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.

NHC signs strategic deals worth $8 billion at the opening of Real Estate Future Forum 2025

Riyadh, Saudi Arabia - The National Housing Company (NHC) has signed a series of agreements, deals, and memoranda of understanding...

Economy

Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace

The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...

Geostrategy
Economy

UAE national banks provide $11bn in financing to commercial, industrial sectors

Dubai, UAE - National banks in the UAE have increased their credit financing to the business and industrial sectors by...
  • The data reveals that the UAE banks provided a total of $201 billion to the business and industrial sectors by April 2023
  • Traditional banks were the primary source of credit financing for these sectors, providing $184 billion or 82.5 percent of the total
Arts & Culture

Saudi Arabian Football Federation launches funding program for women clubs

RIYADH, SAUDI ARABIA – The Saudi Arabian Football Federation (SAFF) announced unprecedented funding and support for women’s football clubs. This...
  • SAFF will provide financial help to Saudi Premier League and Women's First Division clubs and will allocate US$13 million for the purpose.
  • Only those clubs which have a SAFF membership and Nafes license to participate in women’s tournaments will be eligible for the funding.
Economy

Remittance flows to Egypt to surge by 3.1% in 2023: World Bank

Cairo, Egypt - The remittances to Egypt, the biggest recipient of such flows in the MENA region, are set to...
  • Remittances, which amount to billions of dollars, play a crucial role in supporting the national economy
  • The majority of the remittances sent by the diaspora, half of which lives in GCC nations, go back to Egypt
Business

Middle East airlines set to hire 78,000 cabin crew, 28,000 pilots by 2032

Dubai, UAE - The Middle East region is expected to experience a demand for 78,000 cabin crew members, 28,000 commercial...
  • The global aviation sector will need1.3 million professionals in various roles within the next ten years
  • Although the aviation industry has been impacted by the COVID-19 pandemic, the report remains optimistic about the ongoing recovery process
Business

Saudi Al Hilal signs Senegal defender Kalidou Koulibaly

Riyadh, Saudi Arabia - Saudi Al Hilal club announced on Sunday the signing of Senegal defender Kalidou Koulibaly to join...
  • Koulibaly scored two goals in 32 appearances in all competitions for Chelsea after joining them from Napoli last July.
  • He is the second player moving to Al Hilal from the English Premier League after Portugal midfielder Ruben Neves signed from Wolves
Business

AD Ports Group, Premier Marine set up a JV SAFEEN Drydocks

ABU DHABI, UAE -  AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering...
  • AD Ports Group will own 51 percent of the joint venture and the remaining 49 percent by Premier Marine.
  • The new enterprise will offer a broad range of vital services including drydocking, afloat repairs, ship building and refurbishment.
Business

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...
  • The report issued by Sharjah Real Estate Registration Department revealed that 3,540 transactions were recorded in various regions across the emirate.
  • The report indicated that the real estate sector has maintained its leading position as a preferred choice for those wishing to buy or invest in Sharjah.
Economy

KSA outsources work worth US$693m for achieving Saudi Vision 2030

RIYADH, SAUDI ARABIA - The Minister of Human Resources and Social Development and Chairman of the Board of Directors of...
  • The minister said by executing many projects, the non-profit sector has contributed to achieving national development.
  • He said one of the achievements has been the development of the incorporation procedures of non-profit organizations within four days.
Geostrategy

Putin slams ‘treason’ as forces tackle Wagner revolt

After Putin's speech accusing him of treason, Prigozhin launched a second broadside. "On treason of the motherland: the president is...
  • The rapidly escalating events mark the most serious challenge to the Kremlin chief's long rule, and Russia's most serious security crisis since the strongman came to power in l999
  • Wagner chief Yevgeny Prigozhin, once a close Putin ally, said his troops had taken control of the military command centre and bases in the southern city of Rostov-on-Don
Business

Blockchain startup Metatime raises $25m in investment

New York, United States - Metatime, a blockchain technology company, has so far raised $25 million through crowdfunding, pre-sales, and...
  • The investors included Yildiz Tekno Venture Capital Investment Trust, Yildiz Technical University Technopark, and telecommunications and financial institutions
  • Metatime aims to integrate blockchain solutions into various sectors such as energy, tourism, insurance, CRM, advertising, cybersecurity, and virtual reality

NHC signs strategic deals worth $8 billion at the opening of Real Estate Future Forum 2025

Riyadh, Saudi Arabia - The National Housing Company (NHC) has signed a series of agreements, deals, and memoranda of understanding...
Economy

Company News

Latest News

DMCC witnesses 10 percent rise in US companies in 2023

DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in...
Business

Saudi foreign minister meets UNRWA chief in Riyadh, promises support

Riyadh, Saudi Arabia — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received Philippe Lazzarini, commissioner general of the...
Geostrategy

Biden’s age under renewed scrutiny following damning revelations in documents investigation

Even before the special counsel report the White House was already on the back foot, facing repeated questions at a...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Saudi Crown Prince says will work for Gulf unity and prosperity of its people

Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Wednesday said he will make efforts to achieve the unity...
  • Mohammed bin Salman said this while co-chairing the 3rd meeting of the Saudi-Bahraini Coordination Council with his Bahraini counterpart
  • The two leaders witnessed the announcements about key joint projects and signing of a number of agreements and memoranda of understanding
Economy

44% of workers’ core skills will be disrupted by 2027: WEF

The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will...
  • The global unemployment rate could rise from 5.1% to 5.2% in 2024, with an extra two million workers expected to be looking for jobs
  • The impact of AI on jobs was not going to be "an employment apocalypse", but that reskilling, upskilling would be key to managing the transition
Geostrategy

Saudi Arabia to US: No Israel ties until Palestinian statehood within 1967 borders

Riyadh, Saudi Arabia - Saudi Arabia on Tuesday explicitly conveyed to the United States its stance on diplomatic relations with...
  • The announcement comes amidst ongoing discussions between Saudi Arabia and the US regarding the Arab-Israeli peace process
  • The spokesperson for the US National Security Council had recently commented on these discussions, further emphasizing their significance