INSEAD Day 4 - 728x90

city

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.
  • Dubai ranks among world’s top 10 cities in Global Power City Index for second consecutive year

    Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City Index 2024 (GPCI) for the second year in a row. In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation,...
  • New Dawn over Damascus: Residents reclaim Mount Qasyun after years of curbs under Assad’s rule

    Mount Qasyun, once closed due to war, reopens as a vibrant community space where Damascus residents gather to reclaim joy, freedom, and a sense of normalcy after years of hardship.
  • How city governments can foster tech-sector growth without breaking the bank

    City governments are usually equipped to promote their cities through websites, newsletters, communications, as well as hosting delegations visiting from overseas. By leveraging existing marketing and communications to promote their innovation sectors, local governments can amplify and accelerate the successes taking place within their cities, the author adds.
  • Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward

    In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic city’s progress and strengthen Vision 2030.
  • Pakistan greenlights construction of long-awaited Iran-Pakistan gas pipeline

    Tehran, Iran -  Pakistan has decided to link the gas pipeline from the country's Gwadar port city to the Iranian border as part of the Iran-Pakistan project. According to Pakistani media, the country will expedite the project, which faced significant delays, in two phases. Pakistan’s Special Investment Facilitation Council (SIFC)...
  • China home prices edge down in January, data shows

    Beijing, China--Major Chinese cities reported falling home prices in January with narrowing declines, official data showed on Friday. The National Bureau of Statistics reported that 56 of 70 large and medium-sized cities saw month-on-month drops in new home prices, down from 62 in December 2023. Additionally, 68 such cities registered...
  • Iran and Turkey to set up free trade zone at border in Khoy city

    Tehran, Iran--Iran and Turkey will join hands to set up a free trade zone at the border crossing in Khoy city. Head of the Iranian-Turkish parliamentary friendship group in the Iranian shura council Adel Najafzadeh said during the recent visit of the Iranian President Ebrahim Raisi to Turkey, Raisi and...
  • Libya requires $1.8bn to rebuild flood-devastated areas, says report

    TRIPOLI, LIBYA - The flood that devastated Libya's eastern port city of Derna last year has impacted up to 1.5 million people and will require $1.8 billion for reconstruction, according to a new report. On September 10, Storm Daniel hit the east coast of Libya, causing floods that collapsed two dams...
  • Marafy: Saudi Arabia unveils another ambitious megacity project

    Riyadh, Saudi Arabia - Saudi Arabia has revealed plans for a remarkable megacity project named Marafy, following in the footsteps of its visionary project, Neom. Marafy is set to become a vibrant urban center located to the north of Jeddah, offering a stunning waterfront reminiscent of London's iconic landscape. This...
  • Ajman records US$1.01 billion in construction contracts in H1 2023

    Ajman, UAE-- The value of construction contracts in the emirate has exceeded $1.01 billion during the first half of 2023, in line with its strategic goal to achieve the sustainable development of the construction and contracting sector, according to the Ajman Municipality and Planning Department. Abdul Rahman Mohammed Al Nuaimi,...
  • Deadliest quake in decades kills over 1,000 in Morocco; rescue bid is on

    Following the devastating earthquake in Morocco on Saturday that killed more than 1,000 people so far, the UAE, Iran, Iraq, Jordan, Algeria and Israel along with several other countries offered condolences, support, and assistance. UAE President Sheikh Mohamed bin Zayed Al-Nahyan emphasized solidarity with Morocco and ordered critical relief delivery.
  • Four Saudi cities find top slots on IMD Smart City Index for 2023

    Riyadh, Saudi Arabia--Four cities in Saudi Arabia were placed in the IMD Smart City Index for 2023. According to the index, released by the International Institute for Management Development (IMD), the Saudi capital city of Riyadh maintained its position as the third smartest Arab city. Makkah entered in the index...
  • Iraq and Jordan to set up economic city on common border

    A joint economic city is going to come up on the Iraq-Jordan border and in this regard an international tender has been set up by the two countries. The tender, according to the Jordanian ministry of industry and trade, includes preparing studies, designs, engineering plans, developing, financing, and operating the...
  • Israeli warplanes hit Syria’s Aleppo airport, says ministry

    Israeli warplanes struck Aleppo airport before dawn, causing significant damage that halted flights to and from Syria's war- and quake-battered second city, the defense ministry said. The airport has been a major conduit for aid flights since a February 6 earthquake devastated southeastern Turkey and Syria, a transport ministry official...
  • Dubai wins crown in TRENDS poll on best city in GCC

    The city has won a huge following among the people who see it not just as a city for business, but as one where families can co-exist with big money.
  • In West Bank nurse discovers own father among casualties from Israel raid

    Nablus, Palestinian Territories--When Israel conducted its deadliest raid in the occupied West Bank in almost two decades this week, a young Palestinian nurse rushed to help. As critical case after critical case succumbed to their wounds, Elias al-Ashqar, 25, let out a blood-curdling roar. "My father! My father," he screamed, as...
  • Number of visitors to Petra surges by 147 percent

    Suliman Farajat, chairman of the PDTRA, stated that tourism in the red-rose city swiftly rebounded from the Covid pandemic impact in 2022.
  • Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

    Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of the southern city of Luxor. The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," according to...
  • Mourners hit streets as Iran protests take bloody turn

    Hundreds of mourners poured onto the streets of a flashpoint Iranian city, defying a lethal crackdown on protests over Mahsa Amini's death that shows signs of turning even bloodier. This week's protests coincide with the third anniversary of "Bloody Aban"- or Bloody November - when hundreds were killed in a...
  • 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.
  • Excavators uncover artifacts at site of last Mayan stronghold in Guatemala

    Ceramics, human burial grounds and bullets from Spanish guns are among artifacts found by archaeologists in Guatemala at Tayasal, the last Mayan city to resist European conquest, officials said.
  • Dubai fifth globally in UN digital city governance survey 2022

    Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its biennial e-government survey.
  • Dubai closes in on top spot for sea trade

    The city, with a rich history of trading with the world through sea, looks to emerge as one of the top maritime cities of the world with a new bout of investments in infrastructure.
  • Saudi Crown Prince unveils designs for futuristic city The Line

    Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of THE LINE, a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature.
  • DEWA completes Smart Grid Strategy short-term goals, installs 2m smart meters

    Dubai Electricity and Water Authority (DEWA) has said it completed all short-term goals of its Smart Grid Strategy 2014-2035 as, between 2015 and 2020, it replaced all electricity and water meters with smart meters, a deployment of over two million smart meters. By automating meter readings, DEWA customers can manage...
  • 10 injured in fire at Kuwait’s largest refinery, operations unaffected

    A fire at a gas liquefaction unit in Kuwait's largest refinery Friday left 10 people injured before it was put out, the plant's operator said. The blaze "erupted during maintenance work" on the unit at Mina al-Ahmadi refinery, 40 kilometres (25 miles) south of Kuwait City, state-owned Kuwait National Petroleum...
  • Oman’s economic city Khazaen signs two pacts to carry out vital projects

    Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with national firms to carry out vital projects and attract investments and provide integrated solutions in different industrial sectors. Omani media reports said the first agreement was signed with an Omani...
  • Riyadh eyes top 10-city league with $440bn makeover

    As part of its grand "Riyadh Strategy," the kingdom will give the city a complete makeover, building satellite townships, new airports, blocks of residential apartments, commercial space, a broad network of transportation, including subways, swaths of landscape covered in green, adequate supply of drinking water, and much more.