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.

Dubai real estate sets all-time record in 2024

Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time...

Indian workers replace Palestinians in Israel’s construction sector amid post-war labour void

Indians, long employed in Israel as caregivers, diamond traders, and IT professionals, are now increasingly recruited for the construction sector...

Economy
Economy

Aircraft orders drive US manufactured goods demand

A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected,...
  • Orders for defense aircraft and parts soared 21.7 percent from September to October.
  • Surging inflation in the United States and supply chain problems have proven a challenge to industry and consumers.
Geostrategy

Jordan, Egypt discuss various aspects of transportation

ALEXANDRIA, EGYPT - Jordan's Minister of Transport Maher Abu Al-Samen discussed with his Egyptian counterpart Kamel Al-Wazir ways and means...
  • The talks were held on the sidelines of the Council meeting of Arab Transport Ministers in Alexandria, Egypt.
  • Jordan's minister hailed the constructive meeting of Arab Transport Ministers.
Economy

First batch of Certified Government Legal Advisors graduate from ADJA

ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation...
  • The program will prepare trained and specialized human cadres capable of understanding, assimilating and developing the legal systems.
  • The program combines practical and theoretical training and to provide the cadres with basic skills that ensure efficient performance of their work.
Business

Tunisian village banks on cacti to bring in fortune

In a dry country where access to water is already far below the 1,700 cubic meters per resident per year...
  • Used in moisturizing and anti-ageing products, the oil is a much-needed cash cow in a region where one third of people live in poverty
  • The success of the prickly pear in Zelfen has prompted farmers in other regions such as Nabeul and Kairouan to take an interest
Economy

‘UAE govt seeks to enable SMEs enter global markets’

"The UAE economic model is based on developing the national entrepreneurship system and enhancing the participation of Emirati entrepreneurs and...
  • The UAE government is seeking to open new channels for entrepreneurs and support the growth and expansion of their businesses in global markets, says economy minister
  • The country is strengthening global strategic economic partnerships and cooperation to enhance the potential for sustainable growth, Abdullah bin Touq Al Marri adds
Economy

With gas prices up, Algeria hikes defense budget to US$23bn

With its revenues buoyed by high hydrocarbon prices over the past year, Algeria intends to double its defense budget to...
  • According to the budget approved by the lower house, the total allocated to defense in 2023 will be $22.8 billion for 2022
  • The overall budget is predicated on a forecast economic growth rate of 4.1 percent and inflation of 5.1 percent, along with an oil price of at least $60 a barrel
Interview

Saudi business incubators among the most effective leadership empowerment tools in Gulf region: Expert

Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is...
  • Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass
  • Saudi Arabia, whose startups raised $70 million across 12 deals, ranked third, with e-commerce enabler platform Zid grabbing $50 million, according to a study
Economy

UAE economy expected to grow more than 6 percent in 2022: IMF

The country's inflation has risen with global trends and is expected to average just over 5 percent this year, while...
  • The IMF statement came following discussions with UAE authorities from November 2 to 17, 2022. Ali Al-Eyd, who led the IMF staff team, the UAE has seen robust growth this year.
  • The outlook is, however, subject to significant external uncertainties, including the impacts of global economic and financial headwinds and geopolitical developments.
Economy

AD Ports Group, TotalEnergies partner to explore solar power opportunities

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions...
  • The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda
  • The emirate plans to install 5.6 gigawatts of solar PV capacity by 2026 and is currently developing the world’s largest solar plant with a capacity of 2GWs in the Al Dhafra
Economy

Jordan and Iraq to deepen political, economic ties

Amman, Jordan— Jordan and Iraq have renewed their commitment to deepen political and economic ties between the two neighboring countries....
  • During bilateral talks King Abdullah expressed keenness to enhance the strong ties between the two countries
  • Discussions covered regional issues and crises, the Palestinian cause, and efforts to counter terrorism

Dubai real estate sets all-time record in 2024

Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time...

Company News

Latest News

Al Ansari 9M profit US$105m

The operating income of the group rose to US$234 million.
Business

Saudi Arabia’s Industrial Production Index falls 11.2% in September

RIYADH, SAUDI ARABIA – The Kingdom of Saudi Arabia’s Industrial Production Index (IPI) fell by 11.2 percent year-on-year (YoY) in...
Economy

ADIB issues green sukuk

The final orderbook of the green sukuk closed at $2.6 billion.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Putin, Erdogan and Raisi make visits in Central Asia

Tashkent will host the Iranian and Turkish presidents, as well as Pakistani Prime Minister Anwaar-ul-Haq Kakar and Central Asian leaders....
  • The talks in Tashkent summit are expected to focus on trade, humanitarian cooperation and transport
  • Turkish president Recep Tayyip Erdogan is likely to bring the Gaza issue to the table
Business

UAE rides property-market boom as demand soars

Global firms looking to hire space for offices and demand from govt, local dwellers have turbocharged the sector, driving property...
  • Demand for office space in Abu Dhabi was primarily fueled by government and semi-government institutions, which remain the city's primary tenants
  • To cope with the high demand, Dubai will supply the market with an extra 72,000 square meters of office space by the end of the fourth quarter
Business

Oil slumps below $80 for first time since July, stocks wobble

Brent crude, the main international contract, briefly dropped more than 2 percent to hit $79.80, before bouncing back above $80...
  • Crude had already plunged about four percent the previous day on news that China's exports fell at a faster pace than predicted in October.
  • The drop in oil prices provided some support to stocks, but they still struggled. After opening with modest gains, Wall Street's main indices slipped into the red.