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.

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....

Economy

GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers

Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...

Business
Business

PwC, Microsoft expand partnership for digital transformation in Saudi Arabia

DUBAI, UAE -  PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...
  • The collaboration will focus on cloud transformation, business process automation and technology consulting.
  • The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.
Business

DIFC achieves high growth in 2022, driven by fintech, innovation

DUBAI, UAE -  Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number...
  • New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the Center's history.
  • In 2022, DIFC’s combined revenue exceeded US$272 million for the first time.
Economy

Lebanon’s central bank chief not to renew his term

Riad Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home...
  • Salameh, who became the head of the central bank in 1993, has come under increased scrutiny both at home and abroad
  • The collapse has locked most savers out of their bank accounts and pushed more than 80 percent of Lebanon's population below the poverty line
Economy

Oil prices little changed in early Asian trade

The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories.
  • The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories
  • US also announced plans to release 26 million barrels of crude from the Strategic Petroleum Reserve which could lead to higher stockpiles at Cushing, Oklahoma

Dubai Can initiative cuts single-use plastic bottle usage by over 7mn

The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city.
  • The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city
  • Dubai Can has placed water fountains in strategic places across the city, including public parks, beaches, and popular tourist destinations
Economy

Tunisia coastguard intercepts over 400 migrants in single night

The Tunisian coastguard said Sunday it had intercepted overnight more than 400 migrants trying to reach Europe by sea in...
  • Tunisia, which at points is less that 90 miles from the Italian island of Lampedusa, is a key departure point for Tunisian and other African migrants seeking better lives in Europe
  • Rome says more than 32,000 migrants, including 18,000 Tunisians, reached Italy from Tunisia last year, while thousands more have departed from neighbouring Libya
Business

Dubai Chamber of Digital Economy hosts industry workshop

DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the...
  • The workshop saw discussions on topics surrounding regulations, funding, talent, and infrastructure.
  • The dialogue sought to provide clarity and a better understanding of the opportunities and challenges faced by e-commerce companies.
Business

DEWA CEO discusses bilateral cooperation with Emerson

DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level...
  • DEWA, Emerson discussed advancing sustainability and consolidating foundations for environmental, social, and corporate governance.
  • Clean energy makes about 14 percent of the total energy production capacity in Dubai.
Geostrategy

UAE, India mark first anniversary of signing CEPA with series of events

DUBAI, UAE -  Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary...
  • The Federation of Indian Chambers of Commerce and Industry is on a four-day visit to the UAE to mark the signing of CEPA.
  • The FICCI delegation comprises over 100 exporters, start-ups and business owners.
Arts & Culture

UAE’s Abrahamic Family House encloses a mosque, a church, and a synagogue

The project was inspired by the principles in the Document on Human Fraternity, signed by  Pope Francis and Grand Imam...
  • The project was inspired by the principles in the Document on Human Fraternity, signed by  Pope Francis and Grand Imam Dr. Ahmed El-Tayeb in Abu Dhabi in 2019
  • The three houses of worship are of equal stature and share external dimensions, and have been designed by Sir David Adjaye of Adjaye Associates

Riyadh leads Saudi Arabia’s date production with record sales

Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....
Economy

Company News

Latest News

KPMG’s global revenue touches $36bn

The company has outlined a collective investment of $4.2b.
Business

Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine

MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
Geostrategy

Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities

DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Ukraine says it shot down three Russian Su-34 fighters

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
  • In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
  • The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system

Deyaar, Arady Properties sign MoU

Deyaar is a leading real estate developer in Dubai.
  • The MoU outlines the commercial objectives for the project and provides a framework for further negotiations
  • Deyaar has developed strategic partnerships with renowned real estate entities in the region and beyond
Geostrategy

Saudi defense minister hosted by UK counterpart at Lancaster House in London

Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin...
  • Upon Prince Khalid bin Salman's arrival, a formal reception ceremony was held, featuring a review of the guard of honor
  • The two sides discussed strengthening the strategic partnership between the UK and Saudi Arabia