INSEAD Day 4 - 728x90

Economy

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...

Geostrategy

China says opposes new US tariffs, vows ‘countermeasures’

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its...

Economy
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
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

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
Geostrategy

Company News

Latest News

Sharjah Consultative Council okays emirate’s draft budget 2024

Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the...
Business

Tunisia, Saudi Arabia sign 7 MoUs in various sectors

Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
Economy

UAE’s hiring landscape sees rise in homegrown talent

"The challenge today is not just in assimilating this fresh talent but in bridging the gap between them and the...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai real estate sales near record $109bn in 2023

Dubai, UAE - Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...
  • The momentum in the real estate market in the emirate will continue during the next year, according to Walid Al Zarooni, CEO of the W Capital.
  • The residential real estate markets, Al Zarooni said, may remain at the investors radar during 2024 considering the latest trends in the market
Economy

Oman year-on-year growth rate touches 15.4 percent

Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
  • The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
  • Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.
Economy

Bahrain economy posts 2.45% growth in third quarter of 2023

Manama, Bahrain--National accounts estimates issued by the Information eGovernment Authority of the Kingdom of Bahrain showed that the real GDP...
  • According to the report, the jump in growth is due to the surge in the non-oil sector by 4.48 percent at constant prices and 4.81% at current prices on an annual basis
  • The gross domestic product at constant prices reached $9.15 billion during the third quarter of 2023 compared to $8.79 billion during the same period of 2022.