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.
  • New York, United States -- Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into its Android mobile operating system. The line-up of new products included a foldable phone, improved Pixel smartwatch, and ear buds all synced to work with AI and each other. "Pixel...
  • AD Ports, IDB ink deal to enhance UAE-Iraq trade flows

    Abu Dhabi, UAE - AD Ports Group and International Development Bank (IDB) have signed a deal to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. IDB aims to provide its services to corporate clients and support a range of key infrastructure...
  • Germany bans chipmaker’s sale to Chinese firm

    Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the hands of Chinese state-linked companies. In particular, the microchip industry has come under scrutiny, as it produces key components used across industry.
  • Jordan sets up program to protect witnesses, whistleblowers

    Amman, Jordan— Funded by the Canada Fund for Local Initiatives (CFLI), Jordan has launched a program aimed at better protecting witnesses, whistleblowers and experts involved in corruption cases. MP Omar Ayasra emphasized  the significance of providing witnesses and whistleblowers with protection during a ceremony held on Monday to launch the...
  • Tropical Storm Nicole delays launch of NASA Moon rocket

    After two launch attempts were scrubbed this summer because of technical problems, the rocket had to be returned to the Vehicle Assembly Building to protect it from Hurricane Ian.
  • Crypto billionaire Sam Bankman-Fried falls prey to Binance

    Described by his admirers as the white knight of a sector plunged into turmoil, SBF suddenly saw its star fade when Changpeng Zhao expressed doubts about the solvency of Bankman-Fried's Alameda Research and decided to withdraw its capital.
  • Turkey says Greek governor detained due to technical error

    Istanbul, Turkey— A senior Greek official was detained in Turkey at the weekend because of what the Ankara government described as a technical error, Turkish media reported on Tuesday. Athens issued a formal complaint on Saturday after Apostolos Tzitzikostas, the governor of the Greek province of Central Macedonia, was detained for...
  • UAE, Russia discuss ways to bolster medical collaboration

    DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...
  • Sweden seeks Turkish approval for its NATO membership

    Despite the change in stance in Stockholm, some analysts believe Turkey's presidential and parliamentary elections in June 2023 could delay the Nordic NATO bids.
  • ITA Air chief quits amid clash over sale

    Chairman Alfredo Altavilla was accused of obstructing an offer by US investment fund Certares, Delta Airlines and Air France-KLM in favor of a proposal by Germany's Lufthansa and shipping group MSC.
  • US seizes US$3.4bn in bitcoin stolen from Silk Road

    New York, United States— The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago. James Zhong, 32, pleaded guilty Friday to committing wire fraud in September 2012 ago when he...
  • EU warns of retaliation against US electric car subsidies

    Paris, France - The European Union threatened Monday to take retaliatory measures against the United States for electric car subsidies that favor domestic manufacturers. The 27-nation bloc is upset about Washington's "Inflation Reduction Act", which will see vast spending on green energy initiatives and includes tax breaks for US-made electric...
  • Food prices declined in October, says Jordan trade minister

    AMMAN, JORDAN - Jordan Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali said Monday that food prices in the local market declined last month as global prices fell and also as a result of government measures. In a statement, the minister also attributed the decline to...
  • Jordan’s real estate trading up 23% in January-October of 2022

    AMMAN, JORDAN - Jordan's real estate trade picked up by 23 percent to US$6.8 billion (JD4.875 billion) in 2022's January-October period, in comparison to figures reported in the same period of 2021. The Department of Land and Survey (DLS) revealed on Monday that the state's revenue from the real estate...
  • Vietnam struggles to shake off its coal addiction

    During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase out the dirtiest of those already running, even as energy demands soar in the manufacturing powerhouse.
  • Iran government grapples with fresh bout of protests

    The protests were fanned by fury over the restrictive dress rules for women, over which Amini had been arrested. But they have now become a broad movement against the theocracy that has ruled Iran since the fall of the shah.
  • Commercial operations begins at Al-Zour Refinery project in Kuwait

