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.

WTO ministers struggle to forge deals as talks go into overtime

ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...

Geostrategy

Abu Dhabi sees 67% annual rise in number of AI company registrations

Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...

Economy
Economy

Oman revenues to rise 6% in 2022, with oil at $50

Oil and gas returns are set to comprise 68 percent of total revenues, against 32 percent for non-oil and gas...
  • Preliminary indicators of Oman’s budget this year point to the possibility of achieving the lowest deficit since 2014, despite oil-price fluctuation
  • The budget deficit in 2022, estimated on the basis of $50 a barrel, would stand at RO1.5 billion ($3.9 billion)
Economy

Thousands protest in Istanbul against worsening economic situation

More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value...
  • More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value of the Turkish lira and the rate of inflation
  • The inflation rate, according to official figures, reached 21.31 percent on an annual basis during November in Turkey
Economy

Jordan endorses tourism national strategy as pandemic abates

Nayef Fayez, tourism minister, said tourism in 2021 saw an improvement, especially in the second half of the year.
  • Nayef Fayez, tourism minister, said tourism in 2021 saw an improvement, especially in the second half of the year
  • Fayez highlighted the strategy to attract more tourists to the country was developed in partnership with the private sector
Geostrategy

Saudi Arabia eyes budget surplus after years of deficit

Total expenditures were budgeted at SAR955 billion, and revenues at SAR1.045 trillion, giving a surplus of SAR90 billion.
  • The Saudi budget surplus projections come with higher global crude prices
  • This is despite worries about the coronavirus variant Omicron that is spreading worldwide
Investigation

REVEALED: Billions of dollars missing from BDL

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...
  • Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
  • The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
Economy

Iran to cut oil output, prioritize defense in new budget

The 2022-2023 budget allocates about $5 billion to boost "defense capacities and strategic research", up from $4 billion the previous...
  • Iranian news agencies reported that the draft, presented Sunday, projects GDP growth of eight percent.
  • President Ebrahim Raisi submitted the draft to parliament for a vote expected by the end of 2021.
Videos

Reasons behind shortening UAE’s workweek

This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...
  • The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday
  • The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules
Economy

UAE makes color-coded nutritional labeling of food products voluntary

The UAE has made nutritional labeling of pre-packed products as traffic light colors voluntary, after amending a requirement that would...
  • From Jan, manufacturers were required to provide a color-coded system of nutritional data in all pre-packed food products.
  • An official says AED1.4 billion across the sector by removing the need to modify the labels currently in use or in storage.
Economy

Ruler establishes Dubai Council to deliver Emirate’s future vision

The council will focus especially on boosting the emirate’s leading-edge competitiveness and leadership regionally and internationally.
  • The council is expected to formulate and develop Dubai’s future development agenda to support its global competitiveness
  • It will apparently also enhance the emirate’s attractiveness by launching major qualitative projects and transformational initiatives
Economy

Dubai reduces carbon emissions by 33 percent in 2020

Dubai reduced its carbon emissions by 33 percent in 2020, which is more than double the target of the Dubai...
  • The reduction in emissions is more than double the target of the Dubai Carbon Abatement Strategy 2021.
  • The share of clean and renewable energy capacity is now 11.38 percent of Dubai’s energy mix.

WTO ministers struggle to forge deals as talks go into overtime

ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
Geostrategy

Company News

Latest News

Abu Dhabi crown prince reviews progress of government projects in emirate

Abu Dhabi, UAE-- The Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council Sheikh Khaled bin...
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...
Economy

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...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Will extended oil production cuts stunt Saudi growth?

The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain...
  • The decision to prolong oil output cuts may herald a significant reversal for the Kingdom's fast-growing economy as oil remain a key source for its revenue, say experts
  • Amidst varying projections, the overall concern is clear: the extended cuts could strain the economy and may even lead to contraction if the trend continues into 2024
Business

ExxonMobil to buy Denbury

ExxonMobil will acquire Denbury for $4.9 billion.
  • The all-stock acquisition provides ExxonMobil with Denbury's carbon dioxide pipeline network in Texas, Louisiana and Mississippi.
  • Oil companies have championed carbon sequestration as a major response to climate change.
Arts & Culture

Sweltering heat leaves Gulf residents at risk during noon

DUBAI, UAE- As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a...
  • Apart from last week being identified as the hottest ever recorded worldwide, a wave of humidity has been suffocating the Gulf
  • Two weeks ago, more than 1.8 million Muslims battled through a days-long hajj pilgrimage in Saudi Arabia in temperatures up to 48C (118F)