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.

‘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

Muslim nations meet in Jeddah to unite against Trump’s controversial Gaza takeover proposal.

Trump's plan has already united Arab countries in opposition, with Saudi Arabia also hosting Arab leaders two weeks ago to...

Geostrategy
Business

ADIB enhances mobile app for international money transfers

Abu Dhabi, UAE - Abu Dhabi Islamic Bank (ADIB) has introduced enhanced international transfer features on its mobile app and...
  • As the first bank in the UAE to offer discounts on remittance payments using Promo Codes, ADIB aims to transform the app into a one-stop solution for any remittance
  • Around 95% of the bank’s remittances occur through digital channels, with most of those transfers directed to the Americas, Europe, the Middle East, and Asia
Business

Google’s Russian division faces bankruptcy as debt to creditors soars: TASS

Moscow, Russia - Google's Russian subsidiary is on the brink of bankruptcy as it struggles to cope with its mounting...
  • The subsidiary's financial liabilities have now surpassed a staggering $211,579,032
  • The company’s ordeal dates back to May 2022 when it declared its intention to file for bankruptcy
Economy

Iraq to harness Associated Petroleum Gas to generate electricity

Baghdad, Iraq - The Iraqi government has launched a project to harness the Associated Petroleum Gas (APG) from the Bin...
  • The project's principal advisor Mounir Bouaziz said that the field's production capacity is scheduled to range from 400,000 to 500,000 barrels of light oil per day
  • Once completed, the project will eliminate the need for import of a significant portion of gas while also meeting the requirements for operating electric power plants
Business

Barclay family seeks Telegraph control with UAE investor support: report

Dubai, UAE - The Barclay family is reportedly making a bid to regain control of the Telegraph newspaper group. Months...
  • The Telegraph's parent companies faced financial turmoil and went into receivership earlier this year
  • This situation presented a rare opportunity for investors to step in and acquire one of Britain's most prominent newspaper groups
Business

Mancini hired as Saudi Arabia team coach for $25m a year

Mancini's resignation from the Italy job came as a major shock, as earlier this month he had been handed responsibility...
  • The Saudis, who beat eventual champions Argentina at last year's World Cup in Qatar, have been without a coach since Herve Renard left to take charge of France's women's team
  • Saudi Arabia, the world's biggest crude oil exporter, has made waves this summer by buying a host of players from European clubs for teams in the Saudi Pro League
Business

Iran hopes joining BRICS likely to enhance trade and business

Tehran, Iran - Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an...
  • Logical policymaking and decisions will lead to positive achievements for the country after joining BRICS, the Iranian official Arsalan Ghasemi said.
  • BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally, he added.
Geostrategy

Sheikha Fatima launches national plan for empowerment of Emirati women

ABU DHABI, UAE – Chairwoman of the General Women's Union (GWU) Sheikha Fatima bint Mubarak launched the National Strategy for...
  • This strategy comes in line with Sheikha Fatima’s vision to achieve fair and comprehensive women's participation in all fields.
  • The plan provides a general framework and guidance for decision makers in federal, local government institutions, private sector and civil society.
Business

Climate change to be discussed in Dubai COP28 meet, says Egypt minister

Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
  • noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks
  • Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects
Business

Joint Jordanian-Yemeni Business Council to resume activities, says JCC

AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General...
  • The Jordan Chamber of Commerce stressed on the importance of attracting new Yemeni investments to the Hashemite Kingdom.
  • The JCC said the Kingdom offers several opportunities in multiple commercial, service and industrial sectors for investors.
Economy

Saudi Arabia’s foreign trade rises to $172bn in a year

Riyadh, Saudi Arabia - Saudi Arabia’s foreign trade soared to $172 billion last year, the Saudi Minister of Commerce and...
  • The volume of non-oil exports witnessed a 40% growth between 2018 and 2022 reaching a total of $28.7 billion
  • The Saudi Export-Import Bank played a vital role by providing loans amounting to $4.6 billion

‘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

Company News

Latest News

Saudi Arabia to expand customs duty exemption for some industrial products from April 1

Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources has unveiled plans to broaden the range of...
Economy

Dubai’s assets in endowment sector reaches US$2.8bn

DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...
Geostrategy

ADCB approves cash dividends worth US$1.1bn  

ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arts & Culture

1200 year old ebony wood poles discovered at Jeddah’s Othman bin Affan Mosque site

Jeddah, Saudi Arabia - The Jeddah Historic District Program has announced the discovery of the two ebony wood poles at ...
  • The two masts are classified as among the oldest artifacts discovered at the site so far
  • The number of architectural phases discovered at the Othman bin Affan Mosque so far has reached seven
Arts & Culture

Alicia Keys to perform at Saudi Arabian Grand Prix 2024 on March 9

Jeddah, Saudi Arabia - Jeddah is poised to host Alicia Keys, the legendary musician, singer, and multiple Grammy-award winner, at...
  • Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
  • Keys will be gracing Jeddah for the first time, marking her third appearance in Saudi Arabia
Science

Saudi Arabia unveils its man shaped AI robot Mohammad

Riyadh, Saudi Arabia - Saudi Arabia unveiled its first male humanoid robot ‘Muhammad’ during the second edition of DeepFast in...
  • A 7-second video of the robot is now viral. In it, the reporter Rawya Kassem, is seen talking about the robot
  • Addressing the audience in flawless Arabic, the robot emphasized his role as a national project showcasing Saudi achievements in AI