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.

Real challenges of digital transformation

Blockchain enhances security and efficiency by decentralizing data storage, and reducing fraud, David Boast tells TRENDS in an exclusive interview.

Economy

A new era of economic growth and productivity with AI

The technology will likely automate millions of jobs, Mark J. Penn, a US businessman, political strategist, and author tells TRENDS...

Economy

UN culture chief vows to help rebuild conflict-hit, heritage-rich Iraq

Years of war and insurgency have taken a heavy toll on the many Mesopotamian, Islamic and Christian treasures in a...
  • The mission of UNESCO chief comes ahead of the 20th anniversary later this month of the US-led invasion which toppled Saddam Hussein
  • Since 2018 the UN agency has raised more than $150 million for projects in Iraq, mostly the reconstruction of Mosul
Economy

Energy sector vital to solving climate challenge: Dr Al Jaber

Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al...
  • He called for quick decarbonization, and the need for creating the energy system of the future
  • The minister noted the financing gap between the world’s climate ambitions and the climate goals

Poor countries call for debt resolution at UN summit

Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official...
  • The UN Development Program (UNDP) has estimated that 52 countries were either suffering debt stress or close to it and in danger of default
  • China, now the biggest single creditor nation, has recently indicated a willingness to work with the IMF and other institutions to organize debt relief
Economy

US wants hike in global crude output, including from OPEC: official

The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department...
  • OPEC+ decided in early October to cut production by two million barrels per day and has not changed its output level since
  • The US president has regularly called in the last year for an increase in the OPEC+ output, but the cartel has not raised its quotas
Arts & Culture

UAE shares view at first G20 Culture Working Group meeting

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...
  • G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
  • The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.
Economy

Saudi Arabia to deposit $5 bn in quake-hit Turkey’s central bank

Ahmed Al Khateeb, the Saudi tourism minister and board chairman of the Saudi Fund for Development, signed an agreement with...
  • The decision, which will shore up Turkey's foreign reserves and help it combat inflation, was made on the order of King Salman and Crown Prince Mohammed bin Salman.
  • Turkey was already suffering from skyrocketing inflation and a weakening currency before last month's massive 7.8-magnitude earthquake.
Economy

Judge to quiz Lebanese central bank head in embezzlement case

Lebanon opened its probe following a request for assistance from Switzerland's public prosecutor probing more than $300 million in fund...
  • The 72-year-old central bank governor is the subject of several domestic and international investigations over suspicions of money laundering.
  • The governor denies all accusations against him and has rarely appeared before the judiciary, despite numerous complaints and summonses.
Infographics

Fewer GCC women achieve leadership roles

Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly...
  • A PwC survey last year found that a large group of younger women are more likely to go to work and remain in employment to fulfil their ambitions in MENA region.
  • Saudi Arabia has witnessed a 35.6 percent increase in the women's economic participation. Still, the gender gap in leadership roles is huge.
Business

Dubai Land Department launches new feature to streamline procedure

DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in...
  • The aim of the new feature is to streamline procedures and improve the experience of DLD's customers.
  • The feature requires all parties to be present at the real estate registration trustee office to sign contracts.
Economy

UAE, Oman agree to cooperate on development, environmental protection

Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage...
  • Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in fish farming and achieving net-zero targets
  • Almheiri said that the UAE seeks to encourage the implementation of eco-friendly solutions to address environmental challenges

Real challenges of digital transformation

Blockchain enhances security and efficiency by decentralizing data storage, and reducing fraud, David Boast tells TRENDS in an exclusive interview.
Economy

Company News

Latest News

FTA issues guide to determine natural persons subject to corporate tax

ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
Geostrategy

Oman to expand production of green hydrogen to boost non-oil economy

Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...
Business

SFD-financed Arkiz Agricultural Project in Mauritania inaugurated

Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Export Bahrain and HKTDC sign agreement to ramp up trade ties

Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...
  • The agreement between the two sides looks to foster mutually beneficial trade and economic cooperation
  • As per the dea, both sides will facilitate access to a wide range of opportunities for enterprises in both countries
Business

Qatar’s customs and tax departments link up e-services to ‘facilitate’ business

Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...
  • The launch of interconnection is expected to achieve automation and integration of procedures, with the aim of providing the best services to taxpayers
  • The chairman of customs said that the e-connection between customs and tax services is part of Qatar's vision to leverage technology and provide advanced and effective services
Economy

Qatar expects a decrease in inflation next year

Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
  • The Qatari finance minister said the high inflation in Qatar during 2023 was linked to high food prices, and it was a temporary phenomenon
  • The minister said the total expenditure in the 2024 budget will be US$55.1 billion, a one percent compared to the current year's budget