INSEAD Day 4 - 728x90

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.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...

Science

UAE’s tech industry set to achieve record growth in 2025

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion...

Economy
Economy

Saudi Arabia to invest $3bn in three new solar projects

Riyadh, Saudi Arabia ‒ The Public Investment Fund (PIF) owned Water and Electricity Holding Company (Badeel) and ACWA Power are investing $3...
  • The solar projects are part of the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy
  • These projects intend to produce a combined capacity of 4.55GWac of renewable energy, powering approximately 750,000 households
Arts & Culture

NEOM’s first international exhibition held in Venice

Venice, Italy - More than 20 of the world’s leading architects, designers, and future thinkers led a major opening event...
  • Sir Peter Cook, Massimiliano Fuksas, Jean Nouvel and Ben van Berkel were among the world-renowned architects who joined CEO Nadhmi Al-Nasr on stage
  • Set in the historic Abbazia di San Gregorio, one of Venice's oldest buildings, the exhibition's focal point is a large-scale 9x13m relief plan of NEOM set in the central courtyard
Economy

Saudi Arabia signs a $39m pact with the Global Fund to fight pandemics

Geneva, Switzerland – The Saudi Fund for Development (SFD) signed on Friday a $39 million multiyear contribution agreement with the...
  • The grant will support the fight to end global pandemics and strengthen health and community systems
  • Over the last 20 years, the Global Fund has worked to fight the world’s three deadliest epidemics: HIV, TB, and malaria

NASA taps Bezos’s Blue Origin to build Moon lander

Washington, United States - Two years after awarding Elon Musk's SpaceX a contract to ferry astronauts to the surface of the...
  • Bezos, the founder and former CEO of Amazon, said on Twitter he was "honored to be on this journey with @NASA to land astronauts on the Moon - this time to stay."
  • The Artemis program marks NASA's return to the Moon after more than 50 years and is made up of several missions, each with increasing complexity
Business

TRENDS Poll: 36% believe GCC banks threatened by US, Europe banking crisis

Due to the GCC's strong linkages with the global banking system, concerns have risen that the banks in the region...
  • The poll question asked: Are GCC banks under threat from the banking crisis in the United States and Western Europe?
  • Due to the GCC's strong linkages with the global banking system, concerns have risen if the banks in the region will face the same struggles
Business

Mubadala invested $29 billion in 2022 in sectors that shape future 

Abu Dhabi, UAE - Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including...
  • The company participated in deals in the healthcare sector, investing in Envirotainer, a cold chain solutions provider for the pharmaceutical industry
  • In the renewable energy sector, Mubadala invested USD 525 million with India’s BlackRock Real Assets in Tata Power Renewables
Business

Digital banking services use in UAE is now 100%: Bank federation chief

Dubai, UAE – UAE Banks Federation (UBF), the representative of UAE banks, revealed on Friday that the rate of digital...
  • UAE ranks second globally in terms of customer confidence in banks at 84% in 2022, according to the annual index of the UAE Banks Federation
  • UAE leadership in digital banking is underpinned by the adoption of the Digital Transformation Strategy by the Central Bank of the UAE in 2022
Geostrategy

Ajman Chamber, Belgium Embassy discuss trade opportunities

AJMAN, UAE -   Chairman of the Ajman Chamber of Commerce and Industry (ACCI) Abdullah Al Muwaiji discussed trade and investment...
  • The meeting aimed to strengthen economic ties and promote Ajman as an attractive investment destination.
  • The discussions focused on bilateral economic, trade investment relations, tourism, industry, trade, education, health.
Economy

Digital literacy to boost UAE’s tech, AI revolution

The goal is to create a prosperous digital economy, built upon a robust digital infrastructure and a regulatory and legislative...
  • The goal is to create a prosperous digital economy, built upon a robust digital infrastructure and a regulatory and legislative framework, says UAE Minister of State for AI
  • The UAE’s approach is multi-pronged, concentrating on skill development, nurturing digital competencies, encouraging innovation and cultivating entrepreneurship, he adds

Hyatt to develop tourist destinations in Saudi Arabia

Riyadh, Saudi Arabia - Saudi Arabia’s Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding with...
  • The destinations may include beach and urban hotels, as well as mountain, desert and farm retreats
  • They will be developed under Hyatt’s existing trademarks, such as Alila Resorts, Park Hyatt, Grand Hyatt etc

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
Science

Company News

Latest News

Saudi Arabia’s Red Sea Global deploys robot for Red Sea, Amaala beach cleanup

Riyadh, Saudi Arabia - Red Sea Global, a company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia,...
Business

Luxury ‘Dream of the Desert’ train coming to Saudi Arabia in 2025

Riyadh, Saudi Arabia - Saudi Arabia Railways (SAR) and the Italian Arsenale Group have officially inked an agreement to introduce...
Economy

Iran, Turkiye ink contract to connect power grids

Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arts & Culture

Riyadh Season 2023 on track to outshine previous edition with over 15m visitors

Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million...
  • The accomplishment was announced on Wednesday, highlighting the success in achieving the target number of visitors before the conclusion of the event
  • Comparatively, the first edition of Riyadh Season in 2019 attracted more than 9.6 million visitors, while the third edition in 2022 saw a turnout of over 13 million visitors
Business

Emirates Islamic profit rises 71%

The Bank’s total income reached AED 1.2 billion ($326.69 million)
  • The growth can be attributed to the upward trajectory of both funded and non-funded income, indicating enhanced business sentiment
  • The Bank’s total income reached AED 1.2 billion ($326.69 million) in the fourth quarter of 2023, marking a noteworthy 24% year-on-year growth

Iran plays on color at fashion exhibition

The strict dress code for women has been the subject of heated debate since nationwide protests following the death in...
  • Since shortly after the 1979 revolution, women in Iran have had to observe a strict dress code and wear loose-fitting garments while also covering the head and neck
  • Many women opt for head-to-toe black chadors. But in recent years, Iranian designers have also sought to include brighter colours in their creations