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 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

MENA’s rising debt: A cause for global concern

MENA's debt-to-GDP ratio surged 23% in 6 years due to pandemic fallout, with only 8 of 19 countries returning to...

Economy
Economy

‘Inflation a concern, equity markets favorable in GCC region’

A survey in the GCC region reveals that almost all the respondents believe that rising inflation will impact their cost...
  • A survey in the GCC region reveals that people believe inflation will impact their cost of living by at least 10 percent
  • Over 66 percent of the respondents said that they continue to view equity markets favorably
Economy

Over 30,000 visitors attend Al Dhaid Date Festival in Sharjah

The 6th edition of Al Dhaid Date Festival came to a successful conclusion at Expo Al Dhaid, after four days...
  • The Al Dhaid Date Festival drew over 30,000 visitors who explored and learnt about the best and finest types of dates
  • Sharjah Chamber of Commerce and Industry says it will spare no effort to promote and preserve the historical status of palm trees
Economy

Saudi Arabia’s overall exports in May 2022 was US$38.5bn

The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the...
  • Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021
  • The share of oil exports in total exports increased from 72 percent in May 2021 to 80.6 percent in May 2022
Business

Russia assures Egypt of providing grains as per order

Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a...
  • Foreign Minister Lavrov said that Russian exporters of cereals will fulfil their orders and provide grains to Egypt and other countries
  • Lavrov's visit comes hot on the heels of a landmark deal Russia and Ukraine signed on Friday with the United Nations and Turkey
Economy

Dubai most expensive city in Arab world

Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.
  • Mercer survey is aimed at providing employers data to help them navigate compensation strategies for their mobile employees in the world.
  • Urkaine conflict, rising inflation and volatility of markets has affected the cost of living for most of the people in the world.
Economy

Dubai to provide 2,000 residential plots at Umm Nahad Fourth

The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince...
  • The Higher Committee for Development and Citizens Affairs approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area
  • The step comes as part of the Housing Program for Dubai Citizens to meet the requirements and needs of Emirati families
Business

Center to combat financial fraud inaugurated in Saudi Arabia

A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers...
  • The center brings together all Saudi banks under one roof to improve the customer experience and tackle confirmed cases of financial fraud.
  • The Center’s establishment came from from the Saudi Central Bank’s support for the stability of the banking sector, said SAMA governor.
Economy

DEWA says 287 11kV substations commissioned in H1 2022

Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This...
  • These 287 11kV substations are primarily in Al Merkad, Jabal Ali First, Saih Shuaib 2, Al Jadaf and Burj Khalifa areas
  • Building these substations included 177,875 working hours as per the highest quality, efficiency and safety standard
Economy

US Fed looks to hike interest rate to douse runaway inflation

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the...
  • The Fed holds its two-day policy meeting next week, where it is expected to hike the benchmark borrowing rate on Wednesday by another three-quarters of a percentage point
  • Officials have said the US economy is strong enough to withstand higher rates without a serious downturn, but others say they are overly optimistic
Economy

Egypt banks on small farms to overcome wheat shortage

Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by...
  • Egypt relied on Russia and Ukraine for 80 percent of its imports for wheat, providing the flour for Egypt's traditional flat bread
  • In March, Cairo ordered farmers to grow wheat, calling the "compulsory delivery" orders a "patriotic duty"

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

Company News

Latest News

EIH buys stake in Al Ain Pharmacy

Move aligns with EIH's aim to diversify sources of investment.
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...
Business

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Surplus in overall balance makes UAE’s economy robust

"The fiscal policy bolstered economic growth and the competitive business environment, leading to the UAE being ranked as the fastest-growing...
  • The UAE's robust fiscal performance and diversified government revenues showcase an efficient fiscal policy
  • In 2022, there was a recorded 31.8 percent year-on-year growth in revenues, and a 6.1 percent rise in expenditures
Economy

Climate action an opportunity to create more equitable world: Almheiri

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri,...
  • The minister said the UAE believes that science, innovation and technology are the tools humanity needs to drive collective progress on climate action
  • Almheiri asserted that COP28 is a chance to turn the world’s collective focus to conclude the first Global Stocktake of the Paris Agreement
Geostrategy

Jordan’s interconnection projects to serve as hub for energy exchange

AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection...
  • Jordanian authorities are working on a project to connect the Kingdom’s Risha electrical station to Iraq's Rutba station.
  • The interconnection line will allow the Iraqis to power the Rutba area's loads, using the Jordanian grid.