INSEAD Day 4 - 728x90

bid

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.
  • Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members left to ratify Sweden's bid 19 months after it applied for membership. Sweden and Finland dropped decades of military non-alignment and sought to join the organisation after Russia invaded Ukraine...
  • Saudi Arabia emerges as only bidder for 2034 World Cup

    The Saudi bid comes one year after neighboring Qatar hosted the first World Cup in the Middle East, where the kingdom's national team scored a surprse group stage victory over eventual winners Argentina. It is set to take over from a tri-continental line-up for the 2030 event to be shared...
  • Qatar banker Sheikh Jassim withdraws bid to buy Man Utd

    Sheikh Jassim was among the front-runners to buy Manchester United after several rounds of bidding earlier this year, but the process has come to a halt in recent months despite the anger of supporters toward current owners. United announced nearly a year ago that they were exploring "strategic alternatives to...
  • ACWA Power is preferred bidder for DEWA’s Hassyan Seawater Reverse Osmosis plant

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer said on Wednesday that Saudi Arabia’s ACWA Power is the “preferred bidder” for the construction and operation of the 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1...
  • Dubai posts 44 percent growth in business event bid wins in H1 2023

    DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in the first half of 2023. The outstanding growth in the number of global events being hosted by the city contributes further to its economic growth in line with the goals...
  • 4 bids for Al Ajban power project

    There will be a process to select the best proposal.
  • Iraq and Jordan to set up economic city on common border

    A joint economic city is going to come up on the Iraq-Jordan border and in this regard an international tender has been set up by the two countries. The tender, according to the Jordanian ministry of industry and trade, includes preparing studies, designs, engineering plans, developing, financing, and operating the...
  • Toshiba accepts $15bn buyout bid

    The acceptance follows years of turmoil for the company.
  • Morocco joins Spain, Portugal to launch bid for 2030 World Cup

    Morocco has joined the bid by Spain and Portugal to host the centenary World Cup in 2030, according to its ruler, King Mohammed VI. The king said in a message delivered as he was named the winner of the African Football Confederation 2022 Award of Excellence in Kigali, where FIFA...
  • Saudi businessman bids US$2.6m for Messi-Ronaldo game

    A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off in a friendly after bidding $2.6 million at an auction. The game in Riyadh will pit Messi's Paris Saint-Germain against players from Ronaldo's new club Al Nassr and their Saudi...
  • Ronaldo to earn $214 million to promote Saudi World Cup bid

    The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.
  • Chamoun granddaughter launches bid for Lebanon presidency

    Tracy Chamoun, an ex-ambassador and granddaughter of late president Camille Chamoun, announced Monday she will run for the presidency of Lebanon. "I announce to the Lebanese people, and their lawmakers... my candidacy in Lebanon's upcoming presidential elections," Chamoun told a news conference marking the launch of her campaign for the...
  • Twitter takes a dig at Elon Musk for bad results

    Twitter blamed disappointing results Friday on "headwinds," including the uncertainty imposed on the company by Elon Musk's chaotic buyout bid. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, leaving the...
  • Twitter down for short period in US, Europe, restored later

    Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday. The Downdetector website showed that outage reports spiked in the United States around 1200 GMT, while users reported service interruptions in France and elsewhere.
  • Twitter shares rise on reports it will accept Musk takeover bid

    The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put the Tesla boss in charge of the influential social media site.
  • Elon Musk offers to buy 100 percent of Twitter stock, take it private

    Tesla chief offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated April 13, with the Securities and Exchange Commission.
  • Australian power firm rejects green billionaire’s takeover bid

    AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian.
  • UAE calls for inclusive climate agenda for COP28

    Investing in low-carbon solutions in the energy sector will drive economic prosperity, says UAE Special Envoy for Climate Change Sultan bin Ahmed Al Jaber.
  • Hosting Expo 2030 in Riyadh opportunity to learn from Saudi experience: OIC

    The Organisation of Islamic Cooperation (OIC) has supported Saudi Arabia's bid to host Expo 2030 in Riyadh. The OIC is the second-largest organization after the United Nations with a membership of 57 states spread over four continents. It is considered the voice of the Islamic world. Saudi Arabia is the...