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.

Investment and innovation behind Qatar’s tech success

Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...

Economy

UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil

Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...

Economy
Geostrategy

GCC Summit issues Riyadh Declaration

The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.
  • They Gulf leaders seek to enhance solidarity and stability among GCC member states
  • The Supreme Council will hold its 43rd session under Oman’s presidency
Geostrategy

Cooperation, security remain focus of GCC summit

The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.
  • The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
  • The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
Economy

IEA sees ‘more comfortable’ year for oil market in 2022

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable"...
  • The IEA said it had revised downwards its forecast for global oil demand by an average of 100,000 bpd for 2021 and 2022.
  • The surge in new Covid-19 cases is expected to temporarily slow, but not upend, the recovery in oil demand.
Economy

Jordan, USAID sign two agreements worth $597m

Jordan Minister of Planning and International Cooperation Nasser Shraideh and USAID Jordan Mission Director Sherry Carlin signed the agreements.
  • Jordan Minister of Planning and International Cooperation Nasser Shraideh and USAID Jordan Mission Director Sherry Carlin signed the agreements
  • Under one of the agreements, the US government will transfer the second and final installment, of $245 million from its $845 million US cash grant to the Kingdom in 2021

Russia vetoes UN resolution on climate change as global security threat

China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than...
  • China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than international security
  • The resolution had called on the UN chief to report within two years "on the security implications" of climate change on issues addressed by the Security Council
Economy

CBUAE mulls Emiratisation of leading banking, insurance professions

The proposal was mooted at the apex bank's fifth board meeting chaired by Sheikh Mansour bin Zayed Al Nahyan, Deputy...
  • The board approved the CBUAE's projected budget for the year 2022
  • The bank also approved criteria of the UAE banks' loan exposure to realty sector
Business

Trade between Mexico and UAE grew by 38 percent in last five years

Mexico-UAE bilateral trade has witnessed an approximate 38 percent upsurge in the past five years (2016-2020), a senior Mexican official...
  • The bilateral trade between 2016 and 2020 registered an average annual growth rate of 6.7 percent, from $511m in 2016 to $705.1m in 2020.
  • Mexico has the capacity to be a strategic partner for it in the agri-food sector, said Martha Delgado Mexican Vice Minister for Multilateral Affairs.
Economy

Abu Dhabi Investment Office concludes investor interaction program

The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series...
  • A series of six inaugural events by its international offices discussed expansion opportunities to the UAE capital.
  • ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organized an event.
Economy

Loubnany platform launches next month, will promote Lebanese economy

An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...
  • The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
  • The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Economy

Iran to expand agricultural ties with European Union

“Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s...
  • “Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s employment,” an Iranian official said
  • Another priority for the ministry is designing and improving a national agricultural research plan, the official added

Investment and innovation behind Qatar’s tech success

Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...
Economy

Company News

Latest News

UAE and Mozambique sign MoU to improve ‘work cycle’ for workers

Dubai, UAE--The UAE and Mozambique have signed a memorandum of understanding (MoU) in the field of workforce to improve the...
Economy

Dubai Customs and Japan’s consulate discuss expansion of trade ties

Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries...
Economy

Qatar hosts over 2m visitors in first half of 2023

Doha, Qatar -  Qatar Tourism said on Thursday that the country received more than two million visitors during the first...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

UAE, French ministers review ties, economic cooperation

Abu Dhabi, UAE - The United Arab Emirates and France reviewed the prospects of growing bilateral trade exchanges and advancing...
  • Two sides discussed investment exchanges in innovative startups, circular economy, tourism, technology, family businesses, renewable energy and agriculture
  • The prospects of accelerating the existing partnership and economic cooperation between the two countries also featured high during the meeting
Geostrategy

Egypt, Ethiopia to finalize deal on Nile dam in four months

The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...
  • The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"
  • Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements
Business

OPEC anticipates 2.2% growth in oil demand in 2024

Vienna, Austria - OPEC Thursday predicted world oil demand to grow by a healthy 2.2 mb/d, to 104.25 mb/d in...
  • In its Monthly Oil Market Report, the OPEC said the World GDP growth in 2024 is forecast at 2.5 percent, slightly below this year’s expected growth level of 2.6 percent
  • The world economic growth in 2023 is to remain broadly unchanged at 2.6 percent, with the initial forecast for 2024 economic growth expected at 2.5 percent