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.

Qatar and Estonia sign agreement to avoid double taxation

Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion. The agreement was...

Economy

Dubai Chambers, DP World partner to lure global investment to the emirate

Dubai, UAE--Dubai Chambers has signed a memorandum of understanding (MoU) with DP World to enable the chambers to leverage DP...

Economy
Business

Protests erupt in Lebanon against harsh economic policies

A group of engineers in Lebanon held a sit-in protest outside the Central Bank branch in Sidon, in conjunction with...
  • The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement
  • They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls
Business

3,000 new rooms added to Egypt’s total hotel capacity, says tourism ministry

Egypt has added 3,000 new hotel rooms to its total hotel capacity with the opening of 19 new hotel facilities,...
  • Construction of 19 new hotel facilities in several governorates has led to the creation of these rooms.
  • According to tourism ministry officials, the new facilities have created 2,500 job opportunities.
Economy

Dubai Supreme Council of Energy approves 2030 carbon strategy

The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.
  • The council approved the updated plans and objectives to reduce carbon emissions by 30 percent by the end of 2030
  • This move is expected to, among other things, support the UAE’s efforts to achieve carbon neutrality by 2050
Economy

Tunisia president dissolves top judicial watchdog

Kais Saied has concentrated all executive power since July 25, when he dismissed his Prime Minister and suspended parliament.
  • Tunisian President has dissolved a major independent judicial watchdog saying that the Superior Council of the Judiciary "is a thing of the past"
  • Tunisia was the only democracy to emerge from the Arab Spring revolts but civil society groups and Saied's opponents express fear of it in danger
Economy

Syrian opposition groups make new bid to unite against Assad

The political groups, now mainly based abroad, have seen their influence wane in recent years as Iran and Russia steadfastly...
  • Riad Hijab, who defected to the opposition when he was Assad's prime minister in 2012, did not say what mistakes had been made
  • However, his entourage said opposition parties had failed to communicate with ordinary Syrians and make themselves relevant to their daily battles
Geostrategy

Iran wants better relation with neighbors, says official

Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework...
  • President Ebrahim Raisi has time and again emphasized the development of mutual ties with neighboring countries, said the official
  • The country's Ministry of Foreign Affairs has put on agenda several programs regarding its neighbors nations
Business

Data cover: GCC sees rise in cyber insurance demand

Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such...
  • For the Gulf region, cyber insurance is still a viable and profitable proposition when compared to Europe, Asian and US markets
  • There has been an increase in demand from the SME and mid-market client pool as well as financial institutions in the region
Business

Iran says Russia will invest $83.58m in Sirik power plant

Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.
  • After discussions, the Russian Ministry of Finance agreed to invest in the 1400-megawatt (MW) gas-powered plant
  • Some seven Iranian companies are working in the project, employing 250 manpower directly and indirectly
Business

Iraq keen to benefit from Egypt: Central Bank Governor

Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...
  • Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones
  • Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"
Economy

QatarEnergy, partners announce oil discovery offshore Namibia

The consortium partners comprise QatarEnergy, Shell and National Petroleum Corporation of Namibia "NAMCOR".
  • The consortium partners comprise QatarEnergy, Shell and National Petroleum Corporation of Namibia "NAMCOR"
  • The partners will conduct analysis on the well data and further exploration activity to determine the full size and recoverable resource potential

Qatar and Estonia sign agreement to avoid double taxation

Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion. The agreement was...
Economy

Company News

Latest News

Iran clothing industry employs over 2m people: official

Tehran, Iran – The clothing industry in Iran which employs around two million people grew by 17 percent last year...
Economy

COP28 urges governments to make ‘food systems’ central to climate change

Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture...
Economy

Saudia Cargo signs deal with Jan de Rijk

It will enable Saudia Cargo to widen network in Europe.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Abu Dhabi Maritime signs MoU with ADNOC Distribution

It seeks to enhance emirate's coastal and marine locations.
  • The agreement between the two underscores the ongoing effort to strengthen Abu Dhabi's maritime sector
  • Director-General of Operational Affairs at the DMT said that "together, we will unlock the untapped potential of our shores"
Economy

Jordan and Algeria look to ramp up trade, parliamentary ties

Amman, Jordan--Jordan and Algeria are looking to boost trade and parliamentary relations to further enhance bilateral ties between the two...
  • The head of the Jordanian-Algerian Parliamentary Committee and Algerian ambassador discussed boosting of ties between the two countries
  • The ambassador reiterated her country's commitment to improving ties with the kingdom, adding that a tax-free customs zone will be set up in the near future
Economy

Ruwad approves financing for several projects in various sectors

Sharjah, UAE-- Ruwad, or the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), has approved the financing of three projects after...
  • In the second quarter of this year, Ruwad received some 102 application from projects for the Ruwad membership, of which 66 were approved
  • According to Ruwad, the food sector stood at top of the list that secured the membership during the second quarter of 2023