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.

Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities

Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...

Geostrategy

OPEC+ decides to keep oil production levels unchanged

Vienna, Austria--The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum...

Business
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...
  • Albudaiwi said the free trade talks exemplify the strategic partnership between the GCC countries and Turkey, as well as the regional cooperation in various sectors
  • He said the GCC countries are actively engaged in free trade negotiations with other nations to expand trade opportunities, promote economic cooperation
Science

COP hosts UAE, Azerbaijan, Brazil pledge stronger climate action

Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would...
  • Countries across the world have been under pressure to keep this warming limit alive by pledging to accelerate their efforts to slash greenhouse gas emissions
  • The United Nations climate chief last week stressed that the new round of commitments were essential to keep the world from blowing past 1.5 Celsius
Economy

Saudi Industrial Production Index climbs up in January 2024

Riyadh, Saudi Arabia--The Saudi Industrial Production Index (IPI) recorded 103.3 points in January 2024, compared to 103 points in December...
  • As per reports, the sub-index for mining and quarrying activity, which accounts for 61.4% of the index weight, grew by 0.1% to reach 98.2 points in January 2024
  • The report added that the sub-index for manufacturing activity, which accounts for 35% of the index weight, grew by 1.1% to reach 113.8 points in January 2024
Economy

GCC central banks hold rates steady, following US Fed

The Central Bank of the UAE kept the Base Rate for the Overnight Deposit Facility (ODF) steady at 5.40%, aligning...
  • Both central banks' decisions come after Fed's vote to maintain interest rates at a 23-year high
  • The decision is a careful balancing act by the UAE and Qatar aimed at fostering stability and growth
Geostrategy

GCC and EU hold talks to boost economic, political ties

Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance...
  • Jasem Mohamed Albudaiwi, head of the GCC, held talks with members of the EU Political and Security Committee
  • The two sides exchanged views on a group of regional and international issues, including the crisis in the Gaza Strip
Business

ADX partners with Eureeca

The collaboration will bolster accessibility to ADX IPOs.
  • The partnership between ADX and Eureeca capitalises on the exchange’s robust e-IPO investor portal, highlighting its commitment to simplifying the IPO process
  • The tie up will take advantage of Eureeca’s international investor base, giving regional and international retail and HNWIs the opportunity to participate in ADX IPOs
Business

Bahrain and France sign MoU to boost tourism education

Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...
  • The MoU will strengthen educational ties, foster mutual understanding, and enhance bilateral relations in the realms of academia, culture, and knowledge exchange
  • The curriculum for the EKLYA students will encompass a variety of subjects, including cross-cultural studies, project management, event management, and geopolitics
Economy

UAE banking sector looks poised for continued growth in 2024

Abu Dhabi, UAE--The UAE banking sector continued its growth momentum last year and is poised for further growth and recovery...
  • The indicators of rising assets, financing and capital adequacy ratios reflect the sector's flexibility and resilience to adapt to the changes the world is witnessing
  • At the end of December 2023, total deposits of resident and non-resident customers with banks operating in the UAE rose by 4.2% and annually by 13.5% ), reaching $686bn
Business

Nakheel, Meydan join Dubai Holding

The Board of Directors of both Nakheel and Meydan will be abolished.
  • Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum directed the two to merge under Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum
  • He said the goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors
Business

Dubai receives 1.77m international tourists in January this year

Dubai, UAE--Dubai welcomed 1.77 million international tourists in January 2024, an increase of 21% compared to 1.47 million visitors in...
  • Tourists from Western Europe ranked first with 327,000 visiting the emirate in January
  • Some 311,000 travelers from the GCC countries visited Dubai in the same month

Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities

Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...
Geostrategy

Company News

DIEZ profit jumps 64.6% in 2023

GAS, SPPC ink two contracts

Ooredoo, Nokia sign MoU

Emaar unveils new projects

QDB signs MoU with Global Ventures

Latest News

Microsoft, AI to set up data-center project

It will cost US$100bn and will include an AI supercomputer.
Business

UAE and Kenya sign agreement to enhance digital, tech cooperation

Abu Dhabi, UAE--The UAE and Kenya have signed an investment memorandum establishing a framework for investment cooperation in digitalisation and...

Amanat FY 2023 revenue $195m

The company's revenue grew by 40 percent year-on-year.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Arab Bank for Economic Development in Africa expects financing to touch US$2.5bn

Abu Dhabi, UAE--The Arab Bank for Economic Development in Africa (BADEA) expects the bank's annual financing to reach US$2.5 billion...
  • The annual financing of the bank is witnessing a steady increase, rising from US$2 billion in 2022 to US$2.23 billion in 2023
  • Nearly 30 percent of the bank's financing in the last 10 years was allocated to sustainable development projects in Africa
Business

Abu Dhabi Chamber and UAEIIC team up to boost investment

Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council...
  • The two entities will ensure the growth of investments in the region and across the world to promote Abu Dhabi as an investment destination
  • They will work together to assess growth opportunities in strategic priority markets, provide consultations, and share studies and information
Business

Investcorp Capital names new CFO

Rohit Nanda, the new CFO, will take up his new job next month.
  • Nanda before his new appointment was the head of Operations and head of Investment Structuring and Business Support, Asia, at Investcorp
  • He is a chartered accountant, holding a master's degree in science with a specialization in finance from the London School of Economics