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.

Qatar banking on AI with nearly $2.5 bn in investments

Qatari Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani delivered on...

Economy

Saudi Arabia invests billions in biotech sector: report

The kingdom accelerates its biotech and genomics sector with substantial investments, in line with Vision 2030's push for economic diversification...

Economy
Geostrategy

First grain cargo ship could leave Ukraine port Monday, says Turkey

A spokesman for the Turkish presidency said there was a "high probability" that a first ship carrying Ukrainian grain could...
  • The resumption of exports was discussed in talks between the Turkish and Ukrainian defense ministers
  • A Joint Coordination Centre is charged with controlling Ukrainian grain exports via the Black Sea
Geostrategy

Saudi Arabia, Poland sign agreement on air transport

Saudi General Authority of Civil Aviation (GACA) signed a Memorandum of Understanding (MOU) with Poland to organize the operational framework...
  • From the Saudi side, Ali Rajab, Executive Vice President at GACA -Economic Policies & International Cooperation signed the MoU
  • From the Polish side, Piotr Samson, President of the Polish Civil Aviation Authority inked the pact in Warsaw
Economy

Saudi Arabia GDP climbs nearly 12% in Q2 on oil price hike

Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according...
  • Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year
  • The Middle East's largest economy has benefited from a spike in oil prices triggered by Russia's invasion of Ukraine
Arts & Culture

Sheikh Hamdan bin Zayed issues directives for ADIHEX 2022

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC),...
  • Chairman of the Emirates Falconers’ Club has issued directives for development of the strategy of Abu Dhabi International Hunting and Equestrian Exhibition
  • The development of ADIHEX strategy is to enhance its role in preserving UAE's cultural heritage, protecting the environment and promoting sustainable hunting
Economy

Lebanese struggle to find bread due to shortage of wheat

In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and...
  • A bag of flat Arabic pitta-like bread now officially sells for 13,000 Lebanese pounds (43 US cents) and on the black market it costs more than 30,000
  • Lebanese media carry frequent reports of fights breaking out at bakeries, and even shots fired by customers demanding more bread
Business

Istanbul Airport first in Europe with 1,327 average flights daily

Istanbul Airport ranked first in Europe in terms of the average number of daily flights during the period of July...
  • The Airport exceeded the French Charles de Gaulle Airport and Amsterdam Airport Schiphol by number of flights
  • Istanbul Airport also topped the list of airports in terms of the number of passengers during the month of June
Business

Gazprom suspends gas export to Latvia as tensions escalate

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict...
  • Gazprom suspended its gas supplies to Latvia due to "violations of the conditions" of purchase, the company said on Telegram.
  • Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its capacity.
Economy

DEWA’s Marafeq Smart Feature speeds up issuing of NOCs

Dubai Electricity and Water Authority (DEWA)’s Marafeq Smart Feature has contributed to accelerating issuing of No Objection Certificates (NOCs) for...
  • DEWA’s Marafeq Smart Feature has enhanced collaboration with other utilities in Dubai
  • Till the end of June 2022, around 15,000 NOCs have been approved using this feature
Economy

‘Credit by national banks rose to US$3.5bn till April 2022’

Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion)...
  • The cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14 percent.
  • Value of credit facilities extended by national banks to the sector accounted for 89.1% of gross accumulative credit balance.
Economy

Turkey’s June 2022 exports up 19% to US$23.4bn

The January-June figure hit $125.9 billion, the Turkish Statistical Institute (TurkStat) said in a statement
  • The January-June figure hit $125.9 billion, the Turkish Statistical Institute (TurkStat) said in a statement
  • As imports rose at a faster pace than exports, the country's foreign trade deficit widened 142.7 percent to hit $51.4 billion

Qatar banking on AI with nearly $2.5 bn in investments

Qatari Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani delivered on...
Economy

Company News

Latest News

RAKEZ team wraps up roadshow to boost trade in China’s Guangdong province

RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ), led by Group CEO Ramy Jallad,...
Geostrategy

Syria’s Bashar Al-Assad visits China seeking funds

China becomes one of only a handful of countries outside the Middle East that Assad has visited since the 2011...

GCC countries hold interest rates following US Fed decision

Abu Dhabi, UAE -- In the wake of the US Federal Reserve's decision to maintain its interest rates, GCC countries,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Sharjah Chamber to host two-day Gulf-Iraq Business event

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq...
  • The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities.
  • The Chamber hopes the event starts new wave of economic, trade, and industrial relations between the GCC countries and Iraq.
Geostrategy

Belt and Road Initiative countries expect more cooperation ahead of China-Arab expo

YINCHUAN, CHINA - In the run-up to the sixth China-Arab States Expo, guests from countries and regions along the Belt...
  • Morocco was the first country in North Africa to sign the Belt and Road cooperation document with China.
  • Since then, the two countries have maintained close political, economic, and cultural connections.
Economy

AI and LLMs poised to transform global job landscape

About 23% of global jobs will transform within five years due to LLMs and AI advancements, according to the World...
  • About 23% of global jobs will transform within five years due to LLMs and AI advancements, according to the World Economic Forum's 'Future of Jobs Report 2023'
  • Jobs like Credit Authorizers, Management Analysts, and Telemarketers face high automation risks, while Insurance Underwriters and Bioengineers offer brighter future