INSEAD Day 4 - 728x90

C1

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.
  • Dubai, UAE — Dubai Chambers, in collaboration with Dubai Customs and DP World, convened a meeting with around 100 private sector companies to assess logistics challenges and explore ways to strengthen supply chain efficiency amid shifting global conditions. The session, chaired by Dubai Chambers Chairman Sultan bin Saeed Al Mansoori,...
  • In skies, as on land, European forces face gaps if US pulls back

    Leeuwarden, Netherlands - Fighter jets from the United States, France, Finland and Germany roar into the skies from a Dutch base as part of NATO's biggest air exercise this year. The aim: to practice stopping -- and then defeating -- an enemy attack against the alliance as Russia's war in Ukraine...
  • OpenAI files counterclaims against Musk as feud deepens

    San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him. In legal documents filed Wednesday in northern California's federal court, OpenAI alleges Musk became hostile...
  • China retaliates with 84 percent tariffs on US products

    Beijing, China -- China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing...
  • 47 global firms interested in developing 7th phase of Al Maktoum solar park

    Dubai, UAE -- A total of 47 international companies have shown interest in developing the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is based on the independent power producer (IPP) model, said Saeed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). Al...
  • UAE tourism generates $12.24bn in hotel revenues in 2024: Minister

    Abu Dhabi, UAE --  Hotel revenues in the UAE reached approximately AED 45 billion ( $12.24 billion) in 2024, reflecting a 3 percent year-over-year growth, said Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council. Hotel occupancy rates also climbed to 78 percent last...
  • Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn

    Abu Dhabi, UAE --  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion ($83.29 billion), compared to AED 281.9 billion in 2023, reflecting the vitality of the emirate’s economy and its growing relations with trading partners around the globe....
  • ‘I don’t have a voice in my head’: Life with no inner monologue

    Paris, France - Mel May only realised she was different while reading a news article one day. "Wait, what? Some people hear a voice in their head?" she thought at the time.She was stunned to discover that this was not just a figure of speech -- her friends were actually chatting...
  • Pausing production, raising prices: Automakers shift gears after Trump tariffs

    Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President Donald Trump, from pausing production to raising prices or halting certain models. The additional levy came into effect on Thursday and applies to all cars that are not manufactured in...
  • First footage of James Cameron directed ‘Avatar: Fire and Ash’ revealed

    Las Vegas, United States - Evil Na'vi. Giant volcanoes. Airborne boats. The first-ever footage from "Avatar: Fire and Ash," the sequel to two of the highest grossing movies of all time, was debuted at the CinemaCon event Thursday. Out this December, the film "expands the beautiful world of Pandora and...
  • Hungary announces ICC withdrawal as Israel’s Netanyahu visits

    Budapest, Hungary -- Hungary on Thursday said it will quit the International Criminal Court, just as its Prime Minister Viktor Orban hosted Israeli counterpart Benjamin Netanyahu, whom the tribunal has accused of war crimes in Gaza. Hungary's announcement that it will start the year-long withdrawal process came as Orban welcomed...
  • Saudi Arabia’s travel account surplus reaches nearly $13.27bn

    Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching SAR49.8 billion ($13.27bn), a 7.8% increase over 2023, according to a Tourism Ministry press release. The release said that this surge was fueled by a 13.8 percent increase in inbound visitor spending...
  • US university calls for release of detained Turkish student

    New York, United States - Tufts University on Wednesday publicly backed its student Rumeysa Ozturk, a Turkish national detained by federal agents last week as part of US President Donald Trump's crackdown on pro-Palestinian campus activism. In a legal declaration signed by the Massachusetts university's president Sunil Kumar, Tufts demands...
  • US senator smashes record with 25-hour anti-Trump speech

    Washington, United States - A Democratic US lawmaker shattered a record for the longest speech in Senate history Tuesday, staying on his feet for more than 25 hours to deliver a fiery protest against President Donald Trump's "unconstitutional" actions. Senator Cory Booker's display of endurance -- to hold the floor...
  • OpenAI says it raised $40 bn at valuation of $300 bn

    San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and "enables...
  • Hard-hitting drama ‘Adolescence’ to be shown in UK schools

    London, United Kingdom - The Netflix drama "Adolescence", which has sparked widespread debate about the toxic and misogynistic influences young boys are exposed to online, is to be shown in UK secondary schools, officials said on Monday. Prime Minister Keir Starmer, who met the creators of the show alongside charities...
  • Turkey opposition pushes for early polls as Swedish reporter jailed

    Istanbul, Turkey --  The Turkish opposition on Sunday worked to keep up the momentum of the protest movement triggered by the Istanbul mayor's arrest by pushing for early elections as well as his release, with a Swedish reporter the latest detained in a government crackdown. The arrest on March 19...
  • Qatar’s Producer Price Index for Feb down 0.33 percent year-on-year

    Doha, Qatar -- Qatar's general Producer Price Index (PPI) for the industrial sector for February recorded 114.01 points, showing stability compared to January, but reflecting a decrease of 0.33 percent compared to the same month in 2024. The PPI for the industrial sector is composed of four main sectors: mining...
  • ‘Something is rotten’: Apple’s AI strategy faces doubts

    New York, United States - Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts blew out into the open when one of the company's closest observers, tech analyst John Gruber, earlier this month gave a blistering critique in a blog post titled "Something Is...
  • Film stars blast Academy for ‘failing to defend’ Palestinian filmmaker

    Los Angeles, United States - Movie stars including Joaquin Phoenix, Penelope Cruz and Richard Gere have blasted the Academy of Motion Picture Arts and Sciences for failing to defend an Oscar-winning Palestinian filmmaker who said he was attacked by Israeli settlers. Hamdan Ballal co-directed "No Other Land," which won best...
  • ‘My entire life’: Saudi tailor keeps robe-making craft alive

    Hofuf, Saudi Arabia - Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he is determined to preserve even as mass-produced garments flood the market, threatening his traditional business. He makes "bisht", a long gown which for centuries has been a status symbol, worn...
  • AI’s impact on jobs, technology’s touchy topic sparks unease

    New York, United States - "Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where the impact of new artificial intelligence models on the world of work had sparked some unease. "We're not worried about tiptoeing around. We're sparking the conversation," said Fahad Alam of...
  • Japan’s Masaki Kashiwara wins Abel Prize for mathematics

    Oslo, Norway -- The prestigious Abel Prize for mathematics was on Wednesday awarded to Japanese mathematician Masaki Kashiwara a specialist in algebraic analysis, representation theory, and sheaf theory. The 78-year-old mathematician was honored for "his fundamental contributions to algebraic analysis and representation theory, in particular the development of the theory...
  • Israel releases Palestinian Oscar winner after West Bank detention

    Jerusalem, Undefined - Israeli police on Tuesday released Oscar-winning Palestinian filmmaker Hamdan Ballal, detained a day earlier for "hurling rocks" following what activists described as an attack by Israeli settlers in the occupied West Bank. Basel Adra, who worked with Ballal on the Oscar-winning documentary film "No Other Land", posted...
  • Houthi PC small group’ leak: Probe underway after sensitive info exposure

    The breach became public on Monday after The Atlantic magazine's editor-in-chief Jeffrey Goldberg published an article recounting how he was inadvertently invited into the group chat.
  • ‘Love is in the air’: Woods confirms romance with Trump’s ex daughter-in-law

    Los Angeles, United States - Tiger Woods took the unusual step of confirming his romance with Donald Trump's former daughter-in-law on Sunday in a brief post on social media. Golf superstar Woods -- renowned for jealously guarding his private life over the years -- confirmed in a post on X...
  • Layali Diriyah: Blending scents of history, culture, global flavors

    Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance, blending the scents of history, culture, and global flavors, while gentle breezes carry the fragrances of the past and the richness of traditions. The ambiance of Ramadan permeates the entire...
  • Fatah urges Hamas to cede power to safeguard ‘Palestinians’ existence’

    Gaza City, Palestinian Territories -- Palestinian president Mahmud Abbas's Fatah movement called on Hamas on Saturday to relinquish power in order to safeguard the "existence" of Palestinians in the Gaza Strip. "Hamas must show compassion for Gaza, its children, women and men," Fatah spokesman Monther al-Hayek said in a message...
  • Italian paper prints fully-AI edition, but not to ‘kill’ journalism

    Rome, Italy -- In a world first, an Italian newspaper is printing a fully AI-generated edition for a month in what its director said Thursday was an experiment to "revitalize journalism, not to kill it". Il Foglio, a daily broadsheet with an irreverent touch and a circulation of about 29,000,...
  • Saudi table egg production crosses 8 billion, achieves 100% self-sufficiency

    Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8 billion eggs by 2024, according to the Ministry of Environment, Water, and Agriculture. The Ministry highlighted that the Kingdom's egg production not only meets domestic demand but also generates a...
  • ADQ and US equity firm ECP to invest $25bn in data center energy projects

    Dubai, UAE --  Abu Dhabi sovereign wealth fund ADQ has partnered with the American private equity firm Energy Capital Partners to invest more than $25 billion in 25 GW worth of energy projects to power data centers, mostly in the United States. ADQ and ECP, the largest private owner of...
  • ‘Dark universe detective’ telescope releases first data

    Paris, France - Europe's Euclid space telescope, which is on a mission to shed light on the mysteries of dark matter and dark energy, released its first data Wednesday with a little help from volunteers and artificial intelligence. The telescope launched in 2023, aiming to chart one third of the...
  • Putin has upper hand in Trump talks on elusive Ukraine peace: analysts

