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.

  • At least 28 people were killed when the fuel tank blew up

    At least 28 people were killed when the fuel tank blew up

    The Lebanon grapples with an economic crisis described by the World Bank as one of the world's worst since the 1850s

  • In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their...

    In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their houses

    Rescuers faced new pressure with Tropical Depression Grace approaching, raising fears of torrential rainfall

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic...

    Residential transaction volume totaled 14,426 units, a rise of 35.48 percent from Q1 2021.

    Palm Jumeirah saw the highest increase in villa rents, at 3.9 percent Q-o-Q.

  • The GCC countries see hydrogen as a key factor in fuel transition and have drawn up plans to export green...

    UAE first in GCC to reduce emissions by 24 percent by 2030 and to 50 percent by 2050

    GCC countries have plenty of space, sunshine wind energy in some areas

  • Owing to higher prices in the transport sector, Saudi Arabia's consumer price index rose 0.4% in July from a year...

    CPI rise stemmed from higher prices in the transport sector

    There was also an increase of 1.2 percent in food and beverages

  • The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates...

    Lifting subsidies is a risky decision that could spark public unrest

    The number of poor and vulnerable people will rise from 16.7 percent to 20 percent

  • The strategic merger between Arkan and Emirates Steel Industries highlights the focus of the UAE's new industrial initiative 'Operation $300bn.'

    The UAE government wants to raise the industrial sector’s contribution to the GDP from US$36.20bn to US$81.66bn by 2031

    The strategy is aligned with national goals and international commitments relating to advancing sustainable economic growth, deploying clean energy solutions

  • Lebanon's central bank governor has vowed not to reverse his decision to stop subsidising fuel imports, unless parliament votes to...

    The country's Foreign exchange reserves have dwindled in recent months to now stand at $14 billion

    Earlier this week, the central bank had said it would no longer subsidise fuel imports