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.
  • San Francisco, United States -- On a summer evening in San Francisco, JT Mason went to dinner with five complete strangers, confident he would have a good time thanks to careful guest selection by a new type of app for meeting people. The platform, called 222, promises something different than...
  • Dubai Municipality unveils new online system for building permits

    Dubai, UAE-- Seeking to enhance the emirate's position as a global pioneering city in adopting the latest technology in the building sector, Dubai Municipality has launched a new online system for building permits and control services aimed at streamlining procedures for customers in the emirate. The system is aligned with...
  • PIF sets up firm Badael to curb tobacco use in Saudi Arabia

    RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and distribute innovative products targeted to reduce smoking prevalence and promote healthier lifestyles by offering tobacco-free and less harmful alternatives.   The initiative, in the run-up to the World Health Organization...
  • UAE Ministry of Interior, Etihad Rail ink MoU to enhance cooperation

    ABU DHABI, UAE - The UAE Ministry of Interior (MOI) and Etihad Rail Company, the developer and operator of the country's national railway network, have signed a Memorandum of Understanding (MoU) to enhance cooperation and strategic coordination between them. The MoU was signed by Under-Secretary of the Ministry of Interior...
  • Sudan refugees tread difficult path on way to safety in Egypt

    Sudanese who cross into Egypt's south must then buy a bus ticket to take them to the nearest major city, Aswan, around 200 kilometres north of the border. They are greeted there by volunteers who offer a hot meal -- the first for many since embarking on the perilous desert...
  • Iran shows off new ballistic missile designed to carry 1,500 kg warhead

    Tehran, Iran--Iran has displayed a new long-range missile capable of carrying 1,500 kg warhead with the capacity to hit targets 2,000 kms away. Iranian armed forces unveiled their latest model of ballistic missiles dubbed "Khorramshahr-4 long range strategic missile" in a ceremony on Thursday morning in the presence of defense...
  • Iran seeks economic integration and multilateralism: Raisi

    Tehran, Iran-- Iran seeks economic integration and multilateralism in international relations, according to the Islamic Republic's President Ebrahim Raisi. The president made the remarks upon his arrival in Tehran, returning from Indonesia after a two-day visit there. "Our relationship with different countries is based on regionalism and neighborhood policy," he...
  • Upcoming Jewels of Emirates Show set to be largest in its history

    Sharjah, UAE - The upcoming fourth edition of the Jewels of Emirates Show, the UAE’s first of its kind showcasing diamond jewelry, gold, silver, and luxury watches, is set to become the largest in the event's history. Sharjah Expo Centre has organized the event scheduled to run from June 1-4,...
  • China scammer uses AI to pose as man’s friend, steal millions

    The victim, surnamed Guo, received a video call last month from a person who looked and sounded like a close friend. But the caller was actually a con artist "using smart AI technology to change their face" and voice, according to an article published Monday by a media portal associated...
  • Netflix widens password-sharing crackdown worldwide

    As growth at Netflix cooled last year, the Silicon Valley-based streaming giant set out to nudge people watching for free with shared passwords to begin paying for the service without alienating subscribers. The launch of an ad-subsidized offering around the same time as a crackdown on password sharing is no...
  • SEDD designates specific areas to run auto spare parts business

    Sharjah, UAE--In order to create a competitive and diversified economy, the Sharjah Economic Development Department (SEDD) has reorganized many economic activities to be conducted in certain areas. This amendment comes in line with the economic vision of the government of Sharjah to achieve well-being and prosperity for citizens and residents....
  • Honda to supply Aston Martin engines from 2026

    The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings. That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made...
  • Al Dahra Group signs supply agreement with Estonian firm Golden Fields

    Riga, Latvia--Al Dahra Group has signed a supply agreement with Golden Fields, an Estonian agriculture company specializing in the production of premium quality animal feed grown in the Baltic region. At an event in Riga attended by government officials, farmers, and businesses from Lithuania, Latvia and Estonia, Al Dahra Group...
  • Month after predicting contraction, IMF expects UK economy to grow

    The IMF said the 2023 upgrade reflected "higher-than-expected resilience" in both demand and supply, alongside improved confidence in reduced post-Brexit uncertainty as well as lower energy costs.
  • SCCI discusses trade with Guatemalan, Indonesian delegations

    SHARJAH, UAE -   The Sharjah Chamber of Commerce and Industry (SCCI) has discussed strengthening trade and economic ties with diplomatic delegations from Guatemala and Indonesia. The discussions focused on amplifying bilateral relations in industry, agriculture, food security, livestock and broadening trade exchanges and organizing events to promote local products and...
  • Biden-McCarthy ‘productive’ debt ceiling talks fail to uplift markets

    After their latest get-together on Monday, the Republican Speaker said: "I felt we had a productive discussion. We don't have an agreement yet, but I did feel the discussion was productive in areas (where) we have differences of opinion." He added that negotiators would "work through the night" to move...
  • UAE institutional investors should focus on transition investment: NYUAD report

    Abu Dhabi, UAE-- In order to advance the United Nations Social Development Goals, the UAE institutional investors should concentrate on transition investment, taking advantage of their access to emerging markets. This is the conclusion of a NYU Abu Dhabi (NYUAD) report. The annual report "Transition Investment Lab (TIL)" was launched...
  • What’s next for Syria after Assad’s regional comeback?

