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.

Price of natural gas in Europe falls to a 3-year low

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...

Business

UAE’s economy rides on tech and renewable energy

"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering...

Economy
Geostrategy

Arab youth name UAE country of choice for the tenth consecutive year

For the tenth consecutive year, Arab youth have said the UAE is the country they would like to live in...
  • A third of the youth polled in a survey cite UAE's growing economy and opportunities it offers as attractions.
  • Ninety-nine percent of Emiratis say their country’s economy was heading in the right direction.
Business

DP World and UK’s CDC Group to create Africa investment platform

DP World will contribute its stakes in three existing ports and invest $1 billion over the next few years through...
  • DP World will contribute its stakes in three existing ports and invest $1bn over the next few years.
  • CDC is committing $320 million initially and a further $400 million over the next several years.
Economy

Lebanon leaders start conclave to plan rescue of economy

Lebanon is currently experiencing possibly the worst economic crisis in the world.
  • Members of the Lebanese government started a conclave to develop a vision on a rescue and action plan for the country
  • The conclave began at the monastery of Saint John the Citadel in Beit Meri
Business

UAE and Italy’s export credit agencies review progress of joint initiatives

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), have...
  • Etihad Credit Insurance chief says significant gains made in Halal-certified businesses.
  • The two sides explored how they can help boost the flow of goods, services and investment capital worldwide.
Economy

Arab region natural gas demand growing at ‘fastest’ pace: OAPEC

Demand for gas in the region eclipses global demand by more than twofold, the second highest in the world in...
  • Power generation in the region forms 52 percent of total consumption, with the region's energy transition plans heavily reliant on LNG import projects
  • The bloc espoused the merits of LNG output expansion in improving energy efficiency by up to 39 percent as part of efforts to reduce dependence on oil and petroleum products
Expo 2020 DUBAI

Israel’s Expo pavilion mirrors warming ties with UAE

The visits of several Israeli ministers so far show the importance the Jewish state attributes to the event.
  • The future of Israel-UAE relations depends on how they are affected by major flareups over Jerusalem or other aspects of the Israeli-Palestinian conflict.
  • The UAE has become one of Israel's top twenty trading partners in 2021. Food security, agriculture tech and water management are key areas of partnership.
Economy

IMF reaffirms ‘full confidence’ in head Georgieva

The IMF board said it "considered that the information presented in the course of its review did not conclusively demonstrate...
  • An investigation by law firm WilmerHale has concluded that the Bulgarian economist manipulated data in favor of China while in a senior role at the World Bank
  • WilmerHale's controversial findings center on the drafting of the 2018 and 2020 editions of the World Bank's report ranking countries according to their ease of doing business
Business

Is Binance moving headquarters to Dubai?

The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide....
  • Binance CEO Changpeng Zhao, according to sources, may move the operations of the world’s largest cryptocurrency exchange from Seychelles to the UAE city.
  • The cryptocurrency exchange is banned by several governments, while other countries are open to investigations into allegations such as market manipulation
Economy

Saudi eyes $100bn yearly in foreign investment as part of Vision 2030 plan

The NIS is expected to raise annual FDI flows to $103.47 billion and increase annual domestic investment to $286.33 billion...
  • The National Investment Strategy is expected to increase annual domestic investment to 1.7 trillion riyals by 2030
  • The strategy will be ‘a key enabler; of the Vision 2030 plan, announced in 2016 to diversify the economy of the world's biggest oil exporter
Infographics

Qatar, Saudi Arabia lead GCC in education spend

Qatar and Saudi Arabia lead the GCC countries when it comes to spending on education.
  • Qatar has in absolute terms spent more per capita for education than any GCC nation since 2016
  • However, when it comes to absolute totals and the share of the GDP spent on education, Saudi Arabia leads the pack

Price of natural gas in Europe falls to a 3-year low

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
Business

Company News

Latest News

Al Sada to be chairman of Rosneft

The shareholders elected a new board of directors as well.
Economy

Lebanon looks to recycling to rid streets of garbage

Beirut, Lebanon--Beirut motorists pull up to a drive-through counter -- not for fast-food, but to exchange empty bottles and cardboard for...
Economy

UAE economy set to post strong growth in second half of this year

While the global economy reels from high inflation and the war in Ukraine, the UAE looks poised for positive economic...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Iraq’s oil export revenues in June hit $7 billion, says SOMO

Baghdad, Iraq - Iraq's Ministry of Oil has said that the country's crude oil exports reached over 100 million barrels...
Business

Iraq exports crude oil worth over US$7bn in June 2023

BAGHDAD, IRAQ -   Total crude oil exports in June reached over 100 million barrels, the Iraqi government said in a...
  • The majority of these exports - amounting to almost 99 million barrels - originated from the oil fields in central and southern Iraq.
  • The average daily export volume was pegged at over 3.3 million barrels. The average price per barrel for the month was recorded at $71.11.
Economy

Saudi Arabia to compete for 17-title categories at 15th Arab Games

Riyadh, Saudi Arabia--Saudi Arabia will take part in the 15th Arab Games, "Algeria 2023," which is set to commence next...
  • The games to be held in Algeria will see the kingdom players taking part in disciplines as diverse as football, fencing, badminton, swimming and many other sports
  • Although the male representation will form the biggest component of the Saudi team at 79 percent, there will be nearly 21 percent women in the team too