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.

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

Building an anticipatory governance strategy for an increasingly risky world

Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to...

Economy
Economy

Turkish economy benefits from spending, posts 5.6% growth

Istanbul, Turkey -Turkey’s economy posted 5.6 percent growth in 2022, growing faster than expected last quarter as the government ramped...
  • Household spending, which is estimated to account for more than half the economy, grew an annual 16.1% during Q4 2023
  • The global lender said it would lower its 2023 growth forecast by about half a percentage point from its initial 3.5%-4% estimate
Business

French court sets aside NGOs lawsuit against TotalEnergies

PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...
  • The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
  • It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment
Economy

High vegetable prices, inflation hit Moroccans ahead of Ramadan

The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross...
  • Inflation is adding extra pressure just as Morocco prepares for Ramadan, the Islamic fasting month which starts in late March.
  • "Everything's more expensive," said Khadija El Asri, a resident of the down-at-heel neighborhood of Sidi Moussa.
Market Report

US, European stocks dip as traders mull US rates outlook

US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...
  • Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
  • Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
Economy

Khalifa Fund announces winner of CEO Program

ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED)...
  • The CEO program is a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills.
  • The program also helps build and grow ag-food tech ventures and contribute to the UAE's Food Security Strategy.
Economy

Turkey quake damage at $34bn: World Bank

The World Bank warned that the continuing aftershocks are likely to increase the total amount of damage caused by the...
  • The amount is equivalent to four percent of Turkey's GDP in 2021, the Washington-based institution said
  • The estimate also does not take into account the damage caused in northern Syria, also particularly affected by the earthquakes

UN raises $1.2bn to help millions in war-torn Yemen

The UN says more than 21.7 million people - two-thirds of Yemen's population -- need humanitarian assistance this year. Its...
  • The figure was far short of the $4.3 billion sought from donors at a pledging conference in Geneva, but the UN hoped the figure could reach $2 billion by the end of the week
  • It was the seventh donor conference for Yemen in seven years - but the UN hopes the next such gathering could focus on rebuilding the broken country rather than staving off hunger
Economy

Saudi economy to grow 3% in 2023: Riyadh Capital

Riyadh, Saudi Arabia--Saudi Arabia’s economic growth is expected to accelerate by 3 percent in 2023 backed by a robust non-oil...
  • The growth will be driven by a sturdy fiscal policy geared towards increasing investment spending
  • The report pointed out that the Saudi Central Bank will follow the Fed in its interest rate policy
Economy

EU and Britain agree on Northern Ireland trade deal

Prime Minister Rishi Sunak and European Commission president Ursula von der Leyen adopted the deal at a meeting in Windsor,...
  • The UK government under Boris Johnson had threatened a unilateral rewrite of the protocol unless the EU agreed to wholesale changes
  • French President Emmanuel Macron lauded an "important decision" that will protect the European market
Economy

Ras Al Khaimah to launch a free zone for virtual asset companies

RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector.
  • RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector
  • It will be remote-work friendly, globally connected destination for digital and virtual asset companies building innovative business models for the future

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

Company News

Latest News

Lebanon economy to plunge into recession due to Gaza war

The impact of the conflict had reversed a slight recovery for Lebanon, which has battled a deep economic crisis for...
Economy

Angola departure a blow for OPEC+ as cartel tensions rise

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum...
Geostrategy

UAE consumer spending expected to rise by 5% in 2024: Mastercard report

Dubai, UAE -- Consumer spending in the UAE is expected to increase by 5 percent in 2024, while consumers and...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

EU agrees on 150-million financial aid for Tunisia

A joint statement said the funds amounting to around $164.3 million "aims to support the efforts undertaken by the Tunisian...
  • The aid is part of a partnership agreement reached between the two countries in Tunis on July 16, which included a 105 million euros to curb irregular migration
  • The joint press by EU commission and the Tunisian foreign ministry release said the 150-million aid will consist of a "direct financial transfer to the Tunisian public treasury

UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries

At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...
  • At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and ensure a secure digital future.
  • Australia committed $2 million to UNCTAD for e-commerce support in developing nations, as Kenya unveiled a national strategy to spur its digital economy growth.
Economy

Qatar expects 11.4% revenue dip in 2024 budget on lower oil prices

Finance Minister Ali bin Ahmed Al Kuwari attributed the decrease in revenues to the adoption of an average oil price...
  • Expenditures are expected to increase by 1 percent from 2023 to reach QR 200.9 billion, due to a rise in the allocations for salaries and wages.
  • Allocations for both current expenditures and secondary capital expenditures also increased by 6.4 percent and 27.5 percent respectively, compared to 2023.