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.

US Fed likely to keep rates steady as uncertainty over Trump’s economic policies looms

Since January, Trump has imposed levies on major trading partners Canada, Mexico and China, and on steel and aluminum imports,...

Economy

From healthcare to finance: How AI is reshaping global industries and GCC economies

A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025

Science
Economy

Egypt’s foreign reserves rise $128m in February

Cairo, Egypt - Egypt’s foreign exchange reserves rose $127.9 million by the end of February to $34.352 billion, compared to...
  • Foreign currencies in Egypt’s foreign reserves include the US dollar, euro, Australian dollar, Japanese yen and Chinese yuan
  • Egypt's economy has come under pressure over the past year, with the Egyptian pound tumbling and foreign currency drying up
Economy

Poor nations’ leaders unleash anger and despair at UN summit

The opening day of general debate at the once-in-a-decade summit saw no major announcement of desperately needed cash - apart...
  • Many made pointed calls for the developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change
  • Central African Republic's president told the UN Least Developed Countries meeting in Doha that his resource-rich but impoverished nation was being "looted" by "Western powers."
Economy

‘UAE’s economy sees fastest growth in over a decade’

The UAE has utilized advanced technologies to develop capacities and meet the growing demand in these sectors. Additionally, the country...
  • The ambitious economic initiatives and programs launched by the UAE in the past few years aim to enhance the country's capacity to address new economic concepts
  • The Gulf country has adopted economic diversification policies that move away from oil, providing sufficient flexibility to address current economic challenges
Business

Saudi EXIM, SINOSURE ink MoU

Pact is likely to help enhance Kingdom's non-oil exports.
  • The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh
  • It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China
Geostrategy

UNCTAD rallying global action to assist 46 least developed countries

UNCTAD’s Secretary-General Rebeca Grynspan and Deputy Secretary-General Pedro Manuel Moreno will lead the organization’s delegation to the fifth UN conference...
  • UNCTAD is calling for effective debt relief and international support to build stronger productive capacities.
  • Least developed countries are the most vulnerable economies in the world, accounting for only 1.3 percent of global GDP.
Economy

Egypt arrests 29 over alleged online crypto scam

Cairo, Egypt - Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded...
  • The scheme promised large profits from crypto-currency mining and trading services, for fees charged at an attractive foreign exchange rate.
  • The network pocketed about US$620,000 at the expense of its victims in the country now battered by an economic crisis and rapid inflation.
Videos

Tough laws, quotas may plug GCC gender gap

Despite being the most educated demographic, women in the region have the lowest employment rates. it is crucial to incorporate...
  • Experts say that at this pace, it will take Middle East and North Africa region more than 142 years to bridge the gender gap.
  • While more companies are paying closer attention to Diversity, Equity and Inclusion issues persist in the GCC region.
Geostrategy

Satellites could beam poorest nations out of digital desert

At the moment just 36 percent of the 1.25 billion people in the world's 46 poorest countries can plug into...
  • The divide has been a key complaint at a UN summit in Doha, where UN chief Antonio Guterres told their leaders that "you are being left behind in the digital revolution".
  • The launch of thousands of Low-Earth Orbit satellites could bring speedy change and boost African hopes, tech experts promised at the Doha summit.
Economy

Saudi ranks first in technical, vocational education enrollment

Riyadh, Saudi Arabia-- Saudi Arabia ranked first globally on the Global Knowledge Index 2022 in the percentage of students enrolled...
  • The Index is issued by Mohammed bin Rashid Al Maktoum Knowledge Foundation in collaboration with United Nations Development Program.
  • It provides reliable data to help countries and decision makers to understand and face the real transformations and challenges.
Economy

UAE keen on new technologies, says minister at Raisina Dialogue 2023

NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
  • Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
  • The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.

US Fed likely to keep rates steady as uncertainty over Trump’s economic policies looms

Since January, Trump has imposed levies on major trading partners Canada, Mexico and China, and on steel and aluminum imports,...
Economy

Company News

Latest News

Russia won’t consider ratings while granting loans to countries

Previously, to be eligible for a loan from Moscow, a country could not be categorized in the sixth or lower...
Economy

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...
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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

UAE, Mauritius conclude CEPA talks, set to boost trade

The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
  • Mauritius posted an 8.5 percent GDP growth in 2022 — the fastest in 35 years
  • The deal is also expected to drive FDI into fintech, healthcare and tourism sectors
Economy

UAE best performing economy in Arab region, says Arab Monetary Fund

Abu Dhabi, UAE - The United Arab Emirates was named the most economically competitive nation in the Arab world, a...
  • The report noted the UAE secured the top position in the government financial sector index, ranking first in the deficit/surplus to GDP ratio and second in the tax burden index
  • The UAE also topped the infrastructure sector index, leading in mobile phone subscriptions and the percentage of the population with access to electricity
Economy

UAE insurance sector grows with rise in gross written premiums in Q3 2023

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...
  • CBUAE stated that by the end of Q3 2023, the number of licensed insurance companies in the UAE remained at 60
  • The sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies