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.

Dubai’s media revamp key to navigate new horizons

"There is a need to double efforts to develop a comprehensive blueprint outlining necessary policies to drive the media sector...

Economy

Regulated dollar transactions on the rise in Iraq, says central bank

With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically....

Economy
Economy

Saudi announces weekly international flights to NEOM megacity

Saudi Arabia's main airline will next month start operating weekly international flights from the kingdom's planned futuristic megacity known as...
  • The $500 billion Red Sea project is part of de facto ruler Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy
  • It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster with everything from flying taxis to robot maids
Economy

Global ESG assets could reach $50 trillion by 2025 : PIF Governor

Global environmental, social, and governance assets are expected to hit $41 trillion by the end of this year, and $50...
  • PIF is developing its ESG strategy due to its broader long term strategy aimed at achieving net zero emissions in the country by 2060.
  • The PIF governor also revealed that Saudi Arabia has launched seven solar and wind projects that could power 600,000 households.
Economy

56% decline in traffic accident deaths in Q1 of 2022: Sharjah Police

The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success...
  • The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success to traffic campaigns
  • He explained that the "Be careful and drive with caution" campaign, which was launched in February 2022, showed a decrease in the road fatality rate
Business

13 countries to join new Asia-Pacific trade framework: Biden

"The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said...
  • Joe Biden will make a formal rollout of IPEF later Monday with 13 countries joining the initiative which aims to offer US allies an alternative to China in Asia-Pacific
  • China has criticized IPEF as an attempt to create a closed club. Biden's national security advisor rejected the claim saying that, "it is an open platform"
Economy

More than 100 million people forcibly displaced: UN

Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the...
  • UNHCR said the numbers of forcibly displaced people rose towards 90 million by the end of 2021
  • The figures combine refugees, asylum-seekers, as well as more than 50 million people displaced inside their own countries
Geostrategy

WEF: UAE eyes end to global hunger through innovation

Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
  • Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
  • The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.
Business

Sharjah Consultative Council reviews plans to promote private sector

The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
  • Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
  • He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Economy

UAE unveils major structural change in educational system; appoints new ministers

Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...
  • Ahmad Belhoul Al Falasi has been appointed as the UAE's Minister of Education
  • The new structure in the education sector includes the Education and Human Resources Council, Federal Authority for Quality of Education and Ministry of Education
Economy

Iraq’s financial reserves may reach $40 billion by 2022 end: Official

Iraq's financial reserves are expected to reach $40 billion in case the current fiscal year ends without enacting a budget...
  • Mazhar Muhammad Salih, advisor to Prime Minister, said the caretaker government will work hard to support Iraq's food security.
  • Salih added that the annual government spending in the general budget constitutes nearly half of the gross domestic product.
Business

Qatar Chamber signs deal with Spanish firms to promote trade

Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...
  • There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
  • Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.

Dubai’s media revamp key to navigate new horizons

"There is a need to double efforts to develop a comprehensive blueprint outlining necessary policies to drive the media sector...
Economy

Company News

Latest News

Qatar’s trade balance surplus increases by 12.8 percent in July

Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus...
Business

GCC optimistic about FDI growth despite hiccups

Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic...
Videos

Renewables helped save $520bn fuel costs globally in 2022: Report

In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Sharjah to host Gulf-Iraq business forum to ramp up economic ties

Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the...
  • The business forum will look into boosting investment and trade ties between the GCC countries and business groups within Iraq
  • Iraq has been an old business and trading partner for the countries in the GCC region and the forum will seek to consolidate the cooperation
Economy

Saudi Arabia and Turkey to boost ties in industrial, mining sectors

The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies...
  • The two countries desire to ramp up mutual investments in the manufacturing sector
  • Turkish companies would attempt to obtain more shares of Saudi Arabia's projects
Economy

GCC shows economic resilience as inflation hits globe

GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth...
  • GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth across the region
  • Saudi Arabia's CPI is being driven by housing and food, the UAE experiences a sharp CPI drop due to transport costs, while Qatar sees its lowest inflation since July 2021