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.

UAE’s global investments grow amid economic crisis

"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or...

Economy

Passenger air traffic has surpassed pre-pandemic levels: ICAO

Montreal, Canada--The International Civil Aviation Organisation (ICAO) projected that passenger air traffic levels will be around 2 percent higher In...

Economy
Geostrategy

France says EU deal on Russia oil embargo possible this week

The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted...
  • New discussions on the Russian oil embargo are expected to be held between European leaders by telephone on Tuesday
  • It will involve French President Emmanuel Macron, EU Commission President Ursula von der Leyen, and Hungary's Prime Minister Viktor Orban
Geostrategy

Russia shells Ukraine’s Odessa as US pledges fresh arms for Kyiv

Russian President Vladimir Putin has said the West and Ukraine are responsible for the ongoing war, telling his country's Victory...
  • A Russian airstrike in Odessa killed one and destroyed buildings and a shopping center, hours after the European Council president visited the war-torn country
  • The US resurrected a World War II measure to aid Kyiv, opening the spigots on artillery, anti-aircraft missiles, anti-tank weapons, and another powerful Western materials
Analysis

‘Workplaces must prioritize mental health’

In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...
  • People tense or stressed at work are more than three times likely to plan to look for a new job
  • In contrast, employees who feel supported are more likely to stay, lowering turnover costs
Geostrategy

UN says ‘imminent’ Yemen oil spill would cost $20 bn to clean up

The United Nations warned Monday that it would cost $20 billion to clean up an oil spill in the event...
  • The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1m barrels of crude on board, has been moored off the rebel-held Yemeni port of Hodeida since 2015
  • The UN official had earlier announced on Twitter that the Netherlands would host on Wednesday a pledging conference for the international body's plan to avert the crisis
Market Report

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors...
  • Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly $69,000
  • Traditional investors have been offloading bitcoin and other digital tokens along with other volatile assets like tech stocks
Economy

UAE increases Emiratisation rate to 2 percent annually

NAFIS, the federal program aims to increase the competitiveness of the Emirati workforce and to facilitate the private sector.
  • NAFIS, the federal program aims to increase the competitiveness of the Emirati workforce and to facilitate the private sector
  • The incentives include reducing the service fees of the private sector establishments which recruit and train Emirati citizens by 80 percent
Economy

Oil, stimulus packages revive Arab world’s growth

The growth rate of Arab economies is expected to increase to around five percent in 2022 on the back of...
  • The GCC countries' growth rate is expected to hit 5.8 percent in 2022, up from 3.1 percent in 2021
  • In 2023, the Arab countries as a group are predicted to develop at a rate of around four percent
Economy

Saudi fights to lead ‘saturated’ MidEast aviation market

Saudi Arabia on Monday pitched aviation industry leaders on its plans to become a global travel hub, drawing scepticism from...
  • The kingdom's aviation goals, part of "Vision 2030" reforms, include more than tripling annual traffic to 330 million passengers by the end of the decade.
  • It also wants to draw $100 bn in investments to the sector by 2030, establish a new national flag carrier and construct a new "mega airport" in Riyadh.
Business

Arabian Travel Market 2022 kicks off in Dubai

The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest...
  • ATM 2022 is part of Arabian Travel Week, a 10-day festival of travel and tourism events taking place in Dubai
  • It provides a vital platform for tourism and travel industry leaders in the Middle East
Infographics

GCC central banks confront surging inflation

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most...
  • Qatar had the highest rate of inflation in the Gulf Cooperation Council region.
  • At 2 percent, the region's largest economy, Saudi Arabia, had the lowest inflation rate.

UAE’s global investments grow amid economic crisis

"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or...
Economy

Company News

Latest News

Saudi Arabia’s archeologists make ‘significant’ discoveries at Al Abla site

Riyadh, Saudi Arabia--Saudi Arabia's Heritage Commission has announced significant discoveries made at the Al-Abla site in Asir region during the...
Arts & Culture

UAE-Hungary Political Consultations Committee discusses boosting cooperation

Budapest, Hungary--Senior officials from the UAE and Hungary met in Budapest on 22nd August for the inaugural round of the...
Geostrategy

DP World to invest $510m to develop mega-container terminal in India

New Delhi. India - DP World on Friday signed a concession agreement with the Deendayal Port Authority to develop, operate...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

US Federal Reserve prepared to raise interest rates further

The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...
  • After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
  • The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.
Economy

Lebanon central bank declines to address nation’s deficit through lending

Beirut, Lebanon -- Acting Lebanese Central Bank Governor Wassim Mansouri has said the bank will not be providing government lending...
  • Acting Lebanese Central Bank Governor Wassim Mansouri said it will apply to both Lebanese lira and US dollar.
  • Mansouri assured that public sector employees would receive their wages for the current month in US dollars, with an exchange rate set at 85,500 liras.
Business

Borouge’s PP5 unit generates $209m sales in H1 2023

ABU DHABI, UAE - Borouge's Chief Operating Officer Dr. Hasan Karam has said the fifth polypropylene unit (PP5) played a...
  • Demand for products made from polypropylene is set to rise in the coming decades thanks to its versatility and recyclability.
  • Polypropylene market in Asia, Africa and the Middle East is valued at $10 billion and is predicted to grow by 5.5 percent annually.