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 approves rise in energy, water efficiency programs

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...

Geostrategy

Middle East leads way in global methane mitigation

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....

Economy
Economy

Palestinians in Gaza give up higher studies for Israeli wages

Gaza, a Palestinian territory of some 2.3 million people under Israeli-blockade since 2007, suffers from an unemployment rate above 50...
  • And Israeli work permits have become a rarity for Palestinians in the last decade or so -- making the few on offer seem like gold dust.
  • Under current terms, workers from Gaza entering Israel are only covered for accidents if their Israeli employer agrees to pay for insurance.
Geostrategy

Hellscape in Mariupol as UN chief pleads for Ukraine

UN chief says that around 100,000 people in Mariupol have been forced to live in a complete blockade with no...
  • UN chief says that around 100,000 people in Mariupol have been forced to live in a complete blockade with no food, no water, no medicine
  • One group fleeing through humanitarian route from Mariupol were "captured by the occupiers", said Ukrainian President
Business

UAE accounts for 77% of GCC investments in Latin America over 2016-2021

Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent.
  • Saudi Arabia accounted for 22 percent of GCC investments to Latin America during 2016-2021, followed by Qatar with 1 percent
  • The report, titled Cultivating Ties: Deepening trade and investment between Latin America and the GCC, was issued ahead of the Global Business Forum Latin America 2022
Business

Pandemic aided digital adoption by UAE businesses: PayPal survey

Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital...
  • Survey analyses the impact of COVID-19 on small businesses, the key verticals of growth and the growing acceptance of digital payments
  • With adoption of digitalization, 41 percent of the respondents have seen increased purchases through social media channels
Geostrategy

Foreign children risk languishing in Syria for decades: charity

Save the children data showed that 18,000 Iraqi children and 7,300 minors from 60 other countries are stuck in Syrian...
  • Save the children data showed that 18,000 Iraqi children and 7,300 minors from 60 other countries are stuck in Syrian camps
  • United Nations data shows that around 56,000 people live in al-Hol, an overcrowded camp plagued by murders and escape attempts
Business

Vietnam experts see Middle East as promising market for country’s exporters

Vietnam has signed economic, trade and scientific-technological cooperation agreements with five GCC countries.
  • Vietnam has mostly traded with six member nations of the Gulf Cooperation Council in the Middle East region.
  • Trade between Vietnam and the GCC countries has surged from US$2.7 billion in 2012 to US$12.5 billion in 2021.
Economy

90 percent of Arab transactions made in six currencies: AMF director general

Six currencies account for 90 percent of transactions in the Arab world, said Dr. Abdulrahman bin Abdullah Al Hamidy, Director-General...
  • The currencies are the Emirati Dirham, the Saudi Riyal, the Egyptian Pound, the Jordanian Dinar, the US Dollar and the Euro.
  • Buna Payment Platform is the first regional cross-border and multi-currency payment system that supports Arab transactions in investment: AMF
Geostrategy

Kuwait, KSA agree on plan to develop joint offshore gas field

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.
  • The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company
  • The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries
Science

April 2 will be first day of Ramadan: International Astronomical Center

It will be possible to see the crescent with a telescope, but not the naked eye, from parts of the...
  • Seeing the crescent on Friday, April 1, is not possible with the naked eye from anywhere in the Islamic world
  • It can be viewed only through a telescope, but with great difficulty, from parts of Africa and the Americas
Economy

In fair phase-out of oil, gas-rich nations should stop first: Report

For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP...
  • The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming ‘well below’ 2C, and 1.5C if possible
  • A torrent of research since 2015 has confirmed that the lower aspirational target is by far a safer threshold

Dubai approves rise in energy, water efficiency programs

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...
Geostrategy

Company News

Latest News

UAE witnesses record 2.4m tourists in first six months of 2023

Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a...
Business

ADFD finances $105.4m energy security project in Tanzania

ABU DHABI, UAE -  The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of...
Geostrategy

CBUAE revokes licenses of currency exchange house, commercial broker company

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai Q1 GDP grows 2.8% on surge in transport, storage sectors

The transportation and storage sector was the biggest contributor to overall growth at 48 percent. This was followed by the...
  • Dubai’s growth in Q1 2023 is significantly higher than that of some of the most developed countries in the world. OECD countries recorded seasonally adjusted growth of 1.6%.
  • The accommodation and food services sector reported a 5.6 percent growth rate in the first quarter of 2023.
Economy

Residential prices, rents dip across Qatar as World Cup boost dissipates

Doha, Qatar - The residential property market in Qatar is grappling with a dual challenge of decreased demand and increased...
  • Lusail's Waterfront and Fox Hills districts have experienced the highest quarterly depreciation in average quoted rents for apartments
  • The office market in Qatar is grappling with a challenge of its own, with a widespread drop in average rental rates attributed to an oversupply of office space

Erdogan defends expansion of controversial coal mine

Dramatic scenes have emerged since July 24 when Akbelen forest in the Milas district of the Aegean province of Mugla...
  • Turkish President said the power plant needed to continue production with new coal basins as the existing reserves were close to depletion
  • Erdogan's comments come on the eve of a special session in parliament, currently on a summer break, to discuss the situation in Akbelen at the request of the opposition