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.

Arab-Indian Chamber of Commerce to be unveiled soon

NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the...

Business

ADNOC L&S buys VLCC

Firm has committed $2 billion for more such carriers.

Business
Economy

OFID to support Paraguay SMEs, agriculture

OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind...
  • Banco Regional will on-lend from OFID’s loan to small and medium-sized enterprises pr SMEs, particularly agribusinesses
  • The loans are aimed at SMEs severely disrupted by economic slowdowns as a result of the Covid-19 pandemic
Business

Fertiglobe IPO may raise $827m

The IPO starts Wednesday and will continue to October 18.
  • The IPO price range of $0.66 to $0.72 implies equity valuation of $5.5bn-$6bn.
  • The company expects to distribute a dividend of $200 million in April 2022 for the H2, 2021.
Economy

Bank deposits up 0.7% to $525.17bn by August-end: CBUAE

The deposits rose to AED1,928.7 billion at the end of August from AED1,915.1 billion at the end of July.
  • The CBUAE attributed the rise in total bank deposits to a 0.6 percent increase in resident deposits
  • It also cited a 1.5 percent increase in non-resident deposits for the rise in total deposits
Economy

UAE approves budget of AED 290bn to 2026

The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion ($16.05 billion).
  • The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion
  • A major share of the 2022 budget was allocated to the development and social benefit sectors, at 41.2%, while the infrastructure and financial resources sectors took home 3.8%
Geostrategy

Jordan discusses bilateral ties with Qatar

Among other things, Qatar and Jordan discussed ways to increase employment opportunities for citizens of both countries.
  • Qatar and Jordan have discussed various topics, including bilateral ties
  • Their conversation also covered the latest regional and international developments
Business

DP World inks deal with MAN Energy Solutions

This is the latest in the several agreements the two companies have had over the years.
  • As a result of the agreement, both parties will now eye common progress in the field of decarbonization
  • The agreement is scheduled to run for five years with an option to extend thereafter
Economy

IMF pegs 2021 global growth at 5.9%

The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to...
  • The predicted 5.9 percent growth is 0.1 percentage point less than the IMF’s July prediction
  • The IMF said this revision was due to supply disruptions for some and worsening pandemic dynamics for others
Economy

Saudi Arabia issues over 1,600 residential plots in September

The plots are said to have been issued under the country’s Sakani Housing program, which is a part of Saudi...
  • The Sakani scheme runs in partnership with the private sector
  • It also channels financing options to people who can also construct their own homes
Business

Madayn lands Oman solar deal

Madayn has signed a deal to build a 100MW solar PV farm.
  • Oman-based Madayn has signed an agreement with Mubadrah and Solar Wadi to build a solar farm
  • Madayn, also known as Public Establishment for Industrial Estates, will build the farm in the Suhar Industrial City
Geostrategy

Arab youth name UAE country of choice for the tenth consecutive year

For the tenth consecutive year, Arab youth have said the UAE is the country they would like to live in...
  • A third of the youth polled in a survey cite UAE's growing economy and opportunities it offers as attractions.
  • Ninety-nine percent of Emiratis say their country’s economy was heading in the right direction.

Arab-Indian Chamber of Commerce to be unveiled soon

NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the...
Business

Company News

Latest News

Sports sector contributes US$2.45bn to Dubai economy

The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's...
Business

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...
Geostrategy

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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Research

Treated sewage water improves wheat growth, production in UAE

A study by an Emirati researcher has shown that wheat growth can be accelerated and production improved using treated sewage...
  • The highest wheat productivity rate was achieved when using treated sewage water.
  • key factors that improve wheat quality are the fertility of the soil, which must contain important nutrients and the quality of irrigated water.
Economy

Dubai reduced carbon emissions by 21 percent in 2021

The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon...
  • The Dubai Supreme Council of Energy in a meeting discussed increasing the share of solar energy.
  • The meeting deliberated waste recycling in power and water production, industry, ground transport and waste treatment.
Economy

Bahrain central bank’s $185m treasury bills oversubscribed 216%

Manama, Bahrain—Bahrain’s latest government treasury bills, valued at Bahrain Dinar 70 million ($185 million), have been oversubscribed by 216 percent....
  • The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government.
  • The issue date of the bills is 21 September 2022 and the maturity date is 21 December 2022.