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 discusses tourism with India, UK, Indonesia and Japan

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...

Geostrategy

ADNOC L&S gets new VLCC

VLCCs carry almost 2 million barrels of crude per voyage.

Business
Business

Rush to invest in Saudi mining sector heats up, 4073 applications received

Saudi Arabia has been flooded with license applications from investors at home and abroad to invest in its mining sector....
  • The Kingdom plans to launch a comprehensive geological survey to map the country’s mining potential
  • According to geological surveys dating back 80 years, the Kingdom has an estimated reserve of untapped mining potential valued at $1.3 trillion
Geostrategy

Cutting fossil fuel use key to environmental protection: IMF

The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...
  • Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.
  • Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.
Business

UAE’s Amanat sells stake in Saudi IMC for $118m

The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake...
  • The sale is expected to net a gain of $11mln
  • Amanat held this stake through its 100 percent holding via subsidiaries in Saudi Healthcare and Education Fund
Arts & Culture

Emaar Entertainment, Eagle Hills Diyar partner to take Reel Cinemas to Bahrain

Reel Cinemas will be the authorized cinema partner for the upcoming Marassi Galleria, a beachfront, world-class mega mall in Manama,...
  • Reel Cinemas will be the authorized cinema partner for the upcoming Marassi Galleria, a beachfront, world-class mega mall in Manama, Bahrain.
  • Cinema fans in Bahrain will also enjoy a specially crafted F&B menu along with Reel Cinemas’ much-loved Dine-In cinema concept, which will also debut
Business

Panasonic completes acquisition of Blue Yonder for $8.5bn

Panasonic has now purchased the remaining 80 percent of shares of Blue Yonder, adding to the 20 percent which Panasonic...
  • The acquisition has completed antitrust clearance procedures and received approval of regulatory authorities in the US and other countries
  • The acquisition has completed antitrust clearance procedures and received approval of regulatory authorities in the US and other countries
Business

Qatar First Bank acquires office building in US

Fourteen555 is QFB’s eighth shariah-compliant real estate acquisition in the USA.
  • The building becomes the first multi-tenant office addition to QFB’s now eleven-asset strong portfolio, the bank said.
  • Major tenants of the building include billion-dollar revenue firms such as Moss Adams and Infor.
Business

Saudi CMA looks to double $213bn funds under its control

The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.
  • The Capital Market Authority wants to create more jobs in the financial sector by increasing the assets under management
  • The Fintech accelerator is helping to build the capabilities and talent required by financial technology companies
Arts & Culture

Saudi site Dawqara shows signs of civilization during the late Roman period

DUBAI: Dawqara, a place in Saudi Arabia's Northern Borders region, has shown signs of civilization during the late Roman period....
  • One of the most important artifacts of the site in Dawqara is a square palace built from volcanic stones.
  • Some stone tools have also been found at the site located in the Northern Borders region.
Business

Al-Nefaie named Seera Group CEO

He was appointed acting CEO of the group in April
  • Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
  • He has been the vice-president of the revenue department at Makkah Construction and Development Co.
Economy

Kuwait population down 0.9 percent in H1 due to expat exodus

DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...
  • More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
  • Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.

UAE discusses tourism with India, UK, Indonesia and Japan

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...
Geostrategy

Company News

Latest News

GCC countries hail national reconciliation in Sri Lanka

Abdulmohsen bin Khuthaila in his speech on the sidelines of an official debate on human rights in Geneva, said that...
Geostrategy

King Abdullah calls on UN, world to provide aid for refugees

King Abdullah of Jordan met with the UN High Commissioner for Refugees Filippo Grandi at Al-Husseiniya Palace to discuss how...
Geostrategy

US Fed Reserve may remain hawkish in coming months

Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening. The US consumer...
Analysis
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

UAE treasury bonds post “exceptional” bidding results

The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank...
  • Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, stated that the new five-year T-Bonds will contribute to strengthening the local debt capital market
  • In May 2022, the UAE issued the dirham denominated T-Bonds of the UAE Government (T-Bonds), in two and three year tenures.
Business

Work on world’s largest waste-to-energy project nearly completed

Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project,...
  • Once fully operational, the plant’s renewable energy, generated from treating waste, will feed the local electricity grid with 215MWh of clean energy.
  • Located in Dubai’s Al Warsan, the project will convert 45 percent of the emirate’s municipal waste into renewable energy.
Infographics

UAE solar energy leader in Arab world

Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five...
  • Renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region's total targets by 2030.
  • More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.