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.

Abu Dhabi launches technology investment company MGX

ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...

Business

Qatar and Estonia sign agreement to avoid double taxation

Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion. The agreement was...

Economy
Business

Meeza, QNBFS sign agreement

The liquidity agreement is for Meeza's listed shares on QSE.
  • The liquidity provision service is expected to start on September 7, 2023, according to a statement published on the QSE
  • Meeza, a Qatar-based venture, is helping speed up Qatar's growth through the provision of top-notch IT services and solutions
Geostrategy

Saudi Arabia and Iran two most influential countries in Islamic world: Raisi

Tehran, Iran--Iran's President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region...
  • Iranian president in his meeting with Alireza Enayati, the new ambassador to Saudi Arabia, spoke of strengthening relations between the two countries
  • In June, the Islamic republic reopened its embassy in Riyadh and then followed it up with the reopening of its consulate in Jeddah
Economy

Saudi Arabia forms Global Water Organization to secure sustainable resources

Jeddah, Saudi Arabia--Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the establishment of Global Water Organization in order to...
  • The body will seek to exchange knowledge, expertise, the advance of water technology, innovation, and share research and development experiences
  • It will also press for the funding of high-priority projects to ensure the long-term sustainability of water resources while ensuring access to water for all
Economy

Iran expects cooperation with Turkey to grow in Erdogan’s new term

Tehran, Iran-- Iran's President Ebrahim Raisi expects cooperation between his country and Turkey to grow during the "new term" of...
  • Iran's president met with the foreign minister of Turkey and other officials and hoped for an enhancement in ties between the two countries
  • The Turkish foreign minister believes that the bilateral trade between Ankara and Tehran can reach US$30 billion as the overall relations grow
Science

Sultan AlNeyadi is back but his mission will continue, says MBRSC

According to MBRSC, Sultan AlNeyadi will continue his mission in order to benefit from the scientific experiments that he took...
  • Once the spacecraft splashed down, the astronauts were carried out of the capsule and placed in a gurney-type transport
  • Being the first Arab astronaut to do a spacewalk, Al Neyadi was seen smiling and waving to the camera after leaving the capsule
Economy

Iraq signs deal with IFC to develop Baghdad International Airport

Baghdad, Iraq--Iraq has signed an agreement with the International Finance Corporation (IFC) - a member of the World Bank Group...
  • The agreement, according to the Iraqi PM's office, will provide for the expansion, financing, operation, and maintenance of Baghdad International Airport
  • The PM's office further said the agreement is part of a series of deals signed with the private sector to develop critical infrastructure across the country
Business

DEWA presses into service seven 132 KV transmission substations in H1

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has pressed into service seven new 132 transmission substations in the first half...
  • DEWA's MD and CEO, Saeed Mohammed Al Tayer, said that the total cost of electricity transmission network projects under construction exceeds $1.14bn
  • Al Tayer further revealed that the total number of transmission substations across Dubai reached 368 stations by the end of the first half of 2023
Economy

Oil prices climb to highest level in seven months on supply fears

Dubai, UAE--Oil prices rose to their highest in over half a year and snapped a two-week losing streak, buoyed by...
  • Russia's Deputy Prime Minister Alexander Novak said on Thursday that his country has agreed with OPEC+ to cut oil exports next month
  • The International Energy Agency and OPEC are relying on China, the world's largest oil importer, to shore up oil demand over the rest of 2023
Economy

Iran and Syria sign agreement to build rail connection via Iraq

Tehran, Iran-- Iran and Syria have signed an agreement to connect the rail network between the two countries through Iraq....
  • Iran's minister of roads and urban development made the announcement at the inauguration ceremony of the construction of the Shalamcheh-Basra railway
  • The minister said that in the wake of the signing of the agreement with Syria, a trilateral agreement between Iran, Iraq, and Syria will be put on the agenda
Arts & Culture

Protection pact for Yemeni cultural assets extended with US support

Dubai, UAE-- Yemen and the US have signed an agreement to renews and extend protections for Yemeni cultural property that...
  • According to the US State Department, the agreement provides a framework for cooperation between the two countries to combat cultural property trafficking
  • It further noted that the agreement adds to the US support for a durable resolution to the Yemen conflict and reaffirms US support for Yemeni sovereignty

Abu Dhabi launches technology investment company MGX

ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business

Company News

Latest News

DMCC launches global trade roadshow in London to attract FDI from UK

Dubai, UAE--DMCC has kicked off the ninth edition of its global trade roadshow, Made For Trade Live, in London, seeking...
Business

Gulf Warehousing Company profit down

Its net profit fell 10.24% to US$59.07 million in 2023.
Business

ADIB records 45% jump in net profit

Its revenue climbed 36 percent to US$2.53 billion in 2023.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Abu Dhabi establishes Artificial Intelligence and Advanced Technology Council

Abu Dhabi, UAE-- The UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a law, as the ruler of...
  • The council has been set up to develop policies and strategies related to research, infrastructure and investments in AI in Abu Dhabi
  • It will formulate plans in collaboration with local and global partners to enhance Abu Dhabi's status in the fields of artificial intelligence
Business

Bahrain and GCC look to boost ‘convention, exhibition’ industry

Manama, Bahrain-- Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry...
  • The Bahrani minister spoke of the kingdom's resolve to continue developing the exhibitions' sector by providing it with facilities
  • The two sides discussed establishing more major international events and exhibitions across the cities of the GCC countries
Business

IPT Energy floats new firm in Sharjah

It will engage in the import and trading of oil products.
  • The new company will be involved in the import and trading of refined oil products, petrochemicals, lubricants, and grease
  • It has invested $11m as first stage investment in the emirate and plans to double this investment to $22 million by 2025-26