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.
  • Jeddah, Saudi Arabia--Saudi Arabia and Algeria have agreed to expand bilateral relations, boosting ties in all areas. In this regard,...

    Presided over by the ministers, the two sides signed the agreement during the meeting of the fourth session of the Saudi-Algerian Political Consultations Committee

    The two sides discussed enhancement of joint efforts on several issues in order to strengthen stability and prosperity for the two countries and their peoples

  • The kingdom received about 7.8 million international tourists for all purposes during the first quarter of 2023, representing its highest...

    The kingdom also became 13th globally, advancing by 12 places, as one of the top countries receiving international tourists in 2022

    The number of international tourists who visited the kingdom, for all travel purposes, hit 16.6 million in 2022, WTO reported

  • The GCC countries are committed to enhancing the status and competence of women, and providing support to ensure their active...

    Women in GCC countries have surpassed men in the education index, with the female-to-male ratio in university education reaching approximately 59%

    The number of female graduates in the GCC is double that of men, highlighting the region's commitment to enhance the status and competence of women

  • The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the...

    The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country

    Qatar has emerged as a significant investor in Turkey, with foreign direct investments reaching approximately $10.3bn by 2021 end

  • DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...

    The National Dialogue for Food Security, organized by MOCCAE, aims to discuss topics that contribute to enhance food security for UAE.

    The dialogue was also attended by poultry industry experts and representatives of various federal and local government entities.

  • ABU DHABI, UAE -  The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the...

    The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions

    CBUAE works to ensure that all licensed financial institutions abide by the UAE laws, regulations and standards.

  • Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data...

    Retail sales rose by 0.4 percent in April from a month earlier to $686.1 billion, the US Commerce Department said in a statement.

    A separate report released by the Federal Reserve showed that industrial production rose 0.5 percent month-on-month.

  • PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by...

    The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd in April.

    Russia's tax receipts from its oil and gas sector were down by 64 percent year-on-year, the agency added.

  • Regulators worldwide are increasingly worried about the lack of oversight of the digital currency sector but the European Union has...

    During a meeting of EU economy and finance ministers on Tuesday, they agreed on rules to go after individuals who stash their cash where tax authorities have no oversight.

    The rules will close loopholes that allow people to avoid taxation on their income using crypto assets, Swedish Finance Minister Elisabeth Svantesson said.

  • On Monday, the European Commission boosted its 2023 economic growth outlook for the 20-country euro area by 0.2 points to...

    The European Union of 27 members registered a growth of 0.2% in Q1, in comparison to the first quarter of 2022, where it grew at 0.3%.

    The European Commission has forecast a rate of 5.8% for inflation in the current year, slightly above its prediction of 5.6% previously.