INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.
  • The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in...

    The Saudi Fund for Development has announced that it will deposit $3 billion into the State Bank of Pakistan

    Saudi Arabia will also finance the oil-derivatives trade with Pakistan with a total amount of $1.2 billion throughout the year

  • On a visit to Azerbaijan on Tuesday, Turkey set out conditions if Baku wanted better ties with Ankara.

    Turkey and Armenia have no diplomatic relations, and a closed frontier

    They also have a history of hostility rooted in massacres of Armenians under the Ottoman Turks during World War I

  • The reaction comes after four years under Donald Trump in which the United States offered a green light to Israel's...

    The State Department under Biden had repeatedly warned against settlement construction

    Palestinian prime minister Shtayyeh had urged Washington to "confront" Israel on the settlements

  • Israel's designation of six leading Palestinian civil society groups as outlawed "terrorist organizations" is an unjustified attack, the UN human...

    The Jewish state said its move last week was due to their alleged financing of the Popular Front for the Liberation of Palestine

    "The crucial work they perform for thousands of Palestinians risks being halted or severely restricted"

  • The drop in the water levels of the Sirwan river, which begins in Iran and flows through the Darbandikhan dam...

    The Darbandikhan dam in Iraq has this year received 900 million cubic meters of water, well below the annual average of 4.7 billion cubic meters

    The decline had led to a 30 percent fall in electricity production from the dam

  • Facebook executives say the profits could have been even more if not for Apple updating its iPhone operating system to...

    Facebook has been hit by a crisis after a former employee leaked papers showing the company prioritized profit over users interest.

    A report said teenage users of the Facebook app in the US had declined by 13 percent since 2019 and were projected to drop 45 percent over the next two years.

  • The country has been the target of protests by several football teams over its treatment of foreign workers. Its motorsports...

    We are happy to support the drivers to speak their minds on their platforms, said Abdulrahman Al Mannai, president of the Qatar Motor and Motorcycle Federation.

    Qatar has removed rules that barred workers from changing employers, scrapped exit permit requirements and introduced a minimum wage of $1.30 an hour.

  • Sheikh Tamim bin Hamad Al-Thani told lawmakers that he had instructed the authorities to give voting rights to those excluded...

    Only descendants of Qataris who were citizens in 1930 were eligible to vote and run for 30 of the 45 seats in the Shura Council polls

    This effectively disqualified members of families naturalized since 1930

  • In the wake of the military coup in Sudan, many countries of the Middle East have called for peace and...

    General Abdel Fattah Al-Burhan, the head of the military, announced the dissolution, on Monday, of the government and the Sovereign Council

    Burhan said quarrels among political factions prompted the military intervention

  • The EU and world powers are scrambling to try to get negotiations in Vienna back on track.

    The agreement between Iran and world powers was to find a long-term solution to the now two-decade-old crisis over its nuclear program

    It has been moribund since former US president Donald Trump walked out of the deal in May 2018 and imposed sweeping sanctions