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.

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

Diversification helps GCC surge in global markets

Gulf economies are witnessing transformative growth and resilience with the UAE, Saudi Arabia, and Qatar leading the way in global...

Economy
Business

Abu Dhabi launches virtual license for non-resident investors

The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to...
  • The program lets non-resident foreign investors obtain an economic license for doing business in the emirate
  • They can now do this without any prior residence procedures and from any location outside the UAE
Economy

Dubai approves Hatta master development plan

The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist...
  • The Hatta plan is a part of the Dubai 2040 Urban Master Plan, which aims to create a roadmap for enhancing infrastructure
  • The master plan also aims to implement development projects and initiatives across the emirate over the next 20 years
Economy

Saudi Arabia leads GCC in inflation control

The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of...
  • Concerns about the high inflation rates abound in the Gulf countries as governments spend more to help families
  • Inflation is expected to stabilize in Saudi Arabia due to spending rationalization policies
Economy

Lebanon needs $1bn for local currency to regain value: Minister

Lebanon’s Information Minister George Kordahi has said that the country needs $1 billion to bring up the value of the...
  • The World Bank has described Lebanon’s economic crisis as possibly among the three worst of its kind across the globe
  • Since 2019, the Lebanese pound has lost more than 90 percent of its purchasing power, and now more than three out of every four citizens live in poverty
Economy

Jordan taps FAO to support rural families with agriculture festivals

The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement in this regard.
  • The FAO and Jordan’s National Center for Agricultural Research have signed a cooperation agreement
  • As part of the agreement, they are expected to organize festivals for Jordan's agricultural products to empower rural families and farmers

Qatar opens fifth 2022 World Cup venue

The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals.
  • The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals
  • It was designed by Qatari architect Ibrahim M. Jaidah to resemble the 'gahfiya' cap, traditionally worn by men in the region
Economy

UAE to chair 6th Annual Asian Infrastructure Investment Bank meeting

The Meeting will focus on a number of key themes, including investing in the infrastructure for tomorrow such as cross-border...
  • The meeting to be attended by 103 members as well as strategic partners from around the world will be held virtually under the theme "Investing Today. Transforming Tomorrow."
  • In 2020, the Asian Infrastructure Investment Bank announced its strategic ambition to allocate 50% of its total funding until 2025 to climate-friendly projects
Arts & Culture

Qiddiya: Saudi Arabia’s Disneyland

The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, a water park and sporting venues...
  • The destination will include a Formula 1 racing trajectory, a Six Flags Theme Park, sporting venues, and a large selection of cultural, creative, and artistic activities
  • The entertainment city is expected to attract 17 million visitors in the entertainment sector, 12 million in the shopping sector, and 2 million in the hospitality sector by 2030
Business

Al Babtain to procure SAR 250m loan

The facility will be provided through Murabaha mode
  • The duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.
  • The company said the loan will be used for re-structuring a part of short-term finances.
Economy

Saudi index reaches new highs on oil price rise

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is...
  • Qatar Stock Exchange upwardly revised 0.1 percent on Thursday, aided by a 3.5 percent increase in Nakilat shares.
  • Egyptian Stock Exchange ended its sessions on Oct. 20 with a collective decline of indices for the second consecutive session.

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

Company News

Latest News

SRTIP-SOTI merger to boost UAE’s knowledge economy

"The time is right to reach higher and underscore Sharjah’s position as a leading global destination for innovation, business, and...
Business

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...
Geostrategy

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Sheikh Hamdan launches first phase of waste-to-energy project

Making a strong push for transition to a green economy by building a clean energy infrastructure, Dubai saw the launch...
  • The world's largest and most efficient plant built at a cost of $1.08 billion features advanced technologies with no adverse environmental impact
  • Sheikh Hamdan said Dubai's has speeded up its transition to a green economy and transform itself into one of the world's most sustainable cities
Investigation

Egyptians caught in devastating economic storm

Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into...
  • Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into the depths of the crisis
  • While external factors like Russia-Ukraine crisis have hit Egypt, GCC countries have extended support, emphasizing the need for structural reforms and privatization
Economy

Egyptians caught in devastating economic storm

Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into...
  • Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into the depths of the crisis
  • While external factors like Russia-Ukraine crisis have hit Egypt, GCC countries have extended support, emphasizing the need for structural reforms and privatization