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.

Saudi Arabia, France vow to promote secure, affordable and sustainable energy

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...

Geostrategy

Ukraine ‘satisfied’ with Saudi-led mediation to end war

Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and...

Geostrategy
Business

Network International of UAE posts 19% jump in revenue

Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing...
  • Merchant solutions revenue was up by 38 percent, the company said in its Q3 2021 trading update
  • The company said that its entry into the Saudi Arabian Market was also on track, with the expectation of launching in the kingdom in early 2022
Business

Fertiglobe completes IPO on Abu Dhabi Securities Exchange

The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders...
  • Fertiglobe’s shares will begin trading at AED2.55, implying a market capitalisation for the Company of $5.8 billion
  • The company is the world's largest seaborne exporter of urea and ammonia and the largest nitrogen fertiliser producer in the MENA region
Science

Saudi Arabia joins space-based climate monitoring effort

The move comes barely days after the country announced during the Saudi Green Initiative forum that it aims to achieve...
  • Saudi Space Commission has signed the joint international statement on space monitoring of the climate
  • The signing took place at the headquarters of the Saudi pavilion at Expo 2020 Dubai
Geostrategy

Saudi Arabia and US call for end to Sudanese military coup

Taking a strong stance against the military coup in Sudan, Saudi Arabia and the US have condemned the overthrow of...
  • Saudi foreign minister Prince Faisal bin Farhan Al Saud and US secretary of state Antony J. Blinken reiterated their support to the aspirations of the Sudanese
  • The two top diplomats spoke today about the importance that all parties adhere to the framework laid out in the Constitutional Declaration and Juba Peace Agreement
Business

NEOM Tech and OneWeb team up for $200m high-speed satellite

NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite...
  • Both the companies will have exclusive rights to distribute OneWeb services in its target regions for seven years from the start of the satellite network
  • NEOM Tech & Digital Holding Co. and OneWeb expect to complete ground infrastructure in 2022
Geostrategy

Saudi Arabia supports Pakistan with $4.2bn lifeline

The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in...
  • The Saudi Fund for Development has announced that it will deposit $3 billion into the State Bank of Pakistan
  • Saudi Arabia will also finance the oil-derivatives trade with Pakistan with a total amount of $1.2 billion throughout the year
Business

Tunisia: Investment in services reach $252m in nine months of 2021

Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of...
  • The investments will be mobilized under 6,464 projects and will create 22,053 new jobs.
  • Services directed to the local market (96 percent of overall investment declarations) saw a 3.1 percent increase.
Business

Sharp recovery to see Middle East box office revenue cross $800m in 2021

Box office revenue in the Middle East made the fastest recovery in the world, from $250 million in 2020 to...
  • The revenue is expected to continue to rise, reaching $1 billion in 2022 and $1.3 billion in 2024, research has shown.
  • Only 261 of the 3,099 screens in the Middle East and Africa were closed due to the pandemic.
Business

IHC to acquire Arena for $98m

A consortium will hold the Arena shares in a 70:30 ratio.
  • Arena Events Group is a London Stock Exchange-listed events services business.
  • According to the terms offered, Arena shareholders will receive 21 pence in cash for each share.
Business

UAE economy resilient, overcame many global challenges: RAK Properties CEO

The UAE was among the first countries to return to normalcy after the pandemic and is currently hosting Expo 2020...
  • RAK Properties investments reach AED15 billion, engaged in several real estate sectors.
  • Expo 2020 will especially have a major impact on tourism and real estate sectors, Al Tair said.

Saudi Arabia, France vow to promote secure, affordable and sustainable energy

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
Geostrategy

Company News

Latest News

WETEX and Dubai Solar Show hosts 1,750 global companies

DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy...
Business

Iraq and Qatar look to boost cooperation in aviation sector

Iraq and Qatar are looking to enhance cooperation in the field of civil aviation, especially in technical, air transport, and...
Business

UAE, Russia review bilateral relations, strategic ties

The UAE foreign minister noted both the countries support each other to achieve sustainable economic growth and enhance the prosperity...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE delegation attends meetings on sidelines of UNGA session

The UAE delegation attended the fifth day of high-level meetings on the sidelines of the 77th Session of the United...
  • Khalifa Shaheen Al Marar, Minister of State, participated in a meeting organized by the US with the GCC and Egypt, Iraq, Jordan and Yemen.
  • Omar Saif Ghobash, Assistant Minister for Culture and Public Diplomacy, met Frederick Mitchell, Minister for Foreign Affairs of the Bahamas.
Economy

‘More efforts needed for net zero carbon emissions by 2050’

More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's...
  • Recent technology developments and policy actions suggest momentum is accelerating in some important regions and sectors to achieve net zero by 2050.
  • Initial estimates point to 2022 being a record year for renewable electricity capacity additions, with an increase of about 340 gigawatts.
Economy

Dubai emerges as a driving force for a green economy

Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the...
  • Dubai had launched an in-depth study that showed how the Emirate can achieve carbon neutrality (net zero emissions) by 2050.
  • The Dubai Net Zero Carbon Emissions Strategy 2050 aim to provide 100 percent energy from clean energy sources by 2050.