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.

UAE cements position as a top global investment hub in 2024

UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...

Economy

March sees GCC Index drop as heavyweight sectors lag

GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in...

Economy
Economy

Markets extend rally as rate hike fears subside

Asian and European markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street...
  • A string of weak data has led many investors to believe that inflation may have plateaued or is about to, giving room for banks to be less hawkish
  • While Fed chiefs continue to flag further big interest rate hikes in the pipeline, expectations for a prolonged period of increases have waned
Economy

Britain offers £50.2m grant to Jordan to expand social net

The grant is part of an £95 million aid package including £65 million for the social protection sector.
  • The grant is part of an £95 million aid package including £65 million for the social protection sector
  • The aid also helps Jordan take care of the Syrian refugees. a priority for the British side
Business

SVC to invest in Venture Debt Fund

The fund will offer venture debt tools to startups and SMEs.
  • SVC CEO Nabeel Koshak said the investment is part of the company's program to invest in funds.
  • Koshak said funds offering venture debt tools provide financing solutions for startups, and SMEs, known for their quick growth rates.
Economy

Central banks should not let inflation become a norm: BIS

Rise in prices has sharply accelerated since Russia's invasion of Ukraine in February, leading central banks to tighten their key...
  • BIS, known as the central bank of central banks, said they will have to act quickly to return to low and stable inflation.
  • After the shock of Covid-19, central banks initially saw the return of inflation as temporary as the economy gained pace.
Business

Sharjah a vital tourist destination, says business body

The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...
  • Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
  • In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential
Economy

UAE’s EHS, Johnson & Johnson ink MoU on healthcare

Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...
  • UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
  • The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country
Economy

Abu Dhabi explores clean energy solutions in Canada

The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...
  • The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
  • The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
Business

50 days on, ‘nothing changes’ for UAE delivery riders

Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online...
  • Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online platforms are impacting lives of thousands of riders
  • It's time to start accepting slightly longer delivery timelines, treating riders with empathy, and constantly demanding better and humane working conditions for the riders
Market Report

Saudi Index at lowest levels since January

Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...
  • The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
  • The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
Geostrategy

DEWA, Azerbaijan discuss bilateral ties, energy, business prospects

DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest...
  • DEWA , Azerbaijan discussed investment in oil exploration and production projects, crude oil trading
  • The two sides reviewed issues of mutual interest in the energy sector and long-term investment opportunities

UAE cements position as a top global investment hub in 2024

UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
Economy

Company News

Latest News

Keen on promoting digital payments in India, UAE, says RBI

NEW DELHI, INDIA – The Chief General Manager of the Reserve Bank of India's Department of Payment and Settlement Systems,...
Geostrategy

IsDB to finance projects worth US$800m in member states

JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy

Inflation in Egypt hits record high of nearly 40 percent, says government

Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

IMF head urges G20 leaders to deliver promised US$100bn for climate finance

New Delhi, India-- Appealing to G20 members to lead by example in delivering on the promise of US$100 billion per...
  • Ahead of COP28, the IMF managing director said that target must be raised to reduce emissions to prevent grave risks to economic well-being
  • She urged countries to mobilize domestic resources to finance and manage the green transition through tax reforms, efficient public spending
Economy

Global food prices drop in August: FAO

Led by staples other than rice and sugar, the Food and Agriculture Organization of the United Nations revealed that its...
  • Its Cereal Price Index dropped by 0.7% from July and International wheat prices dipped by 3.8% in August
  • But in contrast, the FAO All Rice Price Index climbed up by 9.8% from July to reach a 15-year nominal high
Economy

Deadliest quake in decades kills over 1,000 in Morocco; rescue bid is on

Following the devastating earthquake in Morocco on Saturday that killed more than 1,000 people so far, the UAE, Iran, Iraq,...
  • Tremors felt in major cities including Rabat, Casablanca, and Essaouira, say reports
  • International leaders, including UAE President, extend condolences and offer aid.