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.
  • Tokyo, Japan -- An artificial intelligence tool that can detect tiny, hard-to-spot brain malformations in children with epilepsy could help patients access life-changing surgery quicker, Australian researchers said on Wednesday. It is the latest example of how AI, which can crunch vast amounts of data, is changing healthcare by assisting...
  • 10 killed as minibus plunges into ravine in Iran

    TEHRAN, IRAN - A minibus carrying mountaineers in Iran plunged into a ravine, killing 10 people, state media reported on Saturday. The accident occurred on Friday near the city of Varzaghan, in East Azerbaijan province, said the provincial emergency services spokesman, Vahid Shadinia, according to state news agency IRNA. The minibus...
  • Joint Jordanian-Yemeni Business Council to resume activities, says JCC

    AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General of the Federation of Yemen Chambers of Commerce and Industry (FYCCI) Taha Ahmed Mahbashi, mechanisms for activating work of the Joint Business Council. The Joint Business Council of the two...
  • NASA and SpaceX Dragon spacecraft blasts off to ISS

    Florida, US--NASA and SpaceX's Dragon spacecraft blasted off on Saturday carrying four astronauts to the International Space Station. The Crew-7 mission is commanded by American Jasmin Moghbeli and includes Andreas Mogensen of Denmark, Satoshi Furukawa of Japan and Konstantin Borisov of Russia. The Dragon spacecraft carried by a Falcon 9...
  • Saudi Arabia’s foreign trade rises to $172bn in a year

    Riyadh, Saudi Arabia - Saudi Arabia’s foreign trade soared to $172 billion last year, the Saudi Minister of Commerce and Chairman of the Board of Directors of the General Authority of Foreign Trade, Dr Majid Al-Qasabi said during the August 24-25 G20 Trade and Investment Ministers' meeting held in India...
  • Jordan secures US$1.9bn in foreign aid amid dire global economic conditions

    Amman, Jordan--Jordan has succeeded in securing US$1.9 billion in foreign aid and negotiations are underway to ramp it to $3.2 billion by the end of the year. Addressing Jordan's financial assistance at a forum convened by the government on the shores of the Dead Sea on Friday, Minister of Planning...
  • Saudi Arabia’s archeologists make ‘significant’ discoveries at Al Abla site

    Riyadh, Saudi Arabia--Saudi Arabia's Heritage Commission has announced significant discoveries made at the Al-Abla site in Asir region during the seventh season of archaeological excavation there. The new discoveries, including architectural features of residential and industrial units with gypsum-coated walls and floors, are an extension of previous discoveries over the...
  • Borouge’s PP5 unit generates $209m sales in H1 2023

    ABU DHABI, UAE - Borouge's Chief Operating Officer Dr. Hasan Karam has said the fifth polypropylene unit (PP5) played a significant role in H1 2023, contributing US$209 million (AED767 million) representing 22 percent of the company's propylene sales and 10 percent of our overall turnover. In a statement to the...
  • Liverpool manager dismisses suggestions Salah could leave for Saudi club

    LIVERPOOL, UK - Liverpool manager dismissed suggestions on Friday that Mohamed Salah could become the latest star name to depart European football for Saudi Arabia. According to reports, Al-Ittihad are trying to lure the Egyptian to the Gulf state with a huge salary offer that would rival the deals that enticed...
  • Algerian, South African ministers discuss ways to boost economic cooperation

    JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to enhance economic cooperation between the two countries. During the meeting on Thursday, the two ministers discussed the available opportunities to enhance trade exchange and joint investment, with the aim of...
  • Al Yahyai is president of Regional Group 7 of International Equestrian Federation

    Sharjah, UAE – Sultan Mohammed Khalifa Al Yahyai has been elected president of the Regional Group 7 of the International Equestrian Federation. The International Equestrian Federation conducted the elections virtually where Al Yahyai won 10 votes. “The UAE's election to the presidency of the International Equestrian Federation's Regional Group 7...
  • Iran’s BRICS membership to strengthen group, says XI

    TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the trend of multilateralism especially within the framework of BRICS. Iranian President Ebrahim Raisi held talks with his Chinese counterpart Xi Jinping on the sidelines of the BRICS+ Summit on Thursday to...
  • Vignettes from first US election debate in Republican party

    MILWAUKEE, US - A crowded stage of talkative Republican politicians produced a messy debate in the race to be the party's presidential candidate, and also it created a few moments of surprise and curiosity.    The Trump tie? Donald Trump may have turned down his invitation to join the debate, but...
  • Dubai Chambers saves water, works on sustainability agenda

    DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres of water between June 2022 and June 2023, equivalent to 3,822 five-gallon bottles. The savings were achieved as part of the chambers’ participation in ‘Dubai Can’, a sustainability initiative launched...
  • Greek firefighters struggle to control wildfires for sixth day

    Athens, Greece--Hundreds of firefighters in Greece struggled Thursday to gain the upper hand against major wildfires burning unchecked for a sixth day, leaving 20 dead. A dangerous blaze continued to burn on Mount Parnitha near Athens, in the largest forest adjoining the capital, threatening a national park for a second day....
  • Egypt reports drop in unemployment rate in Q2 of 2023

    Cairo, Egypt--Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of 2023, according to the country's statistics agency CAPMAS report on Tuesday. More than two million Egyptians were without a job, including 1.2 million men and 941,000 women, the data revealed, adding that 61.8...
  • Erdogan and Putin likely to discuss Africa flour supply deal: Report

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are likely to discuss a deal on supplying Russia's flour to African countries, according to TASS. "Both leaders spoke earlier about plans to process Russian grain into flour in Turkey and sending it to the poor nations...
  • Schools shut in Makkah region after heavy storms and downpour

    The meteorology center warned of further storms on Wednesday bringing rain, wind and thunder to the Mecca region and elsewhere in western Saudi Arabia.
  • One fourth of all investors in state securities have left Russia: Minister

    Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due to sanctions, Russia's Finance Minister Anton Siluanov said at a meeting of the Council for strategic development and national projects headed by President Vladimir Putin. "We see that a considerable...
  • Wildfire briefly halts marine traffic on Turkish strait

    The fire forced the evacuation of a local university and closure of a highway running through the blaze. The Turkish coast guard reopened southbound traffic along the strait after more than two dozen aircraft managed to largely contain the blaze by Tuesday night.
  • Saudi Arabia and Germany discuss cooperation in industrial, mining sectors

    Riyadh, Saudi Arabia  -  Saudi Arabia and Germany have decided to strengthen cooperation in the industrial and mining sectors.   A delegation from Saudi Arabia's Ministry of Industry and Mineral Resources, led by Eng. Fares Al-Saqaabi, the Undersecretary of the Ministry for Human Capacity Development, engaged in a series of productive...
  • Iran ready to boost military ties with Russia: General Heidari

    Tehran, Iran-- Iran will boost military cooperation with Russia as the two countries look to strengthen strategic partnership. According to the commander of the Iranian Army's Ground Force Brigadier General Kioumars Heidari, "the Iranian army is ready to boost military cooperation with Russia." Heidari made the remark in a meeting...
  • Dubai Customs foils two attempts to smuggle 171,600 pills

    DUBAI, UAE - The Customs Intelligence Management within Dubai Customs has successfully thwarted two separate attempts to smuggle controlled drugs and restricted medications via air shipments into the country. The total haul amounted to 171,600 pills and these operations underscore the department's resolute stance against illicit activities. In the first...
  • Facebook and Instagram users in Europe to have greater viewing control

    One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and Instagram the option to view different types of content not based on profiling, a requirement under the EU's Digital Services Act (DSA).
  • Ajman H1 real estate transactions increase by 15 percent to $1.95bn

    Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first half of 2023, according to data released by the emirate's Department of Lands and Real Estate Regulation. Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real...
  • Iran exports non-oil products worth $2.9bn to Iraq in four months

    Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the current Iranian calendar year, an official with the Trade Promotion Organization of Iran (TPOI) said, adding that the country’s export to Iraq will reach $10.5 billion by the yearend. Iran’s...
  • Kuwait looks to boost cooperation with WHO in ‘all health services’

