INSEAD Day 4 - 728x90

Economy

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

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.

Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow

As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...

Business

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
Economy

Saudi Aramco, Energy ministry ink pact to build a carbon capture and storage hub

Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet...
  • Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet its climate change commitments
  • The first package of ongoing activities as part of Saudi Green Initiative, includes investments in the green economy worth more than $186 billion
Economy

Infra investment key to climate change adaptation

“We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy...
  • There is a need to develop climate-smart policies to promote international trade and investment in mitigation and adaptation projects, says WTO official
  • Fostering cooperation to develop common approaches to carbon pricing is critical to driving new transformations, Dr Ngozi Okonjo-Iweala highlights
Economy

Saudi Ports register 15% growth in October container activity

Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at...
  • Growth remained the dominant trend across most cargo categories.
  • Optimizing operational efficiency and attracting big-ticket investments have remained a major focus for the Saudi Ports Authority.
Business

ArcelorMittal Q3 profit at $993m

Firm is suffering from slowdown in China's economic growth.
  • The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.
  • ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.
Business

Mazda pulls out of Russia JV

Firm to transfer it equity interest to JV partner Sollers.
  • Mazda stopped shipping parts to Russia in March and ended operations the following month.
  • The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.
Business

Private school operator Taaleem offers 25 percent stake in IPO

Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing...
  •  The final offer price is expected to be announced on 18 Nov. 2022. Listing of the shares and trading on DFM is expected to begin 29 Nov. 2022.
  • The company is seeking to raise total capital of $204 million from the IPO, whose net proceeds will be used to expand its premium K-12 segment, Taaleem said in a statement.

NEOM has a strict data and information security strategy: CEO

Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly.
  • Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly
  • He called for finding and providing technical security solutions that give access to the best possible safe environment for users of the futuristic city’s technologies
Business

Emirates H1 profit at US$1.1bn

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.
  • Emirates has bounced back into the black after its losses during the pandemic, the airline said.
  • The airlines operations recovery accelerated as more countries eased and removed travel restrictions.
Economy

S&P says GCC economies to get a boost from Qatar World Cup

Dubai, UAE—  The economies of the Gulf Cooperation Council will likely receive a boost from the FIFA 2022 World Cup,...
  • Dubai, according to the report, would benefit the most outside Qatar because of its proximity, tourism industry, airline connections and multiple-entry tourist visa provisions
  • According to S&P rating estimates, Qatar's real gross domestic product growth in 2022 will be 4.8 percent, a sharp increase from 2021
Economy

China’s digital economy hits $6.3 trillion

The digital economy has become an important cornerstone of China's stable economic development, said the China Internet Development Report 2022.
  • The digital economy has become a cornerstone of China's economic development, said the China Internet Development Report 2022 released during the WIC Wuzhen summit
  • The summit also released the World Internet Development Report 2022 which revealed the digital economy in 47 countries reached 38.1 trillion U.S. dollars in 2021

Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow

As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...
Business

Company News

Latest News

UAE ministry issues guidebooks on Emiratization for employers, employees

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
Business

Amid volatility, international reserves resilient: World Bank report

Washington, United States -- Central bank reserve management remained resilient during a historically volatile year, according to the fourth edition...
Economy

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Science

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Economy

Gaza suffers critical food shortages amid conflict

Gaza faces a dire humanitarian crisis as food supplies near exhaustion and the financial sector falls into chaos amid the...
  • Gaza faces a dire humanitarian crisis as food supplies near exhaustion and the financial sector falls into chaos amid the ongoing conflict, a WFP report indicates.
  • With a projected drop in Palestine's GDP and daily economic activity at a standstill, WFP calls for global intervention to prevent a full-scale food security disaster.
Economy

ADIB publishes ‘sustainable finance framework’ establishing criteria for borrowing

Abu Dhabi, UAE--Abu Dhabi Islamic Bank (ADIB) has published "Sustainable Finance Framework" establishing criteria and eligibility requirements that determine which...
  • The bank's framework will determine the eligibility of projects for it to finance or refinance, including the issuance of green, social and sustainability sukuks.
  • ADIB will give priority to projects with environmental benefits across renewable energy, energy efficiency, green buildings, pollution prevention and control