    Beirut, Lebanon -- Syrian President Bashar al-Assad has returned to the Arab fold after more than a decade of isolation, eyeing reconstruction and aid from formers foes as the conflict grinds on. Since the brutal civil war broke out in 2011, it has killed more than 500,000 people, displaced millions and...
  • Sharjah event discusses anti-money laundering practices

    SHARJAH, UAE - Sharjah Economic Development Department (SEDD) organized multiple workshops for legal purposes and a number of investors and owners of economic establishments operating in the emirate attended the events. The workshops were on “Real Beneficiary Procedures and their Administrative Penalties” as well as “Anti-Money Laundering Procedures, Required Documents...
  • UAE Investors Council, EECB sign MoU to boost partnerships

    Cairo, Egypt - The UAE International Investors Council (UAEIIC) and Egyptian-Emirati Business Council (EEBC) will work together to enhance the existing investment partnerships, local media reports said. The two signed an MoU regarding the same, which also includes creating more investment opportunities in the new economy, green projects, recycling, clean...
  • Leading games developer MY.GAMES makes Abu Dhabi its MENA base

    Abu Dhabi, UAE - AD Gaming has expanded its gaming ecosystem by welcoming MY.GAMES to Abu Dhabi, marking the latest multinational gaming business to select the emirate as its regional hub. Headquartered in Amsterdam, MY.GAMES is a leading publisher and developer of mobile, PC, and console games, with over one...
  • Norwegian delegation in Abu Dhabi discusses legal issues with ADJD   

    ABU DHABI, UAE -   The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway. The Norwegian delegation was given a tour of the main building of ADJD, introduced to all divisions and courts and to the different sections and chambers of the courts. This...
  • Jordan, Iraq to boost trade through Karama border crossing

    Amman, Jordan-- Jordan and Iraq have discussed ways to boost bilateral cooperation in order to develop trade through Karama border crossing. The discussions were held in a meeting between Jordanian and Iraq ministers in Baghdad, which also focused on ways to combat terrorism, extremism, enhancing border security, countering smuggling and...
  • Dubai Customs seizes over 200 samples of endangered animal, plant species since 2020

    DUBAI, UAE - Dubai Customs (DC) successfully seized, over the past three years, nearly 330 tons and over 200 samples of animal and plant species that violate the international Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which the UAE joined in 1990. DC revealed...
  • Erdogan: Turkey’s irresistible force nears final election test

    Known to his inner circle as "beyefendi" (sir) and to admirers as "reis" (the chief), Erdogan prides himself on being able to woo doubters through tireless campaigning. This passion has helped him and his party win more than a dozen local and national elections, allowing Erdogan to claim a people's...
  • Dubai Police ink deal with UAE Hockey Federation

    DUBAI, UAE - The Athletes Council at Dubai Police and the UAE Hockey Federation signed an agreement (MoU) to enhance joint sports cooperation in hockey. The MoU was signed by Dr. Maryam Al Matroushi, Chairman of the Athletes Council, and Abdullah Sultan Al Dah, President of the Hockey Federation. The...
  • UAE to implement support scheme for low-income farm owners

    DUBAI, UAE -   The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the new support program for low-income farm owners in the UAE. The farm owners have to be registered with Etihad Water & Electricity. This support aims to reduce the financial burden...
  • UAE discusses clean energy partnerships with Germany, Netherlands

    ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the Netherlands to reinforce existing partnerships and discuss common goals, energy transition, technology deployment and potential projects. Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs MoEI visited Germany and the...
  • FAB hosts Chinese businessmen for summit on boosting trade

    Abu Dhabi, UAE-- Seeking to deepen the UAE's economic and trade relationship with China, First Abu Dhabi Bank hosted more than 60 Chinese entrepreneurs, executives, and government officials on Friday. The bank showcased the UAE's potential as an investment gateway for Chinese companies by hosting a China-Arab Entrepreneurs' Summit in...
  • MoFAIC,  Burjeel Holdings ink MoU on healthcare services

    ABU DHABI, UAE -  UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum of Understanding (MoU) regarding specialized healthcare services for MoFAIC employees and their families. The memorandum was signed by Abdullah Mohammad Al Blooki, Assistant Undersecretary for Support Services Affairs at MoFAIC...
  • Ajman Chamber, Belgium Embassy discuss trade opportunities

    AJMAN, UAE -   Chairman of the Ajman Chamber of Commerce and Industry (ACCI) Abdullah Al Muwaiji discussed trade and investment opportunities with Ambassador of the Kingdom of Belgium to the UAE Antoine Delcourt and his delegation. The meeting, held at the Ajman Chamber's headquarters, was attended by Mohamed Ali Al...
  • UAE discusses global economic challenges in EBRD meeting

