INSEAD Day 4 - 728x90

Samsung biggest chip investor

The techn 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.

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...

Business

Qatar Credit Bureau, Supreme Judicial Council to share data

DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to...

Geostrategy
Geostrategy

Iran enacts population law criticized by UN experts

The law renders reproductive screening optional, imposes restrictions on abortion and limits access to contraception
  • It also tasks public broadcasters with producing content that encourages women to have more children and denounces celibacy or abortion.
  • About 46.6 percent of Iran's population of 83 million is under 30 years old.
Business

Monshaat attends franchise forum to promote Saudi brands globally

Saudi Arabia's General Authority for Small and Medium Enterprises (Monshaat), represented by the Commercial Franchise Center (Emtiyaz), is participating at...
  • The two-day International Franchise Forum in Dubai will provide 10 Saudi brands opportunity for expansion.
  • Emtiyaz, which represents Monshaat, is tasked with supporting and empowering local brands.
Business

Sanad secures $100m loan from FAB

The revolving credit facility deal was signed during Dubai Airshow.
  • Sanad said its relationship with FAB is now 10 years old and the two companies have seen over $950 million worth of agreements.
  • The various financings have been extended in support of Sanad’s global spare engine leasing and component access portfolios.
Business

CBK plans $794 million bonds

The issue's maturity period is six months, with a return rate of 1.250 percent.
  • The issue's maturity period is six months, with a return rate of 1.250 percent
  • The CBK had issued bonds and tawarruq worth 160 million Kuwaiti Dinars at the beginning of this month, with a return rate of 1.125 percent for a six-month maturity
Business

Iraq to scale up oil exports to 3.4 million barrels a day in Q1 2022

Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of...
  • The minister was speaking at the the Defense University for Higher Military Studies, stressing the role of the oil and gas industry in supporting the national economy
  • "Oil sector companies are working on a planned strategy to develop oil fields, optimize gas investment and use modern technology in manufacturing and refining"
Business

Emirates to retrofit 105 aircraft with Premium Economy product from 2022

Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with...
  • The aircraft will be retrofitted at Emirates Engineering Centre in Dubai.
  • The airline is also considering installing a new Business Class product on its Boeing 777 aircraft, with customized seats in a 1-2-1 layout.
Business

Saudi Arabia stares at another round of inflation

The country’s inflation in the last quarter of this year, however, will be relatively stable, SAMA has pointed out. As...
  • Saudi Central Bank cites jumps in global inflation levels and a strengthening of domestic demand as contributors to the rise in consumer prices
  • On a quarterly basis, however, the country’s inflation in this year’s last quarter will be relatively stable, says SAMA
Business

Investment Group signs share swap contract with Elegancia

Investment Holding Group Q.P.S.C. has signed a share swap contract with the sellers of the shares of Elegancia Group LLC...
  • The contract, however, will not result in any legal effect until after obtaining the approval of the Qatar Financial Markets Authority
  • The company will follow and implement all laws and instructions issued by the Qatar Financial Markets Authority
Economy

New service to help start business in Saudi Arabia in three steps

For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and...
  • Investors and companies wanting to do business in the Kingdom will benefit from the new reforms
  • The ministry said there will be a broad marketing campaign to ensure that foreign investors and companies can benefit from the new service
Business

Dubai Airshow Day 2: UAE military inks $3bn deals

The deals were signed with one local company and four others from around the world.
  • The total number of deals in these two days have been 10 contracts with a total value of AED16.52 billion ($4.5 billion)
  • The deals of the first day amounted to AED5.24 billion ($1.43 billion), including one with Airbus Defense

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
Business

Company News

Latest News

IMF likely to open regional office in Saudi Arabia

IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
Economy

UAE and Italy to widen trade and economic ties

The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian...
Business

US Gecko Robotics set to establish international HQ in UAE

The Pittsburgh-based company is looking to establish a state-of-the-art manufacturing plant in Khalifa Industrial Zone Abu Dhabi.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arts & Culture

Cultural policy vital for diversified economy, says UAE Minister

UAE Ministry of Culture and Youth participated in the UNESCO World Conference on Cultural Policies and Sustainable Development – MONDIACULT...
  • UAE Minister of Culture and Youth Noura bint Mohammed Al Kaabi participated in a UNESCO world conference in Mexico via video conference.
  • A delegation headed by Salem Al Qasimi, Permanent Delegate of the UAE to UNESCO, was present on the occasion.
Business

UAE-China non-oil trade exceeds $470bn in past decade

Abu Dhabi, UAE - The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021,...
  • The trade increased by 78.5 percent from 2012 to 2021 to $60.85 billion by the end of 2021 compared to $34 billion in 2012.
  • FCSC also showed that the non-oil trade exchange between the two in the first half of 2022 totaled AED118.4 billion $32.24 billion.
Videos

Saudi growth in 2022 to outpace Asian giants

The kingdom recovered quickly from Covid-induced recession and is reaping the rewards of high global energy prices and increased energy...
  • The kingdom is set to be the fastest growing of the world’s largest economies in 2022, outpacing the Asian giants of China, India, Indonesia, South Korea and Taiwan.
  • It is expected to grow much faster than the struggling major economies in Western Europe and North America.