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.

Disparities in climate action risk worsening global economic inequality, warns new report

Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to...

Economy

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
Economy

Dar Al Ber spends over $57m on charitable projects in UAE, worldwide

The number of projects inside the UAE and in several regions around the world has reached 22,517.
  • The number of projects inside the UAE and in several regions around the world has reached 22,517
  • Dar Al Ber also implemented seasonal projects in 37 countries in Asia, Africa and Europe
Economy

Saudi agriculture sector grows 7.8% to value at $19.23bn

The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019,...
  • The positive growth in the sector has been attributed to the strategies implemented by the kingdom's government corresponding with Vision 2030
  • The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent
Economy

Bahrain posts a budget surplus of $88m for first half of 2022

Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38...
  • Actual revenues collected increased by 52 percent compared to the same period in 2021.The kingdom had reported a deficit of $1.38 billion a year earlier.
  • Actual expenses amounted to $4.4 billion, an increase at a rate of only 2 percent compared to the same period in 2021.
Economy

Saudi Arabia’s inflation surges to 2.7 percent in July: GASTAT

Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics...
  • Cost-of-living index for July rose to 107.20 points, according to base year 2018, compared to 104.41 points in July.
  • The Increase in consumer price index (CPI) was driven by a 3.9 percent year-on-year rise in the food and beverage prices.
Economy

‘Jordan committed to combating terror financing’

Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...
  • Governor of the Central Bank of Jordan said that terror financing is a threat to national economies
  • The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing
Economy

Jordan’s anti-corruption body launches National Integrity Index

The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...
  • Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards
  • The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture
Economy

Museum, DEWA partner for sustainable development

The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...
  • The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy
  • The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges
Business

Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%

The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...
  • Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.
  • The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.
Business

DGCX licensed brokerage firms can now become DFM derivatives members

Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...
  • Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.
  • Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.
Economy

Saudi real estate fund signs 58,000 housing support contracts in H1

Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs...
  • One of the goals of kingdom's transformative Vision 2030 is to raise the percentage of house ownership to 70 percent,
  • The number of the beneficiaries of housing support programs from June 2017-June 2022 is more than 660,000.

Disparities in climate action risk worsening global economic inequality, warns new report

Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to...
Economy

Company News

Latest News

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...
Geostrategy

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...
Market Report

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,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Masdar and PLN NP to triple size of Southeast Asia’s largest floating solar plant

Abu Dhabi, UAE--Masdar and PLN Nusantara Power (PLN NP) have signed an agreement to develop Phase II of the successful...
  • The clean energy partnership between the UAE and Indonesia saw further consolidation when the two companies signed the deal to expand FPV plant
  • The UAE company has developed the region’s largest floating solar facility, the 145 MW Cirata floating solar PV plant in a joint ventre with PT PJB, now PLN NP
Business

Markets mostly up but US rate outlook feeds uncertainty

With inflation still sitting well above the central bank's target and the labor market showing few signs of softening, decision-makers...
  • All three main indexes on Wall Street tanked Tuesday, shedding more than one percent apiece.
  • Asia started on the back foot but most markets managed to eke out gains following a painful start to the week.
Economy

Russian economy to grow 1.5 percent this year, says key European bank

After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now...
  • it said the outlook for 2024 will depend heavily on how the war on Ukraine and the related economic sanctions evolve
  • Russia's central bank has forecast the country's economy to grow between 1.5 and 2.5% this year and between 0.5 and 1.5% in 2024