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.

Over 105m people visit Dubai Mall in 2023

DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...

Business

Saudi Arabia takes the lead in global road connectivity rankings: minister

Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of...

Economy
Economy

Morocco to end flight ban, in place since November: Official

A government statement published by the country's official MAP news agency said that the ban would end on February 7.
  • A government statement published by the country's official MAP news agency said that the ban would end on February 7
  • The decision followed "the evolution of the epidemiological situation in the kingdom", the statement said
Economy

UAE launches ‘NAFIS’ to foster positive competition among its youth

The UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job...
  • The program will be steered by Emirati Talent Competitiveness Council (ETCC) in cooperation with the Federal Youth Authority.
  • The program targets Emirati talents and connects them with private sector firms which are searching for qualified Emirati professionals to fill the job vacancies.
Economy

UAE industrial exports in 2021 $33bn amid surge in new production

The significant increase in the UAE’s industrial exports coincided with 220 new facilities commencing production in 2021, said Minister of...
  • With the help of National In-Country Value (ICV) Programme, UAE pushed $11 billion back into the local market, the minister said.
  • UAE rose five places in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.
Business

Federation of Saudi Chambers calls for better Arab-Russia trade relations

Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations...
  • Chairman of the Federation of Saudi Chambers Ajlan Al-Ajlan recommends establishment of joint companies and an e-platform to promote Russian and Arab products.
  • Al-Ajlan also stressed the importance of overcoming financial and banking obstacles and stimulating Russian banks to open branches in Saudi Arabia.
Business

Crown Prince Salman-headed Group to develop Saudi gaming industry

Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks...
  • Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of 25.
  • Saudi Arabia's games market reached $1 billion in 2021, the highest value among the Arab countries of the Gulf.
Geostrategy

UAE launches assessment of proliferation financing risks

The United Arab Emirates' Executive Office for AML/CFT and the Executive Office of the Committee for Goods and Materials Subject...
  • The assessment was initiated in recent weeks and is expected to be completed by the end of 2022.
  • The risk assessment will cover how financial resources may be used to develop nuclear, chemical, and biological weapons.
Economy

Lebanon to import power from Jordan via Syria to boost ailing grid

The agreement signed by Energy Minister Walid Fayad with his Jordanian and Syrian counterparts is expected to give Lebanon two...
  • Lebanon has not had round-the-clock mains electricity since the end of the 1975-1990 civil war.
  • But an unprecedented financial crisis has led to power cuts lasting 22 hours a day, forcing most Lebanese to rely on expensive private generators.
Economy

Dubai supports expansion of financial markets in UAE : Minister

Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed...
  • Dubai Finance Minister Sheikh Maktoum bin Mohammed bin Rashid said Dubai Mercantile Exchange (DME) was able to gain the confidence of major oil producers.
  • DME is located within the Dubai International Financial Centre (DIFC), a financial free zone designed to promote financial services.
Economy

Turkey and Greece count the political cost of blizzard

Turkey's main airport stirred back to life on Wednesday and Greece's under-fire prime minister issued a formal apology as the...
  • Public anger has been boiling over in both countries over officials' seeming helplessness in the face of one of the heaviest snowstorms in years
  • The Greek government woke up on Wednesday to newspaper headlines lamenting a "fiasco"
Business

Jordan, Tunisia discuss economic cooperation

The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.
  • The meeting was attended by Secretary-General of Jordan’s Ministry of Industry, Trade and Supply Dana Al-Zoubi
  • Head of the Cabinet of Minister of Trade and Export Development in the Tunisian Ministry of Trade, Khaled bin Abdullah, also attended

Over 105m people visit Dubai Mall in 2023

DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...
Business

Company News

Latest News

Electric vehicles, lithium-ion, solar batteries become new drivers of China’s foreign trade

Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles,...
Economy

Saudi Arabia to host MENA Climate Week in October to ‘assess progress’

Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the...
Economy

Gulf economies pivot towards China: Multi-billion dollar investments strengthen relations

Economic ties between China and the Gulf region's largest economies, Saudi Arabia and the UAE, have surged since President Xi...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Market Report

Asian markets swing as US jobs data disappoint

Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two...
  • Data recently pointed to a weakening in the US economy that would help ease inflation, the Fed has said it needed to see more softening in the jobs sector.
  • This week's stumble follows a rally last week when a faster-than-expected slowdown in US inflation stoked hopes the Fed could end its rate hikes. .
Business

Saudi Arabia’s PIF sets up Sawani Company for camel dairy industry

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced the establishment of Sawani Company to enable the growth of...
  • The company aims to be a leading producer of camel dairy products, supporting Saudi Arabia’s wider food and agriculture sector.
  • Sawani will work in partnership with the private sector to boost the production capacity of the camel dairy industry.
Opinion

Erdogan’s visit a game-changer for Turkish-Gulf ties

For the wealthy Gulf states, combining their resources with Turkiye's defense and industrial achievements will produce lasting benefits not only...
  • Erdogan's visit was aimed to boost economic relations and tackle Turkey's economic challenges, writes Turkish Professor Ibrahim Karataş
  • Major agreements were signed with Saudi Arabia and the UAE, with a strong focus on defense and economic cooperation, he adds