INSEAD Day 4 - 728x90

system

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.
  • Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu Dhabi Declaration, a landmark document securing important new trade agreements that will extend the benefits of the global trading system to more nations. Following a week of intensive negotiations, Dr...
  • WTO chief economist applauds UAE ‘commitment’ to trade liberalization

    Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa, Chief Economist at the World Trade Organization (WTO), said the country's focus on low tariffs, export diversification, and active participation in the multilateral trading system demonstrates its commitment to free...
  • PureHealth partners with Dell to use AI in disease detection, data analysis

    Abu Dhabi, UAE--PureHealth has joined hands with Dell Technologies to utilise generative artificial intelligence (AI) across healthcare services including in early disease detection, medical data analysis and personalised treatment plans, further enhancing the health ecosystem in Abu Dhabi. The collaboration will harness the collective resources and technologies of both companies...
  • Saudi Ministry of Investment and Agility sign MoU to boost healthcare sector

    Riyadh, Saudi Arabia-- Saudi Arabia and Agility have signed a memorandum of understanding (MoU) to introduce cutting-edge health technology and services to the kingdom's healthcare sector. As per the terms of the agreement, Agility and MISA will explore four areas of collaboration in the healthcare sector. This includes the potential...
  • NASA capsule brings to Earth first major asteroid sample

    Dugway, United States-- A seven-year space voyage came to its climactic end Sunday when a NASA capsule landed in the desert in the US state of Utah, carrying to Earth the largest asteroid samples ever collected. Scientists have high hopes for the sample, saying it will provide a better understanding of...
  • Emirates Health Services to adopt AI technology to boost hospital care services

    Dubai, UAE-- Emirates Health Services will employ AI technology in the application of patient room monitoring system to further enhance the standards of healthcare services that align with the strategic priorities and goals of the government and EHS. In this connection, Dr. Mohammad Salim Al Olama, Chairman of the Board...
  • Red Sea Global launches ‘Tamala’ to transform agricultural economy in Tabuk

    Riyadh, Saudi Arabia--Red Sea Global (RSG) has announced the launch of the Red Sea Farms Cooperative (Tamala), established through integrated national partnerships between the government, private and non-profit sectors. Tamala aims to develop a model entity that achieves the kingdom's orientation to enhance the role of cooperatives in the agricultural...
  • EIB to finance Jordan’s upgrade of water-supply system with US$66.52mn

    Amman, Jordan--The European Investment Bank (EIB) has approved the provision of $66.52 million for Jordan to upgrade the water supply system and reduce water loss in Bani Kinanah district north of Jordan. The project is intended to improve the quality of drinking water in the targeted districts and reduce water...
  • UAE banking system maintained stable funding in Q1 of 23: CBUAE

    Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of the private sector in the country, evident in the strong demand growth for loans that were coupled with financial institutions’ increased willingness to lend in the first quarter of this...
  • Dubai Municipality unveils new online system for building permits

    Dubai, UAE-- Seeking to enhance the emirate's position as a global pioneering city in adopting the latest technology in the building sector, Dubai Municipality has launched a new online system for building permits and control services aimed at streamlining procedures for customers in the emirate. The system is aligned with...
  • UK to test new alert system on mobile phones

    LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of mobile phones set to emit a loud alarm and vibrate at 3:00pm (1400 GMT). The national system, modeled on similar schemes in Canada, Japan, the Netherlands and the United States,...
  • Israel attorney general criticizes judicial reform move

    JERUSALEM -Israel's attorney general on Friday accused Prime Minister Benjamin Netanyahu of "illegal" public intervention on the government's divisive judicial reform program, citing his ongoing corruption trial. After largely staying on the sidelines of the discussions, Netanyahu said in a televised address on Thursday he was "entering the arena" and...
  • European banking sector is resilient, says ECB

    FRANKFURT, GERMANY -  The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse. "The European banking sector is resilient, with robust levels of capital and liquidity," the ECB said...
  • Joe Biden reassures Americans about safety of banking system

    Washington, United States--President Joe Biden sought to reassure Americans over the country's financial system Monday as more US banks and leading European lenders were hammered amid contagion worries. Silicon Valley Bank -- a key lender to startups across the United States since the 1980s -- collapsed after a sudden run on...
  • Key Iran opposition figure calls for fundamental change

