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 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

Vance rebukes Israeli critics of Trump-Iran deal, says US remains Israel’s only ally

Vance said that if he were serving in Israel's cabinet, he would not be "attacking the only powerful ally that...

Geostrategy
Economy

India plugs into the Gulf region with power cables

India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via...
  • India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.
  • The move aims to boost energy security, promote the use of renewable resources, and foster closer economic ties with Gulf states.
Business

Response Plus net profit surges in 2023

The Group's profit increased by 68% YoY to $13.52 million.
  • The Group's equity increased to AED230.04 million as of December 31, 2023 from AED222.9 million in the previous year.
  • The Earnings Per Share (EPS) increased to AED 0.25 in 2023 from AED 0.15 a year before, reflecting the Group’s commitment to profitability and shareholder value creation.
Business

EGA to acquire Leichtmetall

EGA is to buy 100 percent of firm from Leichtmetall Holding.
  • The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.
  • Leichtmetall’s production mainly consists of hard alloy billets up to 1,150 millimetres in diameter
Business

ESG buys additional stakes in 2 firms

The stakes were acquired in Vision Factory and Decovision.
  • ESG had acquired 60 percent stake in Vision Factory, a key player in furniture and joinery production, in 2022.
  • ESG’s latest acquisition in Decovision, a premier provider of interior design and engineering services, increases its stake to 85 percent.
Business

Sharjah Islamic Bank signs Murabaha pact with Turkiye Wealth Fund

Sharjah, UAE -- Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) have signed a Shariah-compliant Murabaha facility worth...
  • This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign Wealth fund has launched Shariah-compliant financing from an international source.
  • The Turkiye Wealth Fund (TWF) is the entity responsible for the sovereign ownership of strategic and high-importance assets in Turkiye, including Turkish Airlines.
Business

Emarat partners with Al Maryah Bank

Al Maryah gets first naming rights for Emarat fuel stations.
  • Under this partnership, Al Maryah Community Bank becomes the inaugural entity, both locally and globally, to secure the rights to name a fuel station.
  • Through Mbank Wallet application, customers can execute transactions by scanning the QR code at the checkout counters using their mobile phones.
Geostrategy

Qatar and Turkey to reunite wounded Gazans with their relatives in Doha

Doha, Qatar - Qatar and Turkey announced partnership in reuniting wounded Palestinians from the Gaza Strip with their relatives in...
  • The Ministry of Foreign Affairs said that a number of the wounded are receiving treatment in Turkey, while their relatives were undergoing treatment in Qatar.
  • The reunification will enable the patients to continue their treatment together in Doha, as part of the initiative of Qatar's Amir Sheikh Tamim Al-Thani.
Business

Real estate deals worth $23bn recorded in Abu Dhabi in 2023: ADREC

Abu Dhabi, UAE -- Real estate deals worth AED 87.1 billion ($23.71 billion) were recorded in Abu Dhabi during 2023,...
  • The value of buying and selling activities surged by 159.5 percent compared to 2022, reaching AED61 billion.
  • ADREC reported this increase based on 15,653 transactions, representing a 73.7 percent rise from 2022.
Business

Nearly 71% firms plan to expand workforce in ADGM in 2024

Abu Dhabi, UAE:  A total of 70.81 percent of companies anticipate expanding their workforce in Abu Dhabi Global Market during...
  • Asset Management is poised to take the lead, as 18.56% of respondents recognize its significant growth potential.
  • Fintech and the fields of Digital Assets, Blockchain, and Distributed Ledger Technology, came second, with 17.08% and 16.83% of stakeholders banking on their rise respectively.
Business

UAE first: Islamic banking assets by 2023 end cross $190bn mark

Abu Dhabi, UAE -- The assets of Islamic banks operating in the UAE exceeded AED 700 billion ($190 billion) for...
  • Deposits in Islamic banks rose to AED 495.5 billion at the end of last December, an annual increase of about 12.6 percent, compared to about AED 440 billion in December 2022.
  • The total investments of Islamic banks reached AED 132.7 billion at the end of last December, an annual increase of 27.1 percent or AED 28.3 billion.

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

Company News

Latest News

Gas prices surge as Iran tensions roil energy markets

The Wall Street Journal reported that U.S. officials said President Donald Trump had instructed aides to prepare for a sustained...
Geostrategy

UAE quits OPEC, reshaping global oil politics

The decision marks one of the most significant ruptures in the producer group's recent history. Long viewed as one of...
Geostrategy

Next wave of global competitive advantage lies in tech combinations: WEF

Eight technology domains, including AI, robotics, engineering biology and advanced materials are no longer advancing in isolation.
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

MENA faces shortfall of 111,737 construction Project Managers by 2035: PMI

The PMI report finds that MENA will require up to 330,794 construction project management professionals by 2035 under a high-growth...
  • Even under a low-growth scenario, the region would still face a shortfall of more than 88,561 professionals.
  • Retirement-driven attrition will widen the gap further, compounding pressure on an already strained talent market.
Geostrategy

Hezbollah warns it would respond to Israeli ceasefire violations

The exchange came as regional tensions remained high and Iran intensified diplomatic efforts to secure a broader halt to hostilities,...
  • U.S. President Donald Trump said on Sunday that Iran could contact Washington by phone if it wished to negotiate an end to the conflict.
  • British Prime Minister Keir Starmer and Trump discussed the need to restore shipping through the Strait of Hormuz.
Business

Firms lag as AI-driven fraud surges: Study

The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
  • Among the fastest-growing threats is deepfake-enabled social engineering.
  • The United Arab Emirates and Saudi Arabia have the potential to take a leading role in next-generation fraud prevention.