INSEAD Day 4 - 728x90

C3

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.
  • Brazil exhorts UNSC talks to de-escalate Israel-Hamas war

    Brazilian Foreign Affairs Minister Mauro Vieira has interrupted an Asia trip to travel "to New York to participate in a meeting of the United Nations Security Council, called by Brazil... to address the situation in the Gaza Strip," the ministry said in a statement.
  • UAE and US aim to speed up cooperation in clean energy, technology

    Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy, sustainable industrial development and advanced technology – areas where the UAE and US already share a successful track record. The discussion on the boosting of ties came up in a...
  • US wholesale prices rise more than expected in September

    Washington, United States - US wholesale prices rose more than expected in September, government data showed Thursday, as energy prices continued to climb. The producer price index (PPI) rose by 0.5 percent last month, building on August's 0.7 percent increase, according to data from the Labor Department. This was above the...
  • EU asks X and Meta to regulate fake news, disinformation

    Thierry Breton, EU commissioner and self-styled "digital enforcer", raised the alarm in letters sent to Elon Musk, owner of X, formerly known as Twitter, and Mark Zuckerberg, whose Meta group includes Facebook and Instagram.
  • Israel fires artillery after munitions launched from Syria

    "Soldiers are responding with artillery and mortar shells toward the origin of the launching in Syria," an Israeli military statement said, on the fourth day of a war with Gaza-based Hamas militants that has sent regional tensions soaring. The military said there had been "a number of launches from Syria...
  • UAE to sign six more CEPAs by year end: Al Zeyoudi

    Dubai, UAE--The UAE will sign six new comprehensive economic partnership agreements (CEPA) with South Korea, Thailand, Chile, Costa Rica, Colombia, and Ukraine over the next few months. This was revealed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, during a press conference to announce the...
  • Yellen urges more IMF, World Bank reforms for climate, poverty fight

    Benguerir, Morocco - US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already...
  • First wind turbines reach Saudi green hydrogen plant, says CEO

    RIYADH, SAUDI ARABIA - The first wind turbines have arrived at what Saudi officials bill as the world's biggest green hydrogen plant, in the futuristic NEOM megacity, the project's CEO told AFP on Tuesday. "This week, we have our first delivery of wind turbines. They actually arrived in the port of...
  • Red Sea International Film Festival to showcase 14 short films

    Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating in the event. The films include "Titanic", "Primetime Mother", "The Late Wind", "The Wait", "Solatia", "Dusk", "Suitcase", "Terra Mater - Motherland", "Eid Mubarak" and "The In Between". The third edition...
  • Major equity markets up, oil dips after surge on Israel-Hamas conflict

    "Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary," said analyst Craig Erlam at trading firm OANDA.
  • Saudi Arabia to host inaugural Traditional Architecture Gathering

    Diriyah, Saudi Arabia -- Diriyah Gate Development Authority (DGDA) Tuesday announced the inaugural edition of the 'Traditional Architecture Gathering' to be held in the UNESCO World Heritage Site At-Turaif, in Diriyah, The City of Earth, from October 24th to 30th. The event is themed 'Traditional Najdi Architecture,' and will bring...
  • IMF forecasts UAE GDP growth of 3.4% in 2023

    MARRAKESH, MOROCCO - The International Monetary Fund (IMF) has forecast that the UAE's real Gross Domestic Product (GDP) will grow by 3.4 percent in 2023 and 4 percent in 2024. The IMF's forecast is in line with that of the World Bank, which released a similar estimate two days ago. The...
  • Qatar urges the West to pressure Israel to stop attacks against Palestinians

    Dubai, UAE--Condemning Israel's relentless bombardment of the Gaza Strip, Qatar's top diplomat has urged Western countries to exert pressure on the Tel Aviv regime to immediately stop its attacks against Palestinians. According to Mehr News Agency, Qatari Foreign Minister Mohammed bin Abdulrahman bin Jassim Al Thani held talks over the...
  • Al Etihad Payments partners with NIPL to develop UAE Domestic Card Scheme

    ABU DHABI, UAE – Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), and NPCI International Payments Limited (NIPL), have announced a strategic partnership to develop the UAE’s first national Domestic Card Scheme (DCS). The agreement was exchanged between Saif Humaid Al Dhaheri, Assistant...
  • Volunteers search for Afghan quake survivors as aid trickles in

    Kashkak, Afghanistan--Afghan villagers and volunteers on Monday helped dig for survivors of a series of earthquakes that killed more than 2,000 people, as aid began trickling into the devastated region. Volunteers in trucks packed with food, tents and blankets flocked to hard-to-reach areas 30 kilometres (19 miles) northwest of Herat city,...
  • Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023

    DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 such projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments. Dubai continues to set new benchmarks in...
  • Minimum pension for Saudi social security beneficiaries up 20%

