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.

Qatar’s non-energy private sector shows strong growth in 2024

Doha, Qatar – Qatar’s non-energy private sector recorded robust growth in the final months of 2024, according to the latest...

Economy

Females make up 37.6% of the GCC population of 57.6 million

Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in...

Economy
Economy

Egypt’s IMF deal aims to reduce government debt

Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80...
  • Egypt negotiated its latest IMF loan as the economic fallout from the war in Ukraine exacerbated a foreign currency shortage resulting from Egypt's large trade deficit
  • The package includes a monetary policy aimed at gradually reducing inflation, fiscal consolidation to ensure a downward public debt trajectory while enhancing social safety nets
Business

EGA to supply CelestiAL solar aluminium to Kobe Steel

The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling...
  • The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan
  • EGA currently supplies thousands of tonnes of aluminium to Kobe Steel every year, in a business relationship that stretches back more than 25 years
Economy

UAE looks to deepen renewable energy partnership with Scotland

Dubai, UAE--A UAE delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade is on...
  • The delegation visited the Scottish Enterprise, which highlighted its efforts to transform Scotland’s economy through innovation and investment
  • The UK is one of the UAE’s top trading partners as the volume of bilateral non-oil trade between the two reached US$7.4 billion in the first nine months of 2022
Economy

Sheikh Tamim says ‘exceptional’ World Cup delivered to fans

Paying tribute to the finalists and fans in a Twitter statement after the match, Qatar's ruler said that the Gulf...
  • Sheikh Tamim bin Hamad Al-Thani paid tribute to the finalists and fans in a Twitter statement after the match
  • Messi was prominently pictured wearing a 'bisht' traditional cloak that the emir presented the Argentina icon before he lifted the World Cup trophy
Science

UN nature deal calls to protect 30% of planet by 2030

MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030...
  • It called on wealthy countries to increase financial aid to the developing world to $20 billion annually by 2025.
  • Developing countries, spearheaded by Brazil, were seeking the creation of a new fund to signal the global north's commitment to the cause.
Science

Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd...
  • The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
  • It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.
Videos

UAE 2031 vision key to its global ambitions

The vision is based on four pillars that cover all sectors including the society, economy, diplomacy and ecosystem, the government...
  • We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years.
  • It seeks to "enhance the position of the UAE as a global partner and an attractive and influential economic hub", the government says.
Economy

‘Rental Disputes Center provides 9 years of stability in real estate sector’

DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve...
  • RDC resolved cases by concluding reconciliation agreements amounting to 10,179 cases that were resolved amicably.
  • The average duration of execution of rental judgments and decisions for 2022 is four days, the RDC director says.
Economy

Fuel crisis cripples life in Syria as authorities ramp up prices

Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing...
  • Authorities have announced four fuel price hikes since the start of the year as well as rationing of petrol and fuel oil supplies
  • According to the UN, ninety percent of the population now live below the poverty line and 12.4 million people are food insecure
Business

Germany cuts the ribbon on first LNG terminal

Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal...
  • LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.
  • Until now, Germany had no LNG terminals and relied on cheap gas delivered through pipelines from Russia for 55 percent of its supply.

Qatar’s non-energy private sector shows strong growth in 2024

Doha, Qatar – Qatar’s non-energy private sector recorded robust growth in the final months of 2024, according to the latest...
Economy

Company News

Latest News

MENA’s $2trn construction boom boosts sustainability

With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in...
Economy

Northvolt says it develops new sodium-ion battery

Stockholm, Sweden - Battery group Northvolt said on Tuesday it had developed a new sodium-ion battery, a technology using less critical...
Business

Tax havens only half the story, says OECD

Paris, France - Tax havens are blamed for lower public revenues elsewhere as they lure away multinational firms but a study...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Opinion

AI, Industry 4.0 transform Middle East manufacturing

"As we look ahead, the manufacturing landscape is set to continue evolving, navigating through the VUCA (volatility, uncertainty, complexity, and...
  • Saudi Arabia, the UAE, and Egypt spearhead the Middle East's manufacturing growth, harnessing AI and Industry 4.0 to revolutionize their economic landscape.
  • In 2024, Middle Eastern manufacturers will focus on smart manufacturing, AI-enhanced supply chains, and digital ecosystems, driving sustainable growth in a pivotal year.
Economy

Strains emerge in 72-year-old Türkiye-Israel trade ties

Amid Ankara's criticism of Israel's actions against Gaza and Israel reassessing diplomatic relations, the future of their oil and steel...
  • Amid Ankara's criticism of Israel's actions against Gaza and Israel reassessing diplomatic relations, the future of their oil and steel economic partnership becomes uncertain.
  • In 2022, Israel exported $2.34 billion worth of goods to Türkiye, while Türkiye's exports to Israel amounted to a substantial $7.03 billion, the latest trade figures point out.
Business

48,616 firms register with Dubai Chamber of Commerce in January-September 2023

DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...
  • The total value of exports and re-exports of member companies reached $57 billion in January- September 2023.
  • The strong growth underlines Dubai’s attractiveness among both companies and investors,