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.

Dakar Rally Saudi Arabia 2025 kicks off Friday with over 800 competitors

Riyadh, Saudi Arabia -- The Dakar Rally 2025, the largest and longest race in the world of motorsports, is set...

UN envoy warns Syria conflict persists as rebels seek international ties post-Assad ouster

The UN migration chief expressed concerns about large-scale refugee returns destabilizing Syria further, particularly affecting religious minorities who fled violence...

Geostrategy
Business

Microsoft, G42 sign MoU

MoU will leverage core competencies of both the firms.
  • The MoU will help explore joint business development and marketing opportunities across a variety of areas G42 covers.
  • Microsoft and G42 will be working in the coming months to finalize the development required to ensure regulatory compliance.
Economy

4th batch of Saudi oil derivatives grant arrives in Aden

Aden, Yemen - The fourth batch of the Saudi Oil Derivatives Grant, consisting of 150,000 metric tons of diesel and...
  • This initiative is part of Saudi Arabia's ongoing efforts to support the Yemeni people
  • The grant was provided to help Yemen operate over 70 power generation plants
Business

DIEZ profit zooms 42%

The company reported a 9 percent rise in rental revenue.
  • The company reported a 9 percent rise in rental revenue and a 69 percent increase in revenue from commercial licences
  • Dr. Mohammed Al Zarooni, Executive Chairman of the DIEZ, said that more than 22,000 companies are based out of the zones.
Business

Oman issues order to regulate consumer cooperatives

MUSCAT, OMAN  -   Oman Ministry of Commerce, Industry and Investment Promotion on Sunday  issued an order to regulate the activities...
  • The order aims at promoting Omani products, establishing new supply chains, supporting national industries.
  • The ministry pointed out that consumer cooperatives operate under a legal framework to sell goods.
Science

Two Saudi astronauts, one of whom a woman, will launch into space on May 9

Barnawi and fellow astronaut Ali Al-Qarni will blast off from Florida on a private mission to the ISS, the officials...
  • Rayyanah Barnawi and Ali Al-Qarni will blast off from Florida on a private mission to the International Space Station
  • Woman astronaut Barnawi's trip to space is being seen as Saudi Arabia’s latest bid to revamp its ultra-conservative image
Economy

Industrial sector contributes 20% to Ajman’s GDP

Ajman, UAE – The industrial sector contributes approximately 20 percent to Ajman's GDP and is one of the sectors that...
  • This was revealed at a session in Ajman conducted in partnership with the UAE Ministry of Industry and Advanced Technology
  • The session discussed the launch of the "Make in the UAE" initiative such as the Industrial Technology Transformation programme and others
Geostrategy

Children to be vaccinated in quake-hit northwest Syria

CAIRO/AMMAN, EGYPT/JORDAN -   Measles and polio vaccination campaign will be launched on Saturday across northwest Syria to protect some 800,000...
  • The vaccination drive is supported by WHO, the Vaccine Alliance, UNICEF, in partnership with local NGOs and the Syria Immunization Group.
  • Raising immunization levels among children is a priority in an area where the earthquakes partially or totally destroyed 67 health facilities.
Business

Al Ansari lists on DFM

The group raised $210m through the sale of 750 million shares.
  • The group successfully raised $210 million)through the sale of 750 million shares for AED1.03
  • The IPO was met with strong demand from investors, with the offering oversubscribed 22 times
Geostrategy

Classified US-NATO Ukraine war plans wind up on social media

Senior officials from the Biden administration have confirmed the authenticity of the documents, which have been posted on Twitter and...
  • The leaked documents could provide valuable information to Russian war planners
  • The Pentagon is currently investigating who may have been behind the leak
Business

Salik approves H2 2022 dividend

The company reported a net profit of $144m for the period.
  • Salik reported a net profit of $144 million for the second half of 2022
  • Salik’s revenue increased 11.8 percent Year on Year to $515 million

Dakar Rally Saudi Arabia 2025 kicks off Friday with over 800 competitors

Riyadh, Saudi Arabia -- The Dakar Rally 2025, the largest and longest race in the world of motorsports, is set...

Company News

Latest News

Morocco joins UAE, Jordan, Egypt, Bahrain in regional industrial collaboration

Manama, Bahrain – Morocco became the fifth country to join the UAE, Jordan, Egypt and Bahrain at the fourth meeting...
Economy

The UAE President swears in 3 new ministers

The ministers taking the oath of office were Dr Amna bint Abdullah Al Dahak Al Shamsi who was appointed as...

UAE passport most powerful in MENA region, 11th in global index

Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

WEF 2024 aims to bridge trust gaps amid global discord

Geneva, Switzerland - The World Economic Forum Annual Meeting 2024 is set to gather over 2,800 global leaders in Davos-Klosters,...
  • The WEF 2024 entails sessions addressing global security, economic growth, climate action, technological disruption, and health and well-being
  • The forum will emphasize public-private collaboration to translate ideas into actionable solutions, acting as an accelerator for cooperation among leaders and initiatives
Business

Middle East air cargo volumes up 13.5% in November

Dubai, UAE - Middle Eastern carriers recorded a 13.5% year-on-year increase in cargo volumes, strongest performance in the world. In November...
  • Global demand for air cargo, measured in cargo tonne-kilometres (CTKs), increased by 8.3% compared to November 2022
  • Most of the capacity growth is attributed to the increase in belly capacity as international passenger markets continue their post-COVID recovery
Business

Bitcoin surpasses $47,000, first time since March 30, 2022

Abu Dhabi, UAE - Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as...
  • Bitcoin, originating in 2008 under the pseudonym Satoshi Nakamoto, operates as a decentralized digital currency
  • The robust trading volumes in Bitcoin mining firms signal a heightened investor interest, underlining the increasing prominence of cryptocurrencies