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.
  • Paris, France -- Saudi side Al Ittihad sacked manager Laurent Blanc on Sunday in the wake of a 2-0 defeat to Cristiano Ronaldo's Al Nassr. Blanc's assistant Hassan Khalifa will take over as caretaker coach until further notice, Al Ittihad announced on social media with the club third in the...
  • Saudi CST urges public for feedback on ‘space use plan’ for frequency spectrum

    Riyadh, Saudi Arabia--The Communications, Space and Technology Commission (CST) has urged the public to provide their views on its space use plan for frequency spectrum, aiming at enabling space radio services, studying the most critical trends and needs of manufacturers, operators and users. Besides it will ensure optimal use of...
  • Russian foreign minister to lead delegation at UN General Assembly

    MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of the United Nations General Assembly (UNGA). It will be led by Foreign Minister Sergey Lavrov. The delegation also includes Deputy Foreign Minister Sergey Vershinin, Chairman of the Federation Council’s Committee...
  • India cricket board earns nearly $300 million from 2022 IPL

    New Delhi, India -- India's cricket board banked nearly $300 million from last year's iteration of its Indian Premier League, newly published financial documents have revealed. The Board of Control for Cricket in India (BCCI) is one of the richest governing bodies in global sport, owing largely to the runaway...
  • WHO’s maiden traditional medicine summit opens in India

    "WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and equitable use of traditional medicine", WHO chief Tedros Adhanom Ghebreyesus said as he opened the summit.
  • Sharjah records real estate deals worth $517 million in July

    Sharjah, UAE -- Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department. The department executed a total of 2,783 transactions, including 684 sales transactions across 96 areas in various regions of the emirate and...
  • Saudi Arabia executes US national convicted of killing Egyptian father

    The death sentence for Bishoy Sharif Naji Naseef was carried out in the Riyadh region, the official Saudi Press Agency said. The Gulf kingdom is frequently criticised for its prolific use of capital punishment, which human rights groups say undermines its bid to soften its image through a sweeping "Vision...
  • Dubai leverages AI robots in testing construction materials

    Dubai, UAE - Dubai has started using robots that employ X-Rays and other latest AI technologies to carry out automated chemical analysis and tests on various types of cement and other construction materials. The cement testing services are linked to a smart platform for laboratory testing services in Dubai Central...
  • Economists convened by COP28 lay out steps to reform global climate finance

    ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has stated the next steps needed to establish a new framework for international climate finance and to drive progress at COP28 and beyond to COP29 and COP30. World-leading economists from the...
  • 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...
  • RAKEZ

    Chinese firms look to expand business in Ras Al Khaimah

    Ras Al Khaimah, UAE - Chinese companies are seeking business opportunities in the Ras Al Khaimah Economic Zone (RAKEZ) as they plan to navigate the business landscape and strategic investment opportunities in the UAE. Post its successful business tour to major Chinese cities earlier this year, the economic zone hosted...
  • Syrians bank on smugglers on their treacherous journey to Europe

    Twelve years after conflict broke out when President Bashar al-Assad repressed peaceful pro-democracy protests, Syrians are still trying to escape a war that has killed more than 500,000 people. At least 141 Syrians were among up to 750 migrants thought to have been on a trawler that set off from...
  • Jordan exhorts ‘companies, institutions’ to switch to renewable energy

    Amman, Jordan--Jordan is urging "companies and institutions" to switch to renewable and sustainable energy to reduce operating costs. In this regard, the kingdom's Minister of Energy and Mineral Resources Saleh Kharabsheh said Tuesday opportunities exist for cooperation to cut energy consumption across various sectors through implementing programs similar to those...
  • Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%

    Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 319 percent. Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days. The expected...
  • DP World boosts global supply chain resilience with major capacity expansion

    DUBAI -- DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much needed infrastructure and capacity to boost global supply chain resilience. The global trade enabler currently manages approximately 9 percent of the world’s handling...
  • Dubai Chamber of Commerce achieves 46.7% success rate in mediation cases

    DUBAI -- The Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during the first half (H1) of 2023. Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7...
  • Aid agencies exhort immediate action on war-torn Sudan

    Geneva, Switzerland--Four months into Sudan's conflict, the situation is spiraling out of control, with mass displacement and millions on the verge of famine, humanitarian organizations warned on Tuesday, urging immediate international action. Since Sudan's conflict erupted on April 15, the country has been plunged into a humanitarian crisis, with more than six...
  • Oman LNG signs gas-export deal with Germany’s SEFE

    Muscat, Oman-- Oman LNG has signed an agreement with Securing Energy for Europe (SEFE) to supply 400,000 tonnes of liquefied natural gas a year from 2026. According to Oman News Agency, the agreement with the German company is based on a four-year contract. “The term-sheet signing with SEFE marks another...
  • Two UAE astronauts conduct spacewalk training at NASA’s neutral buoyancy lab

