INSEAD Day 4 - 728x90

Italy

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.
  • India-Middle East-Europe Corridor will change face of Middle East: Netanyahu

    Tel Aviv, Israel - Israel's Prime Minister Benjamin Netanyahu has welcomed the launch of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as the "largest cooperation project in our history" that will have a profound impact on the Middle East, Israel, and the world. Leaders from the United States, India, Saudi...
  • West blocked Russian assets worth $280bn, says US treasury

    Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the overall value of sovereign Russian assets, blocked by the West, at $280 billion. “The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury...
  • 21 agreements and MoUs signed at Saudi-Italian Investment Forum

    Milan, Italy -- The Saudi-Italian Investment Forum, jointly organized by the Saudi Ministry of Investment and the Italian Ministry of Enterprises and Made in Italy, has witnessed the signing of 21 agreements and memoranda of understanding (MOUs) across various sectors.Hosted in Milan, the Forum was attended by the Saudi Minister...
  • Italy’s Eni plans to invest $7.7 bn in Egypt

    Cairo, Egypt - Italian energy giant Eni has revealed plans to invest $7.7 billion in Egypt's energy sector over the next four years, according to Egyptian Presidential spokesman Ahmad Fahmi. "The President values the distinguished Egyptian-Italian relations and the extended partnership with Eni, which executes multiple activities in Egypt according...
  • Cage fight with Zuckerberg will be in Italy, says Musk

    WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event." While any showdown between the two tech titans has yet to be officially confirmed, Musk said on Friday on his X...
  • 41 migrants missing after new Mediterranean shipwreck

    The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian port of Sfax, said a joint statement from the UN agencies for refugees, children and migration. The survivors -- a 13-year-old boy on his own, a woman and two men...
  • Lebanon hands over alleged Italian mafia member, says judicial official

    BEIRUT, LEBANON - Lebanon on Thursday handed over to Italian authorities an alleged member of Italy's notorious 'Ndrangheta mafia wanted for involvement in the international drug trade, a judicial official said. Lebanese authorities "handed over Bartolo Bruzzaniti, 48 ... to an Italian security delegation which put him on a private plane...
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid". In 2021, UEFA initiated...
  • Italy’s Eni Q2 profits down

    Adjusted net profit also fell down 49 percent in the second quarter.
  • COP28 urges governments to make ‘food systems’ central to climate change

    Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture and Climate Action", the COP 28 Presidency launched its Food Systems and Agriculture Agenda during the Food Systems Summit in Rome. It forms part of its continued work to define...
  • UAE president meets with Arab and EU leaders in Italy

    The president met with a string of leaders from the Arab world and the European Union and discussed ways to deepen partnerships with these countries. During the meetings, Sheikh Mohamed explored ways with the leaders to support and develop these relations for the benefit of the people of all countries...
  • Italy calls Med migration conference on Tunisia model

    Italy and the European Commission have sought to step up engagement with Tunisia, promising funding if the country undertakes to stem emigration from its territory. According to the UN, more than 100,000 migrants arrived by sea to Europe -- most to Italy -- in the first six months of 2023,...
  • Almost the entire world is experiencing record heatwaves

    Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...
  • FAO says world cereal production to reach record high in 2023-24

    ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal Supply and Demand Brief, released by the Food and Agriculture Organization (FAO) on Saturday. FAO raised its 2023 global cereal production forecast to 2 819 million tonnes, indicating a 1.1...
  • HRW urges Tunisia to stop expelling African migrants to desert

    Hundreds of migrants from sub-Saharan Africa have been left stranded in dire conditions in the south of Tunisia since being driven out of the port city of Sfax in the past week. The rights group's statement comes against a backdrop of violence after the funeral of a 41-year-old Tunisian man...
  • Italy warns against ECB decision to increase interest rates

    The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool inflation after Russia's war in Ukraine sent energy and food prices surging.
  • Global body to fund 26 FAO projects worth $174.7m

    ROME, ITALY - Building on growing momentum to tackle environmental problems by addressing the ways in which our food and fiber are produced, the Global Environment Facility has approved 26 projects led by the Food and Agriculture Organization of the United Nations (FAO). "To achieve the 2030 Agenda we need...
  • Lufthansa to sell payments subsidiary

    The German group will sell AirPlus to Sweden's SEB Kort Bank.
  • Riyadh faces Rome and Busan in race to host World Expo 2030

    Paris. France -- The candidature of Saudi Arabia (for Riyadh), South Korea (Busan) and Italy (Rome) for World Expo 2030 would be decided in an election in November this year, the Bureau International des Expositions (BIE) said on Tuesday. At the 172nd General Assembly of the BIE on Tuesday, Member...
  • US exhorts Tunisia to agree to IMF reforms after EU offer

