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.

World Bank approves $1.1 bn in financing for Jordan

The World Bank announced Tuesday it will provide Jordan with $1.1 billion in new financing to support economic reforms and...

Economy

Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn

Abu Dhabi, UAE --  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024,...

Business
Economy

Qatar Financial Centre, ILO collaborate to promote ‘decent labor standards’

Doha, Qatar - The Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, has partnered...
  • The ILO-Qatar is cooperating with the Ministry of Labor to enhance the implementation of the labor law across industries in the country
  • Speaking about the event, senior QFC official Luigia Ingianni said that promoting decent work for all is one of the core values of the QFC
Science

This March sets a temperature record for second-warmest month ever

Paris, France--Earth had its second-warmest March on record with Antarctic sea ice shrinking to its second-lowest extent, the EU's climate...
  • A report from the Copernicus Climate Change Service said temperatures were above average over southern and central Europe and below average over most of northern Europe
  • Climate scientists have been warning that global warming is causing sea ice to decline and sea levels to rise, and that dangerous tipping points could be reached
Geostrategy

French, EU leaders to push China for active role in Ukraine peace process

Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in...
  • The visiting French President Emmanuel Macron said that China had a "major role" to play in finding a path to peace in Ukraine
  • In a meeting with Chinese Premier Li Qiang, Macron highlighted the importance of dialogue between China and France
Economy

Saving behavior in the UAE jumps as National Bonds hit 15% growth in 2022

Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...
  • The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
  • The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
Economy

Smart drive: Saudi Arabia aims to include 15% autonomous cars in public transportation by 2030

Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are...
  • Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are focusing more on autonomous technologies
  • Innovative technologies are expected to save commuters in large cities with extensive public transportation up to 15 minutes per day, latest reports suggest
Economy

UAE Unemployment Insurance Scheme subscribers exceed 1m

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...
  • The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
  • The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
Economy

Fitch upgrades Saudi Arabia’s rating to A+ with Stable Outlook

Dubai, UAE -- Fitch Ratings has recently upgraded its Saudi Arabia’s rating to 'A+' with a Stable Outlook. The agency...
  • The upgrade reflects the kingdom's strong fiscal and external balance sheets with large sovereign net foreign assets, Fitch said.
  • The kingdom will continue to progress with fiscal, economic and governance reforms, the agency added.
Business

Jordan’s $1.25 billion Eurobonds oversubscribed six times

Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion...
  • The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
  • Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.
Economy

WTO sees 2023 global trade growth at 1.7 percent

The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...
  • The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
  • The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.
Economy

Global equities waver on US recession fears, New Zealand rate hike

Asian indices drifted after losses on Wall Street, as data showing a softening in the US jobs market pointed to...
  • The central bank of New Zealand on Wednesday became the latest to hike interest rates sharply to tackle soaring inflation.
  • Gold climbed as high as $2,028.44, a level last seen in early 2022 and not far from a record $2,075.47 set in August 2020.

World Bank approves $1.1 bn in financing for Jordan

The World Bank announced Tuesday it will provide Jordan with $1.1 billion in new financing to support economic reforms and...
Economy

Company News

Latest News

Wars to cast pall over meeting of global VIPs in Davos

Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...
Business

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

Most Read

The UAE President swears in 3 new ministers

The ministers taking the oath of office were Dr Amna bint Abdullah Al Dahak Al Shamsi who was appointed as...
  • President Sheikh Mohamed extended his best wishes to the ministers for success in their new roles
  • Sheikh Mohammed bin Rashid said that the UAE leadership places great importance on enriching the government's workforce
Economy

US consumer inflation jumps more than expected to 3.4 percent

Washington, US - Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the...
  • The Department of Labor's consumer price index (CPI), a key measure of inflation, was up 3.4 percent from a year ago and higher than November's figure
  • But underlying pressures still appear to be ebbing, as a "core" metric that strips out volatile food and energy prices cooled to 3.9 percent in the last month of 2023
Business

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
  • Aquellum is hidden within a breathtaking 450-meter-high mountain range.
  • The subterranean digitalized community creates vibrancy and interconnectivity.