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.

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

Egypt central bank lowers interest rate for first time since 2020

Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after...

Economy
Economy

UAE leads as infrastructure, technology investments boost logistics performance of GCC countries

The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's...
  • The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's latest Logistics Performance Index
  • While the UAE ranks fourth globally for logistics with a LPI score of 7, Qatar, Saudi Arabia, Oman, Bahrain and Kuwait are also doing well, the latest report points out
Business

UAE energy ministry awards DEWA for research, innovation

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...
  • DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.
  • The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.
Science

UN chief calls for protection of biodiversity on International Mother Earth Day

NEW YORK, US -  UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
  • The UN chief highlighted the crucial relationship between humanity and the natural world.
  • He called for deeper and faster emissions cuts to limit global temperature rise to 1.5 degrees Celsius.
Business

DFM, ADX account for 20% of Arab exchanges’ liquidity last week

Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of...
  • Arab stock exchanges, according to the Arab Monetary Fund, raked in liquidity to the tune of $10.28 billion last week
  • ADX’s liquidity shot up by 2.22 percent last week from US$1.489bn to $1.522bn, while DFM’s liquidity surged by 41.4 percent from US$344.4mn to US$486.06mn
Business

Canada to allot US$9.8bn in subsidies for Volkswagen battery plant

Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...
  • Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value
  • In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy
Business

Reliance posts Q1 profit rise

It posted better-than-expected profit increase to US$2.35bn.
  • According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion
  • The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago
Economy

US inflation now ‘broad-based,’ top Fed official says

Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...
  • Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high
  • She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending
Economy

Qatar sees record expenditure during Eid holidays

The entertainment sector, which includes restaurants, cinemas, and theme parks, attracts customers at record rates during the festive period, especially...
  • Economists expect that the demand for gifts will double, and the demand for recreation will increase during the 11-day Eid holiday in the Gulf country.
  • Ad campaigns and the doubling of Eidiyah contribute to increasing purchasing power and positively reflect on the performance of the two sectors, they add
Business

London seeks to keep Europe fintech crown despite Brexit

London, United Kingdom -- From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion...
  • Britain's exit from the European Union without an EU-London deal on financial services has complicated access to the gigantic market and talent.
  • The UK last year saw injections of funds into its fintechs slump by 56 percent to just over $17 billion.
Business

UAE conventional banks’ assets $829 billion by end of Jan 2023

Gross assets of the Islamic banks operating in the country increased to AED620.9 billion as of the end of January...
  • Conventional banks in the UAE accounted for nearly 83.1 percent of the total assets in the banking sector by the end of Jan 2023.
  • The Islamic banks’ deposits increased to AED434.1 billion in Jan 2023, an annual increase of 3.1 percent, compared to nearly AED421 billion in Jan 2022.

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

Company News

Latest News

Bahrain and Slovakia to ramp up cooperation in urban planning

Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development. In...
Economy

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,...
Business

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

World Economic Forum

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
  • Over the course of the week, more than 3,000 policy makers, business executives, academics and innovators discussed some of the world's most pressing issues at the annual meet.
  • The Forum announced it will hold a special meeting, hosted by Saudi Arabia, on “Global Cooperation, Growth and Energy for Development” on 28-29 Apr 2024 in Riyadh.
Business

Tesla’s Musk throws down the gauntlet

Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.
  • Tesla has lost over US$90 billion in market cap, a rough landing in 2024, and a continuation of a slide that could crash the EV maker’s stock value, data from Refinitiv revealed.
  • There is declining growth in EV production and a wider slowdown in the market that has Tesla investors nervous.
Economy

Markets track Wall St rally but China worries cast shadow

Broader markets were also enjoying a day in the sun though traders struggled to maintain the morning's momentum. Tokyo put...
  • US data points on inflation and jobs, and comments from central bank officials have combined with growing geopolitical tensions to drag equities in January
  • In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week