INSEAD Day 4 - 728x90

Economy

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

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

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...

Opinion

Iran and Russia to sign new contracts to develop oil, gas fields

Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...

Economy
Economy

Tunisia protests on revolution anniversary as economy spirals

Many Tunisians are tired of a system that is seen as graft-ridden and ineffective, and have welcomed the protests.
  • Tunisian President Kais Saied has prolonged his suspension of parliament until elections in December 2022
  • He also announced a nationwide public consultation to draw up a new constitution
Economy

‘2022 Iraq budget depends on formation of new govt’

The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day...
  • The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day of January 2022
  • Iraq is in the process of forming a new government following the recent election in which the cleric Muqtada al-Sadr’s movement Saeroon won the most votes
Economy

Fed official sees first US rate hike in spring 2022

Fed Governor Christopher Waller said the decision announced Wednesday gives policymakers the ability to respond quickly with an increase in...
  • The Fed earlier this week announced it will accelerate the end to its stimulus program after inflation last month saw its biggest jump in nearly four decades
  • Quarterly forecasts from Fed policymakers also released this week signaled the likelihood of three interest rate hikes next year
Economy

US$20bn Jeddah Central Project launched

The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.
  • The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah
  • It is expected to achieve an estimated added value of SR47 billion riyals for the Kingdom's economy by 2030
Economy

Arab forum discusses building capacity of cities to face climate change

The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction.
  • The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction
  • It also discussed new Arab vision towards urban development characterized by safety, justice, resilience and sustainability
Economy

Jordan secures €70m EIB soft loan to uplift water-use efficiency

According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about...
  • According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about 300,000 people
  • A water reservoir with a capacity of 30,000 cubic meters will also be built, to enable the Jordan Valley Authority to supply water to farmers in the dry seasons
Economy

IMF examines Lebanon’s financial losses before aid program

Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last...
  • The scope of the financial-sector losses of Lebanon are estimated at about $69 billion
  • An IMF team will travel to Beirut early next year to continue discussions for aid to the country
Interview

Jordan eyes investments with ICT growth

Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...
  • Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
  • Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs
Geostrategy

Strategies to enhance Dubai’s security ecosystem reviewed

Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.
  • Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem
  • Hamad Al Mansoori, Director General of Digital Dubai, said they are working to make the most of big data and tap its potential
Geostrategy

OPEC Fund announces $352m for global development operations

The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session...
  • Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030, including inaugural credit ratings.
  • The Strategic Framework 2030 is designed to diversify the OPEC Fund’s financial resources and deliver greater development impact

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...
Opinion

Company News

Latest News

Jordan, World Bank sign US$250m agreement to boost water efficiency

Amman, Jordan--Jordan and the World Bank have signed a $250 million financing agreement for a water sector efficiency project in...
Economy

Tunisia and EU sign ‘strategic’ deal on economy, migration

The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...
Geostrategy

Commercial transport sector added $4.38bn to Dubai economy, says RTA

DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General,...
Economy
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INSEAD Day 4- 300x600

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Economy

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...
  • Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent.
  • Clothing, shoe prices fell 2.9 percent, communication costs were down by 0.7 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...
  • UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.
  • Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries
Geostrategy

MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals

DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...
  • Established in 2012, the High-Level Political Forum is the UN’s central platform for the follow-up and review of the 2030 Agenda for SDGs at the global level.
  • The UAE delegation discussed ways to bolster mutual collaboration, strategic partnerships and knowledge-sharing, in line with MBRGI’s mission.