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.

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

World’s longest diamond necklace set to break Guinness record at Sharjah show

Sharjah, UAE – Exhibitors at the 55th Watch and Jewelry Middle East Show, scheduled from May 28 to June 1,...

Business
Business

Emaar 9M revenue at US$5.1bn

Robust property sales helped firm enhance revenue.
  • Emaar said that EBITDA in 9M 2022 increased by 47 percent to US$ 2.3 billion
  • The property giant said net profit in 9M 2022 increased by 124 percent to US$ 1.6billion.
Business

ADNOC Drilling 9M net profit $568m

Onshore revenue for the period was $1.074 bn, up 25% YoY.
  • The third quarter revenue was $372 million, up 33 percent year-on-year.
  • Offshore revenue for the nine-month period was $431 million, broadly flat versus the prior year.
Business

UAE capital records real estate deals worth $5.72 billion in third quarter

Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion...
  • Department of Municipalities and Transport said the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.
  • Yas Island topped the list logging transactions worth AED 1 billion, while Al Saadiyat Island coming in second with transactions worth AED 929 million.
Geostrategy

UAE, Indonesian Presidents to enhance bilateral relations

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...
  • The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.
  • The two Presidents exchanged views on several regional and international issues of common concern.
Economy

Etihad Credit Insurance issues $1.71 bn in trade guarantees in nine months

Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of...
  • ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.
  • These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.
Business

TAQA posts 53% income rise

The income vaulted to $1.77bn in the first nine months of 2022.
  • The company also reported group revenues of $10.61 billion, 14% higher than the prior-year period
  • TAQA’s Board of Directors also declared an interim cash dividend of $184 million (0.60 fils per share)
Economy

Addressing climate change global responsibility

"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages...
  • Parliaments play a key role in enacting, legislating, or amending laws related to investment and the national transition to renewable energy sources
  • Facing the phenomenon of climate change is no longer confined to one country over another, but is a duty and shared responsibility that the entire world
Business

UAE to launch feature-rich, faster EmaraTax platform on Dec.5

Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to...
  • Migration to EmaraTax will begin from end of 30 Nov. and it will be available for use from 5 Dec.
  • EmaraTax significantly enhances taxpayer access to the FTA’s services, payment of taxes and obtaining refunds.
Science

Sustainable food cold chains reduce waste, fight climate change, says UN report

Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...
  • These systems are critical to maintaining the quality, nutritional value and safety of food.
  • An estimated 14 percent of all food produced for human consumption is lost before it even reaches consumers.
Videos

Post-Covid UAE real estate upswing to continue

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental...
  • In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.
  • The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.

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

Company News

ADNOC partners with BP, Masdar

Standard Chartered, flydubai sign deal

Alpha Dhabi to invest in Borouge IPO

Multiply to invest in Borouge IPO

Nayifat CEO resigns

Latest News

BCI’s subsidiary secures US$100m loan from SIDF

RIYADH, SAUDI ARABIA - Basic Chemical Industries Co.'s (BCI) subsidiary Chemical Marketing and Distribution Co. Ltd. secured a loan from the Saudi...
Business

UAE, Kazakhstan sign MoU to combat financial crimes

ASTANA, KAZAKHSTAN – UAE and the Republic of Kazakhstan signed an agreement to enhance bilateral cooperation in the combating of...
Geostrategy

NCSC seeks to regulate Jordan’s cybersecurity market

AMMAN, JORDAN - National Cyber Security Center (NCSC) seeks to regulate the Kingdom's cybersecurity market by outlining and endorsing the...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Tabreed gets US$163m Green Revolving Credit Facility

ABU DHABI, UAE -  Tabreed on Thursday announced the successful closure of its inaugural US$163 million (AED600 million) Green Revolving...
  • This financing agreement, spanning five years, aligns with Tabreed's overarching sustainability strategy.
  • The facility will introduce efficient cooling solutions, meeting the regional demand for sustainable innovative technologies.
Economy

Mawani gets 79.01 points in UNCTAD’s Liner Shipping Connectivity Index for Q4 2023

RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index...
  • This development aligns with the objectives of the National Transport and Logistics Strategy (NTLS).
  • This achievement adds to the recent major records, including a score of 77.66 during Q3.
Business

MBC IPO retail subscription begins

MBC Group runs a group of TV and radio channels.
  • The subscription process for the retail tranche of MBC Group will run for five days until December 18.
  • The Capital Market Authority approved, on November 21, the company's request to float 33.25 million shares in an IPO.