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.

Asian markets advance after Wall St gains, US Postal Service U-turn

Asian markets rose Thursday, tracking gains on Wall Street and following the US Postal Service's U-turn on a ban on...

Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner

Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...

World Economic Forum

Egypt, India launch ‘strategic partnership’ to boost trade

The two leaders agreed to increase Indian investments in Egypt, which currently stand at "over $3.15 billion" according to their...
  • India is Egypt's seventh-largest trading partner, according to Cairo's central bank's data, with a joint statement touting record high of $7.26 billion during the last fiscal year
  • Modi hosted Sisi on Thursday as "guest of honor" for a Republic Day ceremony, marking the anniversary of the adoption of India's post-independence constitution
Economy

Year of Sustainability a springboard for global climate action, says Sheikha Shamma of UICCA

Containing the fallout of climate change, addressing related damage and losses, and meeting the relevant needs of developing countries are...
  • Containing the fallout of climate change, addressing related damage and losses, and meeting the relevant needs of developing countries are key challenges, says Sheikha Shamma
  • The UAE’s leadership is prioritising the issue of climate change and has taken proactive steps to accelerate the pace of its climate action efforts, she adds
Economy

Tunisia milk market ‘collapsing’ as feed prices soar

Since October, many shops in Tunisia have restricted milk purchases to two cartons per person as consumers scramble for limited...
  • The North African country's farming union says the price of cattle feed has risen by up to 40 percent in the past year
  • The dairy sector's woes have been exacerbated by years of drought, drying up reservoirs and making it harder for farmers to grow their own fodder
YEARBOOK 2023

Realty may help GCC economies grow 3.3% this year

The Gulf countries are witnessing an increase in investors' confidence due to the region's comparatively good economic conditions, a latest...
  • The Gulf countries are witnessing an increase in investors' confidence due to the region's comparatively good economic conditions, a latest JLL report highlights
  • Since mid-2020, the oil price has rebounded strongly, boosting consumer and investor confidence and resulted in significant financial infusions into the real estate market
Market Report

Markets rise on better-than-expected US growth

Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year...
  • For 2022 as a whole, the US economy grew at a slower pace than the previous year, expanding 2.1 percent, the Commerce Department said.
  • Investors are also focused on the next move of the US Federal Reserve, which has hiked rates since last year in a bid to tame galloping inflation.
Economy

US economy slows in 2022, may result in lower Fed rate hikes ahead

Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net...
  • Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year.
  • Against this backdrop, the world's largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021.
Market Report

DGCX reports 16% growth in total volume of trades in 2022

DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million...
  • The DGCX is the largest and most diversified derivatives exchange in the Middle East.
  • DGCX saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world’s fastest-growing economies.
Business

Nokia 2022 net profit $4.7bn

The company's Q4 net profit surged to US$3.4 billion.
  • Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)
  • The company is engaged in a major competition to install 5G networks around the world
Economy

New UAE commercial agency law will help in improving business environment

ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order...
  • The UAE aims to offer a legislative framework to enable companies to promote the new economic model, particularly the commercial agencies sector.
  • With innovative projects and crucial commercial activities, this sector significantly contributed to the country's development during the past several years.
Economy

UN blames Myanmar military coup for boost in opium farming

The area of land used for opium poppy cultivation expanded by a third to just over 40,000 hectares in 2021-22...
  • The UNODC estimates Myanmar's opium economy is worth around $2 billion -- the equivalent of up to three percent of the country's GDP in 2021
  • A combination of the pandemic and the aftermath of the coup hammered Myanmar's economy with an 18 percent contraction in 2021, according to the World Bank

Asian markets advance after Wall St gains, US Postal Service U-turn

Asian markets rose Thursday, tracking gains on Wall Street and following the US Postal Service's U-turn on a ban on...

Company News

Latest News

UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector

Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and...
Business

UAE leads global renewable energy drive: IRENA envoy

The UAE plays a pivotal role as IRENA headquarters and key renewable energy hub, Dr Nawal Al Hosany, the permanent...
COP28 UAE

Localization in focus as KSA raises military spending

Saudi Arabia's 2024 budget hikes military spending to $71 billion for industry localization and modernization, targeting 50% equipment spending localization...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Battles continue across Gaza as UN holds vote on ceasefire

Israeli forces maintained a relentless bombardment and ground invasion across Gaza two months after Hamas's deadly attack sparked a war...
  • Israel has vowed to destroy Hamas over its unprecedented attack on October 7.
  • Fighters broke through Gaza's militarized border to kill around 1,200 people and seize hostages,
Business

Dubai faces warehouse shortage, says new report

DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according...
  • The report says that demand is outstripping supply and occupiers are faced with the prospect of leasing more secondary stock.
  • Across the six primary submarkets tracked by Knight Frank in Abu Dhabi, rents have remained unchanged thus far during H2.
Economy

Chinese president says Beijing’s economic recovery at ‘critical stage’

Beijing, China - President Xi Jinping said that China's economic recovery is at a "critical stage", state broadcaster CCTV reported Friday,...
  • Xi urged measures to boost the economy, saying that "the development situation facing the country is complex.
  • "It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, (and) prevent and defuse risks," said Xi