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.

Iran says European countries willing to buy our drones

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...

Geostrategy

RAKEZ witnesses 35 percent growth in holding company registrations

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding...

Business
Business

AlUla will become top tourist destination: French ambassador

Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...
  • He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
  • The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
Business

AD Ports subsidiary forays into construction logistics market

MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by...
  • The acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles
  • The new tipper fleet will be fully equipped with pre-installed fleet management systems
Business

Emaar Malls Q3 net profit $122m

The profit is 86 percent more than that of Q3 2020.
  • The revenue rose to 1.14 billion dirhams from 839 million dirhams in the same period last year.
  • Occupancy at key assets of Emaar was 91 percent during the quarter.
Business

Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening...
  • It will launch the outlets in Riyadh and Alkhobar
  • The design for Riyadh is now complete and the contract is expected to be awarded soon
Business

Q3 real estate transactions worth $1.55 billion recorded in Sharjah

Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...
  • A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
  • About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Expo 2020 DUBAI

Expo 2020 receives 3m visits in first five weeks

It has just been a little more than a month and Expo 2020 has received some three million visits, since...
  • Organizers also said that the number of virtual visits to the Expo 2020 Dubai’s online platform has reached 14.8 million since October 1
  • Ticket sales for the fair have been beefed up to increase traffic to the fair
Business

Fertiglobe revenues up 175 percent in Q3

The company expects the strong showing to continue in Q4.
  • The adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020.
  • Fertiglobe will join ADNOC and ADQ as a partner in a new world-scale 1 million metric tons per annum blue ammonia project at TA’ZIZ in Ruwais.
Business

Non-Saudis can now invest in real estate funds in two holy cities

The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in...
  • The ownership system for non-Saudis in the Kingdom stipulates that non-Saudis are allowed to own real estate for their own residence
  • It can happen after obtaining a license from the Ministry of Interior, and for foreign representations to own their official headquarters
Business

Etihad Rail completes construction of UAE network’s first marine bridge

Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...
  • The bridge will play an important role in improving the transportation of goods in the region.
  • Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Business

Investcorp builds €1bn European real estate portfolio

Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across...
  • Since launching its European realty business in 2017, Investcorp has invested €1 billion into 80 properties across the UK, Germany, The Netherlands, and Belgium
  • The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, etc

Iran says European countries willing to buy our drones

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...
Geostrategy

Company News

Latest News

Dubai fifth globally in UN digital city governance survey 2022

Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...
Geostrategy

DMCC holds events in Miami and New York to attract US companies

Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...
Business

UAE to develop international maritime network

The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

UAE economy achieves pre-pandemic level growth: WB regional director

Abousleiman said the UAE led the world with a successful vaccination programme in 2021, as well as its monetary and...
  • Abousleiman said the UAE led the world with a successful vaccination programme in 2021, as well as its monetary and fiscal stimulus packages
  • He added that the GCC region is projected to expand by 5.9 percent in 2022 before moderating to 3.7 percent and 3.3 percent in 2023 and 2024, respectively
Geostrategy

UAE, Japan sign comprehensive strategic partnership pact

Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
  • The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
  • The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Business

Abu Dhabi Exchange, MSX sign cooperation agreement

Abu Dhabi, UAE---The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) signed a memorandum of understanding (MOU)...
  • The two sides will cooperate in a number of areas, including advisory services, training, development of systems, and promotion of integration.
  • It also provides a channel of direct communication between the two parties, for the exchange of legal and technical information, sustainability and ESG.