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

China manufacturing contracts for fourth straight month

While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly...

Economy

Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts

Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...

Economy
Economy

Japan seeks ‘sustainable world’ in Africa aid forum

The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the...
  • It is the first TICAD held every three years either in Japan or an African country since the pandemic began
  • Alongside the summit, businesspeople will attend an economic conference while various parallel events and workshops will address civil society and women's inclusion
Economy

Jordan approves Public Sector Modernization roadmap

Addressing the Cabinet session, Prime Minister Dr Khasawneh affirmed the government's commitment to achieving the desired outcomes from the modernization...
  • Addressing the Cabinet session, Prime Minister Dr Khasawneh affirmed the government's commitment to achieving the desired outcomes from the modernization roadmap
  • The PM also stressed that the roadmap is "vigorous, flexible and capable" of realizing modernization and development, and is open to any positive improvements
Geostrategy

Iran urges IAEA to end undeclared nuclear sites issue

The United States remains adamant that Tehran cooperate with the International Atomic Energy Agency to clear up suspicions about earlier...
  • Iran came back last week with a series of proposed changes, to which the United States formally responded on Wednesday, a day after Tehran accused its arch-enemy of stonewalling
  • The 2015 agreement between Iran and six world powers Britain, China, France, Germany, Russia and the United States gave the Islamic republic sanctions relief in exchange for curbs
Economy

Egypt’s GDP grows 6.6% in FY 2022: PM Madbouli

The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war.
  • The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war
  • The PM said that the unemployment rate in the country stabilised at 7.2 percent
Economy

In risky recyling venture, Gazans burn plastic for fuel

It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious...
  • Burning plastic releases dioxins, mercury and other toxic gases which pose a threat to vegetation, human and animal health
  • Since 2007, when Hamas seized control of the Gaza Strip, Israel has severely restricted the flow of people and goods in and out of the coastal enclave
Business

Maaden to supply phosphate, ammonia to four Indian firms

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and...
  • The company signed MoUs with top Indian companies, under which they will discuss ways to enhance joint cooperation in various fields of growth,
  • Ma'aden today exports about 1.7 million tons of phosphate and ammonia products to the Indian market annually.
Geostrategy

Jordan, GCC countries discuss higher education cooperation

Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at...
  • The meeting decided that the Jordanian side would draft executive programs and memoranda of understanding (MoU).
  • The programs would prioritize areas of academic, student, research collaboration and expertise exchange.
Business

Saudi to provide multiple entry visas for tourists during world cup

The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors...
  • People with a Hayya Card, reserved for ticket-holders and used to access Qatar during the tournament, will be able to apply for the electronic visas.
  • The Gulf power shares a land border with gas-rich Qatar, which is hosting the first World Cup in the Middle East and the first held in winter months.
Economy

German economy grows slightly in Q2, recession fears recede

Germany's economy grew slightly in the second quarter, an upgrade from a previous estimate of stagnation, revised official data showed...
  • Output expanded by 0.1 percent in the April to June period, as per the federal statistics agency, which had previously projected zero growth.
  • Private spending rose 0.8 percent from the previous quarter as the end of Covid-19 restrictions brought more tourism and restaurant dining.
Business

Abu Dhabi to launch blockchain, virtual assets strategy

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al...
  • The Abu Dhabi Blockchain and Virtual Assets Committee has been formed to look into various aspects of the field
  • The committee comprises representatives of major entities and stakeholders active in this field

China manufacturing contracts for fourth straight month

While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly...
Economy

Company News

Latest News

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...
Business

Saudi Arabia’s coffee production exceeds 800 tons annually

Riyadh, Saudi Arabia - Saudi Arabia is among the top 10 countries in the world in coffee consumption, leading the...
Economy

Saudi Arabia, Pakistan ink pact on digital transformation, innovation

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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...
  • SEDRA phase three will add 3,438 more houses to ROSHN’s first integrated development; 1,904 units are for sale in this initial sales tranche.
  • SEDRA 3 offers prospective residents eight options of floor plans and eleven facades, in single- or multi-family configurations,
Economy

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...
  • Rents in Turkey have soared by an average of 121 percent over the past year, according to a study published by Bahcesehir University in August
  • Inflation approached 60 percent in August, but independent t economists say consumer price increases actually reached at least 128 percent
Geostrategy

Congress passes bill, averting US government shutdown

Three hours before the deadline, the Senate voted to keep the lights on through mid-November with a resolution that had...
  • Tonight, bipartisan majorities in the House and Senate voted to keep the government open, US President Joe Biden said
  • Biden berated McCarthy and the House Republicans for reneging on spending levels agreed with the White House months ago