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.

Saudi Arabia launches ‘National Semiconductor Hub’ 

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...

Economy

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...

Economy
Economy

WUWM Abu Dhabi 2022 to discuss global food chain

The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first...
  • The World Union of Wholesale Markets (WUWM) Conference 2022 will be held in the Middle East for the first time
  • As the world’s largest network of wholesale markets, WUWM represents the industry’s most significant suppliers of fresh food
Economy

Jordan forms a PPP council to boost mining sector

Jordan's Minister of Energy and Mineral Resources on Tuesday announced the formation of a Public-Private Partnership (PPP) council for mining,...
  • This Public-Private Partnership is part of the plan for implementation of the economic modernization vision
  • The minister said that there is a need for establishing a research center for mining and metallurgy as part of the vision
Business

IHG H1 profits surge to $216mn

IHG said it would resume its interim dividend
  • InterContinental Hotels Group said that profits rose sharply in the first half after Covid travel restrictions were lifted around the world
  • IHG, which also owns brands such as Crowne Plaza and Holiday Inn, said that first-half revenues jumped by 52 percent to $1.8 billion.
Business

ADNOC Drilling H1 profit $379mn

The firm's revenue increased 13 percent to US$1.27 billion
  • ADNOC Drilling revenue increased 13 percent to US$1.27 billion compared to the same period last year
  • First half EBITDA was $580 million, up 16 percent year-on-year, with a market-leading margin of 45.7 percent
Geostrategy

Afghanistan: one year since the Taliban takeover

Last year, this week, the Taliban launched a final offensive to win back control of the country they ran between...
  • Last year, this week, the Taliban launched a final offensive to win back control of the country they ran between 1996 and 2001
  • Taliban is now in the firm grip of the country, and has once again imposed its austere interpretation of Islam
Economy

Exports drive growth in Saudi and UAE

Saudi and the UAE's reliance on oil to drive economic growth has tapered off in recent years as the non-oil...
  • In May Saudi Arabia's non-oil sector of the economy continued strong growth, notching its 21st consecutive month of expansion
  • In the United Arab Emirates, non-oil sector grew in May to a five-month high as demand remained strong despite inflationary pressures
Economy

Sharjah steps up emergency response to extreme weather conditions

More than 3,400 rescue and evacuation operations were conducted in the eastern regions of the emirate by the Sharjah Police...
  • More than 3,400 rescue and evacuation operations were conducted in the eastern regions of the emirate by the Sharjah Police General Headquarters
  • In flood-hit Kalba, 2,069 residents were moved into schools, while nurses were transferred from Fujairah to support medical efforts at Kalba Hospital

Sharjah supports low-income families with $3 million

The Sharjah Charity International has provided $3 million assistance in the first half of this year.
  • The Sharjah Charity International has provided $3 million assistance in the first half of this year
  • The society relies on the charitable contributions of benefactors to support deserving families
Economy

UAE’s Q1 public spending rises by nearly 20 percent to $23.79 billion

The UAE’s public spending in the first quarter of 2022 totaled AED87.4 billion ($23.79 billion), an increase of 19.6 percent...
  • AED28.7 billion spent on employee compensation payments, compared to AED24.6 billion in the same reporting period in 2021.
  • Revenues amounted to AED123.8 billion in the first quarter of 2022, an increase of 39.1 percent or equivalent to AED34.8 billion, compared to AED88.9 billion in Q1 2021.
Business

Qatar Chamber to promote investment in country during world cup

Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and...
  • Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.
  • Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.

Saudi Arabia launches ‘National Semiconductor Hub’ 

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...
Economy

Company News

Latest News

NASA capsule brings to Earth first major asteroid sample

Dugway, United States-- A seven-year space voyage came to its climactic end Sunday when a NASA capsule landed in the desert...
Science

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...
Economy

UAE most competitive MENA economy

The 2023 IMD World Competitiveness Ranking placed the UAE among the world's 10 most competitive economies.
Infographics
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Two weeks after calamity, Libya flood toll surpasses 3,800

Many of the dead are believed to have been swept out to sea, from where their bodies are still washing...
  • A total of 3,845 people are now confirmed to have died, said Mohamed Eljarh, spokesman for the relief committee
  • He said the figure included only those whose burial had been recorded by the health ministry, so it is "expected to rise every day"
Business

China-Arab States Expo kicks off, highlighting deep trade ties

Yinchuan, China--The sixth China-Arab States Expo commenced today in Yinchuan, northwest China's Ningxia Hui Autonomous Region, marking yet another chapter...
  • WIth more than 1,000 entities participating in the expo, it showcases innovations from 18 trailblazing companies across various sectors
  • The main highlight of the event in northwest China is the clean energy section, themed “Deepen Energy Cooperation, Create a Green Future”
Geostrategy

Egypt, Sudan and Ethiopia restart Nile dam talks

The massive $4.2-billion dam built by Ethiopia has stoked tensions with Egypt and Sudan as they fear the dam will...
  • The three countries, according to Ethiopia's foreign ministry, started a second round of negotiations in Addis Ababa
  • Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed agreed in July to finalise a deal within four months