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.

Exclusive: Green investments lead to tangible returns, says WEF’s Philips 

Public-private partnerships are essential for advancing sustainable urban development and meeting net-zero targets, Vivian Brady Phillips, Head of Strategic Initiatives,...

Rudolph Lohmeyer: The Gulf is redefining the global future, not just adapting to it

The Middle East must counter global economic divergence by enhancing regional financial integration to drive collective growth, Rudolph Lohmeyer tells...

Business
Business

Jordanian-Bahraini business forum explores investment opportunities

AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...
  • The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.
  • The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.
Economy

ADJA delivers training program on drafting contracts, legal memos

ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing...
  • This was done to develop the skills and competencies of practitioners engaged in the legal profession.
  • The program will help the professionals to improve the quality of their service.
Economy

Oil prices rebound after opening the year down over 9%

Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents...
  • Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel
  • Over the previous two sessions, Brent and WTI's declines of more than 9 percent were the biggest two-day losses at the start of a year since January 1991
Economy

Sharjah lists 4 categories eligible for retirement

The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age.
  • The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age
  • The second category is those who have sufficient funds set aside in the Sharjah Social Security Fund
Economy

Amazon CEO says 18,000 jobs to be cut from workforce

Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the...
  • The CEO Andy Jassy said the company's leadership was "deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly
  • She said some of the layoffs would be in Europe, adding that the impacted workers would be informed starting on January 18

Japan tuna price soars past $270,000 at New Year auction

Michelin-starred sushi restaurant Onodera Group and Japanese wholesaler Yamayuki forked out 36.04 million yen ($273,000) for the 212-kilo bluefin tuna...
  • The New Year auction is highly anticipated, and securing the top-priced tuna offers bidders bragging rights
  • For years, the top bid came from self-proclaimed "Tuna King" Kiyoshi Kimura, who paid a record $3.1 million in 2019
Economy

Yemeni Govt, IsDB, SPDRY launch economic empowerment program in Yemen

The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production...
  • The agreement aims to establish a general framework for activating development in Yemen and addressing challenges related to agricultural production chains
  • The program's three main pillars include financing e-commerce solutions, providing consultations to develop value chains and technical skills for SMEs
Economy

Businesses in Qatar post growth in December due to World Cup

Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month....
  • Wholesale, retail, and service providers in particular registered rapid expansions in activity
  • The Qatar Financial Centre PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 450 private sector companies
Economy

500,000 clients in Saudi Arabia use e-notarization of social cases in 2022

The Saudi Notarization Law has transferred a number of such jurisdictions from courts to the notarial e-system.
  • The Saudi Notarization law has transferred a number of such jurisdictions from courts to the notarial e-system
  • E-notarization provides several services that dispense with paperwork and spare clients the need to visit notarial offices
YEARBOOK 2023

GCC investment in non-oil sectors grew in 2022

GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their...
  • GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies
  • The Kingdom's NEOM introduced the energy and water company Inwa, while the Saudi Ports Authority launched 12 private sector investment opportunities last year

Exclusive: Green investments lead to tangible returns, says WEF’s Philips 

Public-private partnerships are essential for advancing sustainable urban development and meeting net-zero targets, Vivian Brady Phillips, Head of Strategic Initiatives,...

Company News

Latest News

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...
COP28 UAE

Morocco gardening school cultivates hope for marginalised youth

Launched by the Islamic Culture Foundation in 2018, Bouregreg Med-O-Med school provides free training to dropouts and other marginalized youths...
Economy

COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action

Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE voted to Category-B membership in International Maritime Organization

LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...
  • The UAE received the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections.
  • The country plays an active role in strengthening the national maritime sector and contributing to the growth of the global maritime industry.
Business

IMF to revise regional outlook over Israel-Hamas conflict

Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region...
  • The IMF staff wrote in a blog post that Israel-Hamas conflict will have wide-ranging consequences for "both people and economies" in the region
  • The IMF officials said countries like Lebanon that are heavily dependent on tourism saw hotel occupancy rates drop by 45 percentage points in October compared to a year ago
Business

Mumtalakat, Investcorp ink pact

The firms have jointly launched a climate investment platform.
  • The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
  • They must manage and minimize the execution risks associated with expansion in middle-market investments.