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.

Israel defiant amid global criticism over West Bank settlement expansion

UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will...

Geostrategy

UAE, Morocco speakers of parliament discuss ways to enhance cooperation

MARRAKESH, MOROCCO - Speaker of the UAE Federal National Council (FNC) Saqr Ghobash met with Morocco Speaker of the House...

Geostrategy
Science

Saudi Arabia to spend $6.4bn in 15 years on waste recycling

Saudi Arabia will invest $6.4bn in waste recycling over the next fifteen years in order to move to a more...
  • "The company is also working with legislators and regulators to separate waste from the source by placing dedicated containers, organizing transportation and waste collection"
  • Saudi Arabia had 5 percent of its total waste recycled from the beginning of 2020 until the first half of this year 2021
Business

Expats leaving Oman can retain properties under usufruct scheme

The scheme allows them to manage properties from outside the country through law firms or realtors.
  • The usufruct period for buildings can last for up to 50 years, and be extended for 99 years.
  • With this scheme, Oman aims to keep pace with global trends around controlling the movement of funds.
Business

RoyalJet comes to Dubai to cater to high demand for charter planes

In order to cater to growing demand for charter planes, RoyalJet, the wholly owned subsidiary of the Abu Dhabi-owned RoyalJet...
  • Demand for private flights expected to surge further as Expo 2020 draws near
  • The jets are available for charter by business and leisure travelers who are looking to fly directly into and out of Dubai
Geostrategy

Canada elects PM Trudeau for third term

The 49-year-old Trudeau won the election, but did not get simple majority, which could make things difficult for him, just...
  • The elections were tough for Trudeau, despite his conservative opponent being a relative newcomer to the arena
  • Trudeau had called snap elections, hoping to sail through thanks to his handling of the Covid-19 threat in Canada
Arts & Culture

Expo 2020 launches official song ‘This Is Our Time’

The song, called This Is Our Time, is four minutes and 18 seconds long, is available on several platforms for...
  • The song features UAE-based artiste Hussain Al Jassmi, who is also an Expo 2020 Ambassador
  • He is accompanied by Lebanese-American singer-songwriter Mayssa Karaa, and Emirati singer-songwriter Almas
Business

Dubai Chamber adds 16,000 new members this year

Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.
  • The membership growth is also a result of the various business-friendly measures and incentives introduced by the government in recent years
  • The number of ATA Carnets issued by the Chamber and received by the country, increased 5.1 percent over the same period, reaching 2,188 in the first eight months of 2021
Business

Foreigners in Kuwait on commercial visit to get work permit now

The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of...
  • Thousands of expats left Kuwait this year and have been unable to return due to the pandemic
  • This move is expected to offset that talent drain and attract more such talent into the country
Business

Kuwait starts 100,000 bpd oil-gathering center

Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.
  • A gathering center is a facility that collects oil from a field to be transferred usually by pipelines
  • This gathering center is formally referred to as GC-31 and is located in in northern Kuwait
Business

Amazon to hire 1,500 people in UAE as it expands business

Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope...
  • The jobs, according to the company, will be created as it expands its fulfillment center storage capacity by 60 percent
  • This expansion is expected to create additional jobs through its sellers and delivery partners
Business

Oman tax authority to fine VAT non-filers

Those who have not filed VAT returns would see a fine of up to OMR5,000 (around $13,000) imposed on them.
  • The standard rate of VAT in Oman is 5 percent
  • It is among the lowest in the world

Israel defiant amid global criticism over West Bank settlement expansion

UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will...
Geostrategy

Company News

Latest News

Dubai FDI wins UN award for best practices in tracking investments

The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its...
Economy

DEWA plans cash dividend for H1

Firm plans to give cash dividend of US$844m.
Business

Kuwaiti Camel Racing Club sports season 2022-23 begins

Kuwait--Activities of the local sports season of the Kuwait Camel Racing Club for 2022-2023 season begun on Saturday at Sheikh...
Arts & Culture
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

IsDB sanctions US$1.12bn financing for member countries

The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member...
  • In the Republic of Uganda, the financing of US$ 100 million, part of the Islamic tranche, will enable the country to untap its oil reserves and export oil to international markets
  • In the Health sector, sovereign financing of $207 million was approved for the Strengthening of the National Referral Hospital on Oncology Center for Indonesia
Geostrategy

Summit in UAE discusses global partnerships, prosperity

Over 200 senior officials convened in the "Ambassadors Forum", organized by the World Government Summit Organization in partnership with UAE...
  • The summit discussed role of diplomacy in shaping future governments and achieving global prosperity.
  • UAE Minister of Economy spoke on the critical priorities for governments in the next decade.
Business

‘Jordan not affected by India’s decision to restrict rice exports’

President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties...
  • India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.
  • The decision of banning export of certain varieties of rice are not imported by Jordanian traders.