    Kuwait City, Kuwait - The Kuwait Integrated Petroleum Industries Company (KIPIC) has started commercial operations of the first phase of Al-Zour Refinery project. The project started last month to produce and sell primary quantities of fuel oil and supply it to local electric power stations. Acting CEO of KIPIC Waleed...
  • Iraqi lawmakers consider bill to reinstate military conscription

    It would take two years after the passing of the law to fully restore conscription, Iraqi MP Watout said, adding that only-sons and breadwinners would be exempted.
  • SCC approves proposals on Council’s establishment law

    SHARJAH, UAE - The Sharjah Consultative Council (SCC) approved several proposals submitted by the council's members on the Consultative Council establishment law. The session was chaired by Ali Mehd Al Suwaidi, Chairman of the Council, as part of SCC's work for the fourth ordinary session of the 10th legislative term...
  • UAE, Jordan ministers discuss global, regional issues

    Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs and International Cooperation, Sheikh Abdullah bin Zayed Al Nahyan.
  • Six displaced Syrians killed in regime rocket strike: monitor

    According to the Observatory, the rocket fire came the day after five Syrian forces members died in shelling by a group affiliated with HTS.
  • Five things to know about Egypt’s pharaoh Tutankhamun

    The tomb of Tutankhamun, who died aged 19 around 1324 BC after nine years on the throne, was discovered by British archaeologist Howard Carter and his Egyptian digging team in the Valley of the Kings near Luxor in November 1922.
  • Israeli army kills Palestinian teen in West Bank

    Ramallah, Palestinian Territories— Israeli forces shot dead an 18-year-old Palestinian on Saturday near Ramallah in the occupied West Bank, the Palestinian health ministry said. Musaab Nafal died "from severe wounds sustained by occupation (Israeli) bullets near the village of Sinjil", the ministry said in a statement. The Israeli army said soldiers...
  • Saudi, Australian ministers discuss trade, bilateral ties

    Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing Timothy Ayres in Sydney.
  • Total broad money supply in Qatar reaches US$189bn in September 2022

    The Planning and Statistics Authority (PSA) has released the 105th issue of (Qatar; Monthly Statistics) bulletin for the month of September, which showed total broad money supply (M2) increasing 11.4 percent YoY to US$189 billion (QR 688 billion).
  • FANR highlights its robust nuclear safeguards regime

    UAE's Federal Authority for Nuclear Regulation (FANR) has recently participated in the 14th Symposium on "International Safeguards: Reflecting on the Past and Anticipating the Future", hosted by the International Atomic Energy Agency (IAEA) at its headquarters in Vienna.
  • Italy allows migrant rescue ship dock for health checks

    Rome, Italy— Italy will allow an NGO ship carrying 179 migrants rescued in the Mediterranean to dock so medics can carry out health checks, the country's foreign minister said Friday. Antonio Tajani said that German NGO SOS Humanity's vessel Humanity 1 would head for Catania, Sicily, and "be able to stay...
  • UAE’s FNC members discuss cooperation with German Parliament

    Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz, Chairperson of the Group, met with Alexander Radwan, Member of the German Bundestag.
  • Saudi-Finnish business forum discusses enhancing trade ties

    HELSINKI, FINLAND - Heading a high-level delegation to Finland, Saudi Arabia's Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid bin Abdullah Al-Qasabi stressed on the need to strengthen and diversify the bilateral trade between the two countries. Al-Qasabi said...
  • German industries explore investment opportunities in UAE

    Some of Germany’s leading industrial companies participated in a roundtable event hosted by the UAE Ministry of Industry and Advanced Technology at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022.
  • UAE, Indonesia to cooperate in energy sector

    UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and exchange knowledge and data in the energy sector.
  • UNESCO says Yellowstone, Kilimanjaro glaciers can vanish by 2050

