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.

Saudi Arabia records $5.6 billion trade surplus in October 2024 with 30% growth

Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion...

Economy

Qatar PM sees ‘momentum’ on Gaza talks after US election

Doha, Qatar - Qatar's prime minister said on Saturday that momentum had returned to talks aimed at securing a truce and...

Geostrategy
Business

DEWA, Siemens Energy discuss enhancing cooperation

DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...
  • DEWA is implementing clean and renewable energy and water desalination projects.
  • The firm attaches great importance to research in sustainable and renewable energy.
Economy

Qatar Financial Centre, ILO collaborate to promote ‘decent labor standards’

Doha, Qatar - The Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, has partnered...
  • The ILO-Qatar is cooperating with the Ministry of Labor to enhance the implementation of the labor law across industries in the country
  • Speaking about the event, senior QFC official Luigia Ingianni said that promoting decent work for all is one of the core values of the QFC
Business

QatarEnergy to participate in Iraq’s mega natural gas project

Doha, Qatar - QatarEnergy has agreed to hold a 25 percent share in the Gas Growth Integrated Project (GGIP) -...
  • The consortium will be composed of Basra Oil Company (30 percent), TotalEnergies (45 percent), and QatarEnergy (25 percent)
  • Signed in September 2021, the key strategic project involves investing nearly $10 billion to design and construct facilities
Economy

Saving behavior in the UAE jumps as National Bonds hit 15% growth in 2022

Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...
  • The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
  • The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
Economy

UAE Unemployment Insurance Scheme subscribers exceed 1m

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...
  • The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
  • The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
Business

Emirates REIT 2022 profit up

Net Property Income for the period was $55 million.
  • The REIT recorded a 4 percent year-on-year decline in Property Operating Expenses to US$12 million in 2022
  • Net Property Income increased 15 percent year-on-year, demonstrating the strong market for the REIT’s core assets
Economy

Iran working on key pipeline to supply gas to Oman

Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas...
  • In June last year, Oman and Iran signed deals to develop two gas pipelines and an oil field along their maritime border
  • Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to the nuclear deal in 2015
Geostrategy

UAE president discusses ties, regional situation in phone call with Netanyahu

Abu Dhabi, UAE - The UAE president Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Benjamin Netanyahu, Prime...
  • Sheikh Mohamed affirmed the UAE’s ongoing commitment to ties with Israel, describing their cooperation as a strategic approach to peace and development
  • A separate statement from Netanyahu's office said the two leaders agreed to "continue the dialogue between them in a personal meeting in the near future."
Science

WMO urges more investment in integrated weather, climate services

GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
  • This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks.
  • WMO is stepping up its activities to promote tailored weather and climate information, and forecasts.
Business

AD Ports Group gets $2bn corporate loan from 13 banks’ syndicate

Abu Dhabi, UAE - AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a...
  • The multi-currency facility includes three tranches amounting to EUR 600 million, US$620 million, and AED2,863 million
  • The demand for the facility was overwhelming, with commitments of US$7.4 billion in total from the participating banks

Saudi Arabia records $5.6 billion trade surplus in October 2024 with 30% growth

Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion...
Economy

Company News

Latest News

Saudi PIF Governor: Global demand for metals to rise sixfold by 2040

Riyadh, Saudi Arabia - Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Wednesday said that the Kingdom’s mineral wealth currently...
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,...
Economy

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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi Arabia tops MENA in venture capital investment in 2023

Riyadh, Saudi Arabia - Saudi Arabia achieves first rank across MENA for the first time in terms of the amount...

China says foreign consulting agency head spied for Britain

China, which has a broad definition of state secrets, has publicized several other alleged spying cases in recent months. In...
  • China and Britain have traded barbs in recent months over allegations of perceived espionage and its resulting impact on national security
  • Britain's government has warned that Chinese spies are increasingly targeting officials, allegations that Beijing has denied
Science

UAE announces its participation in Nasa’s Lunar Gateway Station

Abu Dhabi, UAE - The UAE has announced its participation in developing a module on Nasa’s Lunar Gateway Station alongside...
  • The UAE will be responsible for developing the lunar space station's Crew and Science Airlock, a critical component for maintaining a safe environment for astronauts
  • This unit will act as a portal of the station, serving as the entry and exit point for missions and astronauts travelling to the Moon’s surface from the Lunar Gateway Station