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.

Non-oil sectors drive robust growth in GCC countries, says World Bank report

While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...

Economy

Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals

US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...

Economy

Food delivery market hots up even as inflation fear makes GCC residents cautious about expenses

Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which...
  • Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.
  • Inflation rates, however, vary widely from a high of 6.5 percent in Qatar to a low of -0.4 percent in Bahrain, a PwC report points out
Economy

ADAFSA launches first livestock auction market in Abu Dhabi

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first...
  • Other auctions will be organized regularly to enable livestock breeders directly sell their camels to the public.
  • The permanent livestock auction market will serve as a destination for those interested in buying camels, cattle and rare animals.
Geostrategy

FNC’s UAE-EU friendship groups meets with Czech parliament

PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah...
  • The meeting discussed the importance of strengthening the cooperation between the two parliaments.
  • The two parliamentary groups discussed ways of improving the relations between them.
Geostrategy

Saudi would back bids for Man Utd, Liverpool, says sports minister

Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...
  • Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.
  • Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.
Business

DEWA to hold second General Assembly in December

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced...
  • The assembly will vote on the recommendation of the Board of Directors to distribute a special one-time cash dividend of US$552 million to its shareholders.
  • For the year 2022, DEWA intends to pay its shareholders a total dividend of $2.24 billion.
Economy

Abu Dhabi to host Annual Investment Meeting in May 2023

The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead...
  • The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner
  • The meeting will be attended by decision-makers, investors, experts, and academic figures from all over the world
Geostrategy

UAE takes part in IORA meetings in Bangladesh

DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...
  • The UAE affirmed its commitment to promoting inclusive growth and prosperity within the Indian Ocean region.
  • The launch of the Sheikh Zayed IORA Scholarship for Humanitarian Action and Development was officially announced.
Economy

German economy grew more than estimated in third quarter

Gross domestic product grew "despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks,...
  • Europe's biggest economy expanded by 0.4 percent between July and September compared to the second quarter
  • Analysts had forecast a contraction in the third quarter as the fallout from Russia's war in Ukraine takes a toll on European economies
Economy

Libya expels over 200 migrants across land borders

The United Nations had previously handled the repatriation of refugees from Libya, but the deal between authorities in the west,...
  • The group of returnees included "105 Egyptians, 101 Chadians and 20 Sudanese."
  • The operation was organized by the Interior Ministry of Prime Minister Abdulhamid Dbeibah's Tripoli-based government
Economy

‘Dubai seeks to be among top digital economies’

Sheikh Hamdan bin Mohammed, who is also Dubai’s Higher Committee of Future Technology Development and Digital Economy Chairman, said this...
  • Sheikh Hamdan has approved the new phase of the Dubai Metaverse Strategy, which aims to enhance the digital economy
  • The new phase of the strategy aims to implement measures to empower the use of the metaverse and future technologies

Non-oil sectors drive robust growth in GCC countries, says World Bank report

While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...
Economy

Company News

Latest News

Jordan signs two deals worth $140m for water sector development

Amman, Jordan - Jordan's government has signed two deals with the German KfW Development Bank to secure a financial package...
Economy

Saudi FDI flows revised to US$33bn in 2022 under new IMF-approved methodology

Riyadh, Saudi Arabia-- Foreign direct investment (FDI) into Saudi Arabia amounted to $32.52 billion in 2022, revised upwards from $8...
Economy

SEC reports $1.55bn Q3 profit

The company attributes the growth to surge in demand.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

UAE Islamic Treasury Sukuks auction is a tremendous success

ABU DHABI, UAE - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration...
  • The fifth auction of the UAE T-Sukuks program witnessed strong demand through with bids received worth US$1.57 billion.
  • The success is reflected in the market-driven prices, which was achieved by a spread of 4 to 11 bps over US Treasuries with similar maturities.
Economy

IMF upgrades China growth forecast to 5.4 percent in 2023

Beijing, China - The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing stronger consumption and...
  • The economy grew 4.9 percent in July-September, slower than the previous quarter but a lot better than expected and a little shy of the government's goal of 5%
  • China's economy expanded just 3.0 percent last year -- well below the official target of 5.5 percent -- as it was choked by draconian Covid-19 measures
Market Report

IPOs in MENA raise US$5.8bn in first nine months of 2023

ABU DHABI, UAE - A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East...
  • The report indicated that the MENA region witnessed six IPOs during the third quarter of this year with proceeds of US$523 million.
  • The report described plans to list shares for IPO in the fourth quarter of 2023 and early 2024 as still promising.