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.

DEWA files patent for energy liquid

The liquid enhances efficiency of energy storage systems.

Business

Agility posts Q2 earnings of $46m

Net profit was affected by higher interest rate.

Business
Economy

Qatar Tourism launches ‘Experience a World Beyond’

The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.
  • The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities
  • The three main characters that represent Qatar and its experiences are Shaheen, Maha, and Lulu
Economy

Qatar Ministry of Transport signs pact with Qatar Rail

Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the...
  • Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways
  • The agreement comes in the context of the efforts of the Ministry of Transport to provide an integrated, world-class, multimodal transit system
Economy

Saudi Ministry of Transport signs MoUs with its Omani Counterpart

The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his...
  • The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali
  • The MoU is geared to benefit from the unique geographical location of the two countries and achieve the objectives of the national strategy for transport and services
Business

Jazeera Airways posts $39m profit

The airline registered a net profit of KD 11.8 million in the Q3.
  • Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand
  • Jazeera chairman says that there will be growth in the network in near future
Arts & Culture

Saudi Arabia will launch world’s first ‘flying museum’

The Sky Museum will see a flight from Riyadh to Al-Ula, displaying ancient history on the first human civilization in...
  • Saudi Arabia is to launch first flying museum, where archaeological pieces will be showcased which were discovered in Al-Ula
  • Passengers will be able to watch Discovery Channel documentary The Architects of Ancient Arabia during the journey
Business

DFM to list 10 new firms

Dubai aims to increase its market volume to AED3trn.
  • The Dubai Financial Market has listed 10 government and state-owned companies
  • The announcements came during the first meeting of the Securities and Exchange Higher Committee

JNTO opens its first office in Dubai in bid to draw more GCC tourists

Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
  • Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
  • As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
Business

Dubai Economy, Golden Radiant help DED licensed traders to widen reach

Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...
  • Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
  • The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Business

BNET handpicks new CEO

Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member...
  • Mr. Ahmed Aldoseri held several notable positions in the past including Acting Director General of Information Security and Radio communications
  • Prior to his current position, he provided consultancy services to the Kingdom of Bahrain’s Government on Cybersecurity matters
Business

Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE

Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...
  • Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
  • The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE

DEWA files patent for energy liquid

The liquid enhances efficiency of energy storage systems.
Business

Company News

Latest News

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.
Business

Masdar, REW sign collaboration pact

The two firms will explore developing offshore wind projects.
Business

UAE takes part in financial group meeting in Indonesia

The UAE recently participated in the fifth International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

SAFEEN Feeders, Invictus sign deal

They will launch a new international dry bulk shipping service.
  • Under the terms of the agreement, the two companies will purchase ships through Special Purpose Vehicles, owned 85 percent  by SAFEEN Feeders and 15 percent by Invictus Investment.
  • The two companies are expected to initially commit approximately AED463 million (US$126 million) for the investment in the vessels.
Economy

‘Firms in UAE resist employee demands for hike in salary’

Several firms in the UAE have received requests from employees to adjust compensation packages in line with the inflation in...
  • Firms plan pay rises of 5 percent in 2023 as over 66 percent of companies receive requests for higher salaries.
  • Over 200 global and local companies from all sectors were surveyed.
Business

BNPL payments in UAE may reach US$17.5bn by 2028

A leading retailer in the UAE has said that over 15 percent of its customers have now shifted to 'Buy...
  • A number of people in the 24-45 age group prefer alternatives to credit cards for purchases.
  • As per the scheme, purchases can be split into four easy interest-free payments from the time of purchase.