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.

Sharjah records 361 percent growth in capital investment in H1

Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...

Business

UAE continues to attract major global companies for new headquarters

Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....

Business
Business

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...
  • The collaboration focuses on initiating trade missions and investment forums to help Indian businesses understand what RAKEZ offers.
  • The agreement promises customized business services for Indian companies that are tailored to their aspiration of expanding into the MENA region.
Business

EIH acquires stake in 9Yards Comm

The acquisition aims to broaden EIH's investment portfolio.
  • EIH has cultivated a diversified, innovative and sustainable investment portfolio comprising over 40 successful companies across various sectors.
  • 9Yards Communications has a broad client portfolio encompassing government entities and private organizations both domestically and internationally.
Business

UAE looks to deepening trade relations with ASEAN bloc

Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led the UAE delegation to Jakarta, Indonesia, the...
  • Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led the UAE delegation to Jakarta, Indonesia, the host of ASEAN Business and Investment Summit.
  • UAE and Indonesia agreed to work in unison to ensure they deliver on the projection of US$10 billion in bilateral non-oil trade within five years.
Business

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
  • Several studies by specialised global institutions indicate that the global space sector will be worth over US$1 trillion in the next few years.
  • The space economy grew 8 percent in 2022, with its value totalling US$546 billion, and is projected to grow by 41 percent in the next five years.
Business

Iraqi Trade Center to be launched at ACC’s headquarters in Jordan

AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at...
  • The center's inauguration will allow Jordanian and foreign businesspeople to view investment opportunities offered by the Iraqi government.
  • The center will provide Jordanian companies with the opportunity to learn about Iraqi industries and agricultural products.
Geostrategy

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...
  • The primary objective of this cooperation is to regularize the electronic connection between the bureau and SJC.
  • SJC will supply the bureau with the outcomes of the rulings related to its work in quest of achieving data accuracy.
Geostrategy

BRICS, SCO membership to reduce West’s sanctions effect, says Iran

"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...
  • The Iranian president noted that Iran’s economic potential will help bolster the position of both organizations on the international stage
  • "The effect is reciprocal because all the participants of these unions, including ourselves, will benefit from Iran’s membership," he explained
Business

Iranian company SAIPA to export cars to Russia

TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...
  • SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.
  • Exports can start within a month and after the required permits are issued by Russian authorities.
Business

ICIEC, SAPICO ink pact

Pact to enhance commercial activities between the two.
  • The ICIEC is a member of the Islamic Development Bank (IsDB) Group and a leading Shariah-compliant multilateral insurer.
  • This partnership aligns with both parties' shared vision of fostering international trade and economic development.
Geostrategy

French President says change in existing world order would weaken West, Europe

PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.

Sharjah records 361 percent growth in capital investment in H1

Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
Business

Company News

Aramex acquires eCommerce enabler MyUS

Sipchem posts jump in profit

Aramco to build fabrication yards

QIB’s profit shoots up 13%

ADQ submits shareholding offer to ADA

Latest News

OPEC lowers 2024 oil demand forecast, citing robust non-OECD activity

According to the organization's October report, the total world oil demand is anticipated to reach 105.6 mb/d in 4Q-24, to...
Business

Sub-Saharan Africa: Nigeria takes #2 spot in global crypto adoption

Sub-Saharan Africa accounts for the global cryptocurrency economy’s smallest share, representing 2.7% of transaction volume worldwide between July 2023 and...
Economy

North Korea shows first photos of banned uranium enrichment site

North Korea for the first time showed images of the centrifuges that produce fuel for its nuclear bombs on Friday,...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Central & Southern Asia and Oceania region leads the world in cryptocurrency adoption

The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...
  • This year, crypto activity increased across countries of all income brackets
  • Central & Southern Asia and Oceania accounted for over $750 billion in crypto asset inflows
Business

UAE banking sector assets exceed $1.16 trillion by the end of June

Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) revealed that total banking assets, including bank acceptance certificates,...
  • The assents registered a month-on-month increase of 0.5 percent, compared to AED 4.28 trillion in May 2024.
  • The total foreign assets of the Central Bank of the UAE exceeded the AED 770 billion barrier at the end of June, for the first time in its history.
Economy

How Pakistan is becoming a top tech hub in the GCC

Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent,...
  • While Pakistan has been declared the "Tech Destination of the Year" at GITEX GLOBAL 2024, one of the key players driving this growth is the Pakistan Software Houses Association
  • Across the GCC, Pakistani companies provide cybersecurity and AI driven solutions across various sectors, including banking and fintech industries