INSEAD Day 4 - 728x90

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.

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.

Microsoft retires Skype, the online voice and video call pioneer

San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...

Science

UAE, France discuss bilateral ties, sign AI cooperation deal

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...

Geostrategy
Economy

UAE construction sector logs 135% growth in project announcements

Dubai, UAE - The UAE has witnessed 135 percent year-on-year (YoY) growth with AED 49.25 billion ($13.37 billion) project announcements...
  • The surge in project awards is equally impressive, rising from $9.10 billion to $13.36 billion
  • The figures underscore the significant investments being made in the UAE's infrastructure development

CBUAE Governor, IMF Managing Director explore areas for cooperation

Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways...
  • Balama and Georgieva discussed efforts by the IMF and central banks toward enhancing the integrity of the financial system and supporting global economic growth
  • The CBUAE's ambitious agenda for green financing, aligned with the UAE's strategy for sustainable economic growth and financial stability, was also a key topic of discussion
Business

Governments should provide incentives for green finance, says Dubai Chambers’ webinar

DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in...
  • The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers.
  • The webinar provided valuable insights and guidance aimed at helping companies to access green finance, attract green investment projects.
Economy

Saudi Arabia tops MENA region in venture capital investment during H1 2023

Riyadh, Saudi Arabia - Saudi Arabia is the top-ranked country in the MENA region in terms of Venture Capital funding...
  • The Kingdom accounted for 42 percent of the total capital deployed in the region during H1 2023, up from 31 percent in 2022.
  • -commerce and retail were the highest sector in the Kingdom by the amount of funding and by number of deals in H1 2023
Business

Dar Al Arkan issues sukuk of $600m

issuance is the ninth tranche Sukuk program in US dollars.
  • The maturity period is of five years at a profit rate of 8 percent annually.
  • The issuance order book reached US$1.64 billion (SAR 6.15 billion).
Economy

Turkish President Erdogan concludes economy-driven Gulf tour in UAE

The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage...
  • The UAE and Turkey have signed numerous strategic agreements and MoUs to boost bilateral cooperation across various sectors
  • In 2022, non-oil trade between the UAE and Turkey reached nearly US$19 billion, reflecting a substantial increase from previous years
Geostrategy

Erdogan’s visit: Qatar and Turkey seek to deepen strategic partnership

Qatar’s emir Sheikh Tamim bin Hamad Al-Thani praised Turkey's efforts to improve the country's financial situation and reduce inflation rates...
  • Erdogan and Sheikh Tamim also discussed important regional and international developments and witnessed the signing of a joint statement
  • Erdogan recognized Qatar's inherent economic potential and its balanced growth rates, saying it was one of the most robust economies in the region
Business

EdVentures and VMS partner to propel EdTech industry in the MENA region

Dubai, UAE - EdVentures, an Edtech corporate venture capital firm in the MENA region, has announced a strategic partnership with...
  • The partnership between the two companies will allow both companies to support a greater number of Edtech startups
  • EdVentures will provide startups with its specialized incubation while VMS will leverage its network to offer essential guidance and mentorship
Business

Qatar: Commercial Bank profit rises by 8.5%, Masraf Al Rayan’s dips by 24%

Doha, UAE - The Commercial Bank, a Qatari public shareholding company, experienced an 8.5 percent upswing in net profit, reaching...
  • The figures issued by the bank website showed an increase in the EPS of Commercial Bank of QR 0.37 ($0.10) in the first half of 2023
  • The financial statement of Masraf Al Rayan revealed a decline in net profits by 24 percent, to $207.12 million in H1 2023
Economy

UAE ranks first in Arab region and 29th globally in UN Industrial Performance Index

Abu Dhabi, UAE - The United Arab Emirates (UAE) has secured the top spot in the Arab region and risen...
  • This index gauges and compares the strength of industrial competitiveness within countries
  • The UAE has remained in the CIP’s top quintile, reflecting its position as a regional and global player in the industrial sector

Microsoft retires Skype, the online voice and video call pioneer

San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
Science

Company News

Latest News

Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023

DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...
Business

MENA print media revenues fell 30% from 2018 to 2022: survey

The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...

Saudi tech firm Alat to ally with Softbank, Carrier Corp, Tahakoum, Dahua Tech

Riyadh, Saudi Arabia - Alat Company, a subsidiary of the Saudi Public Investment Fund (PIF), has announced four global partnerships...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi retail is 23% of non-oil GDP, expected to grow to $122.6bn in 2024

Riyadh, Saudi Arabia - Saudi Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail said on Monday that the...
  • Saudi Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail emphasized the crucial role of the retail sector as a major economic driver
  • He expressed optimism that discussions at the summit would contribute to the sector's development and overall service enhancement

Domestic Haj pilgrims in Saudi Arabia guaranteed compensation for lodging issues

Riyadh, Saudi Arabia - Saudi Arabia has announced that domestic pilgrims will be eligible for compensation in the event of...
  • According to the Ministry of Hajj and Umrah, pilgrims will receive a 10 percent refund of their package value if there is a delay of more than two hours in obtaining accommodation
  • In cases where the service provider fails to deliver the promised accommodation, the ministry will oversee housing arrangements, and the associated costs

Saudi stock market hits 12,500 points, highest since August 2020

Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its...
  • The increase can be attributed to the positive momentum generated by the disclosure of financial results, the majority of which met anticipated outcomes
  • The gains in the Agriculture & Food, Building & Construction and Hotels & Tourism sectors also led shares higher