    TEHRAN, IRAN - One of Iran's main opposition figures, Mir Hossein Mousavi, has called for the "fundamental transformation" of a political system he said was facing a crisis of legitimacy amid protests triggered by Mahsa Amini's death. "Iran and Iranians need and are ready for a fundamental transformation whose outline is...
  • RAKTDA simplifies procedure for getting permits for Rak Holiday Homes system

    RAS AL KHAIMAH, UAE-  Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced updates to its holiday homes system. RAKTDA has simplified the process for homeowners and operators to acquire permits and convert their units into perfect holiday homes for travelers visiting Ras Al Khaimah. The updates are part of...
  • Auto industry races into metaverse at CES technology show

    Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a "virtual" car lot, or an engineer to simulate how a new part fits: the auto industry is getting a tantalizing taste of the metaverse at the huge CES technology show....
  • Reforms in tax and visa rules to drive UAE’s growth

    The introduction of new laws regarding the ownership structure of mainland companies may boost the Gulf country's economy in 2023 as it is expected to attract more investors.
  • ‘Rental Disputes Center provides 9 years of stability in real estate sector’

    DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve social and economic stability for those involved in the real estate rental sector and other relevant fields. This helped in establishing a specialized judicial system as per a streamlined mechanism....
  • UN unveils satellite-based system to detect methane emissions

    The Methane Alert and Response System (MARS) was announced by the UN Environment Programme during the COP27 summit. Methane, emitted by leaks in fossil fuel installations as well as from other human-caused sources like livestock farming and landfills, is responsible for roughly 30% of the global rise in temperatures to...
  • Telecom Egypt and Orange Jordan’s CAB System to connect Iraq to Europe

    Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange Jordan, will create a terrestrial system connecting Iraq to Europe through Jordanian and Egyptian territories. The two companies signed an agreement under which the new system will commercially be named...
  • UAE busy in strengthening its food security system

    The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying sources, and attracting local and foreign agricultural investment.
  • Saudi, UAE to receive $5bn worth missile systems from US

    Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...
  • Russia warns of conflict with US over arms deliveries to Ukraine

    The planned delivery of new US weapons to Ukraine, including advanced missile systems, increases the risk of drawing the United States into direct conflict with Russia, Moscow said Wednesday. On Tuesday, Washington said it will be supplying Ukraine with advanced missile systems, including the Himars multiple-launch rocket system.
  • DEWA research facility registers patent for drone charging system

    Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles (UAV) charging system that enables continuous charging for UAVs, providing longer flying hours with a large storage capacity. This is in addition to improving the efficiency of charging and facilitating...
  • Yahsat and Al Seer Marine to test line-fitting unmanned vessels

    Yahsat Government Solutions (YGS) and Al Seer Marine PJSC will test line-fitting unmanned vessels with advanced Comms-on-the-Move (COTM) satellite communications solutions.
  • Saudi Arabia teams up with China to produce UAVs in kingdom

    Saudi Arabia has teamed up with China to manufacture unmanned aerial vehicle payload systems in the kingdom.
  • Iranian teachers demonstrate in several cities against pension reforms

    Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms, state media reported. In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster...
  • UAE private sector asked to pay employees through Wage Protection System

    The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the wages of their workers through the Wage Protection System (WPS). "The establishments’ commitment to pay wages on time would enhance the stability of the contractual relationship between its parties, and...
  • UAE to list Salik toll system on Dubai Financial Market

    The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to broaden the size of the stock market in the emirate to AED3 trillion in the future.
  • ADFD provides Lesotho with $20m finance for water supply

    Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the development of a water supply system in the area.
  • NYU and NYU Abu Dhabi develop AI tool to improve breast cancer detection

    A team of researchers from New York University (NYU) and NYU Abu Dhabi report that they have developed a novel Artificial Intelligence (AI) system that achieves radiologist-level accuracy in identifying breast cancer.
  • UAE Central Bank to do away with Covid stimulus measures

    The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.
  • Japan to assist Egyptian institutions in technical education

    Egypt has joined hands with Japan to promote technical education in schools and universities, according to Prime Minister Mostafa Madbouly.