INSEAD Day 4 - 728x90

Economy

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Nvidia tops $4 trillion as US stocks shrug off latest tariffs

After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...

Business

Meta’s AI talent war raises questions about strategy

New York, United States -- Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates...

Business
Business

Institutional investors buy more local stocks in UAE markets since Jan

Abu Dhabi, UAE -- Institutional investors bought more local stocks than they sold in the Abu Dhabi Securities Exchange (ADX)...
  • Net purchases by institutional investors totaled AED 5.6 billion ($1.52 billion), after buying stocks worth AED165.4 billion and selling AED159.7 billion in stocks.
  • Institutional investments accounted for some 78 percent of the total trading volume, both buying and selling, in both markets since the start of the current year.
Business

ADNOC Distribution, HPCL ink agreement

Will help to enhance efficiency of overseas operations.
  • With an annual demand of three billion liters, India is among the world’s most significant markets for lubricants.
  • ADNOC Distribution aims to enter this dynamic market, gaining access to a vast network of over 28,000 retail stations.
Economy

Abu Dhabi first quarter GDP up 3.9% on strong non-oil growth

Official data show a 6.1 percent growth in non-oil GDP during the first quarter of 2023, driven by strong performances...
  • This the highest quarterly value in the past nine years. The contribution of non-oil activities to the total GDP reached its highest level in eight years to 52.8 percent.
  • The construction sector recorded highest quarterly growth rates in nine years during the first quarter of 2023 and the fourth quarter of 2022 in a row.
Business

Bahrain central bank $185m Treasury bills oversubscribed 109%

Manama, Bahrain -- Treasury bills valued at Bahrain Dinar 70 million ($185 million) issued this week by the Central Bank...
  • The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.
  • The total outstanding value of Government Treasury bills, typically issued with maturities of 91 days, 182 days, and 364 days, is BD 2.110 billion.
Business

Cruise visitors to Qatar in 2022-23 rise 151 percent

DOHA, QATAR -  New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23...
  • Qatar has seen a steady increase in cruise ship arrivals and passenger numbers, and the industry is poised for further growth in the seasons to come.
  • In 2022-23 season, most cruise passengers originated from Germany (31 percent), Italy (10 percent), Russia (6 percent) and the United Kingdom (3 percent).
Economy

Qatar takes part in 58th MENA customs regional meeting

Doha, Qatar--Qatar participated in the 58th regional meeting of director general of customs of the North of Africa, near and...
  • The meeting of the top officials discussed policy commission, committee membership, and the adoption of the document for the appointment of the techncial attache
  • The WCO council reviewed customs work, capacity building, rules of origin, valuation, nomenclature and classification, compliance, and trade facilitation
Economy

Equities, ruble sink as traders eye Russia after failed uprising

While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts...
  • The ruble sank to 87 to the dollar -- its weakest level since March last year in the early days Putin's invasion of Ukraine -- as traders reacted to the developments in Russia
  • Oil prices rose around one percent though with concern about demand owing to rate rises keeping gains limited, while futures for European natural gas jumped more than eight percent
Economy

EIB to finance Jordan’s upgrade of water-supply system with US$66.52mn

Amman, Jordan--The European Investment Bank (EIB) has approved the provision of $66.52 million for Jordan to upgrade the water supply...
  • EIB said the project will improve the quality of drinking water in the area and reduce the loss of water due to leakage from the major water networks
  • Late last year, EIB singed a $218 million loan agreement with Jordan to construct a desalination project between Aqaba and Amman, to be completed in 2028
Economy

Remittance flows to Egypt to surge by 3.1% in 2023: World Bank

Cairo, Egypt - The remittances to Egypt, the biggest recipient of such flows in the MENA region, are set to...
  • Remittances, which amount to billions of dollars, play a crucial role in supporting the national economy
  • The majority of the remittances sent by the diaspora, half of which lives in GCC nations, go back to Egypt
Geostrategy

Future of Iran-UAE relations promising: Reza Ameri

Tehran, Iran-- The future of relations between Iran and the United Arab Emirates is promising and in line with the...
  • Reza Ameri, Iran's new ambassador to the UAE, noted progress in relations between the two countries after a period of downturn
  • The UAE and Iran have had discussions to cooperate in political, economic, commercial, consular, cultural and scientific fields

Nvidia tops $4 trillion as US stocks shrug off latest tariffs

After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
Business

Company News

Latest News

Vision 2030 empowers women in Saudi legal sector

"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...
Opinion

Saudi Arabia takes the lead in global road connectivity rankings: minister

Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...
Economy

China’s annual political conclave starts as economy sputters

Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Turkey’s inflation rises to 67.1% in February

On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan...
  • The Turkish central bank held its key interest rate at 45 percent last month, pausing after eight straight increases aimed at taming consumer prices
  • Inflation remains a pressing issue for President Recep Tayyip Erdogan's government ahead of local elections in March
Economy

Iran and Russia to sign new contracts to develop oil, gas fields

Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...
  • The two ministers discussed creating a gas hub in the Eurasian region in the SCO framework, the development of oil and gas fields
  • They also discussed the process of implementing the agreements over the connection of the power grids between Iran and Russia
Economy

UAE vital to enhancing global economic growth: Officials

Abu Dhabi, UAE-- The UAE has expanded its network of trading partners around the world through comprehensive economic partnerships, contributing...
  • Officials from the UAE have highlighted the role of the country in supporting the free flow of trade and investment to drive global economic growth
  • They said the UAE's endeavours have been to expand its base of trading partners around the world through comprehensive economic partnerships