    The UN warning followed a study of 18,600 glaciers at 50 World Heritage sites -- covering around 66,000 square kilometers (25,000 square miles) -- which found glaciers at a third of the sites were "condemned to disappear".
  • Six grain ships depart Ukraine ports after Russia rejoins deal

    Moscow had said on Saturday that it was temporarily pulling out of the grain deal, accusing Ukraine of using a safe shipping corridor established under the agreement to launch a drone assault on its Black Sea fleet.
  • Saudi, Turkish media leaders discuss cooperation

    The meeting discussed news exchange, news agencies, radio, Television, media regulation and international media relations.
  • Google looks to develop AI in one thousand languages

    As progress is made on the project, which is estimated to take several years, Google plans to integrate its advances into its products, including YouTube and Google Translate.
  • Qatar authorities seize 144 counterfeit World Cup trophies

    The interior ministry of Qatar said officers launched an operation "acting on a piece of information about a website that promotes the sale of cups that mimic the true shape of the World Cup."
  • Kazakhstan impounds jewels worth US$230m from ex-leader’s nephew

    Almaty, Kazakhstan—Kazakhstan's anti-corruption agency said Wednesday it had seized jewels worth more than $230 million, in a case involving the nephew of ex-leader Nursultan Nazarbayev. "As a result of operational-search activities, exclusive gems and precious stones worth 230 million US dollars" were seized, the agency said in a statement. The agency...
  • Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

    Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to strengthen cooperation between the two cities and further enhance relations between the UAE and the Kyrgyz Republic.
  • Musk seeks changes at Twitter as he finalizes takeover

    After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.
  • Toyota leaves net profit forecast unchanged despite production woes

    Tokyo, Japan— Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets. The world's top-selling automaker said it now expects to sell half a million fewer vehicles in the current financial year because...
  • DEWA adds 600MW of clean energy production capacity

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added 300 megawatts of photovoltaic solar energy in 2022 from the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park using the Independent Power Producer (IPP) model. The Solar...
  • ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025

    Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15 percent by 2025, which is the lowest in the Middle East. ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard...
  • Hong Kong looks to legalize crypto for retail investors

    Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus of talent authorities say they now want to reverse.
  • China’s factory activity contracts on Covid curbs

    The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 49.2, down from September's 50.1 and below the 50-point mark separating growth from contraction, according to data from the National Bureau of Statistics (NBS).
  • DEWA commissions 389 11kV substations in Q3 of 2022

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of its efforts to deliver state-of-the-art infrastructure according to the highest international standards. These stations are mainly located at Wadi Al Safa Fifth, Al Merkad,...
  • Ma’aden, Barrick Gold alliance get license to explore mining site in Saudi Arabia

    Saudi Arabia's Ministry of Industry and Mineral Resources announced that Saudi Arabian Mining Company Ma'aden and Barrick Gold Ltd alliance have obtained a license to explore the mining site of Umm al-Damar.
  • Sharjah Taxi to scale up its fleet of hybrid cars by 65 percent

    Sharjah, UAE— Sharjah Taxi intends to increase the number of its hybrid cars running on both fuel and electricity. The decision is in line with the Emirate’s vision to rationalize the use of energy, in accordance with its development goals and agenda. The company had previously completed hybrid vehicle conversions...
  • 21 Saudi Universities figure in Times Higher Education list

    RIYADH, SAUDI ARABIA - The number of Saudi universities in the Times Classification of Specializations increased to 21 Saudi universities, compared to six universities in 2019, as per the latest edition of the ranking for the year 2023. Saudi universities are distinguished in 10 major disciplines out of the 11...
  • Jordan cabinet reshuffle aims at modernization plans

    Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the beginning of the country's bicentennial, Minister of Government Communications Faisal Shboul said.
  • DFSA signs agreement with Bangladesh SEC

    DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) to enable exchange of information between the two authorities. The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC...
  • Saudi culture ministry provides training in UNESCO program

    Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man and The Biosphere (MAB), a UNESCO program.