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.

Saudi Arabia takes part in global mineral and mining meet in Canada

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

Business

Saudi inflation rises to 1.8% in February

RIYADH, SAUDI ARABIA –   Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...

Economy
Economy

Saudi inflation shoots up to 1.6%, fueled by higher food cost

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for...
  • Inflation for January stood at 1.2 percent. In February, prices for gasoline 91, gasoline 95 and diesel grew 26.7 percent, 25.9 percent and 21.1 percent year-on-year, respectively
  • The annual growth in prices for the transportation sector as a whole slowed to 4.3 percent in February from 4.9 percent in January
Economy

Saudi Arabia to inject $152 billion into economy by 2030

Saudi National Development Fund will inject SR570 billion ($152 billion) in the Kingdom’s economy by 2030, Saudi Arabia’s Crown Prince...
  • The Crown Prince said that it will contribute to tripling the share of non-oil GDP to SR605 billion over the same period
  • NDF, through its funds and development banks, will increase the participation of the private sector in the GDP by three-folds by 2030
Geostrategy

Ukraine launches website for cryptocurrency donations

On the “Aid for Ukraine” website, users can currently offer donations in 10 cryptocurrencies, including Bitcoin, ether, tether and dogecoin.
  • On the “Aid for Ukraine” website, users can currently offer donations in 10 cryptocurrencies, including Bitcoin, ether, tether and dogecoin
  • “Cryptocurrencies play a significant role in Ukraine’s defense,” Oleksandre Borniakov, Ukraine’s deputy minister of Digital Transformation, said in a statement
Geostrategy

Israel vows not to bypass Russia sanctions as meditation continues

Israel, which maintains close ties with both Russia and Ukraine, has been facing growing criticism from Washington and Kyiv over...
  • Israeli PM spoke with Putin over a call on Monday that lasted 90 minutes after speaking with Ukrainian President on Saturday
  • On Friday, Victoria Nuland from US administration has urged Israel to join Western sanction to punish Putin's aggression
Geostrategy

KSA, Greece partner to support growth of digital economy

The two countries discussed cooperation in establishing an advanced digital infrastructure.
  • The two countries discussed cooperation in establishing an advanced digital infrastructure
  • Partnership was reviewed between Saudi IT Minister Eng. Abdullah bin Amer Al-Sawaha and the Greek minister Adonis Georgiadis
Infographics

GCC countries lead the world in remittances

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.
  • Member nations of the GCC have always had a healthy representation of immigrants in their workforce
  • As a result, these countries also see some of the largest amount of remittances sent out of them
Economy

Morocco to support transporters during fuel price spike

The Moroccan government faced weeks of pressure over rising prices, in a country heavily dependent on imports of energy and...
  • The Moroccan government faced weeks of pressure over rising prices, in a country heavily dependent on imports of energy and cereals
  • Both oil and wheat prices surged due to Russia's invasion of Ukraine, although oil fell back on Monday
Investigation

Solar switch may put off electricity crisis in Lebanon

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
  • Between $1.5bn and $2bn is lost in Lebanon's energy industry every year as state treasury pays over $50bn in advances to Electricité du Liban
  • The country’s electrical network sees 3500 megawatts demand while only 2,000 megawatts is produced, says energy expert Ahmed Daher
Business

UAE e-commerce hits $5bn in 2021, may surpass $8bn by 2025

E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025,...
  • More consumers in the UAE made online purchases across all categories during 2021, compared to 2020, with 75 percent of respondents typically purchasing online.
  • The UAE and Qatar are on top, with GDP-per-capita above $40,000 and internet penetration above 90 percent.
Business

Startups in UAE capitalize on corporate reforms

New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and...
  • Corporate reforms will make more people try entrepreneurship in the UAE, say businesspersons
  • The UAE recognizes that high levels of technical skills proficiency are essential to thrive in the digital economy

Saudi Arabia takes part in global mineral and mining meet in Canada

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
Business

Company News

Latest News

CEPA signed with UAE is a special achievement: Indian minister

New Delhi, India--The Comprehensive Economic Partnership Agreement (CEPA) signed with the UAE and operationalized last year is a “special achievement...
Economy

Protests mark Beirut blast anniversary as justice eludes victims’ families

Hundreds of protestors marched alongside victims' families demanding long-awaited justice as the country marked three years since one of history's...
Geostrategy

Emiratis make up 74% of Federal Authority for Nuclear Regulation workforce

Abu Dhabi, UAE-- In 2022, Emiratis represented 74% of the Federal Authority for Nuclear Regulation (FANR) 248 employees. FANR continues...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

UAE 2023 growth prospects face least risk in Middle East, Africa

Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to...
  • The GCRI risk score in the MEA region has increased continuously for six quarters until Q1 2023, signaling a deteriorating situation.
  • UAE, Saudi Arabia, Kuwait and Qatar are among the top five low-risk countries in the region, while Syria, Libya and Yemen are among the 10 high-risk countries.
Business

Saudi capital market institutions post record 2022 net income

Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase...
  • The retained profits in capital market institutions reached a record high of SAR 60.34 billion, an increase of 39.17 percent.
  • The profits of capital market institutions surged to highest ever SAR 12 billion due to a 26 percent increase in revenues in 2022.
Business

Empower H1 2023 revenue at $333m

The company’s EBITDA in H1 2023 was US$178 million.
  • In the July 2022 to June 2023 period, Empower’s consolidated revenue was US$778 million.
  • Empower CEO said the firm continues to expand investments in its portfolio of assets and infrastructure.