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.

Agility posts Q2 earnings of $46m

Net profit was affected by higher interest rate.

Business

Al Hammadi H1 2023 net profit $43.5m

In Q2 2023, net profit jumped 25.7% to $21.8 million.

Business
Geostrategy

Saudi submits bid to host World Expo 2030 in Riyadh

Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...
  • Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
  • The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.
Business

Damac board okays Maple buy

Maple is wholly owned by Damac ex-chairman Hussain Sajwani.
  • Damac said its board of directors, other than Sofyan Al Khatib, had reviewed the expert advice on the deal
  • It had appointed KPMG as an independent valuer, Arqaam Securities LLC as financial advisor, and Al Tamimi & Company as its legal advisor
Geostrategy

Lebanon to get Jordan’s electricity via Syria by 2022

The process of supplying Lebanon with electricity is expected to begin in early 2022.
  • The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
  • Jordan will also supply 250 MW to Lebanon during the remaining periods
Science

Qatar plans to reduce 25% greenhouse emissions by 2030

The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...
  • The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
  • The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Geostrategy

Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong

Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest...
  • Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, as it jumped 23 ranks from last year.
  • The Holy city of Madinah has been also included on the index as the second Saudi city after Riyadh, ranking 73rd in the world and fourth in the Arab world.
Economy

Saudi Arabia, Spain agree to build sustainable tourism

Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh...
  • Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
  • Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism
Geostrategy

Kuwait stresses commitment to UN financial contributions

Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.
  • The remark was made by Member of Kuwait's Permanent Delegation at the UN, Abudlaziz Al-Ajmi.
  • He was speaking on Thursday, October 28, during a General Assembly debate on the UN’s financial position.
Business

Ras Al Khaimah set for healthy post-pandemic growth: S&P Global

The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.
  • S&P Global estimated RAK's economic growth at 3 percent in 2021, with the first half of the year showing a strong rebound from 2020
  • Real-estate transactions, mining volumes, cargo trade, and tourist arrivals are expected to be behind this growth
Business

Dubai saw $1.33bn real-estate transactions over the week

The Business Bay came on top in terms of volume and value, recording 155 transactions worth AED170 million ($46.29 million).
  • A total of 174 plots were sold for AED920.4 million ($250.51 million) this week
  • The week also saw 1,080 apartments and villas sold for AED2.18 billion ($590.60 million)
Business

GlobalFoundries makes its market debut on Nasdaq

The IPO comes at a time when demand for semiconductors and microchips is red hot due to the ongoing global...
  • Earning a valuation of $26 billion, the GlobalFoundries IPO is one of the biggest stock market debuts of the year in the US
  • The chipmaker had earlier announced the pricing of its initial public offering of 55,000,000 ordinary shares

Agility posts Q2 earnings of $46m

Net profit was affected by higher interest rate.
Business

Company News

Latest News

Gender bias in MENA workforce raises concerns

The latest study on Diversity, Equality and Inclusion sheds light on the diversity gap in the region while offering solutions.
Videos

UAE delegation attend meetings on sidelines of UNGA session

The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United...
Geostrategy

Sharjah Chambers discusses credit report, score for SMEs

The Sharjah Chamber of Commerce and Industry (SCCI) has hosted a webinar in cooperation with Al Etihad Credit Bureau (AECP)...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Freed Moroccan prisoner of war speaks of Ukraine struggle

A Moroccan prisoner of war released as part of an exchange between Moscow and Kyiv said he wanted to draw...
  • Saadoun was freed on Wednesday, one of 10 foreign prisoners of war - including five British and two American citizens.
  • He transferred to Saudi Arabia as part of the exchange between Moscow and Kyiv.
Geostrategy

UAE to provide Germany gas, diesel under ‘energy security’ deal

As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used...
  • The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again, Scholz said.
  • In Qatar, the last stop on his two-day Gulf tour, the chancellor said the emirate's rights record is improving.
Economy

Saudi launches five projects to produce electricity using renewable energy

Riyadh, Saudi Arabia--Saudi Arabia has launched five new projects to produce electricity using renewable energy, which is part of the...
  • Saudi Energy Procurement Company (the main buyer) launched the projects for competition.
  • These projects, with a total capacity of 3300 MW, include three projects to exploit wind energy and two projects to exploit solar energy.