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.

Gulf nations embark on defense industry localization

Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...

Economy

Qatar looks to boost tourism sector by streamlining regulations

Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...

Business
Economy

Saudi Arabia, UPLink in deal to counter sustainable development issues

This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
  • The Saudi ministry seeks to explore the joint issues in the field of food security, food waste recycling.
  • The move is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
Business

Iraq allocates $2bn for Baghdad Metro project

Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...
  • Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
  • Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Business

Wall Street stocks rally first time in two months as inflation dips

Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about...
  • The Dow Jones Industrial Average climbed 1.8 percent, or about 575 points, to 33,212.96, a weekly increase of 6.2 percent
  • Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year
Geostrategy

Iran Revolutionary Guards say seized two Greek tankers in Gulf

Iran's Revolutionary Guards seized two Greek oil tankers in the Gulf Friday, days after Athens confirmed it would deliver to...
  • Delta Poseidon, one of the Greek tanker was sailing in international waters and second tanker was near the Iranian coast when seized
  • Greece has accused Iran of "piracy" and confirmed that nine Greeks were among the crews of the two vessels
Economy

UAE’s non-oil foreign trade surged to Dh527.5b in Q1-22

The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting...
  • The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting that exports have doubled over the past five years
  • Dr. Al Zeyoudi explained that the UAE's non-oil imports grew 25 percent during Q1-22 to AED292 billion, with re-exports hitting AED144 billion
Economy

Abu Dhabi tops list of capitals with least traffic congestion for 2021

The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion...
  • The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day
  • Abu Dhabi recorded 11 percent congestion level, reflecting the impact of the integrated traffic management plan implemented by the Department of Municipalities and Transport
Business

Tourism helps Saudi economy diversify away from oil

The kingdom eyes over 70 million visitors this year as the country jumps from 43rd to 33rd spot on the...
  • Developing the tourism sector is part of the kingdom's plans to diversify the economy away from oil, says Princess Haifa Al Saud
  • The kingdom plans to make the pilgrimage easier, especially after disruption caused by the Covid-19 pandemic, she highlights
Arts & Culture

Saudi Arabia launches 40% cash rebate for film productions

The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia.
  • The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia
  • The commission called on Saudi and international production companies that are planning to shoot in the oil-rich kingdom to apply for the incentive program
Economy

Three Saudi ports make world records on CPPI 2021

The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
  • The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
  • The King Abdullah Port ranks first on the list of 370 global ports, while Jeddah Islamic Port ranks eighth
Business

Agreement signed for new payment channels and services on AjmanPay app

Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the...
  • This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors.
  • It also complies with DoF’s efforts to develop innovative financial services that offer customers the facility to save their financial data.

Gulf nations embark on defense industry localization

Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...
Economy

Company News

Latest News

CEPA boosts UAE’s trade ties with key global players

“The country's foreign trade will continue to thrive due to these CEPAs. Agreements with Türkiye and Indonesia are slated for...
Economy

565 companies involved in ‘fake Emiratisation’ cases: UAE ministry

Dubai, UAE - The Ministry of Human Resources and Emiratisation (MoHRE) revealed that 565 companies were proven to have hired...

Second quarter GDP growth in US 2.1%, weaker than earlier estimates

Washington, United States - Economic growth in the United States was weaker than first estimated for the April to June period,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Equities extend gains on US jobs data, China rate cut hopes

The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as...
  • A separate report revealed consumer confidence falling owing to concerns about jobs, higher rates and lingering inflation.
  • The readings come ahead of the release of the Fed's preferred gauge of inflation -- the personal consumption expenditures price index -- this week.
Economy

Iran’s mineral reserves valued at over $15bn, says official

Tehran, Iran - Iran's in-situ and proven mineral reserves are now worth more than $15 billion,  the director general of...
  • The reserves encompass six different minerals comprising iron ore, lead and zinc, gold, copper, antimony, and coal
  • Discoveries include 100 million tons of iron ore concentrate, 79 million tons of gold concentrate, and 1.32 billion tons of copper concentrate
Business

Oil companies pay Insta, TikTok influencers for ads

Online celebrities best known for posting about video games are also dropping in unexpected plugs for gasoline stations, fuel rewards...
  • Analysts say companies are targeting young people on social media to shore up their oil and gas-based business even as countries seek cleaner alternatives to limit global warming
  • One gamer, who has 178,000 followers for her @chica account on Instagram, drew sighs of dismay with a recent post showcasing a new Shell-sponsored feature in video game Fortnite