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.

UAE realty sector poised for growth as central bank forecasts 6.2% GDP growth in 2025

Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...

Business

Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives

Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...

Economy
Business

2.6% year-on-year rise in insurance sector assets in Q1 2022: CBUAE

The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1...
  • The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1 million policies
  • Gross Written Premiums increased Y-o-Y by 4.6 percent in Q1 2022 to AED 15.8 billion mostly due to an increase in property and liability insurance premiums
Economy

A new ‘architectural openness’ is remaking Saudi streets

Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh.
  • Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh
  • The result is a kind of visual marker of the more welcoming narrative Saudi officials are pushing for the traditionally ultra-conservative kingdom
Geostrategy

Putin, Saudi crown prince discuss oil as global energy market gets volatile

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman spoke about the oil market in a telephone...
  • The Saudi-led OPEC oil grouping has been cooperating with a number of other oil-exporting nations including Russia for several years to better control the oil market
  • The group, called OPEC+, introduced production cuts during the coronavirus pandemic that helped the oil market to recover from a crash in prices to below zero
Economy

Dubai Health Authority, Visa sign MoU to enhance health tourism

The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...
  • Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience
  • The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries
Science

Testing of Barakah Nuclear Plant’s last unit successful

The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four...
  • Emirates Nuclear Energy Corporation successfully completes Hot Functional Testing on the last of its four units of Barakah Nuclear Energy Plant
  • Results demonstrate that all systems perform in accordance with the highest quality and safety standards under normal operating conditions
Economy

Russia resumes critical gas supplies to Europe via Nord Stream

Russia on Thursday resumed critical gas supplies to Europe through Germany, reopening the Nord Stream gas pipeline after 10 days,...
  • The German government had feared that Moscow would not reopen the pipeline after the scheduled work
  • Gazprom has cut flows to Germany via the vital Nord Stream 1 pipeline by some 40 percent in recent weeks
Economy

UAE, Korea discuss cooperation in food security, health, technology

Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.
  • Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million
  • The value of non-oil trade between the two countries in H1 2022 amounted to US$1.3 billion, a 19 percent increase compared to the same quarter last year

Jordan’s Tourism income up 242% in H1 2022

The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million.
  • The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million
  • Data showed a rise in Jordanians' expenditure on travel last June by 61.8 percent
Economy

US seeks billions in Africa investment: aid agency chief

Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business...
  • Albright was speaking at the US-Africa Business Summit in Marrakesh, an annual conference organized by private organization Corporate Council on Africa
  • The meeting will bring together African political and business leaders as well as decision-makers and investors from the US private sector
Economy

Digitization of govt services spurs MENA IT spending

The IT spending in the MENA region will hit US$1.7bn in 2022 as the governments are using technology to streamline...
  • Sixty-six percent of total IT spending in 2022 will go toward communication services, which will remain the largest segment
  • Global government IT spending is estimated to reach US$565.7 billion this year, up 5 percent from 2021

UAE realty sector poised for growth as central bank forecasts 6.2% GDP growth in 2025

Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...
Business

Company News

Latest News

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...
Economy

Stocks diverge as oil hits 10-month high of above $95 per barrel

Brent North Sea crude oil traded above $95 per barrel Tuesday for the first time since November last year, supported...
Economy

Airports Council International sets up first office in Riyadh

Riyadh, Saudi Arabia-- The Airports Council International (ACI) for Asia-Pacific and the Middle East has established its first office in...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

UAE and Serbia hold discussions on signing of CEPA

In order to boost trade and investment flows and private-sector collaboration, the UAE and Serbia have begun talks on Comprehensive...
  • The bilateral non-oil trade in H1 reached US$57.6 million, surpassing the total recorded for the whole of 2020
  • Until now, the UAE has successfully concluded CEPAs with India, Indonesia, Israel, Türkiye, Cambodia and Georgia
Economy

UAE’s $1.5 bn bond issue oversubscribed five times

Dubai, UAE - The UAE's $1.5 billion bond issue saw five times oversubscription, attracting over $7.4 billion in bids, the...
  • The 10-year bond, with a yield of 4.917%, will list on the London Stock Exchange and Nasdaq Dubai, maturing in September 2033
  • The allocation was geographically diverse, with 61% going to banks, 32% to fund managers, 4% to pension funds and central banks, and 3% to the insurance sector
Economy

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...
  • Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact of new developments
  • With projects like Expo City Dubai is leading the way, the nation's architectural landscape is evolving towards a greener future, says Devmark CEO Sean McCauley