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.

UAE, Qatar Central banks keep interest rates unchanged towing the line with US Fed

The Central Bank of the UAE (CBUAE) and Qatar Central Bank (QCB) have decided to keep interest rates unchanged, following...

Economy

The U.S. playing the waiting game with inflation

Federal Reserve official Neel Kashkari has reiterated the Fed’s wait-and-see approach about possible rate cuts.  In a recent interview on CNBC, Kashkari, who serves...

Economy
Geostrategy

Moqtada Sadr calls on judiciary to dissolve parliament

Sadr justified his calls for judicial action by noting that constitutional deadlines for appointing a new president and prime minister...
  • Sadr has invited MPs and his supporters to take legal action to demand that parliament be dissolved
  • Iraq's former PM earlier had called for parliamentary sessions to resume in order to study a possible dissolution of the body
Economy

Central Bank of Kuwait raises discount rate by 2.75%

CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments.
  • CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments
  • The Governor added that the rate hike was to keep up with the major international interest rates, and to reinforce a favourable environment for economic growth
Economy

Key sectors face changes as UAE eyes net-zero status

As the Gulf country sets aside about US$163bn to achieve zero-emission, the number of enterprises focusing on renewable energy is...
  • As the country sets aside about US$163bn to achieve zero emission, the number of enterprises focusing on renewable energy is growing, says Simon Birkebaek of BCG
  • However, the UAE is still working on the policy framework to achieve net-zero energy status and many key sectors may witness changes in the way they have been operating
Business

Saudi finance ministry partners with Al-Ahly to develop savings bonds

Saudi’s Ministry of Finance and the National Center for Debt Management has partnered with Al-Ahly Financial Company to develop and...
  • Saudi Finance Ministry and National Center for Debt Management partner with Al-Ahly Financial Company.
  • The deal between the two entities is aimed at promoting the culture of saving in the Kingdom.
Business

UAE inflation low but businesses burdened by rising costs: Report

IMF estimates inflation in the UAE is expected to be at 3.7 per cent in 2022, falling to 2.8 percent...
  • About 37 percent of UAE businesses are changing their pricing strategy in line with cost increases and 31 percent are focusing on product or service differentiation.
  • Businesses in the UAE report cost increases of 18 per cent for energy and utilities, 17 per cent for raw materials and 14 per cent for wages and staff compensation.
Geostrategy

New buyer sought for first grain to leave Ukraine under deal

The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize.
  • The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize
  • Another ship docked in Turkey Monday with a cargo of 12,000 tons of Ukrainian maize, becoming the first to reach its destination
Business

Doha Bank raises non-Qatari ownership threshold to 100%

Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals
  • Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals.
  • The change has been made at the Qatar Central Securities Depository with immediate effect, the bank said in a statement
Economy

Global stock markets retreat on eve of US inflation data

If the official consumer price data Wednesday come in above analysts' forecasts, the markets could see a sharp sell-off, analysts...
  • Federal Reserve officials in recent days have stressed that more hikes are coming to tame soaring inflation
  • Oil prices reversed some of the prior day's gains and remain around six-month lows as recession fears mount

Dubai marine service to enhance maritime sector efficiency

The service aims to establish a unified civilian entity affiliated with the DMCA, Dubai Municipality and Dubai International Marine Club.
  • The service aims to establish a unified civilian entity affiliated with the DMCA, Dubai Municipality and Dubai International Marine Club
  • Dubai Maritime City Authority said the purpose of Marine Assistant service was to develop a system that enhances the efficiency and competitiveness of Dubai’s maritime
Economy

Ajman records 13% growth in certificates of origin during H1, 2022

Abdullah Al Muwaiji, Chairman of the ACCI, said that the export growth in Ajman was supported by the advanced infrastructure...
  • Abdullah Al Muwaiji, the ACCI Chairman, said that the export growth in Ajman was backed by the advanced infrastructure
  • ACCI has issued a set of commercial reports to its members, traders, and industrial business owners, to identify export opportunities available in global markets

UAE, Qatar Central banks keep interest rates unchanged towing the line with US Fed

The Central Bank of the UAE (CBUAE) and Qatar Central Bank (QCB) have decided to keep interest rates unchanged, following...
Economy

Company News

Latest News

Germany’s housing sector slumps into crisis

Scholz's government had promised to build 400,000 homes a year to alleviate an endemic housing shortage made worse by burgeoning...
Economy

Foreign direct investment crucial for economic growth

At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth,...
Economy

UAE and Japan hold discussions to boost economic, strategic ties

Tokyo, Japan-- The UAE and Japan have held discussions to boost partnership in various sectors of the economy even as...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Jordan, Egypt and Iraq pledge to boost ties in economic and political fields

New York, US-- Jordan, Iraq, and Egypt have pledged to cement the partnership between themselves in order to boost cooperation...
  • The foreign ministers of the three countries met in New York on the sidelines of the 78th session of the United Nations General Assembly in New York
  • They reaffirmed the importance of completing the projects and taking the new initiatives in the fields of electrical connections, renewable energy, communications, trade
Infographics

UAE most competitive MENA economy

The 2023 IMD World Competitiveness Ranking placed the UAE among the world's 10 most competitive economies.
  • Gulf Cooperation Council economies are the most competitive in the Middle East region, according to the latest IMD World Competitiveness Ranking.
  • In the 2023 IMD World Competitiveness Ranking, the top three economies are Denmark, Ireland and Switzerland, while the US ranks seventh.
Geostrategy

GCC chief highlights importance of boosting ties with UK

New York, US--Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, has stressed the importance of strengthening ties with...
  • Albudaiwi made the remarks during a meeting with Lord Tariq Ahmad, UK's Minister of State for the Middle East, North Africa, South Asia, in New York
  • During the meeting many issues were discussed, including the developments in the negotiations of the FTA between the GCC and the UK and Northern Ireland