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.

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

Gold hits fresh record above $2,300 as Fed hints at easing monetary policy

On Thursday, bullion touched $2,304.96 per ounce, according to Bloomberg News, after Fed boss Jerome Powell said it would likely...

Business

Global personal luxury goods market hits US$300bn

The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the...
  • Global personal luxury goods experienced a remarkable performance in the first quarter 2022
  • Luxury brands enjoyed growth from a strong holiday shopping season, maintain momentum in the US
Economy

Leadership supports growth of UAE as global manufacturing hub: Minister

UAE's Minister of Industry Dr Al Jaber said at the 'Make it in the Emirates' Forum that the national industrial...
  • The national industrial strategy will leverage the UAE's competitive advantages to build a strong industrial sector
  • The strategy will help the country develop a diversified, self-sufficient and sustainable economy
Economy

Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam

The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.
  • The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries
  • Earlier this month, the kingdom lifted measures intended to prevent the spread of the virus, such as the requirement to wear face masks indoors
Economy

Inflation poses new challenges to Middle East, GCC

The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing...
  • The global inflation wave -- affecting the US, EU and China and spreading to the Gulf countries -- is forcing common people to look for alternatives away from the govt actions.
  • The unprecedented inflationary hikes is the result of Russia's four-month-long conflict with Ukraine that has hit global supply chains and increased shipping expenses.
Infographics

GCC countries likely to issue less debt this year

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the...
  • The region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.
  • Analysts last year were especially concerned about Bahrain and Oman whose government debt ratios had risen sharply in recent years.
Business

Air traffic to reach full capacity by 2023 despite uncertainty

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit...
  • Industry losses are expected to drop to $9.7 billion in 2022, an improvement from $42.1 billion in 2021.
  • The aviation industry was sent reeling by the pandemic, with passengers down by 50 percent in 2021.
Economy

UAE joins global clean energy partnership body

The partnership will enable access to a global hydrogen knowledge database and encourage cooperation with related initiatives and concerned entities.
  • Joining the global initiative will support the UAE's long-term policies related to energy and hydrogen
  • It will boost the UAE's stature as a leading contributor to the development of international policies related to hydrogen
Business

EDB to showcase its financing solutions at ‘Make it in Emirates Forum’

Emirates Development Bank (EDB) will participate in the first "Make it in the Emirates Forum" to be held on 21-22...
  • The forum is organized by the Ministry of Industry and Advanced Technology.
  • EDB is a key partner in the Ministry’s efforts to empower the industrial sector.
Economy

China’s import of oil from Russia jumps 55% in May

The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.
  • The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month
  • The number was also a spike from the 5.44 million tons China imported in May 2021
Science

China’s zero-Covid policy leaves a long trail of medical waste

Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that...
  • From Beijing to Shanghai, Shenzhen to Tianjin, cities are now home to an archipelago of temporary testing kiosks
  • Mass testing appears set to stay as Chinese authorities insist zero-Covid has allowed the world's most populous nation to avoid Covid spread

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

Company News

Latest News

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
Business

UAE vows full backing for GCC economic integration by 2025

Dubai, UAE - The United Arab Emirates (UAE) has reaffirmed its commitment to advancing the economic integration of the Gulf...
Economy

US interest rates in ‘good place,’ for now: Fed officials

The comments from three regional Fed presidents with a vote on setting interest rates will likely solidify expectations that the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Expansion may offer limited economic boost to BRICS

The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them,...
  • The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration
  • After expansion, the bloc will represent 30% of global GDP, 45% of the population, control 80% of oil production, and account for 16% of global trade by next year
Business

Qatar real estate trading crosses $143m in August 27-31 2023

DOHA, QATAR - The volume of real estate trading in non-residential sales contracts at the Department of Real Estate Registration...
  • The total sales contracts for residential units in the Real Estate Bulletin during August 27-31 reached US$75 million.
  • The real estate trading in sales contracts in the non-residential category during August 27-31 reached US$ 68 million.
Geostrategy

Saudi crown prince says ready for economic partnership with BRICS

DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...
  • The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
  • The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.