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.

Investcorp Capital names new CFO

Rohit Nanda, the new CFO, will take up his new job next month.

Business

Jordan oil imports decline in January, boosting trade balance

Amman, Jordan--Jordan's import bill for crude oil, derivatives, and mineral oils saw a notable decline in January this year, according...

Economy
Business

Qatar’s customs and tax departments link up e-services to ‘facilitate’ business

Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...
  • The launch of interconnection is expected to achieve automation and integration of procedures, with the aim of providing the best services to taxpayers
  • The chairman of customs said that the e-connection between customs and tax services is part of Qatar's vision to leverage technology and provide advanced and effective services
Economy

Qatar expects a decrease in inflation next year

Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
  • The Qatari finance minister said the high inflation in Qatar during 2023 was linked to high food prices, and it was a temporary phenomenon
  • The minister said the total expenditure in the 2024 budget will be US$55.1 billion, a one percent compared to the current year's budget
Business

UAE, Mauritius conclude CEPA talks, set to boost trade

The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
  • Mauritius posted an 8.5 percent GDP growth in 2022 — the fastest in 35 years
  • The deal is also expected to drive FDI into fintech, healthcare and tourism sectors
Business

Arabian Travel Market ties up with ICCA, GBTA as business set to touch US$1.8trn

Dubai, UAE--Arabian Travel Market (ATM) has entered into a partnership with the International Congress and Convention Association (ICCA) and the...
  • ICCA and GBTA have been appointed as ‘Knowledge Partners’ for the regional trade show to be held at the Dubai World Trade Center
  • through its partnerships with the two noted global entities, ATM looks to deliver even more value and innovation to its attendees and exhibitors
Business

Aldar ties up with Yellow Door Energy

They will supply solar power to 45 properties in the UAE.
  • As part of Aldar's Net Zero Plan, the switch to solar power will prioritise on-site clean energy generation
  • Starting in 2024, the transition to solar will reduce 23,000 tonnes of CO2 emissions in its first year
Business

UAE, South Korea look to deepen collaboration in water sector

Dubai, UAE-- The UAE and South Korea Korea are looking to boost ties in the water sector and in this...
  • The joint committee will seek to ramp up bilateral cooperation in the water sector, taking into account global changes and serving the best interest of both nations.
  • The Korean delegation was also apprised of the Water Security Strategy 2036 that aims to reduce the loss in the water network, decrease total demand for water resources by 21%
Business

Kings Aluminium starts building US$204m facility in KEZAD

Abu Dhabi, UAE-- Kings Aluminium Industries has begun constructing a state-of-the-art aluminium manufacturing and recycling facility in Khalifa Economic Zones...
  • The aluminium factory spread across 100,000 square metres of land leased from KEZAD Group will source its raw material from Emirates Global Aluminium
  • The facility will localise the manufacturing, utilise local raw materials, enhance environmental as well as sustainability aspects in the production process
Business

Saudi EVIQ unveils R&D facility

It will be used to test a range of EV chargers and software.
  • The CEO of EVIQ said that with the setting up of R&D facility the company was paving the way for the growth of a sustainable EV ecosystem in Saudi Arabia
  • The company said that the facility will serve as a hub for developing the expertise and knowledge in EV charger technology, bolstering the EV market in the kingdom
Business

Russia’s Gazprom sets new daily record for gas supplies to China

Moscow, Russia--Gazprom has set a new record for daily gas supplies to China via the Power of Siberia pipeline on...
  • According to Gazprom, supplies are made under a bilateral long-term gas purchase and sale agreement between the oil company and China
  • The company added that since November it has ramped up the volume of gas supplies to China as per the previously signed additional agreement
Business

Nissan to export EVs globally

It would sell China-developed EVs all over the world.
  • The automaker is looking to export the line-up of existing internal combustion engine vehicles and pure electric and hybrid cars
  • China accounted for just over a fifth of Nissan's worldwide sales of about 2.8 million vehicles over the first 10 months of the year

Investcorp Capital names new CFO

Rohit Nanda, the new CFO, will take up his new job next month.
Business

Company News

DWTC’s hospitality branch growth up

Oman Air Cargo revenue up

Gulf Hotels Group profit up

GIS profit climbs in H1

Ithmaar Bank H1 profit up

Latest News

UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil

Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...
Economy

QDB signs MoU with Global Ventures

The collaboration is expected to boost private sector in Qatar.
Business

Geopolitical risks, sanctions keep commodity markets on edge

Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arab League organizes workshop to discuss BRICS role in MENA region

Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...
Business

Multiply Group acquires Backlite Media

The buyout is part of its plan to boost media business.
  • The acquisition seamlessly complements the group’s existing portfolio, which includes Media 247 and Viola Communications
  • BackLite Media, a premier advertising company, has assets in landmark locations in the UAE with revenues of $63.17m in 2023
Economy

Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister

Dubai, UAE-- Morocco hopes to increase its exports by 12 percent this year, according to the kingdom's minister of industry...
  • The minister said in Dubai the Moroccan government's economic growth forecasts are around 3.7 percent this year
  • He said the WTO conference is an opportunity for dialogue toward fairer and more transparent trade measures