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.
  • Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue over its weapons, days before the government is expected to approve an army plan to disarm the group. Months after Hezbollah's devastating war with Israel and under heavy US pressure,...
  • Abu Dhabi delegation in Israel explores business opportunities

    ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation and innovation opportunities. Led by the Abu Dhabi Investment Office (ADIO), the delegation included Abu Dhabi Global Market (ADGM), Abu Dhabi Residents Office (ADRO), Hub71, Abu Dhabi IPO Fund (ADIPOF),...
  • Iran indicts woman for throwing headscarf to ground during protest

    Tehran, Iran--Iran's judiciary is prosecuting a woman for "disrespecting" the Islamic headscarf after she threw hers to the ground during a public meeting, an Iranian news agency reported Saturday. The requirement for women to wear the headscarf in public, enshrined in law since shortly after the Islamic revolution of 1979, has...
  • DEWA CEO discusses bilateral cooperation with Emerson

    DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level delegation from Emerson headed by Lal Karsanbhai, President and CEO. Emerson is a global leader in technology, software, and engineering. The visiting delegation included Michael Train, Chief Sustainability Officer, Emerson;...
  • ChatGPT sets off AI ‘gold rush’ in Silicon Valley

    Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot from start-up OpenAI marked a turning point in its perception by the general public and investors. Since its discrete release in late November, ChatGPT has become one of the fastest...
  • Tunisia’s Saied kicks out Europe’s trade unionist for ‘interference’

    Earlier in Saturday, Esther Lynch, Europe's top trade union official took part in a demonstration organized by the UGTT trade union federation and made comments that constituted blatant interference in Tunisia's internal affairs, head of the European Trade Union Confederation, the presidency said in a statement. It added that she...
  • UAE, India mark first anniversary of signing CEPA with series of events

    DUBAI, UAE -  Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary of the signing of the landmark UAE-India Comprehensive Economic Partnership Agreement during two important events in the UAE. On Friday, Al Zeyoudi received a delegation from the Federation of Indian...
  • Ukraine and IMF reach deal paving way for ‘full-fledged’ loan

    Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country's bid to join the European Union. Ukraine was seen to have "strong" performance under a four-month program with the International Monetary Fund, meeting...
  • Tunisian footballer reaches Italy on migrant boat, says club

    TUNIS, TUNISIA -  A goalkeeper at a top-flight Tunisian football club has reached Italy as a clandestine migrant, his club said Friday, as the dire economy pushes thousands into making similar journeys. "Due to the financial crisis facing the club, and difficult living conditions (in Tunisia), the goalkeeper of Avenir Sportif...
  • Etihad Airways to run three Abu Dhabi-Lisbon flights a week

    Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd July 2023. The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays, with three weekly flights scheduled to be operated on Tuesdays,...
  • Iraq marshlands campaigner freed from kidnappers

    Baghdad, Iraq---A leading campaigner for the preservation of Iraq's famed southern marshlands has been freed, two weeks after he was kidnapped by unidentified gunmen, his family said on Thursday. Jassim al-Assadi, 65, head of environmentalist group Nature Iraq, was seized on February 1 as he drove to the capital Baghdad on...
  • Blinken to pledge quake support on first Turkey visit

    Blinken will visit Incirlik air base, through which the United States has shipped aid, and then hold talks in the capital Ankara on "continued US support," State Department spokesman Ned Price said Wednesday. The top US diplomat will also take part in the Munich Security Conference, where the Ukraine war...
  • US condemns Tunisia arrests of president’s critics

    Washington, United States--The United States on Wednesday denounced Tunisia's arrest of critics of President Kais Saied and called for transparent legal proceedings. "We're deeply concerned by the reported arrests of multiple political figures, business leaders and journalists in Tunisia in recent days," State Department spokesman Ned Price told reporters. "We respect...
  • Israeli company deploys robots to speed up online shopping

    In the south Tel Aviv headquarters of 1MRobotics, young men and women -- nearly all of them graduates of the Israeli army's robotics and technological units -- were customizing off-the-shelf robots. Combined with artificial intelligence, these robots are designed to carefully grasp and pack fruit and vegetables, as well as...
  • UN pleads for US$397 million to support Syria earthquake victims

    United Nations, US--The United Nations launched an appeal for $397 million on Tuesday to help earthquake victims in Syria, where the disaster has killed thousands of people and left millions more in desperate need of aid. Secretary-General Antonio Guterres, announcing the appeal at the UN headquarters in New York, said the...
  • Sudan sends plane with 30 tons of aid to quake-hit Syria

