INSEAD Day 4 - 728x90

Economy

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.

Bahrain’s central bank treasury bills oversubscribed by 226%

Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed...

Economy

WEF24: Innovation and diversification drive UAE growth

The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...

Videos
Business

Israel opens Chinese-operated $1.7bn port in Haifa

The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by...
  • It is expected to enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel
  • About 99 percent of all goods move in and out of Israel over sea, and an upgrade is needed to maintain economic growth
Economy

Egypt gained most from Islamic Development Bank in 2020

IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.
  • IsDB gave out around $6.8 billion to various nations last year
  • Egypt’s share in that, at $1.13 billion, amounted to around 17 percent
Economy

UAE outsmarts competitors in luring foreign investors

The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...
  • The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
  • In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021
Economy

Israel’s budget passes first hurdle in parliament

The budget proposal was approved in August by the coalition government of Prime Minister Naftali Bennett
  • The budget proposal was approved in August by the coalition government of Prime Minister Naftali Bennett
  • The budget bill will now go to committee before being submitted for final approval at a second or third reading in the autumn

UAE’s non-oil trade with Arab countries hits AED191bn in H1

The non-oil trade between the UAE and Arab countries grew 29 percent to AED191 billion in the first half of...
  • UAE’s Minister of Economy Abdulla bin Touq Al Marri calls for greater efforts to increase intra-Arab trade
  • He underlines the UAE’s support for all relevant regional efforts, made within the Greater Arab Free Trade Area (GAFTA) and the Arab Customs Union
Geostrategy

Iran discusses oil cooperation with China

Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...
  • Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC
  • CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday
Economy

UAE announces 50 national development projects

The projects are expected to lay the foundations for further growth of the UAE.
  • The economic and developmental projects will foster a competitive business environment
  • This is expected to attract investors, innovators, entrepreneurs, and talents from across the world
Geostrategy

IsDB launches $100m fund in Uzbekistan

The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.
  • The economic development fund is expected to generate 100,000 jobs in the country which is struggling with poverty
  • The new fund is part of the IsDB’s series of development activities in Uzbekistan, which so far stand at $2.4 billion in value
Arts & Culture

Colonial-era architectural heritage at risk in Tunis

Built by Italian and French architects and businesspeople, such buildings are associated with colonialism
  • Built by Italian and French architects and businesspeople, such buildings are associated with colonialism
  • Built just outside Tunis's traditional Arab medina they were meant to "modernise" the city
Economy

Iran may see power-supply problems in winter

The Energy Ministry could face serious problems in meeting electricity demand in winter if power plants did not get fuel
  • The Energy Ministry cannot reduce supply to the domestic sector in winter
  • Therefore, it must supply liquid fuel to power plants in advance to keep up with demand

Bahrain’s central bank treasury bills oversubscribed by 226%

Manama, Bahrain--Central Bank of Bahrain (CBB) announces that the $93 million monthly issue of Government Treasury Bills has been oversubscribed...
Economy

Company News

Latest News

India’s Modi, Egypt’s Sisi pledge to deepen strategic partnership

Indian Prime Minister Narendra Modi met Egypt's President Abdel Fattah al-Sisi in Cairo on a rare visit during which both...
Geostrategy

UAE discusses tourism with India, UK, Indonesia and Japan

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...
Geostrategy

Sharjah real estate transactions in May valued at US$653m

SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi Arabia hosts the biggest hajj pilgrimage in years

Islam's holiest site is expected to host more than two million worshipers from 160 countries during the annual rites that...
  • The hajj began early on Sunday with the "tawaf" -– the circumambulation of the Kaaba, the large cubic structure draped in black cloth with gold trimmings
  • This year’s pilgrimage will be the biggest since Saudi Arabia scrapped rules in 2021 that banned women who weren't accompanied by a male relative
Economy

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...
  • Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed, and chairman of the Abu Dhabi Executive Council, approved the grant for 1,807 citizens in Abu Dhabi
  • Two grants will go toward ready-made housing for low-income individuals worth $272 million, and another for housing loans to citizens worth $571 million
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)....
  • ICAO council member states voted Qatar's permanent representative in the council Essa Abdullah Al Malki as the chairperson of the ICAO's TCC
  • The TCC is tasked with assisting and advising the council on reviewing ICAO policies on technical cooperation, assistance, training, and operational plans