    SAMARKAND, UZBEKISTAN -  The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) here on May 16-18. The meeting discussed global economic challenges and prospects for economic growth. The UAE delegation...
  • IFZA, Zoho ink deal to enhance digital use in tax returns

    DUBAI, UAE- IFZA Dubai signed an agreement with Zoho to provide the members of the IFZA Free Zone community with leading-edge digital tools that will help increase efficiency and ensure compliance. It is a part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming...
  • Masdar on way to become one of world’s largest renewable energy firms

    ABU DHABI, UAE -  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years. Masdar said that it is on track to fulfill its ambition of becoming one of the world’s largest renewable energy companies by...
  • Iran and Russia sign customs agreement to boost trade volume

    Tehran, Iran-- Continuing with their program to deepen the relationship between the two countries, Iran and Russia have signed a new customs agreement to facilitate trade. The agreement was made in a meeting between Mohammad Rezvani-Far, Deputy Minister of Economy and Head of the Islamic Republic of Iran Customs Administration...
  • IMF lauds Jordan for monetary policy ensuring macroeconomic stability

    Amman, Jordan--The International Monetary Fund (IMF) has applauded Jordan for its tight monetary and financial policies that have ensured macroeconomic stability and access to international capital markets. The IMF made the remarks at the end of their visit to Jordan after conducting the sixth performance review of the government's economic...
  • Ukraine grain deal extended for two months: Erdogan

    Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a May 28 runoff election in which he will try to extend his two-decade rule until 2028. He thanked "my precious friend", Russian President Vladimir Putin, Ukrainian counterpart Volodymyr Zelensky and...
  • Europe, UK edge closer to signing deal on financial services

    Once it is signed by Brussels and London, it will create a framework for voluntary regulatory cooperation in the area of financial services between the EU and the UK.
  • Dubai aviation authority inks deals on use of Web Service technology

    Dubai, UAE - The Dubai Civil Aviation Authority (DCAA) signed two deals with Dubai Aviation City Corporation (DACC) and Dubai Integrated Economic Zones Authority to use 'Web Service' technology. These deals aim to foster enhanced cooperation and integrated link using ‘Web Service’ technology for issuing commercial activity permits in the...
  • Iran and Russia look to expand ties in the energy sector

    Tehran, Iran-- Iran is looking to deepen energy ties with Russia as the latter is keen to explore and develop oil and gas projects in the Islamic Republic. This was stated by Russian Deputy Prime Minister Alexander Novak during talks with Iranian Oil Minister Javad Owji in Tehran. He is...
  • Sharjah Chambers reviews efforts to bolster UAE’s food security

    Sharjah, UAE-- Sharjah Chamber of Commerce and Industry (SCCI) has reviewed the UAE efforts to achieve and maintain the food security in the country. In this connection, the newly restructured Foodstuff Trade and Industry Sector Business Group, operating under the umbrella of the Sharjah Chamber of Commerce and Industry (SCCI),...
  • UAE ministry hosts discussion on poultry industry, food security

    DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for Food Security. This comes in line with the ministry's keenness to implement its strategies to enhance national food security in the UAE, understand the key challenges facing the country's poultry...
  • European economy expands less than previous estimates

    On Monday, the European Commission boosted its 2023 economic growth outlook for the 20-country euro area by 0.2 points to 1.1 percent.
  • Controversial sale of jewels with Nazi links fetches US$200 million

    The extraordinary collection belonged to Heidi Horten who died last year aged 81, with a fortune of $2.9 billion, according to Forbes. A report published in January 2022 by historians commissioned by the Horten Foundation said Heidi Horton's husband Helmut Horton, who died in Switzerland in 1987, had been a member...
  • Iran invites UAE businesses to invest in transportation projects

    Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country to take part in transportation projects in the Islamic Republic. In this connection, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, met with Sheikh Mansour Bin Zayed Al Nahyan,...
  • DMCC to open office in Mumbai for Indian firms to expand through Dubai

    Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC.
  • KEZAD partners with SWS to build polished water plant

    By filtering and treating the Treated Sewerage Effluent (TSE), it will remove additional impurities and contaminants, generating non-potable water suitable for industrial use.
  • French president to meet Elon Musk in Paris to discuss joint projects

    Finance Minister Bruno Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments are the fruit of months or even years of negotiations". During a US trip in December, Macron held an unannounced face-to-face meeting with Musk, saying later the two had had...
  • Jordan’s industrial producer-price index shoots up 2.59% in Q1 of 2023

    Amman, Jordan-- Jordan's industrial producer-price index, which generally reflects supply conditions across the economy, climbed up 2.59 percent in the first quarter of 2023, amounting to 137.20 points compared with 133.73 points in the same period of 2022, the Department of Statistics (DoS) revealed on Sunday. The DoS said that...
  • Will sponsor Emirates Labor Market Award,  says Abu Dhabi Chamber

    ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. The award aims to recognize the...
  • India Jewelry Exposition Center launches in Dubai

    DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX) here during a special event to commemorate the first anniversary of the UAE-India Comprehensive Economic Partnership Agreement. Announced during the CEPA Beyond Trade celebration, IJEX will provide a platform for...