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.

Iranian tankers leave blockade zone as US-Iran deal moves toward signing

Iranian crude exports resumed ahead of a planned US-Iran signing ceremony, even as disputes over Lebanon, shipping rules and implementation...

Geostrategy

Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents

Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...

Economy
Business

GCC unified tourist visa to be introduced within 2 years, says UAE minister

ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council...
  • The new visa will open doors to travelers, granting them access to six countries under a single, unified tourist visa.
  • The minister said the UAE is getting ready to welcome the new flow of international tourists with the new unified visa.
Economy

Solana Foundation joins DMCC Crypto Center as ecosystem partner

DUBAI, UAE: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has...
  • The partnership compliments DMCC’s existing offerings and collaborations by increasing its members’ ability to develop their concepts using Solana.
  • Through this collaboration, Solana will offer technical and business development support to DMCC Crypto Centre members.
Business

Container traffic rises 11.66 percent in September, says Mawani  

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) reported an 11.66 percent surge in container traffic across its trade...
  • Passenger traffic jumped 79.29 percent over the preceding year’s figure of 40,679 passengers to hit 72,934 passengers in 2023.
  • Mawani’s ports saw 11.83 percent additional vessels dock at its berths with a tally of 1,040 ships contrary to last year’s 930 ships.
Business

Flynas launches its new operations base at Madinah airport

Riyadh, Saudi Arabia: Flynas, the national airline and the leading low-cost carrier in the Middle East and the world, announced...
  • These additions will bring the total number of routes operated by flynas from Madinah to 11 so far.
  • The operations from our new operations base will start with two aircraft as a first stage,
Geostrategy

Impressive turnout on main day of UAE’s parliamentary polls

ABU DHABI, UAE - Emiratis are casting their votes on Saturday, the main day of the Federal National Council elections,...
  • Voting started at 8am and ended at 8pm, amid impressive turnout from members of electoral colleges to cast their votes.
  • The election was a landmark event in the country's history, as it saw the highest voter turnout in any previous election.
Economy

FAO raises its forecast for global cereal production in 2023

ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production...
  • The higher forecast is almost entirely based on recent and more positive yield estimates for the Russian Federation and Ukraine.
  • There will be increased wheat consumption while global rice utilization is forecast at 520.5 million tons.
Business

ADNOC awards two contracts for Hail and Ghasha Offshore Development project

ABU DHABI, UAE – ADNOC on Thursday announced the final investment decision (FID) and award of contracts for the Hail...
  • The first contract for the offshore facilities has been awarded to a joint venture between National Petroleum Construction Company and Saipem.
  • The second contract will deliver the onshore scope, including carbon dioxide and sulphur recovery and handling and has been awarded to Tecnimont.
Business

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.
  • iot squared is a joint entity between the Public Investment Fund (PIF) and STC Group and it provides leading IOT solutions in the logistics service field.
  • Najm for Insurance Services was set up in 2007 due to cooperation between insurance firms, Saudi Central Bank and the General Department of Traffic.
Business

SVC inks pact with IMPACT46

SVC is a government investment firm established in 2018.
  • IMPACT46's Fund III will invest in Saudi growth-stage companies and up to pre-IPO stage businesses.
  • The fund will allocate capital to seed-stage startups and promising startups from the broader Middle East region.
Geostrategy

1bn tons of food wasted every year while 783m people face hunger: FAO

Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...
  • The agencies said that stopping food loss and waste boosts food security, saves resources and helps reduce our carbon footprint.
  • Both the bodies called for urgent action from the public and private sector as well as consumers to save and preserve food

Iranian tankers leave blockade zone as US-Iran deal moves toward signing

Iranian crude exports resumed ahead of a planned US-Iran signing ceremony, even as disputes over Lebanon, shipping rules and implementation...
Geostrategy

Company News

Latest News

Embed AI in workflows so deep that it becomes invisible: Matt Cloke

Becoming AI-native starts with a shift in mindset. To harness its full potential, we need to see AI not as...
Opinion

Iran signals potential dilution of highly enriched uranium if sanctions are lifted

Iran and the US resumed indirect nuclear talks on Monday in Muscat under Omani mediation, marking the first round of...
Geostrategy

Iran says US talks in Oman a ‘good beginning’ as fears of military confrontation grow

The discussions took place in Muscat, with the US delegation led by special envoy Steve Witkoff and the Iranian side...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Governments must put creativity at the center of economic strategy: Report

Titled Creative Futures: The Springboard for Sustained Economic Growth and Diversification, the report argues that cultural and creative industries —...
  • The report finds that every dollar invested in creative industries generates approximately $2.50 in broader economic activity across sectors such as tourism and urban services.
  • It warns that countries slow to act risk becoming importers of creative content rather than exporters shaping global cultural markets.
Business

Qadi partners with Core42 to power sovereign AI compliance platform

Qadi, the Middle East’s first sovereign regulatory compliance platform, has partnered with Core42, a G42 company, to power its artificial...
  • Qadi’s AI agents automate regulatory compliance by translating local laws into workflows embedded directly within enterprise operations.
  • Core42’s sovereign cloud ensures sensitive legal data remains protected under UAE jurisdictional controls and enterprise-grade governance frameworks.
Geostrategy

G42 launches ‘digital embassies’ model to help governments deploy sovereign AI

Abu Dhabi-based artificial intelligence group G42 on Tuesday launched what it calls a Digital Embassies framework and an operating model...
  • It allows governments to deploy AI while retaining legal authority and control over data and systems, even when infrastructure is located outside national borders.
  • The initiative comes as governments seek to accelerate the use of AI in areas such as public services, healthcare, national security and energy.