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.

Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned

Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah...

Economy

Masdar completes acquisition of 49% stake in Dogger Bank South project

Abu Dhabi, UAE--Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3...

Economy
Videos

Which are priority sectors in 2022 Saudi budget?

With the worst of the repercussions of Covid-19 expected to be in the rearview mirror, there are some specific sectors...
  • Saudi Arabia has since 2016 started a wide-ranging program to diversify its economy to end its dependence on oil
  • For example, it has seen investment to the tune of $1 trillion in the infrastructure and real-estate front alone
Economy

Climate crisis puts oil in the crosshairs, but dependence persists

The International Energy Agency warned in May that an immediate halt to new investment in fossil projects is needed if...
  • Fossil fuels, represent 80 percent of energy consumed, and were explicitly blamed for driving climate change at COP26
  • This was not the case when the Paris climate pact was reached in 2015
Economy

Qatar gave $45m in zakat to eligible families in November

Those wishing to request assistance from the fund can visit its website, and view, fill, and upload the required documents.
  • The aid included both periodic and lump-sum amount, and disbursed by the fund's management to the eligible families
  • Zakat performers can pay their zakat via the Zakat Fund website , offices, and collection points
Business

UAE, Morocco discuss cooperation in investment and economy

The two sides talked about Expo 2020 Dubai and the importance of the Arab countries' participation therein.
  • The discussion took place in a meeting between UAE Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan and Morocco Prime Minister Aziz Akhannouch
  • They are also said to have reviewed the latest developments in the Arab region and exchanged views over a number of regional and international issues of common interest
Market Report

Gulf stocks rebound after selloff

The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.
  • The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020
  • Saudi index gained 0.6 percent on Thursday backed by a 0.9 percent rise in Al-Rajhi Bank
Economy

Iraq owes no more than $5bn to World Bank and IMF: Official

The economy of Iraq depends upon oil as it constitutes 45 percent of the GDP and affects about 80 percent...
  • The World Bank loans in particular are long-term and have grace periods of about six years, extending up to 14 years
  • The World Bank Loans are 'similar to the interest of the London markets on dollar lending transactions'
Economy

UNRWA calls for long-term funds to help refugees in Palestine

UNRWA Commissioner-General Philippe Lazzarini has acknowledged that stagnating donor funding for close to a decade remained below the amount needed...
  • As of now, more than 5 million Palestinians have registered with UNRWA as refugees
  • They are spread across the West Bank, including East Jerusalem, the Gaza Strip, Lebanon, Syria, and Jordan
Economy

Omicron surge pushes Morocco to extend flight ban

The restrictions have dealt a punishing blow to the North African country's vital tourism sector.
  • Morocco imposed the measure to run initially from late November until December 31
  • This, despite a mechanism being in place for Moroccan citizens stranded abroad to come home
Economy

Jordan forms committee to modernise public sector

The committee will be chaired by the Prime Minister and number of ministers, specialized officials, experts who have experience and...
  • The committee will be chaired by the Prime Minister and number of ministers, specialized officials, experts who have experience and expertise in public administration
  • The Prime Minister said that modernising the public sector has become a necessity as a major lever for economic reform related to modernising the political system
Economy

US bans Xinjiang imports, forcing firms to navigate sticky diplomacy

The new law bans the import of all goods from the region unless companies offer verifiable proof that production did...
  • The new law bans the import of all goods from the region unless companies offer verifiable proof that production did not involve forced labor
  • The vote came despite lobbying by US firms, many of which are heavily dependent on Chinese suppliers

Unit 4 of UAE’s Barakah Nuclear Energy Plant commissioned

Abu Dhabi, UAE - The Emirates Nuclear Energy Corporation (ENEC) on Friday announced that its operating and maintenance subsidiary, Nawah...
Economy

Company News

Latest News

Israeli court orders government to release seized Palestinian boat

GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...
Geostrategy

Prices for utilities, fuels rise 9 percent in June in Saudi Arabia

RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent...
Economy

UNDP says over US$14bn needed to mitigate global surge in poverty

NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Morocco, Shell sign 12-year natural gas deal: ministry

Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in...
  • The agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco, the value of the 12-year deal has not been disclosed
  • In the initial years, the gas will be delivered through Spanish ports and the Maghreb GME, It will eventually be delivered through planned Moroccan LNG terminals
Economy

Modi’s visit: India, UAE sign pact to trade in local currencies

Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...
  • CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers
  • The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks
Economy

UAE, India join forces to bolster new economy sectors

"The Emirati-Indian economic cooperation is gaining increasing momentum in sectors of the circular economy, tourism, aviation, entrepreneurship, small and medium...
  • The collaboration between India and the UAE aims to boost the GDP of both countries by empowering startups, says UAE's Minister of Economy Abdullah bin Touq Al Marri
  • The countries vow to expand cooperation in areas such as the circular economy, aviation, SMEs, renewable energy, technology, digital transformation, and transportation, he adds