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.

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

Sudan economy falls victim to war between rival generals

With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...

Geostrategy
Business

Maersk lands Saudi deal

Maersk will set up a Logistics Park at Jeddah Islamic Port.
  • Maersk will set up an Integrated Logistics Park at Jeddah Islamic Port, investing more than SAR500m
  • The agreement is a step to make Jeddah Islamic Port among the top ten ports in the world by 2030
Research

Israel eyes influx of tourists from UAE, Bahrain

Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the...
  • Israel expects 100,000 tourists a year from the UAE and Bahrain, with each tourist spending $1,500 per vacation
  • The Jewish state is expected to make $150 million annually in revenues from the Gulf tourists
Economy

Bahrain launches five-point plan to boost economy

The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by...
  • The multi-year plan is said to represent one of Bahrain’s largest economic reform programs
  • It apparently aims to enhance the economy’s long-term competitiveness and support the post-Covid-19 recovery
Economy

Masdar City and ADRO facilitating Golden Visas for eligible persons

Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families...
  • The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
  • Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.
Business

UAE payments industry expected to reach $14 billion by 2030

The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated...
  • Like other countries, the industry in UAE suffered the Covid-19 impact less severe than anticipated, according to Boston Consulting Group.
  • The national payment revenues in the UAE expected to grow by 67 percent between 2020 to 2030.
Economy

Bahrain to deport a number of illegal expatriate workers

The violators were arrested during a clampdown conducted in the Muharraq governorate by the LMRA Labor Inspection Directorate.
  • They are to be deported in compliance with the law, Bahrain’s Labor Market Regulatory Authority or LMRA has said
  • It has also said it would step up such inspections in cooperation with competent authorities within the joint efforts with the Ministry of Interior
Economy

UAE fines, imprisons several for financial crimes

A top law official in the UAE has detailed several cases where the judicial system fined and jailed people for...
  • In one case, the former employee of a Dubai bank was convicted of embezzling more than AED5.23 million (around $1.42 million)
  • The money belonged to real-estate development companies and was deposited with the bank
Economy

Egypt sees Red Sea tourism rush from Russia

Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.
  • Russian tourists are beginning to return to Sharm el-Sheikh six years after a terror attack
  • The 2015 attack had seen the downing of a Metrojet plane that killed 224 mostly Russian passengers
Geostrategy

Roundup: Four Gulf states pull diplomats from Beirut

This is bad news for Lebanon, which had been counting on financial assistance from the Gulf to rescue its economy....
  • The row has already seen Saudi Arabia ban the imports of Lebanese goods and Kuwait and Bahrain expel Lebanese envoys
  • It is a blow to a country already in the grip of crippling political and economic crises
Economy

Jordan to expel unvaccinated expats by December 15

The Ministry of Interior of Jordan has confirmed that strict measures will be taken against expatriates who did not receive...
  • Expatriates in Jordan are allowed to obtain the vaccine for free
  • They are not required to present a residence permit or a work permit to get the vaccine

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

Company News

Latest News

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...
Business

Dubai logs over $871m in realty transactions on Thursday

DUBAI, UAE  - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released...
Business

Iraq join Egmont Group of financial intelligence units

BAGHDAD, IRAQ -   Iraq joined the Egmont Group of Financial Intelligence Units, the Supreme Judicial Council announced. "The efforts made...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

UN report confirms success of UAE investment endeavors: Al Marri

"The UNCTAD report for 2022 reaffirms the remarkable and unprecedented achievements resulting from the cumulative balance of FDIs flows in...
  • UAE received the fourth largest number of greenfield projects (997), behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2022.
  • Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said the report confirmed the UAE’s position as a "compelling destination for global capital".
Economy

UAE Dirham can be third currency for India-Russia Trade, says Russian economist

New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as...
  • Sergey Luzyanin shed light on Russia's need for a third currency option due to concerns over the volatility of the Indian Rupee
  • The need for a third currency arises as Russia continues to face Western sanctions imposed after its involvement in Ukraine
Economy

Bahrain, UK sign MoU to preserve biodiversity and curb marine pollution

London, UK--Bahrain and the United Kingdom have signed a memorandum of understanding (MoU) on biodiversity and marine pollution. The MoU...
  • The agreement will enable the two countries to explore areas of cooperation in monitoring the environment, marine life, biodiversity and safety from pollution
  • Both Bahrain and the UK, under the terms of the MoU, will exchange scientific and technical information, visits, training, research and cooperative projects