    Houston, United States - As part of NASA’s 2021 astronaut candidate class training programme, Emirati astronauts Nora Al Matrooshi and Mohammad Al Mulla conducted spacewalk training at NASA's Neutral Buoyancy Laboratory (NBL) at the Johnson Space Centre in Houston, Texas. Following the recent series of demanding exercises including survival training...
  • Turkey broadens grain deal talks ahead of Putin-Erdogan meet

    Ankara, Turkey -- Turkey intensified talks with Ukraine, the United States, and the European Union on the grain deal in preparation for a possible meeting between Turkish and Russian Presidents Tayyip Erdogan and Vladimir Putin, TASS reported. "The Ministry of Foreign Affairs, the Ministry of Defense, and the Ministry of...
  • International Military Forum Army-2023 opens in Moscow

    MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent Russian companies of the military-industrial complex will present their products and 85 foreign companies and organizations from seven countries will also participate in the forum, TASS news agency reported. According...
  • Oil prices slide 1% on strong dollar, China economy worries

    Dubai, UAE--Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. Brent crude futures fell $1.07, or 1.2%, to $85.74 a barrel by 0631 GMT while U.S. West...
  • Syria claims US responsible for military escalation in country

    BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the Islamic State (outlawed in Russia) intensified their activities recently, the Syrian Arab Republic’s foreign ministry said. "US forces are sponsoring terrorists, who are responsible for the August 10 ambush on...
  • In favor of Iran joining BRICS, says South Africa

    TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian Foreign Minister Hossein Amir Abdollahian. "South Africa is interested in Iran being accepted as a friendly country by the BRICS," Ramaphosa said as quoted by Mehr News. The South African...
  • Iraq restores Telegram app after week-long ban over data violations

    Baghdad, Iraq--Iraq has restored access to the popular messaging app, Telegram, on Sunday after a week-long ban. The ban, which took effect on August 6, was enforced after concerns arose regarding breaches of national security. The government cited the leaking of state-owned private documents and the protection of citizens' personal...
  • QCB to grant licenses to website providers for comparing prices of insurance policies

    Doha, Qatar--Qatar Central Bank (QCB) has exhorted companies willing to work in providing website services to compare prices of insurance policies to promptly submit applications to receive the required license from the bank. In a statement on Saturday, QCB outlined that this announcement comes in alignment with financial sector and...
  • Battered by war, Sudanese start small businesses to survive

    Until April 15, when the conflict erupted between the army headed by General Abdel Fattah al-Burhan and Mohamed Hamdan Daglo's paramilitary Rapid Support Forces, Seif had worked at a Khartoum university. Now the engineering lecturer and his family live in Wad Madani, In order to survive, he has started selling...
  • Cristiano Ronaldo’s goal propels Al-Nassr to win King Salman Club Cup

    Taif, Saudi Arabia-- Cristiano Ronaldo led his team to victory as Al-Nassr FC won the 2023 King Salman Club Cup for the first time in its history, defeating Al-Hilal 2-1 on Saturday evening The team lifted the title after extra time despite playing for more than an hour with just...
  • Two dead as Europe bound migrant ship capsizes off Tunisia

    Tunis, Tunisia - At least two Tunisians including a baby died when their Europe-bound boat sank Saturday off the North African country's southeastern shores, the coastguard said, adding five others were missing. The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach...
  • Cage fight with Zuckerberg will be in Italy, says Musk

    WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event." While any showdown between the two tech titans has yet to be officially confirmed, Musk said on Friday on his X...
  • EDGE signs agreement with Turbomachine to jointly build engines

    Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and propellant fan, for EDGE portfolio of UAVs and missiles. The agreement will see EDGE and Turbomachine work closely together on the development of engines, including turbofan and propellant fan, for...
  • Israeli troops shoot Palestinian dead in occupied West Bank

    Israel has occupied the West Bank since 1967 and its forces regularly make incursions into Palestinian communities.
  • Iraq’s apex bank introduces new exchange categories for dollar sales to travelers

    BAGHDAD -- The Central Bank of Iraq has introduced three distinct categories of exchange companies dedicated to selling dollars to travelers. The move comes alongside the revelation of a new proposal concerning the import of goods via border crossings. Furthermore, the bank has hinted at forthcoming decisions next week, which...
  • Kuwait bars Barbie movie from theatres citing ‘public ethics’

    Kuwait City, Kuwait - Kuwait has barred hit film Barbie from cinemas over concerns about "public ethics", officials have said, also confirming a separate ban on a horror movie featuring a transgender actor. Barbie and Talk to Me both "promulgate ideas and beliefs that are alien to the Kuwaiti society and...
  • US, Iraq strengthen security ties; vow to defeat ISIS; set up military commission

    WASHINGTON – The United States and Iraq pledged to boost security cooperation, regional stability, and the shared interest in Iraq's sovereignty. The Iraqi Ministry of Defense and the U.S. Department of Defense (DoD) were holding the inaugural US-Iraq Joint Security Cooperation Dialogue in Washington, D.C. The two-day dialogue witnessed the...
  • US accuses Sudan of threatening to expel UN mission

