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.
  • Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague on Monday, with the Czech prime minister hailing the fossils' "first ever" showing in Europe. The ancient remains of the Australopithecus afarensis were discovered in Ethiopia in 1974. The find...
  • Jordanian-Bahraini business forum explores investment opportunities

    AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase the volume of trade exchange, discuss means of enhancing cooperation, and showcase investment opportunities in the two countries.JCI President Fathi Jaghbir underlined the need to set in motion a new...
  • ADJA delivers training program on drafting contracts, legal memos

    ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing contracts and legal memoranda. This was done to develop the skills and competencies of practitioners engaged in the legal professions in the public and private sectors. The program also updates...
  • Turkey’s bickering opposition seeks unity against Erdogan

    The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by the government, he wrote last month.
  • Israel justice minister presents controversial court reforms

    After November elections, Prime Minister Benjamin Netanyahu returned to power last week, heading what analysts call the most right-wing government in the country's history, including with plans to reform the judicial system.
  • Iranian Revolutionary Guard killed outside his house in Tehran

    Tehran, Iran - A member of Iran's Revolutionary Guards was shot dead outside his house in Tehran, state media reported Wednesday, adding that he may have been killed during a burglary. Qassam Fathollahi of the Islamic Revolutionary Guard Corps (IRGC) was shot "four times in front of his house" in southern...
  • Pakistan expects a boost in trade with UAE in 2023

    Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion, according to Pakistan's ambassador to the UAE Faisal Niaz Tirmizi. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and...
  • Two World Bank entities provide US$75bn in financing last year

    Washington, United States--Two World Bank entities provided a record $75 billion in financing last year, said a letter by its president, as developing countries faced crises like climate change and Russia's invasion of Ukraine. The aid comes as countries emerging from the Covid-19 pandemic were hit by fallout from war in...
  • Etihad Cargo to operate three more weekly flights to US from Apr 24

    Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly flights.
  • Expo Centre Sharjah all set for SteelFab2023

    SHARJAH,  UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the SteelFab (SteelFab 2023) exhibition, the largest event of its kind in the Middle East and North Africa region. The event is being organized by ECS, with the support of the...
  • Evergrande of China pledges to repay its debt in 2023

    Beijing, China--China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector. In an email seen by AFP, chairman Hui Ka Yan told staff that "2023 is a key year for...
  • Regional maritime sector event to be held in the UAE

    DUBAI, UAE -  Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023, under the patronage of the UAE Ministry of Energy and Infrastructure, in association with Seatrade Maritime Club. During the event, the region’s maritime sector will come together for valuable business...
  • Abu Dhabi introduces Mobile BSL-3 Laboratory

    ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety level 3) Laboratory in the Emirate. The mobile laboratory will be accessible across four sites in Abu Dhabi, including Sheikh Khalifa Medical City (SKMC), Al Rahba Hospital, Tawam Hospital and...
  • China’s air incursions into Taiwan zone doubled in 2022

    Military analysts say China has used the incursions to probe Taiwan's defenses, exhaust its ageing air force and voice displeasure over Western support for Taipei, especially the United States.
  • Canada’s ban on foreign homebuyers comes into effect

    Many experts have also said the ban on foreign buyers -- who accounted for less than five percent of home ownership in Canada, according to the national statistical agency -- would not have the desired effect of making homes more affordable.
  • France begins testing Chinese arrivals to track Covid variants

    France joins other states including the United Kingdom, Italy and the United States in testing arrivals from China, four weeks after Beijing scrapped its "zero-Covid" containment policy of lockdowns and mass testing.
  • Over 2m riders used public, shared transport during New Year’s Eve in Dubai

    DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means and taxis during the New Year’s Eve 2023. The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders. The breakdown of ridership was as follows:...
  • Iran arrests footballers at mixed-gender party, say media reports

    TEHRAN, IRAN - Iranian authorities have arrested football players who attended a mixed party east of Tehran, local media reported Sunday, without identifying them or giving their exact number. "Several current and former players of one of Tehran's prominent football clubs were arrested last night (Saturday) at a mixed party in...
  • 10-day Citrus Festival concluded in Hail region of Saudi Arabia

    Hail, Saudi Arabia---The second edition of the 10-day Citrus Festival, which was held in Hail region, has concluded after witnessing a large attendance of visitors.The head of the Hail Agricultural Marketing Cooperative and General Supervisor of the Festival, Khaled Al-Batea said more than 80 participants displayed citrus products from all...
  • IS claims deadly attack in Egypt Suez Canal city

    Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt, which has largely been spared the deadly insurgency in the nearby Sinai peninsula.
  • Croatia embraces euro, joins borderless Europe club

    Experts say the adoption of the euro will help shield Croatia's economy at a time when inflation is soaring worldwide after Russia's invasion of Ukraine sent food and fuel prices through the roof.
  • Egypt pushes for bigger private sector role in economy

    Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over the private sector, a cabinet statement said. The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support...
  • UN General Assembly refers Israeli occupation to ICJ in Hague

    United Nations, US--The UN General Assembly on Friday asked the International Court of Justice to consider consequences for Israel over its occupation of Palestinian territories, a day after the Jewish state's most right-wing government ever took over. The General Assembly voted 87-26 with 53 abstentions on the resolution, with Western nations...
  • Iran summons Italian envoy in rebuke over protests

    TEHRAN, IRAN  - Iran has summoned the Italian ambassador to protest "interventionist" policies, the foreign ministry said late Thursday, a day after Rome called in Tehran's envoy over its response to nationwide protests. The Islamic republic has been gripped by protests since the September 16 death in custody of Mahsa Amini,...
  • EAD imposes fines worth US$89,312 over environment violations

    ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since last April. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Board of Directors of EAD had last April taken the decision regarding...
  • ADJD discusses developments in Evidence Law in civil, commercial transactions

    ABU DHABI, UAE - Participants in the second Justice Partners Forum organized by Abu Dhabi Judicial Department (ADJD) discussed the Federal Decree-Law No. 35 of 2022 Promulgating the Law of Evidence in Civil and Commercial Transactions. Held under the title Legislative Developments for a Fair Environment Enhancing Development and Investment,...
  • DEWA’s new project cuts 44,000 tons of carbon emissions annually

    The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.
  • Israeli envoy to Turkey presents credentials to Erdogan

    Turkey, too, has appointed an ambassador to Israel. A presidential decree in November named Sakir Ozkan Torunlar to the post, Turkish media reported at the time.
  • Oil prices show no volatility as Russia unveils export ban

    New York, US--Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by Western nations, briefly helping to lift crude prices. "The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies...
  • Iran to show ‘no mercy’ toward opponents of Islamic republic: Raisi

    The "riots", as Tehran generally refers to them, were triggered by the September 16 death in custody of Iranian-Kurdish Amini, 22, after her arrest for an alleged breach of the strict dress code for women.
  • Israel lawmakers pass legislation for return of Netanyahu as PM

    Jerusalem, Undefined - Israel's parliament on Tuesday passed controversial legislation paving the way for the return of veteran hawk Benjamin Netanyahu as prime minister. Following his November 1 election win, Netanyahu secured a mandate to form a government backed by ultra-Orthodox Jewish parties and an extreme-right bloc. Netanyahu will present what analysts...
  • Elon Musk says close to 100 Starlinks ‘active’ in Iran

    San Francisco, United States--Nearly 100 Starlink internet terminals are currently operating in Iran, SpaceX chief Elon Musk said Monday. The tycoon had promised to bring the satellite internet network to the country in September as Iranian authorities imposed increasingly severe access restrictions, in a move activists called a campaign to limit...
  • Dubai Land Department launches its strategic plan 2026

    DUBAI, UAE :  The Dubai Land Department (DLD) launched its new strategic plan and vision, shaping the features and landmarks of its directions until 2026. The new plan has been approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council...
  • Six pro-Turkish fighters killed in Syria clashes

    BEIRUT, LEBANON - Six Syrian fighters from a pro-Turkish group died in clashes with regime troops that still raged Monday in northwest Syria, rebel forces and a war monitor said. A pro-Turkey rebel statement said the six were killed and three more wounded in the offensive launched by government forces backed...
  • DEWA’s hydroelectric power plant in Hatta is 59 percent complete

    DUBAI, UAE -  The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48 percent complete. This is the first station of its kind in the GCC, with investments of up to US$387 million (AED 1.421 billion). The project is planned for completion in...
  • Ukraine to call for Russia’s removal from UN Security Council

    Kuleba said the question of Russia's veto-wielding permanent seat in the UN Security Council -- also held by the United States, Britain, France and China -- was already being discussed around diplomacy circles.
  • Influential Israeli Zionist rabbi Haim Druckman dies at 90

