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.

Investors’ forum discusses privatization scene in Saudi Arabia

Several investment companies and investors interested in privatization projects attended an investor forum organized by Saudi Arabia’s National Center for...
  • The forum was organized by the National Center for Privatization in cooperation with Riyadh Bank.
  • A series of opportunities are expected to be presented in the coming years, the Center said.

Jordan to supply Lebanon with electricity: Energy minister

Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250...
  • Under the agreement, Lebanon will be provided with about 150 megawatts of electricity from midnight to 6 am, and 250 megawatts during the remaining hours
  • The project will benefit the Jordanian electrical system as Lebanon will be supplied directly from the Kingdom's power transmission networks

Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021

The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...
  • Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
  • The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.

Sharjah Chamber and European Women Association to foster trade ties

The agreement also provides the exchange of commercial data and statistics
  • An MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
  • The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.

Solar power costs in US decreased 80% since 2009: DOE

The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community...
  • The price has dropped from a little less than $0.30 per unit in 2009 to around $0.04, according to a chart shared by the DOE
  • Federal incentives have spurred dramatic increases in solar deployment, according to the new report

EU overachieves 2020 renewable energy target

With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among...
  • With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among the EU Member States in 2020
  • The Member States that significantly exceeded their 2020 targets were Sweden, Croatia and Bulgaria

Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...
  • Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
  • On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow

GCC chief stresses importance of serving requirements of joint market

GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.
  • The GCC chief has stressed the importance of building a distinctive integrative trade and investment base
  • The base is expected to complete the requirements of the GCC joint market and develop GCC inter-trade relations

Over 50,000 joined consult ahead of new constitution in Tunisia

The consultation will last until March 20 with topics including politics, economics, finance, social, health, education, and cultural affairs.
  • Tunisia will intensify awareness campaign for national consultation so that more people can participate
  • The electronic platform for the consultations was fully launched on Saturday after it partially opened on January 1

Libya oil company chief appeals for state investment

The National Oil Corporation is trying "to maintain a level of production of 1.2 million barrels per day" but hopes...
  • The National Oil Corporation is trying "to maintain a level of production of 1.2 million barrels per day" but hopes for state investment in order to boost output
  • Libya sits on the largest known oil reserves in Africa, and is heavily dependent on revenues from its oil and gas exports

Vision 2030 empowers women in Saudi legal sector

"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...

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Egypt to resume exports of LNG by October: Tarek El Molla

Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...

UAE Corporate Tax: Workshop identifies conditions for determining taxable, exempt persons

Abu Dhabi, UAE - The conditions determining taxable and exempt persons, corporate tax rates and tax periods. were highlighted at...

Lebanese activists struggle against rampant beachside development

Amchît, Lebanon--In a pristine patch of Lebanon's north coast, a rare marine visitor has fueled opposition to a seafront development, in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

UAE and Egypt to boost cooperation in higher education, scientific research

Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific...
  • The Egyptian minister noted the depth of the ties across all levels between the two countries, especially in scientific, cultural and educational fields
  • The UAE official applauded the relations between the UAE and Egypt, noting the latter's role in the education field and stressing UAE's resolve to deepen ties

CBUAE Governor, IMF Managing Director explore areas for cooperation

Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways...
  • Balama and Georgieva discussed efforts by the IMF and central banks toward enhancing the integrity of the financial system and supporting global economic growth
  • The CBUAE's ambitious agenda for green financing, aligned with the UAE's strategy for sustainable economic growth and financial stability, was also a key topic of discussion

GCC, Central Asian states pledge to boost strategic ties

The two sides endorsed a comprehensive joint statement that called for the boosting of political and strategic ties and strengthening...
  • Both sides stressed the need for regional and international security and promotion of renewable energy sources
  • Pledges were made to invest in sectors like green economy, digital economy, innovation and green technology