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.

Asian shares rise as markets await tech results

Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...

Economy

Gold breaks above $2,700 to record high as geopolitical uncertainty heightens

Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity...

Economy
Videos

New industrial policy seeks to diversify Saudi economy

The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities...
  • The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion.
  • The Crown Prince said the program will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”
Economy

China’s factory activity contracts on Covid curbs

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at...
  • While activity at larger businesses expanded in October, work at small and medium-sized enterprises contracted significantly
  • The economic slowdown has also been exacerbated by a crisis in the massive property sector, where a series of debt-laden developers have defaulted on loans
Economy

UAE refunds tax incurred on building, operating mosques

The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1.
  • The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1
  • Refund of input tax includes expenses related to the actual construction process of the mosque
Economy

Egypt to grant ‘golden license’ in order to boost investment

The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities...
  • Egyptian President Abdel Fattah Al-Sisi has issued a directive during the inauguration of the first International Forum and Exhibition for Industry
  • The decision came following Egypt’s agreement with the International Monetary Fund, allowing the country to obtain an extended credit facility of $3 billion
Business

Sheikh Khaled bin Mohamed bin Zayed meets CEOs of INPEX, BP

Energy security, enhancing partnerships were discussed.
  • The meeting discussed ways of harnessing opportunities in renewables and hydrogen.
  • The meetings deliberated on ways of expanding existing relationships to enable a more sustainable future.
Geostrategy

Ukraine blames Russian blockade for making grain export ‘impossible’

Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged after Moscow claimed...
  • UN Secretary-General Antonio Guterres on Sunday expressed "deep concern about the ongoing situation regarding the Black Sea Grain Initiative.
  • The July deal to unlock grain exports signed between Russia and Ukraine and brokered by Turkey and the UN, is vital for easing the global food crisis.
Business

ConocoPhillips buys 6.25% in Qatar’s North Field South project

Project is part of the world's biggest natural gas reserves.
  • Energy Minister Saad Sherida al-Kaabi said Qatar was talking with Asian nations over a share in its campaign to increase annual production by 60 percent.
  • France's TotalEnergies and Britain's Shell both have 9.37 percent stakes in the field, while state-owned Qatar Energy has the remaining 75 percent.
Business

DEWA commissions 389 11kV substations in Q3 of 2022

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter...
  • DEWA now has 77 substations of 33kV in service, and 42,529 medium voltage (11Kv or 6.6Kv) substations.
  • These stations are mainly located at Wadi Al Safa Fifth, Al Merkad, Madinat Al Matar and Al Yalayis 1.
Geostrategy

Investment to tackle climate change falls in 2022, says UNCTAD

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global...
  • Mitigation projects accounted for 94 percent of international climate investments, whereas adaptation ones continued to lag far behind.
  • Developed economies made up two thirds of international project finance deals and greenfield investments in renewables.
Geostrategy

Lebanon’s Aoun vacates presidential palace as power vacuum looms

Michel Aoun was vacating Lebanon's presidential palace, amid acclaim from his supporters, a day before his mandate expires without a...
  • Lebanese lawmakers have tried but failed four times in a month to agree on electing a successor after Aoun's six-year term ends.
  • Lebanon is being run by a caretaker government as political divisions have prevented the formation of a new cabinet.

Asian shares rise as markets await tech results

Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...
Economy

Company News

Latest News

Huge investments propel GCC project sector growth

The GCC project sector, one of the world's most dynamic, has recorded a significant surge in project awards, reaching $41.8...
Economy

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.
Interview

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Stocks surge on China spending plan as oil prices retreat

Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including...
  • Hong Kong was the stand-out performer Wednesday, jumping more than two percent
  • Traders were aware that the crisis in the Middle East could spiral out of control at any minute
Interview

Diversification remains crucial for oil-rich nations

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
  • Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview
  • She highlights the need for a global sustainability approach, emphasizing localized transitions, inclusivity, and the urgency of shifting to sustainable development
Economy

China announces $137 bn sovereign bond issuance

Beijing, China - China announced on Tuesday a 1 trillion yuan ($137 billion) sovereign bond issuance, state media said, in a...
  • The funds will be distributed to local governments to support national disaster prevention and recovery, state news agency Xinhua said.
  • Zhang Zhiwei of Pinpoint Asset Management said the move was "highly unusual" and "came to the market as a surprise".