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.

Saudi Arabia reforms investment law, simplifies process and investor protection to achieve $100 bn FDI target

The law will ensure equal treatment between domestic and foreign investors, protecting intellectual property and promoting fair competition in line...

Economy

Fed Chair Powell confirms September rate cut signal

The Federal Reserve kept its key interest rate at 5.25% to 5.5%, citing “some further progress” toward its 2% inflation...

Economy
Economy

UNESCO recognizes Yanbu Industrial City as International Learning City

According to the Ministry of Education, the learning cities project is implemented in partnership between its Continuous Education Department and...
  • According to the Ministry of Education, the learning cities project is implemented in partnership between its Continuous Education Department and Yanbu Royal Commission
  • The project, the Ministry of Education, said, aims to enhance inclusive longlife learning culture in the society
Analysis

Recent floodings in UAE call for sustainable infra

It is a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick...
  • It's a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick steps aren't taken to deal with heavy rainfalls, Dake Rechsand CEO tells TRENDS
  • 'The existing greenscape and bluescape infrastructure are less suitable for handling excessive rain. Therefore, we are witnessing floods,' Chandra Dake adds
Business

Saudi’s investment funds’ assets fall by 11 percent in Q2

Investment funds hold both local and foreign assets.
  • The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.
  • Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).
Economy

UAE approves code for education professionals

The UAE Ministry of Education has approved the Code of Conduct for professionals in the sector to set up clear,...
  • The code of conduct will enhance an educator’s professional responsibilities
  • The code is a framework of the basic values and ethics that an educator must commit to.
Geostrategy

Russia sanctions not working, says Italy far-right leader

The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West...
  • Skyrocketing energy prices since the start of the war in Ukraine have wreaked economic pain on countries.
  • Someone in Europe has made a bad calculation. It is essential to rethink the strategy to save jobs and businesses, said Matteo Salvini, a far right leader in Italy.
Business

Pure Health to invest US$500m

It will buy stake in a US healthcare firm Ardent.
  • Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.
  • Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.
Economy

Saudi banks’ assets surpass UAE peers first time since 2007

Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those...
  • The Saudi banks’ assets broke the SAR 3 trillion-mark for the first time at the end of Feb 2021, the SAR 2 trillion-mark in Mar 2014 and the SAR 1 trillion-mark in Oct 2007.
  • Saudi banks’ assets in June made up almost 135 of real gross domestic product (GDP) of SAR 2.614.7 trillion – their highest level ever.
Economy

Qatar Central Bank issues treasury bills valued $164m for Sept

Doha--Qatar Central Bank (QCB) has issued treasury bills for September 2022 for three, six and nine months, with a value...
  • The duration of the bills is three, six and nine months with interest rates ranging between 1.09 percent and 2.22 percent.
  • This issuance came as part of the Qatar Central Bank's monetary policy initiatives and its efforts to strengthen the financial system.
Economy

Bahrain launches multi-entry e-visa for training purposes

Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.
  • The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan
  • The visa could be applied for on www.evisa.gov.bh for a fee of BD60
Economy

Lebanese turn to money transfer firms as trust ebbs in banks

Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from...
  • Lebanon has been battered by its worst-ever economic crisis since the financial sector went into meltdown in 2019
  • Some companies are now even paying salaries through money transfer companies instead of banks

Saudi Arabia reforms investment law, simplifies process and investor protection to achieve $100 bn FDI target

The law will ensure equal treatment between domestic and foreign investors, protecting intellectual property and promoting fair competition in line...
Economy

Company News

Latest News

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...
Economy

Knowledge, innovation drive UAE’s economic strategy

"Today, the UAE is recognized as a leader in new economy sectors, including renewable energy, fintech, artificial intelligence, the fourth...
Economy

Oil industry is an integral part of climate solutions, says COP28 head

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Bahrain’s Treasury Bills oversubscribed by 270 percent

MANAMA, BAHRAIN – This week’s US$186 million (BD 70 million) issue of Government Treasury Bills has been oversubscribed by 270...
  • The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of Bahrain.
  • The issue date of the Treasury Bills is October 4, 2023 and the maturity date is January 3, 2024.
Economy

Abu Dhabi’s non-oil economy up by 12.3 percent in second quarter

Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second...
  • The manufacturing activity grew by 7 percent compared to the same period last year, with the sector recording its highest quarterly value-added since 2014.
  • Abu Dhabi's financial sector recorded a robust growth of nearly 30 percent, also its highest growth rate since 2014.
Business

Saudi Arabia issues 162 licenses to companies relocating hqrs to the Kingdom

Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters...
  • The headquarters will operate in strict accordance with Saudi laws, providing crucial support, management, and strategic direction to their branches
  • The Ministry of Investment has enacted a mechanism to offer premium residency status to executives working within these regional headquarters