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.

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

Dubai Chambers, DP World partner to lure global investment to the emirate

Dubai, UAE--Dubai Chambers has signed a memorandum of understanding (MoU) with DP World to enable the chambers to leverage DP...

Economy
Economy

Indonesia president to participate in BRICS summit in South Africa

Jakarta, Indonesia--Indonesian President Joko Widodo departed for South Africa on Sunday to attend the BRICS summit in Johannesburg amid speculation that...
  • Before leaving for the BRICS summit, Widodo told reporters that apart from attending the event he will also meet with other world leaders
  • Launched in 2009, BRICS aims to tame Western economic domination in global affairs, much to the consternation of the Western political leadership
Economy

Iran-China cooperation at its best in various fields: envoy

Tehran, Iran-- China's ambassador to Iran has affirmed that his country's cooperation with Iran is at its best in various...
  • The Chinese ambassador said there were many opportunities for cooperation with west Azarbaijan province in the areas of international trade with Europe
  • He noted that a document has been signed to boost China's trade with Europe via Iran, noting that the capacities of west Azarbaijan can be used in this regard
Economy

Saudi Arabia and Kazakhstan to boost environment, agriculture ties

Astana, Kazakhstan-- Saudi Arabia and Kazakhstan have pledged to strengthen cooperation in the fields environment, water, and agriculture. The strengthening...
  • The discussion happened during a meeting between President of Kazakhstan and Saudi Arabia's Minister of Environment, Water and Agriculture in Astana
  • Both leaders explored opportunities to boost trade in agricultural products, and discussed issues concerning environment, water and food security
Economy

Oil prices inch up 1% on signs of slow US output, posts first loss in 8 weeks

Dubai, UAE--Oil prices jumped about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended...
  • After industry data showed that the US oil and natural gas rig count fell for the sixth week in a row, both benchmarks pushed higher on Friday
  • A worsening property crisis in China added to concerns about the country sluggish economic recovery as oil prices dropped about 2 percent from last week
Business

UAE’s investments in Ethiopia touch US$2.9bn as non-oil trade expands

Abu Dhabi, UAE-- As the UAE President Sheikh Mohamed bin Zayed visits Ethiopia to strengthen relations with the African country,...
  • According to Dr. Thani bin Ahmed Al Zeyoudi, the investments encompass four key sectors: chemicals, food and beverages, aluminum and pharmaceuticals
  • He said the country's re-exports to Ethiopia climbed 8.6 percent year-on-year to $553.3 million in 2022, continuing a strong upward trend since 2018
Science

Saudi CST urges public for feedback on ‘space use plan’ for frequency spectrum

Riyadh, Saudi Arabia--The Communications, Space and Technology Commission (CST) has urged the public to provide their views on its space...
  • It has given all "interested parties" in the kingdom and outside a time until September 10 next month to provide views and observations
  • Early this year, CST announced the formation of a Space Entrepreneurship Alliance to achieve growth and sustainability in the sector
Geostrategy

UAE president and Ethiopia PM pledge to boost relations

The two leaders met in Addis Ababa and held talks on various aspects of bilateral relations, in addition to broader...
  • They also discussed regional and international developments and exchanged views on issues of shared concern
  • Sheikh Mohamed applauded Ethiopia's commitment to advancing renewable energy to attain climate neutrality
Economy

Saudi economic support vital for progress in various sectors: Yemen PM

Aden, Yemen--Yemeni Prime Minister Maeen Abdulmalik affirmed that the economic support Saudi Arabia provides to Yemen represents a vital factor...
  • The prime minister said during a cabinet meeting the kingdom's support strengthens the Yemeni government's effort to achieve economic stability
  • The kingdom early this month endorsed a $1.2 billion grant to Yemen’s internationally recognized government to prop up the country’s flagging economy
Business

Meeza to list on QSE

Its shares will begin trading on the bourse later this month.
  • The company recently obtained the approval from the Qatar Financial Markets Authority (QFMA) and the QSE's board for a listing on the exchange
  • The company's price will be floated on the first day of the listing and from the second day it will be allowed to fluctuate by 10% up or down
Business

DWTC’s hospitality branch growth up

The division recorded 32% growth in H1 of 2023.
  • Apart from proving its culinary strength with a 32% growth, the division recently won a big haul of medals at Emirates Salon Culinaire 2023
  • Its kitchen recently received grade A rating from Dubai Municipality and certifications from Hazard Analysis and Critical Control Points

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

Company News

Latest News

China’s economy to grow steadily in 2024, say analysts

Beijing, China--China's economy is likely to pick up the pace and grow steadily in 2024 after a bumpy recovery last...
Economy

Sharjah Chamber discusses collaboration with AAAID on trade, investment

Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) has held discussions with the Arab Authority for Agricultural Investment and...
Business

World Economic Forum foresees ‘significant economic slowdown’

Davos, Switzerland--A new World Economic Forum report titled the Future of Growth Report 2024 foresees a significant economic slowdown, estimated...
World Economic Forum
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

CBUAE balance sheet touches US$182 billion in November 2023

Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to $182.43 billion at...
  • The UAE central bank's balance sheet maintained a steady 21.2% growth rate throughout the first eleven months of 2023
  • According to the CBUAE, investments and deposits also played a huge role, totaling $56.63 billion and $26.53 billion respectively
Business

DEWA extends fibre-optic ducts across Dubai by 364 kms in 2023

Dubai, UAE--The Dubai Electricity and Water Authority (DEWA) has laid over 364 kilometres of fibre optic (FO) ducts across different...
  • With the laying of new ducts, the total length has increased to 3,998 kilometres, a 10% increase compared to 2022
  • The installation has boosted infrastructure and smart grid, ensuring the availability of round-the-clock services
Business

Microsoft becomes world’s largest company

The tech giant's market value has surged by over $1 trillion.
  • The company, which along with Nvidia and Amazon placed a significant emphasis on AI, has experienced huge market surges over the past year
  • Microsoft's, according to LSEG data, market cap stood at $2.887 trillion, its highest ever, while Apple's market cap was $2.875 trillion