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
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.
Business

Saudi Arabia and Greece to set up business council to deepen trade

Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment...
  • The body will aim to open new areas for economic cooperation, facilitate continuous interaction between the Saudi and Greek business sectors
  • The new council will also exchange information on available markets and investment opportunities, enable commercial and investment partnerships
Economy

Dubai sees growth in employment opportunities as Covid-19 cases drop

As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround...
  • Dubai-based Emirates will hire 3,000 cabin crew members and 500 airport staff workers over the next six months
  • Amazon is planning to hire 1,500 people in the UAE this year
Business

$4 billion infrastructure and road projects ready for Expo 2020: RTA

The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of...
  • The projects included the construction of an Enterprise Command and Control Centre, hailed by RTA as one of the biggest and most sophisticated control centers in the world.
  • Dubai Metro Expo 2020 Station will operate on October 1, synchronized with the official opening of Expo 2020.
Science

Japan sees Middle East as vital in creating hydrogen-based society

Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating...
  • 'The large-scale and inexpensive hydrogen supply is indispensable'
  • Hydrogen and ammonia are attracting attention as new energy sources
Investigation

UAE to punish extortion demands on web with prison sentence of up to two years

Anyone guilty of making a threat to another person on the web will get a prison sentence of up to...
  • "The penalty shall be imprisonment for a duration of not more than ten years if the threat is a threat to commit a crime
  • The Public Prosecution, through a tweet published today on its social media account, clarified the penalty for the crime of electronic extortion
Business

Digital inclusion vital for economic growth: Experts at WEF discussion

DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...
  • An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.
  • The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.
Economy

Fed policy tightening not at all bad for Gulf economies: Jefferies

The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the...
  • A likely strengthening of the dollar, to which Gulf currencies are pegged, may push down inflation, because it makes imports less expensive
  • Higher interest rates on dollar-denominated assets tend to lead to outflows from emerging markets
Geostrategy

United States, European Union pull up Iran over nuclear deal delay

The US and EU have said at the UN that Iran’s new government has shown no indication it was ready...
  • Iran’s new President, Ebrahim Raisi, has indicated he backed a return to compliance with the 2015 accord
  • It could lift sweeping sanctions imposed by former US President Donald Trump when he withdrew the US from the deal
Science

Scientists develop antiviral drugs in pill form to fight COVID-19

Molnupiravir is the top drug being developed by Merck & Co. and Ridgeback Biotherapeutics.
  • Molnupiravir is the top drug being developed by Merck & Co. and Ridgeback Biotherapeutics
  • The drugs will work by preventing viruses from reproducing in human cells

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

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

Saudi Arabia launches three new iron and steel projects

An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects.
Economy

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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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.
Business

Abu Dhabi industrial sector registers 136 new licenses in H1

Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth...
  • The number of  licenses transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories.
  • The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to in-production stage rose to AED 3.1 billion compared to AED 1.03 billion in H1 2021.
Science

IAEA approves operational safety at Barakah Nuclear Power Plant

An International Atomic Energy Agency team of experts said the UAE's Barakah Nuclear Power Plant (NPP) had strengthened operational safety...
  • The Operational Safety Review Team had concluded a five-day follow up mission to the Barakah NPP.
  • OSART missions aim to improve operational safety by independently assessing safety performance against the IAEA’s safety standards.