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.

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
Geostrategy

Iraq investigates $2.5 billion ‘theft’ from tax agency

The anti-corruption commission announced Sunday it has launched an investigation and said in a statement that it will provide the...
  • The finance ministry's probe uncovered a theft of 3.7 trillion Iraqi dinars (about $2.5 billion) from the account of general commission for taxes at Rafidain Bank
  • Iraq ranks 157 out of 180 countries in Transparency International's corruption perceptions index and criminal charges are rare in the country
Economy

IMF and Tunisia reach agreement on $1.9 billion loan

The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval...
  • Under a four-year accord, Tunisia has committed to undertake a "comprehensive economic reform program" as the country gets access to the money.
  • On Saturday, thousands of people took to the streets of Tunis and protested against the policies of President Kais Saied who seized power last year.
Geostrategy

Finance Ministers of UAE, India discuss trade, economic ties

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...
  • The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.
  • The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.
Geostrategy

Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...
  • The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.
  • The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.
Economy

Dubai Customs issues authorization certificates to free zone companies

Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments...
  • Dubai Customs facilitates procedures to determine the value of the goods imported by the free zone companies.
  • It provides services and facilities to licensed companies in free zones to boost investments and attract more investors.
Economy

Abu Dhabi Foreign Experts Court examines 200 cases

The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the...
  • The Foreign Experts Court has achieved a 90 percent disposition rate out of a total number of about 200 commercial cases.
  • The panel of the Foreign Experts Court consists of a single judge and two foreign experts.
Business

Saudi to build world-class mining business in cooperation with South Africa

Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said...
  • Saudi Arabia expects its mineral wealth to exceed $1.3 trillion as it plans to triple spending on exploration of metals over the next three years.
  • Saudi deputy minister Khalid bin Saleh says the two countries will focus on quality of the projects.
Economy

UAE’s minister is new Chairman of WBG-IMF committee

During his two-year tenure, the minister will work with the committee that include ministers, and the Board of Governors of...
  • The committee aims to achieve international cooperation and consensus on issues related to development
  • Development Committee is a ministerial-level forum that represents the member countries of the WB and IMF
Economy

IMF, Egypt finalize work to reach staff-level agreement soon

Washington, US-- International Monetary Fund and Egyptian authorities have agreed to finalize their work to reach a Staff-Level Agreement very...
  • IMF has said the implementation of Egypt's comprehensive structural reform agenda would gradually enhance the competitiveness of the economy.
  • The two sides are still in the process of determining the Egyptian exchange rate policies.
Economy

Bahrain calls for adoption of new solutions to spur growth

Washington, US—Bahrain has called for adoption of innovative solutions to encourage economic growth and sustainable development goals for all countries....
  • The country's Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, has stressed the importance of strengthening international cooperation
  • The minister took part in the meeting of the World Bank Development Committee, within the annual meetings of the Board of Governors of the World Bank and the IMF in Washington

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

Egypt ‘clearing path for Gaza aid’: security source, witnesses

The UN has described the situation inside Gaza as "beyond catastrophic" as Israel pounds the enclave from the air in...

Moody’s puts Israel’s credit ratings on review for downgrade

Moody's announced that it was putting a number of the Israeli government's credit ratings on review for a downgrade, including...

Tourism prowess makes Riyadh top World Expo choice

As Riyadh vies to host 2030 World Expo, the city offers a perfect blend of historical charm and modernity, spotlighting...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Qatar eyes North Field to boost liquefied gas output

Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial...
  • Qatar plans a 60% boost in liquefied gas production by 2027 through North Field expansion, tapping the world's most substantial gas reservoir with 50.97trn cubic meters
  • The project will raise global LNG by 48 million tons annually, supporting a GDP per capita over $84,000 from $132bn gas exports while producing 40% of new LNG by 2029
Business

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
  • The issuance will be listed on the London Stock Exchange’s International Securities Market (ISM).
  • The sukuk issuance was more than seven times oversubscribed, with orders exceeding $25 billion,
Business

Saudi Metrology Organization, Enterprise Singapore ink MoU on standardization

RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing...
  • The pact encompasses cooperation and the exchange of best practices and experiences in metrology, calibration and safety of consumer products.
  • The MoU includes provisions for training, capacity building and collaboration in the development of infrastructure for standards and quality.