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.
  • Tunis, Tunisia -- Tunisia's brutalist landmark the Hotel du Lac -- a 1970s postcard icon said to have inspired a desert-roving vehicle in "Star Wars" -- is being demolished, sparking calls from architects, historians and activists to save it. Built by Italian architect Raffaele Contigiani in central Tunis, the concrete-and-steel...
  • UAE, Serbia discuss cooperation in R&D, innovation

    BELGRADE, SERBIA - UAE Minister of State for Public Education and Advanced Technology  Sarah Al Amiri discussed cooperation in research and development (R&D), advanced technology, sustainability, food technology with the Serbian government. Al Amiri, in her visit to Serbia, discussed developing tools to finance research, innovation, energy transition and developing...
  • As AI shakes up world, media industry may not be immune to changes

    French journalists Jean Rognetta and Maurice de Rambuteau published a newsletter called "Qant" written and illustrated using AI tools. The authors found that they needed to intervene constantly to keep the process on track, so while the programs helped save some time, they were not yet fit to replace real...
  • Iran hands down death sentences to two over Shiraz shrine attack

    TEHRAN, IRAN -  An Iranian court sentenced two people to death over an October attack on a shrine in the southern city of Shiraz that cost over a dozen lives, the judiciary said Saturday. The pair were convicted of assisting in "corruption on earth, armed rebellion and acting against national security",...
  • Jordan Chamber of Commerce, Hungarian envoy discuss economic ties

    AMMAN,  JORDAN -  Vice President of the Jordan Chamber of Commerce (JCC) Jamal Rifai discussed with Hungarian Ambassador to Jordan Attila Kali ways to develop joint economic and trade relations and the role of commerce chambers in strengthening them. According to a JCC statement on Saturday, the meeting went over...
  • Turkey’s Erdogan asks parliament to back Finland’s bid to join NATO

    Ankara, Turkey--Turkish President Recep Tayyip Erdogan ended months of diplomatically charged delays on Friday and asked parliament to quickly back Finland's bid to join NATO. A simultaneous decision by fellow holdout Hungary to schedule a Finnish ratification vote for March 27 means the US-led defence alliance will likely grow to 31...
  • India’s Bharat Dynamics Limited picks EDGE’s GradeOne as partner

    ABU DHABI, UAE - Bharat Dynamics Limited (BDL), a Defense Public Sector Undertaking under India's Ministry of Defense appointed EDGE's GradeOne as an official channel partner. The handing over of the Authorization Letter occurred during the International Defense Exhibition (IDEX) held in Abu Dhabi from February 20-24. Khalifa Al Ali,...
  • JCC discusses trade, commerce in economic summit in France

    AMMAN, JORDAN -  The Jordan Chamber of Commerce (JCC) took part in the fourth Arab-French Economic Summit 2023 in Paris. A statement issued by the JCC on Thursday said that the summit , jointly organized by the French-Arab Chamber of Commerce (CCFA), the Union of Arab Chambers, Business France, the...
  • NASA, Axiom Space show off new spacesuit for Artemis astronauts

    The suit revealed at an event at the Johnson Space Center in Houston features greater flexibility and thermal protection than those worn by the Apollo astronauts who first stepped foot on the lunar surface more than 50 years ago. The pressurized garment has multiple protective layers, a backpack with life...
  • US tells TikTok to snap ties with ByteDance to avert ban

    The ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security. Western powers, including the European Union and the United States, have been taking an increasingly tough approach to the app, citing fears that user data could be used or abused...
  • ChatGPT’s long-awaited update makes it more ‘human’ as AI wave continues

    GPT-4 has been widely awaited ever since ChatGPT burst onto the scene in late November, wowing users with its capabilities that were based on an older version of OpenAI's technology, known as a large language model. The company said the new update of ChatGPT is "more creative and collaborative than...
  • Syrian students learn German in order to prepare for life abroad

    Damascus, Syria--His medical studies in Syria keep Mohammed Shasho busy enough but whenever he can he also pores over German vocabulary and grammar points in hopes of a move to Europe. Like many youngsters in the war-ravaged country, he dreams of joining the almost one million Syrians already in Germany to...
  • US banking crisis after SVB fall to have limited impact on Europe: rating agencies

    Markets were rocked earlier this week by the collapse of two US regional lenders, SVB and Signature Bank, which forced authorities to launch measures aimed at preventing contagion across the sector. S&P Global Ratings said the European banks it follows and rates did not have the same economic model or...
  • Mashreq facilitated $15.5bn in sustainable finance since 2021: Official

    Dubai, UAE -- Mashreq Bank, the oldest privately-owned bank in the UAE, has facilitated $15.5 billion in sustainable finance, Joe Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said on Tuesday. In a statement in January, the bank said that the finance was facilitated between Jan 2021...
  • European lawmakers demand tax on ultra-rich individuals

    Most of the MEPs who signed are from Green or left-wing parties. They were joined by non-governmental organizations, including Oxfam, supported by a dozen economists and by 20 millionaires. The signatories claimed that in 2018 Tesla owner Elon Musk, "then the second-richest man in the world, did not pay a...
  • Europe warned industry will flee unless energy prices lowered

