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.

Iran FM in Saudi for talks on Gaza and Lebanon

Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...

Geostrategy

Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147%...

Economy
Geostrategy

US Secretary of Defense to visit Middle East to rally allies amid Iran threat

Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East...
  • Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East region."
  • Ryder said talks would also focus on ways to work closely to increase regional security and stability and deter potential threats
Investigation

Moroccan activists join WhatsApp suit over Pegasus spyware

Claiming that they were "victims of illegal intrusion into their phones by Pegasus software", they said they are planning to...
  • The Moroccan plaintiffs said in a statement that "criminal intrusion" into their phones had caused "serious harm, due to (our) activities as human rights defenders, journalists."
  • Pegasus gives government users near-complete access to a target's device, including personal data and messages, photos, location and even the camera
Business

UAE secured 34% of Japan’s crude oil needs in Jan

Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply,...
  • The country imported 84.4 million barrels during the month, according to to the Agency for Natural Resources and Energy in Tokyo
  • Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply
Business

Saudi Arabia fintech firm Amwal raises $2.5M pre-seed funding

The funds will be used by Amwal to further develop their technology and expand in the MENA region.
  • The funds will be used by Amwal to further develop their technology and expand in the MENA region
  • The Saudi Central Bank has also approved a cryptographic biometric checkout solution developed by Amwal
Geostrategy

Saudi foreign minister reviews regional issues with GCC Secretary General

During the meeting, the two discussed strengthening the process of joint GCC action and reviewed GCC issues of common concern.
  • During the meeting, the two discussed strengthening the process of joint GCC action and reviewed GCC issues of common concern
  • Earlier on Monday, Al-Budaiwi held talks with Russian Ambassador to Saudi Arabia Sergey Kozlov in Saudi capital
Business

Dubai Holding acquires the iconic The Westin Paris – Vendome

The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
  • The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France
  • The acquisition further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations
Business

HelioTech, Avio Aero ink pact to develop of rotorcraft industry

The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of...
  • The agreement was signed at the Strategic Development Fund (SDF) stand at the Tawazun Council’s chalet, on the sidelines of IDEX and NAVDEX 2023
  • Avio Aero is one of the leading companies in the aviation industry that designs, manufactures and maintains civil and military aviation propulsion systems
Economy

Ras Al Khaimah to launch a free zone for virtual asset companies

RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector.
  • RAK Digital Assets Oasis will be a purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector
  • It will be remote-work friendly, globally connected destination for digital and virtual asset companies building innovative business models for the future
Geostrategy

Al-Jarman heads UAE delegation to 52nd session of Human Rights meet in Geneva

GENEVA, SWITZERLAND -  The United Arab Emirates is participating in the 52nd session of the Human Rights Council in Geneva,...
  • Al-Jarman will highlight key UAE achievements and the prominent role the country plays in human rights globally.
  • He will hold meetings with heads of delegations to exchange views on common issues.
Economy

Higher Middle East demand pushes Thai rice exports up

Head of the ministry's foreign trade department Ronnarong Phoolpipat told a press conference that the value of rice exports rose...
  • Head of the ministry's foreign trade department Ronnarong Phoolpipat said that the value of rice exports rose 78.76% to $406.72 million in January year-on-year
  • He attributed the rise in exports mainly to the orders from the Middle East where the countries have' high purchasing power and low agricultural output

Iran FM in Saudi for talks on Gaza and Lebanon

Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...
Geostrategy

Company News

Latest News

UAE extradites the accused Gergely Franc to Belgium

Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
Geostrategy

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...
Geostrategy

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

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Economy

Tunisia, Saudi Arabia sign 7 MoUs in various sectors

Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
  • The MoUs encompass various areas such as water, environmental protection, agricultural scientific research, climate and meteorology cooperation, tourism and industry
  • Tunisian minister Boughdiri stressed her commitment to enhancing collaboration between the two nations, highlighting the significance of these agreements
Geostrategy

GDP of new expanded BRICS to exceed that of G7 countries: Russia

Moscow, Russia - The aggregate GDP of the BRICS countries after the accession of its new members in 2024 will...
  • The total GDP of the BRICS in the new line-up will already significantly exceed that of the G7, Russia’s foreign minister Sergey Lavrov said
  • Lavrov noted that the share of Global South and Global East countries in the overall world economy is growing
Business

UAE farm harvests $5.6m from carbon credits in eco-friendly agriculture triumph

Dubai – An innovative agricultural project in the United Arab Emirates, has generated $5.6 million euros from carbon credit sales. The...
  • Carbon credits are permits that allow a company to emit a certain quantity of greenhouse gases, with one credit equaling the emission of one ton of carbon dioxide
  • Companies are allocated a specific number of these credits, and If they reduce their emissions and have surplus credits, they can sell these to other companies