INSEAD Day 4 - 728x90

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.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Riyadh willing to boost oil output to facilitate normalization deal with Israel

Riyadh, Saudi Arabia - Saudi Arabia has signalled its willingness to increase oil production to earn goodwill for a historic...
  • Saudi officials have reportedly informed the White House that they are open to raising oil production if crude prices remain high, the WSJ reported
  • Saudi Arabia's offer to increase oil production in 2024 represents a shift from its stance last year when it rejected a US request to raise production to lower oil price

Most Arab youth against normalization with Israel, more so Palestinians: survey

Dubai, UAE - The majority of Arab youth are against the normalization of relations with Israel, with Palestinians and Iraqis...
  • The normalization is opposed by the 98% of youth in Saudi Arabia, the biggest Arab power which is currently engaged in talks to normalize relations with Israel
  • Other Arab countries with most opposition among youth to any normalization with Israel include Libya (98%) followed by Sudan (97%), Jordan (97%), Kuwait (86%) and others

RIP Stoneman Willie: US mummy to be buried after 128 years

The corpse has eerily laid in an open casket for almost his entire stay at the funeral home.
  • The corpse has eerily laid in an open casket for almost his entire stay at the funeral home
  • His leathery skin and smooth sunken facial features have been the object of fascination for thousands

UAE as hub will help food security corridor under I2U2 framework: Indian minister

Abu Dhabi, UAE - The UAE as a geographical and business hub will help the proposed ‘food security corridor project...
  • The UAE as a trading hub can cater to the GCC, CIS countries [former Soviet Republics], eastern Europe and all of Africa, Piyush Goyal said
  • Food corridor will get large economies of scale and will contribute not only to global food security but also help keep the food prices in check., he added

EU foreign policy chief to visit China next week

China while also maintaining ties with the world's second-largest economy. European Commission President Ursula von der Leyen has defined the...
  • Borrell first pushed back the trip in April after testing positive for coronavirus and was then expected to go in July before China abruptly called off the visit
  • He will meet Chinese Foreign Minister Wang Yi "to discuss bilateral relations as well as foreign policy and security issues", the EU official added

Saudi MATARAT inks pact with Brazil’s Union of Airports

Rio de Janeiro, Brazil - The Saudi MATARAT Holding Company signed Wednesday a memorandum of understanding (MoU) with Brazil’s Union...
  • The agreement aims to enhance cooperation and integration between the two parties in aviation and airport management
  • The signing of the MoU took place on the sidelines of the Saudi-Brazilian Aviation Conference in Rio de Janeiro

GCC economic integration: The grouping okays more measures at Muscat meeting

Riyadh, Saudi Arabia - The Gulf Cooperation Council (GCC) has approved several more regulations and resolutions as part of its...
  • GCC took more steps to complete the GCC Customs Union and the GCC Common Market to achieve economic unity by 2025
  • Muscat meeting also took note of the signing of a Free Trade Agreement between GCC countries and the Islamic Republic of Pakistan

UAE President receives Speaker of Iranian Parliament

Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of...
  • During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed his greetings to Iranian president Dr Ebrahim Raisi
  • The two sides discussed relations between the two countries and ways to enhance ties, especially at the parliamentary level

Qatar, Iran discuss cooperation in free zones, investment

DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin...
  • The Qatari minister and the Advisor to the Iranian President discussed reinforcing cooperation between the two countries.
  • The Iranian leader and accompanying delegation toured the Free Zones at Ras Bufontas and Umm Alhoul Free Zone.

Saudi Jisr raises $30m investment from Merak Capital

Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment...
  • This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East
  • Jisr, founded in 2016, stands as the first Saudi human resources management platform, supporting over 3,000 clients

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Company News

Latest News

TAQA, JERA sign pact with SATORP to develop plant in Saudi Arabia 

ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...

Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce

AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange...

Saudi Arabia weighs handing state airline Saudia over to PIF

Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Visa-free policies make Middle East preferred destination for Chinese travelers

Dubai, UAE - As China's outbound tourism steadily rebounds from the pandemic's impact, the Middle East is emerging as a...
  • Data from online travel agencies including Ctrip, Tongcheng, Tuniu, Mafengwo, and Zuzuche indicates a significant rise in Chinese tourists flocking to the UAE
  • Destinations like the UAE, Saudi Arabia, Qatar, Egypt, and Morocco have witnessed increasing demand from Chinese travelers, partly due to their visa-free policies

Saudi RCU begins rock excavation for Sharaan Resort in AlUla

ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...
  • The initial excavation symbolizes the start of a mission that combines Jean Nouvel’s architectural innovation with Bouygues' engineering expertise.
  • This milestone is an important step forward in AlUla's evolution into a premier destination for sustainable luxury tourism.

Hotel Dar Tantora is inspired by Saudi’s AlUla ancient mudbrick buildings

ALULA, SAUDI ARABIA – Situated in the heart of Old Town here, Dar Tantora Hotel offers guests a chance to...
  • AlUla’s Old Town, with its origins going back over 700 years, prospered along the renowned incense trade route.
  • With over 900 traditional mudbrick homes, the Old Town stands as a testament to the Kingdom’s enduring cultural heritage.