    Paris, France - Vladimir Putin scored a coup by discussing with Donald Trump in highly anticipated phone talks everything from improving bilateral ties to Iran and even hockey matches, but stopping well short of agreeing any peace path to end the war in Ukraine, analysts say. During the call on Tuesday,...
  • Deepfakes can clone your voice in 5 seconds, tech firms mount defense

    Las Vegas, United States -- Tech firms are fighting the scourge of deepfakes, those deceptively realistic voices or videos used by scammers that are more available than ever thanks to artificial intelligence. Ever-improving generative artificial intelligence (GenAI) tools have become weapons in the hands of bad actors intent on tricking...
  • Nvidia showcases AI chips as it shrugs off DeepSeek

    San Francisco, United States - Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market. Huang's keynote presentation at Nvidia's annual developers conference should pack the SAP Center in the Silicon Valley...
  • Webb telescope directly observes exoplanet CO2 for first time

    The gas giants are not capable of hosting extraterrestrial life, but do offer clues in a lingering mystery about how distant planets form, according to a study in The Astrophysical Journal.
  • IMF approves additional $1.3 billion aid program for Egypt

    Washington, United States - The International Monetary Fund has approved an additional $1.3 billion assistance program for Egypt under its Resilience and Sustainability Facility (RSF) meant to mitigate the impact of climate change, the organization said Tuesday. The Fund's Executive Board also completed the fourth review of an ongoing aid...
  • Tech and sustainability drive Singapore’s smart tourism vision

    To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and augmented reality to enhance visitor experiences.
  • GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia

    The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder and CEO at Trukkin, a leading UAE-based logistics firm.
  • Turkey central bank cuts rate to 42.5% as inflation eases

    Istanbul, Turkey - Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation has fallen below 40 percent for the first time since mid-2023. The monetary policy committee "decided to reduce the policy rate from 45 percent" in January to 42.5 percent, the...
  • UAE’s real GDP increases by 3.8% during first nine months of 2024

    Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to the same period in 2023, reaching AED 1.322 trillion. This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to AED 987 billion, reflecting...
  • China, Canada retaliate to Trump tariff war as markets fall

    Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Markets fell in Asia and Europe in response to what analysts said were the...
  • Trump orders pause to Ukraine aid: White House official

    President Donald Trump suspended military aid to Ukraine on Monday, a US official told AFP, sharply escalating pressure on Kyiv to agree to peace negotiations with Russia. The move comes just days after a stunning public clash at the White House between Ukrainian President Volodymyr Zelensky and Trump, who is...
  • West Bank eviction film ‘No Other Land’ wins best documentary Oscar

    Jerusalem -- No Other Land, a documentary about Israeli settlement in the occupied West Bank, has won the best documentary award at Sunday's Academy Awards. The film has been directed by Israeli-Palestinian activists. Shot in Masafer Yatta near the West Bank city of Hebron, the documentary follows a young Palestinian struggling...
  • Future of Humanity – TRENDS’ yearly Special Issue now online

    Dubai, UAE -- TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces shaping our world. The edition delves into transformative themes such as GCC’s leadership in urbanization, smart cities, and logistics, as...
  • Abu Dhabi real estate transactions reach $4.69bn in Jan, Feb 2025

    Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi reached AED17.24 billion ($4.69 billion) in the first two months of 2025, with over 5,000 transactions, reflecting the sector's strong activity. According to the "DARI" platform of the Department of Municipalities and Transport in Abu Dhabi, real estate sales transactions...
  • Netanyahu thanks Trump for weapons to ‘finish the job’ against Iran axis

    Jerusalem, Undefined - Israeli Prime Minister Benjamin Netanyahu on Sunday thanked US President Donald Trump for sending munitions held up by the previous administration, which would help "finish the job against Iran's terror axis". Netanyahu has long expressed his opposition to Iran, its nuclear programme and its proxies, which include...
  • PKK declares ceasefire with Turkey after 40 years of armed struggle

    Istanbul, Turkey - Outlawed Kurdish militants on Saturday declared a ceasefire with Turkey following a landmark call by jailed PKK leader Abdullah Ocalan asking the group to disband and end more than four decades of armed struggle. It was the first reaction from the Kurdistan Workers' Party (PKK) after Ocalan...
  • Two lunar landings in a week for NASA’s private Moon fleet

    Washington, United States -- More than fifty years passed between the last Apollo mission and the United States' return to the lunar surface, when the first-ever private lander touched down last February. Now, starting Sunday, two more missions are set to follow within a single week, marking a bold push...
  • Wild AI, a royal letter and big hugs – a week in Trumpworld

    Washington, United States  - President Donald Trump closed out a packed week at the White House after hosting a string of eager-to-please guests, and generating the usual eye-popping menu of news items. 'Did I say that?' Last week, Trump branded elected Ukrainian leader Volodymyr Zelensky a "dictator" -- but things...
  • Microsoft retires Skype, the online voice and video call pioneer

    San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011. "Starting in May 2025, Skype will no longer be available," said a post from Skype support on X, directing users to sign into...