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 climbs global startup rankings on AI and tech growth

The emirate was ranked in the #41-50 category globally, improving from the #51-60 range a year earlier and marking one...

Business

Saudi Arabia’s residential market weakens in Q1 despite price gains

The slowdown was most pronounced in Riyadh, where transaction volumes and values dropped 82% from a year earlier. Activity also...

Business
Business

Madinah on list of top five regions for e-commerce records

Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023,...
  • Saudi Arabia's large and tech-literate population has made the country an attractive target for online retailers.
  • Online buying has been growing in Saudi Arabia in recent years at such speed that it is now estimated to be $970 million.
Business

Aramex partners with Bollywood film Dunki starring Shah Rukh Khan

DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki...
  • The partnership marks Aramex as the official brand partner for the movie and is a showcase of the brand’s commitment to expanding its presence in India.
  • In a scene from the film, Shah Rukh Khan’s character receives a package from Aramex at a hotel, putting a spotlight on the brand’s global delivery services.

West Bank sees ‘unmatched surge’ in Israeli settlements since Gaza war

Peace Now said in the report published on Thursday there had been an increase in the activities of some settlers...
  • The Israeli group Peace Now said in a report that nine outposts had appeared in the occupied West Bank since the start of the Israel-Hamas conflict
  • About three million Palestinians live in West Bank, which is also populated by 490,000 Israelis living in settlements deemed illegal under international law
Business

PIF completes investment in MEPCO

The sovereign wealth fund acquired 23% stake in the firm.
  • MEPCO is a manufacturer specializing in the production and recycling of paper-based products in the Middle East and North Africa region.
  • PIF aims to expand MEPCO production, enhance its operational efficiency, and support environmental sustainability, through recyclable products, including paper goods.
Business

UAE creates ‘Parkin’ to oversee parking space operations in Dubai

Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee...
  • Parkin PJSC is likely to be tasked with creating, planning, designing, operating and managing public parking spaces
  • The newly established company will have financial, administrative and legal autonomy to fulfil its responsibilities
Economy

Jordan’s public debt rises to $46.1bn by Oct 2023 end: Ministry

Dubai, UAE -- Jordan's public debt till the end of October 2023 has risen to $46.1 billion, 89.6 percent of...
  • The Ministry of Finance said the government had borrowed $3.8 billion in the first ten months of 2023.
  • In Dec, Jordan approved the 2024 budget with a deficit of $1.6 billion, expecting the country's public debt this year would make up 88.3 percent of the GDP.
Geostrategy

4,156 Palestinian students killed in Israeli Gaza and West Bank assault

The Palestinian Ministry of Education said that since the beginning of the aggression, the number of students killed in the...
  • In the occupied West Bank, 37 students were killed and 282 others were injured, with 85 others arrested.
  • A total of 278 public school and 65 others affiliated with the UNRWA were bombarded and vandalized in Gaza.
Business

flynas flies over 11m passengers in 2023, up 28 percent from 2022

RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with...
  • The low-cost carrier has taken delivery of 19 new aircraft during 2023, upscaling fleet size to 64, a rise of over 35 percent.
  • flynas launched 57 new destinations and increased seat capacity by 22 percent for domestic and international flights in 2023.
Geostrategy

GCC makes pivotal strides in development, diplomacy

In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.
  • In 2023, the region including Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait, collectively advanced in technology and sustainable development, achieving global integration.
  • From Saudi Arabia's ambitious Al-Diriyah project to the UAE's leadership role in hosting COP28, each nation contributed uniquely to the region's dynamic presence on world stage.
Business

Saudi EXIM Bank ink $51bn deal with Turkish firms

Riyadh, Saudi Arabia - Saudi EXIM Bank signed line of credit agreements worth $51 million with Türkiye Finans Katılım Bankası...
  • The agreement is likely to help boost trade between the two countries and facilitate the flow of Saudi non-oil exports to the Turkish markets
  • The agreement with Türkiye Finans Katılım Bankası A.Ş values at $26 million, the one with Albaraka Türk Katilim Bankasi A.S. at $25 million

Abu Dhabi climbs global startup rankings on AI and tech growth

The emirate was ranked in the #41-50 category globally, improving from the #51-60 range a year earlier and marking one...
Business

Company News

Latest News

Bapco Energies declares force majeure on operations

Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday....
Geostrategy

GCC agriculture sectors post strong 2024 performance

Muscat, Oman -- Gulf Cooperation Council countries recorded strong performance in agriculture, livestock and fisheries during 2024, reflecting the growing...
Economy

Khalifa Education Award begins judging stage

Abu Dhabi, UAE — The General Secretariat of the Khalifa Award for Education, one of the institutions of the Zayed...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Dubai targets $87 trillion wealth pool as investors rethink portfolios

Dubai, UAE -- Dubai is positioning itself as a global hub for private wealth as high-net-worth individuals rethink where and...
  • Women, who account for more than one-tenth of ultra-high-net-worth individuals, are expected to receive 95 percent of an estimated $54 trillion in inter-spousal wealth transfers.
  • Henley & Partners estimates the United Arab Emirates attracted about 9,800 new millionaires in 2025 — most settling in Dubai.
Business

UAE launches first 7-year Islamic Treasury Sukuk worth $150 million

Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
  • The new tranche attracted strong demand amounting to approximately 3.1 billion dirhams, nearly six times the issuance size.
  • Total bids reached 5.88 billion dirhams, representing an oversubscription ratio of 5.3 times.
Geostrategy

No option but to continue resistance, says Hezbollah after deadly Israeli strikes

Mahmud Qamati, a Hezbollah official, described the strike in the Bekaa Valley as “a new massacre and a new aggression”...
  • Lebanon’s health ministry reported 12 people killed — 10 in the east and two in the south — while Hezbollah confirmed eight of the dead were its members.
  • Israel has continued strikes in Lebanon despite a November 2024 ceasefire intended to end more than a year of cross-border hostilities.