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.

UAE ministry hosts WHO’s regional expert meet on healthy diet policies

DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in...
  • The meeting aimed to discuss recent developments in healthy diet policies, with a special emphasis on the UAE and GCC countries
  • Senior officials and experts from the UAE's health and related sectors, as well as representatives from the GCC states, attended the meeting

DEWA’s R&D Center registers 8th patent for geographical areas survey device

DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a...
  • The device employs real-time kinematic processing techniques to process data collected on-site.
  • It works with a smart device developed by the R&D Center, which uses a smart app to read the updated coordinates in seconds.

ADNOC Drilling to buy hybrid power land rigs for $252m

The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted.
  • The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted
  • ADNOC Drilling owns one of the world’s largest drilling and well completion fleets

UAE passport ranked most powerful in the world

With a score of 110.50, it jumped straight from 35th place last year to the top of the list. 
  • With a score of 110.50, it jumped straight from 35th place last year to the top of the list
  • This is mainly due to the recent changes allowing foreigners to apply for dual citizenship

UAE Space mission:  Sultan Alneyadi docks at space station

The crew consists of Alneyadi, NASA astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut Andrey Fedyaev. 
  • The crew consists of Alneyadi, NASA astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut Andrey Fedyaev
  • The Crew-6 mission is the sixth commercial crew rotation mission with SpaceX aboard the International Space Station

UAEIIC, JOIN ink pact to boost investments in Middle East, Africa

The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa...
  • The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region
  • It will create appropriate projects and opportunities for investment and establish new economic partnerships, Secretary-General of UAEIIC Al Jarwan said

UAE best country globally for expat lifestyle, says HSBC survey

Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by...
  • A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE.
  • Another reason for the survey was to find about the changes in people’s lives post pandemic which includes the changes in their financial lives.

UAE’s FNC highlights role of parliaments in addressing climate change

RABAT, MOROCCO - UAE's Federal National Council (FNC) highlighted the critical role of parliaments in addressing the repercussions of climate...
  • The FNC stressed on the need to strengthen the economic, social and environmental cooperation between countries.
  • The UAE’s clean energy production capacity is expected to reach 14 gigawatts by 2030.

UAE, Bahrain explore ways to boost collaboration in infrastructure, transport

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting...
  • Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.
  • The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.

Emiratization: ACTVET, Al Fardan Exchange to hire 1,000 Emiratis in financial sector

The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently...
  • The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently established at ACTVET’s Innovation Park in Abu Dhabi
  • The companies will collaboratively oversee the implementation of the MoU and support the education and training of 5,000 UAE nationals through specialised training programmes

Riyadh Season 2024 signs sponsorship agreements with local, global partners

Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh. General Entertainment...

Company News

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Bank takes over Amiantit subsidiary

The bank will absolve Amiantit of all its financial obligations.

ACC holds workshop in Jordan on dangers of human trafficking

AMMAN, JORDAN - Amman Chamber of Commerce (ACC), in cooperation with Ministry of Justice and Jordan Judicial Council (JJC), organized...

Iran asserts peaceful nuclear agenda amid western concerns

Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel to negotiate release of Gaza hostages: Netanyahu

Tel Aviv, Israel - Israel is negotiating the release of hostages held by the radical Palestinian movement Hamas in the...
  • Netanyahu confirmed to hostages' families that Israel is working to get all the hostages back, adding that Qatar and Egypt have made two separate proposals
  • His meeting with the families came ahead of a meeting of the war cabinet to discuss proposals by Qatar and Egypt to mediate in the Israel-Hamas conflict

Saudi’s Maaden announces discovery of new gold reserves

Riyadh, Saudi Arabia - Saudi Arabian Mining Company (Maaden) on Thursday announced a discovery of substantial gold reserves, marking a...
  • The company's exploration program has led to discovery of a gold resource potential spanning across a 100-kilometer stretch from the existing Mansourah Massarah gold mine
  • As of year-end 2023, Mansourah Massarah boasted nearly seven million ounces of stated gold resources and a nameplate production capacity of 250,000 ounces annually

ADQ signs multi-year sponsorship agreement with Egypt’s Pyramids Football

Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship...
  • Since its establishment and rebranding from Al Assiouty Sports Club in 2018, Pyramids FC has rapidly grown to become one of the high-performance football clubs
  • Along with its portfolio companies, ADQ actively supports the development of key sectors of Egypt’s economy through its investments