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.

Global economy set for “sturdy growth” in 2026, MENA growth to outpace global economy

The Middle East and North Africa region is expected to outperform the global economy in 2026, with GDP projected to...

Economy

Emirates orders 65 more Boeing 777X planes despite delays

Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite...

Business
Business

Hyundai Motor, Mubadala ink MoU

The two firms will seek to unlock investment opportunities.
  • The agreement between the two firms will allow both parties to jointly invest and share expertize.
  • Hyundai Motor and Mubadala will seek to unlock potential investment opportunities.
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.
COP28 UAE

World Bank to expand climate funding in MENA by $10 billion

Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
  • The funding supports both reducing net emissions and resilience projects, said Meskerem Brhane, the bank's Regional Director for Sustainable Development, MENA.
  • She added that by embracing green growth strategies, the region's GDP could potentially grow to over $13 trillion by 2050.
Business

UAE, Korean firms ink pact

The partnership will utilize low-cost indoor farming solution.
  • The facility will be co-located within livestock farms to localize animal feed in Al Ain, UAE.
  • The facility will be using 95 percent less water per kilogram versus traditional farming means.
Business

PM issues law forming Dubai Investment Fund to oversee government investments

DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...
  • The law endows the Fund with the financial and administrative independence to pursue its objectives along with the legal mandate to do so.
  • Dubai Investment Fund will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally.
Geostrategy

Russia, Saudi say sovereign Palestine state vital for regional peace

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
  • The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
  • Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.
Business

ENEC, X-energy sign agreement

The firms will collaborate on nuclear energy technologies.
  • The MoU was signed at COP28 and comes in line with ENEC’s recently announced ADVANCE Program.
  • The central aim of ENEC’s ADVANCE program is to harness the latest advancements in nuclear energy technologies.
Geostrategy

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
  • The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.
  • The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

Global economy set for “sturdy growth” in 2026, MENA growth to outpace global economy

The Middle East and North Africa region is expected to outperform the global economy in 2026, with GDP projected to...
Economy

Company News

GAL-AMMROC, GMF ink pacts

Americana IPO: UAE retail offer doubled

AD Ports acquires Noatum

EGA, ITOCHU sign agreement

Educational Holding net profit $20.3m

Latest News

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

With AI and more shade, Saudi Arabia set for a searing hajj

Riyadh, Saudi Arabia -- With artificial intelligence, more shade and misting machines, Saudi authorities are preparing to welcome more than...
Geostrategy

Dubai Airport tops air connectivity ranking for Asia-Pacific and Middle East

Dubai, UAE - Dubai International Airport (DXB) has once again secured the top spot in the Airports Council International’s (ACI)...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • The rigs are expected to commence operations around the end of 2Q 2025, delivering revenue in the second half of 2025 onwards.
  • This award further de-risks and reaffirms ADNOC Drilling’s current 2025 and medium-term guidance, the company said.
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,...
  • The piece incorporates more than 600 lab-grown diamonds, precisely set in 18-karat rose gold, representing a fusion of luxury aesthetics and cutting-edge production techniques.
  • The official Guinness assessment is set to take place on the first day of the 55th Watch and Jewelry Middle East Show.
Business

ADNOC’s listed companies post over $2.3 billion net profit in first quarter

Abu Dhabi, UAE -- ADNOC Group's publicly traded portfolio companies combined to deliver over $2.3 billion (AED8.4 billion) in first...
  • ADNOC Distribution delivered first quarter net profit of $174 million (AEDAED639 million), up 16 percent year-on-year.
  • Borouge reported strong Q1 2025 results with net profit of $281 million, driven by year-on-year increases of 10 percent for sales volumes and 7 percent for production volumes.