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.

G20 leaders to grapple with climate, taxes, Trump comeback

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...

World leaders meet for climate talks, but big names missing

Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...

Economy
Business

TotalEnergies posts Q3 net profit of US$6.6bn

Firm said surging oil, gas prices helped it post massive profits.
  • Net profits at TotalEnergies soared 43 percent from the same period last year with record performances for its natural gas and liquefied natural gas activities.
  • The firm has now earned $17.3 billion over the first nine months of the year, more than the $16 billion in profits it posted last year.
Business

Credit Suisse launches radical overhaul to stabilize bank

Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken...
  • Credit Suisse also said expects to run the bank with approximately 43,000 staff by the end of 2025 compared to 52,000 at the end of September
  • Its investment bank suffered a loss of 3.7 billion Swiss francs in 2021 and backed that up with a 992 million Swiss franc loss in the first half of 2022
Business

Samsung posts 31% decline in Q3 operating profit

It, however, reported a 3.79% increase in sales.
  • The third-quarter results are the first year-on-year decline in profit in nearly three years for Samsung Electronics, the world's biggest smartphone maker
  • Operating profit for July to September 2022 fell to 10 trillion won ($7 billion), down from 15.8 trillion won for the same period last year, the company said
Economy

UAE tops list of foreign direct investors in Egypt: Egyptian PM

The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently...
  • The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions
  • Egypt eyes the effective participation of UAE investors under the umbrella of the State Ownership Policy Document, Egyptian PM Madbouly said
Business

UAE-Kazakhstan trade reached $907 million in 2021: Ambassador Menelikov

The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st...
  • Emirati investments in Kazakhstan amounted to about $2.7 billion since the establishment of diplomatic relations.
  • Value of Kazakh investments was more than $1 billion, and total direct investment flows from the UAE increased 43 percent.
Economy

Saudi PIF to establish five companies for investments in five Arab countries

The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...
  • The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.
  • The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.
Geostrategy

Aramco chief at FII6: World needs realistic, optimal energy transition plan

"The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...
  • Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.
  • Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.
Economy

Early preparations put GCC in better place to face tough economic conditions: Saudi finance minister

Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in...
  • Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in a better status than many other countries, says Al-Jadaan in Riyadh
  • Saudi Arabia is mobilizing the capabilities of multilateral development institutions to ensure support for regional countries, the Kingdom's Finance Minister added.
Economy

China fiscal deficit balloons to nearly $1trn as economy cools

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all...
  • China is also battling an unprecedented crisis in its real estate sector, which makes up more than a quarter of the country's GDP when combined with construction
  • Consumer demand has also been dampened by sudden lockdowns and strict travel restrictions under Beijing's strict zero-Covid policy
Economy

Israel’s cost of living crisis becomes election issue

Israel, with its turbulent politics, heads back to the polls next Tuesday, for the fifth general election in less than...
  • Much of the world has endured rapid inflation since Russia's war in Ukraine started early this year, driving up energy and food prices everywhere
  • But in Israel the problem has been acute for years, blamed in part on the strong shekel which makes imports more expensive

G20 leaders to grapple with climate, taxes, Trump comeback

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...

Company News

Latest News

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

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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
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