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.

Majority of WTO members sign investment deal for development

The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...

Economy

Hawkish economic approach on China has bipartisan support in US, say analysts

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards...

Geostrategy

UAE, Australia discuss economic relations

UAE Minister of State Ahmed Ali Al Sayegh recently met with Australian Minister for Trade, Tourism and Investment Dan Tehan...
  • The volume of non-oil trade exchange between the two countries during 2016-2020 amounted to about $15.7 billion
  • The value of mutual investments between the two countries since 2003 exceeded $5 billion
Economy

DFSA enhances regulatory framework for the future of finance

The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and...
  • The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks
  • The authority hosts RegTech events focusing on driving compliance through innovation
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.

Majority of WTO members sign investment deal for development

The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...
Economy

Company News

Latest News

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

Saudi tourism on growth path despite hiccups

Saudi Arabia is investing $500 billion in NEOM, a future city in the northwest, expected to be a hotspot for...
Infographics

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

Most Read

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
Business

Iran makes US$54 billion in revenue from export of oil in 2022

Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according...
  • According to the estimate, Saudi Arabia earned the highest net oil export revenue among OPEC members in 2022, standing at $311 billion
  • Iraq came second at $131 billion, followed by the United Arab Emirates with $119 billion, and Kuwait came fourth at $98 billion
Economy

Oman’s GDP climbs up 4.7 percent to touch US$22.59bn in Q1

Muscat, Oman--Oman's gross domestic product (GDP) at constant prices recorded an increase of 4.7 per cent to reach $22.59 billion...
  • The jump has mainly resulted from the growth of non-oil activities, climbing up by 4.6 percent to $17.55 billion at the end of the first quarter of 2023
  • The country has seen oil activities at the end of Q1 grow by 3.5 percent to $7.32 billion as against $7.09 billion at the end of the first quarter of 2022