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 sets innovative media policy to propel the country onto global stage

DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...

Economy

Bitcoin surpasses $57,000 as crypto rally remains strong

Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...

Business
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
Geostrategy

Climate, economy, vaccines key focus of G20 talks

Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine...
  • In their first in-person gathering since the start of the Covid-19 pandemic, the relaunch of the global economy will also be front and center on the two-day agenda
  • The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders to show "more ambition and more action"
Economy

Jordan launches weekly lottery to boost vaccination

Six lucky vaccinated people will each receive JD500 (around $705), provided that they had been inoculated in the week before...
  • The lottery scheme was launched by the Jordan Radio and Television Corporation and the Association of Banks in Jordan
  • The initiative is apparently aimed at incentivizing individuals to take the vaccine to immunize society as a whole
Economy

Political stability spurs Kuwait’s economic recovery

In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of...
  • In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of US$ 40 billion.
  • Falling oil prices due to COVID- 19 pandemic caused a 15.4 percent dent in Kuwait's GDP in the fiscal year 2020-2021
Geostrategy

World leaders discuss climate, economy, vaccines at G20

Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the...
  • Looming over the two-day talks in Rome is pressure to make headway on tackling global warming
  • This is because the key COP26 summit is kicking off in Glasgow on Monday
Business

Saudi index ends week down 0.4%, Qatar up 1.2%

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the...
  • Dubai’s main index fell on Wednesday by 0.1%, affected by a 4.2% drop in the stock of logistics company Aramex.
  • Aramco's share price rose 0.8 percent to US$ 10.05, its highest close since December 2019.
Geostrategy

Lebanon to get Jordan’s electricity via Syria by 2022

The process of supplying Lebanon with electricity is expected to begin in early 2022.
  • The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
  • Jordan will also supply 250 MW to Lebanon during the remaining periods
Science

Qatar plans to reduce 25% greenhouse emissions by 2030

The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...
  • The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
  • The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Economy

Saudi Arabia, Spain agree to build sustainable tourism

Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh...
  • Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
  • Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism

UAE sets innovative media policy to propel the country onto global stage

DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...
Economy

Company News

Latest News

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

Abu Dhabi frames new grazing regulations to protect rangelands

Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu...
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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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.
Business

Iraq, GECF discuss role of oil, gas in country’s development

BAGHDAD, IRAQ -  Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Friday stressed the importance of...
  • The two discussed the oil and gas sector and stressed on the importance of supporting gas and renewable energy investment projects.
  • The two leaders discussed on the development of the oil and gas sector in Iraq and its role in the country's economy.
Market Report

Asian markets decline as US data spark interest rate fears

Asian stocks tumbled again after another round of strong US data reinforced expectations the Federal Reserve will resume its interest...
  • Minutes from the Federal Reserve's last meeting showed officials plan to ramp up borrowing costs again this month.
  • Equity-buying sentiment was hammered again by news that US private firms created twice as many jobs as expected in June.