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

UAE vital to enhancing global economic growth: Officials

Abu Dhabi, UAE-- The UAE has expanded its network of trading partners around the world through comprehensive economic partnerships, contributing...

Economy

WTO conference ends with acceptance of Abu Dhabi Declaration

Abu Dhabi, UAE--The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) has concluded with the acceptance of Abu...

Economy
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.
Economy

Bahrain to introduce digital currency in the country

The Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round...
  • The central bank also intends to gradually raise the share of financing for small- and medium-sized enterprises
  • Bahrain plans to list five more companies on its stock exchange next year including Bahrain Airport Services Company
Economy

UAE foreign trade in past 50 years rises 473 times to $9.3 trillion

The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion),...
  • The country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion).
  • UAE's exports increased 380 times, rising from $842 million (AED3.1 billion) in 1971 to $319.3 billion (AED1.17 trillion) by the end 2020.
Economy

Egypt’s private sector non-oil activity shrinks in Nov as input costs rise

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new...
  • IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold that separates growth from contraction.
  • Higher fuel and shipping costs often led to increased prices, including for raw items such as foodstuff and paper, said IHS Markit.
Economy

Saudi non-oil private sector records growth in November

The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest...
  • The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index (PMI) fell to 56.9 in November from 57.7 in October
  • The headline figure was down to a three-month low as growth in new orders declined for the second month in a row from September's seven-year high
Economy

QNB sees global economy recovering, despite bottlenecks

The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect...
  • QNB has said the global economy has made a remarkable recovery from the peak impact of the Covid-19 pandemic last year
  • It attributed the revival to ‘unprecedented fiscal and monetary stimulus,’ particularly in the US
Economy

UAE signs deal with France for food security

The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.
  • Under the terms of the MoU, the two countries are expected to collaborate to facilitate trade in agricultural and food products
  • They will also work for the development of sustainable agricultural production with a focus on innovation
Business

Jordanian exporters association seeks to bridge trade imbalance with Turkey

According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...
  • According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million
  • Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million
Economy

Saudi Aramco, French companies sign five agreements

“This partnership is a continuation of Aramco’s long-standing relationship with a number of leading French companies. It represents an opportunity...
  • The agreement between Aramco and Gaussin aims to establish a modern manufacturing facility for on-road and off-road hydrogen powered vehicles in Saudi Arabia
  • The signing took place during an event in Jeddah, organized by the Ministry of Investment to explore investment opportunities for French companies in the oil kingdom

UAE vital to enhancing global economic growth: Officials

Abu Dhabi, UAE-- The UAE has expanded its network of trading partners around the world through comprehensive economic partnerships, contributing...
Economy

Company News

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China’s trade in goods with Belt and Road countries up 9.8% in H1

Beijing, China - China's trade in goods with nations along the Belt and Road Initiative in the first half of...
Economy

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

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...
  • The crown prince stressed the need for investing in early education and how it is integral to building a "future-ready generation"
  • In the meeting he noted the importance of achieving a fully integrated and sustainable roadmap, involving all stakeholders
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