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.

Eurozone business activity stabilizes in March

Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,...

Economy

GCC central banks hold rates steady, following US Fed

The Central Bank of the UAE kept the Base Rate for the Overnight Deposit Facility (ODF) steady at 5.40%, aligning...

Economy
Business

UAE Central Bank, Bank of Korea renew bilateral currency swap pact

The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and...
  • The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and up to KRW6.1 trillion for five years
  • "The agreement with the Bank of Korea contributes significantly to the development of financial markets in both countries,” Mohamed Balama said
Economy

Qatar, UK ink pact on food safety, environmental health

Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety...
  • Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety in Qatar
  • It provides a framework for enhanced cooperation in food safety research, particularly food contaminant and risk management analyses
Economy

Ferries resume between Morocco and Spain

A Spanish ferry docked in Morocco's Tangiers port Tuesday for the first time in two years, after a pandemic and...
  • Spain and Morocco reopened ferry links days after Spanish Prime Minister Pedro Sanchez visited the North African kingdom
  • The busy, 14-kilometre (nine-mile) route across the Strait of Gibraltar had originally been shut in March 2020
Economy

OPEC cuts 2022 world oil demand forecast due to Ukraine war

In a monthly report, the OPEC said world demand would rise by 3.67 million barrels per day (bpd) in 2022,...
  • In a monthly report, the OPEC said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast
  • The invasion in February sent oil prices soaring above $139 a barrel, the highest since 2008, worsening inflationary pressures
Economy

DMCC registers record 665 companies to its Free Zone in Dubai during Q1

Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed...
  • This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent year-on-year increase.
  • In the first quarter of 2022 alone, 16 percent of all company registrations were for crypto-related activities.
Economy

Sri Lanka declares $51 bn foreign debt as economic crisis worsens

Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.
  • Acute food and fuel shortages, as well as long daily electricity blackouts, have brought widespread suffering to the country's 22 million people.
  • The government has struggled to service foreign loans and Tuesday's decision comes ahead of negotiations for an International Monetary Fund bailout.
Business

Czech Republic delegation explores business opportunities in Bahrain

A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two...
  • The delegation expressed keenness on cooperating with the Bahraini private sector for investment in various sectors.
  • A minister said Bahrain welcomes all international investments and projects with added value to investment and investors.
Geostrategy

Oman becomes first GCC nation to ratify a treaty on rights of seafarers

Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The...
  • Maritime Labor Convention has become a worldwide reference for the maritime industry and a pillar of international maritime rules and regulations since its signing in 2006.
  • Guy Ryder, the ILO Director-General, said Oman, a longstanding maritime nation, has set an example for other countries in the region.
Geostrategy

Jordan plans to expand cultivation of wheat, barley

The plan includes allocating interest-free loan packages to farmers through the Agricultural Credit Corporation.
  • The plan includes allocating interest-free loan packages to farmers through the Agricultural Credit Corporation
  • Jordan Minister of Agriculture, Khaled Hneifat said the ministry will provide seeds to grow wheat and barley in alignment with the climatic condition of the cultivation areas
Economy

Qatar, Iran ink bilateral pacts in aviation sector

An agreement to increase the number of flights between Qatar and Iran was also signed.
  • An agreement to increase the number of flights between Qatar and Iran was also signed
  • A series of meetings were also held between the two sides to enhance cooperation in the transport sector

Eurozone business activity stabilizes in March

Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,...
Economy

Company News

Latest News

‘UAE’s humanitarian endeavors resonate globally’

"The UAE's humanitarian endeavors and diplomacy have resonated globally, exemplifying unity and camaraderie to pave pathways of hope. We have...
Economy

China’s investment rises 23% in BRI countries in Jan-July 2023

BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in...
Business

Stocks dragged further by US rate worry, China gloom

Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Saudi, Chinese companies, banks sign 12 pacts worth $1.33bn

Beijing, China - Saudi Arabian and Chinese companies and banks on Wednesday signed 12 agreements involving an investment exceeding $1.33...
  • The two countries focused on strengthening partnerships in urban infrastructure, housing, real estate development, and financing
  • Saudi Ministry of Municipal, Rural Affairs, and Housing is currently working with several Chinese companies on housing projects worth $800 million
Business

Dubai leverages AI robots in testing construction materials

Dubai, UAE - Dubai has started using robots that employ X-Rays and other latest AI technologies to carry out automated...
  • The technology shortens the duration of the tests from 4 days to 8 minutes, with a record daily increase in the ratio of samples examined to 650%
  • This will accelerate the process of submitting laboratory results to the consulting sector, ensuring the timely completion of the project stages according to their deadlines
Economy

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
  • Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.
  • Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.