    Kuwait City, Kuwait-- Kuwait is looking to strengthen cooperation with the World Health Organization in all health services, according to the oil-rich country's Health Minister Dr. Ahmed Al-Awadhi. According to Kuwait News Agency, the minister met with Dr. Hanan Balkhy, assistant director for antimicrobial resistance at the WHO, to discuss...
  • Qatar partners with African Civil Aviation Commission to boost cooperation

    Nairobi, Kenya--African Civil Aviation Commission (AFCAC) and Qatar have signed a partnership agreement to strengthen cooperation in the aviation field. This came during the activities of the 8th Africa and Indian Ocean (AFI) Aviation Week, organized by the AFCAC in cooperation with the International Civil Aviation Organization (ICAO) in Nairobi,...
  • UAE stocks generate strong cash flows as IHC stands out

    Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and closed at AED400.6, following more than $59.14 million worth of transactions. Multiply Group gained $43.75 million in liquidity, closing high at AED3.670. Emirates Insurance Company (EIC) was the best performer...
  • Syrians rally against poor economic conditions in government-held areas

    Beirut, Lebanon - Hundreds of demonstrators took to the streets again on Monday in Syria's southern city of Sweida, local media and an activist reported, as dire living conditions stoke discontent in regime-held areas. Days of rare protests have erupted in the south after the government lifted fuel subsidies last week,...
  • Dubai International Chamber event explores trade ties China’s Wuxi

    Dubai, UAE - Dubai International Chamber hosted a B2B event during the Wuxi – Dubai Economic & Trade Exchange Conference to explore business and investment opportunities between Dubai and Wuxi City. The event was organized in partnership with the Wuxi Municipal Government and Wuxi National High-Tech Industrial Development Zone. It...
  • Did not hear any noise from global organizations on journalist Dugina’s death, says Russia

    MOSCOW, RUSSIA - Russia still has not heard any reaction from international organizations regarding the assassination of journalist Darya Dugina as well as other ‘atrocities’ committed against media representatives, Foreign Ministry spokeswoman Maria Zakharova said on Sunday. "A year after the tragic death of Darya Dugina we have not heard...
  • Abu Dhabi Chamber inks MoU with Ethiopian Investment Commission

    ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry has signed a Memorandum of Understanding with the Ethiopian Investment Commission (EIC) to foster the robust economic collaboration between the two sides. The MoU also aims to establish a framework for cooperation that advances trade, investment and economic...
  • Algeria party leader criticises UAE’s regional role

    Algiers, Algeria - Abdelkader Bengrina, the leader of Algeria's National Construction Movement and a member of the government coalition, has reiterated his criticism of the United Arab Emirates' (UAE) involvement in the Maghreb and Sahel region, citing concerns over the tensions it creates for Algeria. Speaking during the National Symposium...
  • Israeli woman shot dead in West Bank attack: medics

    The incident comes two days after an Israeli father and son were gunned down at a car wash in the town of Huwara, also in the West Bank, amid rising violence in the territory. The Magen David Adom emergency service said in a statement that a woman was "confirmed dead"...
  • India keen to finalize Chabahar port development pact with Iran

    Tehran, Iran - Indian prime minister Narendra Modi has expressed his eagerness to expedite the completion of the port at Chabahar, a strategic port city in Iran's southeastern region. Talking to Iranian president Ebrahim Raisi on the phone, Modi hailed the bilateral cooperation between the two nations and emphasized the...
  • Jordan scuttles attempt to smuggle drugs from Syria

    Amman, Jordan--Jordanian security forces have scuttled an attempt to smuggle narcotics from Syrian territories to Jordan. According to the Jordan News Agency, Petra, the border guards, in coordination with the Anti-Narcotics Department and other military apparatuses, thwarted an attempt by a group of smugglers who tried to cross the Syrian-Jordanian...
  • Iran-China bilateral relations moving forward in right direction: FM

