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.

Saudi Arabia permits over 350 firms to open regional HQ, mostly in Riyadh

Riyadh, Saudi Arabia -- Saudi Arabia has granted permission to more than 350 international companies to open their regional headquarters...

Business

Geopolitical risks, sanctions keep commodity markets on edge

Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's...

Economy
Economy

Dubai’s carbon emissions have fallen by 22 percent in 2019

Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...
  • Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
  • The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
Economy

Three laws introduced in UAE after the biggest-ever amendments

The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of...
  • The laws are the Commercial Companies Law, Commercial Registry Law and the Trademarks Law.
  • Commercial Companies Law abolishes the maximum and minimum percentage of the founders’ contribution to the company’s capital at the time of the public offering
Economy

Qatar budget outlay to go up 5% for World Cup

A minister said the rise in budget was due to the ‘temporary increase’ in expenses related to the World Cup.
  • The emirate's planned expenses for 2022 rose by 4.9 percent from last year to QAR204.3 billion ($55.7 billion)
  • Qatar conservatively projects total revenue of QAR196 billion, based on an average oil price of $55 a barrel
Business

KSA and Oman draw closer, sign deals worth $30bn

Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman...
  • Saudi and Omani companies "signed 13 memoranda of understanding worth $30 billion", the official Saudi Press Agency reported
  • According to SPA, he will also visit the United Arab Emirates, Bahrain, Kuwait, and Qatar
Economy

UAE first to have 4.5-day workweek in the world

Official sources said the country would, from January 1, ‘transition to a four and a half day working week,’ with...
  • From January 1, all government entities may have eight working hours a day from Monday to Thursday, from 7:30 am to 3:30 pm
  • Fridays will apparently have 4.5 working hours: from 7:30 am to noon, with Friday sermons and prayers held after 1:15 pm
Economy

Libya central banks to reunite after 7-year split

Libya collapsed into years of violence after the 2011 fall and killing of dictator Moamer Gadhafi in a NATO-backed revolt....
  • The existence of two central banks has complicated the handling of Libya's vital oil revenues and control over monetary policy
  • This has contributed to runaway inflation and a liquidity crisis, despite the country's vast crude reserves
Business

Saudi Arabia, Oman ink 13 business deals

The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.
  • OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
  • In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
Business

Oman budget deficit down by 62.9 percent as oil prices recover

The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period...
  • Oman’s total general revenues as at the end of October had increased 28.1 percent and stood at RO8.33 billion ($21.67 billion)
  • The revenues stood at RO6.5 billion ($16.91 billion) during the corresponding period in 2020
Business

Saudi Arabia to speed up real-estate title registration

The move is expected to raise the country’s ranking in relevant international indexes.
  • Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
  • The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds
Economy

UAE Railways Program: Country’s largest integrated transportation system launched

The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods...
  • The first phase of the Etihad Rail has been fully operational since 2016
  • The investments of the UAE Railways Programme amount to AED50 billion, 70 percent of which target the local market.

Saudi Arabia permits over 350 firms to open regional HQ, mostly in Riyadh

Riyadh, Saudi Arabia -- Saudi Arabia has granted permission to more than 350 international companies to open their regional headquarters...
Business

Company News

Latest News

US is on course for soft landing, may avoid recession

During periods of economic stability, government focus typically gravitates towards infrastructure development. Investments in sectors like construction, transportation, energy, utilities,...
Opinion

DEWA given Net-Zero statement of verification for work on climate change

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
Business

SCA and UBF sign MoU to strengthen UAE’s asset management industry

Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Jordan and Japan review economic, strategic relationship

Amman, Jordan-- Jordan and Japan have discussed ways to boost economic cooperation and further strengthen strategic ties between the two...
  • The Jordanian minister noted the "importance" of Japanese investments and their role in transfering advanced technology to the kingdom
  • Jordan's exports to Japan, according to the Department of Statistics, amounted to $87 million, while imports from Japan touched $348 million
Business

Saudi-Turkish Business Forum kicks off in Istanbul with signing of 16 agreements

Riyadh, Saudi Arabia - The Saudi-Turkish Business Forum which began on Wednesday in Istanbul, witnessed the signing of 16 agreements...
  • The forum is a collaboration between the Federation of Saudi Chambers of Commerce and the Foreign Economic Relations Board of Turkiye
  • The forum was attended by the Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, and the Turkish Minister of Trade, Omer Bolat
Economy

GCC, API sign MoU to establish framework for cooperation

Riyadh, Saudi Arabia-- Seeking to establish a broad framework for cooperation in several areas, the GCC and the Arab Planning...
  • The MoU is expected to contribute to the development of the local working force in the GCC through cooperation in several areas
  • GCC secretary general applauded API for supporting Arab organizations and institutions in all their forms with projects and ideas