INSEAD Day 4 - 728x90

Economy

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...

Economy

Abu Dhabi targets 39.3 million visitors by 2030

Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...

Business
Business

ADGM invites public feedback on changes to commercial legislation

The Abu Dhabi Global Market (ADGM) has invited public feedback on the proposed amendments to its commercial legislation. As part...
  • As part of ADGM’s ongoing enhancement of regulatory framework, its Registration Authority (RA) is proposing changes, including the introduction of a late filing fees framework.
  • Rather than attracting a penalty, certain late filings will attract a late filing fee of $150 per month, capped at three months.

Sudan lifts state of emergency imposed since coup

Sunday's decision came after a meeting with senior military officials recommending the state of emergency be lifted and people detained...
  • Burhan who vowed to free political detainees arrested in the 2021 crackdown has now lifted a state of emergency to set the stage for talks among Sudanese factions
  • Military officials of Sudan recommended allowing the live TV unit of Al Jazeera to resume operations which was banned for "unprofessional" coverage of protests
Economy

Kuwait works with World Bank to implement national youth policy

The policy also aims to increase the number of beneficiaries from the capacity building programmes and measure the efficacy of...
  • The policy also aims to increase the number of beneficiaries from the capacity building programmes and measure the efficacy of the youth projects
  • The partnership has two axes - investment in human resources, and empowering the private sector to drive economic growth and create job opportunities
Economy

Equities make broad rally as China relaxes Covid curbs

Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some...
  • The gains extended a positive end to last week for global equities with some commentators saying there was a growing hope that the months-long sell-off may have run its course
  • May jobs data -- due for release on Friday -- should provide a fresh snapshot of the economy and possibly an idea about the Fed's next policy moves
Economy

Egypt looks to double exports to $100bn: PM

Egypt has set its eyes upon doubling exports to $100 billion in the next few years, and building a 'strategic...
  • Madbouly said the world is today witnessing governments and peoples suffering from inflation and high prices
  • He pointed out that integration and coordination with the UAE and Jordan will contribute to achieving an important part of self-sufficiency
Economy

UAE, Egypt, Jordan partner for sustainable economic growth

The countries allocated a US$10bn investment fund, to be managed by ADQ Holding, to accelerate the partnership objectives.
  • The countries allocated a US$10bn investment fund, to be managed by ADQ Holding, to accelerate the partnership objectives
  • The partnership seeks to enhance growth across food and agriculture, fertilisers, pharmaceuticals, textiles, minerals, and petrochemicals
Economy

Algorithm can sort out traffic mess: Israeli IT firm

Israel's traffic congestion ranks near the worst among developed economies but an algorithm can help, says one of the country's...
  • EcoMotion's founder Meir Arnon told AFP that surging global interest in smart mobility had made Israel an auto industry player
  • AI software collects real-time data from road cameras and then sends instructions to manipulate traffic lights based on vehicle flows
Business

Saudi Chambers, French group to cooperate in entertainment sector

The Federation of Saudi Chambers, represented by the Saudi-French Business Council, will host a key French delegation representing the entertainment...
  • The French delegation comprises 30 business owners and major French entertainment companies in the field of amusement parks, and manufacturing sports products.
  • Some 100 business owners and Saudi entertainment companies and the national entertainment committee at the federation could participate in the meeting.
Economy

Unemployment insurance to cut UAE business risk

The insurance is being hailed as a step in increasing the attractiveness of the UAE labor market and its ability...
  • The employees who lose their jobs will receive cash support for a period of time until the employee finds another job. 
  • The decision is significant given the fact that unemployment rate in the country is one of the lowest in the world.
Economy

Dubai ranks second globally in attracting FDI in creative economy

Dubai ranked first in the Middle East and North Africa (MENA) region and second in the world in attracting foreign...
  • Surpassing other major cities such as New York, Singapore and Berlin, Dubai improved its rankings from fifth in 2020.
  • In terms of the number of new jobs in the creative economy, Dubai held on to its top rank regionally and fourth globally with 6,204 new jobs created from FDI.

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
Economy

Company News

Latest News

DFM registers 34,800 new accounts in 8 months

Dubai, UAE - Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN),...
Business

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...
Economy

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...
Opinion
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn

TEHRAN, IRAN  – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four...
  • In the four-month period, Iran exported 8.161 million tons of non-oil commodities to ECO member states.
  • In the same period, Iran imported 1.394 million tons of goods, valued at $2.445 billion, from the ECO states.
Economy

Qatar’s Q2 2023 budget posts record surplus of US$2.7bn

DOHA, QATAR - The Ministry of Finance announced that the budget of Qatar for the second quarter of the year...
  • The surplus would be directed towards reducing public debt, raising the reserves of the Qatar Central Bank.
  • It would be used for enhancing the savings of future generations through the Qatar Investment Authority.
Business

Agri-Nutrients SABIC, US firms together support sustainable farming

RIYADH, SAUDI ARABIA -  Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high...
  • Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain.
  • Farmers will use SABIC's bio-fortified urea for the 2023 agri-nutrient season and enroll in ADM's Re:Generations program.