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.

Bitcoin close to record as cautious markets eye US election

The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has...

Putin thanks UAE president for positive role in prisoner exchange with Ukraine

UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...

Economy

ILO says global crises will lead to a fall in labor market

The war raging in Ukraine and other overlapping crises are taking a toll on labor markets worldwide, the UN said,...
  • In a fresh report, the International Labor Organization cautioned that the outlook for global labor markets has deteriorated in recent months.
  • It also warned that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries."
Geostrategy

Saudi Arabia, UAE say global investments required for oil production

Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before...
  • Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy
  • Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the Gulf countries were both increasing production capacity.
Geostrategy

UAE, Kyrgyz Presidents review bilateral relations

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...
  • UAE and Kyrgyzstan affirmed their common interest in enhancing bilateral relations.
  • The meeting explored various opportunities of the UAE- Kyrgyz friendship and affirmed to further cooperation in economy, trade.
Economy

Most non-oil economies in MENA region seeing ‘gradual slowdown’: IMF

Despite soaring inflation and murky economic prospects worldwide, the IMF maintained its projection of 5.0 percent growth for the region...
  • MENA region varies wildly, from low-income states growing at just 0.8 percent to the wealthy Gulf monarchies that are running at 6.5 percent growth.
  • "Almost two-thirds of the non-oil countries in the region are witnessing a gradual slowdown," he said, presenting the IMF's latest report which includes Iran but not Israel.
Business

DEWA adds 600MW of clean energy production capacity

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added...
  • Mohammed bin Rashid Al Maktoum Solar Park will have a production capacity of 5,000 megawatts (MW) by 2030.
  • The fifth phase is currently underway, with a total capacity of 900MW and investments estimated at $560 million.
Business

Nedaa, Nokia ink 5G deal in Dubai

5G network will help Nedaa provide better services.
  • With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
  • The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
Geostrategy

Europe’s gas storage reserves now at over 90 percent

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...
  • Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
  • Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
Economy

Saudi Arabia’s GDP grows by 8.6 percent in third quarter of 2022

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by...
  • The seasonally adjusted real GDP increased by 2.6 percent in the third quarter 2022 compared to the second quarter this year.
  • Non-oil activities grew by 5.6 percent and government services activities by 2.4 percent on a year-on-year basis.
Business

Hong Kong looks to legalize crypto for retail investors

Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus...
  • In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left
  • A fintech conference opened on Monday and will be followed on Wednesday by a finance summit attended by some of the world's top bankers
Economy

Swiss National Bank loses nearly $143bn in first nine months

The scale of the loss can be gauged from the fact it is slightly more than the annual economic output...
  • The scale of the loss can be gauged from the fact it is slightly more than the annual economic output of Morocco ($132 billion)
  • The loss could mean that the bank halts payouts to the Swiss federal and cantonal governments next year

Bitcoin close to record as cautious markets eye US election

The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has...

Company News

Latest News

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...
Economy

FII7 sees $17.9 billion in investments, summit on AI

Riyadh, Saudi Arabia – The three day 7th edition of the Future Investment Initiative (FII7)  which ended on October 24...
Economy

Saudi Arabia’s Ministry of Investment inks 3 MoUs at FII7

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Interview

Global tech collaboration can benefit all: Expert

The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.
  • The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.
  • He emphasizes the interrelation of FDI and technology, advocating for inclusive technological advancements that support local businesses.
Economy

Retail plays a pivotal role in UAE’s Net Zero mission

“To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming...
  • UAE minister Mariam bint Mohammed Almheiri emphasizes sustainability in retail operations
  • A total of 13 additional businesses have signed the UAE Climate Responsible Companies Pledge
Economy

High interest rates are here to stay for a longer duration: IMF chief

Riyadh, Saudi Arabia - The world should be prepared that the interest rates are here to stay for a longer...
  • Kristalina Georgieva conceded that "interest rates are not just suffocating, they are making life harder." 
  • She also called on the overburdened countries to restructure debt, promising that the IMF was ready to assist