INSEAD Day 4 - 728x90

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

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.

Defiant Netanyahu to face US Congress amid Biden’s withdrawal

US Secretary of State Antony Blinken, using an American football image, said Friday that negotiators were "inside the 10 yard...

Geostrategy

‘Digital transformation levels the playing field for GCC small businesses’

Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure...

Business
Economy

UAE secured 41.5% of Japan’s crude oil needs in November

Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and...
  • Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry
  • Over 95%, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation's top exporter of oil
Economy

Gold set for strong quarterly rise after interest rate-driven drop

Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June...
  • Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020
  • Back-to-back rate hikes by the US central bank pushed gold to a more than two-year low in September
Business

Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security

DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...
  • Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
  • The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
Science

EAD imposes fines worth US$89,312 over environment violations

ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since...
  • The Agency followed up with the violating establishments to ensure that corrective measures were taken to remove or mitigate the causes.
  • Violations included submitting incorrect data to EAD, changing data contained in licenses, or polluting the soil, water or air in protected areas.
Economy

AGFUND, AMF ink MoU to promote economic development in Arab region

The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation.
  • The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation
  • AGFUND also announced its support for the comprehensive economic reform programme signed between the AMF and the Yemeni government, funded by Saudi Arabia
Economy

Unemployment rates to decline in Saudi, UAE in 2023: report

Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs...
  • Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs 2022 discretionary spending
  • As food and energy costs eat up a greater share of the consumer budget, lower-income households will feel an especially strong pinch
Economy

ADJD discusses developments in Evidence Law in civil, commercial transactions

ABU DHABI, UAE - Participants in the second Justice Partners Forum organized by Abu Dhabi Judicial Department (ADJD) discussed the...
  • The virtual forum highlighted the importance of partnering with lawyers.
  • The forum also reviewed a number of cases handled by the courts.
Economy

Subscription to Unemployment Insurance Scheme starts on January 1

The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey.
  • The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey
  • Anyone who loses their job as a result of termination of services is entitled to a maximum three-month cash compensation
Economy

Net foreign investments in UAE stocks hit $8bn since start of 2022

The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors.
  • The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors
  • Non-Arab investors' purchases of local shares in ADX and DFM amounted to $37,332,375,493
Economy

Construction industry contributed $186.8bn to Arab GDPs in 2021

The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion,...
  • The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, AMF report said
  • Egypt ranked third with around $27.3 billion, followed by Qatar, $24.1 billion, Algeria, $19.8 billion, Morocco, $7.7 billion, and Oman with $6.4 billion, according to the report

Defiant Netanyahu to face US Congress amid Biden’s withdrawal

US Secretary of State Antony Blinken, using an American football image, said Friday that negotiators were "inside the 10 yard...
Geostrategy

Company News

Latest News

Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...
Business

Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
Geostrategy

Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan

Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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COP28 UAE

Tunisia aims to reach 30% renewable energy by 2030: Delegate to COP28

Dubai, UAE - Tunisia has set a goal to reduce greenhouse gas emissions by 45 percent by 2030, and is...
  • Bringing attention to the modest 4 percent share of renewable energy, the delegate highlighted the environmental challenges it poses
  • Tunisia is one of the first countries to announce its intention to achieve carbon neutrality by 2050, the delegate added.
Business

Zain KSA expands 5G network

The company launched the first zero-emission 5G network.
  • The network expansion supports Zain KSA’s strategic goal of accelerating the nationwide digital transformation by providing high-speed digital services
  • The 5G network expansion complements Zain KSA's growing portfolio of bespoke 5G applications and pioneering solutions in artificial intelligence (AI)
Science

Saudi Space Agency, US Sierra Space partner to develop national capabilities

Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading...
  • The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice
  • The signing ceremony was attended by the Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawaha