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.

Building Smart Cities Starts with Listening to People

Successful smart cities address real challenges, like Mexico City’s digitalization of government services.

Economy

The future of luxury residential development needs to be green and smart

The GCC luxury market segment has experienced significant growth, driven by an increase in the number of high-net-worth individuals. Accommodating...

Interview
Geostrategy

Sharjah, Costa Rica explore trade, food security

SHARJAH, UAE - Chairman of the Department of Government Relations (DGR) in Sharjah Sheikh Fahim Al Qasimi recently met with...
  • The Costa Rican delegation was briefed on Sharjah free zones and industrial zones.
  • The Costa Rican minister said the meeting explored opportunities to strengthen trade between the two sides.
Geostrategy

FNC Speaker, Canadian Senate Speaker discuss strengthening parliamentary ties

ABU DHABI,  UAE - Speaker of the UAE Federal National Council Saqr Ghobash received the visiting Speaker of the Senate...
  • UAE and Canada discussed the development and activation of parliamentary diplomacy between the two countries.
  • The meeting touched on the latest developments in the region and efforts aimed at confronting terrorism and extremism.

How does aid get into rebel-held northwest Syria?

More than four million people live in areas outside government control in Syria's north and northwest, 90 per cent of...
  • The UN largely delivers relief to Syria's northwest via neighbouring Turkey through the Bab al-Hawa crossing
  • On February 13, the United Nations said Damascus had allowed it to use Bab al-Salama and Al-Rai crossings for three months
Economy

Asian markets mixed, with rates set to go higher

With Wall Street closed Monday for Presidents' Day there were few catalysts for regional investors, with focus on the release...
  • Some Fed officials have even suggested they were open to lifting rates by 50 basis points next month, twice as much as expected by markets
  • That has dealt a blow to hopes the central bank would stop hiking soon and even begin cutting rates before the end of the year
Economy

Israel Finance Minister Smotrich vows central bank independence

Israel's inflation rate hit a 14-year high of 5.4 percent in January, prompting the central bank to raise interest rates...
  • Israel's inflation rate hit a 14-year high of 5.4 percent in January, prompting the central bank to raise interest rates by half a percentage point
  • On Monday, foreign minister Cohen slammed the central bank for raising its benchmark interest rate again at a time when inflation was moderating
Geostrategy

Jordan, Algeria discuss closer economic cooperation

AMMAN, JORDAN - A Jordanian ministerial delegation met with a number of Algerian ministers in the North African country on...
  • Jordan and Algeria reached an agreement on a roadmap to advance economic, trade, and investment cooperation for the years 2023–2025.
  • The road map highlights key cooperation projects with the objective of expanding trade exchanges, inter-investment volume.
Economy

UK finances post stronger surplus before key budget

London, United Kingdom--UK government finances recorded a stronger surplus than expected last month, official data showed Tuesday, news that analysts said...
  • UK borrowing soared over the year on support schemes to help the country cope with rocketing energy bills
  • The country is facing the biggest industrial action by public and private sector staff in more than a decade as they seek pay rises in line with sky-high inflation

Israel parliament gives initial approval to judicial reform bill

Lawmakers voted by 63 to 47 to give more weight to the government in the committee that selects judges, and...
  • Lawmakers voted by 63 to 47 to give more weight to the government in the committee that selects judges, and to deny courts the right to rule on legislation
  • Opposition leader Yair Lapid accused the coalition of pushing Israel towards civil war, saying if "you care about Israel and its people" then "you'll halt legislation today"
Economy

AGFUND to support UNICEF’s drive to contain spread of cholera in Lebanon

Riyadh, Saudi Arabia--The Arab Gulf Program for Development (AGFUND) will support UNICEF with funding in order to contain the spread...
  • An agreement was signed in Riyadh by Prince Abdulaziz bin Talal bin Abdulaziz, Chairman of the Board of Directors of AGFUND, and UNICEF Regional Director Adele Khodr
  • The new cooperation includes the establishment of the Center of Excellence for Early Childhood Development, based in Riyadh
Economy

Dubai Government repays $1.08bn worth of Sukuk

The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its...
  • The Government also prepaid an additional US$300 million of Sukuk through an early redemption, almost four years ahead of its maturity in November 2026
  • The Public Debt Management Office said that the Government has fully redeemed the Sukuk through the settlement of payable amounts, including accrued profits, to the investors

Building Smart Cities Starts with Listening to People

Successful smart cities address real challenges, like Mexico City’s digitalization of government services.
Economy

Company News

Latest News

Innovative solutions crucial for marine conservation

The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region,...
COP28 UAE

Plan to end e-vehicle subsidies sparks anger in Germany

BERLIN, GERMANY -  The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a...
Geostrategy

Qatar records 6 percent drop in Industrial Production Index in October

Doha, Qatar-- Qatar has recorded a 9.3 percent drop in the Industrial Production index (IPI) in the month of October...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Volunteers offer help to Arab-Israeli farmers amid Gaza war

Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...
  • Many people, lawyers or teachers, have joined hands to help Arab-Israeli farmers in the harvest as there is a shortage of labor force because of the war
  • Volunteers were picking cucumbers, placing seedlings on stakes, and were preparing for the strawberry harvest when the rains interrupted them
Economy

D33 Economic Agenda helps Dubai’s tourism thrive

“Dubai’s robust partnerships with leading travel and hospitality companies are key to fostering the growth of this crucial sector, both...
  • Dubai's tourism sector plays a pivotal role in the city's economy, with a record 13.9 million visitors in 2023.
  • Under the D33 Agenda, Dubai is not only advancing in tourism but also focusing on sustainability,
Economy

UAE to strengthen digital infrastructure in Azerbaijan

Abu Dhabi, UAE – The UAE and Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital...
  • Data centers are crucial to a country’s digital infrastructure as they provide a secure space for storing critical data and running applications. 
  • Azerbaijan has taken steps towards advancing the digital economy, among else through the centralization of e-services and the digitization of public services