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.

IMF predicts soft landing for global economy, yet growth remains muted

Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...

Economy

UAE announces US$2,722 penalty for late corporate tax registration

ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...

Business
Business

Iraq stresses balance in energy market ahead of Dec OPEC meeting

Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding...
  • Iraq's National Oil Marketing Company says it does not see necessity of any decision on increasing oil production.
  • OPEC + has decided to maintain the monthly increase rate of 400,000 barrels in December.
Economy

Iran cracks down on farmers protesting dried-up river

The riverbed has been the rallying spot for farmers and other people from across Isfahan province protesting the lack of...
  • Iran deployed riot police in force on Saturday, November 28, in the city of Isfahan as farmers protested the drying up of a river
  • The authorities said at least 67 people were arrested as the cops cracked down on the protesters
Economy

UAE legal system gets major revamp

It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to...
  • The draft of new laws and legislative amendments came during the "Year of the 50th" and are intended to keep pace with the developmental achievements of the UAE
  • The new legislative changes came after intensive coordination at both the local and federal levels
Geostrategy

Riot police deploy after violent demo in Iran

Riot police were deployed in force Saturday in the Iranian city of Isfahan, a day after violent protests over the...
  • Security forces fired tear gas during the clashes with stone-throwers in the protest by around 500 people in the bed of the Zayadneh Rood river that crosses the central city
  • Drought is a cause, but they also accuse the authorities of diverting water from the city to supply the neighboring province of Yazd
Economy

Abu Dhabi gives out $2.72bn in housing loans and plots

Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased...
  • The housing package, worth a total of $2.72 billion, benefited 10,032 citizens in the Emirate of Abu Dhabi
  • The announcement coincides with the UAE's celebrations of 50th National Day, and reflects the leadership’s commitment to ensuring social stability, enhancing living standards
Geostrategy

UAE says 100% of population received one Covid jab

The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has...
  • According to the UAE health ministry, a total of 21,802,032 doses of vaccine have been administered
  • One hundred percent (of the population) have received one dose, while 90.18 percent are fully vaccinated
Economy

Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation

The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.
  • The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
  • The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route
Economy

Iran-ECO trade grows over 48% in 7 months year on year

The volume of trade with the ECO countries - Turkey, Afghanistan, the Republic of Azerbaijan, Kyrgyzstan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan,...
  • Major Iranian export destinations were Turkey ($3.397 billion), Afghanistan ($1.125 billion), Pakistan ($655.154 million), and Azerbaijan ($272.958 million)
  • Iran’s export to ECO members increased by 58 percent and 60 percent compared to the figures for the previous year in terms of weight and value, respectively
Analysis

Global ripples await MidEast markets on Sunday

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.
  • Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
  • This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further
Business

Dubai introduces ‘electronic notary public’ after amending the law

Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...
  • The automated notary public has been introduced as part of Dubai’s smart government transformation.
  • Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.

IMF predicts soft landing for global economy, yet growth remains muted

Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...
Economy

Company News

Latest News

Iraq to pay for Iranian gas imports with oil: Iraqi PM

The Iraqi prime minister said the decision to pay for Iranian gas imports with oil corresponds with the mechanism agreed...
Economy

UAE signs air transport services agreement with Austria to boost trade

Vienna, Austria-- Looking to ramp up trade and business relations, the United Arab Emirates has signed an air transport services...
Economy

E-visas to drive tourism’s GDP share to 10%

Saudi Arabia is leveraging digital solutions to streamline travel, link tourists with local enterprises through apps, and enhance experiences via...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Dubai Investments, E20 Investment to develop agricultural land in Angola

Dubai, UAE--Dubai Investments and E20 Investment have signed a memorandum of understanding (MOU) to develop 3,750 Ha of agricultural land...
  • The two entities signed an MoU to develop land in Angola, harnessing the country's agricultural sector for growth and economic development
  • The agreement looks to convert the land into a thriving agricultural hub, yielding 28,000 tons of rice and 5,500 tons (peak production) of avocados
Economy

UAE and Mongolia to ramp up trade and investment ties

Ulaanbaatar, Mangolia--The UAE and Mongolia are looking to boost trade and investment cooperation with a focus on the agriculture sector....
  • Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, is leading a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar
  • During the meetings both sides explored the means to develop the partnership, underlining their commitment to enhance trade and investment cooperation
Economy

UAE bolsters AI integration to boost competitiveness

"The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority...
  • UAE renews commitment to embracing artificial intelligence solutions across various sectors, says UAE minister Omar bin Sultan Al Olama
  • The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," he adds