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.

Ajman eyes endowment-driven growth, social solidarity

"Reports with statistics on the number, types, values, and uses of endowments enable us to make appropriate decisions regarding endowment...

Economy

Residential demand buoyed Qatar’s property sector in 2023

Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal,...

Economy
Economy

WTI surges 6%, Brent 5% on Ukraine invasion by Russia

WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06.
  • Traders will closely watch an OPEC+ meeting this week, led by Russia, where they will discuss plans for further output
  • The group has agreed previously to increase production gradually each month, but the Ukraine crisis could disrupt it
Business

UAE, Egypt sign reinsurance pact to bolster trade, economic cooperation

The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export...
  • The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export relations
  • The broad range of trade credit insurance amongst these two entities will mitigate risks they might encounter due to various political and commercial reasons
Economy

Riyadh confirms commitment to ‘OPEC Plus’ deal with Russia

Saudi Arabia confirmed its commitment to the OPEC+ agreement with Russia Sunday, the Saudi Press Agency reported, as Moscow faces...
  • Members of the OPEC+ oil producers' group will meet Wednesday to discuss loosening the taps -- just days after Russia's invasion of Ukraine sent crude soaring past $100 a barrel
  • The 13 members of OPEC proper will be joined by their 10 allies in the OPEC+ group at the teleconference meeting
Business

Dubai Maritime City launches $38m infrastructure project

Dubai Maritime City (DMC), DP World’s purpose-built maritime hub, announced the launch of a major project worth AED140 million ($38.1...
  • The project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
  • It includes developing networks for deep sewage, stormwater, fire, irrigation, potable water
Business

Aramco discovers four natural gas fields in Saudi Arabia

The exploration of natural gas will further enhance Saudi's status as the premium exporter of energy sources.
  • The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.
  • The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.
Economy

Tunisia allots $10.4m to ‘social and solidarity economy’

Tunisia has devoted a budget of 30 MD ($10.4m) to the social and solidarity economy for the next three years.
  • Minister of Employment and Vocational Training Nasreddine Nsibi said this during a seminar
  • The Minister stressed that the social and solidarity economy will allow the creation of new jobs
Economy

World Bank to support Iraq higher education with $5m

The World Bank (WB) announced that it would support the higher education sector in Iraq with an amount of $5...
  • The project of World Bank will support the Ministry of Higher Education and Scientific Research in Iraq
  • World Bank will also help to develop centers of excellence in sectors of agriculture and renewable energy
Economy

UAE non-oil foreign trade grows by 27 percent in 2021 to $517 billion

The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...
  • The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.
  • China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.
Arts & Culture

Forward-looking UAE museum looks into the future

The Museum of the Future along Dubai's main highway has been touted as the 'world's most beautiful building'.
  • Its organizers have said the visitors will be taken “on a journey of the year 2071”.
  • Many believe the Museum of the Future is UAE’s one more attempt to boost its soft power as a trading and tourism hub and to diversify its economy away from oil.
Economy

Meta and UAE’s initiative for SBMs launch ‘Boost with Facebook’ program

Meta and The Entrepreneurial Nation program have launched ‘Boost with Facebook’ program in the Emirates that is aimed at attracting...
  • The Entrepreneurial Nation, Ministry of Economy's initiative, helps entrepreneurs set up as well as expand their ventures through PPP.
  • There are around 350,000 SMBs in the UAE, accounting for 86 percent of the labor force in the private sector and making up over 60 percent of GDP.

Ajman eyes endowment-driven growth, social solidarity

"Reports with statistics on the number, types, values, and uses of endowments enable us to make appropriate decisions regarding endowment...
Economy

Company News

Latest News

Oman inflation spikes 2.8% in 2022, pushing up food prices

Muscat, Oman-- Oman's inflation rate increased by 2.8 percent in 2022 as the consumers price index (CPI) registered 109.7 points...
Economy

Riyadh, Jeddah among world’s least expensive cities

Key global reports list Saudi Arabia's Riyadh and Jeddah among the world's least expensive cities for living. TRENDS finds out...

Saudi Arabia aims for 30% marine reserves by 2030

Dr Faqeeha commends the G20's support for the global platform CORDAP (Collaborative Action on Coral Reefs and People), which was...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arts & Culture

Egypt energy-saving measures evoke satirical reaction among citizens

Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...
  • After 11 days of daily blackouts, Prime Minister Mostafa Madbouli ordered civil servants to work from home once a week.
  • He announced scheduled power outages at least through August, and proposed other solutions to Egypt's energy crisis.
Geostrategy

UAE urges collective action for sustainable development at G20 ministers meeting in India

DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
  • The UAE minister called upon G20 countries to fulfil their commitment to providing the pledged financial support for global climate initiatives.
  • She said that is only by collective action that the global community can achieve the worldwide emission reduction target.
Business

Dubai Customs clears TIR carnet transactions worth US$38.7m

DUBAI, UAE - Dubai Customs has, to date, processed 214 customs transactions worth US$38.7 million (AED142.2 million) under cover of...
  • Goods shipped under cover of the internationally accepted customs transit document do not require inspection at border crossings while in transit.
  • It provides a financial guarantee to pay the suspended duties and taxes. The guarantee system is managed by the International Road Transport Union.