INSEAD Day 4 - 728x90

Economy

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.

Empower okays $119.1m H2 2025 dividend

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

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...

Economy

Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

Geostrategy
Business

Qatar expects Eid bonanza, hotel occupancy rates to go up 80%

Doha, Qatar-- Qatar expects a big boost in hotel occupancy rates by at least 80 percent during the Eid holidays...
  • Qatar aims to have at least six million visitors annually and raise the contribution of the tourism sector to the country's GDP to 12 percent by 2030
  • Visitors can now apply for a visa using a single platform, on which they can submit their visa applications and then receive the travel documents
Economy

Air pollution causes more than 1,200 deaths a year: EU agency

The EU environmental agency said that air pollution is responsible for causing more than 1,200 premature deaths a year in...
  • The overall death tolls for the continent could be higher as the report did not cover the major industrial nations of Russia, Ukraine and the United Kingdom
  • According to figures released on Monday, ninety-seven percent of the urban population were in 2021 exposed to air that did not meet WHO recommendations
Business

Stc to buy assets in Europe

It will acquire a portfolio of towers in Europe for US$1.3bn.
  • According to a statement, Tawal infrastructure, an arm of Saudi Telecom will pay cash for a host of more than 4,800 towers in Bulgaria, Croatia, and Slovenia
  • A few media reports said that it was close to a deal to buy the assets from United Group, which is backed by buyout firm BC Partners
Business

HFZA showcases Sharjah as attractive investment destination at India Steel 2023

SHARJAH, UAE -  India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
  • Iron and steel rank among the top commodities exported from the UAE to India.
  • India is among UAE's most vital trade partners, with substantial mutual investments.
Economy

Collective action required for food security, says FAO

MIYAZAKI, JAPAN  -  With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
  • Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
  • "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
Economy

Up to $1.7 trillion investment needed for green aviation goals

To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced...
  • Carbon-free propulsion options, such as battery and hydrogen-powered aircraft, are some of the options the aviation industry is pursuing.
  • Airports, airlines and others will need to make heavy infrastructure investment to deliver the green hydrogen and electricity the aircraft will need.
Geostrategy

UK to test new alert system on mobile phones

LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...
  • The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
  • Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.
Economy

China’s property market buzzes with excitement after record slump

Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see...
  • The property sector was also dented by some homeowners refusing to pay their monthly mortgage payments after getting fed up with developer
  • China's property sector and construction account for about a quarter of China's GDP and is a key pillar of the country's growth
Geostrategy

EU foreign policy chief asks European navies to patrol Taiwan Strait

Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece...
  • Echoing comments he made last week, Borrell reiterated in the journal Du Dimanche how crucial Taiwan is to Europe
  • Vowing to bring the island under its control one day, China claims Taiwan as part of its territory
Economy

‘Saudi Arabia is committed to combat climate change’

The Kingdom is dedicated to collaborating with international and regional partners to find solutions in the climate sector. Saudi Arabia...
  • Saudi Arabia aims to increase the percentage of renewable energy to 50 percent in electricity production by 2030, says minister Adel bin Ahmed Al-Jubeir
  • The Kingdom will produce up to 2.9 million tons of hydrogen annually by 2030 and increase it to 4 million tons annually by 2035, added the Climate Affairs Envoy

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
Economy

Company News

Latest News

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
Business

China remains world’s largest logistics market in terms of demand

BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's...
Business

Dubai GDP growth up 3.3 percent in nine months of 2023

Real estate soared by 4 percent, while financial and insurance activities surged 2.7 percent. The knowledge economy improved with a...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Cinema ticket prices in Saudi Arabia decline by 16% in 2023

Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...
  • With 627 screens across 69 venues nationwide, Saudi Arabia's cinema sector is expanding at one of the fastest rates globally
  • In 2022 and 2023, box office sales exceeded $240 million annually, with over 17 million cinema tickets sold in 2023 alone
Economy

Global leaders need digital skills for AI management

"Governments should design solutions to face these challenges rather than ignoring them, leveraging the positive effects and significant opportunities presented...
  • Equipping global leaders with digital skills will ensure effective implementation across various economic sectors.
  • The success of governments is tied to their proactive approach in adapting to new technological advancements.
Business

France flooded with applications for electric car leasing scheme

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
  • Some 90,000 people have applied to the scheme since the start of the month, French Environment Minister Bechu said.
  • President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France.