INSEAD Day 4 - 728x90

Economy

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Massive GCC infrastructure investments set stage for rising foreign equity: Franklin Templeton

The Franklin Templeton Emerging Markets Equity outlook emphasizes how GCC countries have reduced their dependence on oil and gas, opened...

Economy

Saudi Arabia and Qatar to settle Syria’s World Bank debt

Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...

Geostrategy
Business

QGIRCO reports Q1 profit drop

The insurance firm's net profit fell to US$12.36 million.
  • Its earning per share amounted to QR 0.051 as of March 31, 2023 as against QR 0.068 for the same period in 2022
  • The insurance company also reported a profit drop in the third quarter of 2022, compared to the same period in 2021
Economy

Iraq, Iran sign MoU to build railway track linking two nations

The railway track will connect Iran's southwestern town of Shalamcheh with Basra in Iraq in what will be the first...
  • The laying of railway line has been long in the making, with two MoUs having been signed in 2011 and 2013, but the project was halted due to legal and economic problems
  • Considered to be a strategic event in the region, the new MoU came about after the current governments of the two countries evinced a renewed interest in the project
Economy

Businesses help strengthen UAE-Iran economic ties

"The economic cooperation in these sectors has contributed to increasing joint trade and investment exchange," he said while attending the...
  • The UAE-Iran economic relations have experienced significant development and continued growth in various fields, says Abdullah Mohammed Al Mazrouei, a key UAE official
  • The economic cooperation has contributed to increasing joint trade and investment exchange, adds the Chairman of the Federation of UAE Chambers of Commerce and Industry
Geostrategy

Jordanian-American committee discusses trade, food security

AMMAN, JORDAN -  The ninth session of the Joint Jordanian-American Committee, which was held in the United States, discussed cooperation...
  • The Jordanian delegation urged US investors to enhance investment in the Kingdom.
  • The delegation thanked US for its continuous support to Jordan in several sectors.
Geostrategy

Iraqi PM, Lebanese minister discuss economic cooperation

BAGHDAD, IRAQ -  Iraq Prime Minister Muhammad Shia'a Al-Sudani said that the country is continuing regional economic communication. A statement...
  • Iraq Prime Minister said that the country is continuing regional economic communication.
  • Iraq supports stability and economic growth for itself and other friendly nations
Geostrategy

Japan, South Korea eye detente as North Korea threat looms

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek...
  • Tokyo and Seoul have long been at odds over historic issues linked to Japan's brutal 1910 to 1945 colonial occupation of the Korean peninsula.
  • Bilateral ties were torpedoed in 2018, when South Korea's Supreme Court ordered Japanese firms to compensate the wartime victims of forced labor.
Business

Alba posts Q1 profit drop

The aluminium giant's profit fell 68% to US$126.2mn.
  • The company's total equity at the end of March 2023 stood at $4.62 billion, a 5 percent drop to $4.84 billion as of December 31, 2022
  • Demand for aluminium fell across the Middle East by 6 percent with Bahrain's consumption falling by 9 percent, and UAE's by 6 percent
Economy

Lebanon’s music conservatory falls silent amid economic woes

As the economic crisis grinds on, some teachers have quit and many have turned to online classes or teach private...
  • A group of teachers and students have been holding independent concerts to highlight their plight and give musicians a chance to support each other and perform
  • Some teachers have moved house or "sold their cars" to survive, added Ghanem, herself a conservatory student during Lebanon's 1975-1990 civil war
Economy

Thousands flee homes in western Canada as wildfires spread

Fanned by strong winds wildfires flared across Alberta in the Canadian province, forcing 25,000 people to flee their homes as...
  • Canada in recent past has been affected by extreme weather, the frequency of which has soared owing to global warming
  • The declaration of the state of emergency gives the local government more powers to deal with extreme situations and unlock emergency funds
Economy

Iran reports 32% increase in wheat output in April and May

Tehran, Iran--Iran has reported a large increase in its purchases of domestically-grown wheat in the months of April and May....
  • The country's southwestern province of Khuzestan accounted for 623,000 mt of wheat supply delivered to GTC silos during the months of April and May
  • The Islamic Republic purchases a big chunk of wheat from growers in the country under a program that offers them favorable prices and transportation

Massive GCC infrastructure investments set stage for rising foreign equity: Franklin Templeton

The Franklin Templeton Emerging Markets Equity outlook emphasizes how GCC countries have reduced their dependence on oil and gas, opened...
Economy

Company News

Latest News

Norway’s sovereign wealth fund posts record US$213bn profit

Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...
Business

IMF lifts global growth forecast citing unexpected ‘resilience’

The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International...
Economy

25,647 new economic licenses issued in Abu Dhabi in 2023, says ADDED report

ABU DHABI, UAE - The Abu Dhabi's “Business Activity Report” for the year 2023, issued by the Abu Dhabi Department...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

44% of Saudis are young, making up 78% of the labor pool

Riyadh, Saudi Arabia - Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical...
  • Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical role in the national economy
  • Aligned with the Saudi Vision 2030, the strategy seeks to create an enabling environment for the progress and growth of young people
Interview

WEF24: AI stays at forefront of energy revolution

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco...
  • There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.
  • AI revolutionizes energy production, including water desalination, spearheading the irreversible shift towards renewable sources and green molecules, Arcelli adds.
Economy

SMEs drive economic innovation and growth in UAE

SMEs are contributing 63.5% to the UAE's non-oil GDP and are at the forefront of innovation and growth, Ayham Gorani,...
  • SMEs are contributing 63.5% to the UAE's non-oil GDP and are at the forefront of innovation and growth, Ayham Gorani, CEO of Pemo, tells TRENDS.
  • Gorani highlights the importance of a supportive ecosystem and government initiatives in nurturing this vital sector across the Gulf country.