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.
  • The UAE’s foodservice sector continued to grow in 2025 and is expected to expand further through 2030, even as the global market moves into a phase of more stable and moderate growth, according to an exclusive preview of Deloitte’s Foodservice Market Monitor 2026 shared with TUTTOFOOD. The report said the...
  • US offers security guarantees to Qatar after Israel strikes: White House

    Washington, United States -- The United States will regard "any armed attack" on Qatari territory as a threat to Washington and will provide the Gulf Arab state with security guarantees, the White House said, after an Israeli strike on the country last month. "In light of the continuing threats to...
  • Google infuses Gemini generative AI into home gadgets

    Paris, France -- Google said Wednesday it was adding its Gemini generative AI assistant to its smart home devices, saying users would be able to control them with natural language commands. The new "Gemini for Home" feature "replaces the Google Assistant", the previous system for managing the American tech giant's...
  • Amazon adds AI muscle to connected home lineup

    New York, United States - Amazon on Tuesday unveiled the latest generation of connected products, featuring enhanced artificial intelligence capabilities designed to make interactions with AI more frequent and natural. Nearly 20 years after the launch of the Kindle e-reader, the Seattle-based online retail giant now offers a family of...
  • Human skin cells turned into fertilisable eggs for first time

    Paris, France -- Scientists said Wednesday they have turned human skin cells into eggs and fertilized them with sperm in the lab for the first time -- a breakthrough that is hoped to one day let infertile people have children. The technology is still years away from potentially becoming available...
  • Electronic Arts to be bought by PIF-led consortium for $55 bn

    Washington, United States -- Video game giant Electronic Arts announced Monday it would be acquired by a consortium led by Saudi Arabia's Public Investment Fund for $55 billion, in what EA said would be the largest all-cash private equity buyout in history. The consortium also includes US investment firms Silver...
  • India, Pakistan trade accusations after Asia Cup trophy debacle

    Dubai, United Arab Emirates - Pakistan captain Salman Agha said India had "disrespected cricket" while Indian counterpart Suryakumar Yadav complained his side "were denied the trophy" after winning a fraught Asia Cup. The two teams did not shake hands for the third Asia Cup match running as India won the...
  • ‘We’ll be ruined’: Iranians feel strain as sanctions snap back

    Tehran, Iran -- As United Nations sanctions returned in full force on Sunday, Iranians felt the strain deepen, with prices soaring and the rial sinking to new lows. For Helia, a 33-year-old graphic designer in Tehran, the impact was already visible: the price tag on the furniture for her new...
  • World’s highest bridge opens to traffic in China

    Beijing, China -- The world's highest bridge opened to traffic in China on Sunday, state media said, capping an engineering feat three years in the making and snatching the record from another bridge in the same province. The Huajiang Grand Canyon Bridge towers 625 metres (2,051 feet) above a river...
  • Trump’s granddaughter launches clothing brand from White House

    Washington, United States - US President Donald Trump's granddaughter has unveiled a clothing brand bearing her name, with promotional photos taken at the White House featuring the teen in a $130 sweatshirt. Don Jr.'s daughter stood near the 79-year-old Republican on Friday wearing one of her brand's pullovers, as he...
  • Turkish Airlines inks big Boeing deal after Erdogan visits US

    Istanbul, Turkey -- Turkish Airlines announced on Friday a deal to buy up to 225 Boeing jets, one day after President Recep Tayyip Erdogan made his first White House visit since 2019. The more than two-hour meeting between Erdogan and President Donald Trump raised Ankara's hopes of seeing Washington lift...
  • Tehran, Moscow sign $25 bn deal to build nuclear plants in Iran: state media

    Tehran, Iran -- Iran and Russia signed a $25 billion deal to build nuclear power plants in the Islamic republic, Iranian state media reported Friday, just hours ahead of the likely return of sweeping UN sanctions on Iran. "A deal for the construction of four nuclear power plants with a...
  • Microsoft trims service to Israel over Gaza surveillance