    The EU offered a 900-billion-euro aid package -- contingent on Tunisia reaching an IMF deal. But Tunisian President Kais Saied has repeatedly refused "diktats" from the IMF and the US has led accusations that the birthplace of the Arab Spring is falling to authoritarianism after the dissolution of parliament and...
  • EU offers Tunisia more than $1bn to boost economy, reduce migrant flows

    The EU is ready to offer Tunisia a 900-million-euro package plus 150 million euros in immediate support, European Commission head Ursula von der Leyen said. Aside from trade and investment, it would help Tunisia with border management and to combat human trafficking, with support worth 100 million euros this year,...
  • Tunisia visit: EU chief to discuss economic and migration concerns

    "Discussions will focus on the bilateral relations between the EU and to Tunisia," Commission spokesman Eric Mamer said. "An agreement on cooperation in the areas of the economy, energy and migration will be at the heart of those discussions."
  • Italian PM says making efforts for Tunisia IMF bailout

    Italian Prime Minister Giorgia Meloni said Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle its growing migrant problem. She was speaking after talks in Tunis with President Kais Saied whose country is going through a dire financial crisis, political tensions. Tunisia is also a...
  • NEOM’s first international exhibition held in Venice

    Venice, Italy - More than 20 of the world’s leading architects, designers, and future thinkers led a major opening event for NEOM’s first international exhibition in Venice. The exhibition marks the launch of the concept of Zero Gravity Urbanism and the design principles behind THE LINE, NEOM’s groundbreaking linear city....
  • After hitting Russia with new sanctions, G7 leaders visit Hiroshima memorial

    G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to a sodden red carpet welcome from Prime Minister Fumio Kishida, who is from Hiroshima. The leaders were also scheduled to speak with survivors of the bomb, which killed some 140,000...
  • Saudi Arabia looks to widen trade and investment ties with Italy

    Riyadh, Saudi Arabia--Saudi Arabia is keen to deepen trade and economic ties with Italy from the current volume of trade estimated to be around US$8 billion. In this connection, the members of the Saudi business sector delegation, represented by the Saudi-Italian Business Council, concluded their visit to Italy, during which...
  • British coronation: World leaders congratulate Charles III, Camilla

    Leaders in the United States and Europe sent congratulations to Britain's King Charles III and Queen Camilla on their coronation on Saturday, while China called for "cooperation" and "peace". Charles III was crowned monarch of the United Kingdom and 14 Commonwealth realms on Saturday at Britain's first coronation for 70...
  • Car sales vault in Europe, cross 1 million mark first time since 2021

    Paris, France--Sales of new cars jumped last month in Europe, surpassing the level of one million for the first time since June 2021, according to data from the European Automobile Manufacturers Association published on Wednesday. New car registrations hit 1,087,939 in March, an increase of 28.8 percent from the same month...
  • More than 40 people killed in Syria attacks blamed on IS

    The Observatory, which has a wide network of sources on the ground in Syria, said fighters riding motorbikes also attacked a group of shepherds in the eastern province of Deir Ezzor, killing five and seizing their livestock. Two other shepherds were kidnapped, the war monitor said.
  • WFP stops Sudan operation after three members killed in violence

    The UN's food agency said it was suspending work in Sudan after three staff were killed in the Darfur region, as fighting raged between the army and paramilitaries. "I am appalled and heartbroken by the tragic deaths of three WFP employees on April 15," Cindy McCain, executive director of the...
  • Tunisia recovers 14 more migrant bodies after shipwreck

    Tunisia has recovered 14 bodies of migrants from sub-Saharan Africa in the Mediterranean, bringing to 24 the number of dead after their boat headed for Europe sank, the coastguard said. The spokesman for the National Guard announced that 41 Tunisian migrants, including five women and nine children, had been "rescued"...
  • Italy calls for unconditional pre-reform bailout package for Tunisia

    Tunisia reached a deal in principle in October with the IMF for nearly $2 billion to shore up its sinking economy but the bailout still needs approval by the IMF board, which is pressing for reforms, primarily on the economy. Tunisia is heavily indebted and facing high inflation and unemployment.
  • 20 sub-Saharan migrants missing after boat sinks off Tunisia coast

    They were among 37 people aboard the vessel which had left from Tunisia's coast and then "sank on Friday afternoon", Faouzi Masmoudi, the court spokesman in Sfax city, told AFP, adding that 17 people were rescued.
  • Tunisia intercepts over 14,000 migrants in January to March 2023

