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.

Qatar real-estate trading volume in January stands at US$521m

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...

Business

Tenaris sets up base in Abu Dhabi

The global pipe maker invested US$60m in the business.

Business
Business

Dubai sees entry of 10,500 wooden dhows in 2002, boosting trade

Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting...
  • The wooden dhows ferried 1.7 million metric tonnes of merchandise from countries across the MENA region and beyond
  • The Marine Agency is aiming to boost trade with neighbouring countries further and contribute to the objectives of the Dubai Economic Agenda D33
Business

Agthia posts 14% profit jump

The company reported a profit of $67.25m for the last fiscal.
  • Its net revenue increased 33 percent to $1.09 billion, with growth of 97 percent on a two-year basis
  • The company's total assets stood at $1.85 billion by end-2022, with total shareholders’ equity of $762 million
Science

UAE to showcase advance in organ transplant at Arab Health 2023

Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA),...
  • The UAE health authorities will take part in the 48th edition of the exhibition under a unified national platform called "Emirates Health
  • The National Program was designed to support the country's goal of becoming a regional and global leader in organ and tissue transplantation
Business

Muscat Stock Exchange joins Tabadul network of ADX and BHB

Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has...
  • Now MSX’s listed securities, along with those of ADX and BHB, are available for digital trading
  • Last Year ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services
Business

Dubai International Financial Centre launches ‘metaverse platform’

Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The...
  • It is part of a strategy being developed by Dubai International Financial Centr to accelerate Dubai’s status as a global metaverse leader
  • The platform is commensurate with the Dubai Metaverse Strategy, which aims to add US$4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies
Economy

More than 2,000 contestants to take part in Spinneys Dubai 92 Cycle Challenge

Dubai, UAE-- Over 2,000 cyclists from the UAE and overseas are expected to participate in the 13th edition of the...
  • The cycling event will be organized on 19th February 2023 with the support of the Dubai Sports Council and the UAE Cycling Federation
  • The Spinneys Dubai 92 Cycling Challenge comprises an outrider race for amateurs with a short distance of 40 km
Economy

European Union provides US$70m in financing to Jordan

Amman, Jordan-- The European Union (EU) has signed two agreements with Jordan to provide it with a $70 million in...
  • Jordan's Minister of Planning Zeina Toukan said these grants come at an important time to support the development and reform efforts in Jordan
  • The EU’s "Food and Resilience Facility" aims to support specific interventions designed according to the domestic context and needs
Economy

UAE unveils ‘Emirates Health’ at medical conference in Dubai

Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today...
  • The three entities have jointly developed projects on display as part of a unique national initiative to provide curative and digital health services
  • During the four-day event at the Dubai World Trade Centre, the Emirates Health Platform will witness the launch of an innovative health services package
Economy

Jordan and Arab League discuss ways to boost communication ties

Amman, Jordan-- Jordan and the Arab League have discussed ways to deepen coordination on communications. Minister of Government Communication Faisal...
  • Faisal Shboul of Jordan noted the "importance" of cooperation between Jordan and the Arab League regarding strengthening and developing the joint Arab media framework
  • Ahmed Khattabi of the Arab League praised Jordan's hosting of Arab media forums and meetings through coordination and consultation with the media and communication sector
Business

Abu Dhabi stock exchange expects boom in listings in 2023

Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on...
  • Last year the stock exchange featured five initial public offerings and two dual listings, as well as listings for six exchange-traded funds and one blank-cheque company
  • The chairman said the global picture is "starting to look better than expected, with a soft landing now forecast in the United States"

Qatar real-estate trading volume in January stands at US$521m

Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...
Business

Company News

Latest News

Jet fuel sales to reach over billion gallons by end of 2023: ENOC

Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year...
Business

Egypt annual core inflation falls 1.6 percent in October

Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...
Economy

GCC keen to strengthen economic cooperation with Turkey: Albudaiwi

Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Saudi Arabia boosts ‘investment relations’ with African countries

Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Investment has held a number of roundtable meetings with several African countries on...
  • Saudi Arabia signed a memorandum of understanding with Mauritania to encourage investment flows between the two countries
  • The kingdom also took steps to enhance economic ties with Chad and Somalia, enabling the private sector to benefit from opportunities
Geostrategy

France rallies for Gaza, demanding ceasefire

Pleading for an end to Israel's war on the Gaza Strip, thousands of pro-Palestine supporters took to streets in Paris...
  • Similar ceasefire rallies also took place in other French towns including Marseille, Toulouse, Rennes and Bordeaux
  • Manuel Bompard, one of the coordinators in Marseille, said the mobilization is essential in the face of massacres
Economy

UAE exhorts UNESCO members to join COP28 ‘climate efforts’

Paris, France-- The UAE has made a fervent appeal to members of the United Nations Educational, Scientific and Cultural Organization...
  • The minister made the remarks at the 42nd session of the General Conference of UNESCO General Policy Debate, held in the UNESCO headquarters in Paris
  • He underscored the UAE's efforts in the field of environmental sustainability and its keenness to enable learners and equip them for the “digital age we live in”