    San Francisco, United States - Microsoft on Thursday said it cut an Israeli defense unit's access to some cloud services apparently being used as part of a mass surveillance operation in Gaza. The move came after Microsoft spent more than two months investigating a report in The Guardian that the...
  • Meta activates Facebook ‘teen accounts’ worldwide

    Paris, France -- Meta said Thursday it was activating so-called "teen accounts" with additional protections for adolescent Facebook and Messenger users worldwide, months after their deployment in major English-speaking countries. "We’ve placed hundreds of millions of teens in Teen Accounts across Instagram, Facebook, and Messenger, and now we’re expanding them...
  • UAE raises $299 million in Islamic Treasury Sukuk auction

    Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has completed the September 2025 auction of dirham-denominated Islamic Treasury Sukuk (T-Sukuk), raising AED1.1 billion. The auction, part of the UAE’s 2025 T-Sukuk programme, saw strong demand from the eight primary...
  • Nvidia to invest up to $100 bn in OpenAI data centers

    San Francisco, United States - Nvidia said Monday it will invest up to $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence. The strategic partnership aimed at deploying massive data center capacity unites generative AI star OpenAI with the leading maker of chips powering the technology. "Compute infrastructure will...
  • IEA feels the heat as Washington pushes pro-oil agenda

    Paris, France -- No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the Trump administration over its globally-respected reports that predict a dwindling in fossil fuel demand. The United States, the world's biggest oil producer and a major contributor to the Paris-based IEA,...
  • ‘I don’t recognise my country,’ says Angelina Jolie

    San Sebastian, Spain - American actress Angelina Jolie said Sunday she no longer recognises her country, voicing concern over threats to free expression while presenting her latest film at Spain’s San Sebastián film festival. Her comments come as worries grow over free speech in the United States, after President Donald...
  • India again refuse handshake with Pakistan in Asia Cup

    Dubai, United Arab Emirates -- India skipper Suryakumar Yadav again refused to shake hands with Pakistan's Salman Agha as he won the toss and elected to field in their Super Four contest of the Asia Cup on Sunday. The two neighbors come into the key match of the regional tournament...
  • UAE Council warns 98% of cyberattacks rely on social engineering

    Abu Dhabi, UAE -- The UAE Cyber Security Council has cautioned that social engineering remains the most common tool used by cybercriminals, featuring in nearly 98 percent of cyberattacks. The warning came during the sixth week of the Council’s Cyber Pulse initiative, a 52-week campaign designed to strengthen digital literacy...
  • Dubai Integrated Economic Zones posts record $91 billion trade in 2024

    Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade across its three economic zones reaching AED 336 billion ($91 billion). The figure represents a 19 percent increase compared to 2023 and accounts for 13.7 percent of Dubai’s total non-oil...
  • White House says $100,000 H-1B visa fee to be one-time payment

    Washington, United States -- The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants. US Commerce Secretary Howard Lutnick, in announcing the major fee increase on...
  • flydubai grows its presence in Romania, first UAE carrier to do so

    Dubai, UAE -- flydubai inaugurated its new service to Iași, becoming the first UAE carrier to serve direct flights from Dubai. With the start of its twice-weekly service to Iași, the carrier grows its network in Romania to two destinations including Bucharest. In addition to flydubai’s new service to Iași,...
  • Qatar meets ICC head as it mulls legal action against Israel

    Doha, Qatar -- Qatar has met with the president of the International Criminal Court as it seeks legal action against Israel over its unprecedented strike on its territory last week, an official said on Thursday. The emirate's chief negotiator, Mohammed al-Khulaifi, met in The Hague on Wednesday with the president of...
  • Dubai scores global gaming partnerships at Gamescom 2025

    Dubai, UAE - Dubai Future Foundation (DFF) has signed a Memorandum of Understanding with XSOLLA, a global company that helps developers monetise and scale their video games. The joint venture will also highlight key activities and thought leadership initiatives within the gaming sector. The partnership was signed under the framework...
  • Scientists train AI model to predict future illnesses

