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.

ENEC and General Atomics to collaborate on use of technology for nuclear energy

Abu Dhabi, UAE--The Emirates Nuclear Energy Corporation (ENEC) today announced that it has signed a Memorandum of Understanding (MoU) with...

Science

IMF chief urges countries to strengthen independence of central banks

"Financial stability benefits the whole economy and reduces the risk that the central bank becomes reluctant to raise interest rates...

Economy
Business

Jordan and Azerbaijan look to boost trade ties

According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period
  • The meeting also discussed the successful economic policies established by the Kingdom to support the private sector
  • It encourages foreign investment and provides more investment opportunities for companies wishing to invest in the Kingdom
Economy

Key Libyan oil export port closed amid shutdown ‘wave’

Libya's National Oil Corporation announced Monday the closure of operations in major oil fields after staff in the key export...
  • Declaring force majeure is a legal move allowing parties to free themselves from contractual obligations when factors such as fighting make meeting them impossible.
  • Zueitina is one of the four oil terminals in the so-called "Oil Crescent" region, and its closures will prevent Libya from exporting almost a quarter of its 1.2m barrels per day.
Economy

Morocco’s official reserve assets reach $33.39 billion on 1 Apr

Morocco's official reserve assets amounted to 329.1 billion ($33.39 billion) Dirhams on 1 April 2022, up by 8.2 percent compared...
  • During the week of April 7-13, 2022, the Dirham depreciated by 1.06 percent against the US Dollar and by 0.16 percent against the Euro.
  • On the interbank market, the average daily volume of trade stood at 4.2 billion Dirhams while the interbank rate stood at 1.5 percent on average.
Economy

Iraqi PM sets up workgroup to coordinate gas supply with Iran

Al-Kadhimi asked the workgroup to visit Iran and remove the obstacles hindering the supply of gas to Iraqi electricity power...
  • Al-Kadhimi asked the workgroup to visit Iran and remove the obstacles hindering the supply of gas to Iraqi electricity power plants
  • Earlier this month, Iraqi Electricity Minister Adel Karim had said that Iraq will need to import gas from Iran at least for the next couple of years
Economy

Jordan is regional hub for trade, investment: Minister

Jordan Minister of Investment, Khairy Amr, said the government seeks to turn Jordan into a destination for foreign and Arab...
  • Jordan Minister of Investment, Khairy Amr, said the government seeks to turn Jordan into a destination for foreign and Arab investments
  • He pointed out that the Ease of Doing Business report issued by the World Bank ranked Jordan among the 10 most reformed countries in the world
Economy

SEWA carried out 35 lighting projects during 2021

Dr. Eng. Hassan Al Zarooni, Director of the Electricity Distribution Department, said the projects support its efforts to achieve sustainability...
  • Dr. Eng. Hassan Al Zarooni, Director of SEWA said the projects aim for sustainability through energy conservation
  • This comes as part of the Sharjah’s efforts to design and implement road lighting networks in all regions
Economy

KSA converts its deposit with Central Bank of Mauritania into soft loan

The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic...
  • The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania
  • The support aims to contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels
Economy

China economy grows 4.8% in first quarter as virus bites

The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and...
  • China's GDP growth was better than expected at 4.8 percent on-year in the first quarter
  • But the data did not take in the gnawing impact of a weeks-long lockdown in Shanghai
Economy

Libya’s National Oil Corporation announces closure of Al-Fil oil field

Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south, declaring...
  • The closure comes after a group of individuals declared that they were halting production "until a government appointed by parliament takes office in the capital".
  • The firm said it "is obliged to declare a state of force majeure" and would no longer be able to provide crude to the Mellitah complex on the country's northwestern coast.
Economy

Wheat harvesting begins in villages of Oman’s Adam Wilayat

The Department of Agriculture and Water Resources in the Wilayat of Adam in the Governorate of A'Dakhiliyah has started harvesting...
  • The cultivation of wheat crop begins in Adam in November until March each year.
  • Wheat is harvested in a number of villages using modern machines instead of the traditional method.

ENEC and General Atomics to collaborate on use of technology for nuclear energy

Abu Dhabi, UAE--The Emirates Nuclear Energy Corporation (ENEC) today announced that it has signed a Memorandum of Understanding (MoU) with...
Science

Company News

Latest News

Hungarian companies want to expand work in Russia, says PM Orban

BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in...
Geostrategy

Carbon neutrality strategy to propel green transition

This ambitious strategy, commissioned by the ASEAN Member States and with the support from the Australia for ASEAN Futures (AUS4ASEAN)...
Economy

Indonesia president to participate in BRICS summit in South Africa

Jakarta, Indonesia--Indonesian President Joko Widodo departed for South Africa on Sunday to attend the BRICS summit in Johannesburg amid speculation that...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Saudi Arabia and Kazakhstan to boost environment, agriculture ties

Astana, Kazakhstan-- Saudi Arabia and Kazakhstan have pledged to strengthen cooperation in the fields environment, water, and agriculture. The strengthening...
  • The discussion happened during a meeting between President of Kazakhstan and Saudi Arabia's Minister of Environment, Water and Agriculture in Astana
  • Both leaders explored opportunities to boost trade in agricultural products, and discussed issues concerning environment, water and food security

Malaysia’s edible oil industry eyes Middle East market

As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing...
  • As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing demand for edible oils and fats
  • Enticing partnership prospects exist in the palm oil sector between Malaysian and Middle Eastern companies, with common halal food standards providing a strong foundation
Geostrategy

Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...
  • Masdar signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants.
  • Ethiopia is a key investment partner for the UAE in East Africa, as it has a large and emerging consumer market of over 100 million people.