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.

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

GCC and Turkey begin free trade negotiations to boost ties

Ankara, Turkey-- The Gulf Cooperation Council and Turkey have started off free trade negotiations to deepen their ties further. In...

Economy
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
Geostrategy

Elon Musk’s X supports US student in trouble over posts

Dubai, UAE--Elon Musk’s X has made good on its promise to back users who are being punished for statements they...
  • The student, Juan David Campolargo, was found to be violating the university's student code of conduct, according to Campolargo's lawyers
  • Musk voiced his support for the college student in a brief post on X, "We will do whatever it takes to support your right to free speech!"
Economy

UAE unveils ‘roadmap’ to reduce food waste by 50 percent

Dubai, UAE--In order to reduce food loss and waste by 50 percent, the UAE has launched Ne’ma Food Loss and...
  • The initiative was unveiled at the fourth national dialogue on Food Security organized by the Ministry of Climate Change and Environment with ne’ma
  • The minister said the roadmap will be a collective effort to bring down food waste by setting up new social norms, policies across the food ecosystem
Business

UAE holds 19% of global sustainable bonds, says Fitch Ratings

DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues...
  • Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region.
  • Environmental, social and governance bonds in UAE constitute over 19 percent of the global ESG bond market.
Geostrategy

Turkey FM warns of escalation in nuclear arms race

Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a...
  • Fidan said the failure to denuclearize the region will ramp up the nuclear arms race in the region and the wider world, leading to increased nuclearization in the area
  • The foreign minister said the Arab League and the Organization of Islamic Cooperation were playing crucial roles in addressing the Gaza crisis on the international stage
Economy

EDB pledges to expand UAE’s renewables market through easy financing

Dubai, UAE-- With its financing packages for the renewables sector to support the transition to clean and sustainable energy sources,...
  • EDB CEO Ahmed Mohamed Al Naqbi said the bank through its financing can help businesses switch to solar-power to reduce emissions
  • The bank can offer up to 100% financing with a maximum tenure of 15 years and a two-year grace period for investments in renewable energy
Geostrategy

War in Gaza represents serious setback for efforts to reduce tension: Gargash

Manama, Bahrain-- The ongoing war in Gaza represents a serious setback for the efforts to reduce tension in the region...
  • The diplomatic adviser to the UAE president expressed concern that the violence in the Gaza Strip will only fuel further extremism and instability in the region
  • He said a two-state solution is the only "viable path" to peace for both the Palestinian and Israeli peoples, and it demands strong and sustained international participation
Economy

UAE receives first batch of patients from Gaza to undergo medical treatment

Dubai, UAE-- At least 15 patients from Gaza arrived in the UAE to receive medical treatment in the UAE's hospitals....
  • The initiative is part of the UAE government's resolve to provide medical treatment for 1,000 children from the Gaza Strip who are in urgent need of medical care
  • The UAE has sent dozens of planes with 1,400 tonnes of food, medical, and relief supplies, to support endeavors aiming at providing relief in the Gaza Strip
Geostrategy

Bahrain and Thailand seek to boost economic cooperation

Manama, Bahrain-- Bahrain and Thailand have held discussions to enhance economic cooperation in a meeting between top officials of the...
  • The two officials took a review of the progress made in the political and economic cooperation between the two kingdoms
  • They underscored the resolve of the two countries to consolidate security and peace, and also support sustainable development goals
Economy

Abu Dhabi to host third edition of Investopia summit in February

Abu Dhabi, UAE-- The third edition of the Investopia summit will be held in Abu Dhabi in February next year,...
  • The event is expected to be graced by thousands of particpants from around the globe and locally, including investors, government officials, decision-makers, and entrepreneurs
  • The minister said that the summit is one of the important projects of the UAE in transitioning towards the new economic model and stimulating investment in future economic sectors

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

Company News

Meeza to offer 50% shares in IPO

Al Mahhar to list on QSE

Gulf Air, Emirates sign deal

Aldar raises US$500mn

Masdar, Airbus sign deal

Latest News

ADIB unveils new payment hub

It will help customers to seamlessly process transfers.
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...

China steps up green transition drive to meet carbon-emission goals

Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

BHP net profit tumbles 86%

Its sales jumped 6% to US$27.2bn in half-year results.
  • The company's net profit dropped 86 percent to $927 million as it took a hammering from exceptional items
  • The mining giant said last week that it was writing down its Western Australian nickel assets because of a market slide
Economy

China’s Guangdong province now boasts of 75,000 high-tech companies

Shenzen, China--The total number of high-tech enterprises in south China's Guangdong Province has exceeded 75,000, local authorities have said. By...
  • The province's estimated annual research and development (R&D) expenditure topped about $64.8 billion by the end of 2023
  • The region has seen its gross domestic product surpass $1.80 trillion in 2023, topping the country for 35 consecutive years
Business

Nintendo shares tumble 8.5%

Its next-generation console will be delayed until 2025.
  • A news report said the next console would miss the key Christmas holiday shopping period in December
  • The gadget is fading with the console now in its seventh year, but the company is tight-lipped about its plans