INSEAD Day 4 - 728x90

Economy

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Chinese leaders seek ways to boost economy in key event

Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...

Geostrategy

GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...

Economy
Economy

Tunisia saves more than $40 million since 2011 with solar installations

The total power installed since 2011 has reached 126 megawatts peak (MWp), resulting in a reduction in CO2 emissions by...
  • The total power installed since 2011 has reached 126 megawatts peak (MWp), resulting in a reduction in CO2 emissions by 394.5 ktonnes
  • In 2021, about 11,395 individual PV installations were set up, compared to 8,370 a year earlier, which is up 36 percent
Economy

Qatar ranks 2nd in Gulf countries on corruption perceptions index

The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness...
  • The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness Yearbook
  • The index uses a scale from zero to 100, with zero being the most corrupt and 100 the most transparent
Business

Morocco: Overall port traffic up 11.6% in 2021

Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...
  • The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
  • The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Economy

Turkey’s central bank governor fired over interest rates

Murat Cetinkaya, who was appointed to the role in April 2016, has been replaced by Murat Uysal, according to the...
  • Murat Cetinkaya, who was appointed to the role in April 2016, has been replaced by Murat Uysal, according to the decree published in the official gazette
  • President Recep Tayyip Erdogan has repeatedly railed against high interest rates and called for them to be lowered in a bid to stimulate growth
Business

Abu Dhabi non-oil trade in 11 months of 2021 totals $51.78 billion

The non-oil trade through Abu Dhabi ports during 11 months in 2021 amounted to AED190.20 billion ($51.78 bn), an increase...
  • Imports accounted for AED83.63 billion of the non-oil trade and non-oil exports for AED71.17 billion, an increase of 5.4 percent compared to the same period last year.
  • The re-exports were valued at nearly AED35.39 billion, an increase of 10 percent compared to 2020.
Economy

France’s economy posts fastest growth in 52 years

France's economy grew at its fastest pace since 1969 last year, official data showed Friday, enjoying a strong rebound from...
  • At 7.0 percent according to the Insee statistics institute, the 2021 growth beat forecasts from both economists and official bodies
  • But gross domestic product topped the final quarter of 2019 in October-December 2021, Insee said
Business

Tunisia allows digital sector firms to bid in convertible foreign currencies

The Central Bank of Tunisia (BCT) has authorized companies operating in the digital sector to bid for public tenders in...
  • Bidding allowed for tenders for imported hardware and software in 2022.
  • The authorization from the Central Bank of Tunisia came after a 'positive opinion' from the Ministry of Finance.
Economy

China’s property stress could shake global markets: IMF

A funding crisis battering China's big property developers could start to shake the wider economy and global markets, the IMF...
  • The International Monetary Fund's report comes as property firms in the world's second-biggest economy struggle with liquidity problems
  • Among those embroiled in the crisis is Evergrande, one of the country's largest developers, which is involved in restructuring negotiations
Economy

Dubai Metro cuts emissions by 2.6m tons, yields $31bn in benefits

Dubai Metro has eliminated about 1 billion private-vehicle journeys, yielded monetary benefits worth AED115 billion and reduced carbon dioxide emissions...
  • The Metro has eliminated about 1 billion private-vehicle journeys, said Mattar Mohammed Al Tayer, Chairman of the Board of Executive Directors of the Roads and Transport Authority.
  • Al Tayer said the metro network, which spans 74 km, had been completed in just four years. The total length of the rail network is about 101 km.
Geostrategy

Italy, UAE discuss the digital revolution in healthcare sector

With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the...
  • With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the forefront of telemedicine
  • The Innovation Talks are a platform to foster the dialogue between Italy and UAE initiated by the Embassy of Italy to the UAE last year

Chinese leaders seek ways to boost economy in key event

Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...
Geostrategy

Company News

Latest News

Eurozone witnesses steepest downturn in eight months in July

The painful PMI data comes as the European Central Bank is eyeing a further rate hike this week in its...
Economy

Abu Dhabi Maritime signs MoU with ADNOC Distribution

It seeks to enhance emirate's coastal and marine locations.
Business

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE president meets with Arab and EU leaders in Italy

The president met with a string of leaders from the Arab world and the European Union and discussed ways to...
  • The UAE has announced a contribution of US$100 million to support developmental projects in countries affected by irregular migration
  • The heads of the European Commission and the European Council, and the Tunisian president and Lebanese PM applauded the UAE for the aid
Economy

Tourism turns the Kingdom into a rising global star

In just few years, Saudi Arabia has leapt up the global rankings to become a leading destination for international tourists,...
Infographics

Strong growth key to GCC’s FDI appeal

Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...
  • The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.
  • The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.