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BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

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.