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.

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

UAE achieves a milestone in economic diversification

“This is a genuine milestone for our nation. The expansion of foreign trade is a pillar of the UAE’s economic...

Economy
Economy

IMF’s SDR allocation to benefit rich MENA nations

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.
  • The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves
  • SDR allocations will help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis
Economy

Lebanon finally launches cash subsidy cards

Lebanon’s caretaker minister of social affairs announced the cash cards on Thursday, saying they would benefit 500,000 families.
  • The total cash payments to be made amount to $556 million
  • The figure was approved by the authorities in June

Egypt’s inflation leaps up to 5.7 percent in August

Egypt's annual urban consumer price inflation rose to 5.7 percent in August, up from 5.4 percent in July, official statistics...
  • Egypt's annual urban consumer price inflation rose to 5.7 percent in August
  • Food inflation was the key driver jumping from 4.9 percent y/y in July to 6.6 percent y/y in August, the highest for two years
Analysis

GCC in hot pursuit of 2050 emission goals

The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?
  • IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement
  • DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn
Business

Iran mulls preferential trade agreement with Lebanon

The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...
  • Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s
  • The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country
Economy

Two decades after 9/11, Saudi Arabia seeks economic reform, softer image

Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed...
  • Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin Salman
  • MBS as crown prince is called, has brought a string of economic, social and religious changes
Research

HNWIs drive up luxury car sales in Gulf region

Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are...
  • Porsche Middle East and Africa’s successful implementation of new retail strategy helps in achieving the targets in Q1 2021.
  • GCC governments are committed to increasing sustainability by reducing carbon emissions.
Economy

Bitcoin in El Salvador: How will it work?

Bitcoins are loaded onto digital wallets and accessed via a mobile app. To download the wallet, one needs a Salvadoran...
  • Bitcoins are loaded onto digital wallets and accessed via a mobile app. To download the wallet, one needs a Salvadoran ID document
  • To draw or deposit cash (in dollars), the government has erected 200 Chivo automatic teller machines countrywide
Economy

UAE, Qatar least hit by graft in MENA region: Survey

Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
  • Across the MENA region, years of corruption has left countries woefully unprepared to face the COVID-19 pandemic
  • In terms of performance, the UAE and Qatar are the top regional performers on the CPI with scores of 71 and 63 out of 100 respectively
Economy

Belt and Road Initiative in GCC: A deep dive

The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...
  • Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019
  • Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China

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

Company News

Latest News

Abu Dhabi approves housing benefits worth US$844mn for 1,807 citizens

Abu Dhabi, UAE-- The emirate of Abu Dhabi has approved the disbursement of housing benefits worth US$844 million to citizens...
Economy

Qatar to head ICAO’s Technical Cooperation Committee

Doha, Qatar--Qatar has been elected to be the chairperson of the International Civil Aviation Organization (ICAO)'s Technical Cooperation Committee (TCC)....
Economy

Libya’s east-based government threatens to block oil exports

Libya's internal turmoil may worsen with the head of the country's east-based administration threatening to block oil and gas exports...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

More than 900,000 passengers to use Abu Dhabi International Airport on Eid

Abu Dhabi, UAE-- Some 900,000 passengers are expected to pass through Abu Dhabi International Airport on more than 5,000 flights...
  • Abu Dhabi Airports gave out the projected numbers ahead of an expected uptick in passenger traffic at Abu Dhabi International Airport during the Eid celebrations
  • On June 24, and June 25th, and July 2nd airport authorities expect heavy passenger traffic to pass through the emirate's five airports and expect to serve almost 65,000 passengers
Business

Iraq’s finance and business center to be a hub for trading, selling

BAGHDAD, IRAQ - The Finance and Business Center in Iraq is set to become a hub for trading and selling...
  • The Prime Minister's financial advisor emphasized the center's role in Iraq's financial and banking development strategy.
  • He said that the center would cater to both the banking and non-banking financial businesses, such as insurance companies.
Business

Aramco, TotalEnergies to construct petrochemical unit in Saudi Arabia

Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two...
  • The move "marks the start of construction work on the joint petrochemical expansion", Aramco and TotalEnergies said in a joint statement.
  • The project, first announced in 2018, represents an investment of around $11 billion, of which $4 billion will be funded through equity by Aramco and TotalEnergies.