INSEAD Day 4 - 728x90

Economy

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

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.

China pledges to ‘work with all’ for results at Abu Dhabi WTO conference

Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...

Economy

WTO launches US$50m fund for women entrepreneurs in developing countries

ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...

Geostrategy
Economy

Jordan talks economic cooperation with Denmark

Jordan’s Minister of Planning and International Cooperation Nasser Shraideh, have held discussions with Danish Minister of Development Cooperation Flemming Mortensen...
  • Jordan has called on Denmark to increase the support it gets, and focus on economic and employment opportunities programs
  • Denmark said it is ready to continue supporting Jordan and searching for additional ways to strengthen bilateral relations
Economy

UAE announces Net Zero by 2050 strategic initiative

The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.
  • The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.
  • The Ministry of Climate Change and Environment will lead and coordinate efforts to execute the initiative
Business

DAFZA share of Dubai’s non-oil trade is 11% in H1 2021

In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign...
  • In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign trade
  • As for commercial partners, China came in first at 30 percent with a trade value of AED23 billion
Expo 2020 DUBAI

Inside Saudi Arabia’s ‘window to the world’

The memorable landmark was conceived as a minimalistic prism that rises from the ground towards the sky, symbolizing Saudi Arabia's...
  • The memorable landmark was conceived as a minimalistic prism that rises from the ground towards the sky, symbolizing Saudi Arabia's unlimited ambitions
  • Visitors can also explore a giant digital kaleidoscope and an interactive digital floor at the exhibition's highlight in the 'Vision' space
Business

Masdar to build five solar plants with a capacity of 1 GW in Iraq

Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with...
  • The solar photovoltaic projects will be developed in Dhi Qar, Ramadi, Mosul and Amarah areas.
  • Iraq, the second-largest OPEC oil producer, is aiming at 20 to 25 percent of renewables in power production.
Analysis

GCC fertilizer use up in pursuit of food goals

The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more...
  • Urea demand is projected to grow close to two percent per year from 2018 to 2025.
  • Governments are turning to the private sector to help finance desalination projects to meet water needs.
Economy

IMF board meets with Georgieva amid data manipulation probe

The investigation by law firm WilmerHale released last month found that during Georgieva’s time as World Bank CEO, she pressured...
  • The investigation by law firm WilmerHale released last month found that during Georgieva’s time as World Bank CEO, she pressured staff into changing data to China's benefit
  • The World Bank has since scrapped the report that ranked nations based on their investment climate
Business

Saudi to lift ban on Qatar’s beIN Sports: source

Saudi Arabia banned the major broadcaster, which holds the rights to the English Premier League (EPL) and other top competitions,...
  • Riyadh was seeking to settle Qatar's $1 billion arbitration claim over pirate broadcasts to Saudi audiences by the BeoutQ network
  • Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut ties with Doha over allegations it supported extremists and was too close to Iran
Market Report

Rise in oil prices gives strength to Gulf markets

The Muscat Stock Exchange closed on Wednesday, up 0.17%, or 6.9 points, from the previous trading session, which amounted to...
  • International Monetary Fund expects Oman's economy to recover and grow by 2.5 percent by the end of 2021
  • Oman has run a US$ 2.3 bn budget deficit since the start of 2021 due to low oil prices and a drop in oil production
Economy

World Bank official for GCC says Saudi GDP to touch 3.3 percent in 2022

With an improvement in global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to reach...
  • Abousleiman bullish on the expansion of the Kingdom’s non-oil sector
  • Oil prices are currently at a seven-year high and this week OPEC + reiterated its decision, made in July, to raise production by a modest 400,000 barrels per day in November

China pledges to ‘work with all’ for results at Abu Dhabi WTO conference

Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...
Economy

Company News

Latest News

UAE finance ministry releases annual report, highlights achievements in 2022

ABU DHABI, UAE -  UAE Ministry of Finance (MoF) released its annual report for the year 2022 highlighting performance, initiatives,...
Economy

Saudi Arabia extends 1mbpd oil cut, Russia slashes exports

The cut which first took effect for July will continue in August and "can be extended", the Saudi Press Agency...
Business

Yellen to visit China, raising need to ‘responsibly manage’ ties

In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Al Sada to be chairman of Rosneft

The shareholders elected a new board of directors as well.
  • The new chairman has a wide experience in the energy sector and is at present chairman of the board of trustees of the Doha University of Science and Technology
  • He has served as Qatar's minister for energy and industry, apart from holding the chairmainship of the Board of Qatar Petroleum, now called QatarEnergy
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...
  • The country has seen a decline in recycling carried out by the government agencies during its three-year-long economic turmoil
  • At Drive Throw, the recyclables are sorted carefully, highlighting how recycling could be a solution to Lebanon's trash problem
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...
  • The economy is expected to sustain its growth on the back of a rise in the purchasing managers' index to its highest level in five months in May this year
  • The robust increase in new business, according to the S&P Global, underlined growing confidence across surveyed firms about economic prospects