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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Qatar wealthiest, UAE happiest in Arab world

GCC countries are the most prosperous and the happiest nations in the MENA region.
  • The World Happiness Report 2022 has ranked Finland as the happiest and Afghanistan as the unhappiest in the world.
  • Happiness has now become a key metric to track the performance of countries and corporate offices as well.

The World Happiness Report 2022, which ranks countries on the basis of a three-year average (2019-2021), has ranked Finland as the happiest country (with a score of 7.82 on the scale of 1-9, nine being the highest) in the world and Afghanistan (2.404) as the unhappiest. The results are not hard to explain. Years of war and the resulting economic ruin has left Afghanistan in tatters, while Finland is the third most prosperous nation in the world that has seen decades of peace of stability. The Middle East region also presents a contrast between the wealthy and relatively peaceful Gulf Cooperation Council countries and the strife-torn, economically weaker neighbors. TRENDS takes a look at how some of the Arab countries perform on prosperity and happiness indicators.