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.

Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors

The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and...

Tax or no tax, UAE aims to remain magnet for investors

The G7 powers have endorsed an agreement on a global minimum corporate tax  The UAE is one of the world's...

FTA announces law reform to help taxpayers

It confirmed as much during its first tax agent virtual session of 2021 The reforms will entail amending some provisions...

Saudi GDP drops 3% in Q1 as oil sector takes a hit from low output

The main reason for the drop was the 11.7 percent contraction in the oil sector Private sector and non-oil sector...

Saudi Arabia wants to be first trading partner of Egypt

There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion  More than 518 Egyptian companies operate in...

Egypt’s food inflation to get worse as economy revs up

Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to...

France to invest 3.8bn euros in Egypt projects

Egypt's public transport, renewable energy sectors among 9 other projects to receive investment With the billions in financing, Egypt has...

Abu Dhabi most liveable city in Middle East

The Economist Intelligence Unit's Global Liveability Index ranks 140 most liveable cities in the world Abu Dhabi's top rank attributed...

Lebanon currency drops to new low as financial meltdown deepens

The Lebanese pound has lost around 90% of what it was worth in late 2019 Matters made worse by the...

Saudi economy is 30% of $2.39 trillion Arab economy

The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab...

Arab countries public expenditure climbs to US$957.5bn in 2022: AMF

Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...

Company News

Latest News

Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities   

DOHA, QATAR -  The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...

US consumer inflation drops 11th straight month

WASHINGTON, US - Consumer inflation in the United States cooled for an 11th straight month in May, the Labor Department said...

Saudi Arabia announces international conference on Sudan aid

Saudi Arabia announced that it would jointly lead a conference on the humanitarian response to the war in Sudan next...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Stock markets rise globally on cooling US inflation

Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its...
  • The dollar fell against other major currencies as the greenback usually benefits from higher interest rates.
  • The US central bank has raised interest rates 10 straight times in efforts to combat elevated inflation.

HUB71 reveals winners of The Outliers Program to address industry challenges

ABU DHABI, UAE -  Hub71, Abu Dhabi's global tech ecosystem, on Tuesday announced the winners of The Outliers Program, which...
  • Participating startups have been recognized for their innovative solutions in various challenges set by Hub71’s strategic partners as part of The Outliers.
  • The winning startups were successful for the companies’ ability to implement innovative products and services that can have a positive impact.

UN calls on Libya to treat migrants, asylum seekers with dignity

War-torn Libya is regularly criticised for its handling of migrants, with rights groups alleging horrific treatment by smuggling gangs and...
  • Libyan authorities have arrested thousands of men, women and children from the streets and their homes or following raids on alleged traffickers' camps
  • Libyan authorities must grant United Nations agencies and aid organizations "unimpeded access to detainees in need of urgent protection", UNSMIL added