INSEAD Day 4 - 728x90

Economy

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil

Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...

Economy

IMF predicts soft landing for global economy, yet growth remains muted

Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...

Economy
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
Economy

Saudi Ministry of Transport signs MoUs with its Omani Counterpart

The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his...
  • The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali
  • The MoU is geared to benefit from the unique geographical location of the two countries and achieve the objectives of the national strategy for transport and services

Sunny but isolated, Cyprus toils to boost green energy

Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy...
  • Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan
  • In October Cyprus also signed a deal with Greece and Egypt to transfer electricity through lines connecting the three countries

JNTO opens its first office in Dubai in bid to draw more GCC tourists

Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
  • Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
  • As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
Business

Dubai Economy, Golden Radiant help DED licensed traders to widen reach

Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...
  • Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
  • The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Business

Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE

Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...
  • Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
  • The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Business

Middle East’s first lithium production facility to come up at KIZAD

The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...
  • The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
  • Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
Economy

No plan to reduce VAT any time soon, says Saudi minister

Saudi Arabia will not reduce value added tax any time soon, but will consider doing it when it public finances...
  • There will be no VAT cut anytime soon, he told the media, on the sidelines of the Group of Twenty (G20) meetings in Rome
  • Al-Jadaan expects the Kingdom's general budget to record a deficit at the end of this year
Economy

Federal Tax Authority to implement new procedures for tax registrants

The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions.
  • The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions
  • The Authority will review the reconsideration request and issue a decision, giving its reasons within 40 business days

UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil

Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...
Economy

Company News

Latest News

Libyan rival leaders to work together for oil income

TRIPOLI, LIBYA- Rivals in politically divided Libya have agreed to form a committee on sharing oil revenues, a move welcomed on...
Geostrategy

FAO says world cereal production to reach record high in 2023-24

ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal...
Business

‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’

PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

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...
  • The Iranian president claimed that patients from Central Asia and Middle East have chosen Iran over Europe to come for medical treatment
  • In May, Iranian health minister said that last year more than 1.2 million foreign patients had been to hospitals in the Islamic Republic for various treatments
Economy

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...
  • To improve the efficiency of electricity and water consumption in the emirate, DEWA has ruged customers to follow its tips and guidelines
  • Customers should switch off lights, use a timer for any floodlights in gardens and fences and shut off the water supply, recommends DEWA
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,...
  • Prime rents in Riyadh have risen by 19 percent in the last year, while in Jeddah, they have risen by about 9 percent
  • The main demand centers for office space in the kingdom are Riyadh and Jeddah, and Dammam Metropolitan Area