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.

Eight OPEC+ members extend oil supply cuts until year end

Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...

Economy

BRICS integral to Arab trade diversification strategy

The UAE and Saudi Arabia’s trade with China and India far exceeds their trade with the US and UK. This...

Economy
Economy

Turkish inflation jumps to 85.51 percent in October

Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkey has bucked the global...
  • Last month, Turkey's central bank cut its policy rate for a third consecutive time, bringing it down to 10.5 percent from 12 percent
  • On Wednesday, Erdogan praised the state of the economy, in an address to his ruling AKP lawmakers in the parliament
Economy

GCC states raise interest rates after Federal Reserve’s hike

Most of the GCC states have raised their key interest rates in the wake of the Federal Reserve's decision to...
  • The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited
  • The IMF said higher oil prices are likely to lead to fiscal surpluses and growing foreign reserves for Gulf economies, which will reduce the need for governments to borrow
Economy

UAE president, Biden meet virtually to discuss energy transition

The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.
  • The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition
  • UAE president briefed Biden on the UAE’s funding and assistance for clean energy projects on six continents
Economy

BoE set for biggest rate hike in 33 years to bring down inflation

Struggling to bring down the runaway inflation, the Bank of England is expected to hike its key interest rate on...
  • The expected hike would mirror aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades
  • The US Federal Reserve on Wednesday announced a fourth consecutive hike of 0.75 percentage points, taking its benchmark lending rate to 3.75-4.0 percent
Economy

Kazakhstan impounds jewels worth US$230m from ex-leader’s nephew

Almaty, Kazakhstan—Kazakhstan's anti-corruption agency said Wednesday it had seized jewels worth more than $230 million, in a case involving the nephew...
  • The agency said in a statement that exclusive gems and precious stones worth 230 million US dollars were seized in "operational-search activities"
  • The anti-corruption agency also said that $300 million that he had invested abroad will be "soon be given to the budget of Kazakhstan"
Economy

Saudi Arabia, Egypt discuss renewable energy cooperation

The two ministers also talked about the progress in the electrical interconnection efforts.
  • The two ministers also talked about the progress in the electrical interconnection efforts
  • They also discussed ways to improve cooperation between their specialized businesses
Economy

UAE, US partner to invest $100bn in renewables, clean technologies

The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the...
  • The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the two countries
  • The UAE has invested more than US$50 billion over the past ten years in clean energy technologies and solutions around the world
Geostrategy

Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...
  • As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.
  • The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.
Geostrategy

UAE Minister, IMF Director discuss challenges facing MENA

UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...
  • The minister underscored the importance of the IMF in enhancing the safety of the global economy.
  • He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.
Market Report

Global stocks rise on Fed optimism, zero-Covid China policy reports

Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...
  • Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.
  • Positive results from multinational firms also helped lift equities.

Eight OPEC+ members extend oil supply cuts until year end

Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...
Economy

Company News

Latest News

Tech development must be ethical, inclusive: Scientist

Interdisciplinary discussions can help in guiding ethical tech development for the greater good, Karen Hallberg of Argentina's Bariloche Atomic Centre...
Economy

Middle East conflict may disrupt global trade routes

Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy...
Geostrategy

Iran, Russia to invest $38bn in developing INSTC

TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

GFH Capital mulls listing on Saudi market, says CEO

RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul. GFH...
  • The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait.
  • The group is continuing with fulfilling the regulatory requirements prior to listing.
Economy

Saudi Arabia’s economy exceeds US$1trn mark

RIYADH, SAUDI ARABIA – The gross domestic product of the Kingdom exceeded US$1 trillion which displays strong progress towards meeting...
  • This positive outcome is attributed to strong investment from the private and public sectors,
  • Non-oil revenue growth, ongoing diversification, and economic resilience efforts has also helped.
Economy

UAE president discusses climate financing with World Bank chief

Abu Dhabi, UAE – The UAE president Sheikh Mohamed bin Zayed Al Nahyan Thursday discussed climate financing with the President of...
  • The meeting also discussed global economic conditions, and the contributions of the World Bank in supporting regional and global development
  • The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year