INSEAD Day 4 - 728x90

Economy

Sanad posts record revenue

Growth driven by global demand for services.

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.

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

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....

Economy
Economy

Eurozone inflation jumps to record 10% on back of rising energy prices

Stoked by a staggering 40.8 percent rise in energy prices, the yearly inflation rate in the 19-country single currency area...
  • The ECB is desperate to prevent inflation from taking root in the economy and is taking measures that will reduce demand and could therefore slow growth.
  • To tame prices, European Union energy ministers agreed on Friday to peak-hour power consumption and to impose windfall levies on energy companies.
Economy

IsDB, Jordan sign two pacts to support food security, tourism sector

Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the...
  • Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector
  • President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB's interest in continuing to support and implement development and service projects in Jordan
Economy

Saudi Arabia, China explore trade, investments opportunities

The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership.
  • The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership
  • Saudi Arabia's exports to China, in the second quarter of 2022, amounted to about $16.8 billion
Economy

UAE tops Arab countries in WIPO’s Global Innovation Index 2022

The UAE also ranked 18th globally on the GII's Innovation Input Sub-Index, five ranks higher than 2021.
  • The country also ranked 18th globally on the GII's Innovation Input Sub-Index, five ranks higher than 2021
  • It ranked 6th globally in the Institutions indicator, as compared to 24th last year, 7th in the Infrastructure indicator, as compared to 14th in 2021
Geostrategy

‘Agri-tech, innovation key in improving farmers’ livelihoods’

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...
  • Innovation and agri-tech has helped UAE to support smallholder farmers and enhance their contribution to food security.
  • innovative agricultural methods are the building blocks of sustainable food systems, says UAE minister.
Geostrategy

UAE, Tanzania sign pact to avoid double taxation

UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.
  • The pact was signed as part of the UAE's endeavors to strengthen cooperation frameworks in tax matters.
  • The agreement is in line with both countries’ efforts to boost cooperation in tax fields, increase investment opportunities, encourage trade exchange.
Geostrategy

Dubai fifth globally in UN digital city governance survey 2022

Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...
  • The latest Local Online Service Index assessed digital governments in major cities across 193 countries.
  • Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.
Economy

UAE to develop international maritime network

The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".
  • The initiative supports the Ministry of Energy and Infrastructure efforts to enhance the position of the UAE’s maritime sector globally.
  • The maritime network will be a knowledge hub for global stakeholders on investment opportunities in the UAE’s maritime industry.
Economy

Fourth leak detected at Nord Stream pipelines in Baltic Sea

A Swedish Coast Guard official said that there are two leaks on the Swedish side and two leaks on the...
  • Media reported that the latest leak was detected at the Nord Stream 2 pipeline, but the coast guard did not confirm this
  • The vast leaks cause significant bubbling at the surface of the sea several hundred meters wide, making it impossible to immediately inspect the structures
Geostrategy

EU proposes new Russia sanctions including oil price cap

European Union also plans to expand its travel blacklist and asset freezes to include high-ranking Russian defense officials and organizers...
  • The EU will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU that could help Russia's war machine
  • The push for an oil price cap is aimed at limiting how much third countries, such as China and India, pay for Russian crude

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

Company News

Latest News

Smart and Autonomous Vehicles Industries cluster launches at Masdar City

Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It...
Business

Iran says US ‘can not renege’ on deal to transfer $6bn via Qatar

Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through...

Saudi business sector’s operating revenues at US$1.36trn in 2022, says GASTAT

RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Disasters cause crop losses worth $3.8trn over 30 years, says FAO

PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's...
  • Floods, droughts, insect infestations, storms, disease and war caused about $123 billion per year in lost food production between 1991 and 2021.
  • This loss is the equivalent of five percent of total production or enough to feed up to half a billion people per year, the FAO said in a report.
Economy

Non-cash transactions in Egypt set to reach $16.34 billion in 2023

Cairo, Egypt -  The Egyptian market is projected to reach an impressive $16.34 billion in non-cash transactions in 2023, while...
  • The report suggests that the global growth will continue to accelerate, potentially reaching 2.3 trillion transactions by 2027, with an annual growth rate of 15%
  • In Egypt, digital payments are also on the rise, with a predicted annual growth rate of 14.03% from 2023 to 2027
Economy

Need to end charging infrastructure bias as EVs rise

"Convenient and affordable charging primarily benefits private homeowners who can easily install EV charging equipment on their property and use...
  • In the U.S., predominantly white neighborhoods are 1.4 times more likely than majority non-white neighborhoods to have a public charger
  • The challenge ahead is clear: more chargers are needed, and they must be accessible to all, writes Tiya Gordon, Co-Founder & CEO of ItsElectric