INSEAD Day 4 - 728x90

Economy

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

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.

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

China, Canada retaliate to Trump tariff war as markets fall

Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...

Business
Geostrategy

CBUAE, Egyptian Banking Institute discuss training, cooperation

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...
  • CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
  • They also discussed supporting professional capabilities-building and expertise development.
Economy

Sharjah Consultative Council approves DVA policy recommendations

SHARJAH, UAE - The Sharjah Consultative Council (SCC) has approved its recommendations regarding the Districts and Villages Affairs Department (DVA)...
  • The recommendations touched on the importance of providing social and psychological specialists in the suburb councils.
  • They also called for expanding the establishment of a suburb festival to include various cities and regions of Sharjah.
Economy

Investments in Jordan industrial estates rise 19 percent in 2022

AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared...
  • Jordan Industrial Estates Company said that 27 of the new investments were in the service sector, with a growth rate of 26 percent.
  • The remaining 147 new investments were in the industrial sector, with a growth rate of 7 percent over the previous year, JIEC said.
Economy

QDB unveils green financing

It will target Qatar-based small and medium enterprises.
  • QDB Acting CEO said that supporting sustainability through this and other programs is part of the bank's strategy to support environmentally friendly projects
  • QDB will finance 80 percent of a project's total cost for companies that will produce final green products with a positive and sustainable environmental impact

Iraq’s Gulf Cup victory marred by stampede, logistical slips

Baghdad, Iraq--Iraq saw the Gulf Cup as a chance to rehabilitate its image after a years-long football hosting ban, but a...
  • The stampede outside a football stadium ahead of the cup final in the southern city of Basra killed one person and injured dozens
  • The Gulf Cup was an opportunity to show that Iraq could safely host a tournament, as the country seeks to rebuild after decades of conflict
YEARBOOK 2023

Southeast Asia may re-take leading growth position

Advanced economies are expected to slow down further this year, while ASEAN-6 economies are more resilient to the current macro...
  • Pre-pandemic, Southeast Asia was one of the most dynamic economic regions in the world, prompting opportunity and growth at a significant scale for decades, says a QNB report
  • Advanced economies may slow down further this year, while ASEAN-6 economies are more resilient to the current macro scenario and should present robust, mid-single digit growth
YEARBOOK 2023

Fearing a decline in demand amidst global slowdown, Kuwait may raise exports of oil derivatives to Europe

The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute...
  • The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute of International Finance report points out
  • Real GDP growth is expected to slow to 2.5% in 2023 if average crude oil output stabilizes, while real growth outside hydrocarbon sector is projected to stabilize at 3.8%
Geostrategy

Iraq finalizes fresh air deals with Gulf countries

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
  • A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
  • He added that in the future, there may be air agreements with Kuwait as well.
Geostrategy

Qatar Chamber discusses investment with Cuban delegation

DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic...
  • The meeting touched on economic and commercial relations between Qatar and Cuba.
  • The Qaraei delegation also discussed the business opportunities offered by the Cuban side in the sector of water resources.
Business

DEWA implements SAP’s Audit Management System

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first...
  • DEWA's Internal Audit Department is an independent assurance function that adopts the best-in-class standards and practices.
  • The Internal Audit department at DEWA operates under an approved charter.

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

Company News

Latest News

OPEC implores members to oppose any COP28 deal targeting fossil fuels

Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...
COP28 UAE

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

European Union fails to agree on budget reforms

Brussels, Belgium - EU finance ministers failed to seal a deal on an overhaul of the bloc's spending rules on Friday,...
  • The lack of approval comes despite the ministers meeting for a dinner on Thursday to discuss the reform, before talks stretched into the early hours of Friday.
  • The current rules, albeit suspended since 2020, say states must keep debt below 60 percent of gross domestic product and deficits below three percent of GDP.
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.