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.

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

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...

Economy
Business

e& profit at US$600mn in Q1

Its consolidated revenues rise to US$3.53bn in Q1 of 2023.
  • Etisalat by e& added 13.9 million subscribers in the UAE, a 6 percent increase as against the same period of last year
  • According to Brand Finance, e& has strengthened its position as the most valuable brand in the MENA region
Economy

Tech impact: New jobs emerge as automation prevails

As future job market will be affected by AI, digitization and economic developments, big data analytics, management technologies, and cybersecurity...
  • As future job market will be affected by AI, digitization and economic developments, big data analytics, management technologies, and cybersecurity will drive employment growth
  • Slower economic growth, supply shortages, and inflation pose greater threats to employment prospects, says WEF report while highlighting the importance of investing in green firms
Business

Pfizer Q1 profit at $5.5bn

Profit fell on declining COVID-19 vaccine revenues.
  • Shares of the pharma giant edged higher as Pfizer CEO touted an "unprecedented" number of new launches.
  • Revenues fell 29 percent to $18.3 billion following a $10 billion drop from COVID-19 vaccine Comirnaty.
Economy

Federal Reserve begins rate talks that could hearld end of hikes

With the Federal Open Market Committee (FOMC) widely expected to raise its base rate a quarter-point on Wednesday, analysts will...
  • In March, the Fed held off a larger rate hike, instead opting for a quarter-point rise amid a banking crisis unleashed by SVB's collapse.
  • Like the Fed's previous rate decision, the meeting on May 2 and 3 takes place shortly after one of the largest bank failures in American history.
Economy

DIFC, PwC launch program to boost tax settlement knowledge

DUBAI, UAE- DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling...
  • Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy.
  • The program was announced in preparation for the UAE Federal Corporate Tax Law, which comes into effect June 1, 2023.
Economy

Eurozone banks toughen lending criteria, says ECB

FRANKFURT, GERMANY -  Eurozone banks tightened lending criteria in the first quarter at their fastest pace since the 2011 sovereign debt...
  • A net 27 percent of banks reported a tightening of credit standards for loans to companies, meaning it is harder for the enterprises to borrow.
  • Demand for housing loans declined, while there was a smaller decrease in consumer credit and other lending to households.
Economy

Eurozone inflation rises to 7% in April after five months fall

Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise...
  • Food and drink prices keep climbing, putting pressure on European households, but the pace of the increase slowed to 13.6 percent in April.
  • The eurozone's core inflation, which excludes volatile food and energy prices, fell slightly to 5.6 percent in March from 5.7 percent a month earlier.
Geostrategy

US exhorts Lebanese parliament to elect new president

Former president Michel Aoun's term expired in October, with no successor lined up. Countries including France, the United States and...
  • A caretaker cabinet with limited powers has been at the helm since May last year after legislative polls gave no side a clear majority
  • Numerous parliamentary votes have been held since October 2022, but no candidate has garnered enough support to succeed Michel Aoun
Business

Egypt signs transport investment deal with Japan worth US$734mn

Cairo, Egypt--Egypt has signed its biggest investment package with Japan aimed at supporting the North African country's transportation development plan....
  • Egypt will use the money to finance expansion of Cairo's metro, a 30-km stretch of land that would link Egypt’s 6th of October city to the Giza plateau
  • Japan's investments in Egypt have gone up by 99 percent during 2021-2022, touching $73.7 million as against $37.1 million in the previous year
Business

Dubai hosts World Free Zones Organization’s annual AICE event

Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai...
  • The two-day event will debate challenges facing global trade and the impact of the Covid-19 pandemic on the global economy
  • Nearly 600 participants specializing in trade, logistics will come from more than 70 countries to take part in the event

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

Company News

Latest News

Paris stocks hit record thanks to luxury

Europe's main stock markets shot higher, with Paris closing at a record high as shares in LVMH surged on record...
Market Report

US Federal Reserve’s favored inflation gauge rises before rate decision

The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...
Economy

Indians queue for Israel jobs as war in Gaza rages

India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

US economy defy expectations to grow stronger in Q4 2023

Washington, US - US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering...
  • The US economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a resilient jobs market and consumer spending, the Commerce Department said
  • The fourth quarter GDP jump "reflected increases in consumer spending, exports, state and local government spending" and other areas, it added
Economy

ECB to urge patience on rate cuts in battle against inflation

The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...
  • Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
  • ECB watchers will be more interested in president Christine Lagarde's press conference
Business

Dubai wins right to host 349 business event in 2023

DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
  • Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
  • DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.