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.

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...

Economy

Syria claims US responsible for military escalation in country

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the...

Geostrategy
Infographics

10 big companies that changed their names

It was nothing new when Facebook changed its name to Meta, and invited people to the Metaverse. TRENDS has curated...
  • While some have changed their names entirely, others have made only small alterations to the original names
  • They have achieved varying degrees of success by changing their names
Economy

Federal Tax Authority to implement new procedures for tax registrants

The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions.
  • The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions
  • The Authority will review the reconsideration request and issue a decision, giving its reasons within 40 business days
Geostrategy

UAE, UK to conduct exercise to toughen border controls against illicit finance

A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the...
  • A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold
  • Over a week, Dubai and Abu Dhabi-bound flights from the UK were subject to increased security to check if criminal groups were attempting to smuggle cash and gold from the UK
Business

Dubai increases ease of doing business by more than half

This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set...
  • The move is said to be part of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision to make the emirate economically attractive
  • The vision looks to achieve this by helping entrepreneurs set up and run businesses much more easily
Business

Etisalat Q3 revenues rise 2%

Its consolidated revenues in Q3 reached AED13.3bn ($3.62bn).
  • Consolidated net profit after Federal Royalty amounted to AED2.4 billion ($653.5 million), an increase of 1 percent
  • Consolidated EBITDA amounted to AED 6.7 billion ($1.82 billion), resulting in an EBITDA margin of 51 percent
Economy

Bahrain launches five-point plan to boost economy

The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by...
  • The multi-year plan is said to represent one of Bahrain’s largest economic reform programs
  • It apparently aims to enhance the economy’s long-term competitiveness and support the post-Covid-19 recovery
Arts & Culture

Exhibition of artist Hrair Sarkissian’s works opens

'The Other Side of Silence' is Sarkissian's first investigative exhibition that will run until Jan. 22, 2022. The works on...
  • Sharjah Art Foundation has organized the exhibition in collaboration with Galerie Bonnier Constellation in Stockholm and Bonnefanten Museum in Maastricht, Netherlands.
  • The exhibition examines the history of demise, the architecture of violence and possibilities of the photographic medium.
Business

Two Saudi defense firms sign contract to build SkyGuard UAV

Saudi Arabia's General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI) have signed a contract for the...
  • SkyGuard is the outcome of numerous R&D efforts and geared towards developing a 'truly local' product.
  • Saudi Arabia has set a target of spending 50 percent of expenditure on locally manufactured defense products and services by 2030.
Economy

Masdar City and ADRO facilitating Golden Visas for eligible persons

Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families...
  • The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
  • Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.
Business

EFI readies for secondary ADX listing

The listing is part of the company's expansion plan.
  • The company looks to strengthen its role as a partner in the UAE’s food security agenda, says the CEO.
  • EFI is currently in the final stages of completing a state-of-the-art dairy factory in Al Ain.

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
Economy

Company News

Latest News

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...
Business

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...
Economy

Sure Global to list on Nomu

The Saudi tech firm has set the price at $19 per share.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Germany vows to protect its SMEs from energy crisis

The German economy, like the economy of the vast majority of European countries, faces major challenges due to the Russian...
  • Habeck said that the German government should not leave small and medium-sized companies to face the risk of recession alone
  • The German minister seeks to include about one million small and medium-sized companies under the protectionist umbrella
Economy

Egypt’s gas export revenues up 13-fold in 8 years

Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022.
  • Egypt’s natural gas and liquified natural gas (LNG) export revenues reached $8 billion in the fiscal year 2021-2022
  • Egypt has quadrupled its exports of LNG and natural gas over the past eight years from 1.9 million tonnes to 7.2 million tonnes
Geostrategy

Global Islamic Refugee Fund launched, seeks to raise $400m

The funds are scheduled to be deposited in a trust account to finance programs as per the needs of refugees...
  • The fund consists of an endowment account and a non-endowment account, to receive and invest donations per the principles of Islamic finance.
  • Islamic Solidarity Fund for Development contributed $50 million to endowment account, and UNHCR contributed $50 million to non-endowment account.