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.

Bahrain’s central bank treasury bills oversubscribed by 226%

Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed...

Economy

WEF24: Innovation and diversification drive UAE growth

The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...

Videos
Economy

Saudi Arabia contactless payments highest in MENA region

Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.
  • This is part of the Saudi Central Bank’s strategy to build on the goals of the Financial Sector Development Program
  • The program aims to reduce cash transactions while raising electronic payments to 70 percent of all transactions by 2025
Business

UAE’s new data law promises privacy

The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's...
  • The law would include the right to be forgotten, the right to access, and the right to information
  • It will have a low cost of compliance, so as not to burden Small and Medium Enterprises
Business

Taxation and confiscation to rein in crypto market

Last few years have seen a lot of tension between governments and central banks around the world, on the one...
  • Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
  • Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.
Economy

Regional divergences mark global trade rebound: WTO

Supply-side issues such as semiconductor scarcity and port backlogs may strain supply chains and weigh on trade in particular areas,...
  • The forecast projects export volume growth in 2021 will be 9.3% in the Middle East
  • The current trade projections, according to the forecast, imply that the ratio of trade growth to GDP growth will rise to 2.0:1 in 2021
Infographics

UAE, Saudi Arabia lead regional innovations

The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading...
  • Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world
  • The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index
Economy

Jordan discusses economic recovery with World Bank

Jordan’s King Abdullah II on Sunday received World Bank Group President David Malpass at the Basman Palace.
  • Jordan commended the World Bank’s prompt response to the priorities it raised in July
  • Thar included working with the government on its 2022-2023 plan, which seeks to enhance the economy’s resilience and recovery
Arts & Culture

Art sales rebound to an all-time high of $2.7 billion after Covid-19 slump

Sales soared between June 2020 and June 2021 as auctioneers quickly adopted a more online approach.
  • NFTs, or "non-fungible tokens", allow people to buy the rights to online art, including images, animation or even tweets.
  • In March, US artist Beeple sold an NFT of his digital artwork "Everydays: The First 5,000 Days" for $69.3 million.
Economy

Expert at AVSEC symposium: Need to rethink security approaches

The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts,...
  • The three-day event will host 35 speakers and over 700 delegates from more than 50 countries.
  • Held since 2013, the symposium is one of the most significant aviation security events in the region and one of the biggest globally.
Research

R&D in Arab world: Challenges and successes

Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely...
  • Jordan's ratio of researchers to its citizens was 150 percent of that of its closest competitors.
  • Saudi Arabia spared the highest--$12.5 billion--funds for research and development in the Middle East and Africa Region,
Business

Hyperloop to become a reality in years, not decades: CEO DP World

Hyperloop, which is expected to transport passengers and freight at a speed of an airplane, could become a reality before...
  • Sultan Ahmed bin Sulayem said India and Saudi Arabia might roll out the transport system first.
  • DP World has invested in Virgin Hyperloop, which tested human travel in a hyperloop pod for the first time in 2020.

Bahrain’s central bank treasury bills oversubscribed by 226%

Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed...
Economy

Company News

Latest News

France, UAE share vision to shift towards clean energy

PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...
Geostrategy

Apple tops $3trn in market value

Wall Street rises as US consumer inflation moderates.
Business

OFID, partners offer $60m loan to Tanzania for renewable energy

VIENNA, AUSTRIA -  A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

IMF and Pakistan reach $3 billion stand-by deal

Pakistan's negotiations with the IMF for the last tranche of a $6.5 billion bailout package agreed in 2019 stalled in...
  • The economy has been stricken by a balance-of-payments crisis, while months of political chaos have scared off potential foreign investment
  • Inflation has rocketed, the rupee has reached a record low against the dollar, and the country can no longer afford imports
Geostrategy

Lack of Lebanon reforms threatens stability, says IMF

The International Monetary Fund warned in a report that Lebanon's failure to implement reforms could have "irreversible" consequences for the...
  • In April 2022, Lebanon and the IMF reached a conditional agreement on a $3-billion-dollar loan needed to save the economy.
  • Lebanese officials have still yet to enact the substantial changes required to kickstart the 46-month financing program.
Economy

US first quarter economic growth 2 percent after strong consumer spending

Washington, United States - US economic growth came in at two percent in the first quarter this year, the Commerce Department...
  • The growth of 2 percent for US economy is markedly higher than the annual rate of 1.1 percent originally estimated.
  • However, GDP growth in the world's biggest economy has still cooled from 2.6 percent in the final three months of 2022.