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.

‘Innovative startups key to national prosperity’

"Investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many...

Economy

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
Science

GCC nations eye Hyperloop travel by 2030

It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab...
  • It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Arab Gulf states using clean and renewable energy
  • The Dubai government owned DP World has granted permit to Virgin Hyperloop to develop the technology in the emirate
Economy

UAE Central Bank to do away with Covid stimulus measures

The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced...
  • To leave lower reserve requirements for banks unchanged
  • The liquidity in the banking system and banks’ capital buffers remained adequate
Business

UAE, China discuss strategic ties, common concerns

The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.
  • Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation attended the discussions for the UAE
  • He spoke on the phone with Wang Yi, State Councilor and Foreign Minister of China
Economy

Non-oil sectors fuel Saudi economic growth

Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real...
  • The overall Saudi Arabia's GDP in Q2 of 2021, according to the General Authority for Statistics, has been 1.8 percent
  • The robust growth was witnessed in real estate (12 percent), non-oil manufacturing (15 percent), and wholesale, retail trade restaurants, and hotels (16.9 percent)
Business

Innovation, partnerships put Dubai at forefront of financial markets: Analysis

DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai...
  • Dubai Competitiveness Office cited DIFC's example, which was ranked amongst the top 15 global financial centers consistently.
  • Financial market ecosystem in the emirate is well-positioned to enable capital flows.
Business

Saudi Arabia reaches out to France for stronger economic ties

The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.
  • The Minister of Investment of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, is on an official visit to France
  • He is accompanied by a high-level Saudi delegation from government agencies, national companies, and representatives of the private sector
Economy

Lebanon’s only suicide hotline inundated

There are dozens of such calls every day, and around 1,100 a month, in a nation that has seen an...
  • There are dozens of such calls every day, and around 1,100 a month, in a nation that has seen an exodus of healthcare specialists to treat anxiety, depression and psychosis
  • The number of children phoning in has also risen, with people under the age of 18 accounting for 15 percent of callers in July, up from less than 10 percent in previous months
Economy

US, EU step up Yemen aid but UN warns millions face hunger

The United States promised an additional $290 million but said the ultimate solution was to end the war
  • The United States promised an additional $290 million but said the ultimate solution was to end the war
  • Oxfam said around $600 million was pledged in total, although the UN plea for $3.9 billion to help Yemen was still underfunded by around $1 billion
Business

Dubai records $327m realty deals in week ending Wednesday

The deals consisted of 266 real estate sales transactions worth AED849.88 million.
  • August 2021 was the second-highest month since December 2013 in terms of the number of sales transactions in one month.
  • The real estate market in Dubai is seeing sustained growth in the run-up to Expo 2020 Dubai.
Economy

UAE, India talk on Economic Partnership Agreement

It is the second deal that Dr. Al Zeyoudi is pursuing this month, following negotiations with Indonesia, as the UAE...
  • Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, is in New Delhi to discuss trade and investment relations
  • It is the second CEPA deal that Dr. Al Zeyoudi is pursuing this month, following negotiations with Indonesia, as the UAE accelerates its global trade agenda

‘Innovative startups key to national prosperity’

"Investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many...
Economy

Company News

Latest News

Price monetary policy tools strong in managing public funds: Iraq official

Baghdad, Iraq-- An advisor to Iraq's Prime Minister said the country has effective price monetary policy tools to manage public...
Economy

World Bank approves $1bn for Turkiye’s earthquake reconstruction

Ankara, Turkiye - The World Bank has announced its approval of $1 billion in financing to assist Turkiye in the...
Economy

UAE offers the world an eco-friendly economic model

“The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Italy warns against ECB decision to increase interest rates

The central bank has hiked rates at the fastest pace ever over the past year in a bid to cool...
  • "The ECB's simplistic recipe of raising interest rates does not appear to many to be the right way forward," Italian PM Meloni said in a speech.
  • Meloni was reacting to ECB President Christine Lagarde's warning Tuesday that the bank would "continue to increase rates in July".
Economy

Markets rise as upbeat US data plays against rates outlook

Wall Street popped higher Tuesday after a string of readings soothed concerns about a possible recession, while traders were also...
  • President Joe Biden said on Tuesday that while economists had predicted a contraction was on the way, it still had not materialized.
  • Investors are now keeping tabs on a meeting in Portugal where speakers include top central bankers including Fed boss Jerome Powell and the head of the European Central Bank.
Economy

Qatar’s nominal GDP to hit $227.3bn in 2023, inflation 3%

Dubai, UAE -- Qatar's nominal GDP is expected to reach $227.3 billion in 2023 and $228.8 billion in 2024, driven...
  • The report forecasts real GDP growth to reach 2.3 percent in 2023 and 2.6 percent in 2024.
  • The report forecasts the current account surplus to reach 20.8 percent of GDP in 2023 and 22.8 percent of GDP in 2024.