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.

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...

Business

Aramco, Sempra ink Port Arthur LNG royalties deal

Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing...

Business
Business

JPACO reviews key agricultural projects, efforts in 2022

AMMAN, JORDAN - Board of Directors of the Amman-based Jordanian- Palestinian Agricultural Marketing Company (JPACO)) on Saturday reviewed its key...
  • JPACO's Board of Directors also examined the company's performance and its goals and discussed its action plan for 2023.
  • JPACO General Manager, Aladdin Abu Khair, said the company worked to open new international markets.
Economy

US Congress green-lights $1.7 trillion in government spending

The $1.7 trillion blueprint passed by senators on Thursday was rubber-stamped by the House of Representatives just hours ahead of...
  • Failure to get the package to Biden's desk would have been an embarrassment, days after his Ukrainian counterpart Volodymyr Zelensky visited the White House
  • Nine Republicans crossed the aisle to help the package cross the line by 225 votes to 201, while one Democrat - New York progressive Alexandria Ocasio-Cortez - voted no
Business

Citi names new co-heads of emerging markets division in EMEA

Shaikh and Girach have worked at the bank for about 20 years.
  • Rizwan Shaikh and Hamza Girach have worked at the bank for about 20 years
  • Girach was a member of the group that covered Saudi Aramco's historic IPO in 2019
Economy

Abu Dhabi conference brings hospitals up to date with cybersecurity threat

The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of...
  • The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of Abu Dhabi
  • The healthcare sector is a frequent target for cyber-attacks due to the sensitivity of information, which are often sold and used in identity theft
Business

Uniper, UAE’s Masdar working on hydrogen project

Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout...
  • Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout for Uniper
  • Germany has intensified its focus on energy security and the use of green hydrogen produced from renewable energy compatible with EU climate goals
Business

QatarEnergy, QPD to further develop Al-Karkara and A-Structures oil fields

The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997.
  • The new 5-year agreement, which commences on December 23, succeeds the development and production sharing agreement signed in December 1997
  • The fields were initially considered non-commercial until QPD managed to prove their commercial viability in the late 1990s
Economy

UAE, Canada non-oil trade totals $3bn in first 9 months of 2022

The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in...
  • The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in 2021
  • Canadian direct investments in the UAE until the start of 2021 amounted to AED3.6 billion, a rise of 100 percent over the past 8 years
Economy

UAE launches corporate tax public awareness program

ABU DHABI, UAE  - UAE's Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Program following the issuance...
  • The program has been designed to raise awareness of the UAE corporate tax law among the largest audience possible.
  • While the sessions are open to the public, the primary target audience includes business leaders from all sectors.
Economy

DEWA launches construction work of Hatta Sustainable Waterfalls project

DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the...
  • The Hatta Sustainable Waterfalls project is unique for its innovative architectural idea.
  • The Hatta Sustainable Waterfalls project will use the slope of the upper dam of Hatta plant to create a natural waterfall.
Geostrategy

UAE foreign minister meets visiting First Lady of Israel

Sheikh Abdullah affirmed the UAE's keenness to strengthen the strategic partnership with Israel and advance bilateral cooperation in various fields.
  • Sheikh Abdullah affirmed the UAE's keenness to strengthen the strategic partnership with Israel and advance bilateral cooperation in various fields
  • Israel and the UAE forged ties in the United States-brokered Abraham Accords in 2020, bringing over a decade of covert contacts into the open

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
Business

Company News

Latest News

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...
Science

Abu Dhabi Global Market announced as home to $30 billion ALTÉRRA

Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic...
COP28 UAE

COP28’s Green Zone: A central hub for climate-related activities

Dubai, UAE - The Green Zone at the COP28, overseen and managed by the conference presidency team, serves as a...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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COP28 UAE

Indian spiritual leader Sadhguru to kick off COP28 faith pavilion

Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
  • Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
  • Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action
Geostrategy

MoHRE asks over 12,000 private firms to meet Emiratization targets

DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...
  • Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.
  • This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.
Economy

Siranna: NEOM’s premier destination for elite travelers revealed

NEOM, Saudi Arabia – NEOM, a futuristic city planned by Saudi Arabia in its northwestern Tabuk Province, has unveiled Siranna,...
  • The destination offers uninterrupted views of the Red Sea, with its tiered design offering diverse views and perspectives
  • Arriving via waterborne transportation to the secluded bay, guests will journey through the natural rock formations before reaching the entrance of the property