INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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

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...

COP28 UAE
Business

Dubai Expo draws to a scintillating close

Dubai ended Expo 2020 with a colorful closing ceremony punctuated by fireworks as the UAE leadership vows to 'continue to...
  • Six months after the delayed opening of the $7 billion, purpose-built site, Christina Aguilera, Nora Jones and cellist Yo-Yo Ma performed at the LCD-lit Al Wasl Dome
  • Expo, housed on a circular site twice the size of Monaco, has been a point of pride for Dubai's rulers and one of a number of projects aimed at grabbing world attention
Research

Soaring global urban tech market to benefit KSA: Mastercard report

The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from...
  • The paper has shone a spotlight on how Saudi Arabia’s e-government, tourism, healthcare, and transit sectors stand to benefit from the smart city revolution in the Kingdom
  • The paper highlights 5G, Wi-Fi 6, cloud computing, virtual reality and geospatial technology as focus areas for digital infrastructure to develop cities
Geostrategy

Mohamed bin Zayed, Zelensky discuss Ukraine crisis, negotiation progress

Zelensky expressed his thanks and appreciation to the UAE for being so welcoming to Ukrainian citizens.
  • Zelensky expressed his thanks and appreciation to the UAE for being so welcoming to Ukrainian citizens
  • Sheikh Mohamed stressed the importance of finding peaceful solutions through negotiation, dialogue and understanding
Economy

Unemployment rate in Saudi Arabia reduced to 11 percent in Q4 2021

The unemployment rate among Saudi citizens reduced to 11 percent in the fourth quarter of 2021. The General Authority for...
  • The unemployment rate fell by 0.3 percentage points (pp) from Q3/2021.
  • Also, it lowered by 1.6 pp when compared to a year ago in Q4/2020.
Business

German businesses urged to explore investment opportunities in Sharjah

The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within...
  • A German business delegation attended a forum organized by the Sharjah Chamber of Commerce and Industry.
  • Gulf Cooperation Council (GCC) countries are the seventh-largest export destination for German industry outside Europe.
Business

Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals

Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...
  • As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
  • The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.
Economy

Tunisia facing major structural challenges, weak growth, social inequity: IMF

Tunisia is facing major structural challenges that result in deep macroeconomic disequilibria, a weak growth in spite of its strong...
  • The impact of the pandemic and the war in Ukraine are now adding to these structural challenges, an IMF mission that visited the country said.
  • Initiatives aimed at enhancing competition and the business climate are also critical to unlock the country’s potential growth and job creation, IMF said.
Business

UAE’s first crypto exchange BitOasis gets provisional nod from VARA

BitOasis, a UAE-based Virtual Asset Service Provider (VASP), said on Wednesday it has received provisional approval from Dubai’s Virtual Assets...
  • In the meantime, the company said it will undertake the process of applying for a license in accordance with the VARA requirements.
  • To date, the company has transacted over $4bn in virtual asset transactions on its platform, with approximately  $1.7bn being transacted in 2021.
Business

$1.59 bn worth of deals signed on Day 3 of Global Entrepreneurship Conference

On the third day of the Global Entrepreneurship Congress (GEC) in Riyadh, SAR 6 billion ($1.59 bn) worth of agreements...
  • The Small and Medium Enterprises Financing Guarantee Program “Kafalah" signed a number of agreements with a number of ministries as well as public and private sector institutions.
  • Monsha'at) also signed various cooperation agreements and launched National Industrial Development and Logistics Program “Thousand Mile” Initiative.
Economy

‘Saudi Arabia spending on technology is globally the highest’

Digital Government Authority has launched the Digital Government Investment and Procurement Program (SADAF) initiative to accelerate digital procurement in government...
  • Digital Government Authority has launched the Digital Government Investment and Procurement Program (SADAF) initiative to accelerate digital procurement in government agencies
  • SADAF will be a gateway to digital investment for the public and private sectors, leading to a sustainable digital economy

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

Company News

Latest News

FIFA World Cup 2022: Third floating hotel arrives at Doha port

MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious...
Business

GCC, Bangladesh ink MoU to strengthen economic cooperation

The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.  
Economy

Blinken to visit Doha to launch US-Qatar Strategic Dialogue

Washington, US— US Secretary of State Antony Blinken will travel to Qatar on November 21 to launch the fifth annual...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

GCC renews commitment to strengthen ties with EU

Manama, Bahrain—The Gulf Cooperation Council (GCC) has stressed the importance of strengthening ties between the GCC and the European Union...
  • During the meeting, a number of issues of common interest were reviewed, and GCC-EU relations were reviewed
  • The file of free trade negotiations between the two sides was also reviewed, and the importance of inviting technical teams to review their developments
Geostrategy

Several MoUs give a boost to Saudi-Thai relations

The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as...
  • The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption
  • Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz and Thai Prime Minister General Prayuth Chan-ocha also discuss ways to develop bilateral ties
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