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.

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

Finland, UAE eye collaborations in clean technologies

"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I...

Economy
Business

OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia

The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.
  • The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers
  • OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM
Economy

UAE, Israel in talks to sign comprehensive economic pact

The announcement was made via video conferencing on Tuesday by Abdullah bin Touq Al Marri and Orna Barbivai, Israeli Minister...
  • The partnership between the two countries will reinforce their economic ties, promote trade, increase new investment opportunities for companies
  • Trade exchange between the two countries from the signing of the peace accord in September 2020 until the end of September 2021 has been around AED3.5 billion
Economy

DFM incentivizes IPOs from companies in key growth sectors

The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and...
  • The new program is in line with the efforts to strengthen Dubai’s position as global capital markets hub
  • The DFM seeks to attract companies from sectors such as Technology, Transport & Logistics, Healthcare, Pharmaceutical, Manufacturing, and Agri-Tech
Economy

Turkey’s troubled lira accelerates record slide

It fell nearly four percent to 10.41 to the dollar before clawing back some of its losses ahead of a...
  • The central bank has lowered its policy rate by 300 basis points to 16 percent since August
  • Even big businesses have started to express alarm that Turkey may be spiralling towards a currency crisis
Business

Dubai launches five-year multi-entry visa for MNCs

The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...
  • The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.
  • Between January and September 2021, Dubai received around 3.85 million international visitors.
Economy

Turkey’s troubled lira accelerates record slide

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to...
  • The lira fell by nearly four percent to 10.36 to the dollar before clawing back some of its losses ahead of a meeting
  • Turkey's nominally-independent bank has bowed to incessant pressure from President Recep Tayyip Erdogan to drive down the cost of doing business in order to stimulate growth
Business

Emirates expects to return to profit in ‘next 18 months’ as losses drop by half

Aviation giant Emirates expects to return to profitability "in the next 18 months" as the sector bounces back from the...
  • The Dubai-based carrier said last week it was on the path to recovery as six-month losses dropped by more than half from a year earlier.
  • Emirates posted an April-September loss of $1.6 billion, compared with $3.4 billion during the same period in 2020.
Market Report

Asian markets mixed with focus on inflation, Biden-Xi summit

Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .
  • Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs
  • But with the recovery well on track and people returning to a semblance of normality, inflation is surging to levels not seen in decades
Economy

New service to help start business in Saudi Arabia in three steps

For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and...
  • Investors and companies wanting to do business in the Kingdom will benefit from the new reforms
  • The ministry said there will be a broad marketing campaign to ensure that foreign investors and companies can benefit from the new service
Business

Pakistani Basmati export to KSA, UAE suffers setback

Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of...
  • Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of its rice from India
  • He; however, expressed the hope that the outcome of Prime Minister Imran Khan’s recent visit to Saudi Arabia may have some positive impact on the export of rice

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

Company News

Latest News

Pro-Iran parties urge Iraq to clear energy dues with Tehran

BAGHDAD, IRAQ - A powerful alliance of pro-Iran factions in Iraq called on Sunday on Baghdad to pressure the United States...
Geostrategy

Dubai to expand EV charging points by 170 percent till 2025

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) aims to grow the city’s network of public charging stations by 170...
Business

UAE says 79,000 Emiratis working in private sector

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Saudi Arabia should ‘review’ emissions targets: French minister

France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart....
  • Saudi Arabia pledged in 2021 to achieve net zero carbon emissions by 2060. Pannier-Runacher's trip came as the UAE prepares to host the COP28 climate summit.
  • Largely state-owned energy firm Saudi Aramco, the kingdom's main revenue generator, is targeting "operational net-zero" carbon emissions by 2050.
Economy

UK to unveil new measures to support financial sector

Hunt, whose official title is chancellor of the exchequer, will lay out plans for an "entirely new kind of stock...
  • Hunt will set out "how Britain's financial services will support the drive for long-term sustainable growth across the country", the UK Treasury said
  • The new measures will in particular seek to make the UK stock market more attractive to firms looking to take their businesses public
Economy

Global trade in commodities to expand by 1.3% annually: FAO-OECD report

Paris, France--Global trade in agricultural commodities is projected to expand by 1.3 percent annually - half the pace recorded in...
  • The FAO and OECD report said maize, wheat and soybeans contributed the most to the overall agricultural trade growth in the past decade
  • South and Southeast Asia’s net imports, after becoming a net importer of agricultural commodities in recent years, are projected to rise further