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.

Strategic initiatives help UAE lead digital economy

“This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...

Economy

Norway deal averts Palestinian financial collapse: govt

The portion of the revenues that Israel will transfer to Norway will remain in a Norwegian account until the parties...

Geostrategy
Business

Messi, Neymar’s club PSG to play in Riyadh Season Cup

PSG boasts a stellar line-up, with the likes of Lionel Messi, Neymar, Kylian Mbappé, and Sergio Ramos taking to the...
  • The tournament will be played in January next year as part of the second edition of Riyadh Season
  • The event, which celebrates the city, will be held from October 2021 to March 2022
Economy

UAE paradigm shift: Equal pay for both genders

On September 18, the UAE joins countries worldwide in celebrating International Equal Pay Day. It was approved by the United...
  • The country was ranked 18th in the Gender Inequality Index (GII) of the UNDP Human Development Report 2020
  • The UAE was ranked first across the Arab world in the World Economic Forum Global Gender Gap Report for 2021
Economy

UAE, UK partner to counter illicit financial flows

The partnership offers a platform to build a stronger and more enduring strategic partnership, advancing the priorities laid out in...
  • The agreement is part of the new Partnership for the Future between the two countries
  • The partnership will enhance intelligence sharing and joint operations against organised crime networks
Interview

World on path to 2.7C warming, warns UN chief

Instead of the reductions needed to avoid the worst effects of climate change, global emission are likely to see "a...
  • The figure would shatter the temperature targets of the Paris climate agreement
  • Under the landmark 2015 Paris deal, nations have committed to slash emissions
Economy

Region’s private equity market set to revive

The region’s industry executives are working hard to improve the dented image and put the sector back on track by...
  • Bahrain-based Investcorp Holding, the region’s biggest private equity and alternative asset manager, is looking for fresh deals after the pandemic made companies cheaper to buy
  • Globally, the PE firms manage about US$3 trillion of capital for various investors but in Middle East, they manage a nominal US$18 billion
Business

UAE to establish business council with Estonia

The council will aim to enhance bilateral economic and trade relations between the two countries.
  • The MoU was signed by Abdullah Mohammed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry
  • Peeter Raudsepp, CEO of Enterprise Estonia, signed the agreement on behalf of his country
Business

Dubai-France trade reaches AED8.5 billion in the first half of 2021

DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according...
  • The emirate sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to DP World chairman.
  • Top commodities included jewelry, perfumes, medical products, textiles and leather.
Geostrategy

First Iranian fuel deliveries reach Lebanon

Lebanon has been without a government for more than a year, and the main priority of Prime Minister Najib Mikati's...
  • The first Iranian ship with fuel reached the Syrian port of Baniyas earlier this week
  • The cargo was offloaded there and trucked to Lebanon, the first of several planned deliveries
Economy

Yemenis protest hardship in govt-controlled south

Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls.
  • Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls
  • Yemen's economic woes stem from the seven-year conflict between Huthi rebels and government forces
Economy

Wa’ed to fund first Saudi facility to make oil, gas drilling compound

  Wa'ed, the entrepreneurship arm of Aramco, has approved a plan to finance construction of a factory in Jubail that...
  • The 3.75 million SAR loan to SICCO, a Jubail-based start-up, is part of Wa'ed's strategy of empowering Saudi businesses
  • SICCO plans to make calcium bromide, a clear liquid used to regulate wellbore pressure in onshore and offshore oil and gas wells

Strategic initiatives help UAE lead digital economy

“This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...
Economy

Company News

Latest News

Abu Dhabi first quarter GDP up 3.9% on strong non-oil growth

Official data show a 6.1 percent growth in non-oil GDP during the first quarter of 2023, driven by strong performances...
Economy

Bahrain central bank $185m Treasury bills oversubscribed 109%

Manama, Bahrain -- Treasury bills valued at Bahrain Dinar 70 million ($185 million) issued this week by the Central Bank...
Business

Cruise visitors to Qatar in 2022-23 rise 151 percent

DOHA, QATAR -  New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Equities, ruble sink as traders eye Russia after failed uprising

While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts...
  • The ruble sank to 87 to the dollar -- its weakest level since March last year in the early days Putin's invasion of Ukraine -- as traders reacted to the developments in Russia
  • Oil prices rose around one percent though with concern about demand owing to rate rises keeping gains limited, while futures for European natural gas jumped more than eight percent
Economy

EIB to finance Jordan’s upgrade of water-supply system with US$66.52mn

Amman, Jordan--The European Investment Bank (EIB) has approved the provision of $66.52 million for Jordan to upgrade the water supply...
  • EIB said the project will improve the quality of drinking water in the area and reduce the loss of water due to leakage from the major water networks
  • Late last year, EIB singed a $218 million loan agreement with Jordan to construct a desalination project between Aqaba and Amman, to be completed in 2028
Economy

Remittance flows to Egypt to surge by 3.1% in 2023: World Bank

Cairo, Egypt - The remittances to Egypt, the biggest recipient of such flows in the MENA region, are set to...
  • Remittances, which amount to billions of dollars, play a crucial role in supporting the national economy
  • The majority of the remittances sent by the diaspora, half of which lives in GCC nations, go back to Egypt