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.

Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security

Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...

Geostrategy

Saudi tourist arrivals rise to 122.6 million in 2025, spending hits $81 billion

The growth was driven primarily by domestic travel, which reached 93.3 million tourists, up 8.3% from 2024, while inbound visitor...

Business
Business

flynas UAE expansion plan to increase number of routes, flights

Dubai, UAE -- flynas, the Saudi budget carrier, has announced expansion plans for the UAE from September this year, which...
  • The carrier unveiled expansion plans for the UAE on the sidelines of the Arabian Travel Market (ATM).
  • Starting September 2024, flynas will expand its operations to include Abu Dhabi, Sharjah, and Al Maktoum International (DWC).
Business

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme
  • IHC's robust performance in Q1 2024 led to a Profit after Tax margin of 41.6 percent and earnings per share of AED 2.17.
  • This growth was propelled by strong performances across IHC’s core sectors of Real Estate & Construction, Technology, Marine & Dredging, Food, and Services & Others.
Business

Dubai records 5.18m international overnight visitors in Q1

Dubai, UAE -- Dubai welcomed 5.18 million international overnight visitors from January to March 2024, an 11 percent rise over...
  • Dubai begun 2024 by being named the No.1 global destination for an unprecedented third successive year in the Tripadvisor Travellers’ Choice Awards.
  • From January to March, the Western Europe region was Dubai’s biggest source market with 1.138 million arrivals, a 22 percent overall share.
Business

NEOM, Saudi Red Sea Authority to partner in marine tourism

NEOM, Saudi Arabia -- Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM to collaborate...
  • The partnership will promote the sharing of expertise and enable the implementation and activation of joint initiatives.
  • The agreement specified several areas of cooperation, such as supporting opportunities available to investors in coastal tourism and water activities.
Business

Miral Destinations to showcase latest attractions at ATM 2024

Abu Dhabi, UAE -- Miral Destinations, a subsidiary of Miral and promotional partner for Yas Island and Saadiyat Island Abu...
  • Scheduled to take place from 6-9 May in Dubai, ATM offers a stage for Miral Destinations to demonstrate its dedication to innovation and sustainable tourism, media reports said.
  • Saadiyat Island Abu Dhabi is launching the ‘Elevate your Senses’ campaign during Arabian Travel Market.
Business

UpLink launches initiatives to push circular carbon economy transition

Riyadh, Saudi Arabia -- UpLink, the World Economic Forum community dedicated to supporting early-stage impact-focused entrepreneurs, has announced the launch...
  • In collaboration with Saudi Arabia's Ministry of Economy and Planning and Ministry of Energy, UpLink unveiled its Circular Carbon Economy Partnership.
  • The partnership aims to select a cohort of 10-20 early-stage startups to receive support in scaling their impact over the next year.
Geostrategy

Saudi Arabia calls for ‘real commitment’ towards a Palestinian state

Riyadh, Saudi Arabia -- Saudi Arabia has called for a "real commitment to a two-state solution that is a credible, irreversible...
  • At the WEF meeting, Prince Abdulaziz bin Salman, Minister of Energy, said a just and equitable energy transition will only be achieved by using a range of energy sources.
  • Saudi Arabia's tourism sector has nearly doubled, growing from $35 billion to $66 billion, and set its sights on reaching $80 billion this year.
Business

UAE’s Islamic finance sector grows by 8 percent in 2023: S&P

Abu Dhabi, UAE -- The total assets of the global Islamic finance sector continue on a path of rapid growth,...
  • The agency expects high single-digit growth in the period 2024-2025 after the sector achieved 8 percent growth in 2023.
  • The agency explained in its report that the sukuk market started strong in 2024, with total issuances reaching $46.8 billion by 31st March, 2024.
Economy

Europe reverses course on interest rates, diverging from U.S. Fed policies

For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight...
  • The IMF recommended that the ECB cut rates quarterly in quarter-point increments until September 2025
  • Monetary policy in the GCC will remain tight, deterring some private sector investment
Business

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.
  • ADQ will acquire a 49 percent stake in Plenary, including all shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec.
  • Established in 2004, the Plenary has a portfolio of 21 assets under management valued at over US$25 billion across Australia and the Middle East.

Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security

Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...
Geostrategy

Company News

Latest News

UAE property market enters more sustainable growth phase

The UAE real estate market entered a more measured and mature phase in the first quarter of 2026 after the...
Business

Emirates breaks ground on Dubai South engineering hub

The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business

ADNOC-led partnership targets $30 billion infrastructure investments

The partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

The generational digital divide is fading among UAE investors, eToro finds 

76% of younger investors and 75% of older investors have acted on a recommendation by an AI engine
  • Younger investors favour future-facing sectors and mature investors are more likely to support industries that are well established in the UAE
  • Both groups share the same top three investing goals: to achieve financial independence, to supplement income, and to provide long-term security
Geostrategy

Pentagon raises Iran war cost to $29 billion

The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
  • The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
  • Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks
Opinion

Five fundraising lessons for founders building outside the mainstream

Niche businesses often need to help investors understand the category before they can evaluate the company. Founders should explain the...
  • In a market where an app can be built quickly, investors need to understand what cannot be easily replicated.
  • Niche businesses often need to help investors understand the category before they can evaluate the company.