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.

China’s central bank cuts two key rates to boost economy

Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...

Economy

Asian markets track Wall Street losses on worries over tech rally

Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...

Economy
Economy

Markets sink as US jobs data fan rate hike bets

A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank...
  • All three main indexes tumbled Friday following news that a net 263,000 US jobs were created in September
  • With the spotlight on a consumer price index reading later in the week, policymakers continue to take a hawkish tone
Economy

BoE launches “temporary facility” to ease liquidity pressures

The BoE "announces additional measures to support market functioning", said a statement, adding that the central bank was ready to...
  • The BoE said it is launching a Temporary Expanded Collateral Repo Facility, enabling "banks to help to ease liquidity pressures facing" client funds beyond the end of this week
  • The central bank has so far made purchases of so-called gilts totalling around £5 billion ($5.5 billion), far less than its £65-billion limit
Economy

Jordan fixes bread prices until 2023 amid global grain price hike

According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...
  • According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils
  • The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily
Economy

Greece and Egypt call Turkish-Libyan gas deal ‘illegal’

On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya's seas with the...
  • Greece, Egypt and Cyprus believe the 2019 agreement violates their economic rights in an area suspected to contain vast natural gas reserves
  • The deal follows an agreement Turkey signed three years ago with Tripoli that demarcated the countries' shared maritime borders
Economy

Gulf citizens wealthier as oil boom raises revenue

Qatar ranks first in the Arab world and the Gulf region with an annual per capita share of around $183,000,...
  • Bahrain ranked fourth in the Gulf and the Arab world, with an average per capita wealth of $98,000.
  • Oman was ranked sixth in the Arab world and the Gulf, with an annual GDP per capita of about $39,433.
Economy

Remittances from expatriates in Saudi fell 13 percent in Aug

Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92...
  • On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent, or SAR 323 million ($85.47m).
  • Remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.
Geostrategy

Qatar to hike Jordanian food imports during World Cup

Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...
  • Qatar relies heavily on Jordanian market for vegetables and fruits.
  • Volume of Jordan-Qatar trade during the past 10 years amounted to over US$3.17 billion.
Geostrategy

French PM leads delegation to Algeria as ties improve

French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...
  • Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
  • The French PM is expected to sign deals on economic cooperation, including energy.
Business

Qatar lures the rich with luxury World Cup

Those with bottomless budgets in the resource-rich region have attractive accommodation options too, with one third-party site offering $4,000-a-night hotel rooms...
  • Stadium crowds will include Qatar's migrant laborers, who were offered some tickets at $11 to watch a sport whose players and core supporters are traditionally blue-collar
  • United States, Britain, France, Mexico, China and India were among the countries where fans were showing most interest in packages for the UAE
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

China’s central bank cuts two key rates to boost economy

Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...
Economy

Company News

Latest News

MENA banking sector records 30% surge in net profits in H1 2023

Dubai, UAE - The Middle East and North Africa (MENA) banking sector has witnessed a remarkable 30% year-on-year increase in...
Business

‘Qatar prioritizes fiscal control to sustain growth’

"Factors such as robust fiscal discipline supported by strong oil prices, debt reduction efforts by the Ministry of Finance, and...
Economy

UAE Minister Al Gergawi backs ‘curiosity’ and ‘equity’ at World Economic Forum

Dubai, United Arab Emirates – Considering opposing views, exchanging ideas and developing pathways for collaboration are essential to improving lives...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Red Sea Global builds largest off-grid EV charging network in Saudi Arabia

RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
  • The network includes more than 150 charging stations spread across phase one of The Red Sea destination area.
  • The stations are placed to keep RSG’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road.
Economy

UAE invests $36bn in renewable energy projects in 2022, says ADDED  chairman

ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
  • The UAE has successfully enticed a staggering US$23 billion in 2022, up 10 percent from 2021, to be ranked 16th globally in FDI attraction.
  • UAE is now the world's fourth-largest recipient of greenfield projects, with nearly a thousand ambitious ventures announced last year.
Business

Tokyo shares tumble on concern war in Palestine may escalate

Chip-testing equipment maker Advantest sank 4.79 percent to 4,351 yen and chip-making equipment manufacturer Tokyo Electron gave up 3.84 percent...
  • The benchmark Nikkei 225 index dropped 2.03 percent, or 656.96 points, to 31,659.03, while the broader Topix index slipped 1.53 percent, or 35.21 points, to 2,273.54
  • Traders sold shares across the board, as Israel moved toward launching ground offensive in Hamas-controlled Gaza, which is already facing a deep humanitarian crisis