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.
  • On average, a soldier used to earn about $800 a month before the crisis, but the value of the Lebanese...

    Soldiers in Lebanon have seen their salaries diminish to around an eighth of their value in dollar terms since the country's economy began tanking in 2019

    The devastating economic crisis - which the World Bank says is one of the planet's worst in modern times - has plunged over 80% of the population into poverty

  • Muscat, Oman - The Gulf Cooperation Council (GCC) countries met here on Thursday to address the obstacles affecting inter-country trade...

    The 64th meeting between Gulf Cooperation Council (GCC) Trade Cooperation Committee and Committee for Standardization Affairs was attended by the GCC ministers of commerce

    The commerce and industry ministers held a consultative meeting with the heads of the federations of the GCC chambers to discuss opportunities to enhance cooperation

  • Amsterdam, Netherlands – Saudi Arabia and Netherlands on Thursday signed a Memorandum of Understanding to collaborate on energy on the...

    The MoU aims to establish a framework for cooperation between the two countries and strengthen it in several energy sectors, including renewable energy

    It also facilitates the activation of international supply chains linking the two countries and cooperation on technologies and solutions related to climate change

  • There are three main pillars to this approach: transforming existing industries with advanced technologies, creating the green industries of the...

    Digitalization plays a key role in making existing industries more sustainable, driving low-carbon production and decarbonization throughout value chains

    R&D is vital for advancing technologies in green industries, with the UAE committed to increasing spending to further develop and deploy green innovations

  • The International Monetary Fund warned of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline...

    Democrats have been calling for a "clean" increase of the borrowing limit, accusing Republicans of using extreme tactics to push their political agenda.

    The lifting of the debt ceiling has historically been seen as a routine affair, given that it involves raising money to pay for spending commitments.

  • ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...

    The main objective of the project is to establish a global baseline for renewable energy.

    The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.

  • The Bank of England lifted its key interest rate to the highest level since the 2008 financial crisis, noting inflation...

    Global policymakers are battling elevated inflation caused largely by runaway energy bills.

    Bank of England warned of "considerable uncertainties" on when UK inflation would return to its two-percent target.

  • As per pact, e& is a cornerstone shareholder of Vodafone.

    e& and Vodafone will explore offering joint cross-border digital services to multi-national customers and public sector organizations.

    Services will include fixed and mobile connectivity, Mobile Private Networks, IoT, cybersecurity, and cloud-based services.

  • Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index (IPI) increased by 4.1 percent in March 2023, compared to the...

    The kingdom's General Authority for Statistics (GASTAT) said the IPI rose to 134.8 points in March, according to the base year 2010, compared to 129.5 points in March 2022.

    The index of the mining and quarrying activity increased by 1.6 percent and the sub-index of the manufacturing activity increased by 10.5 percent over previous year.

  • The group declared a dividend of $1.2 billion to its owner.

    The Emirates airline business alone banked $2.9 billion after returning a $1.1 billion loss in the previous financial year.

    The Middle East's biggest airline had posted a $5.5 billion loss for Covid-ravaged 2020-2021, its first in over three decades.