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.

Aramco CEO terms energy transition strategy a failure

Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...

Economy

Yen plunges to 34-year low, mixed results for equity markets

Hong Kong, China - The yen plunged Wednesday to a 34-year low against the dollar after a top Bank of Japan...

Business
Business

ADX partners with FTSE Russell

The two have co-developed the FTSE ADX Growth Market Index.
  • The launch of FADGMI is a result of ADX’s successful partnership with FTSE Russell and closely follows the launch in March of the FTSE ADX 15 Index (FADX15)
  • The ADX Growth Market, the new brand of the Second Market, is an emerging equity segment on the exchange that connects investors and privately owned businesses
Economy

Bahrain launches multi-entry e-visa for training purposes

Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.
  • The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan
  • The visa could be applied for on www.evisa.gov.bh for a fee of BD60
Business

Saudi import of plastic products climbs 18% to 456,000 tons

The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter...
  • According to the General Authority for Statistics, the increase in imports was fueled by a 45 percent yearly rise in imports from China
  • The total plastic and rubber imports grew 19 percent to $1.89 billion in the second quarter of 2022
Business

Gen Z changes rules of the game for realty sector

Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and...
  • Property developers are imitating their peers in retail and hospitality and catering to the tech savvy Gen Z tenants and homeowners with more personalized products and services
  • Realty players need to concentrate more on lifestyle factors such as customer first, lifestyle led, data driven products, moving on from a focus on transactions to relationships
Economy

Broad money supply in Qatar reaches US$185.4bn in July

Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...
  • General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
  • Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
Economy

Clean energy is key for Indonesian economy, says IEA

Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...
  • Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
  • The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
Geostrategy

‘Turkey can mediate Ukraine nuclear plant standoff’

Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan...
  • Erdogan had warned of the danger of a nuclear disaster when he visited Lviv last month for talks with his Ukrainian counterpart Volodymyr Zelensky.
  • There has been growing alarm over the safety of Europe's largest nuclear plant, Zaporizhzhia
Geostrategy

UAE keen to work with global partners to address energy issues

A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...
  • The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.
  • During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.
Business

Google allows Parler app back into Play Store

Google pulled the Parler app from its online marketplace just days after the deadly attack on the seat of US...
  • Parler was allowed back in the Play Store after removing abusive posts and blocking users who break the app's rules
  • The app claimed to have more than 20 million users before being pulled from the Apple and Google online marketplaces.
Business

Ajman Bank and Mastercard collaborate to launch Touch Card

Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted...
  • The Touch Card has been designed to work with point-of-sale terminals and ATMs
  • Moza Al Akraf Al Suwaidi, Undersecretary of the Ministry of Community Development, said it aligns with UAE’s social and community goals to promote an inclusive environment

Aramco CEO terms energy transition strategy a failure

Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...
Economy

Company News

Latest News

Qatar’s business conditions continue to improve in October

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
Business

FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia

AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...
Business

Saudi Arabia to continue voluntary oil cut until end of Dec 2023

Riyadh, Saudi Arabia -- Saudi Arabia has announced it will continue the voluntary cut of one million barrels per day,...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

UAE ministry issues guidebooks on Emiratization for employers, employees

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
  • The awareness guidebook for Emiratis working in the private sector covers 11 topics
  • The awareness guidebook for the private sector companies covers nine topics.
Business

Musk teases AI chatbot ‘Grok,’ with real-time access to X

The social network that Musk bought a year ago launched the Premium+ plan last week for $16 per month, with...
  • Musk, the tycoon behind Tesla and SpaceX, said the link-up with X, formerly known as Twitter, is "a massive advantage over other models" of generative AI
  • "Grok" comes from "Stranger in a Strange Land," a 1961 science fiction novel by Robert Heinlein, and means to understand something thoroughly and intuitively
Business

Global assets in spot bitcoin ETFs hit US$4.16 billion

Dubai, UAE--Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total US$4.16 billion, showed...
  • Around half of that sum, or $2 billion, is invested in the seven spot bitcoin ETFs that have been launched in Canada since 2021
  • Regulators in the United States are currently considering as many as 10 applications to launch similar spot-based ETFs in the U.S