INSEAD Day 4 - 728x90

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$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy 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
  • Israel says forces carrying out ‘offensive action’ in south Lebanon

    Israeli forces are carrying out "offensive action" across southern Lebanon, Defence Minister Yoav Gallant said Wednesday without specifying whether ground troops had crossed the border. He also claimed that "half of Hizbollah's commanders in southern Lebanon have been eliminated" in months of violence.
  • As ‘news deserts’ spread, US journalism fights on

    Baltimore, United States - Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance by Maryland's state governor and celebrity chef Jose Andres at an urban farm. With her notebook wedged under her arm and a Banner-branded baseball cap on her head, Gellman is...
  • ADQ buys stake in Plenary Group

    The deal is aimed at expanding public and social infrastructure.
  • Israel pummels Gaza after US approves military aid

    US-Israeli relations been strained by Israel's conduct of the war in Gaza and Israeli Prime Minister Benjamin Netanyahu's determination to send troops into the southern Gazan city of Rafah, where 1.5 million people are sheltering, many in makeshift encampments. Fears are rising that Israel will soon launch an assault on...
  • isael, senate, gaza, ukraine

    Israel thanks US Senate for approving military aid

    Israel's foreign minister on Wednesday thanked the US Senate for approving $13 billion in military aid that he said sent a "strong message" to the country's enemies. "I thank the US Senate for passing the Israel aid package tonight with an overwhelming bipartisan majority," Israel Katz posted on social media...
  • Lebanon’s Hizbollah launched ‘dozens’ of rockets at Israel after civilian deaths

    Hizbollah fighters fired "dozens of Katyusha rockets" at northern Israel "as part of the response to the Israeli enemy's attacks on... civilian homes, specifically the horrific massacre in Hanin and the killing and injuring of civilians," the group said in a statement.
  • 30% productivity leap: Building the machinery of tomorrow

    By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a more productive and sustainable future, suggests Bain & Company's report.
  • FPT and Nvidia to build AI factory

    Nvidia had invested around $250 million in Vietnam.
  • Baby delivered from dying mother’s womb in Gaza ‘miracle’

    At just seven months pregnant, her mother, Sabreen al-Sakani, reached the emergency unit in critical condition after she was fatally wounded in the head and abdomen at the weekend. An Israeli air strike hit her family's house in Rafah
  • Qatar reveals program, speakers for Autonomous e-Mobility Forum

    Doha, Qatar – The Autonomous e-Mobility (AEMOB) Forum, a groundbreaking initiative in the realm of sustainable transportation, announced its final program and speakers lineup on Tuesday. Under the patronage of Jassim Saif Ahmed Al-Sulaiti, Minister of Transport, and in partnership with the Ministry of Transport (MOT) of Qatar, the forum...
  • Tunisia, Algeria, Libya hold ‘advisory’ meeting to create new regional coalition

    The meeting was decided on by Algerian President Abdelmajid Tebboune, Libya's head of presidential council Mohamed Al-Menfi and Tunisian President Kais Saied when they met at an energy summit in Algeria last month. When the meeting was announced, Moroccan media outlets said it had been part of Algeria's aim to...
  • Business and leisure combo drives GCC tourism boom

    Business travelers worldwide are drawn to the GCC countries due to their rapidly growing economies, strategic geographic locations, and ambitious infrastructure development plans.
  • Water, oil and security on agenda as Erdogan visits Iraq

    The Turkish leader met with Iraqi President Abdel Latif Rashid in Baghdad. He told Rashid that Turkey "had expectations of Iraq regarding the fight against the terrorist organization PKK, and that Iraq must be rid of all forms of terrorism", according to his office.
  • Swiss reserve hike hits UBS

    The reserve requirement will increase from 2.5% to 4% from July 1.
  • Rockets fired from Iraq at US-led coalition base in Syria

