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.

GCC countries host nine million Indians, UAE alone home to 3.55 million

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...

Economy

Record high Gold prices amidst expected September FED rate cut

Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates...

Economy
Science

Sustainable research centers in UAE being built on SDME designs

Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in...
  • In the UAE many sustainable research centers based on the designs of the teams participating in the first and second Solar Decathlon Middle East are being constructed
  • SDMEs were organized by Dubai Electricity and Water Authority as part of its, Dubai Supreme Council of Energy and the US Department of Energy partnership
Economy

Major fall in global food prices in July, says FAO

Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the...
  • Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier this year in the wake of the developments in Ukraine
  • The decline was led by double-digit percentage drops in the cost of vegetable oils and cereals

Khalifa Fund offers US$30 million to support SMEs in Kenya

The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.
  • The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya
  • Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed nd are expected to generate nearly 13,000 job opportunities

UAE to invest $1bn in Pakistani companies across various sectors

The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.
  • The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
  • The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc
Economy

Jordanian Senate examines draft investment law

Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look...
  • Jordan Senate's Finance and Economic Committee examines the draft law regulating the investment environment in the country.
  • Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the economy
Economy

FDIs in the UAE grew 116% from 2012 to 2021

According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in...
  • FDI in the UAE witnessed significant growth, from $9.5billion in 2012 to $20.6 billion in 2021
  • The UAE was ranked 19th globally in the list of top 20 countries that attract FDIs
Economy

Dubai’s weeklong real estate transactions total $1.4bn

In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August...
  • In Dubai, 255 plots were sold for $337 million, 1,510 apartments and villas for $759 million
  • During the week, the total number of transactions was 2,247
Economy

UAE to set up country’s first Industry 4.0 Enablement Centre

UAE will set up the country’s first Industry 4.0 Enablement Centre aimed at promoting, enabling, and supporting the digital transformation...
  • The UAE ministry of industry and advanced technology will explore how the Enablement Centre can leverage what has been achieved by the EDGE Learning & Innovation Factory.
  • Its offerings include learning, innovation, and demonstration to the wider industrial ecosystem.

Jordan approves charter for Artificial Intelligence ethics

A cabinet session headed by Prime Minister Dr. Bishr Khasawneh, passed the charter and circulated the document to all ministries...
  • A cabinet session headed by Prime Minister Dr. Bishr Khasawneh, passed the charter and circulated the document to all ministries and public institutions
  • The charter also seeks to find a common ethical base that regulates development of artificial intelligence technologies, based on human and religious values
Economy

Three more grain ships leave Ukraine: Turkey

Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for...
  • Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for the first time since Russia invaded its neighbor in February
  • The ship's passage is being overseen by an international team that includes officials from Turkey, the UN and the two warring parties

GCC countries host nine million Indians, UAE alone home to 3.55 million

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...
Economy

Company News

Latest News

Qatar launches ‘Istamer’ platform to employ retirees in private sector

DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business

ADNOC, TAQA complete financial closing on sustainable water supply project

ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business

Evergrande shares sink after restructuring plan scrapped

Evergrande's enormous debt has contributed to the country's deepening property market crisis, raising fears of a global spillover. The property...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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,...
  • Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
  • The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations
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...
  • Al Jaber chaired the first ministerial meeting of the comprehensive strategic partnership between the two countries in Tokyo
  • He met with the Japan's minister of economy to explore avenues for bilateral relations, including the latest developments in trade and investment
Science

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...
  • The sample, according to scientists, will provide a better understanding of the formation of our solar system and how Earth became habitable
  • NASA scientist Amy Simon said the sample return is "really historic" and it is the biggest sample NASA has brought back since the Apollo moon rocks