    Tehran, Iran--Iran-China bilateral relations and the 25-year strategic cooperation program between the two countries are moving forward in the right direction, according to the Iranian Foreign Minister Hossein Amir-Abdollahian. In a telephone conversation between the foreign ministers of the Islamic Republic of Iran and the People's Republic of China, the...
  • Iran-European Union trade reaches $2.5 billion in first half of 2023

    Tehran, Iran -- Trade between Iran and the European Union member states reached 2.3 billion euros ($2.5 billion) in the first half of 2023, according to Statistical Office of the European Union (Eurostat). Trade between Iran and Germany accounted for half the value, Tasnim News Agency reported, adding the Iran-EU...
  • 25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia

    Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25 national teams. These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant. The inauguration...
  • Saudi Arabian Crown Prince launches KAUST’s new strategy

    RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board of Trustees, launched on Sunday a new strategy of the university. The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development,...
  • UAE beat New Zealand to win second T20 match

    Asif Khan finished off the job with an unbeaten 48 as he smacked New Zealand skipper Tim Southee for three boundaries in the 16th over to seal a famous victory with 26 balls to spare. Mark Chapman's 63 was the standout contribution in New Zealand's 142-8.
  • Indonesia president to participate in BRICS summit in South Africa

    Jakarta, Indonesia--Indonesian President Joko Widodo departed for South Africa on Sunday to attend the BRICS summit in Johannesburg amid speculation that the country could join the group as its latest member. The meeting, which brings together major emerging economies countries led by Brazil, Russia, India, China, and South Africa, will be...
  • Tens of thousands of Canadians flee homes as wildfires spread

    Prime Minister Justin Trudeau said he had spoken with British Columbia Premier David Eby about the "rapidly evolving and incredibly devastating wildfire situation" and pledged federal resources in responding to the disaster. Blazes far away in the neighboring Northwest Territories have meanwhile prompted the evacuation of regional capital Yellowknife, leaving...
  • Iran-China cooperation at its best in various fields: envoy

    Tehran, Iran-- China's ambassador to Iran has affirmed that his country's cooperation with Iran is at its best in various fields, voicing hope that both sides will further improve ties. Chang Hua made the remarks in a Saturday meeting with the governor of the northwestern Iranian province of West Azarbaijan...
  • Football fever hits rebel-held northwest Syria

    Idlib, Syria - Thousands of fans in Syria's last opposition bastion have packed into a stadium for the frenzied final of a football cup -- an escape valve amid years of conflict and misery. "I'm really happy today," said Mohammed al-Zeer, 28, from the northwestern city of Idlib. "Between the war...
  • Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

    ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the historical relations between the two countries have witnessed remarkable progress over the past few years. This reflects the distinguished friendship between the leaderships of the two countries, and the exchange...
  • Morocco king turns 60 as challenges abound in kingdom

    The monarch is credited with effectively maintaining stability in a volatile region -- in part through suppressing criticism -- as well as modernising the economy and pursuing assertive diplomacy. But his efforts have fallen short in addressing the profound inequalities that continue to plague Moroccan society.
  • BBC, Guardian journos among 54 UK citizens in Russia’s stop-list

    Moscow, Russia - Moscow has expanded its stop-list as a retaliatory measure barring 54 UK citizens from entering Russia, the Russian Foreign Ministry said, quoted by Russian news agency TASS. The list now includes Lucy Frazer, UK secretary of state for digital, culture, media and sport, "who is promoting Russia’s...
  • United States beat Greece in basketball World Cup warm up in Abu Dhabi

    The United States exploded off the blocks, opening up a 13-point gap on the Greeks six minutes into the first quarter. Despite questionable turnovers during patches of the game, the USA were a class apart as they extended their perfect record in World Cup tune-ups to 4-0 in games played...
  • UAE’s investments in Ethiopia touch US$2.9bn as non-oil trade expands

    Abu Dhabi, UAE-- As the UAE President Sheikh Mohamed bin Zayed visits Ethiopia to strengthen relations with the African country, the non-oil trade between the two nations has expanded to US$1.4 billion in 2022. According to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, the UAE’s...