INSEAD Day 4 - 728x90

Economy

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

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.

World’s largest SWF posts $138 billion in H1 profit as AI demand boosts tech

Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust...

Economy

West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’

With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...

Business

Number of UAE-based private sector employees grows by 9% in Q2

The Ministry of Human Resources and Emiratisation said in its private sector workforce report that the construction sector accounted for...
  • Twenty-six percent of the total private sector workforce registered with the Ministry are in the construction sector, followed by 21 percent in the trade and repair services.
  • Agriculture sector marked the highest (70 percent) growth in the number of new work permits issued, followed by social and personal services.

Saudi PIF buys shares in Alphabet, Zoom, Microsoft

The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares...
  • The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet
  • It also acquired shares in JPMorgan and BlackRock, buying 3.9 million shares and 741,693 shares respectively
Economy

Qatar launches public consultation about National Blockchain Blueprint

The blueprint establishes the frame for blockchain at the national level and identifies its key elements; innovation and creativity.
  • The blueprint establishes the frame for blockchain at the national level and identifies its key elements
  • It underlines the potential of blockchain technology and the opportunities that it can offer to Qatar
Economy

UN ship with grain for Africa leaves Ukraine: ministry

The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti "for delivery to Ethiopia",...
  • Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia's invasion
  • The agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv
Economy

China heat wave pushes up prices as hens lay fewer eggs

Extreme weather has become more frequent owing to climate change, scientists say, and this will likely grow more intense as...
  • In Hefei city, farmers reported a drop in egg production because of the heat, according to a Jianghuai Morning News report
  • Hefei has so far logged 14 days of temperatures above 38 degrees Celsius, Hefei Evening News said, noting that this was a record
Business

US acts to make hearing aids affordable

In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be...
  • At $5000 a pair, safe and effective and high quality hearing aids have been unaffordable for many Americans.
  • Children, as well as people with severe hearing loss, would still need a prescription.
Economy

UAE busy in strengthening its food security system

The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...
  • The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets.
  • The policies include diversifying sources, attracting local and foreign agricultural investment.
Economy

Dubai has comprehensive plans to ensure food security: Crown Prince

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that...
  • The Dubai Food Security Committee constantly reviews current opportunities and challenges within the national food security strategy framework, he said.
  • The crown prince said Dubai will continue pursuing ways to strengthen the emirate’s resilience and food sustainability irrespective of the global environment.
Business

Kuwait’s National Fund shored up 132 SMEs during pandemic

Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...
  • Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
  • Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
Business

Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022

According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...
  • The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
  • The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.

World’s largest SWF posts $138 billion in H1 profit as AI demand boosts tech

Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust...
Economy

Company News

Latest News

First migrants in a week land on Italy’s Lampedusa

Bad weather over the past week had prevented those fleeing North Africa to venture the risky Mediterranean crossing. The earlier...

More than 2,500 migrants dead or missing in Mediterranean in 2023: UN

The land journey from sub-Saharan African countries, where many of the migrants hail from, to departure points on the Tunisian...

Lebanese children ‘miss out’ on education as crisis takes toll

Lack of funding for the school system has precipitated repeated teachers' strikes and school closures, resulting in children being increasingly...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

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...
  • Asked at a forum about China's intentions, Blinken said, "I think that what it seeks is to be the dominant power in the world -- militarily, economically, diplomatically".
  • President Joe Biden's administration, while saying it is clear-eyed on China and stepping up pressure, has also been increasing dialogue in hopes of managing tensions.
Business

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...
  • The CBUAE is keen to deepen its cooperation with the CBE to positively impact the trade and investment, said the Governor of UAE’s central bank.
  • This step will bolster cooperation between the financial sectors in both the currencies, said the Governor of Egypt’s central bank.
Geostrategy

Israel sells Arrow 3 missile defense system to Germany for US$3.5bn

TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after...
  • Israeli arms exports reached a new record of $12.5 billion dollars last year, double the amount from three years earlier, says its defense ministry.
  • Israel, together with its top ally the United States, has developed hi-tech systems designed to knock incoming rockets and missiles out of the sky.