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.

Economic growth in Asia forecast to slow to 4.5 percent, says World Bank

Bangkok, Thailand--Asian economies are not doing as well as they could and growth in the region is forecast to slow...

Economy

US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...

Economy
Geostrategy

Syria’s climate-scorched wheat fields produce little

The country is among the countries most vulnerable and poorly prepared for climate change, which is forecast to worsen.
  • The trend is most evident in Syria's once-fertile northeast where wheat fields are drying to a crisp because of severe drought and low rainfall.
  • Before the war, Syria's wheat production was enough to meet local demand. Harvests then plunged to record lows, leading to increased dependence on imports.
Infographics

GCC sees rise in non-oil sectors’ contribution to GDP

The region's countries have embarked on ambitious transformative plans to reduce dependence on oil and diversify their economies.
  • The region's biggest economy, Saudi Arabia, unveiled its ambitious long-term strategy for the Kingdom, known as ‘Vision 2030’.
  • Since the price of oil has been volatile over the past few years, these countries have been exposed to economic disruption.
Economy

Qatar Central Bank strategy for FinTech to boost sector

Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...
  • Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
  • QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
Business

ADX and nine listed companies to attend investors meet in London

Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...
  • The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
  • ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Economy

Asian markets mixed as US jobs data give Fed room to hike rates

Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...
  • Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta
  • US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected
Economy

Commercial marinas to issue yacht sailing permits in KSA

Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...
  • Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
  • The initiative would ensure support for tourism development and enhance employment in the sector
Geostrategy

Western powers to censure Iran amid stalled nuclear talks

Major European countries and the United States are expected to seek to censure Iran when the UN atomic watchdog meets...
  • Iran has warned "any political action" by US and E3 group would "provoke without any doubt a proportional, effective and immediate response
  • The latest IAEA report said that Iran now has 43.1 kilograms (95 pounds) of 60-percent-enriched uranium
Economy

UAE President orders completion of AED2.3bn housing project

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that all housing grant applications will be processed in...
  • All housing grant applications will be processed in the next five years, says UAE's Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei
  • It includes housing grant applications submitted by applicants who are eligible under the Programme's terms and conditions, the minister adds
Economy

SALIC gets Saudi Grains Organization contract to supply wheat

The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said.
  • The SALIC, owned by the Public Investment Fund, was established in 2011 to secure food supplies for the Kingdom
  • The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said
Economy

Egypt to sign wheat-for-goods swap deal with India to fight shortage

Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons...
  • Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons of wheat
  • The Egyptian government has also in talks with the UAE, the US and western Europe in a bid to ease potential shortages

Economic growth in Asia forecast to slow to 4.5 percent, says World Bank

Bangkok, Thailand--Asian economies are not doing as well as they could and growth in the region is forecast to slow...
Economy

Company News

Latest News

China’s industrial sector posts robust growth in 2023

Beijing, China--China has reported robust progress in its industrial development this year, marked by significant milestones in several sectors, according...
Economy

Iran reports 15% surge in gasoline output

Tehran, Iran - Iran has reported a 15% surge in its gasoline output this year compared to last year. The...
Economy

Qatari economy records 2.7% growth in Q1 2023

Doha, Qatar – The Qatari economy has reported a growth rate of 2.7 percent during the first quarter of 2023...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Saudi Arabia and Singapore pledge to ramp up economic ties

Singapore-- Saudi Arabia and Singapore have pledged to enhance economic cooperation between the two countries and also reviewed the challenges...
  • The two sidies reviewed the state of their economic relations and also discussed the progress of Saudi Vision 2030 and its key programs
  • The Saudi finance minister met with an array of private sector players and Singaporean government agencies and discussed financial cooperation
Opinion

Logistics delivers boom with value-added services

"A top-tier, industry-specific enterprise resource planning (ERP) solution is vital for efficiently delivering these value-added services. Distributors grapple with supply...
  • The Middle East and African freight and logistics market is predicted to record a compound annual growth rate of about 6% between 2023 and 2028
  • To tap into growth opportunities in the region and for better results, distributors must consider incorporating value-added services into their strategies
Geostrategy

Grain deal in focus as Putin, Erdogan all set to meet

MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
  • Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea.
  • Turkey's foreign minister Hakan Fidan said on a visit to Moscow on Thursday that reviving the deal to ship Ukrainian grain across the Black Sea was "critical" for food security.