    Brussels, Belgium - The European Union must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said on Monday, as Brussels prepares plans to stimulate the green economy. The European Union is racing to make Europe more attractive for the companies that could be tempted...
  • Biden vows to fix ‘mess’ as US regulators rush to contain SVB fallout

    Treasury Secretary Janet Yellen said the government wants to avoid financial "contagion" from the SVB implosion, as it ruled out a bailout. With the bank's future, and its billions in deposits up in the air, officials from the three agencies, The Fed, the Federal Deposit Insurance Corporation (FDIC) and Treasury,...
  • Boat capsizes off Libya, nearly 30 migrants feared drowned

    Italy's coastguard said the boat in distress was in Libya's search-and-rescue zone, and that the deadly episode laid bare "the inactivity" of other countries in the Mediterranean. The latest disaster in the Mediterranean comes exactly two weeks after a shipwreck off Italy's southern coast of Calabria that killed at least...
  • China’s new premier warns 5% growth rate for 2023 not ‘easy’ to achieve

    Beijing, China--China's new premier warned Monday that the country's five-percent growth target for 2023 would not be "easy" to achieve, as its rubber-stamp parliament wrapped up over a week of meetings. The government set the economic growth target of "around five percent" this month, one of the lowest in decades as China...
  • UAE, Ukraine keen on parliamentary, economic ties

    MANAMA, BAHRAIN -  Speaker of  the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy Chairman of Ukraine Verkhovna Rada (Parliament) Oleksandr Kornienko on the sidelines of the 146th Assembly of the Inter-Parliamentary Union held here. During the meeting, they discussed parliamentary cooperation between the...
  • Israeli army shoots dead three Palestinians in West Bank

    Nablus, Palestinian Territories - Three Palestinian gunmen were shot dead after they fired at Israeli soldiers in the northern West Bank near Nablus, the Israeli army said on Sunday, as violence in the region continued. The military said that "armed gunmen opened fire" on soldiers at an army position near the...
  • Tech sector fallout feared as SVB collapse freezes billions of startup dollars

    New York, United States -- Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout. The company, whose website says it is "the financial partner of the innovation...
  • NASA SpaceX Crew-5 returns to Earth after 5-month mission

    Crew-5, which launched from Florida's Cape Canaveral in early October 2022, was the fifth mission in space for Wakata and the first for Cassada, Kikina and Mann -- who also became the first Native American woman in space, NASA said. Cooperation on the ISS has become one of the few...
  • Syria facility attempts to rehabilitate IS-scarred foreign children

    More than 50 boys aged 11-17, some with parents hailing from Britain, France, Germany or the United States, live at the heavily guarded Orkesh rehabilitation center near the city of Qamishli, close to the Turkish border. Opened six months ago, it is the first facility seeking to rehabilitate foreign boys in...
  • etisalat by e& announces first 5G satellite communications in UAE

    ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite. This will give customers access to high speeds, enhanced coverage and scalability to meet future demands...
  • UN envoy calls on Libyan factions to agree terms for polls by mid-June

    TRIPOLI, LIBYA - UN envoy Abdoulaye Bathily called on rival administrations in conflict-torn Libya Saturday to agree terms for elections "by mid-June", pushing for the long-delayed ballot to be held by year end. The Senegalese diplomat told the UN Security Council last month he had a new initiative to break a...
  • Indonesia holds two-day event in Dubai to lure investment

    Dubai, UAE--The Indonesian Investment Forum kicked off in Dubai to lure businesses and investments. The two-day event aimed to explore opportunities to attract foreign direct investment and expand markets for export-oriented products. It was hosted by Bank Indonesia in partnership with KJRI Dubai, the Indonesian Embassy in Abu Dhabi, the Indonesia...
  • COP28 President Designate meets with key US government officials

    WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al Jaber met with key US government leaders at the White House to discuss global climate issues. During the meeting on Thursday, which was convened by US Special Presidential Envoy for...
  • Bahrain ‘cancels’ HRW visas ahead of parliamentary meet

    Dubai, UAE -- Bahrain has revoked visas for two members of Human Rights Watch who planned to attend this week's Inter-Parliamentary Union assembly in the Gulf state, the activist group said on Friday. Visas that were issued for two members of the rights group on January 30 were cancelled on...
  • Saudi Arabia meet discusses upcoming GCC-UK free trade negotiations

    Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free trade agreement negotiations between the Gulf Cooperation Council (GCC) for Arab States and the United Kingdom from March 12–16 at the GCC General Secretariat in Riyadh. Fareed bin Saeed Al-Asaly,...
  • Saudi Arabia’s Film AlUla launches platform for women in cinema, fashion

    The launch is part of a year-round program that will allow women filmmakers to collaborate with leading industry professionals and access funds to create and share their stories.
  • Spotify adds 30 sec video in revamp to attract more creators

    Spotify on Wednesday introduced new tools for artists and songwriters, with a particular focus on video formats that are seen as increasingly essential as the world's biggest audio streaming service struggles to break even. With the revamp, Spotify said it would be easier for artists to sell merchandise and tickets...
  • In UAE, Syria child quake victims unaware of heartbreak to come

