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.

Arab League organizes workshop to discuss BRICS role in MENA region

Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...

Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister

Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...

Economy
Economy

Lebanese currency drops to new low, pound trades 25,000 to dollar

The new record, topping a previous low of more than 24,000 earlier this week, adds to the troubles of the...
  • The new record, topping a previous low of more than 24,000 earlier this week, adds to the troubles of the newly-formed Lebanese government
  • With the currency losing more than 90 percent of its value in two years on the black market, the purchasing power of Lebanese is plummeting
Economy

Dubai ranks first in Arab world in Innovation Index

The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city...
  • The report, entitled The Road to Recovery through Resilience and Innovation, examined 39 cities
  • Singapore and Hong Kong maintained their first and second places on the Index respectively
Business

AD Ports Group and Turkiye Varlik Fonu sign partnership agreement

AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for...
  • The partners will collaborate on major investment opportunities for port development and operations.
  • The two organizations will also collaborate in establishing a joint steering committee to assess all investment opportunities.
Economy

Qatar approves draft social security and military retirement laws

Qatari cabinet has approved draft social security and military retirement laws aimed at establishing "an effective social protection system for...
  • The draft laws call for expanding the scope of insurance coverage to include all citizens working in the public and private sectors.
  • The draft laws recommend that the minimum pension shall not be less than QR15,000 ($4,119).
Economy

Doha workshop promotes Qatarization policy in private sector

The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee.
  • The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee
  • The ministry would ensure Qatari employees’ rights are protected and that they are not subjected to abuse by their employer
Geostrategy

UAE announces $10 billion fund for investments in Turkey

Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace in Ankara on Wednesday before they went...
  • The fund's aim was "to support the Turkish economy and boost bilateral cooperation between the two countries," the official Emirati news agency WAM said
  • The main focus of the fund will be on "strategic investments", especially in sectors including energy, health and food, WAM reported
Economy

Syria eyes visitor resurgence, especially from Europe

Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during...
  • Syria is home to several UNESCO world heritage sites that were very popular with tourists before the war
  • Most sites were damaged by more than 10 years of a conflict, but restoration work was undertaken
Economy

Help lower oil prices, IEA urges OPEC

The head of the IEA has called on OPEC and its allies to take measures to help bring oil prices...
  • OPEC nations and their allies, including Russia, agreed in July to slowly increase their oil output each month towards pre-pandemic levels
  • This comes as the world economy recovers from the Covid-19 pandemic
Economy

Lebanese currency sinks to new low on the black market

The Lebanese pound sank to a new low on the black market Wednesday, with no end in sight to the...
  • The new record, topping a previous peak in July, comes as the government fails to resolve a diplomatic crisis with Gulf countries.
  • The World Bank estimates Lebanon may need almost two decades to recover its pre-crisis per capita GDP.
Economy

Saudi employers can now issue residence, work permits on quarterly basis

Saudi Arabia has announced a new procedure that allows employers to renew residence permits, work permits and financial compensation for...
  • The Ministry of Human Resources and Social Development and General Directorate of Passports have started the service.
  • The General Directorate of Passports stated that this service can be availed through the Absher Business and Muqeem platforms.

Arab League organizes workshop to discuss BRICS role in MENA region

Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...

Company News

Latest News

Wall Street stocks up amid signs of broadening in equity market

New York, United States - Wall Street stocks mostly rose early Tuesday amid signs of greater broadening in the equity market...
Business

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...
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....
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Abu Dhabi to provide UAE nationals with 5,000 jobs in health sector

Abu Dhabi, UAE-- Some 5,000 new jobs have been opened up in the healthcare facilities by the Department of Health,...
  • The department has directed the healthcare facilities to work toward achieving the set targets under the Emiratisation program within their staff
  • The Emiratisation initiative is designed to boost the number of Emiratis working in medical profession as doctors and nursing staff
Economy

AI ‘disrupts economy’ but Middle East optimistic

The Boston Consulting Group survey found that 58 percent of Middle East employees, managers, and leaders believe that AI will...
  • An overwhelming 78 percent of respondents are confident that the rewards of GenAI outweigh the risks
  • 76 percent of all respondents believe that AI-specific regulations are necessary to manage the risks
Business

4 bids for Al Ajban power project

There will be a process to select the best proposal.
  • Al Ajban Solar PV is EWEC’s third world-leading solar power project.
  • Abu Dhabi is home to world’s three largest single-site solar power plants.