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.

Majority of WTO members sign investment deal for development

The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...

Economy

Hawkish economic approach on China has bipartisan support in US, say analysts

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards...

Geostrategy
Economy

Arab nations’ pledge bolsters COP26 message

The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.
  • The summit may not achieve its target of reducing carbon emissions by 45 percent by 2030
  • COP26 wants governments to adopt carbon emission targets through 2030
Economy

Dubai SME extends AED75.6 million in financial facilities to Global Village

The 25 kiosks were allocated for startups in the food and beverage (F&B) sector, chiefly restaurants and cafes, wholly owned...
  • Under the agreement, 25 kiosks have been allocated for Emiratis within Global Village to launch and grow their business
  • Dubai SME, through its online registration portal, received more than 200 applications for Global Village
Business

Three agreements signed in Dubai for self-driving solutions

The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.
  • The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots
  • Majid Al Futtaim and Yandex have partnered to explore the independent technology solutions to enhance the scope of the last-mile delivery of Carrefour orders
Economy

UAE accounts for 40% of Netherlands’ exports to GCC: Dutch minister

Tom de Bruijn’s comments came during a business forum hosted in Dubai as part of a high-level trade mission to...
  • The forum was organised by the Consulate General of the Netherlands in Dubai in cooperation with Dubai Chamber
  • The UAE’s non-oil trade with the Netherlands has reached about $3 billion in 2020
Interview

‘Oil unlikely to hit US$100 in 2022’

The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS...
  • Garbis Iradian, chief economist for MENA at Institute of International Finance (IIF), tells TRENDS in an exclusive interview that the prices would average US$70 per barrel in 2021
  • There are expectations of the US oil production recovery in 2022, which would increase the supply easing pressure of price
Business

Zain to solidify 5G networks

Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.
  • The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.
  • Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.
Business

DP World and Indonesia Investment Authority plan $7.5bn long-term investment

DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to...
  • The investments would include inland terminals, cargo parks, feeder network systems, landside transport and industrial zones.
  • They will also explore collaboration with the Indonesia Port Corporations (Pelindo).
Economy

UAE’s ADNOC reinstates full oil supplies in Dec

It will be the first time since the oil price crash in the second quarter of last year when the...
  • It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
  • Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Economy

Qatar Tourism launches ‘Experience a World Beyond’

The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.
  • The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities
  • The three main characters that represent Qatar and its experiences are Shaheen, Maha, and Lulu
Economy

Qatar Ministry of Transport signs pact with Qatar Rail

Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the...
  • Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways
  • The agreement comes in the context of the efforts of the Ministry of Transport to provide an integrated, world-class, multimodal transit system

Majority of WTO members sign investment deal for development

The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...
Economy

Company News

Latest News

Kuwait has third largest millionaire population in world

Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...
Geostrategy

Oil and gas firms must invest more in clean energy

“The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must...
Economy

Iran summons UK envoy to protest new sanctions: state media

The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Rise in unemployment affects Saudi women the most

The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by...
  • The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by a notable increase among women to 15.7%, according to an official report
  • In Q1, Saudi Arabia witnessed a 0.5% drop in youth unemployment, while joblessness among those aged 25-54 rose to 7.8%, adds the report of Saudi General Authority for Statistics
Economy

Lebanon central bank officials to quit if no governor nominated

BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...
  • The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the stage for a leadership crisis.
  • "Unless the political class names a successor, the vice-governors will resign before (Salameh's) mandate ends" on July 31, an official said.
Business

Energy prices may jump if output slashed, warns Shell CEO

LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...
  • The official warned that strengthening demand from China and cold winter weather in Europe could send energy prices and bills surging.
  • Domestic electricity and gas bills sky-rocketed after key energy producer Russia invaded neighboring Ukraine early last year.