    United Nations, United States--The United States on Wednesday accused Sudan of having threatened to expel the United Nations mission from the war-torn country if the UN envoy, already in Khartoum's crosshairs, speaks before the Security Council on the atrocities of the conflict. During a session devoted to Sudan and South Sudan,...
  • Black Cobra signs MoU with NFFSP to make military footwear in MENA region

    Abu Dhabi, UAE--Black Cobra Military Supplies (BCMS) and the National Factory for Safety and Security Products (NFFSP) have signed a memorandum of understanding (MoU) to design and manufacture military footwear for the MENA region. Facilitated and supported by the Emirates Defence Companies Council (EDCC), the agreement aims to offer a...
  • World’s largest cruise ship all set to sail

    TURKU, FINLAND - With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship. Royal Caribbean's luxurious new vessel Icon of the Seas is nearing completion in the Turku shipyard...
  • Russia blames Poland, Finland for ‘threats’ on western border

    Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats" on Russia's western frontier from NATO members. Poland, Ukraine's staunch ally and neighbor, has strengthened security on its border with Belarus after Minsk became a new base for Russian Wagner...
  • Japan’s second-oldest museum forced to crowdfund to pay bills

    The museum in central Tokyo, which features a model of a blue whale outside, has previously turned to crowdfunding for three smaller projects, but the 100-million-yen goal was "the highest ever" for the institution, the head of the museum Shinoda said.
  • West must keep ‘promises’ on Ukraine grain deal: Erdogan

    Ankara, Turkey--Turkish President Recep Tayyip Erdogan said Tuesday that the revival of a deal with Russia to allow Ukrainian grain exports, brokered by Ankara and the UN, "depends on Western countries which must keep their promises". "I think a solution can be found," Erdogan added, referring to a recent telephone...
  • Russia to continue to enhance military cooperation with Iran: Ryabkov

    Tehran, Iran-- In a defiant posture toward the West, Russia has declared that it will continue to enhance military cooperation with Iran, despite what it termed as enemies' opposition to the ties between the two countries. Deputy Foreign Minister of Russian Federation Sergei Alexeyevich Ryabkov said that the military cooperation...
  • Oman Air approves restructuring program to lower rising debt

    Muscat, Oman--Looking to address its mounting debt, Oman Air has backed a restructuring program to reduce its losses by 15 percent in the ongoing fiscal year while aiming to reach a break-even point by 2026.   The airline in May made a forecast of reducing its net loss by a further...
  • Sharjah Business Women Council connects 500+ women to UAE’s business ecosystem in H1 2023

    Sharjah, UAE - It's been a busy start to the year for members of the Sharjah Business Women Council (SBWC), who have made big leaps in their journeys of learning and business networking.  SBWC has a member community of 2,000+ business women and aspiring entrepreneurs. From organising introductory meetings across...
  • Boeing looks to get Starliner spaceship ready to fly by March

    Right now, based on the current plans, we're anticipating that we're going to be ready with the spacecraft in early March," said Mark Nappi, Boeing vice president and program manager of the Starliner program. He added that the actual launch date would depend on constraints in the space calendar and...
  • ADQ ties up with Dutch firm to set up greenhouse at AgTech Park in KEZAD

    Abu Dhabi, UAE-- In a boost to the UAE's effort to secure self-sufficiency in the food sector, ADQ has partnered with Safe Haven Solutions, a Netherlands-based climate-smart agriculture solution provider, to construct a high-tech greenhouse at ADQ’s AgTech Park in KEZAD. The automated 10-hectare facility will leverage advanced agricultural technology...
  • Peace settlement possible if Ukraine stops fighting, says Russia

    Moscow, Russia - Russia said Monday a peace settlement with Ukraine was only possible if Kyiv put down its arms, after talks were held in Saudi Arabia over the weekend without Moscow's participation. Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace...
  • Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

    Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to a G7 member country by the Islamic republic's top diplomat. The purpose of the visit by Hossein Amir-Abdollahian to the current chair of the G7 was not announced, but reports...
  • Kuwait bars film from screening for showing trans actor

    The film titled 'Talk to Me' features Australian actor Zoe Terakes. (AFP)
  • Saudi-hosted talks on Ukraine war end with resolve to continue efforts for peace

    Jeddah, Saudi Arabia-- More than 40 representatives of countries from around the world gathered in Jeddah, pledging to continue holding consultations that could pave the way for peace in Ukraine and end the deadly war. A meeting was held in Jeddah for national security advisors and representatives from over 40...
  • Jordan-Egypt trade expands to US$355.43m in first five months of 2023

    Amman, Jordan--Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to official figures. However, foreign trade data issued by the Department of Statistics (DoF) indicated that the national exports to Egypt in the first five months of 2023 dropped to reach...