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.

US Department of State issues favorable 2024 Bahrain Investment Climate Statement

The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...

Economy

UK’s Labor Party wins enough seats to form majority government

The Labor Party has officially won enough seats in the UK’s 2024 general election to have a majority in parliament,...

Economy
Business

Dubai Media Inc affiliated to Dubai Media Council

In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has...
  • Sheikh Mohammed issued a decree appointing Sheikh Hasher bin Maktoum bin Juma Al Maktoum as Chairman of DMI.
  • DMI has a strategy will leverage the expertise of a young and talented Emirati workforce to make the leap in delivering quality media content
Geostrategy

UAE Ambassador to Iran will soon resumes duties

In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, the Ministry of Foreign Affairs and...
  • The decision to appoint an envoy to Iran comes as part of a previous decision to increase diplomatic representation to the rank of ambassador
  • The ambassador would contribute to advance bilateral relations between UAE and Iran
Business

Saudi business tax payers asked to submit July declaration

The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT)...
  • The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a penalty.
  • Penalty will be charged at a minimum of 5 percent and a maximum of 25 percent of the tax value which the taxpayer had to declare.
Business

Cross-currency payments face challenges

Cross-currency payments cut the need for foreign transaction fees for customers, encourage customer loyalty and reduce cart abandonment but they...
  • Cross-border payments are not always hugely inclusive to individuals, according to ManagedLEI, a Registration Agent of Legal Entity Identifiers.
  • In countries where access to a bank account is low, for example, not everyone will be able to make cross-border transactions.
Geostrategy

UAE, Egyptian leaders review fraternal relations in Al Alamein City

President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of...
  • President Sheikh Mohamed bin Zayed Al Nahyan has arrived in Al Alamein City on a visit to the Arab Republic of Egypt.
  • President of Egypt, Abdel Fattah el-Sisi received UAE President Sheikh Mohamed at the airport where the leaders discussed cooperation between the two countries.
Economy

Dubai’s RTA reduces energy consumption by 18 percent

Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved...
  • RTA had managed to reduce the total emissions by 13 percent and energy costs by 10 percent compared with the average consumption from 2016 to 2019.
  • RTA has a roadmap that aims to achieve zero-emission from public transport in Dubai by 2050.
Economy

WGES 2022 to encourage investment in green projects

The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green...
  • In WGES 2022 several heads of states and governments, experts from government and non-government sectors would participate.
  • The summit would enable finding innovative solutions and financial tools that promote clean and renewable energy projects and sustain growth
Market Report

Saudi, Emirati stocks end the week in red

Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock...
  • The general index of the Saudi stock market "TASI" ended Thursday's trading down 0.2 percent, or 25.01 points.
  • The index was down 0.3 percent, while three sectors on the Dubai Stock Exchange were down 0.93 percent, with banks leading the decline.
Research

Saudi Arabia advances in education competitiveness index

The Kingdom of Saudi Arabia has progressed in the education, research, and innovation indicators per the World Competitiveness Yearbook 2022...
  • The Kingdom’s ranking jumped to the 24th position in the report, compared to 32 in 2021.
  • The Kingdom advanced two steps in the scientific infrastructure indicator, garnering the 30th position this year compared to 32nd position in 2021.
Geostrategy

France’s President to visit Algeria to ease tensed relations

The French presidency said that this trip will contribute to deepening the bilateral relationship, reinforce Franco-Algerian cooperation in the face...
  • French-Algerian ties hit a low late last year after Macron reportedly questioned whether Algeria had existed as nation before the French invasion
  • The North African country won its independence from France following an eight-year war, which ended with the signing in March 1962 of the Evian Accords.

US Department of State issues favorable 2024 Bahrain Investment Climate Statement

The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...
Economy

Company News

Latest News

Saudi Arabia eyes global EV role following Lucid’s plant setup

Riyadh, Saudi Arabia  -- Saudi Arabia aims to become a global player in manufacturing electric vehicles (EVs) and related products,...
Economy

China wants to be world’s strongest nation, says Blinken

WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of...
Geostrategy

UAE, Egypt central banks ink currency swap deal

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) on Thursday...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Market Report

UAE markets top Arab stock exchanges in trading, says AMF

ABU DHABI, UAE - The financial markets of the United Arab Emirates topped the Arab stock exchanges during last week's...
  • The AMF said that the UAE markets achieved monthly market gains of over US$6.2 billion.
  • The fund said the market capitalization of the Saudi Financial Market reached US$2.97 trillion.

Technical glitch stifles production at Volkswagen

According to financial daily Handelsblatt, production came to a complete standstill in Wolfsburg and at the company's plants in Emden,...
  • The disruption began at 12:30 pm (1030 GMT) and had still not been resolved by the evening, Volkswagen said
  • The cause of the technical problems was not known but "an external attack is unlikely to be the cause", German automaker said
Economy

Saudi Arabia raises the bar, says 100m tourist goal inadequate

Riyadh, Saudi Arabia - Saudi Arabia has announced its intention to revise its tourism goals, increasing the target number of...
  • The previous target of 100 million visits is no longer sufficient, said Saudi minister Mahmoud Abdulhadi
  • In the first quarter of 2023, Saudi Arabia attracted 7.8 million tourists, the highest quarterly performance in the country's history