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-Croatia businesses to establish a joint business council

President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at...
  • This was decided during a meeting between Croatia's former President Kolinda Grabar-Kitarović and her accompanying delegation on Sunday with Saudi business representatives
  • President of the Saudi Chambers Al-Huwaizi revealed that the size of trade exchange between the two countries has grown at a rate of 198 percent to $146 million in 2021

OIC holds meeting on escalating Israeli aggression against the Palestinians

The meeting will deliberate on the current situation in occupied Palestinian territories, especially killings of 11 Palestinian citizens in Nablus.
  • The meeting will deliberate on the current situation in occupied Palestinian territories, especially killings of 11 Palestinian citizens in Nablus
  • According to the OIC statement, the meeting will urge the international community to provide the necessary international protection for the Palestinian people

Jordan Senate Chairman, French senate vice-president discuss bilateral ties

AMMAN, JORDAN -  Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed...
  • The two leaders also discussed political changes in the surrounding countries following Arab Spring.
  • The French leader said her country is looking forward to strengthening relations and partnerships.

Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn

Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...
  • The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
  • Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.

SAIF Zone Al Ansari Exchange ink pact, offer new payment service

SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...
  • The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
  • The signing ceremony was attended by a number of managers and senior officials from both sides.

Nations closer to global guidelines on disease outbreaks, says WHO

NEW YORK, US - Governments agreed on a way forward to update disease outbreak regulations ahead of meetings to draft...
  • A total of 307 amendments to the WHO International Health Regulations came in response to challenges posed by the COVID-19 pandemic.
  • Governments had focused on making their countries, and the international community, better prepared for future emergencies.

UAE takes part in first G20 Finance Ministers meeting in 2023

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
  • Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
  • The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.

Boosting investment in health systems is essential, says OECD

PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact...
  • Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, says OECD
  • More workers in health and social care were associated with lower mortality rates.

Nissan integrates machine learning into its vehicles

A set of protective features employs the most innovative computing in the spatial awareness field to provide drivers with the...
  • A set of protective features employs the most innovative computing in the spatial awareness field to provide drivers with the opportunity to safeguard their experience
  • A combination of cameras, radars, and sonar technologies ensures car operators remain vigilant throughout the drive and assist swiftly as soon as danger is detected

Turkey starts rebuilding for the 1.5 million earthquake homeless

More than 160,000 buildings containing 520,000 apartments collapsed or were severely damaged in the February 6 earthquakes.
  • More than 160,000 buildings containing 520,000 apartments collapsed or were severely damaged in the February 6 earthquakes
  • Turkish President Tayyip Erdogan who is facing election within months has pledged to rebuild homes within a year

UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club

Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific...

Company News

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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...

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...

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

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India’s L&T secures EPC contract for Saudi Arabia’s Amaala project

New Delhi, India - Larsen & Toubro (L&T) secured a major Engineering, Procurement, and Construction (EPC) contract for the Amaala...
  • The contract, awarded by the consortium of Masdar and EDF, involves the establishment of renewable energy generation, power utilities, and water systems
  • L&T, as the turnkey contractor, inked the EPC agreement with Amaala's developers, Masdar, and EDF, reports in Indian media said

Dubai real estate sales near record $109bn in 2023

Dubai, UAE - Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...
  • The momentum in the real estate market in the emirate will continue during the next year, according to Walid Al Zarooni, CEO of the W Capital.
  • The residential real estate markets, Al Zarooni said, may remain at the investors radar during 2024 considering the latest trends in the market

Oman year-on-year growth rate touches 15.4 percent

Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...
  • The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
  • Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.