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.

Doha Insurance net profit up

The profit jumped to US$41.40m in 2023.

Business

Dubai to host the world’s biggest ‘airport industry show’ in May

Dubai, UAE-- In the month of May scores of airport developers, officials, and suppliers from around the world will troop...

Business

AD Ports launches new service to boost trade between UAE and Kuwait

Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched...
  • The preliminary data for 2022 has shown a rise in non-oil trade exchange between the two countries to $12 billion
  • Owing to a series of partnerships, trade acitivity between the UAE and its neighboring countries has witnessed significant growth
Economy

Qatar’s GTA extends deadline for filing of income tax returns

Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...
  • The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
  • The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time
Business

Qatar cruise tourism receives boost as MSC World Europa docks in Doha

Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121....
  • Qatar's tourism sector has recorded growth in recent years thanks to growing popularity in cruise tourism, making the country a favorite destination
  • Equipped with latest technology, MSC World Europa is one of the most innovative and eco-friendly equipment in the company's fleet
Business

Aramco signs MoU with Samsung

The deal is designed to enhance Saudi digital transformation.
  • Both will make a push for the kingdom's digital transformation in sectors like energy, petrochemical, and manufacturing
  • Saudi Arabia, according to a UN report in March, is ranked fourth globally in its level of preparedness in digital systems
Economy

Egypt and World Bank agree US$7bn, five-year partnership

Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on...
  • According to the World Bank statement, the program will help create a level playing field for the private sector and to encourage investment and improve resilience to shocks
  • Over the past year, Egypt's economy has been under severe pressure, after the fallout from Russia's invasion of Ukraine exposed underlying problems.
Business

Qatar real-estate transactions vault to US$660 million in February

Doha, Qatar-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February. The...
  • The real estate index shot up by 70 percent in February as against January 2023, while the value of real estate trading index vaulted by 79 percent
  • The value of Doha Municipality's transactions amounted to $260 million in the real estate market index for the month of February
Economy

Vertical farming project launched in Abu Dhabi

Abu Dhabi, UAE--ADQ has launched a vertical farming project in partnership with ZERO, a technology company based in Italy. Dubbed...
  • It is designed to enhance indoor farming locally and also to explore and push the boundaries of desert-climate farming in the UAE
  • The joint project draws on the benefits of growing crops in vertical layers, which includes higher yield, shorter growing times and lower water usage
Economy

EIB pledges US$535mn for Syria-Turkey quake reconstruction

Brussels, Belgium--The European Investment Bank today pledged $535 million in earthquake reconstruction and recovery package for Turkey and Syria at...
  • The reconstruction package is meant to restore basic living standards for more than 1.7 million refugees hit by the earthquake
  • It will focus on Turkish regions devastated by the earthquake and is designed to enhance support for restoration of basic infrastructure
Business

SRC, Alrajhi sign refinance deal

SRC is looking to expand its refinancing portfolio.
  • SRC said that the agreement is the latest in a series of similar deals to support mortgage financiers and originators
  • It will provide liquidity, capital management, and balance sheet de-risking solutions to enhance real estate financiers’ capacity
Economy

Jordan’s ‘Tashgheel’ fetches 20,000 jobs for its citizens in private sector

Amman, Jordan--A government-sponsored program in Jordan has helped place 20,000 people into private sector jobs since its launch in April...
  • The government program aims to provide 60,000 job opportunities in accordance with the private sector's demand
  • More than 50,000 job seekers registered for the program, 26,258 of whom were female and 26,885 of whom were male

Doha Insurance net profit up

The profit jumped to US$41.40m in 2023.
Business

Company News

Latest News

AD Ports Group expands operations in Kazakhstan with two new oil tankers

Abu Dhabi, UAE--AD Ports Group in collaboration with KazMorTransFlot (KMTF) has announced the acquisition and commencement of operations of two...
Business

Bahrain and EU hold discussions to ramp up ties in energy sector

Manama, Bahrain-- Bahrain and the European Union (EU) have held discussions to boost cooperation in various domains, including the energy...
Economy

Gulf Air hit by data breach

It said client database may have been compromised.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Hamas leader Ismail Haniyeh terms Gaza ceasefire ‘political victory’

Dubai, UAE--Senior Hamas leader Ismail Haniyeh has called the ceasefire in the Gaza Strip a political victory at a meeting...
  • The Hamas leader said the ceasefire amounts to a political victory because of the success of the resistance forces on the ground
  • The Iranian foreign minister said that despite Israel's aggressive military action it had failed to destroy Hamas and had to negotiate with it
Economy

Dubai to host corporate governance experts at ICGN-Hawkamah Conference

Dubai, UAE--Dubai will host a gathering of international corporate governance experts at the upcoming ICGN-Hawkamah Conference, themed 'Capital, Companies, and...
  • Experts will hold discussions on topics such as national visions towards sustainable economies in the MENA region, the role of corporate boards in the governance of sustainability
  • Against the backdrop of COP28, the event aims to explore how corporations can align their strategies with climate goals while fulfilling their corporate governance responsibility
Business

Bahrain’s BIBF partners with UpGradelle to boost digital transformation

Manama, UAE--The Bahrain Institute of Banking and Finance (BIBF) has partnered with UpGradelle, a leading French-based consultancy firm, to develop...
  • The BIBF intends to equip the country's financial and business sectors with skilled leaders that can "catalyse the change in business operations"
  • CEO of the BIBF said the collaboration will strengthen their position as a leader in delivering state-of-the-art training and development solutions