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.

SAMA: E-payments share reached 70% of total payments in 2023

Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...

Economy

Digital innovation fuels surge in Iraq’s banking sector

"These banks excel not only in financial performance but also in adapting and innovating. Through partnerships with global entities like...

Opinion
Business

EWEC to conduct 4th Clean Energy Certificates Auction

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...
  • The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
  • Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Economy

FAO predicts increase in global food bill in 2022

FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...
  • FAO says global food import bill may reach a new record of $1.8 trillion in 2022
  • It says global production of main cereals would decline in 2022 for the first time in four years
Economy

Abu Dhabi, China’s Shandong to enhance cooperation

Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities
  • The MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings
  • It seeks to organize entrepreneurship, management consultancy training programs between companies
Economy

UAE, Philippines ink pact on mutual promotion, protection of investments

Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration.
  • Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration
  • The agreement also provides compensation for the investor if his investments are destroyed as a result of wars, conflicts, civil disobedience, or demonstrations
Economy

GCC, Korea discuss intra-trade during FTA talks

The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between...
  • The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between the two sides
  • Head of the GCC Negotiating Team, Abdurrahman bin Ahmed Al-Harbi stated that the agreements follow the directives of the leaders of GCC member states
Geostrategy

UAE tops Arab countries as best Foreign Direct Investment hub

The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in...
  • The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in 2021
  • The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020
Economy

Sustainability meets affordability at smart UAE homes

With proliferation of smart home technology and advanced Wi-Fi connectivity, a smart home is achievable to anyone, says Sharjah Sustainable...
  • With proliferation of smart home technology and advanced Wi-Fi connectivity, a smart home is achievable to anyone, says Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa
  • The UAE is proactively embracing digital technologies to promote sustainability and ensure that GCC remains well-positioned to evolve into a power-packed digital economy
Economy

Saudi Industrial Production Index rises by 26 percent in April

Saudi Arabia's Industrial Production Index (IPI) in April 2022 increased by 26.7 percent compared to the same month last year....
  • Growth attributed to the high production in mining, quarrying and manufacturing activity.
  • The IPI is an economic indicator that reflects the relative changes of the volume of industrial output.
Economy

UAE strengthens ties, strategic partnership with South Korea

The UAE Minister held a series of high-level meetings with government and business leaders in South Korea to strengthen bilateral...
  • The UAE Minister held a series of meetings with govt leaders in South Korea
  • The Minister held meetings with business leaders in South Korea
Economy

MEASA has world’s highest growth potential but untapped largely: Report

Middle East, Africa and Southern Asia (MEASA) has the world’s highest growth potential, according to a report by the New...
  • Over the last decade, MEASA GDP per capita has almost doubled in real terms, outpacing the growth of the rest of the world.
  • However, while this century's entire world population growth projected will originate from MEASA, yet it accounts only for 15 percent of global GDP.

SAMA: E-payments share reached 70% of total payments in 2023

Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...
Economy

Company News

Latest News

Middle East needs ‘New Deal’ to deliver for its 600 million people: IMF officials

Dubai, UAE - Middle East needs a ‘New Deal’ to deliver for its 600 million people more jobs, better education,...
Economy

Iraq signs deal with IFC to develop Baghdad International Airport

Baghdad, Iraq--Iraq has signed an agreement with the International Finance Corporation (IFC) - a member of the World Bank Group...
Economy

GCC Secretary General praises DCO role in digital transformation of Saudi economy

RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO)...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Two convictions in FIFA corruption scandal overturned by US judge

Miami, United States--Two convictions in the FIFA corruption case have been overturned by a US federal judge citing a recent Supreme...
  • The investigation, including raids on FIFA officials in Zurich, resulted in a series of arrests and trails and subsequent charges, convictions and guilty pleas
  • In a ruling on Friday, US district Judge Pamela Chen said a May Supreme Court decision meant that the convictions for wire fraud could not stand
Business

Tech’s carbon footprint: can AI revolutionize responsibly?

The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
  • In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.
  • Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.
Business

DEWA presses into service seven 132 KV transmission substations in H1

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has pressed into service seven new 132 transmission substations in the first half...
  • DEWA's MD and CEO, Saeed Mohammed Al Tayer, said that the total cost of electricity transmission network projects under construction exceeds $1.14bn
  • Al Tayer further revealed that the total number of transmission substations across Dubai reached 368 stations by the end of the first half of 2023