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.

Global markets rode AI, interest rate roller coaster in 2024

Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI),...

Economy

Saudi Space Agency launches ‘Space Futures Centre’

Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) announced Sunday the launch of the Centre for Space Futures, the...

Science
Business

DEWA, Siemens discusses enhancing cooperation

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements...
  • DEWA and Siemens discussed the role of smart grids in improving the efficient and sustainable distribution of energy.
  • They also discussed ways to enhance collaboration between DEWA and Siemens in the area of smart grid technology.
Geostrategy

Pakistani businessman exports food products to Israel

ISLAMABAD, PAKISTAN - The American Jewish Congress celebrated the arrival of the first shipment of food products from Pakistan to...
  • While Israeli authorities and buyers have no issue with direct shipments from Pakistan, officials in Islamabad have not issued any comment.
  • The transaction reportedly involved Pakistani-Jewish businessman Fishel BenKhald and three Israeli entrepreneurs.
Research

Digital IDs, mobile authentication to propel more mobile access deployments: report

Dubai, UAE - Digital IDs and mobile authentication will propel many more mobile access deployments. HID, a leader in trusted...
  • The commercial real estate firms are leveraging mobile access as part of their larger tenant experience apps, the report revealed
  • The survey also found that nearly 60 percent of respondents see the benefit of contactless biometrics.

PPI of Industrial sector in Qatar down by 3.42% in February

Doha, Qatar - The Producer Price Index (PPI) of the industrial sector in Qatar for February. 2023 declined 3.42 percent...
  • The PPI for February 2023 is estimated at 125.16 points showing a decrease of 3.42 percent, when compared to the previous month
  • On Y-o-Y basis, the PPI of February 2023 showed a decrease of 7.23 percent, when compared to the PPI of February 2022.
Business

Bank of Sharjah profit soars

Total equity increased by 7 percent to $930 million. 
  • The bank maintained a solid capital position, with a regulatory capital adequacy ratio of 11.51 percent and a Tier 1 capital ratio of 10.33 percent.
  • Customers' deposits grew by 5 percent to AED 27,773 million ($7,562 million), highlighting the Bank's ability to maintain a solid and loyal customer base
Geostrategy

‘Election interference, Kangaroo court’: Trump on indictment, says judge hates him

Trump's pending arrest throws a political grenade into next year's White House race and President Joe Biden sidestepped questions from...
  • Trump is to be booked, fingerprinted and will have a mugshot taken at a Manhattan courthouse on Tuesday
  • Trump, who is currently at his palatial Mar-a-Lago residence in Florida, was initially "shocked" at the indictment
Business

Ajman, Italian-Czech Chambers discuss investment, business opportunities

AJMAN, UAE - The Ajman Chamber of Commerce and Industry’s (ACCI) discussed with the Italian-Czech Chamber of Commerce in Milan...
  • Ajman Chamber is keen to enhance its international cooperation and diversify its foreign partnerships.
  • The Chamber discussed the competitive elements provided by Ajman economy and the investment opportunities available.
Business

Dubai International Boat Show highlights local marine industry’s global appeal

DUBAI, UAE -  Dubai International Boat Show 2023 attracted over 30,000 visitors and industry players from across the globe for...
  • Owners and clients are increasingly interested in innovative technologies that can create a greener yacht.
  • With brands from 60 countries featured at the show, local manufacturers reported increased business.
Business

Saudi Arabia to host Global Summit of Real Estate leaders

Riyadh, Saudi Arabia -- Saudi Arabia will host the 42nd edition of the Global Real Estate Summit next December in...
  • The summit is considered the industry's largest annual gathering, which includes real estate pioneers and CEOs of critical real estate companies from all over the globe
  • The global event will hold several sessions, workshops, meetings, and lectures aiming to deal with the challenges of the real estate industry and available investment opportunities
Economy

Egypt raises key interest rates by 200 bps amid soaring inflation

Cairo, Egypt - The Central Bank of Egypt (CBE) raised key interest rates by 200 bps for the first time...
  • The increase is in line with analysts' expectations, who suggested a hike ranging between two and three percent after seeing inflation hit record figures in Egypt
  • The CBE explained that annual urban headline inflation continued to accelerate to 25.8 percent and 31.9 percent in January and February 2023, respectively

Global markets rode AI, interest rate roller coaster in 2024

Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI),...
Economy

Company News

Latest News

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...
Science

Saudi Exchange launches TASI50 Index tracking top 50 companies by market capitalization

Riyadh, Saudi Arabia – The Saudi Exchange has announced the launch of the TASI50 Index, which tracks the top 50 companies...
Economy

Blinken warns Israel-Hamas war could ‘metastasize’

Blinken will meet with Crown Prince Mohammed bin Salman in the Saudi desert city of Al-Ula, said a US official...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

UAE market cap soars as top 16 companies hit $734bn

Abu Dhabi, UAE - The aggregate market capitalization of the top 16 national companies listed on local exchanges stood at...
  • The 16 listed companies accounted for about 74% of the total market capitalization of the local stock markets, which was around $998 billion at the close of trading
  • The IHC held the top position with a market capitalization of more than $244 billion, approximately 24.5% of the local markets' capitalization
Geostrategy

Saudi Arabia releases 132 animals in NEOM Nature Reserve

RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals...
  • This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild.
  • The released animals consist of 80 Arabian sand gazelles, 12 mountain gazelles, 12 ibexes, and 28 Arabian Oryx.
Economy

Saudi insurance sector targets 25m beneficiaries by 2030

Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of...
  • The expansion in the sector is largely propelled by the introduction of the mandatory health insurance for private sector workers and their dependents
  • Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of 11.5 million individuals by year-end