    Paris, France - Scientists said Wednesday that they had created an AI model able to predict medical diagnoses years in advance, building on the same technology behind consumer chatbots like ChatGPT. Based on a patient's case history, the Delphi-2M AI "predicts the rates of more than 1,000 diseases" years into...
  • King Saud University wins US patent for firefighting robot

    Riyadh, Saudi Arabia - The Center of Smart Robotics Research at the College of Computer and Information Sciences, King Saud University, has been granted a patent by the United States Patent and Trademark Office (USPTO) for a robotic system designed to fight fires and safeguard lives and property. The system...
  • Trump sues NYT for $15 billion in latest attack on media

    Washington, United States -- Donald Trump filed a $15 billion defamation lawsuit against The New York Times on Monday, adding to the US president's growing list of legal attacks on news organizations he accuses of bias against him. Trump, 79, has intensified his long-established hostility toward the media since his...
  • Elon Musk buys $1 billion in Tesla shares, stock prices go up 6%

    New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a regulatory filing, sending the share price up six percent on Monday. According to the filing with the Securities and Exchange Commission, the billionaire, who also owns social media platform X...
  • Red Sea Global opens Shura island with three world-class resorts accessible to all

    Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which will begin welcoming guests in the coming weeks. This milestone marks a pivotal step toward realizing Saudi Vision 2030, diversifying the national economy, and strengthening the Kingdom's position on the...
  • Sharjah records 361 percent growth in capital investment in H1

    Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during the first half of 2025, marking the strongest performance among all UAE emirates. In this time period the emirate recorded 74 FDI projects, a 57 percent surge from the 47...
  • As King Charles hosts Trump, what do UK state visits entail?

    London, United Kingdom - US President Donald Trump arrives in the UK late Tuesday for a state visit with his wife, Melania -- a rare privilege made at the invitation of King Charles III. These pomp-filled visits are organised at the recommendation of the British government to strengthen diplomatic, trade...
  • Over 1.4 billion accounts hacked monthly worldwide: Cyber Security Council

    Abu Dhabi, UAE --  The UAE Cyber Security Council (CSC) has warned of growing risks linked to users’ digital footprints, saying more than 1.4 billion accounts are hacked globally each month. The council said every login, post or interaction online leaves a trace that can be exploited. It identified two...
  • Palestinians flee Gaza City under Israeli bombardment

    Gaza City, Palestinian Territories -- Palestinian families streamed out of Gaza City on Sunday, some crammed into pick-up trucks, others on foot, as Israeli forces pressed their assault on the territory's main urban center. Parents carried their children while the elderly hobbled along, an AFP journalist reported. A man in...
  • Airbus, Leonardo and Thales reported moving towards European space firm

    Rome, Italy -- European aerospace firms Airbus, Leonardo and Thales could seal an accord this year to set up a joint satellite enterprise, a senior Airbus official told Corriere della Sera daily in an interview published Sunday. The three firms want to set up a satellite production entity to rival...
  • Market value of camels at Crown Prince Festival reaches $66 million

    Taif, Saudi Arabia -- The market value of the camels competing in the final rounds of the 2025 Crown Prince Camel Festival has approached SAR250 million ($66.6 million), with 100 camels participating. The seventh edition of the festival, organized by Saudi Camel Sports, began on September 2 under the patronage...
  • Iran says enriched nuclear material ‘under rubble’ of facilities hit during Israel war

    Tehran, Iran - Iranian Foreign Minister Abbas Araghchi said Thursday that enriched nuclear material remained "under the rubble" of facilities damaged during the recent war with Israel. "All of our material is... under the rubble of the bombed facilities," said Araghchi in a televised interview, adding that Iran's Atomic Energy...
  • oil

    Global oil supply hit record high in August: IEA

    Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production, with a looming surplus keeping prices in check, the International Energy Agency said Thursday. Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production...
  • Martian rocks offer clues that might indicate ancient life

