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.

Middle East & North Africa: Regulatory momentum and DeFi fuel crypto adoption

The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated...

Economy

What are the needs and challenges of an ageing workforce?

Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...

Economy

War and energy crisis push US LNG industry to expand

US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022,...
  • US has become the world's largest exporter of LNG, an industry centered around the energy-rich Gulf of Mexico, with its infrastructure and strategic location
  • In June, an explosion caused the temporary closure of the Freeport LNG terminal further south, reminding residents of the immediate risks posed by the plants
Economy

German coastal state goes to polls amid acute energy crisis

Frankfurt, Germany— Germans in the coastal state of Lower Saxony vote in a closely-watched regional election Sunday, seen as a key...
  • Anxiety about soaring energy bills has dominated the race in the northwestern region on the North Sea, providing a snapshot of the national mood
  • One major bone of contention between the leading candidates has been the fate of Lower Saxony's Emsland nuclear power plant, one of only three still operational in Germany
Economy

Sharjah tourism body to highlight AI, technology in tourism

Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
  • The authority will showcase new projects and emerging prospects in Artificial Intelligence and Metaverse.
  • SCDTA will highlight the innovative use of technologies and their impact on hospitality, tourism and commerce.
Science

DEWA invites proposals for work on sixth phase of solar park

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
  • The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
  • The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
Economy

‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
  • Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
  • The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Economy

Iraq economic growth hampered in absence of government, budget

It remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the...
  • The government can't invest that money without an annual state budget, which Mustafa al-Kadhemi is not authorised to submit to parliament in his capacity as caretaker PM.
  • Former finance minister Ali Allawi, who had prepared a reform plan that never materialised, blamed the "political framework" for obstructing progress.
Economy

US job gains slow, but not enough to ease inflation worries

President Joe Biden, who has seen his approval erode in the face of surging prices, cheered the data as a...
  • The economy added 263,000 jobs last month, showing a steady slowdown from the blistering pace in 2020 and 2021
  • Over the past 12 months, average hourly earnings have increased by 5.0 percent, still high but a slowing from the pace seen over the past year

Islamic Development Bank raises $1.6b from Sukuk issuance

An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.
  • An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc
  • The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022
Business

Dubai records weeklong real estate transactions worth $1.92 billion

Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
  • A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
  • The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Business

Dubai to unveil METADAFZ for better metaverse experience

The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
  • The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
  • DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre

Middle East & North Africa: Regulatory momentum and DeFi fuel crypto adoption

The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated...
Economy

Company News

Latest News

Collaboration crucial for renewable energy transition

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
Economy

IMF agrees on rise in funding, extra Africa board seat

The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third...
Geostrategy

UAE, South Korea ink MoU to enhance air transport relations

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Kuwait Fund and Central American Bank sign MoU

Marrakesh, Morocco-- Kuwait Fund for Arab Economic Development (KFAED) and the Central American Bank for Economic Integration (CABEI) have signed...
  • The MoU between the two entities is designed to respond to humanitarian crises and natural disasters, and to exchange information
  • The agreement was signed by KFAED's Director-General Waleed Al-Bahar and CABEI's Executive Vice President Jaime Palacios in Marrakech
Economy

UAE economy robust, bolstered by tourism and real estate: OPEC

Vienna, Austria--The UAE’s economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate,...
  • OPEC’s Monthly Oil Market Report (MOMR) for October 2023 noted that the UAE tourism sector continued to rebound and exceeded the pre-pandemic level
  • The report added that the government launched reforms to attract further investments, such as allowing 100% foreign ownership of onshore companies
Economy

Gold prices soar over 3% amid escalating Middle East conflict

Dubai, UAE - Gold prices surged over 3% on Friday, heading for their most robust weekly performance in seven months,...
  • Investors closely monitored the intensifying conflict in the Middle East, which has been unsettling markets
  • Meanwhile, spot silver saw a 4% rise to $22.72 per ounce, marking its first weekly gain in three weeks