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.

Dubai food and beverage sector stirs up with investment of US$577m

Dubai, UAE-- The food and beverage sector in Dubai has attracted new FDI worth $577 million from 2019 to 2023,...

Business

BHP net profit tumbles 86%

Its sales jumped 6% to US$27.2bn in half-year results.

Business
Economy

QFFD, EAA sign pacts to back education drive in Asia, Africa

Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund...
  • The agreements will ensure quality education for more than 709,060 out-of-school primary children between now and March 2027 through EAA's "Educate A Child" program
  • The funding will enable access, enrollment, and learning skills, including teacher training, capacity buildings, refining educational techniques and methods
Economy

UAE and Jordan agree to share experiences to combat corruption

Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption,...
  • The visiting delegation called on the officials at the Audit Bureau of Jordan and the Integrity and Anti-Corruption Commission to share experiences and exchange knowledge
  • Jordanian delegates were apprised of various initiatives taken by the UAE for reporting financial and administrative violations and the financial disclosure platform
Geostrategy

Qatar appoints new PM, after resignation of Sheikh Khalid

Doha, Qatar-- Qatar's Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani has resigned from his job, according...
  • According to the state news agency, the emir has appointed Sheikh Mohammed Bin Abdul Rahman Al Thani in the post
  • The outgoing PM Sheikh Khalid was appointed to the office in January 2020, after having been head of the Amiri Diwan
Business

Agility launches data center sites in Saudi, Kuwait and Egypt

Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and...
  • The company is preparing the sites at ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity
  • It is a market leader in industrial real estate in the Middle East, South Asia and Africa with 1.5 million SQM of warehousing and 12 million SQM of industrial land
Economy

Oman to award solar energy projects worth US$777m to investors

Muscat, Oman -Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to...
  • Nearly 2 million solar panels will be installed in these two stations, which will be the largest solar panel project for Oman
  • The projects, which will jointly produce 1,000MW of energy, are set to come up on a 15 million sq m area within the Governorate of A’Dakhiliyah
Economy

Energy sector vital to solving climate challenge: Dr Al Jaber

Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al...
  • He called for quick decarbonization, and the need for creating the energy system of the future
  • The minister noted the financing gap between the world’s climate ambitions and the climate goals
Business

Presight to list on ADX

It will make an initial public offering before listing.
  • The company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth
  • It has entered into a cornerstone investment agreement with IHC, under which the latter has agreed to invest in the planned IPO
Economy

UAE, Oman agree to cooperate on development, environmental protection

Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage...
  • Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in fish farming and achieving net-zero targets
  • Almheiri said that the UAE seeks to encourage the implementation of eco-friendly solutions to address environmental challenges
Geostrategy

King Abdullah meets Lloyd Austin, calls for calm in Palestinian Territories

Amman, Jordan--King Abdullah has stressed the need for restoring calm in the Palestinian Territories, as well as cease any unilateral...
  • Jordan king called for stepping up efforts towards relaunching Palestinian-Israeli negotiations to reach just and comprehensive peace
  • Discussions between the two also covered the latest regional developments, as well as efforts to reach political solutions to crises in the region
Economy

UAE positioned itself as key player in global value chain: Al Zeyoudi

Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani...
  • Al Zeyoudi said the UAE achieved a remarkable 17 percent growth in trade figures, reaching a total of $630 billion
  • The minister affirmed his confidence in the UAE's ability to continue attracting investments and achieving strong trade growth in the coming year

Dubai food and beverage sector stirs up with investment of US$577m

Dubai, UAE-- The food and beverage sector in Dubai has attracted new FDI worth $577 million from 2019 to 2023,...
Business

Company News

Latest News

Oil prices stall ahead of U.S. stocks data, potential OPEC+ cuts

Texas, US--Oil prices hardly moved during Asian trade on Wednesday as the market awaited potentially mixed news on the supply...
Economy

Iran and Russia to speed up railway project along Caspian Sea

Tehran, Iran--Iran will begin construction work on joint railway projects with Russia as part of the International North-South Transport Corridor...
Geostrategy

Oman LNG signs sale-and-purchase agreement with BP to deliver gas

Muscat, Oman--Oman LNG has entered into a sale-and-purchase agreement (SPA) with BP to deliver a total of 1 million metric...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

UAE a key player in global financial landscape: NYSE vice-chairman

Abu Dhabi, UAE--The UAE has solidified its stature as a key player in the global financial landscape, through launching economic...
  • He believes the UAE’s financial markets have significant potential and flexibility, combined with its continuous commitment to innovation and development
  • He said the UAE's commitment to developing its financial infrastructure and attracting foreign investments makes it a significant market in the MENA region
Business

Dubai Financial Market, Nasdaq Dubai, Shanghai Stock Exchange sign MoU

Dubai, UAE--The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MoU)...
  • The MoU will enhance ties between Dubai and China's capital markets, marking a significant milestone in cross-border collaboration
  • The two bourses will jointly explore to develop products, introduce companies and issuers to the advantages of each market
Geostrategy

Top Iran and Russia diplomats hold talks, voice concern at ‘confrontation’ in Gaza

Moscow, Russia-- Iran and Russia have held talks over the ongoing Israel's war on the Gaza Strip, expressing "concern over...
  • According to the Russian foreign ministry, the top diplomats of the two countries voiced concern over the ongoing "confrontation" in Gaza
  • During the talks both the sides underscored the need for an immediate ceasefire and emergency relief aid to be rushed to the civilian population