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.

1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...

Business

Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes

The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...

Economy

Kuwait awards Mitsubishi Power contract to run its largest power station

Kuwait City, Kuwait – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, announced on Monday that it had...
  • The company will provide major plant upgrade services and cutting-edge technologies for the Sabiya Power and Water Distillation Station
  • Mitsubishi Power will be responsible for the upgrade of 8 units of Steam Turbines, Generators (gas and oil fired) and Control Systems unit
Business

TAQA income rises to $3.16bn

The firm reported a 6% increase in group revenues.
  • The company also reported a 6 percent increase in group revenues to $3.56 billion
  • TAQA announced a capital expenditure of $300 million, 26% higher than the last year
Economy

TRENDS poll: Vision 2030 spurs entrepreneurship,  small business growth in Saudi Arabia

The oil-rich kingdom has supported private institutions targeting startups to further boost investment in non-oil sectors.
  • The kingdom's Small and Medium Enterprises General Authority, Monshaat, designs initiatives that promote a culture of entrepreneurship
  • Saudi government has supported private institutions targeting startups to further boost investment in non-oil sectors
Economy

Global oil industry needs $12trn investments by 2045

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over...
  • OPEC member countries are ready to play a key role in providing energy to the world and in reducing emissions, Al Ghais said
  • The oil industry, he said, needs a long-term, investment-friendly climate that works for producers and consumers
Business

Will sponsor Emirates Labor Market Award,  says Abu Dhabi Chamber

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...
  • The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
  • The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
Economy

Jordan’s trade exchanges with ASEAN up by 42% last year

Amman, Jordan - Jordan's trade exchanges with the Association of Southeast Asian Nations (ASEAN) surged by 42% in 2022 compared...
  •  The kingdom's trade exchanges with ASEAN reached $1.8 billion in 2022, up from $1.3 billion in 2021
  • Jordan's national exports to ASEAN countries amounted to $279 million and re-exports were valued at $17,000
Business

UAE presents labor laws to UN Human Rights Council in Geneva

DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...
  • Several UAE federal, local government entities and civil society organizations were part of the delegation.
  • The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.
Business

The Game Company raises $5m at $40m valuation

  Dubai, UAE - AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December....
  • The company is poised for even more growth during its upcoming funding round, with expectations of a substantial increase in valuation
  • The company aims to create a truly immersive gaming experience that is accessible for anyone, anywhere, anytime, and on any device

G7 launching partnership scheme to diversify supply chains

Niigata, Japan - The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group...
  • The ministers did not directly mention efforts to reduce reliance on trade with China or Russia as motivation for the new framework
  • In a joint statement, they said they hoped to launch the partnership in collaboration with the World Bank "by the end of this year at the latest."
Geostrategy

Saudi, Russian foreign ministers talk on phone, discuss ties, Ukraine

Riyadh,  Saudi Arabia - Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah discussed in a phone call...
  • During the call, the two ministers also exchanged views on a number of regional and international issues and developments of common concern
  • In the recent past, as Saudi Arabia’s relationship with the US has become less certain, the kingdom has made an effort to build ties with China and Russia

1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...
Business

Company News

Latest News

EU plans measures to protect sensitive technology from China

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
Geostrategy

Hub71-backed ABHI to set up global headquarters in Abu Dhabi

DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...
Business

Global halal market set to hit $7.7 trillion by 2025

Makkah, Saudi Arabia — Global halal market is projected to reach an estimated $7.7 trillion by 2025. Leading the expansion...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

DIB reports $1.86bn net profit

The bank's income rose by 43% YoY to $5.4 billion.
  • The bank's Balance Sheet increased to approximately $84.78 billion, up 9% YoY
  • Shareholder returns continue to grow with RoTE at 20%, up 300 bps YoY
Economy

Real estate workforce in Saudi Arabia soars to 26,000 after localization push

Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial...
  • The significant 116% leap comes in the wake of the government's decision to prioritize the localization of the sector
  • The housing sector, in particular, benefits from substantial corporate support, with 21 initiatives worth over $181 million
Business

IsDB discusses collaboration with China’s ICBC and BOC

Jeddah, Saudi Arabia -- President of the Islamic Development Bank (IsDB) Muhammad Al-Jasser held today held discussions with senior officials...
  • The ICBC Bank Chief Business and Management Officer Wang Kun, expressed interest in the sukuk (Shariah-compliant bonds) market
  • The BOC's Chief Business and Management Officer discussed strengthening collaboration in treasury activities, stock, and capital markets