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.

Bitcoin crashes, Ether has worst drop since 2021 as crypto market melts

Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more...

Economy

Asian markets battle to recover from tech rout after reassuring US data

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured...

Economy
Business

DMCC welcomes 15 companies for training program

Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies...
  • The program will support the growth of impact-driven businesses that align with the United Nations Sustainable Development Goals.
  • The program is a part of the DMCC’s wider Environmental Social Governance strategy
Infographics

UAE offers low-risk business climate

Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.
  • Country risk assessment is the process of determining a nation's ability to transfer payments.
  • It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk. 
Geostrategy

What can Europe do to fight soaring power bills?

European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...
  • Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.
  • In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant
Business

DEWA ranks as 3rd most valuable utility brand in Middle East

Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...
  • Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE
  • The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand
Business

India’s Adani becomes world’s third-richest person

The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...
  • Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.
  • Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.
Economy

China state support for economy this year exceeds 2020, premier says

Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment,...
  • China's economy has also been battered by the two-month lockdown of Shanghai, a nationwide mortgage boycott, and a severe drought and heatwave
  • The grim economic outlook underscores the difficulty of balancing economic growth with the country's strict zero-Covid policy
Economy

UAE operates air bridge to provide relief to flood victims in Pakistan

The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
  • The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
  • The move follows the order of the UAE president Sheikh Mohamed bin Zayed Al Nahyan to provide all forms of support to Pakistan
Economy

‘Third’ of Pakistan under water as flood aid efforts gather pace

The rains that began in June have unleashed the worst flooding in more than a decade, washing away swathes of...
  • In the south and west, dry land is limited, with displaced people crammed onto elevated highways and railroad tracks to escape the flooded plains
  • Pakistani officials have blamed climate change, which is increasing the frequency and intensity of extreme weather around the world
Business

Saudi-Thai Business Council set up to enhance trade

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
  • The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
  • Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts
Business

UAE launches net-zero drive for firms

The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...
  • The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive
  • The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.

Bitcoin crashes, Ether has worst drop since 2021 as crypto market melts

Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more...
Economy

Company News

Latest News

Saudi Arabia’s consumer spending up 8% to reach $30bn in Aug

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from...
Business

ROSHN group opens sale for SEDRA phase 3 units in Riyadh

RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...
Business

Threats and violence as Turks feud over soaring rents

The government has capped property rent increases at 25 percent for households, and aligned them with the official inflation rate...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Old Doha Port signs many agreements during Monaco Yacht Show

Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...
  • The executive director of the Old Doha Port said the objective of the participation in the show was to put the port on the global map
  • The port officials showcased a model to streamline visiting yachts through a mechanism of entry and exit from Qatar
Economy

Aerial taxis to help Dubai fly high in air mobility

"The challenges in air mobility are posed by weather conditions. Leveraging data and insights from past experiences, strategies have been...
  • Air mobility relies on advanced technologies, grounded in systematic plans that have undergone extensive scientific testing, says Duncan Walker, CEO of Skyports
  • A notable project on the horizon is the Aerial Taxi, slated to begin operations in 2026. This innovative venture will cover a maximum distance of 241 km, he adds
Economy

Saudi Arabia projects 2024 budget deficit at 1.9% of GDP

The kingdom's finance ministry estimated expenditures for 2024 to be at US$333.5 billion. According to the ministry, the projection is...
  • The kingdom's finance minister said that the government will continue implementing fiscal and economic structural reforms
  • The minister also noted the important role of the PIF and development funds that enhance the growth of non-oil GDP