INSEAD Day 4 - 728x90

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

  • Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...

    One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets

    The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement

  • Rabat has pledged that prices will soon fall, and announced several initiatives to tackle market speculation, but government spokesman Mustapha...

    Official figures from February put year-on-year inflation in the North African country at just over 10 percent - a figure that also included a 20 percent jump in food prices

    In March, the central bank of Morocco raised interest rates to 3 percent in an attempt to curb inflation which is impacting low-income and vulnerable households

  • Dubai, UAE -- The World Bank and Jordan have signed two financing agreements worth $650 million for the programs of...

    The first agreement includes additional financing of $ 400 million for the program of inclusive, transparent and climate-responsive investments.

    The second agreement worth $250 million includes financing the program to enhance the efficiency of the electricity sector.

  • Beijing, China--China's economy grew much better than expected in the first three months of the year as the country reopened after...

    Chinese people, after years of travel restrictions and quarantines, have finally returned in recent months to restaurants and begun to move around more freely

    There was more growth expected in April to June as China heads into another quarter in the sweet spot, according to Ting Lu, Chief China Economist at Nomura

  • Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...

    The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital

    In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity

  • Dubai, UAE - The US dollar could record some gains as markets increasingly see a higher probability that the Federal...

    The constant surprises in US economic data during the last few weeks have focused traders’ attention on the US currency, Wael Makarem, Senior Market Strategist, MENA at Exhe added

    The Japanese yen, Makarem said,  could see more weakness against the dollar in the near term with the Bank of Japan maintaining its accommodating monetary policy

  • Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$...

    Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$ 199.0 billion in 2021

    The energy sector alone witnessed US$ 74.2 billion, or 37.3 percent growth, mainly on the back of a steep jump in profits led by Aramco

  • PARIS, FRANCE -  Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...

    The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.

    If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.

  • Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected...

    The dollar firmed on prospects of more US rate-tightening and oil prices slipped.

    Cooler inflation is said to have eased the pressure on the European Central Bank.

  • RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ) has concluded its visit to Russia...

    RAKEZ delegation met people from construction, manufacturing, information technology and fast-moving consumer goods trading.

    The audience in Russia was keen on exploring sectors such as cement, building materials, engineering services and raw materials trading.