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.

Dubai 21st most richest city in the world, top in the Middle East

New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of...

Economy

GCC countries mobilize to build resilient industrial supply chains: report

GCC countries are prioritizing actions like near-shoring, international partnerships, and technology adoption to ensure supply chain adaptability and responsiveness, says...

Economy
Business

Microsoft earnings fall

The poor performance result of sagging demand.
  • The US technology giant reported profit of $16.7 billion on revenue of $51.9 billion, topping the same quarter a year earlier but missing market forecasts.
  • The earnings stumble was due mostly to foreign exchange rates and shutdowns of personal computer factories in China
Economy

Lebanon approves $150m World Bank loan for wheat import

Lebanon's parliament approved on Tuesday a $150 million World Bank loan to import wheat, as shortages of subsidized bread intensify...
  • Long lines have formed in front of bakeries and supermarkets where people wait hours for a bag of subsidized Arabic bread.
  • Lebanon imports 80 percent of its wheat from war-torn Ukraine, according to a representative of Lebanon's wheat importers.
Economy

IMF cuts global growth outlook amid US, China slowdowns

In its latest World Economic Outlook, the International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths...
  • The top priority for policymakers is to rein in soaring prices, even at the cost of inflicting pain on their citizens, the fund said.
  • China's economy is expected to slow dramatically in 2022, expanding just 3.3 percent -- the lowest in more than four decades.
Economy

Iraqi Kurd farmers battle drought as Lake Dukan retreats

The artificial lake was created in the 1950s following construction of the Dukan dam, to supply irrigation and drinking water...
  • The artificial lake was created in the 1950s following construction of the Dukan dam, to supply irrigation and drinking water for the region, as well as generate electricity
  • With rainfall becoming a rarity and after three successive years of drought, Iraq has been forced to halve the area it devotes to agriculture

Morocco retrieves eight migrant bodies off its coast

Moroccan authorities on Monday retrieved the bodies of eight migrants off the southern shores of the North African kingdom, local...
  • Their inflatable boat sank near the coastal town of Akhfennir in Tarfaya province as it tried to reach Spain's Canary Islands
  • Almost 1,000 migrants died or were reported missing at sea in the first half of the year as they tried to reach Spain, rights group said
Business

JCDC, Cruise Saudi to develop Jeddah Central Project design

The Marina and terminal will contribute to transforming Jeddah’s coastline.
  • The Marina and terminal will contribute to transforming Jeddah’s coastline
  • The project will also foster growth of the Kingdom’s marine tourism industry
Science

Saudi Crown Prince unveils designs for futuristic city The Line

Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of...
  • THE LINE is a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature
  • The designs of THE LINE embody how urban communities will be in the future in an environment free from roads, cars and emissions
Economy

Bahrain joins UAE, Jordan and Egypt in industrial pact

Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth...
  • The Industrial Partnership for Sustainable Economic Development was announced in the UAE on May 29, 2022 with an aim to empower their industrial sector.
  • The plan was establish large joint industrial projects, providing private sector companies with opportunities for expansion and creating job opportunities.
Economy

7.1 GW of renewable energy under production in Saudi Arabia

Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are...
  • The current production capacity of renewable energy projects is 700 megawatts.
  • Energy projects are covered under the National Renewable Energy Program (NREP).
Economy

Abu Dhabi Maritime to sponsor Abu Dhabi International Boat Show

The Abu Dhabi International Boat Show (ADIBS), organized by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a...
  • Abu Dhabi Maritime has a mandate to implement effective maritime services and state-of-the-art infrastructure
  • The fourth edition of Abu Dhabi International Boat Show will take place this year from November 24 to 27.

Dubai 21st most richest city in the world, top in the Middle East

New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of...
Economy

Company News

Latest News

Project reuse helps UAE boost sustainability drive

Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact...
Economy

Abu Dhabi council review budget, sports development

Abu Dhabi, UAE - Abu Dhabi Sports Council discussed business developments and plans for developing the sports sector here, local...
Business

Aramco, IHC among biggest companies in Middle East

Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...
Infographics
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Israeli PM Netanyahu to meet Elon Musk during US visit

Benjamin Netanyahu announced his meeting with Elon Musk through a post and told that they will discuss artificial intelligence. The...
  • Netanyahu said on Monday that Israel needs to become an Artifical Intelligence leader
  • He will meet presidents of Ukraine, US and Turkey among other world leaders
Economy

Oman annual inflation inches up 0.82 percent in August

Muscat, Oman--Annual inflation of Oman has shot up 0.82 percent in August as against 2.4 percent in the same month...
  • Food prices were also up with an 11.65 percent hike in fish and seafood, an 8.87 percent increase in dairy and egg prices and a 5.5 percent uptick in vegetable costs
  • The cost of household furnishings and routine maintenance went up by 2.63 percent, miscellaneous goods and services by 2.61 percent, dining and lodging by 2.46 percent
Economy

UN meet looks to salvage promises on helping world’s poorest

The UN head said the summit will seek a "global rescue plan" on the targets of Sustainable Development Goals, as...
  • Developing countries' leaders will be present in force even as US has hoped to show it is also interested in development
  • Antony Blinken said he would hold a meeting at the UN on how to use AI to advance the Sustainable Development Goals