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.

UAE-Brazil trade defies Covid pandemic gloom, posts 33 percent growth in 2021

Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying...
  • "This year we can see a strong increase in bilateral trade that reached US$1.8 billion in the first eight months [until August
  • the Brazil-UAE bilateral trade in 2018 stood at US$2.6 billion, which went up to US$2.81 billion in 2019

Shareholders of Jeddah’s International Medical Center to sell shares in an IPO

Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a...
  • This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse
  • The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company”

Dubai police and a firm join hands to educate people about crypto fraud risks

Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of...
  •  “We have been working with key policymakers to help them build regulation that will make crypto safe for investors”
  • She said there is a “string of scams happening on peer-to-peer platforms,” and the partnership with the police could help investors and traders steer clear of them

Creative Zone expands into Qatar

The CZ is one of the top firms in the United Arab Emirates.
  • The CZ is one of the top firms in the United Arab Emirates
  • Hyundai, LG are among some of its clients

ADNOC Drilling starts trading on ADX

It will start trading under the symbol ADNOCDRILL.
  • Trading starts after the company raised more than $1.1 billion through an IPO.
  • Upon listing, Adnoc Drilling is expected to be among the top 10 largest companies on the bourse.

EU aims to cement cooperation with Gulf states, says bloc’s foreign policy chief

DUBAI: The EU aims to cooperate with the Gulf states on climate change, global access to vaccines and supporting the...
  • Josep Borrell is on a visit to Riyadh, UAE and Qatar.
  • A cooperation agreement will be signed with Saudi Foreign Minister Prince Faisal bin Farhan.

Sharjah International Book Fair begins on Nov 3

Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the...
  • Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the world.
  • Authors, publishers, creatives, and intellectuals from around the world will take part in the fair's activities over the 11-day period

Cyclone Shaheen: UAE state agencies monitoring weather conditions

According to the National Centre of Meteorology (NCM) latest forecasts, the movement of Tropical Cyclone Shaheen will continue towards the...
  • Dr Taher Al Ameri, the NCEMA spokesman, urged the public not to visit beaches and valleys during the upcoming period
  • The spokesman urged those living in the eastern coastal areas to follow all procedures and measures as announced by the competent authorities at the local level

Galaxy Racer eyes Pakistan market

The UAE-based Esports company has over 400 million subscribers.
  • The Esports company has over 400 million subscribers worldwide
  • The company is aiming for a Nasdaq listing in the next three years

Male candidates sweep Qatar’s first legislative polls

Male candidates were elected in all 30 of the seats up for election despite 28 women initially being cleared to...
  • Women candidates fail to break through in Qatar vote for the Shura Council
  • It is not known when the appointments will be announced, or when the council will meet

Louvre Abu Dhabi displays new collection of artworks from across the world

ABU DHABI, UAE – The Louvre Abu Dhabi has displayed new acquisitions including three artworks by Pablo Picasso alongside loans...

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Abdullah bin Zayed meets Benjamin Netanyahu

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Israeli Opposition Leader and former...

Union of Arab Banks appoints CS Events strategic partner

Dubai, UAE: Union of Arab Banks (UAB), the apex body of the $4 trillion banking industry in the Arab World,...

South Korea to enhance ties with hi-tech firms in Middle East

South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Dubai records weeklong realty transactions worth $2.49 billion

Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16...
  • A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44 billion.
  • The top three transactions were plots of land in Madinat Al Mataar that sold for AED988 million, AED259.24 million in Al Yufrah 1 and AED988 million in Madinat.

UAE participates in G20 Finance Track’s Infrastructure meeting

UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...
  • The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.
  • The IWG also discussed means of promoting private sector investment in sustainable infrastructure.

DEWA smart meters’ number up 73% in four years

Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...
  • DEWA has more than two million smart electricity and water metres in Dubai.
  • Automating metre readings helps customers receive instant information on their consumption patterns and effectively manage, monitor and control their consumption.