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.

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

Asia-Pacific markets gain ahead of US inflation data

Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...

Economy
Economy

IMF to provide Ukraine with $1.3 billion emergency aid

The package will help meet Ukraine's "urgent balance of payment needs... while playing a catalytic role for future financial support...
  • The IMF also said Ukrainian authorities deserve considerable credit for having maintained an important degree of macro-financial stability
  • IMF Managing Director Kristalina Georgieva said that key policies have been geared toward safeguarding priority expenditures and preserving financial stability
Business

OPEC+ output cut ‘a snub’ to Biden and United States

While Saudi Arabia has said it does not use oil as a political tool, US experts see this as a...
  • The move may have ‘serious consequences’ for Saudi Arabia and irreparable damage to its relationship with the Biden administration, warn analysts
  • Economists in Europe, meanwhile, worry that the OPEC+ decision to cut oil production will deepen the continent’s economic and energy woes
Business

Delegations from France, Italy visit Expo Center Sharjah

Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...
  • The meetings were held on the sidelines of the 50th edition of the Watch & Jewelry Middle East Show.
  • The delegations toured the exhibition and looked into ways to work with the center.
Market Report

Stocks fall, dollar boosted by US jobs data

Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market,...
  • There was a brief rebound at the start of the week as investors hoped data pointing to economic slowdown would allow the Fed to slow down rate hikes.
  • Rising interest rates boost the dollar as foreign investors seek to buy dollar-denominated debt.
Geostrategy

UAE, Egypt discuss cooperation in defense industries

A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.
  • The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
  • They discussed promoting partnerships between the defense industry of the two countries.
Economy

Global food prices fall for sixth month in a row, says UN

World food prices have fallen for a sixth month in a row in September, UN data showed as they continued...
  • The UN agency FAO said its price index averaged 136.3 points in September, a 1.1 percent drop from August.
  • The monthly decline was driven by a "sharp fall" in the prices of vegetable oils, the United Nations agency said.
Geostrategy

EU leaders try for common response to energy crisis

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with...
  • EU leaders were discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines.
  • Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices.
Business

TSMC Q3 revenue at US$19.4bn

The firm operates the world's largest silicon wafer factories.
  • The Taiwanese firm controls more than half of global foundry output, with clients including Apple and Qualcomm.
  • TSMC produces some of the most advanced and smallest chips which are still highly sought after and in short supply.
Business

Samsung expects 31.7 percent decline in Q3 profit

The South Korean tech giant, Samsung Electronic, has said that it expects operating profits in the third quarter to fall...
  • Operating profit for July to September was predicted to reach 10.8 trillion won ($7.7 billion), down 31.7 percent
  • The global economy is now facing multiple challenges, including soaring inflation, rising interest rates, and a growing threat of a broad debt crisis
Economy

Jordan and Iraq set up electrical project on the border

The two prime ministers affirmed that Jordan and Iraq maintain historical and strategic ties and are committed to expanding bilateral...
  • Prime Minister of Jordan Bisher Khasawneh and his Iraqi counterpart, Mustafa Kazemi laid  the cornerstone for the electrical interconnection project
  • Khasawneh stressed that Jordan's leadership, government, and people are committed to supporting the security of Iraq and improving the country's stability, prosperity, and progress

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

Company News

Latest News

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...
Business

Global CEOs rank political uncertainty as biggest risk to business

Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of...
Economy

Israel-Gaza conflict creates global economic ripples

As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...
Analysis
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai becomes haven for firms of all sizes

Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector...
  • Strategic location, innovative free zones, and business-friendly policies help Dubai beckon global entrepreneurs, startups, and financial giants to be part of its journey
  • Fintech growth, the Golden Visa program, competitive tax rates, a skilled workforce, and a thriving real estate market increase the emirate's global appeal
Analysis

Israel-Gaza conflict creates global economic ripples

As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...
  • As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with its neighbors hangs in the balance
  • World Bank emphasizes the economic repercussions of the conflict, while the OECD projects Israel's 2024 GDP growth at 3.3%; Lebanon's crisis may worsen with Hizbollah's role
Economy

Solana Foundation joins DMCC Crypto Center as ecosystem partner

DUBAI, UAE: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has...
  • The partnership compliments DMCC’s existing offerings and collaborations by increasing its members’ ability to develop their concepts using Solana.
  • Through this collaboration, Solana will offer technical and business development support to DMCC Crypto Centre members.