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.

UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range...

Business

Saudi Arabia and Bahrain sign road safety, maintenance agreement

Manama, Bahrain--Saudi Arabia and Bahrain have signed a memorandum of understanding to boost road safety and maintenance in the two...

Economy
COP28 UAE

ENEC signs MoU with Egypt

They will explore to advance the use of nuclear energy.
  • The UAE's nuclear body is focused on strategic investments, research and development, and innovative approaches to cater to the need for clean energy sources
  • It is cooperating with local stakeholders to determine deployment pathways, and with international partners for both technology and project collaboration opportunities
Business

Bahrain and Germany look to boost cooperation in health sector

Manama, Bahrain-- Bahrain and Germany have held discussions to boost ties in the health field as the two countries seek...
  • Chairman of the SCH, Lieutenant-General Dr. Shaikh Mohammed bin Abdulla Al Khalifa, expressed Bahrain’s interest in developing cooperation with Germany in all fields
  • Both the sides pushed for an exchange of specialized medical, technological and technical expertise, training, medical research between the two countries
Business

EU clinches ‘historic’ deal on AI law after long negotiations

The EU's internal market commissioner, Thierry Breton. called the deal as historic, regulating artificial intelligence models such as ChatGPT. Negotiators...
  • The commissioner said the AI Act is much more than a rulebook , calling it a launchpad for EU startups
  • The EU law will still need to be formally approved by member states and the parliament
Business

UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector

Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and...
  • The MoUs were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO Air Services Negotiation (ICAN2023),
  • The GCAA chief said the UAE is eager to strengthen cooperation in the field of air transportation with various countries around the world
Economy

Saudi Arabian GDP declines by 4.4 percent in Q3 2023

RIYADH, SAUDI ARABIA - Saudi Arabia’s real gross domestic product (GDP) fell by 4.4 percent year-on-year (YoY) in the third...
  • The Kingdom’s GDP at constant prices reached US$191 billion (SAR 719.09 billion) in the third quarter of 2023,
  • The real seasonally adjusted GDP eased 3.2 percent quarter-on-quarter (QoQ) in the three-month period. 
Business

Iran-Russia trade surges 18 percent to US$1.7 billion in 2023

Tehran, Iran--Trade between Iran and Russia has climbed 18 percent to US$1.7 billion in the first eight months of 2023....
  • Jumping more than 40 percent up, the weight of trade between Iran and Russia was 3,748 million tons from March to November
  • Iran revealed that $616, 326 million worth of goods were exported to Russia, which shows 32% increase compared to the same period last year
COP28 UAE

Egypt to sign agreement on curbing methane emissions

Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting...
  • The agreement as per media reports will be signed by the the United States Trade and Development Agency (USTDA) within the framework of the COP28
  • The minister said that Egypt supported green hydrogen projects in order to promote North African country's drive to become a green hydrogen regional center
Business

Masdar eyes Europe for growth

It wants to build a supply chain between UAE and Amsterdam.
  • It signed an agreement to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets
  • The green fuel is generated with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis
COP28 UAE

First Movers Coalition emerges as top advocate of climate-friendly technologies

Dubai, UAE-- Since its launch two years ago, the First Movers Coalition (FMC) has become the world's largest private sector...
  • FMC member companies have signed 94 offtake agreements to purchase emerging climate technologies.
  • The coalition engages 13 governments who together account for over 50% of global gross domestic product
COP28 UAE

Arab Coordination Group allots US$10bn to support energy transition

Dubai, UAE--The Arab Coordination Group (ACG), a strategic alliance comprising regional and international development institutions, announced at COP28 an allocation...
  • The important aspects of the plan include mobilising financial resources by increasing the use of green bonds and risk mitigation tools
  • The ongoing COP28 in Dubai lays emphasis on substantially ramping up climate financing and expediting the transition process

UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range...
Business

Company News

KPC posts bumper profits

Boursa Kuwait profit declines

Ooredoo posts 20% profit rise

Black Cobra signs MoU with OSTIM

Fawry to expand into Saudi Arabia

Latest News

China pledges to ‘work with all’ for results at Abu Dhabi WTO conference

Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference...
Economy

WTO chief economist applauds UAE ‘commitment’ to trade liberalization

Abu Dhabi, UAE-- Applauding the UAE's commitment to trade liberalization, including development of green and digital trade globally, Ralph Ossa,...
Economy

Commercial vehicle sales in China soar 79.6% in January

Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data....
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Bahrain to support ‘Arab tourism’ in order to boost cultural integration

Manama, Bahrain--Bahrain will support Arab tourism in order to enhance social, cultural and historical integration among Arab people, according to...
  • The minister told media the exercise would advance the contribution of the tourism sector to Arab countries’ national development
  • She said the kingdom will strengthen its position as an ideal destination for sustainable tourism in light of the diversity of its tourism services
Business

Ford halts shipment of F-150 EVs

It will carry out quality checks on pickup trucks.
  • The automaker said the shipments were stopped on Feb. 9, but did not say when it expected to resume shipments
  • The company began shipping this week the first newly designed gas-powered 2024 model F-150 pickups to dealers
Economy

Qatar Chamber and International Labour Organization look to boost ties

Doha, Qatar--The Qatar Chamber (QC) and the International Labor Organization (ILO) discussed bilateral cooperation relations in the fields of labor,...
  • The two sides look to enhance relations in the fields of labour, research, training, and ways to achieve the common interests
  • Al Mansori noted the chamber's preparedness to collaborate with the ILO, praising its significant role in labour-related matters