    Rabbi Haim Druckman was a student of Zvi Yehuda Kook, whose movement founded settlements after Israel occupied the West Bank in the 1967 Six-Day War. Druckman was considered one of Kook's successors from the 1990s.
  • Syrian Kurds protest against Paris attack

    A gunman opened fire at a Kurdish cultural center and a hairdressing salon in Paris on Friday, killing three Kurds. The semi-autonomous Kurdish authorities in northeastern Syria called for the Sunday protest in Hasakeh, which drew hundreds of people brandishing photos of the three victims and calling for accountability.
  • Erdogan aide blames Paris street violence after shooting on Kurd militant group

    Ankara has been feuding with the US and European powers about their support for Kurdish fighters in the People's Protection Units (YPG), which it portrays as the Syrian offshoot of the PKK.
  • UAE Ministry of Climate Change organizes first meeting of Farmers’ Council

    DUBAI, UAE -  UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri presided over the first meeting of the Farmers’ Council. The meeting was organized by the Ministry of Climate Change and Environment (MOCCAE). The meeting highlighted the government directions to promote sustainable modern farming systems across...
  • Export Bahrain, BCCI to facilitate global market access for local businesses

    Manama, Bahrain--- Export Bahrain and the Bahrain Chamber of Commerce and Industry have signed an MoU to support Bahrain-based businesses in gaining access to global markets through Export Bahrain solutions. The two entities will facilitate the business community in Bahrain to attract strategic investment partnerships and enhance the competitive work environment...
  • DEWA 9th Sustainability Report showcases its progress in sustainable development

    DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and achievements in supporting sustainable development in all its economic, social and environmental aspects. It introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability. The report...
  • Eighteen trapped in Xinjiang gold mine collapse

    A total of 40 people were working underground at the mine in Yining county, about 100 kilometers (60 miles) from the border with Kazakhstan, at the time of the collapse Saturday afternoon.
  • Iraq football body launches ticket sales for Gulf Cup

    The Gulf Cup brings together the hosts as well as Saudi Arabia, Kuwait, Qatar, Yemen, Bahrain, Oman and the United Arab Emirates. It will be held in Iraq's southern city of Basra from January 6-19.
  • Saudi grants almost 450,000 metric tons of oil to Yemen

    AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was delivered in Al Mahrah. The grant comes as part of the Kingdom's support for the Yemeni people under the directives of King Salman and the Crown Prince to help Yemen...
  • Dubai conference explore ways to nullify environment challenges

    This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by the United Nations Framework Convention on Climate Change (COP28).
  • Ukraine says grain harvest dropped almost 40 percent

    Kyiv, Ukraine--Ukraine estimates its grain harvest fell by around 40 percent year on year due to the Russian invasion, a representative for the country's industry told AFP Friday. "We expect a grain harvest of 65-66 million tonnes" by the end of the year, the head of the Ukrainian Grain Association Sergiy...
  • Ajman Chamber keen to strengthen trade, economic ties with Pakistan

    Ajman, UAE--Abdullah Al Muwaiji, Chairman of the Board of Directors of Ajman Chamber of Commerce and Industry (ACCI), has affirmed the Chamber's keenness to consolidate its external relations and build strong partnerships to achieve sustainable future growth for the economy of the Emirate of Ajman. This came during his meeting,...
  • UAE’s ‘Beyond2020’ provides water source to thousands of Sudanese

    Abu Dhabi, UAE--The UAE-led ‘Beyond2020’ humanitarian initiative has provided a safe source of water for about 20,000 residents of the villages of ‘Tawit’ and ‘Tahjr’ in Kassala State, eastern Sudan. Under the initiative, two small solar-powered water basins were erected in accordance with a groundwater pumping system to provide 20...
  • Egypt central bank raises key interest rates by 300 bps

    Cairo, Egypt-- The Central Bank of Egypt has raised the overnight interest rates by 300 basis points, exceeding expectations. The Monetary Policy Committee (MPC) of the Central Bank of Egypt raised the overnight deposit rate, overnight lending rate, and the rate of the main operation to 16.25 percent, 17.25 percent, and...
  • Israeli troops kill Palestinian militant in West Bank clashes

    Nablus has seen frequent clashes between Israeli troops and Palestinian militants in recent months, as the army has stepped up operations in Palestinian towns and cities in response to a wave of deadly attacks on Israeli targets earlier this year.