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.
  • Riyadh, Saudi Arabia -- Saudi Arabia will extend the voluntary 1 million barrels per day cut, announced in July, to...

    Saudi Press Agency, quoting an official source from the Kingdom's Ministry of Energy, said the country's production for September 2023 will be approximately 9mpbd.

    This cut is in addition to the voluntary cut previously announced by the Kingdom in April 2023, which extends until the end of December 2024.

  • oil, prices, crude, asian stocks

    The mechanism, a price ceiling of $60 per barrel on Russian oil, was agreed and introduced by the European Union,...

    It aims to restrict Russia's revenue as punishment for its invasion of Ukraine, while making sure Moscow keeps supplying the global market.

    With oil prices on the rise after months in the doldrums, the cap's impact -- and limits -- could now come into clearer focus.

  • Both Saudi Arabia and Kuwait renewed "their previous and repeated calls to the Islamic Republic of Iran to negotiate" the...

    The offshore field has long been focal point of contention between Saudi Arabia, Kuwait and Iran

    Kuwaiti and Saudi authorities said that "they alone have full sovereign rights to exploit the wealth in that area"

  • Amnesty said scores of women and girls, some as young as 12, have been subjected to sexual violence, including rape,...

    Amnesty International said that the crimes committed by the warring parties included sexual violence against girls as young as 12 and the indiscriminate targeting of civilians

    For its report, Amnesty said it had interviewed more than 180 people, primarily in eastern Chad where refugees from Darfur have fled, or remotely via secure calls

  • The talks between Sheikh Mohamed bin Zayed and King Abdullah focused on ways to ramp up cooperation across key strategic...

    The meeting between the UAE president and Jordan's king took place at Basman Palace in Amman during the president's official visit to Jordan

    The two leaders discussed various aspects of UAE-Jordan cooperation and opportunities to build on the deep, historic ties between both nations

  • Dubai, UAE - Human rights groups have accused Saudi Arabia of detaining five relatives of a US citizen who pursued a...

    The five detainees appeared briefly on Monday at the Specialized Criminal Court in Riyadh, which was established in 2008 to try terrorism cases.

    A judge read out the names of all five but did not disclose whether they had been charged with anything or set a date for a new hearing.

  • Tehran, Iran - Iran's Revolutionary Guards launched naval drills on Wednesday near strategic Gulf islands controlled by Iran but claimed by...

    "The Islamic Revolutionary Guard Corps naval exercise started Wednesday morning for the defense of the Iranian islands in the Persian Gulf," said reports.

    The three islands are located near the Strait of Hormuz, the vital sea passage between the Gulf and the open ocean through which a fifth of world oil output passes.

  • Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves...

    Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA).

    The number of air conditioners in the world, about two billion today, is set to skyrocket as temperatures and incomes rise.

  • Kuwait City, Kuwait -- As the blazing summer sun beats down on Kuwait, shoppers stroll down a promenade lined with palm...

    Kuwait has always been hot, its dry summers fanned by the northwesterly shamal wind that also blows over Iraq and Saudi Arabia.

    But in recent years, climate change has made summer peaks hotter and longer, said meteorologist Essa Ramadan, as periods of extreme heat have gone "from two weeks to about a month"

  • In the unbearable midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed...

    In early July, hundreds of migrants from sub-Saharan African countries were driven out of the Tunisian port city of Sfax as racial tensions flared

    A joint statement from United Nations agencies referred to the "unfolding tragedy" of migrants, refugees and asylum seekers in Tunisia's border regions