INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Number of visitors to Qatar rises 31.9 percent in December, says report

DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...

Economy

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...

Business
Business

OIC aims for 25 percent trade among member states by 2025

OIC has set a target of 25 percent trade among member states in the next three years by 2025 and...
  • Organization of Islamic Cooperation has set a target of 25 percent trade among member states by 2025
  • Biennial general trade fair is vital for promotion of trade and services among OIC member states
Business

Half of finance firms in UK, US prefer internal data collection

Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just...
  • 50 percent of financial services organisations manage web scraping internally
  • 38 percent, combine internal practices and outsourcing to third parties.
Business

Bear market triggered by panic-selling presents investment opportunities

Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major...
  • A bear market is the term used to describe the plummeting of financial markets by 20 percent or more from their most recent all-time high.
  • “Your future self will thank you. The average bear market lasts less than a year and they typically rebound stronger than before," Nigel Green, CEO and founder of deVere Group,
Economy

UAE Industry Development Council reviews action plan

Industry Development Council meeting reviews recommendations made at the first meeting, progress in implementing them and discusses the development of...
  • Industry Development Council recommends launching unified platform for industrial data
  • The council reviews suggestions made at first meeting, reflects on progress in implementing them
Business

UAE-Germany non-oil trade surpasses $130 billion in 10 years

The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal...
  • The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.
  • The trade exchanges grew by 12 percent by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020.
Business

Nana ties up with Google Cloud

The alliance will ensure home delivery in 15 minutes.
  • Powered by Google Cloud, Nana Direct uses the company’s unique artificial intelligence and data warehousing solution to be well informed about business decisions
  • Google said that by virtue of the collaboration it will be able to bring innovative solutions to e-commerce in the kingdom
Business

UAE prohibits export, re-export of Indian wheat, flour for four months

UAE's Ministry of Economy said the "decision comes in view of the international developments that have affected trade flows and...
  • Companies that want to export/re-export wheat and wheat flour varieties imported into the country before 13t May need to seek the ministry's permission.
  • The firms must submit to the ministry all documents and files that help verify the data regarding the shipment in terms of its origin, date of transaction.
Economy

Global economic growth forecast to pick up towards Q2 end: OPEC report

The global oil demand is anticipated, according to the report, to average 101.8 mb/d in second half of this year,...
  • The global oil demand is anticipated, according to the report, to average 101.8 mb/d in second half of this year, up from 98.7 mb/d on average seen in the first half
  • Improving mobility in major economies, as well as seasonal containment of the pandemic is projected to support gasoline and distillate demand
Business

UAE to raise 2022 federal budget spending by $334.9m

The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal...
  • The FNC said on Twitter that the increased spending will come from the federal government's general reserves
  • The UAE's revenue is expected to grow by about Dh374.9 million
Economy

Food security main agenda of UAE delegation in Netherlands

A UAE delegation visits Netherlands to exchange knowledge and best practices in the food sector with their Dutch counterparts with...
  • The UAE delegation shared their wide range of expertise with their Dutch counterparts
  • The delegation learned first-hand about the latest innovations in Dutch agriculture technology

Number of visitors to Qatar rises 31.9 percent in December, says report

DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
Economy

Company News

Latest News

Netanyahu secures parliament majority, closer to forming govt

Some Israeli political analysts had forecast that Netanyahu would move to announce a coalition days after receiving his mandate from...
Geostrategy

ADEX to provide US$25m funding to Togo to raise solar park capacity

The Abu Dhabi Exports Office (ADEX) has signed an agreement with Togo’s Ministry of Economy and Finance to raise the...
Business

Foreign ministers of Jordan, Egypt, Iraq hold tripartite meeting

The ministers agreed to maintain "institutional" communication to follow up on the implementation of the trilaterally agreed upon projects and...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

First shipment of UAEGD-compliant gold exported to Indian International Stock Exchange

The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.
  • The deal consists of exporting about 100 kilograms of gold worth $4 million from the Emirates Gold Refinery to the IIBX
  • The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices
Business

IATA expects airline losses in 2022 to slide down to US$9.7bn

Geneva, Switzerland— The International Air Transport Association (IATA) has upgraded its outlook for the airline industry’s 2022 financial performance as...
  • It expects Industry losses to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for a net loss margin of -1.2%
  • Despite economic challenges, it expects cargo volumes to set a record high of 68.4 million tonnes in 2022
Geostrategy

Xi visit marks 34 deals between Saudi, Chinese firms ahead of China-Arab meeting and China-GCC summit

The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between...
  • The Chinese president's visit to Saudi Arabia aims to enhance bilateral relations in several fields, including energy, security, transportation, infrastructure and investment
  • The trip -- only Xi's third overseas since the coronavirus pandemic began -- comes after US President Joe Biden's visit in July, when he pleaded for higher oil production