    Sham Sheikh Mohammed, who suffered severe crush injuries in a 40-hour ordeal under the rubble, has not yet been told that both her mother and sister died in the February 6 earthquake that killed more than 50,000 people in Syria and Turkey. Sham's story captivated Syrians and others around the...
  • US president’s budget plan to cut country’s deficit by US$3trn

    Washington, United States--President Joe Biden will unveil a proposed budget on Thursday that would reduce the US national deficit by $3 trillion over the next decade, in part by raising taxes, the White House said. The budget plan "will cut the deficit by nearly $3 trillion over the next 10 years,"...
  • ChatGPT could increase phishing and cybercrime risk, warns British firm

    London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the sophistication of phishing scams. Content creation bot ChatGPT, Silicon Valley's latest app sensation, was launched by Microsoft-backed start-up OpenAI in November. "Darktrace does not believe that ChatGPT has yet lowered...
  • European Central Bank head pledges to tackle high inflation in Europe

    Last week, Lagarde said that more interest rate hikes might be needed in the eurozone after the half percentage point hike it has already signaled will come later this month.
  • Fraudsters prowl digital world, robbing unwary people in Middle East

    Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the safest method, according to a new survey by Kaspersky. The survey revealed that some 18% of respondents from the Middle East experienced financial losses associated with threats when using online...
  • White House endorses bipartisan bill empowering US to ban TikTok

    The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.
  • Japan allots US$1.6bn to contentious Australia hydrogen project

    In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund, which will be used to design and build facilities to liquefy and ship hydrogen from Australia's Victoria to Japan. The project aims to produce and liquefy hydrogen from a type...
  • Agility launches data center sites in Saudi, Kuwait and Egypt

    Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and Ghana. The sites are being readied at ultra-modern ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity and resolve data latency, security...
  • China agrees to restructure bankrupt Sri Lanka’s loans for IMF bailout

    Colombo, Sri Lanka--Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to an International Monetary Fund bailout. China's state-owned Exim Bank "sent a letter to the IMF" on Monday night expressing Beijing's willingness to "restructure" credit to Sri...
  • World Bank pauses Tunisia program over president’s migrant remarks

    In the message sent on Sunday evening, the bank's outgoing President David Malpass said Saied's tirade had triggered "racially motivated harassment and even violence," and that the institution had postponed a planned meeting involving Tunisia until further notice. Hundreds of migrants have flown home from Tunisia, fearful of a wave...
  • UAE shares view at first G20 Culture Working Group meeting

    ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG) meeting held under the Indian Presidency. Attended by G20 members, invited countries, and international organizations such as United Nations Educational, Scientific and Cultural Organization (UNESCO), the meeting recently took place...
  • Turkey’s opposition scrambles to select consensus candidate

    Analysts view the opposition's failure to put aside their differences just two months before the vote as one of the main factors working in Erdogan's favour. Erdogan's public approval plunged after he unleashed an unusual economic experiment in late 2021 that tried to fight inflation by drastically cutting interest rates.
  • Dubai Land Department launches new feature to streamline procedure

    DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in real estate transactions without the need for audits. This move is in line with DLD's efforts to enhance the use of innovative solutions and achieve the goal of the Dubai...
  • Afghan universities reopen after winter break, but women still barred

    The university ban is one of several restrictions imposed on women since the Taliban stormed back to power in August 2021 and has sparked global outrage -- including across the Muslim world. The international community has made the right to education for women a sticking point in negotiations over aid...
  • Egypt jails activists for years on ‘terrorism’: rights groups

    Egypt regularly uses accusations of support or financing of "terrorism" to hold activists and opposition figures as long as possible in pre-trial detention. The two-year time limit on such detention is regularly exceeded, say rights groups who count around 60,000 political prisoners in the country.
  • UNCTAD rallying global action to assist 46 least developed countries

    UNCTAD’s Secretary-General Rebeca Grynspan and Deputy Secretary-General Pedro Manuel Moreno will lead the organization’s delegation to the fifth UN conference on LDCs (LDC5) taking place in Doha, Qatar from 5 to 9 March.
  • Tunisians defy protest ban, rally to demand release of Saied critics

    Denouncing Saied's power grab as a "coup", the protesters defied a ban on demonstrations imposed by Tunis authorities. Initially dozens gathered by a key bus and tramway station in central Tunis before charging police barricades to then march towards Habib Bourguiba Avenue, where the crowd soon swelled to more than...
  • Sharjah Consultative Council approves  heritage policy

    SHARJAH, UAE -  The Sharjah Consultative Council (SCC) approved recommendations regarding the policy of the Sharjah Institute for Heritage (SIH), during its 10th session. Ali Mehd Al Suwaidi, SCC Chairman chaired the session.The council's work began with the ratification of the minutes of the ninth session, after which the SCC...
  • UAE keen on new technologies, says minister at Raisina Dialogue 2023

    NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al Olama said that his country has succeeded in adopting state-of-the-art, digital, and futuristic solutions as a key pillar for enhancing prosperity. Al Olama made this remark at the Raisina Dialogue...