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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE most competitive MENA economy

  • Gulf Cooperation Council economies are the most competitive in the Middle East region, according to the latest IMD World Competitiveness Ranking.
  • In the 2023 IMD World Competitiveness Ranking, the top three economies are Denmark, Ireland and Switzerland, while the US ranks seventh.

Dubai, UAE — Gulf Cooperation Council economies are the most competitive in the Middle East region, according to the latest IMD World Competitiveness Ranking.

The ranking published by the Swiss-based International Institute for Management Development (IMD) and ranks 64 economies based on their ability to create and sustain value for its citizens and enterprises. The ranking is based on a combination of hard data and survey data from business executives.

The IMD World Competitiveness Ranking is considered to be one of the most prestigious and respected competitiveness rankings in the world. It is widely used by businesses, governments, and academics to assess the competitiveness of economies.

In the 2023 IMD World Competitiveness Ranking, the top three economies are Denmark, Ireland and Switzerland, while the US ranks seventh. TRENDS takes a look at how the GCC economies performed on the ranking.