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.

Soniqs wins PUBG Global Series 2 Crown

It claimed $600,000 prize at Gamers8 - The Land of Heroes.

Business

Caspian Sea water levels hit 30-year low

Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24 percent, as the northern half...

Geostrategy
Business

DCT Abu Dhabi, Hub71 partner to advance tourism, culture through startups

Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will...
  • DCT Abu Dhabi will fund the Proof Of Concepts (POCs) of the startups identified for future work.
  • Hub71 will provide DCT Abu Dhabi with access to a broad pipeline of startups, regionally and globally.
Science

Ten global firms launch the Alliance for Clean Air

The first global corporate effort to tackle air pollution was launched today, named the Alliance for Clean Air, bringing together...
  • Ten companies are committing to measuring their air pollution footprint and creating clear, actionable plans to help deliver clean air
  •  In 2019, it was the fourth leading risk factor for early death worldwide, surpassed only by high blood pressure, tobacco use and poor diet
Business

Al Seer Marine net profit $666m

The net profit for the first nine months of 2020 was AED 25.40m.
  • The increase in net profit was driven by a rise in income from investments and recent acquisitions.
  • The company has acquired Very Large Gas Carriers for transport of LPG through its partnership with BGN International.
Geostrategy

UK pledges $68 million for Middle East North Africa green transition

LONDON: The United Kingdom will provide $68 million in funding to help the Middle East and North African countries' energy...
  • Britain's Minister for the MENA region James Cleverly announced the funding at the COP26 in Glasgow.
  • The funding will go toward the High Impact Partnership on Climate Action, which was launched at the event.
Economy

Dubai SME extends AED75.6 million in financial facilities to Global Village

The 25 kiosks were allocated for startups in the food and beverage (F&B) sector, chiefly restaurants and cafes, wholly owned...
  • Under the agreement, 25 kiosks have been allocated for Emiratis within Global Village to launch and grow their business
  • Dubai SME, through its online registration portal, received more than 200 applications for Global Village
Business

Three agreements signed in Dubai for self-driving solutions

The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.
  • The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots
  • Majid Al Futtaim and Yandex have partnered to explore the independent technology solutions to enhance the scope of the last-mile delivery of Carrefour orders
Business

Airports grouping ACI Asia Pacific calls for reopening borders

70% passenger loss is forecast for the Middle East which is reeling under lockdowns, travel, and quarantine restrictions and 56%...
  • 70% passenger loss is forecast for the Middle East which is reeling under lockdowns, travel, and quarantine restrictions and 56% for the Middle East
  • Airport revenues are predicted to decline by US$ 34 billion in Asia-Pacific and US$11 billion in the Middle East by the end of 2021
Business

Facebook says will shut down facial recognition system

Face recognition technology could compromise privacy, target marginalized groups, and normalize intrusive surveillance, according to critics.
  • Face recognition technology could compromise privacy, target marginalized groups, and normalize intrusive surveillance, according to critics
  • The news also comes as Facebook has been under intense scrutiny from regulators and lawmakers due to its platform abuses and user safety
Economy

UAE accounts for 40% of Netherlands’ exports to GCC: Dutch minister

Tom de Bruijn’s comments came during a business forum hosted in Dubai as part of a high-level trade mission to...
  • The forum was organised by the Consulate General of the Netherlands in Dubai in cooperation with Dubai Chamber
  • The UAE’s non-oil trade with the Netherlands has reached about $3 billion in 2020
Business

Zain to solidify 5G networks

Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.
  • The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.
  • Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.

Soniqs wins PUBG Global Series 2 Crown

It claimed $600,000 prize at Gamers8 - The Land of Heroes.
Business

Company News

Latest News

Villas and apartments worth $270 million sold in Dubai

Dubai, UAE--Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department. These...
Business

Eman Al Shamsi is first Arab, Emirati member of WLPO steering committee

The WLPO network, part of the International Society of Pediatric Oncology (SIOP), promotes female leadership in pediatric oncology.
Science

UAE’s top banks post 10% profit jump in H1 of 2022

Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Qatar Airways, British Airways expand partnership, form largest airline

The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden.
  • The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden
  • Customers will now benefit from even greater choices in prices and schedules with options for direct flights as well as connections via hubs in London and Doha
Economy

UAE to relax COVID-19 restrictions from Sept. 28

The UAE will be relaxing COVID-19 restrictions nationwide which will come into effect starting September 28. Dr. Saif Al Dhaheri,...
  • Official websites of the Ministry of Health and Prevention, the Federal Competitiveness and Statistics Centre and NCEMA will continue to issue updated data.
  • COVID-19 daily cases announcement will be discontinued.
Business

UAE-Oman non-oil trade $98.56 billion in past decade

The volume of trade exchange between the two countries during the first half of this year amounted to AED24.2 billion.
  • Trade between the two recorded a growth of 98.9 percent to reach AED46.5 billion by 2021 end, compared to AED23.4 by 2012 end.
  • It said non-oil exports accounted for 33 percent of the total non-oil trade during the past ten years, recording a value of AED120 billion.