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.

‘WTO champions global trade stability, prosperity’

"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...

Economy

China pledges to ‘work with all’ for results at Abu Dhabi WTO conference

Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...

Economy
Economy

Dubai sets up AED1bn fund to support startups

The Fund, an initiative of the Dubai Securities and Exchange Higher Committee, will focus on supporting efforts to implement the...
  • The Fund seeks to fill a funding gap in the MENA venture capital (VC) market by investing in technology startups in the early stages of growth
  • As part of its mandate, the Fund will invest in a range of key initiatives, including Dubai Future Accelerators, DIFC FinTech Hive and Venture Builder Studios
Economy

Crude fact: GCC set for big gains from high oil prices

In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly...
  • As oil prices rise, the oil-exporting countries in the MENA region - Saudi Arabia, the UAE, Kuwait, Qatar, Oman, Bahrain, Algeria, Iraq, Iran, and Libya - are likely to gain
  • A rise in energy prices increases current account surpluses in Saudi Arabia by US$ 28.3 billion, in Iraq by US$ 11.6 billion, and in the United Arab Emirates by US$ 11 billion
Economy

Kuwaitis complain about rising prices, high inflation

Growing costs and a drop in purchasing power are seen as deterioration of the standard of living Kuwaitis have been...
  • The International Monetary Fund (IMF) attributed Kuwait's high inflation rate in 2021 to sharp rises in food prices and the cost of travel-related services.
  • The IMF expected that inflation would reach 3.2 percent by the end of this year and then stabilize at 3 percent in the medium run.
Economy

Saudi Arabia consistent on pension index

The Kingdom ranks 26 in the Mercer Institute Global Pension Index 2021 for the fourth year in a row, with...
  • Saudi Arabia was ranked 26 in the Mercer Institute Global Pension Index 2021 for the fourth year in a row, with a total of 58.1 points, up from 57.5 last year.
  • The report also identifies several key areas that require development in the country's pension system such as increasing the minimum support provided to the poorest individuals
Economy

‘Make it in the Emirates Lab’ launched with focus on SMEs

The program is the second public-private initiative by MoIAT following the Future of Industry Dialogue initiative, a series of interactive...
  • MoIAT kicked off the Access SMEs program within the wider Make it in the Emirates Lab in collaboration with Procter and Gamble
  • The training will also be available to select national students to further support and encourage their contribution to the industrial sector upon graduation
Economy

China’s factory output, retail sales see jump in October

Industrial production grew 3.5 percent on-year last month, up from September, said the National Bureau of Statistics, as China worked...
  • Industrial production grew 3.5 percent on-year last month, up from September, said the National Bureau of Statistics, as China worked to ease the energy shortage
  • The recovery in the world's second biggest economy has been losing steam for much of the year after a swift bounceback from harsh lockdowns to contain Covid-19
Economy

Saudi Arabia unveils first non-profit city in the world

“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin...
  • The city is billed to be a model for the development of the non-profit sector globally and an incubator for youth and volunteer groups
  • The city's masterplan embodies a human-centered, advanced digital metropolis designed to be sustainable and pedestrian-friendly
Geostrategy

Dubai Airshow: UAE MoD signs deals worth AED 5bn

The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the...
  • The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command
  • One contract was signed d with the French company, Thales, to purchase communication systems for the Air Force and Air Defense
Business

UAE rich reset life goals after Corona but find confidence shaky: Survey

About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and...
  • The 'confidence gap' is more pronounced among the emerging affluent, according to Standard Chartered survey.
  • Volatility in financial markets and fear of poor returns on investments are the major causes of low confidence.
Videos

Trade balance of key Arab countries in 2020

This week's TRENDS Explainer Video focuses on top Arab economies in terms of trade balance in the year 2020.
  • One of the best ways to judge the strength of a country's economy is to look at its trade balance, or the difference between exports and imports
  • If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit

‘WTO champions global trade stability, prosperity’

"It is contributing to raising living standards, improving employment opportunities and enabling the expansion of trade in goods and services"...
Economy

Company News

Latest News

Dubai’s RTA digital channels generate revenue of US$953m in 2022

DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al...
Business

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....
Geostrategy

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

Most Read

Business

Jordan’s beekeepers make a fortune as demand for honey soars

The kingdom of Jordan prides itself on its 19 different types of honey, including citrus, eucalyptus and maple varieties, depending...
  • Jordan's 4,000 apiarists have ramped up output of the sweet and sticky golden substance long praised for its anti-inflammatory and other health benefits
  • Even if there is no scientific consensus that honey helps fight Covid, many of those infected have used it to soothe symptoms such as sore throats
Economy

Saudi Arabia and France sign MoU to deepen ties in energy sector

Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy,...
  • The MoU mandates Saudi Arabia and France to ramp up cooperation in developing and sustaining supply chains for the energy sectors
  • The joint statement said that addressing climate change and promoting sustainable supplies of energy were priorities of both countries
Geostrategy

Dubai Police records 65,942 ‘transactions’ at smart police stations in H1

Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22...
  • According to the police, some 66,000 smart transactions were processed without any human intervention, including the lodging of 16,000 reports
  • Major General Ali Ahmad Ghanim said residents and visitors expect top-notch police services that are both innovative and convenient