INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

UAE and Russia look to deepen parliamentary cooperation

Abu Dhabi, UAE-- The UAE and Russia have held talks to enhance the parliamentary cooperation between the two countries. In...

Geostrategy

Geopolitical risks, sanctions keep commodity markets on edge

Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's...

Economy
Business

Saudi Arabia unveils AROYA Cruises to boost tourism industry

Riyadh, Saudi Arabia-- Saudi Arabia has unveiled its own cruise-line brand called AROYA Cruises to fuel growth in its tourism...
  • Saudi Arabia is looking to become a global tourist destination by the end of the decade in line with its goals outlined in Vision 2030
  • The Saudi tourism department is aiming to attract 1.3 million cruise visitors by 2035 and providing some 50,000 direct and indiret jobs
Economy

UAE’s GCAA signs agreement with ICAO to boost collaboration

Montreal, Canada--The UAE General Civil Aviation Authority (GCAA) and the International Civil Aviation Organisation (ICAO) has signed a joint cooperation agreement...
  • The meeting between the two sides discussed training collaboration that aims to support a safe, secure, and sustainable development of the global air transport
  • The GCAA and ICAO delegations also reviewed joint initiatives, the most notable of which is Fujairah Air Navigation's accession to ICAO's TRAINAIR PLUS Program
Economy

UAE’s foreign trade records 17% jump to US$607bn in 2022

The boost in foreign trade comes on the back of the signing of the comprehensive economic partnership agreements that the...
  • The UAE until now has forged comprehensive economic partnership agreements with four nations: Turkey, Israel, Indonesia and India
  • Dubai Customs provides a range of commercial and customs services to traders and investors from countries that have signed CEPA with the UAE
Economy

Arab League urges action to confront drought, desertification

Cairo, Egypt--The Arab League has called for efforts to confront drought and desertification in light of number of Arab countries...
  • The statement from Arab League came on the occasion of the 29th World Day to combat desertification and drought, themed "her land, her rights"
  • The Arab League, according to the statement, will concentrate on women's land rights as a vital part to achieve the global goal of gender equality
Economy

UAE to deepen economic tie-ups with various world countries: Sheikh Saud

St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to...
  • The ruler of Ras Al Khaimah was speaking at the opening session of the St. Petersburg International Economic Forum 2023 as the representative of the UAE
  • He drew attention of the audience to the efforts being accelerated in the UAE to enhance prosperity and deepen stability, as well as diversify non-oil revenues and investments
Business

Qatar Chamber looks to burnish lackluster gold and jewellery sector

Doha, Qatar-- In order to remove obstacles facing the gold and jewellery sector in the country, Qatar Chamber has reviewed...
  • The chamber meeting discussed bottlenecks facing the sector and the proposals received by the committee as per the results of a survey conducted last month
  • In order to develop the sector, the gold and jewellery committee was recently established to address and discuss the issues facing the sector in the country
Economy

Global food bill will rise to US$1.98trn in 2023, up 1.5%: FAO

According to a report by the FAO, the world food import bill is forecast to touch a new record this...
  • The FAO's biannual report warns that the decline in food import volumes is a "concerning development", indicating a decline in purchasing capacity
  • The report further says that world wheat production in 2023 is expected to drop by 3.0 percent from its all-time high of 777 million tonnes in 2022
Economy

Iraq-UK economic ties strengthen on back of uptick in trade

London, UK--Volume of trade exchanges between the UK and Iraq has exceeded one billion dollars and imports and exports between...
  • The Iraqi-British trade exchange saw huge growth, with the commerce volume crossing one billion sterling pounds, and British exports to Iraq surging by 40 percent
  • The cooperation between Iraqi and British universities has grown in recent years even as the UK has made investments in the social sector and education in Iraq
Business

More than dozen private joint-stock companies list in UAE in 2022

Abu Dhabi, UAE-- The number of private joint-stock companies which listed in the UAE's capital markets during 2022 went up...
  • According to SCA, twelve companies listed on the Abu Dhabi Securities Exchange and one company listed on the Dubai Financial Market
  • The listing of private joint-stock companies enable them to access a large capital base, besides opening the way to raise a company's brand value
Business

In spite of US sanctions, Iran’s crude oil exports break five-year record

Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the...
  • China, the world's major importer of energy, has received a big chunk of Iran's crude oil, apart from Germany, Spain and Bulgaria
  • According to the report, the Iranian crude oil shipments have nearly doubled since last autumn to touch 1.6 million barrels a day

UAE and Russia look to deepen parliamentary cooperation

Abu Dhabi, UAE-- The UAE and Russia have held talks to enhance the parliamentary cooperation between the two countries. In...
Geostrategy

Company News

Latest News

South Korea posts 32% jump in export of eco-friendly vehicles

Seoul, South Korea--South Korea's exports of eco-friendly vehicles surged 32.5 percent year-on-year to a record high during the first 11...
Business

Kuwait’s annual inflation jumps to 3.79% in November

According to the Kuwait Central Statistical Bureau, the upward trend was mainly attributed to rising prices across all major groups...
Economy

Number of journalists killed in Israel’s war on Gaza rises to 100

Dubai, UAE-- At least 100 journalists have been killed since Israel’s war on Gaza began on October 7, according to...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Qatar’s customs and tax departments link up e-services to ‘facilitate’ business

Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...
  • The launch of interconnection is expected to achieve automation and integration of procedures, with the aim of providing the best services to taxpayers
  • The chairman of customs said that the e-connection between customs and tax services is part of Qatar's vision to leverage technology and provide advanced and effective services
Economy

Qatar expects a decrease in inflation next year

Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
  • The Qatari finance minister said the high inflation in Qatar during 2023 was linked to high food prices, and it was a temporary phenomenon
  • The minister said the total expenditure in the 2024 budget will be US$55.1 billion, a one percent compared to the current year's budget
Business

UAE, Mauritius conclude CEPA talks, set to boost trade

The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
  • Mauritius posted an 8.5 percent GDP growth in 2022 — the fastest in 35 years
  • The deal is also expected to drive FDI into fintech, healthcare and tourism sectors