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.

From Iran Talks to Dubai Metro: Key Middle East Developments You Need to Know on June 10, 2025

Key developments across the Middle East today highlight regional diplomatic, economic and humanitarian trends

Economy

Cross-border deals fuel M&A surge in MENA region in Q1 2025

 Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a remarkable surge in...

Business
Business

Qatar eyes investments ahead of FIFA World Cup

"We seek to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to...
  • The Qatar Free Zones Authority is intensifying cooperation with all concerned agencies in the country to make the FIFA World Cup Qatar 2022 a success, says official
  • Qatar seeks to boost long-term partnerships between local and foreign investors to enhance added values and boost the economic diversification objectives, he adds
Science

Indonesian Govt, 3 organizations to protect marine environment

ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and...
  • The project recognizes the importance of mapping of marine resources through advanced technologies to protect and preserve the ocean environment.
  • The project intends to provide marine genomics applications by G42 Healthcare in support of OceanX’s social welfare mission.
Business

Americana IPO: UAE retail offer doubled

Saudi retail tranche remains unchanged at 10 percent.
  • The company plans to plans to sell a 30 percent stake in the IPO remains unchanged. It will list both on ADX and Saudi Arabia’s Tadawaul likely on or around Dec.6.
  • The company is selling more than 2.52 billion of its existing shares in the IPO, which expected to run until 21 Nov. for retail investors in the UAE and Saudi Arabia.
Business

AD Ports acquires Noatum

The ports operator paid $680 million for the deal.
  • AD Ports said that Noatum has a presence in 26 countries and LTM revenue and EBITDA of AED6.91 billion and AED555 million, respectively.
  • The acquisition will be fully funded through a new acquisition loan, AD Ports said. Subject to regulatory approvals, the transaction is expected to close in H1 2023.
Geostrategy

ADFD takes part in foreign investors meet in Uzbekistan

ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of...
  • The discussions focused on fostering economic development in Uzbekistan by facilitating investment in various fields.
  • Many development institutions and international financial organizations participated in the conference.
Business

EGA, ITOCHU sign agreement

They would set up UAE's largest aluminum recycling facility.
  • EGA's relationship with ITOCHU stretches back to the 1980s, with the Japanese company marketing the UAE company's metal in Japan.
  • The two companies will work in the development of new aluminum alloys with third parties for niche applications.
Business

Private school operator Taaleem’s IPO oversubscribed 18 times

Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of  its Initial Public Offering...
  • Taaleem Friday said it has set the price of  its Initial Public Offering (IPO) at AED3 per share ($0.8168).
  • Raising AED750 million, the IPO drew total gross demand of more than AED13.7 billion.
Geostrategy

UAE Minister discusses economic ties with Caribbean countries

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...
  • The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean region.
  • The UAE minister met several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation.
Business

Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance

Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.
  • Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital
  • The brokerage service was earlier provided through its subsidiary Dubai Islamic Financial Services
Economy

Qatar issues licenses to 3500 holiday homes to house World Cup visitors

Qatar faces the challenge to accommodate 1.2 million fans expected to attend the FIFA World Cup.
  • Qatar faces the challenge to accommodate 1.2 million fans expected to attend the FIFA World Cup
  • More than 160 round-trip flights are scheduled daily from neighbouring Gulf countries to allow them to accommodate supporters

From Iran Talks to Dubai Metro: Key Middle East Developments You Need to Know on June 10, 2025

Key developments across the Middle East today highlight regional diplomatic, economic and humanitarian trends
Economy

Company News

ADU Holding rebranded NEMA

EQT X, Mubadala to buy Envirotainer

Multiply added to FTSE GEIS

OIFL to pay GMTN interest

PIF, Capital Bank Group sign pact

Latest News

Egypt leads Arab world in population with 113m citizens

DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest...
Geostrategy

Sharjah Consultative Council okays emirate’s draft budget 2024

Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the...
Business

IsDB, SWCC sign agreement

The collaboration will involve efforts from both parties.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact

MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...
  • Beni Mellal Chamber of Commerce, Industry and Services delegation head said that Saudi Arabia is Morocco's largest trading partner.
  • In 2022, the volume of Saudi Arabian exports reached US$4.6 billion, while the value of imports was US$87 million.
Geostrategy

UN General Assembly approves US$3.59bn budget for 2024

NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
  • The UNGA approved around US$50 million as an additional funding for UN Human Rights Council.
  • UNGA revealed that it established a multiannual private account for peacemaking and it is used for funding UNPBF.
Economy

ADDED, Siemens Energy to support sustainable industrial development in Emirate

ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
  • The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in the region.
  • Siemens Energy will support IDB to localize the manufacturing capabilities in Abu Dhabi and provide technological solutions.