INSEAD Day 4 - 728x90

Economy

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

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

How Pakistan is becoming a top tech hub in the GCC

Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent,...

Economy

US Fed chair expected to signal support for rate cuts

The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial...

Economy
Economy

Jordan approves 33 articles of new investment law so far

The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi.
  • The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi
  • The drafty law has 52 articles, as referred to by the House Economy and Investment Committee
Geostrategy

Israeli spy chief to meet US officials on Iran deal

Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister...
  • Israel says a deal would facilitate the funding of Iran-supported militants, while not preventing Tehran from developing a nuclear weapon
  • In 2018, then-US president Donald Trump unilaterally withdrew from the agreement designed to prevent Iran from developing a nuclear weapon
Geostrategy

Tokyo to push for African seat on UN Security Council, says Japan PM

Japan will use its place on the United Nations Security Council to push for an African seat on the top...
  • Japan was among five countries elected in June to hold a non-permanent seat on the UN Security Council for 2023 and 2024
  • Japanese PM also promised aid to train police officers and support "fair and transparent" elections across the continent
Economy

Obstacles hit Germany’s efforts to restart coal plants

A year after the last wisps of smoke disappeared into the skies from the imposing chimneys of the Moorburg coal...
  • Russia's curtailing of gas exports to Germany in the wake of the Ukraine war has forced Berlin to make the radical decision to restart coal power stations, at least temporarily.
  • Germany began winding down its coal-fired power plants in the last few years, in view of meeting a target to end usage of the fossil fuel by 2030.
Economy

Egypt curtails domestic use of energy to boost forex

An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to...
  • Egypt, the world's biggest wheat importer, relied on the ex-Soviet states for over 80 percent of its grain.
  • Inflation hit a three-year high of 14.6 percent in July after Egypt devalued the pound
Geostrategy

Macron winds up Algeria visit with ‘irreversible dynamic’ of progress

French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their...
  • The three-day visit comes less than two months after Algeria marked six decades of independence following 132 years of French rule
  • It comes as European powers scramble to replace Russian energy imports - including with supplies from Algeria, Africa's top gas exporter
Geostrategy

Putin allows Ukrainians to live, work in Russia ‘indefinitely’

The new measure allow Ukrainian citizens and people from Ukraine's separatist eastern regions that Russia recognizes as independent to work...
  • Up until now, Ukrainians could only stay in Russia for a maximum of 90 days within a 180-day period
  • 3.6 million Ukrainians, including 587,000 children, had entered Russia since the start of the offensive.
Geostrategy

Japan vows billions at Africa investment conference

Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a...
  • Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis.
  • Host country Tunisia is among the countries bearing the brunt of global supply chain disruptions and price spikes since it is heavily import dependent.
Business

Saudi Arabia, Malaysia discuss food security

Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment...
  • Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli represented Saudi in meeting
  • Al-Fadhli met with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee in Riyadh to discuss cooperation
Geostrategy

Tunisia recalls Morocco envoy in W. Sahara row

Tunisia said Saturday it would recall its ambassador from Morocco for consultations, a day after the kingdom did the same...
  • Tunisian President Kais Saied had on Friday hosted Polisario chief Brahim Ghali who arrived to attend the Japanese-African investment conference TICAD.
  • In response to what it called a hostile and "unnecessarily provocative" act, Morocco withdrew its Tunis ambassador for consultations and cancelled its own participation.

How Pakistan is becoming a top tech hub in the GCC

Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent,...
Economy

Company News

Latest News

SVC inks pact with IMPACT46

SVC is a government investment firm established in 2018.
Business

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...
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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Oil-reliant Saudi revises budget, projects deficit

The Gulf kingdom, the world's biggest crude exporter, had planned for a surplus of 16 billion Saudi riyals ($4.27 billion)...
  • Oil revenue this year has fallen by 17 percent as prices have dipped and Riyadh has cut production in a bid to boost them
  • Daily output is currently nine million barrels per day, down two million barrels from this time last year
Economy

‘Cooperation key in establishing global work agenda’

"The Summit acts as a nexus, uniting government officials, international organizations, business magnates, community institutions, scholars, and innovators. This collective...
  • The World Governments Summit Organization emphasizes global dialogue and partnerships
  • The Summit acts as a nexus for government officials, scholars, and innovators, says a UAE official
Business

Libya and Italy sign MoU to boost cooperation in civil aviation

Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...
  • In September, a Rome-bound aircraft departed from Tripoli restarting flights to Italy after a nearly decade-long suspension due to an EU ban
  • The agreement looks to boost cooperation between air transport companies to operate charter and regular flights between the two countries