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 says 79,000 Emiratis working in private sector

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization...

Business

Cruise visitors to Qatar in 2022-23 rise 151 percent

DOHA, QATAR -  New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23...

Business
Science

UN fund urges rich nations to pay $100bn a year in climate finance to poor countries

Rich countries must deliver on a promise to channel $100 billion a year in climate finance to developing nations, otherwise...
  • The call by Yannick Glemarec comes as about 50 climate ministers meet in Milan, Italy, on Thursday to hammer out details and tackle differences on the pace of green transition
  • The pre-COP26 summit in Milan this week is the last major UN meeting before negotiators head to Glasgow
Economy

Saudi employers prefer men over women in Q2 as unemployment rate dips

Saudi males found securing jobs was easier than women in the kingdom in the second quarter of 2021, lowering unemployment...
  • According to estimates of the General Authority for Statistics (GASTAT) based on the Labor Force Survey, the unemployment rate of the total working age Saudi population decreased
  • Unemployment rate among Saudi men went down noticeably by 1.1 percentage point to 6.1 percent in the second quarter of 2021 from 7.2 percent in the previous quarter
Business

EDB to push Ajman growth

The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.
  • Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures
  • In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities
Business

ABHGA readies $13bn investment

This agreement can be considered the start for several projects.
  • This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030
  • The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework
Economy

2021 a year of recovery in oil market: OPEC Sec Gen

Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process...
  • Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market
  • The Secretary General also stressed the need to remain cautious and attentive to an ever-evolving market situation
Economy

Saudi MSMEs get new three-month payment respite

The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to...
  • The respite is in the form of the extension of the Deferred Payment Program for the MSMEs
  • The initiative is one of the many Private Sector Financing Support Programs the central bank has launched to help the economy
Business

Bahrain launches region’s fastest global sea-to-air logistics hub

Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.
  • The hub is said to have a turnaround time of just two hours for all containers
  • This means products can be with customers in half the time and at 40 percent of the cost
Economy

Non-oil sector fuels Bahrain economy growth

The results are said to be showing signs of economic recovery of Bahrain.
  • The overall growth is apparently due to the rise achieved by the non-oil sector
  • The rise has been supported by transportation & telecommunications and hotels & restaurants activity
Business

Dubai reviews park redesign proposals

Brand Dubai and Dubai Municipality have reviewed some creative proposals to redesign 10 public parks in the emirate.
  • The latest joint project is part of an ongoing partnership between Brand Dubai and Dubai Municipality
  • Together, they are looking to undertake beautification projects to enrich the city’s urban landscape
Business

New FTA services to ease VAT refunds for UAE homes

The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them...
  • The initiative is expected to include a weekly interactive virtual workshop, the Virtual Session
  • This would introduce UAE citizens eligible to professionals for consultations and clarification about the VAT refund process

UAE says 79,000 Emiratis working in private sector

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization...
Business

Company News

Latest News

Saudi Arabia: AI Algorithms to help crowd management at Holy Sites

The Saudi Ministry of Interior and the Saudi Data and Artificial Intelligence Authority (SDAIA) have announced a strategic partnership for...
Economy

Saudi Arabia to enhance wheat storage capacity

Saudi Arabia is looking to enhance wheat storage capacity in the kingdom by building new silos. Once it is done...
Business

Al-Ittefaq plans an IPO

The $2bn worth Saudi steel giant will list on Tadawul.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

UAE delegation, led by Abdullah bin Zayed, in Tel Aviv to discuss ways to boost ties

Sheikh Abdullah is travelling with a high-level UAE delegation on his visit, which will span several days and marks two...
Business

Saudi Arabia plans seeks to create over 200 smart cities: Minister

Riyadh, Saudi Arabia - Saudi Arabia plans to establish more than 200 smart cities, Majed Al Hogail, Minister of Municipal,...
  • The cities will use AI systems in numerous fields, including inspection, waste management, parking, and spatial planning.
  • The minister explained that cities will depend on their interconnectedness and interaction to improve services quality.
Business

JAFZA facilitates more than a third of Dubai automotive volume

Dubai, UAE-- Jebel Ali Free Zone (Jafza), part of DP World Group, has facilitated over 1.2 million metric tons (MT)...
  • This is equivalent to $12.4 billion, more than a third of the total trade worth $31.3 billion.  
  • Dubai hosts the region’s biggest automotive trading hub and the largest used car market.