    Washington, United States - Colorful, speckled rocks found on the surface of Mars have offered among the most encouraging evidence yet of ancient life on our neighboring planet, scientists at NASA announced Wednesday. The Perseverance Mars rover collected the "Sapphire Canyon" rock samples in July 2024 from what's thought to...
  • Musk’s title of richest person challenged by Oracle’s Ellison

    New York, United States - Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches. Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the...
  • MBZUAI, G42 launch K2 Think: Leading open-source system for advanced AI reasoning

    Abu Dhabi, UAE -- The Institute of Foundation Models at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and G42 today announced the launch of K2 Think, a leading open-source system for advanced AI reasoning. K2 Think embodies a new approach to building smarter, more efficient AI. With just 32...
  • Mistral cements AI lead in Europe with cash infusion

    Paris, France -- France's Mistral on Tuesday cemented its position as Europe's top AI hope against far larger US and Chinese competitors after a record fundraising round and a tie-up with chipmaking equipment heavweight ASML. The 1.7 billion euro ($2 billion) cash infusion values Mistral at 11.7 billion euros, double...
  • Ethiopia inaugurates Africa’s biggest dam, drawing Egyptian protest

    Guba, Ethiopia -- Ethiopia inaugurated the continent's largest hydroelectric project on Tuesday in what Prime Minister Abiy Ahmed called a "great achievement for all black people", but it drew a protest to the United Nations from downstream nation Egypt. The Grand Ethiopian Renaissance Dam (GERD), straddling a tributary of the...
  • UK publisher of Daily Express, Mirror tabloids announces job cuts

    London, United Kingdom - The British media group which owns the Daily Express and Daily Mirror tabloids on Monday announced 186 net job cuts across its publications, in what it said was its "biggest" ever shake-up. "Our new structure represents the biggest reorganisation we've ever undertaken, even more than in...
  • China’s Xi calls on BRICS countries to ‘resist all forms of protectionism’

    Beijing, China -- Chinese President Xi Jinping called on the 11-nation BRICS bloc to "resist all forms of protectionism" at a virtual leaders' summit on Monday. "We must uphold the multilateral trading system with the World Trade Organization at its core and resist all forms of protectionism," he said in...
  • Russia hits Ukraine govt offices in war’s biggest air attack

    Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices in Kyiv ablaze, an attack President Volodymyr Zelensky warned would prolong the war. Flames could be seen rising from the roof of the sprawling government complex that houses Ukraine's cabinet...
  • First India-Pakistan match since conflict fires up Asia Cup

    New Delhi, India -- A blockbuster between India and Pakistan headlines the Asia Cup starting on Tuesday as they face off for the first time in cricket since the military conflict in May. Along with regional bragging rights, the Twenty20 competition will serve as a build-up towards the T20 World...
  • AI giant Anthropic to pay $1.5 bn over pirated books

    San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over allegedly using pirated books to train its artificial intelligence models, according to court documents filed Friday. "This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin...
  • From hotels to high fashion, Armani’s luxury empire

    Milan, Italy - Giorgio Armani's death leaves a vacuum at the top of his billion-dollar luxury business, an independent empire he built up over 50 years spanning hotels to haute couture. Sprawling empire Born into a modest family in northern Italy, Armani, who died on Thursday aged 91, became one...
  • Gaza film at Venice targeted by hate campaign, director says

    Venice, Italy - At its premiere, a powerful new Gaza film at the Venice Film Festival sparked 23 minutes of sustained applause. But the next day hate emails flooded in, the director said Friday. "The Voice of Hind Rajab" from French-Tunisian director Kaouther Ben Hania is a strong contender for...
  • EU hits Google with $3.47 billion fine despite Trump threats

    Brussels, Belgium -- The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its own advertising services Friday, despite President Donald Trump's warnings not to target US big tech. Google immediately vowed to appeal the decision by the European Commission, which accused the US...