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.

Abu Dhabi Chamber inks MoU with Ethiopian Investment Commission

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry has signed a Memorandum of Understanding with the...

Business

International Military Forum Army-2023 opens in Moscow

MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent...

Geostrategy
Business

Saudi firms refinance SAR10bn real estate agreement

Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with...
  • The agreement aims to increase the liquidity in the home financing market in the Kingdom, reduce the cost of home financing for Saudi families
  • The agreement also supports REDF in enhancing its financial stability
Business

Middle East’s first lithium production facility to come up at KIZAD

The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...
  • The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
  • Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
Business

Emirates set for Boeing talks: CEO

The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show.
  • The airline has repeatedly complained about the delivery of the long-haul jet, whose launch has been set back by a series of safety and technical problems.
  • Emirates announced an order of 150 777Xs at the 2013 Dubai Air Show and later revised the deal.
Business

Abu Dhabi launches program to expand knowledge economy

In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi...
  • The program is being offered in the emirate by First Abu Dhabi Bank through a collaboration with Emirates Foundation and Icon Training & Coaching
  • It aims to further build the skills of Emirati talent in the financial sector and build capacity
Business

Brazil’s InvestSP joins Global Logistics Passport initiative

InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and...
  • Members of the Global Logistics Passport Initiative can expect an annual increase in trade of 5-10 percent
  • As merchants benefit from more efficient commodity movements, new trade routes are expected to be opened
Economy

No plan to reduce VAT any time soon, says Saudi minister

Saudi Arabia will not reduce value added tax any time soon, but will consider doing it when it public finances...
  • There will be no VAT cut anytime soon, he told the media, on the sidelines of the Group of Twenty (G20) meetings in Rome
  • Al-Jadaan expects the Kingdom's general budget to record a deficit at the end of this year
Business

Etisalat Q3 revenue up 2%

The aggregate subscriber base increases by 4 percent YoY.
  • Net profit amounts to AED 2.4 billion, an increase of 1 percent compared to the same period last year.
  • The company said that in the UAE, its subscriber base reached 12 million.
Arts & Culture

Dubai’s creative and cultural scene needs a wider reach: Sheikha Latifa

Dubai Culture shall have its own official social media channels for updates on the creative and cultural sector in the...
  • Dubai Culture and Arts Authority to own official social media channels for updates on the cultural sector.
  • Creative and cultural industries should be given more time and space in the media to raise awareness, said Sheikha Latifa.
Business

DEWA wins Guinness World Record for first 3D lab in world

Dubai Electricity and Water Authority (DEWA) has another accomplishment to its credit, achieving the Guinness World Records title for the...
  • The record was awarded for DEWA’s Robotics & Drone laboratory, housed within the Research & Development (R&D) Centre
  • Al Tayer emphasized that Dubai provides a motivational environment to encourage construction in 3D printing
Geostrategy

Arab Parliament hails Saudi Arabia’s role in Yemen

In a statement issued Monday, the Arab Parliament expressed its rejection of the statements of the Lebanese Minister of Information...
  • In a statement issued Monday, the Arab Parliament expressed its rejection of the statements of the Lebanese Minister of Information who had criticized Saudi role
  • The Parliament pointed out that the Kingdom is the country most eager to support the Yemeni people and end their suffering

Abu Dhabi Chamber inks MoU with Ethiopian Investment Commission

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry has signed a Memorandum of Understanding with the...
Business

Company News

Latest News

UAE’s mobile internet fastest in Arab world

According to the Digital Quality of Life Index by VPN provider Surfshark, Denmark has the best digital quality of life...
Infographics

SAFEEN Feeders, Invictus sign deal

They will launch a new international dry bulk shipping service.
Business

‘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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Saudi Arabia to set up five new renewable energy projects

The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use...
  • The projects, whose total capacity reaches 3,300 MW, includes three which will utilize wind energy and two which will use solar energy
  • The projects are part of the National Renewable Energy Program as part of Saudi Arabia’s target to reach the best energy mix
Business

Sure Global to list on Nomu

The Saudi tech firm has set the price at $19 per share.
  • The company has reached an agreement with its shareholders to allocate 1.284 million shares, representing 25 percent of its capital, to offer and sell in the market
  • It received approval from the Capital Market Authority on June 30 for its registration to trade on Nomu
Geostrategy

EU to support Iraq in boosting economic activity in five sectors

The European Union has shown interest to be part of the process of decentralization in Iraq and in this regard...
  • The European Union confirmed its endeavor to achieve the decentralization file in Iraq, while revealing a program that enhances the activity of 5 sectors
  • The EU officiaI said Iraq has lots of oil wealth, and on the other hand, people in all provinces were not provided with the service that should be provided by their provinces