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.

Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...

Economy

Stocks sink again as Trump holds firm on tariffs

Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...

Business
Business

Number of SMEs in UAE reaches 557,000 by end of 2022: Minister

Dubai, UAE -- A total of 557,000 small and medium enterprises (SMEs) were operating in the UAE at the end...
  • Minister of Economy Abdullah bin Touq Al Marri said the number was in line with UAE’s ambitious plan to achieving 1 million SMEs by the end of 2030.
  • The UAE banks provided AED 83.3 billion ($23 billion) in financial facilities to small and medium-sized enterprises in 2022.

World warms to Bridgetown Initiative on climate change ahead of WB, IMF meetings

Experts say developing nations are struggling to find the funds needed to stop burning planet-heating fossil fuels and prepare for...
  • The IMF has created a new loan-based Resilience and Sustainability Trust to help poorer or vulnerable countries boost sustainable growth
  • The World Bank says it delivered a record $31.7 billion last year to help countries tackle climate change and has started to draft a roadmap for change
Economy

UAE’s global merchandise trade crossed $1trn mark in 2022: WTO

Based on data from the WTO, the UAE's export values in 2022 grew by 41%, while imports made up 22%...
  • Exports grew 41 pecent to $599 billion in 2022, accounting for 2.4 percent of the global merchandise exports share
  • The UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods trade
Economy

UAE’s health sector witnesses digital transformation

The Gulf country has an influential and effective international presence and continues to fulfil its obligations in enhancing the efficiency...
  • The UAE supports digital transformation, artificial intelligence, and big data in healthcare worldwide, says UAE's Minister of Health and Prevention
  • The country ranked first in the world in 14 health indicators in 2022, adds Abdul Rahman bin Mohammad bin Nasser Al Owais on World Health Day
Economy

Economic crisis, Ukraine war impact Arab currencies

The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while...
  • The currencies of six Arab nations faced significant decline during the first quarter of 2023 amidst global economic uncertainty, while another six experienced growth
  • Economic challenges, the strengthening US dollar, and the ongoing Russian-Ukrainian war have all played a role in the recent currency fluctuations
Business

UAE, Vietnam begin process for economic partnership pact

Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive...
  • The UAE is the leading trade partner of Vietnam in the Arab region, accounting for 39 percent of Vietnamese trade with the region’s countries.
  • The two sides discussed ways of strengthening their cooperation in the areas of trade, investment, the new economy, industry and energy.
Economy

Kais Saied denounces IMF bailout conditions as ‘foreign diktats’

The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian...
  • Saied said that the foreign diktats of IMF will lead to more poverty which is unacceptable.
  • Saied's government reached an agreement in principle in mid-October for a nearly $2 billion package from the IMF.
Economy

‘Global growth to fall below 3 percent in 2023’

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...
  • Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
  • Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.
Business

DEWA, Siemens Energy discuss enhancing cooperation

DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...
  • DEWA is implementing clean and renewable energy and water desalination projects.
  • The firm attaches great importance to research in sustainable and renewable energy.

Global equities wobble as US data raises recession fear

London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets...
  • On Wall Street, the Dow eked out a modest gain but the S&P 500 and Nasdaq both fell as more data added to recession concerns
  • Gold price, considered a safe bet in times of economic crisis, lingered above $2,000 level, not far from a record $2,075.47 set in August 2020

Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
Economy

Company News

Latest News

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
Market Report

Lunate Capital launches Shariah-compliant ETF tracking Indian equities

ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...
Business

Morocco joins UAE, Jordan, Egypt, Bahrain in regional industrial collaboration

Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai aims to become global creative economy capital

"Dubai transcends economic statistics; it embodies a pursuit of the highest quality of life. Our aspiration is to achieve excellence,...
  • Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, invites content creators to join in shaping Dubai's narrative.
  • He underscores Dubai's strategic role as a global hub, especially through DXB airport, serviced by Emirates Airlines and flydubai.
Economy

China, Russia trade soared in 2023 as commerce with US sank

Beijing, China - Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday,...
  • China-Russia trade reached more than $240 billion, customs figures showed, overshooting a goal of $200 billion set by the neighbours in bilateral meetings last year
  • The figure is a record for the two countries, who have grown closer politically and economically since Moscow's invasion of Ukraine in 2022
Economy

Gulf countries eye global metal recycling hub status

Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to...
  • Amid an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to double metal prices.
  • Gulf countries are positioned to become global recycling hubs, offering a solution to the impending crisis and aiding the transition to clean energy.