    The supplies sent to Damascus, containing "30 tons of food, medical supplies, blankets and other materials", followed a similar delivery of aid to Turkey on Friday, the foreign ministry in Khartoum said.
  • US shoots down new mystery object as tensions escalate with China

    On Sunday the Pentagon said that it does not yet know what the other three objects -- one shot down Friday over Alaska, one Saturday over Canada's Yukon territory, and the most recent one Sunday over Lake Huron -- are. But it said that the object downed Sunday had been...
  • Israel launches air strikes on ‘underground Hamas complex’

    The Palestinian Red Crescent said one person was killed in a pre-dawn Israeli army raid in Nablus in the northern West Bank, the scene of near-relentless violence over the past year.
  • In Turkey families race against time to identify quake victims

    Monday's 7.8-magnitude tremor struck Kahramanmaras in the country's southeast, unleashing catastrophe in the region and Syria, killing at least 28,000 people. Anguished families flock to sports halls, hospital morgues or cemeteries in the severely hit city -- where bodies are piling up -- in a bid to find their missing...
  • DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive device for 3D printers. The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate. This is the seventh...
  • IEA calls special meeting as gas crisis ‘not over’

    IEA Executive Director Fatih Birol said the measures taken following Russia's invasion of Ukraine helped European nations whether Russia cutting off most of its gas supplies. The IEA said the meeting is expected to identify and endorse measures to improve the balance between gas supply and demand.
  • Emirates and Air Canada sign MoU to boost cargo services

    Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to its global air cargo clients. The MoU was signed at Emirates Headquarters in Dubai, UAE, by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, and Matthieu Casey, Managing Director Commercial,...
  • International Defense Conference 2023 to begin in Abu Dhabi

    Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre in Abu Dhabi. A large number of leaders, decision-makers, ministers, senior officials and speakers representing defense industries from all over the world are expected to participate in it, local media...
  • UAE and Japan to boost collaboration in skill development

    The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.
  • Dubai Chamber encourages firms to apply for parent-friendly label

    DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies allow parents to care for their children’s well-being, benefiting individuals, the economy and society as a whole. This was one of the key takeaway messages from a webinar organized by...
  • Industry experts discuss fintech at Sharjah Investment Forum 2023

    SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel session at the sixth edition of the Sharjah Investment Forum (SIF). Moderated by Goncalo Traquina, Head of Management Consulting in Financial Services, KPMG, panellists Eric Yang, CEO of MaskEX, Mirna...
  • Rival Libya administrations agree to remove foreign fighters: UN

    Cairo, Egypt-- Senior Libyan officials from both rival administrations on Wednesday endorsed a coordination mechanism to clear the war-torn country of foreign troops and mercenaries, the United Nations announced. The UN mission in the North African country hailed "an important step toward achieving sustainable stability and peace in Libya" after a...
  • Moody’s lowers Egypt rating to B3, changes outlook to stable

    Cairo, Egypt-- Moody's has lowered Egypt's sovereign rating by one notch to B3 from B2 on Tuesday, citing the country's reduced external buffers and shock absorption capacity. The agency changed its outlook for Egypt to stable from negative. "Moody's does not expect Egypt's liquidity and external positions to rebound quickly," the...
  • Aleppo buries its dead as rescuers look for survivors in rubble

    Soldiers, rescuers and residents of Aleppo's Bustan al-Qasr neighborhood used pickaxes and shovels to free survivors trapped under the debris of collapsed buildings.
  • Morocco hands migrants more jail time over Melilla tragedy

    Rabat, Morocco--A Moroccan appeals court has increased the prison sentences of eight migrants over a deadly attempted crossing into the Spanish enclave of Melilla, their lawyer said Tuesday. Around 2,000 people, many of them Sudanese, stormed the frontier on June 24 in a bid to reach Spanish territory across one...
  • Google to release Bard in showdown with Microsoft’s ChatGPT

    Media reports said the overnight success of ChatGPT was designated a "code red" threat at Google with founders Sergey Brin and Larry Page -- who left several years ago -- brought back to brainstorm ideas and fast-track a response.
  • World rushes to offer humanitarian aid to Turkey, Syria

    The European Union has mobilized 10 search and rescue teams for Turkey after the stricken country requested EU assistance, EU foreign policy chief Josep Borrell and EU crisis management commissioner Janez Lenarcic said.
  • France set to bar minors from accessing porn websites

    France's data protection and media regulators Cnil and Arcom are set to announce their latest proposals to rein in porn websites which are in theory subject to a 2020 law requiring age verification.
  • Environment Agency – Abu Dhabi issues marine water quality policy