    Rockets were fired late Sunday from northern Iraq at a military base in Syria housing a US-led coalition, according to Iraqi security forces. In response, the Iraqi forces launched a major search operation in northern Nineveh province and found the vehicle used in the attack, they said in a statement....
  • Syria has held ‘meetings’ with US: Assad

    The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked war in 2011, and many Western and Arab states also severed relations.
  • ‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’

    GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo Travel, tells TRENDS in an exclusive interview.
  • Iran, Israel appear to pull back from brink as US approves military aid

    Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the arch enemies could tip over into a broader war in the Middle East. However a deadly blast at an Iraqi military base underlined the persisting tensions in the region.
  • Luxury goods boom in Gulf draws global investors

    The region's luxury goods market was worth US$ 10.52 billion in 2023, with long-term growth expected, reaching US$ 13.70 billion by 2028.
  • Erdogan urges Palestinian unity after meeting Hamas chief: office

    Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait, that Turkish media reports said lasted more than two and a half hours. "It is vital that Palestinians act with unity in this process. The strongest response to Israel and...
  • AI is revolutionizing news ecosystem: Expert

    Generative AI has removed barriers in the previous generation of AI such as news devices, new hardware and technical expertise, an expert says.
  • Despite sanctions, Iran oil exports hit six-year high: report

    Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of this year, primarily to China, data from Vortexa reveals. This marks the highest export level since the third quarter of 2018. The success in oil exports highlights the challenges faced...
  • Calls for calm after reported Israeli strike on Iran

    An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was intended to signal that Israel was able to hit inside Iran. Iran's Tasnim news agency, citing "informed sources", denied that Iran had been attacked from outside.
  • Here is why sovereign sukuk is a game changer

    It presents a more cost-effective alternative to conventional sovereign bonds, particularly for governments with lower credit ratings, a report has said.
  • Japanese AI tool predicts when recruits will quit jobs

    Tokyo, Japan -- Bosses worried about turnover or wondering how long a new hire will stick around can now turn to AI for a heads-up on who might be next out the door. The artificial intelligence tool was developed by Japanese researchers to try and help managers provide targeted support to...
  • Meta releases beefed-up AI models

    The models are built on new versions of publicly available Llama 3.
  • G7 nations oppose ‘full-scale military operation in Rafah’

    Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in Gaza during Israel's military offensive.
  • oil, prices, crude, asian stocks

    Oil prices surge, Asian markets fall following Iran explosions

    Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent on Friday following reports of explosions in Iran, Syria, and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 4 percent to $86 and...
  • iran, israel, missile, syria

    Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran

    Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media reported Israel had carried out hits on its arch-rival Iran. Rami Abdel Rahman, head of the British-based Syrian Observatory for Human Rights, said the strikes, which he attributed to Israel,...
  • From sand dunes to boardrooms: Strategies for success in challenging times

    "Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that the survival of the business goes beyond mere profitability can serve as a powerful motivator" he adds.
  • Alkhorayef Water awarded $458m contract

    The operation and maintenance contract will be for over 15 years.
  • Norway wealth fund earns $109bn on gain in tech stocks in Q1

    Oslo, Norway -- Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday. The fund -- fuelled by the Norwegian state's oil and gas revenues -- saw a return of 6.3 percent...
  • Low-pressure system eases over UAE: Dubai Airport delays remain

    The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International Airport inbound and outbound travelers.    The UAE recorded its heaviest rainfall in the 75 years when up to 259.5mm (10.2 inches) of rain fell on Tuesday. On Wednesday, about...
  • stock market, nvidia, nasdaq,

    Top U.S. stock indices drop for third consecutive day on Wednesday

    The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the market, CNBC reported. The broad index lost 0.58% to 5,022.21, while the technology-heavy Nasdaq Composite slid 1.15% to 15,683.37. The Dow Jones Industrial Average fell by 45.66...
  • Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers

    Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets in eastern Lebanon, a Hizbollah source told AFP. According to the source, the strikes targeted a warehouse in Iaat, a residential area near Baalbek, and "lightly" wounded one man.
  • Climate impacts set to cut 2050 global GDP by nearly a fifth

    But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century, researchers reported in the journal Nature. The study projects that -- absent climate impacts after 2020 -- global GDP would double by 2050 from $100 trillion in 2022.
  • Saudi Film “Norah”, backed by Red Sea Fund, secures official selection at Cannes

    Directed by Tawfik Alzaidi, this Saudi film earned its place in the 'Un Certain Regard' section of the prestigious festival, marking a major moment for Saudi cinema on the global stage.
  • Italy PM Meloni visits Tunisia for migration talks

    Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as a key bridge between Africa and Europe.
  • Crypto soars in MENA even as it loses sheen elsewhere

    A tech-savvy population sees cryptocurrencies a safe investment option as governments adopt progressive regulatory frameworks, offering innovation and investor protection.
  • Gaza, UN, security council, israel

    UN Security Council to vote this Thursday on full Palestinian membership

    Against the backdrop of the grinding conflict in Gaza, a city largely devastated by more than six months of war and a siege on its 2.4 million people, the Security Council is expected to take up the matter of full Palestinian UN membership this Thursday, several diplomatic sources told AFP....
  • iran. missile, Israel, sanctions

    US, EU to impose fresh sanctions on Iran following recent missile attack on Israel

    The United States announced Tuesday that it was preparing new sanctions on Iran's missile and drone program after last weekend’s attack on Israel, and the EU's foreign policy chief signaled the bloc would levy new punitive measures as well. Iran has characterized its attack on Israel as an act of...
  • Putin talks to Raisi, expresses hope for restraint in Middle East

    Moscow, Russia - Russian President Vladimir Putin and his Iranian counterpart, Ebrahim Raisi, discussed the latest escalation in the Middle East in a conversation on Tuesday, the Kremlin said, reported by Russian news agency TASS. On April 1, Israel carried out an airstrike on Iran’s consulate in Damascus and on...
  • Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

    Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and Bahrain, and left 18 dead in Oman on Sunday and Monday. Dubai airport operations were suspended for 25 minutes in the afternoon before resuming.
  • Sales of Dubai $10m-plus homes surges by 19% to $1.7bn in Q1

    Dubai, UAE -- One hundred and five homes priced in excess of US$10 million were sold in Dubai during the first three months of the year, up 19 percent on Q1 2023, according to the latest analysis from global property consultant, Knight Frank. The total value of luxury homes sold...
  • Global ocean summit nets $10 billion in pledges: Greek PM

    Athens, Greece -- An international summit on saving the oceans netted $10 billion in pledges, the prime minister of host country Greece said on Tuesday. The "Our Oceans" summit was launched in 2014 as the first international event of its kind to address all issues related to oceans, with some 122.3...
  • Heavy floods hit Dubai airport as Oman death toll rises to 18

    Dubai, the Middle East's financial center, was paralyzed by the heavy storms that caused widespread flooding around the United Arab Emirates and Bahrain. Flagship shopping centers Dubai Mall and Mall of the Emirates both suffered flooding and water was ankle-deep at least one Dubai Metro station.
  • Meet Middle East tourism’s power players

    Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent. Trends looks at some of the influential industry players driving this growth.
  • Heavy storms soak Gulf as Oman toll rises to 18

    Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and leaving cars stranded.
  • china, stock market, oil prices, iran, israel

    Equities sink, oil rallies on fears of Iran-Israel conflict

    Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend. The selling came after Wall Street's three main indexes tanked in response to forecast-beating...
  • GCC, Israel, Iran, middle east, conflict,

    ‘Bad for business’: Gulf states scramble to avert wider war

    Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies. Leaders of the resource-rich Gulf monarchies engaged in a rapid round of diplomacy after last weekend's Iranian drone and missile strikes on Israel raised...