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.

Europe reverses course on interest rates, diverging from U.S. Fed policies

For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight...

Economy

Low-pressure system eases over UAE: Dubai Airport delays remain

The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International...

Economy
Economy

Euro faces many hurdles on way to recovery against dollar

The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven...
  • French President Emmanuel Macron even said on Thursday that Russia was using energy "as a weapon of war"
  • Like other central banks, the European Central Bank (ECB) is seeking to avoid stifling the economy by raising rates too sharply
Geostrategy

UAE delegation highlights good governance initiative

The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in...
  • The UAE delegation concludes successful visit to the 2022 High-Level Political Forum on Sustainable Development
  • The delegation presents the second edition of the UAE’s National Voluntary Review Report at the UN Headquarters
Geostrategy

‘Unrealistic policies to curb emissions could fuel inflation’

Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...
  • Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation
  • Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060
Geostrategy

Biden invites United Arab Emirates president to US

US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States...
  • US President Joe Biden invites his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States
  • The US President said he wanted the United Arab Emirates President to visit the United States this year
Economy

Abu Dhabi EAD launches environmental labeling program

The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best...
  • The 'Green Industries' environmental labeling program is based on best international practices in the field of eco-labeling
  • The program aims to build mutually supportive partnerships to enhance the contribution of industrial facilities to environmental protection.
Geostrategy

Saudi citizens’ US visitor visas validity raised to 10 years

The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...
  • The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
  • The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis
Economy

Saudi inflation inches up to 2.3%, driven by high food prices

Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in...
  • While the annual growth in the transport index slowed to 2.47 percent in June from 4.05 percent in May, the growth rate in the housing and utilities group doubled to 1.02 percent
  • The food and beverages category’s contribution to headline inflation changed less in June compared to May at around 36 percent
Economy

Libya oil firm lifts force majeure at terminals, groups end blockade

Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...
  • Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control
  • Groups demanding more "equitable distribution" of the country's oil revenues had since mid-April blockaded six oil fields and export terminals
Business

Saudi Arabia, US sign 18 agreements in key sectors

The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
  • The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
  • The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms
Business

EU car sales down 14 percent in H1 as supply shortages persist

EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages...
  • With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union.
  • Sales in Italy tumbled by 22.7 percent, by 16.3 percent in France, 11 percent in Germany and 10.7 percent in Spain.

Europe reverses course on interest rates, diverging from U.S. Fed policies

For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight...
Economy

Company News

Latest News

Libya flood toll is partly due to years of division, say analysts

TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating...
Geostrategy

IMF criticizes Lebanon for failure to adopt reforms

The International Monetary Fund renewed its criticism of Lebanon for failing to enact reforms demanded by creditors in return for...
Economy

Dubai real estate transactions worth over $3.4bn in week ending September 15

DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
  • Qatar has been a mediator in talks that led to a prisoner exchange deal between Iran and the United States.
  • The deal involves the release of five prisoners from each side and the unfreezing of some US$6 billion worth of Iranian funds.
Economy

Nearly two-thirds of Saudi Arabian employees lack enhanced digital skills 

Riyadh, Saudi Arabia - A substantial 62% of employees in Saudi Arabia are eager to acquire improved digital skills in...
  • The findings also exposed a troubling trend, with 45% of respondents expressing concerns about job security due to their perceived lack of IT competencies
  • The survey also highlighted a specific group within the workforce most apprehensive about job security – department heads and top managers

US approves most Egypt aid despite rights alarm

Egypt is one of the largest recipients of US military aid, dating to its historic normalization of relations with Israel...
  • The $1.215 billion package marks the third straight year that US government has waived some restrictions imposed by Congress on aid to Egypt
  • "This decision reflects that Egypt is making a specific and ongoing contribution to US national security priorities," a State Department official said