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.
  • Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...

    The company announces a dividend of $18.8 billion.

    Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.

  • Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

    The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels

    Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

  • Authorities in the ministry responsible for coordinating foreign pilgrims will from Monday begin "gradually receiving Umrah requests from various countries...

    Before Sunday's announcement, only immunised pilgrims resident in Saudi Arabia were eligible for umrah permits

    The umrah is a pilgrimage that can be undertaken at any time -- distinct from the hajj, which takes place once annually

  • Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021

    The report said that as of December 2020, over 90 percent of the $648 billion Sukuk outstanding globally were issued from markets like Malaysia, UAE and the others

    Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021

  • Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks...

    International Monetary Fund and Baghdad opened talks last year amid the pandemic as demand shock sent oil prices tumbling

    Iraq also expected to sign agreement with French oil and gas company before current government’s term ends

  • Slight drop in headline seasonally adjusted PMI in July points to minor deterioration in the health of the non-oil sector.

    Slight drop in headline seasonally adjusted Purchasing Managers’ Index in July points to minor deterioration in the health of the non-oil sector.

    Influence of rising raw material prices, fuel costs, wages n cost pressures down in July, says IHS Markit survey.

  • Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...
  • Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on...
  • Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...
  • Egypt’s exports of engineering products spiked by 54 percent to $282 million in June 2021, compared to $180m in the...