INSEAD Day 4 - 728x90

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.

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...

Economy

Dubai SME joins hands with CXDA to attract investment

DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...

Business
Geostrategy

Iraq seeks to enhance global trade relations: official

Iraq seeks to enhance economic and commercial relations with the international community, said Hamid Al-Ghazi, the Iraqi Secretary-General of the...
  • Iraq seeks to enhance economic and commercial relations with the international community, said Hamid Al-Ghazi, the Iraqi Secretary-General of the Council of Ministers
  • Spanish ambassador Pedro Martinez said his government will support Iraq in all fields, especially in climate change
Economy

Israel signs free trade deal with UAE; its first in GCC, third in Middle East

The UAE has signed a Comprehensive Economic Partnership Agreement (CEPA) with Israel. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister...
  • The agreement builds on the strong foundations laid by the Abraham Accords, says UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi
  • Talks for a free trade agreement began in November and concluded after four rounds of negotiations
Economy

GCC, Pakistan launch 3rd round of free trade negotiations

The Chairman of the GCC Negotiating Team, Abdulrahman bin Ahmed Al-Harbi, stressed the importance of pursuing negotiations with Pakistan.
  • The Chairman of the GCC Negotiating Team, Abdulrahman bin Ahmed Al-Harbi, stressed the importance of pursuing negotiations with Pakistan
  • Free trade negotiations with Pakistan are part of GCC countries' effort to strengthen cooperation with their international partners
Business

Agthia eyes KSA expansion

The company to set up a manufacturing facility in Jeddah.
  • CAPEX spending is expected to start in the coming months, with first sales from the new Saudi facility expected in H2 2023.
  • The project, which is in response to strong demand from local customers, will further strengthen Agthia’s footprint in Saudi Arabia
Infographics

UAE and Qatar top 2021 GCC economies

The two Gulf countries score high consistently on all seven parameters used to measure the status of an economy.
  • The GCC comprises six countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
  • The World Bank has said the economies of the Gulf Cooperation Council (GCC) are projected to expand by 5.9 percent overall in 2022.
Economy

Qatar’s Export Unit Value Index surges by 61 percent in Q1

Qatar’s Export Unit Value Index (EXUVI) has increased by 61.05 percent  in Q1 2022 compared to Q1 2021. The Planning...
  • The Planning and Statistics Authority (PSA) released its Quarterly EXUVI for Q1 2022 as a new chain is added to statistical indicators calculated by PSA.
  • The addition is as per the policy of PSA in providing accurate statistical information and data that support the decision-maker.
Economy

Qatar government, banks behind its strong economic show: CEOs

The measures adopted by Qatar’s government and Qatar Central Bank proved decisive in countering the negative impacts of pandemic and...
  • The CEOs focused on various issues like environmental and social practices, corporate governance.
  • Future prospects of Qatar's economy are stable, as its banking sector enjoys flexibility and quality with high capital and liquidity, said Qatar National Bank CEO.
Business

ADGM invites public feedback on changes to commercial legislation

The Abu Dhabi Global Market (ADGM) has invited public feedback on the proposed amendments to its commercial legislation. As part...
  • As part of ADGM’s ongoing enhancement of regulatory framework, its Registration Authority (RA) is proposing changes, including the introduction of a late filing fees framework.
  • Rather than attracting a penalty, certain late filings will attract a late filing fee of $150 per month, capped at three months.
Business

Arts DAO NFT drop on June 5

The drop is being created in partnership with NFT artist Kristel Bechara.
  • The community’s NFT collection will feature 2,000 NFTs and prices will start from 0.49 ETH ($1,000).
  • Arts DAO is registered with the Dubai Multi Commodities Centre (DMCC).
Business

ADNOC acquires drilling units

The two premium jack-up units will be operational in Q3 2022.
  • The units, being acquired from Well Target Five Limited and Well Target Six Limited, are Gusto MSC design, premium independent leg cantilever rigs.
  • Since listing on the Abu Dhabi Securities Exchange in October 2021, ADNOC Drilling has expanded its fleet from 96 to 104 owned rigs.

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
Economy

Company News

Latest News

Jazeera Airways expands to Tajikistan

A direct flight from Kuwait to Dushanbe will be operated.
Business

EU gives US$131 million to WHO Universal Health Coverage Partnership

GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...
Geostrategy

Dubai records over $1.3 billion in weeklong real estate transactions

Dubai, UAE---A total of 1,600 real estate transactions worth over AED4.8 billion ($1.3 billion) were conducted during the week ending...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

US sanctions Hezbollah’s accountants, weapons facilitator

The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to...
  • The US Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to Hezbollah
  • It took action against another individual involved in facilitating weapons procurement for the group
Economy

Rising inflation, falling wages threaten increased poverty: ILO

Global monthly wages fell in real terms to -0.9 per cent in the first half of the year, the study...
  • Global monthly wages fell in real terms to -0.9 per cent in the first half of the year, the study found
  • The purchasing power of middle-class families has been reduced, while low-income households have been hit particularly hard
Analysis

Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings

The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
  • The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally
  • He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally