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.

IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...

Economy

Gold hits record, dollar drops as tariff fears dampen sentiment

With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...

Business
Economy

ECB looks to hike interest rate again but analysts divided on how much

The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs...
  • Currently many analysts are betting on a quarter point hike from ECB, due to slowing inflation as well as a stable outlook in the 20-nation currency club
  • A day ahead of the ECB's announcement, the US Federal Reserve is set to unveil its latest rate decision, with traders expecting another quarter point hike
Economy

China’s manufacturing declines in April as recovery challenges loom

Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict...
  • Its PMI dropped to 49.2 in April from 51.9 in March, and below the 50-point mark that separates expansion and contraction in activity, data from NBS showed
  • The March reading was the highest since May 2011, as the country saw a surge in demand for travel, entertainment and other leisure services unavailable for nearly three years
Economy

Gaza merchants sulk over tax hike as poverty bites hard in enclave

A split between Hamas and the PA, which administers the Israeli-occupied West Bank, often leads to disputes over taxation and...
  • According to the Palestinian Central Bureau of Statistics and the IMF, the poverty rate has reached 53 percent and unemployment has hit 45 percent
  • Nahed al-Souda, secretary of the clothes traders' syndicate, said a compromise was eventually reached, allowing for the tax-free importation of 600,000 pairs of jeans
Economy

UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei

Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...
  • Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
  • President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development
Economy

Iran-EU trade posts 9.2% drop to US$847mn in first two months of 2023

Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering...
  • Eurostat data shows Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged $279 million worth of goods
  • The Islamic Republic exports to the EU jumped to $1.08 billion in 2022 as against $904 million in the same period of last year

AI key to global opportunities, practical solutions

"Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing...
  • Key research projects at MBZUAI focus on sustainable environment, infrastructure, healthcare, education, and large language models, says an official
  • AI has the potential to contribute to the UAE's net-zero strategic initiative by reducing greenhouse gas emissions and advancing climate progress
Geostrategy

Jordan’s exports to EU nations in January,  February 2023 rose to US$87m

AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent...
  • Jordan's imports from the EU nations in January, February 2023 rose to reach US$671 million.
  • Trade exchange between Jordan and EU countries in January, February 2023 amounted to about US$758 million.
Economy

Jordan-US trade soars to US$745mn in first two months of 2023

Amman, Jordan--The volume of trade exchange between Jordan and the US shot up in January and February 2023 to $745...
  • The Department of Statistics said in a statement that the vaule of exports from Jordan to the US shot up to $392 million in the first two months of 2023, a 28.2 percent jump
  • Imports from the US to Jordan also increased during the first two months of the year to $353 million, a 38.2 percent jump, as against $255 million for the same period of last year
Economy

IEA’s call to halt oil investments will hurt market

His remarks came after the IEA Executive Director, Fatih Birol, criticized OPEC+ for their unexpected decision to reduce oil output...
  • OPEC Secretary General Haitham Al Ghais has cautioned IEA against discouraging oil investments crucial for global economic growth
  • Russia's Deputy PM Alexander Novak says the OPEC+ group, comprising leading oil producers, sees no need for further output cuts
Geostrategy

European probe officials to question Lebanon central bank audit firms

European investigators probing Lebanese central bank chief Riad Salameh's wealth will question officials from two international firms previously tasked with...
  • Visiting European investigators plan to question officials from the Lebanon offices of Deloitte, Ernst and Young, and a local firm.
  • The European investigators arrived in Beirut this week on their third trip to Lebanon in connection with the probe.

IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...
Economy

Company News

Latest News

Real estate workforce in Saudi Arabia soars to 26,000 after localization push

Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial...
Economy

IsDB discusses collaboration with China’s ICBC and BOC

Jeddah, Saudi Arabia -- President of the Islamic Development Bank (IsDB) Muhammad Al-Jasser held today held discussions with senior officials...
Business

Abu Dhabi establishes Artificial Intelligence and Advanced Technology Council

Abu Dhabi, UAE-- The UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a law, as the ruler of...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Rising costs, debt challenges grip Egypt’s economy

Egypt begins 2024 with steep increases in essential services' prices, exacerbating the economic strain on its citizens amidst a broader...
  • Egypt begins 2024 with steep increases in essential services' prices, exacerbating the economic strain on its citizens amidst a broader economic crisis.
  • The government seeks to stabilize the economy through IMF program renewal amid challenges like rising foreign debt and fluctuating exchange rates.
Business

ASFAR, Municipality of Al-Ahsa sign agreement

RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...
  • The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.
  • The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.
Economy

Bahrain Q4 2023 imports increase to US$3.92bn

MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...
  • The top 10 countries accounted for 69 percent of Bahrain's total export value.
  • The value of exports with national origin was of $2.89 billion during Q4 2023.