INSEAD Day 4 - 728x90

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.

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.

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...

Geostrategy

‘Dark universe detective’ telescope releases first data

Paris, France - Europe's Euclid space telescope, which is on a mission to shed light on the mysteries of dark...

Science
Economy

Israel suspension of Gaza exports risks ‘catastrophe’: businesses

Osama Nofal, of the Gaza economic ministry, put the value of Gaza exports to Israel and the occupied West Bank...
  • Israel's army chief on Monday ordered a halt to commercial deliveries from Gaza to Israel after an alleged attempt to smuggle explosives
  • The Gaza Strip has been under a crippling Israeli blockade since the Islamist group Hamas seized power in the Palestinian territory in 2007
Business

stc buys stake in Telefónica

The group invests in information, communications and technology sectors.
  • The group's growth strategy has resulted in investments in the Information, Communication and Technology sectors inside Saudi Arabia and globally
  • The most recent investment being the acquisition by Tawal, a subsidiary of stc Group, of United Group’s telecommunications tower assets in Bulgaria, Croatia and Slovenia
Geostrategy

Saudi, Iran exchange ambassadors after years-long rupture

Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh...
  • Two countries agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March
  • Riyadh and Tehran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of the cleric Nimr al-Nimr
Business

Iran’s IKCO to buy electric vehicles from Chinese firm Dongfeng

Tehran, Iran - The CEO of Iran’s largest car manufacturing company, IKCO (Iran Khodro Industrial Group), said that his company...
  • IKCO’s CEO Alimardan Azimi said on Monday that EV imports by the company will amount to 6,000 units by March 2024.
  • The announcement comes days after the unveiling of more than a dozen EV charging stations in the Iranian capital Tehran.
Geostrategy

Xi’s G20 no-show hints at China’s shifting diplomatic priorities

Beijing, China - President Xi Jinping's unexplained decision to snub the G20 summit underlines Beijing's frayed ties with other major powers...
  • Beijing's foreign ministry said Monday that Premier Li Qiang would join the leaders of the world's biggest economies in New Delhi this weekend, effectively confirming Xi's absence
  • No reason was given why Xi will not attend the summit, which he has not skipped since coming to power, except Rome in 2021 when he participated by video link owing to pandemic

Israel’s sports team makes landmark visit to Saudi Arabia

Riyadh, Saudi Arabia - An Israeli sports delegation arrived in Saudi Arabia on Monday to participate in the World Weightlifting...
  • Three Israeli weightlifters are set to compete in different weight classes during the World Weightlifting Championships
  • Israeli athletes are expected to participate in a competition in Qatar in December, even though neither Saudi Arabia nor Qatar maintains diplomatic ties
Arts & Culture

Saudi Arabia to register 50,000 urban heritage assets 

Riyadh, Saudi Arabia -- The Saudi Heritage Commission announced on Monday the nomination of 50,000 urban heritage assets across the...
  • The Architectural Heritage Register serves as the record of heritage sites that have been registered based on specific criteria related to national, or cultural significance
  • The registration process involves the use of a geospatial information system to accurately manage, store, and preserve information about these sites and structures
Economy

Saudi Arabia to invest $25bn over next five years: Pakistan interim PM

Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to...
  • The investment is part of a concerted effort to boost foreign direct investment in the South Asian nation
  • Pakistan is believed to possess untapped mineral deposits conservatively valued at around $6 trillion
Economy

BRICS’ share in global GDP to rise to 30% from January 2024: Indian bank

New Delhi, India -  The share of the BRICS (Brazil, Russia, India, China, South Africa) group in the global Gross...
  • Currently, China is the largest contributor to the aggregate GDP of BRICS, with a staggering 70% share, followed by India at 13%, Russia at 8%, Brazil at 7%, and South Africa at 2%
  • One of the most significant impacts of the new members joining BRICS will be on global oil production, which is expected to increase from 18% to 40%
Business

UAE creates federal authority for gaming, casino giants flock to country

Dubai, UAE - The United Arab Emirates (UAE) has established a federal entity responsible for regulating gaming activities within the...
  • Ras Al Khaimah, one of the UAE's seven emirates, is planning to open a Wynn Resort valued at around $3.9 billion, which will include a casino
  • The decision to allow gambling comes amid heightened economic competition in the Gulf, particularly with neighboring Saudi Arabia

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...
Geostrategy

Company News

Latest News

Global child deaths reach historic low in 2022: UN report

Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to...

Over 70% report revenue surge in UAE from digital payments, Visa finds

Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since...
Business

Parkin to give more shares to retail investors in its IPO

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Baghdad, Tehran in talks to import gas from Turkmenistan

Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with...
  • The pact provides for supplying Iraq with 51 million M3 per day, Iraqi minister of electricity Luay Al-Khatteeb said
  • He further noted that the Iraqi Ministry of Electricity has fulfilled all gas-related payments to Iran
Economy

$2bn earmarked for Saudi real estate by Muslim global HWNIs

Riyadh, Saudi Arabia - Muslim global high net worth individuals (HNWI) are prepared to spend US$ 1.96 billion on real...
  • Makkah (30%) has emerged as the top wish list city by Muslim HNWI for real estate purchases in Saudi, while Riyadh (25%) ranks second
  • Prices in Makkah have risen by an average of 5.5% over the last 3 years, compared to 5% in Madinah over the same period
Business

Jafza reports 28% year-on-year growth in 2023 of new Indian companies

DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...
  • Over 190 new Indian businesses and a total of more than 1,500 Indian companies have set up business in Jafza.
  • This move aims to assist Indian businesses in accessing markets across the Middle East, Africa, and Europe.