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.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Business

Red Sea Global opens Shura island with three world-class resorts accessible to all

Tabuk, Saudi Arabia - Red Sea Global announced the opening of the first resorts and attractions on Shura Island, which...

Economy
Business

Mawani, SGP ink US$266m pact

The aim is to establish multiple logistics zones in the Kingdom.
  • The objective is to establish logistics zones that will enhance efficiency of the sector, improve service quality and generate additional job opportunities.
  • This initiative is expected to strengthen the role of the logistics sector in supporting the national economy.
Geostrategy

Ground operation likely in Gaza Strip, says Israeli envoy to Russia

MOSCOW, RUSSIA - The probability that the Israel Defense Forces (IDF) will launch a ground operation against Palestinian group Hamas...
  • Israel announced a total blockade of the Gaza Strip.
  • Israeli forces have been bombarding the area.
Business

Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
  • The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.
  • British Airways announced that it will launch daily flights from London to Abu Dhabi next year.
Business

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
  • The issuance will be listed on the London Stock Exchange’s International Securities Market (ISM).
  • The sukuk issuance was more than seven times oversubscribed, with orders exceeding $25 billion,
Geostrategy

Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov

PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the...
  • According to the Russian foreign minister, the initiative is driven by the intention to de-escalate things and bring the situation back to normal.
  • He said that the Turkish initiative is rooted in the desire to ensure a balance of interests, rather than favoring one party.
Business

Saudi Metrology Organization, Enterprise Singapore ink MoU on standardization

RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing...
  • The pact encompasses cooperation and the exchange of best practices and experiences in metrology, calibration and safety of consumer products.
  • The MoU includes provisions for training, capacity building and collaboration in the development of infrastructure for standards and quality.
Geostrategy

Neighboring nations fear repercussions of Gaza conflict

As Israel advises around 1.1 million residents of northern Gaza Strip to evacuate, concerns grow about the potential ripple effects...
  • With Israel advising a significant portion of Gaza's population to evacuate, the potential repercussions on neighboring Lebanon, Jordan and Egypt are being gauged
  • As the situation unfolds amid the Middle Eastern conflict, the strategies and stances of key players, including Lebanese Hizbollah and Hamas, come to the forefront
Business

Emirati investments in Turkey reach $5.6 billion in 2022

ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
  • UAE currently stands as Turkey's 13th largest trade partner for exports and the 15th largest for imports.
  • From 2014 to 2022, the total foreign direct investment from Turkey to the UAE amounted to approximately $1.1 billion
Business

Modon inks 2 MoUs with Saudi Exports, Local Content Authority

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
  • The MoU with the development authority entails exchange of expertise in industrial cities management and provision of logistic services and solutions.
  • Modon’s MoU with LCGPA aims to achieve integration of local content in industrial cities, exchange experience and practices in institutional innovation.
Business

Archer to launch its all-electric air taxi service across UAE

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment...
  • ADIO plans to support Archer in establishing its first international headquarters and manufacturing facilities in the SAVI Cluster in Abu Dhabi.
  • Archer’s Center of Excellence will focus on developing and implementing next-generation aviation technologies.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.
Business

Company News

QGIRCO posts Q3 net profit of US$1.1m

Borouge Q3 profit $308m, paid $325m dividend in October

Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period

Emirates Islamic bank net profit for Jan-Sept period $285 million

First Abu Dhabi Bank Group net profit for nine months of 2022 $2.96 billion

Latest News

IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...
Economy

UAE non-oil foreign trade up by 14.6% in 2024 to reach $816bn

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching...
Business

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.
  • It acquired the 73.73% controlling interest after selling assets from Alpha Dhabi Hospitality Holding and Murban Energy Limited to NCTH in exchange for shares.
  • The deal Alpha Dhabi Holding’s investment in the domestic and international luxury hospitality sector and involves the transfer of four key hotel assets.
Business

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.
  • The contract is aimed at creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027, the company said.
  • Bluewaters Bay will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms, including penthouses.
World Economic Forum

Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria

Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
  • The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global challenges with innovative solutions tailored to national and regional needs.
  • Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed.