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.

Brazilian-Saudi Investment Forum witnesses inking of 25 MoUs

SAO PAULO, BRAZIL - The Ministry of Investment organized here the Brazilian-Saudi Investment Forum, which saw the signing of many...

Business

UAE finance ministry unveils new corporate taxation rules

ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...

Geostrategy
Business

Mobily signs recycling deal

Mobily will recycle old and discarded Ericsson devices.
  • Mobily is now expected to join the Ericsson Product Take-Back Program to recycle discarded electronic devices
  • The program is responsible for the disposal and recycling of electrical equipment at the end-of-life stage
Business

Marjan lands $272m RAK project

Dubai Investments and Marjan have tied up for the project.
  • The project’s design is reportedly set to offer a private enclave with waterfront views
  • It is targeted at social gatherings, family unions, business meetings, or personal relaxation
Geostrategy

UAE, Bahrain, Qatar among top 10 expat destinations in the world

Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71...
  • Switzerland, New Zealand and Spain top three destinations followed by Australia, Cyprus, Portugal, Ireland, France and Netherland.
  • 65 percent of expats feel optimistic about the year ahead and 75 percent were optimistic 'normality' will return.
Business

UAE makes up 88% of GCC investment in Sub-Sahara Africa

Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...
  • Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors
  • Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022
Business

Saudi Arabia, UK discuss education cooperation

The two countries discussed ways of enhancing educational, academic, and research cooperation.
  • Saudi Arabia and the UK talked about sharing the best practices and expertise in education
  • The meeting also addressed their efforts in fields of cooperation in public education, developing curricula, and the courses system for secondary education
Business

Start-ups at in5 secure investments worth AED1.4 billion

More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to...
  • Start-ups that successfully secured significant investments include buy-now-pay-later start-up tabby
  • Sunglasses e-commerce company Eyewa, has secured AED 77 million in total funding
Business

Jafza and Al Masraf to help SMEs simplify financial processes

DP World said the agreement with Al Masraf strengthens its commitment to facilitate business activities of more than 8700 clients...
  • SMEs and other licensed entities within the free zone will get assistance in account opening and financial documentation.
  • More than 53 percent of UAE's non-oil GDP is contributed by SMEs, according to Ahmad Al Haddad, COO of Parks and Zones of DP World UAE.
Business

Dubai Customs launches smart lockers for passengers to store valuable cargo

On the inaugural day of GITEX Technology Week 2021, Dubai Customs launched I-Box smart lockers for storing commercial items or...
  • Passengers can store goods in lockers at airport customs center without paying duty and collect them through self-clearance service on departure.
  • The I-Box smart lockers project has cut down the process time for delivery from 30 minutes to 1 minute.
Business

Ministry of industry briefs 11 French startups about UAE business scene

As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by...
  • The French firms, which work in the field of technology, infrastructure and services, are members of La French Fab Booster Middle East program.
  • ADNOC, the Ministry of Economy, the Emirates Development Bank, Middle East Venture Partners (MEVP), DP World, Masdar, DEWA participate in the event.
Business

Oil-waste fire in Dubai under control

Dubai Civil Defense on Monday, October 18 brought under control a fire that had broken out at an oil waste...
  • Official sources said the oil waste disposal site was located far away from factories in the Jebel Ali Industrial area
  • This could have been one of the factors why no loss of life or injury was reported due to the fire

Brazilian-Saudi Investment Forum witnesses inking of 25 MoUs

SAO PAULO, BRAZIL - The Ministry of Investment organized here the Brazilian-Saudi Investment Forum, which saw the signing of many...
Business

Company News

Latest News

ENOC Group announces 50% Emiratisation during Careers UAE 2022

The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.
Business

TAQA secures $1.09 bn funding to finance Mirfa power plant’s debt

Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa...
Business

Dubai first half dhow trade up 21 percent: PCF Corporation

Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 6,000 wooden dhows during H1, reflecting...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

Saudi Tourism Authority organizes promotional tour in GCC countries

The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and...
  • The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and regional markets
  • Earlier, Saudi Arabia passed a new tourism law which is expected to accelerate the development of an internationally competitive tourism sector
Business

Wizz to set up fleet in KSA

It aims to set up a fleet of 50 aircraft in the kingdom.
  • More than a quarter of the flights in the unit will be domestic, with about 50 percent focusing on the wider Middle East and the rest primarily on Europe
  • The company plans to start its services to Saudi Arabia next week, starting with flights to the Gulf city of Dammam from Rome, Vienna and Abu Dhabi
Geostrategy

We are helping Lebanon to deal with economic challenges: Blinken

The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues.
  • The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues
  • Prime minister Mikati thanked Blinken for his support and the opportunity to talk about Lebanon’s problems.