INSEAD Day 4 - 728x90

Economy

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

UAE leads solar energy growth with strategic projects

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...

Fossil fuel demand is high in Central Eastern Europe. Here’s how it can make the energy transition

This “responsible transition” is not only defined by the development principles, but primarily by a selective investment approach in our...

Economy
Geostrategy

Two dead, 200 rescued in Lebanon migrant boat sinking: army

On Twitter, UNIFIL confirmed it was assisting the Lebanese Navy "in search and rescue operation at sea between Beirut &...
  • Men, women and children -- mostly refugees from Syria but also about 50 Lebanese -- were on board the vessel when it got into difficulty
  • Earlier, the army said a naval patrol had been dispatched to rescue the vessel packed with people attempting to "illegally leave Lebanese waters"
Economy

Croatia embraces euro, joins borderless Europe club

Experts say the adoption of the euro will help shield Croatia's economy at a time when inflation is soaring worldwide...
  • At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone
  • EU chief Ursula von der Leyen will visit Croatia later Sunday to mark the momentous occasion
Business

Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor...
  • The agreement aims at enhancing cooperation in a way that realizes the national strategic goals for industry in developing local manufacturing capabilities.
  • The MoU stipulates building an assembly plant with the CKD system for electric cars and internal combustion engines cars in Saudi Arabia.
Economy

Egypt pushes for bigger private sector role in economy

Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from...
  • The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt
  • The policy aims to give the private sector a greater role in helping to grow the economy, create jobs and increase investment and exports
Economy

China’s manufacturing activity drops despite lifted Covid restrictions

For more than two years, China had insisted on a zero-Covid strategy of stamping out outbreaks with strict quarantines, lockdowns...
  • The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48
  • The index has not been in positive territory since September, and December's figure was lower than the 47.8 reading predicted by Bloomberg analysts
Economy

UAE secured 41.5% of Japan’s crude oil needs in November

Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and...
  • Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry
  • Over 95%, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation's top exporter of oil
Economy

UAE tops Arab world in exports worth US$142.5bn in 2021

Abu Dhabi--The UAE ranked first in the Arab world in terms of the value of manufactured exports in 2021, with...
  • The UAE's manufacturing industry exports account for 43.9 percent of overall Arab exports of manufacture, owing to strong growth in the field of re-exports
  • In Arab countries manufacturing industry exports totaled $325 billion in 2021, up from $244 billion in 2020, a 33.2 percent increase
Economy

Gold set for strong quarterly rise after interest rate-driven drop

Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June...
  • Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020
  • Back-to-back rate hikes by the US central bank pushed gold to a more than two-year low in September
YEARBOOK 2023

Inflation, uncertainty rule as 2022 comes to an end

The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include...
  • As the new year is set to begin, TRENDS wishes all its readers a very happy and prosperous New Year.
  • We also consider it crucial to review and document the profiles of the important countries in the region and across the world.
YEARBOOK 2023

Data set to drive GCC telecom growth in 2023

Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.
  • The GCC mobile market is forecasted to grow meagerly at a CAGR of 1.9 percent during 2021-26. 
  • To arrest a further decline in voice revenues, mobile operators have been selling mobile voice and data service bundles.

UAE leads solar energy growth with strategic projects

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...

Company News

Latest News

Al Rajhi Bank appoints Abdullah Al Rajhi as chairman

RIYADH, SAUDI ARABIA - Al Rajhi Bank said on Monday that it has appointed Abdullah bin Sulaiman Al Rajhi as...
Business

Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction

ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
Business

Stock markets on hold as investors await key US inflation data

Stock markets were mostly in wait-and-see mode as investors eyed the release this week of key US inflation data that...
Market Report
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

EDB commits US$350m for renewable energy projects in developing countries

ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...
  • The ETAF platform is a global climate finance facility established by the International Renewable Energy Agency (IRENA).
  • The announcement was made during the signing of a collaborative partnership agreement between EDB and IRENA.
Economy

Monsha’at reports Q3 rise in SMEs driven by growth across non-oil sectors

RIYADH, SAUDI ARABIA  - The General Authority for Small and Medium Enterprises (Monsha'at) has released its latest quarterly SME Monitor,...
  • The total number of SMEs in the Kingdom has risen and reached 1.27 million.
  • Over 43 percent of SMEs are located in the financial capital of Riyadh.
Business

Bank of Sharjah joint lead manager for $350m Ittihad sukuk

SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million...
  • The Sukuk issuance was 1.7 times oversubscribed, with the orderbook reaching approximately US$600 million.
  • “This demonstrates Ittihad’s solid business fundamentals and confirms its strong credit appetite,” CEO of Bank of Sharjah said.