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.

Dubai real estate sales hit record $13.6bn in July, growth eases

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of...

Business

Saudis reform Investment Law in bid to attract foreigners

Saudi Arabia announced new business regulations aimed at boosting transparency and easing the process of investing in the kingdom as...

Geostrategy

Saudi delegation visits Jordan’s Petra to enhance cooperation

A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...
  • PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.
  • The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.
Economy

Oman issues Treasury Bills worth $103 million for 91 days

Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91...
  • The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100.
  • Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance.
Market Report

Stocks push higher, but yen and euro under pressure

European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain...
  • European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation.
  • Frankfurt rebounded somewhat despite news that Germany's industrial orders slumped for the sixth consecutive month in July.
Economy

ADJD notarization, authentication transactions jump in August

The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in...
  • There were 13,000 notarization and authentication transactions operations in August.
  • The availability of multiple electronic options for submitting and completing transactions remotely helped in the increase.
Geostrategy

UAE takes part in G20 Health Working Group in Indonesia

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia...
  • The UAE ministry's delegation highlighted the importance of promoting solidarity among member states to better meet essential health needs.
  • The delegation said UAE is ready to cooperate with Indonesian officials to expand vaccine manufacturing and research hubs for pandemic prevention.
Economy

Qatar grows its suite of world-class hotels with new openings this month

The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil...
  • The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil an exciting range of culinary concepts
  • Being the host nation of the first-ever FIFA World Cup in the Gulf later this year, Qatar is using the event to fulfil its goal of attracting over 6 million visitors a year
Economy

UAE takes another step to be space technology leader

"We want to attract startups and SMEs so they can prove themselves in the space industry and boost research projects”, Abdulla...
  • The aim of the survey is to emphasize the scale of the space economy in the UAE and to measure its contribution to the country's global growth
  • It will also measure investment efforts in research and development, and the total spending on space exploration and projects
Economy

Business reforms enhance Saudi growth prospects

Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the...
  • Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert
  • As brands are looking at Saudi Arabia as their gateway in the Middle East, there is an expected influx of huge amount businesses looking to establish a commercial set up in Kingdom
Business

Saudi Arabia appoints new crypto chief to further its digital program

The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in...
  • Until now, Saudi had shown a circumspect approach on virtual assets, as officials questioned the speculative nature of them.
  • With the emergence of UAE as a global crypto hub, Saudi displayed urgency to draft formal rules pertaining to the asset class.
Economy

OPEC+ to cut oil production to prop up prices hit by recession fears

The move could irk the United States as it has pressed the group to increase output in order to bring...
  • The group left the door open to holding talks prior to its next scheduled meeting on October 5 "to address market developments, if necessary".
  • Saudi Energy Minister Prince Abdulaziz bin Salman says the decision demonstrated OPEC+ was ready to adjust production in both directions to achieve objectives.

Dubai real estate sales hit record $13.6bn in July, growth eases

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of...
Business

Company News

Latest News

Jazan City for Primary and Downstream Industries exports first shipment to US

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure...
Geostrategy

Yemen economy tanks as peace talks make no headway, say NGOs

"While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable,"...
Economy

Qatar begins construction on North Field gas expansion

RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Global energy demand to rise 25% by 2045: OPEC chief

Abu Dhabi, UAE - Global demand for all forms of energy is forecast to rise by 25% through 2045, according...
  • No single energy source can meet the world's growing needs as the economy expands and the population increases, Al Ghais said
  • He added that despite some setbacks, global growth continues, and he was optimistic about future oil demand

Turkey’s inflation hovers near 60% after policy U-turn

The data suggest that Turkey's inflation rate is starting to peak after Erdogan signed off on a series of sharp...
  • The TUIK state statistics agency said consumer prices rose by 61.5 percent over a 12-month period ending in September
  • The month-on-month increase in prices also slowed to 4.8 percent from 9.1 percent in August and 9.5 percent in July
Economy

UAE to generate 19.8 gigawatts of clean energy by 2030: Al Mazrouei

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister...
  • The minister informed the audience at ADIPEC 2023 that the UAE intends to work towards producing 1.4 million metric tonnes of low-carbon hydrogen per annum by 2031
  • He told a global audience of energy leaders at the opening of the event in Abu Dhabi that an International collaboration is crucial to addressing energy challenges