INSEAD Day 4 - 728x90

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

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.

Females make up 37.6% of the GCC population of 57.6 million

Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in...

Economy

Study: Legacy technology not impeding adoption of AI and Machine Learning in UAE and Saudi Arabia

Manufacturers see AI as critical for decarbonization (66%), improving ESG scores, energy monitoring (55%), advancing digital twins (68%), and enabling...

Economy
Geostrategy

Step aside US: China’s road to global leadership goes through Middle East

If China successfully mediates the Israel-Palestine peace talks, it will cement its status as a global peacemaker, a role that...
  • Chinese Foreign Minister Qin Gang has expressed readiness to help facilitate peace talks between Israel and Palestine
  • He made separate phone calls to Israeli and Palestinian foreign ministers, emphasizing China's push for peace talks
Economy

Dollar could gain as markets anticipate a Fed rate hike: expert

Dubai, UAE - The US dollar could record some gains as markets increasingly see a higher probability that the Federal...
  • The constant surprises in US economic data during the last few weeks have focused traders’ attention on the US currency, Wael Makarem, Senior Market Strategist, MENA at Exhe added
  • The Japanese yen, Makarem said,  could see more weakness against the dollar in the near term with the Bank of Japan maintaining its accommodating monetary policy
Science

Arada to create Middle East’s first new sustainable water treatment

SHARJAH, UAE- Arada is investing in a new research and development (R&D) facility here, bringing a new form of sustainable...
  • The long-term goal for the facility will be to create an improved ‘Biopolus 2.0’ version of the technology, while also turning Sharjah into a global hub for the process
  • The modular, flexible, and odor-free nature of the Biopolus technology means that each plant can be placed directly in any urban environment
Business

G42 and Mubadala announce launch of M42

Abu Dhabi, UAE - G42, an Abu Dhabi-based AI technology holding group, and Mubadala Investment Company on Tuesday announced the...
  • M42 combines G42 Healthcare’s medical and data-centric technologies with Mubadala Health’s patient services and facilities "to provide personalised, and preventative care."
  • In October 2022, G42 Healthcare and Mubadala Health announced that they had joined forces to create a new, integrated healthcare technology powerhouse.\
Science

Saudi Crown Prince meets astronauts prior to their space trip

Jeddah, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday  met the Saudi astronauts: Rayana Bernawi,...
  • The Crown Prince noted that the Saudi people see Rayana Bernawi and Ali Al-Qarni as ambassadors of the kingdom at the ISS
  • He also underlined the importance of the space sector as a major pillar in enhancing the kingdom’s global competitiveness
Business

DEWA wins Hydrogen Project of the Year Award for green transition

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has won the Hydrogen Project of the Year 2023 Award for...
  • Hydrogen Project Award was part of the Hydrogen Future Awards 2023, organized during the Connecting Green Hydrogen MENA" Conference in Dubai.
  • This award recognizes leaders from international energy corporations who made key contributions to the growth of the clean energy industry.
Geostrategy

Iraq invites Turkey, Iran to discuss water share issue  

BAGHDAD, IRAQ -  Iraq's Minister of Water Resources Aoun Diab said on Sunday that the releases of the Tigris River...
  • Iraq's Minister of Water Resources said that an invitation was extended to the Iranian Minister of Energy to attend the third Baghdad Water Conference.
  • Iraq invited the Turkish delegation for the purpose of continuing discussions on activating the memorandum of understanding signed between the two countries.
Economy

Iraqi government plans to reduce economy’s dependence on oil

BAGHDAD, IRAQ - Iraqi Prime Minister Muhammed S. Al-Sudani chaired a meeting focused on discussing the provisions of the federal...
  • The meeting discussed the provisions of the federal budget bill submitted to the Parliament.
  • The Iraqi PM highlighted the plans for enhancing development and advancing the economy.
Economy

UAE has invested $5bn dollars in Brazil: UAE minister

Abu Dhabi, UAE - The UAE is among the largest international investors in Brazil, with an estimated US$5 billion in...
  • The two countries, have maintained a fruitful cooperation across many sectors such as industry, transportation, shipping, storage, infrastructure, etc
  • The UAE is Brazil's top trading partner in the Arab region, while Brazil is one of the Emirates' most important and recognized partners in Latin America.

Empowering women can drive economic growth in GCC region

Many countries in the region have invested in education and provided better access to technology-related fields, resulting in women graduating...
  • Many countries in the MENA region have invested in women's education and provided better access to technology-related fields
  • This trend has resulted in women playing a significant role in high-profile tech projects in the region, such as the UAE's Mars Hope probe

Females make up 37.6% of the GCC population of 57.6 million

Muscat, Oman - The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in...
Economy

Company News

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Saudi govt exposes violations in expatriate partnerships

Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella...
Business

AI to impact 60% of advanced economy jobs: IMF’s Georgieva

The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus...
Economy

Saudi Scouts Association to participate in Republic Day Camp in India

Riyadh, Saudi Arabia - The Saudi Arabian Boy Scouts Association will participate in the Republic Day Camp (RDC) in India...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Saudi Arabia to highlight role in dealing with global challenges at WEF meet

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
  • Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
  • The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.
Geostrategy

Egypt denies suspending navigation through Suez Canal

Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the...
  • Dollar revenues from Egypt's Suez Canal have experienced a 40 percent decline since the beginning of the year compared to 2023
  • The Suez Canal is a crucial source of foreign currency for Egypt, and efforts have been made to boost revenues, including the ongoing expansion of the canal

Saudi Arabia announces operational start of this year’s Hajj season

Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445...
  • The commencement follows the conclusion of the Hajj and Umrah Services Conference and Exhibition, a 4-day event that showcased facilities for the well-being of pilgrims
  • The conference witnessed the signing of multiple agreements covering areas such as housing, logistical services, healthcare, transportation, catering, technology, etc