INSEAD Day 4 - 728x90

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.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Saudi consumer spending up 4 percent in October: SAMA

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 4 percent to SAR 110 billion ($29.32 billion) in October,...

Business

Abu Dhabi’s financial sector surges 30% in Q2, non-oil growth 12%

Abu Dhabi, UAE -- The financial sector in the UAE has experienced a surge of 30 percent in the second...

Business
Arts & Culture

UAE issues first civil marriage license for non-Muslim couple

The UAE issued its first civil marriage license for a non-Muslim couple, state media reported Monday, as the Gulf country...
  • A Canadian couple was the first to marry under a new law on the personal status of non-Muslims in the Emirati capital Abu Dhabi.
  • Late last year, the UAE revamped an array of laws in a social liberalization drive designed to burnish its progressive brand.
Business

Borouge and ADNOC sign agreement

ADNOC L&S will manage integrated logistics for Borouge.
  • The pact covers transportation and handling operations for Borouge-manufactured polymer products at Khalifa Port for export.
  • The new agreement will see 85 percent of its value flow back to the UAE’s economy, accelerating the development of critical local supply chain functions.
Business

Mubadala acquires stake in Sibur

This is the company's largest investment in Russia yet.
  • The acquisition terms were agreed upon before Sibur's recent merger with TAIF.
  • In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.
Business

NMC gross revenue in Q3 up

The number of patient encounters was 6.7m, compared to 3.7m in 2020.
  • NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.
  • The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.
Business

Sharjah-Sao Paulo Business Forum explores economic cooperation

A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the...
  • More than 100 businesspersons from the two countries attended the forum organized by the Sharjah Chamber.
  • Sau Paulo state accounts for 30 percent of the entire Brazilian economy and has the largest manufacturers of sugar, juices, coffee, and fruits.
Geostrategy

UN calls for more climate adaptation cash from COP26

Climate adaptation means adjusting to the current effects of climate change and preparing for its predicted impacts in the future.
  • The approach is crucial in developing countries, which are more vulnerable to extreme weather caused by climate change.
  • The cost of adapting to climate change in developing nations could reach $300 billion in 2030, said UNCTAD.
Economy

Tunisia in bailout talks with Saudi Arabia, UAE: Central banker

The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with...
  • Power grab in July by President Kais Saied put on hold Tunisia's talks with the IMF for a fourth bailout package.
  • Years of political deadlock following 2011 revolution have left it with less than one percent growth and six percent inflation.
Geostrategy

UN urges ceasefire in Yemen’s Marib for ‘safe passage’

The security situation has been particularly difficult in Marib's Abdiya district, where the UN says the movement of aid and...
  • Many displaced people have been caught in the line of fire in Marib, home to around 2.2 million refugees.
  • The Huthis began a big push to seize Marib in February and, after a lull, they renewed their campaign in September.
Arts & Culture

For one week, Oman center-stage at T20 World Cup

The grass pitches of the 3,000-seat Al Amerat site are a long way from the days when cricket was first...
  • Oman are playing in the T20 World Cup for the second time after a 2016 debut saw them stun Ireland at spectacular Dharamsala.
  • Ranked 18 in the world, they have to negotiate a qualifying round which includes Bangladesh, Papua New Guinea and Scotland.
Expo 2020 DUBAI

France takes to the skies to celebrate Expo 2020 National Day

DUBAI: France celebrated its 'Expo 2020 National Day' with celebrations in the skies and across ten locations, with the main activities...
  • The official ceremony took place at Al Wasl Plaza in the presence of France Minister of Europe and Foreign Affairs Jean-Yves Le Drian.
  • The 'National Day' celebrations took place across ten locations.

Saudi consumer spending up 4 percent in October: SAMA

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 4 percent to SAR 110 billion ($29.32 billion) in October,...
Business

Company News

Latest News

G20 shirking ‘critical’ climate issues: UN climate chief

The G20, which accounts for about 85 percent of the world's economy and greenhouse gas emissions, will meet in New...
Geostrategy

Production of pick-up trucks and vans in Iran rises by 52-70%

Tehran, Iran -- Production of pick-up trucks and vans in Iran in the first five months of the current Iranian...
Business

OIA invests in US battery firm ONE

ONE is focused on high-density LFP-based batteries.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ADEX and National Bank of Egypt sign $100m financing agreement

This is aimed at supporting UAE export transactions to Egypt.
  • Under the terms of the agreement, a revolving loan facility of US$100 million has been established, with the primary aim of supporting transactions involving UAE exports to Egypt.
  • The Abu Dhabi Exports Office extends loans and guarantees to Emirati exporters to enhance their contributions to the economy and foster their global expansion.
Geostrategy

Egypt president calls for measures to slow birthrate

Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi called Tuesday for measures to slow the birthrate in the Arab world's most...
  • "We need 400,000 births per year," said the leader of the country of 105 million inhabitants which recorded nearly 2.2 million births in 2022.
  • Sisi intervened when his minister of health and population, Khaled Abdel Ghaffar, told a conference that "having children is a matter of complete freedom".
Infographics

Saudi construction sector employs 3 million workers

GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to...
  • The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force.
  • GCC countries face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market.