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.

High taxes on tobacco in MENA weans users off habit

  • The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021
  • In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million

The use of tobacco by people across the world has gone down, and the Middle East has been no exception where many have succeeded in weaning themselves off the dangerous habit.

The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021. It expects the number to go further down to 1.27 billion by 2025.

In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million in 2019. The dip has been attributed to the UAE’s stringent taxation on cigarettes.

Saudi Arabia too has directed that some 70 percent of the price of a cigarette pack be taxes.

According to the WHO, sixty countries are now on track to achieving the voluntary global target of a 30 per cent reduction by 2025, an increase from two years ago, when only 32 countries were on course.