egypt's energy crisis.

  • DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...

    The UAE minister called upon G20 countries to fulfil their commitment to providing the pledged financial support for global climate initiatives.

    She said that is only by collective action that the global community can achieve the worldwide emission reduction target.

  • DUBAI, UAE - Dubai Customs has, to date, processed 214 customs transactions worth US$38.7 million (AED142.2 million) under cover of...

    Goods shipped under cover of the internationally accepted customs transit document do not require inspection at border crossings while in transit.

    It provides a financial guarantee to pay the suspended duties and taxes. The guarantee system is managed by the International Road Transport Union.

  • Baghdad, Iraq--A fire at an electricity substation in southern Iraq triggered a nationwide power outage Saturday, authorities said, just as demand peaks...

    In spite of the country's vast oil reserves, Iraq continues to suffer from frequent power outages with its power grid incapable of meeting peak demand

    The electricity ministry said in a statement that the power grid experienced a total shutdown due to a fire that affected a transmission substation

  • The new set of conditions brought in by the finance ministry look to shore up the integrity of the corporate...

    Except for real estate investment trusts, the new conditions require investment funds to be chiefly involved in investment business activities

    The cabinet decision also requires a single investor and its related paties not to hold more than 30% or 50% of the ownership interests in a fund

  • Doha, Qatar--Qatar National Bank (QNB) Group foresees a recession in the US economy during the upcoming 12 months, pointing out...

    The bank notes that the US economy continues to be resilient in spite of headwinds from high inflation, tighter financial conditions

    In QNB's analysis while economic momentum should prevent a downturn for the US in 2023, a recession is not unlikely yet for 2024

  • Saudi Aramco's King Salman Complex, set to be the largest marine industry hub in the Middle East, is expected to...

    Saudi Aramco's King Salman Complex, set to be the largest marine industry hub in the Middle East, is expected to boost Saudi Arabia's GDP by over $17 billion

    The complex aims to localize technologies and meet the needs for building offshore oil and gas rigs, offshore platforms, offshore support vessels, and crude tankers