INSEAD Day 4 - 728x90

Economy

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

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.

IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...

Economy

UNFPA and corporate partners drive reproductive justice in workplaces

Mariarosa Cutillo, UNFPA Chief of the Private Sector and Civil Society Branch, says businesses need to provide adequate maternal health...

World Economic Forum
Videos

Gulf states stare at slower GDP growth in 2023

The world, according to the latest World Bank report, may be edging toward a global recession this year. Here is...
  • The world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies, according to the World Bank.
  • The head of the IMF, Kristalina Georgieva, also talked of a tougher 12 months ahead and expects a third of the world to experience a recession.
Science

DEWA completes 77 percent work in Hatta Water Reservoir

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a...
  • The project is being built at a cost of approximately US$23 million and is expected to be completed in April 2023.
  • The structural foundation works for all facilities and reservoirs are 100 percent complete,
Economy

Qatar’s foreign reserves post 9.6% rise in December to US$59.31bn

Doha, Qatar--Qatar Central Bank's (QCB) international reserves and foreign currencies liquidity increased last December by 9.6 percent on an annual...
  • The figures issued by QBC showed an increase in the bank's official international reserves standing at $44.31 billion by the end of last December
  • QCB's official international reserves recorded a growth of 3.6 percent, compared to that of November 2022, which at that time amounted to $42.77 billion
Economy

China’s foreign exchange reserves swell to US$3.127trn

Beijing, China--China's foreign exchange reserves rose to US$3.1277 trillion at the end of December 2022, up 0.33 percent from a...
  • The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and asset price changes
  • Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries and boost coordinated regional development
Economy

Egypt posts 10% jump in exports to US$3.32bn

Cairo, Egypt--The Engineering Export Council (EEC) of Egypt has announced that the sector’s exports increased by 10% to $3.32bn from...
  • Exports of the electrical and electronic sectors climbed by 2%, while exports of transportation equipment increased by 14%, metal forming saw an impressive gain of 96%
  • Egypt’s economy was hit hard after Russia’s invasion of Ukraine last February unsettled global investors and led them to pull billions out of the North African country
YEARBOOK 2023

KSA, UAE lead GCC in food security initiatives

Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in...
  • Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in the region, says an expert
  • Thevolume of investment in the food industry in the Kingdom has exceeded SAR 88.191 billion through more than 1183 factories. the country's official data highlights
Business

Dubai records over US$2.72bn in weeklong real estate transactions

DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during...
  • A total of 2,173 real estate transactions were conducted during the week ending January 6, 2023.
  • A total of 270 plots were sold for US$612 million, 1,903 apartments and villas were sold for US$1.33 billion.
Business

Aldar, Diamond Developers launch sustainable city project in Abu Dhabi

The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and...
  • The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and biodomes
  • Available for buyers of all nationalities, Yas Island will feature condominiums and townhouses located in 10 intimate clusters
Economy

SEWA announces 149% rise in emiratisation in engineering jobs

The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the...
  • The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the end of 2023
  • It plans to employ 170 jobseekers from the emirate, including 130 national engineers, and 40 for administrative positions
Economy

Iraq looks to make football comeback with Gulf Cup

Basra, Iraq--Iraq on Friday welcomed football teams from across the region for the Gulf Cup, ending nearly three decades of...
  • The tournament in the southern city of Basra brings together eight teams, with Friday's opening match seeing the host nation take on Oman
  • Tournament organizers have undertaken major infrastructure projects to help Iraqis forget their years in the football wilderness

IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...
Economy

Company News

Latest News

UAE and Turkmenistan pledge to ramp up ties ‘in all fields’

Dubai, UAE-- The UAE and Turkmenistan have agreed to enhance bilateral ties in all fields, particularly in the development sectors,...
COP28 UAE

Bitcoin soars past $40,000 on optimism for US trading approval

FTX, the world's second-biggest crypto exchange, dramatically went under last year, and its boss Sam Bankman-Fried faces up to 110...

Net-zero targets must include fossil fuel ‘phase-out’: monitor

According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

COP28 UAE

UAE president and UN chief discuss ‘collective action’ to address climate challenges

Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...
  • The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions
  • They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action
Economy

Is 2030 the finish line for the Gulf Railway Project?

The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...
  • The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.
  • Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.
COP28 UAE

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.