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.

Proton says will analyze VPN sign-ups to identify attacks on democracy

GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...

Business

Japanese PM discusses clean energy cooperation with UAE ahead of COP28

As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...

Geostrategy
Expo 2020 DUBAI

Expo 2020, Microsoft join hands to create Minecraft experience

The Minecraft virtual world has been created especially for this occasion, with a special view on helping teachers educate students.
  • Expo 2020 visitors can now go to various pavilions and experience the themes of the event through the video game Minecraft
  • A more immersive virtual world and dedicated Education Edition has been available from October 12
Economy

UAE economy to grow at 2.1% this year, 4.2% in 2022: IIF

The Institute of International Finance (IIF) said that the UAE economy is rebounding from its deepest downturn in decades as...
  • In September the UAE Central Bank had forecast the economy will grow 2.1 percent this year and 4.2 percent in 2022
  • the Institute of International Finance (IIF) said it expects the real GDP growth to pick up to 2.2 percent in 2021 and 4.9 percent in 2022
Economy

Saudi EXIM Bank joins Berne Union

This will help the bank address major issues in export credit.
  • The bank’s membership in the union represents a major milestone in its role as a facilitator
  • It is also said to be in line with the bank’s objective of boosting the export of national products through local and global partnerships
Business

DP World says disruption of global supply chain to continue

DP World says the disruption of the global supply chain will not end any time soon because of the shortage...
  • And therefore the disruption affecting global trade will continue for “a long time”
  • "The problem is complicated because you have a backlog of shipments"
Business

Egypt and Greece to sign a deal for power interconnection

Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on...
  • It will constitute the first interconnection between Europe and Africa in the Southeastern Mediterranean region
  • The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia
Business

Etihad raises first ESG loan in global aviation

Etihad Airways has raised $1.2 billion in what is the first sustainability-linked loan tied to ESG targets in global aviation.
  • Etihad selected HSBC and First Abu Dhabi Bank as the strategic partners and financiers for this transaction
  • The two acted as Joint ESG Structuring Banks, Joint ESG Coordinators, Joint Bookrunner and Mandated Lead Arranger
Business

Egypt stops buying wheat due to high cost

Egypt, the world’s biggest importer of wheat, has stopped buying the grain because the price of it is too high...
  • This is the fourth time this year that Egypt has balked at offers in a tender
  • The country imports huge amounts of wheat in order to subsidize bread for its citizens
Business

Saudi Industrial Development Fund unveils three new products

The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to...
  • The launch included a land, a logistic loan, a supply chain financing product and an industrial business incubator program
  • Over 60 logistic zones will be developed by 2030 to support exports, e-commerce and re-export operations
Economy

CBUAE, ADGM to cooperate in FinTech sector

CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.
  • Under the agreement, CBUAE and ADGM will enhance the collaboration under their co-sandbox program
  • This will enable FinTech companies to test their innovative solutions under the existing digital sandbox program
Economy

FAB joins Net-Zero Banking Alliance

FAB is the first bank in the UAE and GCC to join the NZBA.
  • The NZBA was launched in April by the United Nations Environment Program Finance Initiative
  • It aims to bring together banking institutions committed to aligning their lending and investment portfolios with net-zero carbon emissions by 2050

Proton says will analyze VPN sign-ups to identify attacks on democracy

GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...
Business

Company News

Latest News

OIC calls on UNSC to approve full UN membership of Palestine

The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution...
Geostrategy

European Union pledges €364m in grants to Jordan

The aid packages include supporting human development, civil society, governance, institutional development and green transition.
Economy

QIB partners with Loop

They will promote eco-friendly alternative to personal cars.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE says global pacts can help face labor related challenges

The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
  • The UAE said that it is important to guarantee the rights of employers and employees.
  • Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.
Economy

Arab economies expected to grow by 5.4 percent in 2022: AMF

Arab economies grew by 3.5% in 2021. The higher growth in 2022 is attributed to an improvement in global demand...
  • However, economic growth for Arab countries is expected to decline in 2023 to about 4 percent, in line with the decline in global economic growth rate.
  • Global economy is expected to rise 3.2 percent in 2022 and 2.9 percent in 2023, said Abdulrahman bin Abdullah Al-Hamidy, chairman AMF Board of Directors.
Business

Record volume handled by Saudi ports in eight months: Mawani

Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year....
  • Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent.
  • Saudi ports, which handle 90 percent of the Kingdom’s exports and 70 percent of its imports, received 538,265 cars between January and August,