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.

Dubai real estate sales up despite price rise since January 2020

Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...

Business

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...

Business
Economy

El Salvador to build ‘Bitcoin City’ at the base of a volcano

The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining.
  • The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining
  • Land and infrastructure will be provided by the government, as well as efforts to attract investors
Economy

Jordanian tourism income up 61.2% in first ten months of 2021

On a monthly level, the tourism revenues during October of 2021 rose by $302 million, reaching $352 million, compared with...
  • The data showed that the growth in revenue was mainly driven by a 59.7 percent rise in the number of tourists
  • Non-resident Jordanians accounted for 44.6 percent of the total tourism income. followed by Arab countries (excluding Gulf countries) with 27 percent
Economy

UAE commits to lead disruptive growth of key industrial sectors at GMIS2021

GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions...
  • The summit will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.
  • The discussions at the summit will explore how data and connectivity are becoming the leading factors
Business

VentureSouq launches FinTech Fund

The fund invests in early stage FinTech and SaaS companies.
  • The $50 million VentureSouq fund invests in early-stage FinTech and SaaS companies and focuses on key subsectors including payments infrastructure
  • Established in 2016, VentureSouq has operations in the UAE, Egypt and Saudi Arabia and has invested in over 200 companies worldwide
Economy

France wants ‘new economic cooperation’ with UAE: French minister

Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.
  • Le Maire is on a two-day visit to the UAE to hold several high profile bilateral meetings with UAE officials
  • The minister said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change
Business

MODON and Bin Laden Company to build industrial city

The Saudi Authority for Industrial Cities and Technology Zone (MODON), has teamed up with Mohammed Bin Laden Co. to develop...
  • The city located in Bahrah, a town  in Makkah province, is a step to empower  the industry and increase the local economic activity in GDP terms by 65 percent
  • MODON was established in 2001 to develop industrial lands with integrated services
Arts & Culture

5000 volunteers will participate in FIFA Arab Cup in Qatar

The Supreme Committee for Delivery and Legacy (SC) announced that 5,000 volunteers will participate in the 10th edition FIFA Arab...
  • The volunteers will provide support hospitality, information and media services, tickets and protocol.
  • Among the volunteers are the elderly and people with special needs, who are also a part of the preparation and training phase.
Geostrategy

Nokia, UNICEF and Organge Foundation to empower Morocco youth

As part of UNICEF’s UPSHIFT program, Nokia has agreed to a partnership with Orange Foundation and UNICEF to empower marginalized...
  • The three will partner under UNICEF's UPSHIFT program featured as part of the World Bank's Solutions for Youth Employment.
  • At least 1400 young people, in which 60 percent are likely to be girls, will receive training in teamwork, self-esteem, creativity and communication.
Videos

Economic growth of Arab countries this year

This week’s TRENDS Explainer Video highlights how economic growth looks like in the Arab countries this year as per the...
  • Middle Eastern countries responded to the pandemic with swift and stringent measures to mitigate its spread and impact. However, most of them continued to face an uncertain future
  • Containing the health crisis, cushioning income losses, and expanding social spending had become immediate priorities. Most of the Arab governments, however, managed it well
Business

Dubai approves 55,000 business licenses in 2021

More than 55,000 new business licenses were issued during the first ten months of 2021 by the Business Registration and...
  • According to a report by the Business Registration and Licensing sector, 59% of the new business licenses issued were professional, and 41% were commercial
  • Among the legal forms of the new licenses issued, the report showed that Sole Establishment companies topped the list with 38%

Dubai real estate sales up despite price rise since January 2020

Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...
Business

Company News

Latest News

PIF’s green bonds to shore up market, says LSE official

The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche...
Business

OIC new mechanism to settle investment disputes

The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states...
Economy

US to impose ‘further costs’ on Iran over protests crackdown

Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

GCC needs US$60-85bn for sustainable waste management: study

It will take $60-85 billion for the GCC to put in place a modern recycling system for waste management, according...
  • This investment would cover design, collection, sorting, and recycling investment across these four key waste streams
  • The GCC generates between 105 and 130 million tons of waste per annum, primarily from Municipal Solid Waste (MSW), Construction and Demolition Waste (CDW), and agricultural waste
Business

Qatar ports TEU records one percent growth in September

Doha, Qatar - The Qatar Ports Management Company (Mwani Qatar) said it received 123,000 TEUs in September- a one percent...
  • Mwani Qatar stated it received 276 ships in September, registering a three percent increase.
  • It said cars and equipment recorded 6048 units, and the number of livestock recorded was 6499.
Infographics

Qatar wealthiest, UAE happiest in Arab world

The world's richest countries have the highest happiness scores, which probably explains why Lebanon, facing its worst-ever economic crisis, ranks...
  • 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.