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.

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...

Business

Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...

Economy
Economy

Swimming and surfing, Gazans savour a cleaner sea

Marine pollution has worsened in recent years in Gaza, where insufficient wastewater solutions have turned the Mediterranean into a dump.
  • Marine pollution has worsened in recent years in Gaza, where insufficient wastewater solutions have turned the Mediterranean into a dump
  • The problem has been further exacerbated by the dilapidated infrastructure of the impoverished and overcrowded enclave
Economy

UNCTAD ranks UAE first regionally, 19th globally in attracting FDI inflows

The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19% growth...
  • The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19% growth compared to the year 2020
  • The report, which compares FDI performance of countries in 2021 with that of 2020, noted that in 2021, the UAE attracted $20.7 billion worth of FDI
Science

Covid vaccines saved 20m lives in first year: Study

Covid vaccines prevented nearly 20 million deaths in the first year after they were introduced, according to the first large...
  • It is the first attempt to estimate the number of deaths prevented directly and indirectly as a result of Covid-19 vaccinations
  • The study used official figures or estimates when official data was not available for deaths from Covid, as well as total excess deaths from each country
Geostrategy

UN to hold Libya talks over parliamentary elections

The world body said it will broker new talks between rival institutions from war-torn Libya next week to try to break...
  • The world body said it will broker new talks between rival institutions from war-torn Libya next week to try to break a deadlock on the rules for long-awaited elections
  • Presidential and parliamentary elections, originally set for December last year, were meant to cap an UN-led peace process following the end of violence in 2020
Business

Dubai urges use of smart apps to order Eid sacrifices

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the...
  • Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor
  • Through the apps, residents can put in their orders for slaughter, have them delivered, or even distribute them to local charities
Economy

Big Oil meeting with US govt cordial but no gas price fix

High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.
  • High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating
  • Biden and the oil industry have an uneasy relationship, in part over the White House's efforts to restrict drilling in some federal areas
Economy

UAE gets 41% of all FDI projects to Arab countries in 2 decades

The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and...
  • The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and 2021
  • As per the Arab Investment Export Credit Guarantee Corporation Arab countries received a total capex of US$1.3trn over the last 19 years
Economy

UAE keen to create sustainable food systems in GCC: Minister

Mariam bint Mohammed Almheiri, UAE’s Minister of Climate Change and the Environment, has said UAE is keen to enhance efforts...
  • Mariam bint Mohammed Almheiri was speaking at the 32nd Meeting of the GCC Agricultural Cooperation Committee.
  • Participants at the meeting also discussed nontariff barriers and the GCC’s cooperation with Jordan and Morocco.
Economy

Saudi Arabia’s merchandise exports up 98 percent in April: GASTAT

Saudi Arabia’s overall merchandise exports increased by 98 percent in April 2022 compared to April 2021, according to General Authority...
  • The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021.
  • This increase was attributed mainly to oil exports, which rose by SAR60.5 billion or 123 percent in the same period.
Economy

‘Renewable energy is 20 percent of Jordan’s power output’

Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable...
  • Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
  • The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
Business

Company News

Latest News

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,...
Economy

UAE President, Indian Prime Minister discuss strengthening bilateral, trade ties

NEW DELHI, INDIA - UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi met to...
Geostrategy

Jordan-ASEAN Economic Forum to be held in March 2024, says ACC

AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

With no deal in place with Ukraine, Russia starts grain supply initiative

Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain...
  • The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
  • Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement
Geostrategy

‘Qatar leads the charge in food security initiatives’

Several ministers of agriculture and food security from UN's Food and Agriculture Organization member states at the event discussed key...
  • Qatar plays a major role in advancing food security at local, regional, and global scales, says Qatar’s Municipality Minister
  • The country's key initiatives include dairy cow importation, poultry self-sufficiency, and innovative greenhouse techniques
Geostrategy

West blocked Russian assets worth $280bn, says US treasury

Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the...
  • “The total value of assets is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said.
  • Reportedly, the task force has completed its “initial effort to map and account for Russian sovereign assets that are immobilized and held in REPO member jurisdictions".