INSEAD Day 4 - 728x90

initiative

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, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction of seamless cross-border payments. The initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE.  Traditionally, the process of investing...
  • Saudi Arabia launches documentary Horizon on wildlife  

    RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a documentary called Horizon that, in collaboration with the National Center for Wildlife, highlights the abundance of wildlife and natural resources in the Kingdom. The documentary is currently being shown on...
  • Saudi Arabia releases 132 animals in NEOM Nature Reserve

    RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals into the NEOM Nature Reserve. This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild. The released species...
  • Huawei to invest $430m in Northern Africa over 5 years

    Shanghai, China - Huawei has unveiled an ambitious five-year initiative that will see a total investment of $430 million dedicated to driving technological advancement and digital transformation in the 28 countries located north of the equator within the African continent. The investment plan is structured as follows: $200 million will...
  • Dubai Chambers saves water, works on sustainability agenda

    DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres of water between June 2022 and June 2023, equivalent to 3,822 five-gallon bottles. The savings were achieved as part of the chambers’ participation in ‘Dubai Can’, a sustainability initiative launched...
  • Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

    RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The statement is as follows: On July 16, in Jeddah, Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Kishida Fumio,...
  • IDB inks pact with IRENA

    IDB will fund renewable projects by joining ETAF platform.
  • Dubai Chambers launches program to enhance customer service

    DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer service. The Service Excellence Program (SEP) will evaluate the quality of customer experience delivered by private sector companies through mystery shopper reports. The initiative will ensure the implementation of global...
  • Initiative by Digital Economy Chamber to help firms set up in Dubai

    DUBAI,  UAE -  Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a new initiative to help tech companies set up in Dubai. The initiative will provide a comprehensive package of services designed to support tech and digital startups, SMEs, and multinational corporations...
  • Dubai Can initiative cuts single-use plastic bottle usage by over 7mn

    The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city.
  • UAE unveils ‘Emirates Health’ at medical conference in Dubai

    Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today at the Dubai World Trade Centre and will conclude on 2nd February, 2023. The Ministry of Health and Prevention (MoHAP), the Department of Health—Abu Dhabi (DoH), and the Dubai Health...
  • DEWA launches plan for fast approval of electricity connections  

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and consultants receive approval on the first instance when requesting electricity connections. This initiative will save the contractors and consultants time and effort and speed up the workflow. The initiative includes...
  • WEF launches initiative to channelize US$3trn for climate and nature

    The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050. The GAEA is a global initiative to fund and grow new and existing public, private...
  • Abu Dhabi deploys drones to plant a million mangrove seeds

    Abu Dhabi, UAE--The Environment Agency of Abu Dhabi (EAD) has planted one million mangrove seeds using drones as part of the first phase of a drone mangrove plantation project. The Abu Dhabi Mangrove Initiative was announced in February 2021 during Prince William's visit to the UAE. This initiative, which is...
  • 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...
  • IFC, UNHCR to jointly boost private sector engagement for refugees, host communities

    GENEVA, SWITZERLAND - The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, Friday announced a joint initiative to create inclusive economic opportunities that will benefit refugees and their host communities. The initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of...
  • Mohammed bin Rashid approves Dubai rural area development master plan

    DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the Dubai Countryside and Rural Areas Development Master Plan, spanning an area of 2,216 square kilometers. The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al...
  • Ajman Bank and Mastercard collaborate to launch Touch Card

    Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted people to easily facilitate payments and distinguish between their cards.
  • Makkah governor launches $4bn projects in the region

    The new initiatives are expected to support environmental and water sustainability in accordance with the Saudi Vision 2030.
  • Sharjah Police returns around AED500m to owners in 2021

    A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover their money without resorting to courts.
  • Saudi Arabia and United Nations sign agreement to combat land degradation

    Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley has signed a cooperation agreement with the United Nations Convention to Combat Desertification (UNCCD) Executive Secretary Ibrahim Thiaw, which aims at executing the items of the Global Initiative on Reducing Land Degradation and Enhancing Conservation of Terrestrial Habitats. The agreement...
  • John Kerry

    US climate envoy to take part in Middle East Green Summit

    John Kerry, the US climate envoy, will be in Saudi Arabia on Sunday to participate in the Middle East Green Initiative Summit.
  • A deposit to fund green projects in Middle East

    HSBC UAE has managed to secure the first green deposit from Saudi British Bank (SABB) through its new program dedicated to supporting sustainable initiatives.
  • Saudi Arabia digitizes 50m realty papers under National Transformation Program

    Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It is one of the initiatives of the Ministry of Justice in the National Transformation Program.