    TUNIS, TUNISIA - Tunisia's coastguard said Friday it had intercepted over 14,000 migrants trying to reach Europe from January to March, more than five times the number of those who attempted the trip in the first quarter of 2022. "Coast guard patrols prevent 501 clandestine attempts to cross the maritime border...
  • Italy to investigate Meta over music copyright violations

    Meta is accused of exploiting its dominant position in the market "by asking SIAE to accept an inadequate economic offer, but without providing the appropriate information to assess its actual fairness," the watchdog said.
  • Norway contributes US$23.7m of flexible funding to FAO

    ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from the Norwegian government to scale up its response to humanitarian crises and emergencies. The contribution represents the largest single un-earmarked funding of its kind to date. The funds will be...
  • Italy blocks AI chatbot ChatGPT over data privacy failings

    Italy became the first western country to take such action against the popular chatbot. The country's Data Protection Authority said US firm OpenAI, which makes ChatGPT, had no legal basis to justify "the mass collection and storage of personal data for the purpose of 'training' the algorithms underlying the operation...
  • Tunisia recovers 29 bodies after three migrant vessels capsize

    Several shipwrecks have left dozens of migrants dead in the country that serves as a key conduit for migrants seeking to reach nearby European shores. It comes after President Kais Saied made an incendiary speech last month, accusing sub-Saharan Africans of representing a demographic threat and causing a crime wave...
  • Greece, Italy to discuss rail ‘restart’ after tragedy: PM

    Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains run by an Italian state company. The Prime Minister Kyriakos Mitsotakis told reporters that he will discuss the way in which the Italian government will be able to support the...
  • Dozens of sub-Saharan migrants missing in latest Tunisia shipwreck

    The boat carrying 38 people had set off Thursday from near Sfax and was attempting to reach Italy, said Fawzi El Masmoudi, a court spokesman in the port city. Sub-Saharan African migrants residing in Tunisia have been living in fear since an incendiary speech by President Kais Saied speech last...
  • Vertical farming project launched in Abu Dhabi

    Abu Dhabi, UAE--ADQ has launched a vertical farming project in partnership with ZERO, a technology company based in Italy. Dubbed as the ZERO project, it is the first of several controlled environment agricultural concepts that will be housed in the AgTech Park and will aim to enhance indoor farming locally,...
  • Tunisia dismisses EU official’s ‘looming economic collapse’ warning

    European Union foreign policy chief Josep Borrell had warned Monday that if crisis-torn Tunisia "collapses economically or socially then we will be in a situation where new flows of migrants will come to Europe". An EU delegation arrived in Tunisia on Tuesday to examine "the political and socio-economic situation" and...
  • Libyans brace for low-caffeine Ramadan days

    The love for espresso is the relic of the Italian colonial rule in Libya. Tripoli is dotted with cafes, all equipped with sophisticated Italian coffee machines.
  • Libya’s boxers recover from Kadhafi-era knockout

    Boxing and other combat sports were banned by Moamer Kadhafi. Officially, authorities considered boxing too violent.
  • Boat capsizes off Libya, nearly 30 migrants feared drowned

    Italy's coastguard said the boat in distress was in Libya's search-and-rescue zone, and that the deadly episode laid bare "the inactivity" of other countries in the Mediterranean. The latest disaster in the Mediterranean comes exactly two weeks after a shipwreck off Italy's southern coast of Calabria that killed at least...
  • Over 1,000 migrants brought safely to Italian ports

    ROME, ITALY - Over 1,000 migrants were brought to safety at two Italian ports on Saturday after the overcrowded boats they were on encountered problems in the Mediterranean, news reports said. The rescues came the same day as a body was discovered of the 74th victim of the deadly shipwreck...
  • UAE, Italy enhance bilateral relations to Strategic Partnership level

    ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to the Strategic Partnership level. The announcement came during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan  and Italy's Prime Minister Giorgia Meloni at Al Shati Palace in Abu...
  • Six EU countries urge Israel to stop settlement expansion in West Bank

    LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank. Britain, France, Germany, Italy, Spain and Poland have also jointly condemned the recent attack on Israeli citizens by Palestinian groups. In a joint statement, they said, "We urge the Israeli government...
  • Tunisian footballer reaches Italy on migrant boat, says club

    TUNIS, TUNISIA -  A goalkeeper at a top-flight Tunisian football club has reached Italy as a clandestine migrant, his club said Friday, as the dire economy pushes thousands into making similar journeys. "Due to the financial crisis facing the club, and difficult living conditions (in Tunisia), the goalkeeper of Avenir Sportif...
  • Sexting chatbot ban brings AI rules in focus

    Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring for them to be tightly controlled.