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.
  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    Friday's nine-nation talks in Jeddah come after Syria's foreign minister arrived on a previously unannounced visit -- the first since...

    Ministers and top officials from the six GCC nations -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE-- along with Egypt, Iraq and Jordan will meet in Jeddah.

    On the table is Syria's suspension from the Arab League, in place since President Bashar al-Assad's government launched a bloody crackdown on pro-democracy protests in 2011.

  • Tunisia has recovered 14 bodies of migrants from sub-Saharan Africa in the Mediterranean, bringing to 24 the number of dead...

    Dozens of migrants, mostly from sub-Saharan Africa, have drowned off Tunisia in recent weeks in desperate attempts to reach Europe.

    Tunisia's coastline is less than 150 kilometers from the Italian island of Lampedusa and is a favored spot for migrants attempting to enter Europe.

  • Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources...

    At a time when the global cereals market has been disrupted by Ukraine war, Tunisia's domestic grain production has also withered under a lack of rainfall that has killed off crops

    UTAP has called on the government to urgently announce a drought and state of water "emergency" and has demanded a "clear strategy" to boost Tunisia's water reserves

  • Tunisia's Saied had said last month he planned to restore diplomatic relations with Syria. Tunisia expelled Syria's ambassador in 2012...

    Syria's decision followed a similar move by Tunis on April 3, when Tunisian President instructed his foreign minister to appoint an ambassador to Damascus

    Since the quake, Syrian President Bashar al-Assad has received calls and aid from Arab leaders, momentum analysts say he could leverage to bolster regional support

  • In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The...

    Qatar's foreign ministry said that the neighbors "decided to restore diplomatic relations between the two countries" as per the UN's charter

    The two countries' relations have been more difficult to restore because of many thorny issues including their maritime border

  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey,...

    Saudi Arabia is also negotiating with Yemen's Iran-backed Houthi rebels, eight years after launching a military intervention aimed at dislodging them from power.

    Riyadh broke off relations in 2016 after Iranian protesters attacked Saudi diplomatic missions following the execution of Saudi Shiite cleric Nimr al-Nimr.

  • Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...

    Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value

    Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries

  • The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...

    Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.

    UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.

  • Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...

    In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.

    China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.

  • The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

    Sullivan commended the progress made in Yemen over the past year and welcomed Saudi efforts towards a roadmap for ending the conflict

    The two leaders also talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere