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.

Asian shares mixed after Fed minutes, while Nvidia provides support

Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...

Economy

Kuwait approves new government amid political crisis

Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...

Economy
Economy

Billions rely on wild species for food, fuel, income: UN

Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000...
  • Wild plants, algae and fungi provide food and income for one in five people globally, the report said, while some 2.4 billion people rely on wood for cooking.
  • Illicit trade in wild species is estimated to be worth between $69 billion and $199 billion a year, the third largest illegal market after human trafficking and drugs.
Geostrategy

UAE takes part in G20 Foreign Ministers’ meeting in Indonesia

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...
  • The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity
  • Such meetings help in promoting international cooperation to achieve sustainable development goals
Business

Metaverse is in the making since 90s: Expert

As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the...
  • Metaverse is the product of a several waves of digitization and internet development since the 90s.
  • Metaverse will create new opportunities for new services and, in fact, new activities altogether.
Economy

World food prices fell in June but remain very high: FAO

World food prices, including for wheat, fell in June for a third month running despite remaining near an all-time high,...
  • Export flow disruptions resulting from Russia's invasion of Ukraine on February 24 and international sanctions on Moscow have sparked fears of a global hunger crisis.
  • After a record spike in March due to the war, the FAO food price index -- a measure of the monthly change in international prices of a basket of food commodities -- fell 2.3%.
Business

Over 4,800 take part in Dubai corporate volunteering program

Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across...
  • Volunteers dedicated 17,460 hours across projects benefitting more than 147,000 individuals
  • The month-long event is part of Dubai Chamber of Commerce ENGAGE Dubai corporate volunteering program
Business

Summer break, Eid push up Saudi air ticket prices

The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between...
  • Saudi Arabia's domestic airports are witnessing active travel due to the summer break and Eid al-Adha
  • There has been an increase in the prices of domestic flights tickets, ranging between 32% to 314%
Economy

Record exports help US trade deficit reach its lowest in 2022

The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop...
  • Surge in oil sales, natural gas and consumer goods pushed American exports up by $3 billion to $255.9 billion.
  • Multiple export categories set records, including industrial supplies, autos and parts, and also petroleum.
Economy

17 institutions win Real Estate Excellence Award in Sharjah

The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards...
  • Sharjah Real Estate Registration Department awards are part of a plan to make the emirate an attractive global destination
  • One of the plans are to attract investors and consolidate the emirate's position as a sustainable knowledge economy
Economy

Common Reporting Standards to be mandatory in UAE, says CBUAE

Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial...
  • The CRS is a global method for the automatic exchange of accounts with other financial regulatory organizations across the world
  • The CBUAE is keen to comply with global standards as part of its mission to enhance monetary policy and financial stability

UAE, Japan discuss forming a business council

The council aims to boost cooperation and visits between the business communities in both countries.
  • The council aims to boost cooperation and visits between the business communities in both countries
  • Secretary-General of the FCCI bin Salem invited Japanese businesses to invest in the UAE and leverage government incentives

Asian shares mixed after Fed minutes, while Nvidia provides support

Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...
Economy

Company News

Latest News

Saudi business delegation visits ZSBVC steel factory in Vietnam

HANOI, VIETNAM  - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and...
Business

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...
Geostrategy

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

Most Read

Economy

People’s Bank of China cuts bank reserve ratio again to aid recovery

Beijing, China - The People's Bank of China (PBOC) on Friday unveiled its decision to trim the reserve requirement ratio...
  • The move marks the second significant RRR reduction by the PBOC this year
  • Institutions already operating with a 5% RRR are exempted from this change
Analysis

Deals with India add pace to Saudi diversification

Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and...
  • Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and plans for an economic corridor from India to Europe
  • Trade between Saudi Arabia and India, valued at US$52 billion, and India's rising economic prominence position makes New Delhi a key strategic partner for the Kingdom
Geostrategy

Diverse business models needed for trade with China, say Union of Arab Chambers

BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
  • The secretary general of the Union of Arab Chambers said there was a rise in the variety of goods traded between China and the Arab world in recent years.
  • Arab nations and China cannot simply rely on the traditional pattern of cooperation that emphasizes on imports and exports of products.