INSEAD Day 4 - 728x90

Business

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.

No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC

Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...

Economy

Countries where the X social network is banned and why

Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...

Business
Business

JPACO reviews key agricultural projects, efforts in 2022

AMMAN, JORDAN - Board of Directors of the Amman-based Jordanian- Palestinian Agricultural Marketing Company (JPACO)) on Saturday reviewed its key...
  • JPACO's Board of Directors also examined the company's performance and its goals and discussed its action plan for 2023.
  • JPACO General Manager, Aladdin Abu Khair, said the company worked to open new international markets.
Economy

US Fed’s preferred inflation gauge eases in November

A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome...
  • The US Federal Reserve's preferred inflation measure, the personal consumption expenditures price index, rose 5.5 percent last month.
  • This was slightly below October's level but remains significantly higher than policymakers' target of two percent inflation.
Business

Ajman Chamber keen to strengthen trade, economic ties with Pakistan

Ajman, UAE--Abdullah Al Muwaiji, Chairman of the Board of Directors of Ajman Chamber of Commerce and Industry (ACCI), has affirmed...
  • The total trade between the UAE and Pakistan reached AED19.7 billion in 2021, with a growth rate of 23 percent compared to 2020.
  • The growth rate of trade volume between Ajman and Pakistan reached 30 percent during the last five years.
Geostrategy

Iraq tells visiting Italy PM it seeks closer economic ties

Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from...
  • Italian oil firm Eni has been involved in exploration and production in Iraq for over a decade.
  • The United Nations says Iraq is one of five countries most exposed to some impacts of climate change.
Business

SALIC completes acquisition of Olam

SALIC had signed the acquisition pact in March.
  • SALIC is wholly owned by the Saudi sovereign wealth fund, the Public Investment Fund.
  • Olam is present in more than 30 countries around the world and has the capacity to handle more than 40 million tons of food commodities annually.
Business

FAB, Magnati, PayRow join hands

The move will help Dubai in becoming a cashless economy.
  • Government entities and merchants will now be able to receive payments from their customers in an easy, flexible, unified and secure manner.
  • The new payment ecosystem is set to transform the existing gateway.
Business

Nearly 78% UAE women-owned businesses led by females under age 40

Sharjah, UAE--- A Women under the age of 40 lead 77.6 percent of the women-owned businesses in the UAE, a...
  • The survey found that of the 1,000 female business owners who took part in the survey, 48.8 percent are CEOs and 61.4 percent sole proprietors.
  • A total of 25,000 Emirati women entrepreneurs owned 50,000 trade licenses valued at AED 60 billion ($16.33 billion) in 2021.
Business

Facebook agrees to pay $725m to settle privacy suit

Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of...
  • The settlement must be approved by a judge in the San Francisco division in the US District Court.
  • The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties.
Economy

Two years after EU exit, UK business feels Brexit blues

Complicating matters has been the loss of EU workers in sectors such as health, hospitality and agriculture, even if some...
  • The problem is not the customs duties, largely eliminated by the post-Brexit free trade agreement between London and Brussels
  • The government of Prime Minister Rishi Sunak has said it believes the UK economy has entered a recession on fallout from sky-high inflation
Business

China’s ByteDance admits using TikTok data to track journalists

Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same...
  • ByteDance told on Friday that several staffers accessed two journalists' data as part of an internal probe into leaks of company information to the media
  • TikTok has come under the spotlight in US, with Congress poised to approve a nationwide ban on using the wildly popular short-video app on government devices

No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC

Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...
Economy

Company News

Latest News

Bosch to cut 1,500 jobs

The firm said the cuts will be completed by the end of 2025.
Business

UAE green bonds and sukuk issuances touch US$4.20bn

According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...
Business

EasyLease buys 60% stake in Fully Charged

Fully Charged has expertise in EV charging technology.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Doha Forum debates advantages in Gulf-Europe green ties

Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...
  • The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation
  • The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation
COP28 UAE

COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi

Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...
  • Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"
  • According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit

Cloud security challenges haunt firms in UAE and KSA

Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...
  • Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
  • Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.