    Riyadh, Saudi Arabia -- Saudi Arabia's King Salman bin Abdulaziz Al Saud Sunday issued directives on raising the basic minimum pension for social security beneficiaries by 20 percent. Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are...
  • Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

    RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen, and supply chains. The MoU was signed by Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and India’s Minister of Power and New and Renewable...
  • Hotels in UAE generate revenues of US$7bn in first seven months, says minister

    ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of US$7 billion (AED 26 billion), said Abdullah bin Touq Al Marri, Minister of Economy and Head of the Emirates Tourism Council. The hotels witnessed a growth of up to 24...
  • Art exhibition showcases deep cultural ties between Kuwait and Oman

    Kuwait City, Kuwait--The art exhibition titled "Oman in the Heart of Kuwait" was inaugurated at the Kuwaiti Syndicate of Media and Artists on Saturday, emphasizing the deep historical and cultural ties between the Sultanate of Oman and the State of Kuwait. Oman's Ambassador to Kuwait, Saleh Al-Kharusi, who presided over...
  • UAE and Kyrgyzstan to boost renewable energy, transportation ties

    Bishkek, Kyrgyzstan--The UAE and Kyrgyzstan have discussed mechanisms to enhance joint cooperation in various fields, especially renewable energy, transportation, and logistics services in a meeting between Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Sadyr Japarov, President of the Kyrgyz Republic. The minister led a high-level UAE...
  • Seven civilians killed in Syrian government forces shelling

    Beirut, Lebanon - Shelling by government forces targeting several locations in rebel-held northwest Syria killed seven civilians including four children on Saturday, a war monitor said. The Damascus regime has been bombing opposition-held areas in apparent retaliation for an attack on a military academy graduation ceremony in Homs on Thursday...
  • Dubai Customs strengthens partnerships with courier firms to expand e-commerce

    DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities. It also aims at solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of the Emirate’s economic agenda. The meeting...
  • FAO raises its forecast for global cereal production in 2023

    ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production in 2023 to 2,819 million tonnes, now 0.9 percent higher than the previous year. The higher forecast is almost entirely based on recent and more positive yield estimates for the...
  • Circular economy is a critical pathway to build sustainable future: Almheiri

    Dubai, UAE-- Terming the circular economy as a critical pathway that builds a sustainable future by preserving natural resources, reducing waste, and promoting the conservation of resources at source, Mariam bint Mohammed Almheiri, Minister of Climate Change & Environment, emphasized that it not only promotes environmental sustainability but also presents...
  • UAE president and US senator discuss bilateral strategic alliance

    Abu Dhabi, UAE--UAE President Sheikh Mohamed bin Zayed discussed how to deepen strategic alliance with the US in a meeting with US Senator Joni Ernst of Iowa in Abu Dhabi on Friday. During the meeting at Qasr Al Shati, the two sides exchanged views on a number of regional and...
  • Dubai’s weeklong real estate transactions exceed US$2.5bn

    DUBAI, UAE -  A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during the week ending October 6, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 248 plots were sold for US$476 million ( AED...
  • Saudi Arabia’s Tabuk region produces over 28m roses annually

    TABUK, SAUDI ARABIA - The Tabuk region's agricultural sector is making steady progress towards achieving the goals of Saudi Arabia's Vision 2030. Tabuk region annually produces over 28 million flowers, including 17 varieties of roses. These flowers have a market value of over SAR32 million, making the region a leader...
  • ‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die

    Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab Emirates, the animal rights group PETA said on Friday. Activists in the oil-rich Gulf state said dozens of the cats had died, while some were rescued alive. PETA called on...
  • Russia to discuss revoking Comprehensive Nuclear Test Ban Treaty

    Moscow, Russia - Russia will soon discuss revoking the ratification of the Comprehensive Nuclear Test Ban Treaty, the speaker of the lower house of parliament said Friday. Vyacheslav Volodin made the announcement a day after President Vladimir Putin evoked the possibility of such a move, which could further escalate tensions between...
  • Aramco’s Luberef resumes bitumen exports after 20 years

    RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk carrier IANTHE last month, making it the first ever shipment of the oil byproduct from the Yanbu-based hub. The South Africa bound cargo also marks the resumption of bitumen exports...
  • Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

    RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej has concluded its participation in the Saudi-Brazilian International Aviation Conference held here from October 2 to 4.    Under the theme "Going Further Together", the conference saw several...
  • Luxembourg, EU’s richest country, grapples with housing crisis

    Luxembourg, Luxembourg -- Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying or renting a home in the country has made living there nearly impossible for some. The crisis has become the number one concern in the Grand Duchy of 660,000 people...
  • Saudi MATARAT inks pact with Brazil’s Union of Airports

    Rio de Janeiro, Brazil - The Saudi MATARAT Holding Company signed Wednesday a memorandum of understanding (MoU) with Brazil’s Union of Airports, which is the sole representative of all federal airports in Brazil. The agreement aims to enhance cooperation and integration between the two parties in aviation and airport management....
  • UAE President receives Speaker of Iranian Parliament

    Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament.  He was accompanied by Saqr Ghobash, Speaker of the Federal National Council (FNC). During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed...
  • Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023

    RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77 billion in the first nine months of 2023. March recorded the highest number and value of deals, as 18 transactions were executed at a total value of US$853 million. KSA...
  • Israeli forces kill two Palestinian fighters in occupied West Bank

    Tulkarem, Palestinian Territories - Israeli forces killed two Palestinian fighters in the occupied West Bank on Thursday, the Palestinian health ministry said, as the Israeli army confirmed its soldiers had been engaged in a shootout. The army also said five Israeli police officers were wounded by an explosive device in a...
  • Vietnam plans to auction rights to its largest rare earth mine

    Hanoi, Vietnam - Vietnam plans to auction the rights to exploit its largest rare earth mine, a project partner said Thursday, as the country looks to compete with China in a sector crucial to high-tech devices. A tender for the mining of the Dong Pao mine, in northern Lai Chau province,...
  • Qatar, Iran discuss cooperation in free zones, investment

    DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin Mohammed Al Sayed, met with Advisor to the Iranian President and Secretary of the Supreme Council of Free and Special Economic Zones in the Islamic Republic of Iran, Hojjatullah Abdul...
  • ADNOC awards two contracts for Hail and Ghasha Offshore Development project

    ABU DHABI, UAE – ADNOC on Thursday announced the final investment decision (FID) and award of contracts for the Hail and Ghasha Offshore Development project. The project aims to operate with net zero carbon dioxide (CO2) emissions, reinforcing ADNOC’s legacy of responsible energy production and supporting its Net Zero by...
  • Saudi Jisr raises $30m investment from Merak Capital

    Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment round worth 30 million US dollars (SR 112.5 million). This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East. The...
  • Turkish strikes on Kurdish targets kill two in Syria: monitor

    Turkey has also launched strikes on positions of the Kurdistan Workers' Party (PKK) in northern Iraq since Sunday, when two policemen were wounded in an attack in Ankara claimed by the PKK. Turkish Foreign Minister Hakan Fidan alleged the perpetrators of the attack had been trained in Syria and warned...
  • Saudi Heritage Commission unearths neolithic human activity traces in Jabal Irf

    Riyadh, Saudi Arabia--The Heritage Commission and the German Max Planck Institute (MPI) of Geoanthropology in the Green Arabia Project revealed one of the most significant sites of the prehistoric period near Jabal Irf in Hail region. The scientific team that participated in the project—including researchers and specialists from the Kingdom,...
  • Arab Development Establishment looks for JV partnerships in oil, gas sector

    Abu Dhabi, UAE-- The Arab Development Establishment (ARDECO) has revealed that it is in talks with several international companies in the oil and gas sector to establish joint ventures boosting Abu Dhabi's industrial base. Yousef Al Nowais, CEO of the Arab Development Establishment (ARDECO), said the joint ventures will help...
  • Turkey threatens to expand strikes in Iraq and Syria after Ankara attack

    A branch of the Kurdistan Workers' Party (PKK) -- listed as a terror group by Turkey and its Western allies -- claimed responsibility for the first bombing to hit Ankara since 2016.
  • Farmers turn to solar power in Syria’s former breadbasket

    Al-Haddadiya, Syria - At his farm in Syria's northeast, Abdullah al-Mohammed adjusts a large solar panel, one of hundreds that have cropped up over the years as farmers seek to stave off electricity shortages in the war-ravaged region. Solar energy has offered a lifeline for the farmers amid drought and power...
  • Iran plays down football spat with Saudi Arabia, says ties improving

    Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an Asian Champions League match, insisting relations with its longtime rival were improving. The row, over a statue of assassinated Revolutionary Guards commander Qasem Soleimani in the stadium in Iran's third...
  • UAE Vice President forms Board of Investment Corporation of Dubai

    Dubai, UAE - Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum has issued decree for the formation of the Board of Directors of the Investment Corporation of Dubai (ICD), chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of...
  • Jordan takes measures to cut effect of global crises on food security

    Amman, Jordan-- Jordan has taken measures to hedge against the impact of international crises on food security and lower its impact on families, local communities and the national economy of the kingdom. This was revealed by the kingdom's Minister of Agriculture Khaled Hneifat while speaking the 6th General Assembly meetings...
  • Al-Hilal of Saudi Arabia beats Iran’s Nassaji with hat-trick in AFC Champions League

    Riyadh, Saudi Arabia - Saudi Arabia's Al-Hilal FC achieved an important victory over its Iranian host, Nasaji Mazandaran, with three clean goals in the match on Tuesday at Azadi Stadium in the Iranian capital, Tehran, as part of the second round of the “fourth” group of the AFC Champions League....