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 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

Forbes lists Emirates Auction CEO among top CMOs

Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...

Business
Business

Iran’s non-oil exports reach US$19.3bn in March to July 2023

TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
  • Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
  • In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.
Geostrategy

Global Islamic microfinance surpasses US$60bn, says industry professional

DUBAI, UAE - The global Islamic microfinance industry has surpassed US$60 billion in value within the $3.8 trillion Islamic finance...
  • Despite ongoing efforts and UN Millennium Goals, global poverty eradication remains an unfinished task.
  • There is a growing recognition of Islamic microfinance as a important tool for poverty alleviation globally.
Geostrategy

Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
  • Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
  • The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.
Economy

Jordan oil bill falls in H1 2023 compared to H1 2022, says government

AMMAN, JORDAN  - The value of the Kingdom's oil bill decreased during the first half of 2023 by 15.6 percent,...
  • The value of Jordan’s imports of crude oil, its derivatives and mineral oils went down in the first half of 2023, to reach about JD1.531 billion.
  • In the first half of 2022, the value of imports of crude oil, its derivatives and mineral oils was about JD1.813 billion.
Geostrategy

Russian foreign minister to lead delegation at UN General Assembly

MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...
  • In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.
  • The 78th session of the United Nations General Assembly will begin in New York on September 19.
Business

ACWA Power is preferred bidder for DEWA’s Hassyan Seawater Reverse Osmosis plant

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer said on Wednesday...
  • This project is the largest of its kind in the world for water production based on Sea Water Reverse Osmosis technology using solar energy.
  • The water desalination capacity in Dubai is currently 490 MIGD and this capacity will increase to 670 MIGD in 2026 with the completion of this project.
Business

4.4m travel by SAR in H1 2023

Train trips in H1 2023 rose 46 percent compared to H1 2022.
  • The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
  • The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.

Ceer and Siemens deal to boost EV in Saudi Arabia

Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design...
  • The Saudi-German collaboration is focused on accelerating Ceer’s digital transformation, vehicle development, and manufacturing
  • Siemens Xcelerator portfolio of industry software for vehicle design will be used by Ceer
Business

UAE witnesses record 2.4m tourists in first six months of 2023

Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a...
  • The emirate’s hotel establishments generated revenues exceeding AED3 billion during the same period, a 26 percent growth compared to last year.
  • The hotels also recorded an average occupancy rate of 70 percent, with the average stay in the emirate's hotels being 2.7 nights.
Business

EIH buys stake in Gewan Holding

Acquisition aims to diversify and expand into several sectors.
  • EIH has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 30 companies across various sectors.
  • Gewan is a diversified holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism.

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

Company News

Latest News

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...
Geostrategy

AI promise uneven as economists flag debt and market vulnerabilities

In its latest Chief Economists’ Outlook, the WEF said 53 percent of surveyed economists expect global economic conditions to weaken...
Economy

Deloitte unveils Middle East Center of Excellence for Oracle AI agents

Dubai, UAE - Deloitte Middle East has announced the launch of its Middle East Centre of Excellence for Oracle AI...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Property Finder invests in digital real estate investment platform Stake

Dubai, UAE -- Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, a fast-growing digital...
  • Stake enables users to invest in fractional property ownership and private real estate funds starting from as little as AED 500.
  • Property Finder said the deal demonstrates its belief in Stake and its vision to reshape how the next generation engages with real estate as an asset class.
Business

GITEX GLOBAL Day 4: Security in a world driven by AI and data takes center stage

Dubai, UAE-- On the day 4 of GITEX GLOBAL 2025, policymakers, cybersecurity leaders, and innovators convened to address the most...
  • As digital transformation accelerates, speakers called for a unified global response that firmly plants security, ethics, and trust at the core of AI-driven progress.
  • The 45th edition of GITEX GLOBAL converges more than 6,800 exhibitors, 2,000 startups, 1,200 investors, and delegations from over 180 countries.
Business

AI, robotics, energy systems, sensor networks: Four technologies driving the future of work

The report, Jobs of Tomorrow: Technology and the Future of the World's Largest Workforces, developed by the WEF's Global Future Council on...
  • Realizing the vast opportunities while minimizing risks will require targeted investment, improved technology access in developing markets and inclusive platform design
  • Applications already making an impact include drone-enabled agricultural harvesting, AI-powered logistics support for small businesses and micro-energy systems