    ABU DHABI,  UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to marine water in the emirate. The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters...
  • DEWA cleans beach, plants mangrove as  part of 26th National Environment Day

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves at the Jebel Ali Marine Sanctuary, organized by the Emirates Marine Environmental Group. The move is in conjunction with the National Environment Day, observed on  February 4 each year, and...
  • Adani shares tank again as Indian opposition stages protests

    The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by short-seller US investment group Hindenburg Research on January 24.
  • Iran detains journalist as protests against Mahsa Amini’s death continue

    Tehran, Iran - Iranian authorities have detained a journalist at a reformist publication, local media reported Sunday, as her sister, also a journalist, remains in custody after reporting on Mahsa Amini's death. Iran has been gripped by nationwide protests since the September 16 death in custody of Amini, a 22-year-old...
  • Dubai Customs, Dubai Chambers discuss support for private sector

    DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness following Dubai's strategic plans and vision. These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and...
  • SEDD discusses cooperation with Matajer

    SHARJAH, UAE - Sharjah Economic Development Department (SEDD) received a delegation from Matajer - one of the most important commercial shopping groups affiliated with Sharjah Holding Company - established under a partnership between Majid Al Futtaim Properties and Sharjah Asset Management. This comes within SEDD’s interest to strengthen partnerships with...
  • Israel intercepts ‘small aircraft’ over Gaza: army

    The army stressed it was not rocket or other fire that posed a threat to Israelis. "It was not a projectile launch. Full routine continues on the Israeli home front," it said in a statement.
  • US shoots down Chinese spy balloon, drawing Beijing’s ire

    The Chinese craft spent several days flying over North America before it was targeted off the coast of the southeastern state of South Carolina with a missile fired from an F-22 plane, Pentagon officials said, falling into relatively shallow water just 47 feet (14 meters) deep.
  • Former Egypt Prime Minister Sherif Ismail dies at 67

    Ismail was sworn in as prime minister in 2015 before resigning in 2018 as Sisi began his second presidential term, after a landslide victory against one of his supporters.
  • Iraq is a key trade partner of Jordan, says Kingdom’s Commerce Chamber head

    AMMAN, JORDAN - Chairman of the Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq said Iraq is an "important" trade partner and gateway for Jordan's economy. Haj Tawfiq said, "Jordan and Iraq have wide, prolific potentials, fields and grounds to build economic integration, in light of the strong brotherly relations,...
  • UAE participates in G20’s sustainable finance working group meeting for 2023

    ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG...
  • US, western allies slam Iran’s response to UN nuclear watchdog report

    Washington, United States--The United States issued a joint statement with France, the United Kingdom and Germany on Friday criticizing Iran's "inadequate" response to an International Atomic Energy Agency (IAEA) report on its nuclear program. The UN nuclear watchdog issued a warning to Tehran on Wednesday after it found that changes had...
  • US, UAE officials discuss financial crimes

    ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led a two-day treasury delegation visit to the UAE to discuss  AML/CFT matters and areas of joint cooperation. The two sides discussed a range of topics of mutual interest pertaining to...
  • DHA, DIEZ ink MoU to support healthcare sector

    DUBAI, UAE - Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ) to enhance investment opportunities in the healthcare sector and support the formation of healthcare start-ups. The MoU will help to promote cooperation and coordination between the two sides and...
  • Home demolitions for road widening sparks anger in Gaza

    Gaza City, Palestinian Territories--Ramadan Abu Saif looked on as bulldozers ploughed into his neighbor's Gaza City home, knowing his could be next as an infrastructure project surges forward in the impoverished Palestinian enclave. Last month, Hamas that governs Gaza began demolishing 62 houses at Al-Shati refugee camp as they widen the...
  • Israel hits Gaza Strip, hours after intercepting rocket fire

    Gaza City, Palestinian Territories--Israel conducted air strikes on the central Gaza Strip early Thursday, according to AFP journalists and witnesses, hours after intercepting a rocket fired from the Palestinian territory. New rounds of rockets were fired from Gaza after these strikes, and fresh explosions could be heard from Gaza City at...
  • Arada finalizes first set of homes worth $6.53bn in third phase of Sharjah project

    SHARJAH, UAE -- Arada announced on Tuesday that it has completed the first set of homes in East Village as part of its AED24 billion megaproject Aljada in Sharjah. Under the project, a total of 1,621 apartments have been finished across 14 buildings, local media reports said. Featuring 2,000 units...
  • Israel considers sending military aid to Ukraine

    Israeli PM's remarks come after a visit by US Secretary of State Antony Blinken, who called for calm following a flare-up of violence between Israel and the Palestinians and also nudged Israel to boost support to Ukraine.