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.

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

UAE allocates $5m to WTO’s Women Exporters In Digital Economy Fund

Dubai, UAE – United Arab Emirates on Sunday allocated $5 million to a $50 million fund launched Sunday ahead of...

Economy
Business

Q3 real estate transactions worth $1.55 billion recorded in Sharjah

Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...
  • A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
  • About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Business

Etihad Rail completes construction of UAE network’s first marine bridge

Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...
  • The bridge will play an important role in improving the transportation of goods in the region.
  • Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Science

Climate change will crush world’s poorest economies, says study

Countries with poor economies will face severe consequences of climate change caused by the rich nations.
  • According to the study, 65 most vulnerable nations will see GDP drop 20 percent on average by 2050
  • Eight of the top 10 most affected countries are in Africa, while two others are in South America
Economy

Abu Dhabi Chamber discusses partnerships with Azerbaijan official

Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.
  • Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
  • The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Infographics

Here’s how much Lebanon depends on GCC

The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...
  • Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
  • It has already received assurance of electricity supply from Jordan via infrastructure in Syria
Business

MEASA’s biggest food processing and packaging show opens in Dubai

Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA),...
  • The event will run for three days and address the sector’s sustainable packaging, automation, and F&B supply chain issues.
  • UAE’s trade in food commodities contributed more than seven percent of the country's GDP for 2020.
Business

Organic farmers find fertile ground in North Africa

In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified...
  • Despite its small size, Tunisia ranks 30th in the world and first in Africa in terms of area certified for organic farming.
  • Moroccan authorities are trying to develop the sector with the Green Morocco Plan, which helps farmers cover the costs of getting certified.
Business

Axa insurance Q3 premiums down 7 percent

Q3 net profit down 18 percent from the same period last year.
  • The firm's total comprehensive income also dropped 36 percent to 38 million riyals.
  • Axa said the fall in net profit can be attributed to the overall decrease in insurance results and an increase in investment income.
Business

Colombia targets $1bn trade and direct flights with UAE

Colombia sees the UAE as a potential partner for growth in bilateral trade, economy, and tourism.
  • Non-oil bilateral trade between the two countries amounted to $176 million in the first half of 2019
  • The two nations are also in talks over signing a MoU for double taxation avoidance
Videos

How much does fuel cost in Arab countries?

Merely producing great quantities of oil or having a shortage does not dictate whether a country will have the cheapest...
  • The world usually buys gasoline at the same price, with the current global average being $1.21 per liter
  • However, the price at which gasoline is sold by each country varies because of national and provincial subsidies and tax rates

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

Company News

Latest News

Iran emerging as a hub for health tourism in West Asia: Raisi

Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and...
Business

DEWA exhorts customers to adhere to its safety standards

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place...
Economy

Office segment demand drives Saudi Arabia’s real estate boom

"The office sector shines brightest in the real estate market. Saudi Arabia's rapid economic growth drives the demand," Faisal Durrani,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Russia to cut oil output by another 500,000 bpd

Moscow, Russia - Russia on Friday confirmed the reduction of oil supplies to markets by 500,000 barrels daily in August...
  • Earlier, Deputy Prime Minister Alexander Novak told reporters that Russia will slash oil supplies to markets in August through the reduction of exports
  • Saudi Arabia and Russia have recently announced their decision to extend cuts to oil production in an effort to bolster global oil prices
Business

Saudia raises seat capacity by 10%

The number of domestic, international flights will rise.
  • This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
  • Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.
Economy

Global food prices fall to lowest level in two years in June

Dubai, UAE -- The World Price Index of the Food and Agriculture Organization of the United Nations (FAO) fell last...
  • The World Price Index drop was driven by the lower cost of sugar, vegetable oils, cereals and dairy products.
  • The FAO Cereal Price Index fell 2.1 percent in June compared to the previous month, with prices of corn, barley, sorghum, wheat and rice declining.