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.

Saudi Arabia announces major gas discovery in Jafurah

Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...

Economy

Pakistan greenlights construction of long-awaited Iran-Pakistan gas pipeline

Tehran, Iran -  Pakistan has decided to link the gas pipeline from the country's Gwadar port city to the Iranian...

Business

Evergrande shares rise

The Chinese firm has restarted work on 10 projects.
  • Evergrande owes various lenders close to $300 billion, but speculations are rife that it may not be able to pay all of it back
  • However, after the project restart announcement, shares in the firm rallied more than four percent in early trade
Infographics

How major Arab economies performed since 1975

At a time when the future of the global economy is going to change following the trends from regional economies,...
  • The region's dynamics have changed a lot due to oil exports from 1975 to 2021.
  • The Arab countries are now among top-world investors in high-tech companies
Economy

Bahraini Farmers Market returns with Covid-19 precautions

The market, which reportedly aims to promote Bahrain’s agricultural products and highlight the development taking place in the country’s agricultural...
  • This edition of the market will be limited to shops selling local agricultural produce
  • It will also feature a number of restaurants without the accompanying recreational activities
Economy

Turkish lira touches all-time low of 9.85 after Erdogan seeks expulsions

On Saturday, Erdogan announced that he had ordered his foreign ministry to expel the envoys for seeking the release of...
  • The lira subsequently rebounded, last fetching 9.7150 and was quoted at 9.7200-9.7600 at 0441 GMT
  • Last week, the Turkish currency plunged to record lows after the Turkish central bank cut its policy rate by 200 basis points
Economy

Saudi non-oil exports leap up 26.8% to SR23bn in August

Non-oil exports of Saudi Arabia vaulted 26.8 percent to SR23 billion in August, compared to SR18.1 billion in the same...
  • Growth was driven mainly by higher exports of plastics and chemicals, which surged by 56.6 percent and 66.2 percent year-on-year
  • Non-oil exports including re-exports increased from 18.9 billion riyals in July 2021 by 1.9 billion riyals or 8.9 percent
Economy

Bahrain says will achieve net-zero emissions by 2060

The announcement came on Sunday, October 24, a day after Saudi Arabia announced the exact same goal.
  • According to a report from the official news agency BNA, Bahrain has already reduced emissions while growing the national economy
  • It is said to have done this by placing clean, green, and sustainable growth at the heart of Bahrain Economic Vision 2030
Economy

UAE banking industry in recovery mode: UBF Chief

Al Ghurair said that the strong Q2 financial results of the UAE banks was an indication that the banking industry...
  • UBF chief said that the federation will take on an enhanced role in facilitating skill development and employment opportunities for UAE nationals
  • He also praised the UAE’s new visa guidelines, observing that "the decision to liberalise residency guidelines is a landmark step.”
Business

560 foreign firms operate in Al Wusta governorate of Oman: Official

As many as 560 foreign companies are operating in the Omani governorate of Al Wusta and their capital investments by...
  • By the end of Sept. 2021, the capital investment of these firms reached $3.37 billion.
  • The number of industrial licenses registered in Al Wusta during the first nine months of 2021 was 177.
Science

Saudi minister: More investment in science and technology way to net-zero goal

Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...
  • Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
  • Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.
Videos

The largest Arab container ports in the world

There are about 186 major maritime container ports worldwide. Do you know the names of the biggest container ports in...
  • Trade between nations has always made a significant contribution in terms of increasing wealth among the world population.
  • Today, more than 80 percent of all trade is seaborne and maritime ports are playing significant for commercial and navigational purposes

Saudi Arabia announces major gas discovery in Jafurah

Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...
Economy

Company News

Latest News

Markets down after Chinese data flops, EU oil prices decline

London, United Kingdom - Stock markets retreated Wednesday on poorly-received Chinese data, as investors looked ahead to the reopening of Wall...
Business

UAE FDI inflows record highest ever jump in 2022: UN report

The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008),...
Business

Turkey’s inflation rate slows to 38.2 percent in June

According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Iraqi president presses for closer trade and energy ties with Iran

Baghdad, Iraq-- Iraqi President Abdul Latif Rashid has emphasized the need for reinforcing partnership with Iran in the fields of...
  • Iraq's president highlighted the importance of forging closer ties with Iran in a meeting with an Iranian delegation visiting Baghdad
  • He applauded Iran for the restoration of ties with countries in the Middle East and the resumption of diplomatic relations with Saudi Arabia
Economy

Egypt to pour US$1.8bn into offshore gas exploration program

Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of...
  • According to its petroleum minister, Egypt will develop fields in the Mediterranean Sea, Nile Delta, and Western Desert to boost its production capacity
  • The offshore exploration involves companies such as Eni, Chevron, ExxonMobil, Shell and BP, aiming to drill 35 exploratory gas wells until July 2025
Economy

Central Bank of Bahrain Sukuk Al-Ijara oversubscribed

Manama, Bahrain - The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing...
  • The Sukuk Al-Ijara has a maturity period of 182 days, starting on July 6, 2023 and maturing on January 4, 2024
  • Earlier in June, the CBB said that the issue of the 4-year Government Development Bond was oversubscribed by 415 percent