INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Global passenger demand grows 4% in July: IATA

GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...

Business

Ajman records real-estate deals worth $381 million in July

Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025....

Business

Jewels of Emirates Show begins in Sharjah

SHARJAH, UAE - The fourth edition of the Jewels of Emirates Show, the first Emirati exhibition dedicated to diamond jewelry,...
  • The Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI) is hosting the event.
  • Sheikh Majid bin Faisal bin Khalid Al Qasimi, First Deputy Chairman of the Chamber, inaugurated the exhibition.
Economy

UAE exports to reach $544bn by 2030, says Standard Chartered report

DUBAI, UAE -  The UAE is poised to play a pivotal role in global trade with its exports projected to...
  • The report forecasts the global trade industry to reach US$32 trillion by 2030, with a projected growth rate of five percent.
  • The report said that corridors anchored in Asia, Africa, and the Middle East are expected to outpace the global trade growth rate.
Economy

Saudi merchandize exports down 14.6% in Q1 as oil exports fall

Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a...
  • The value of exports amounted to SAR 313.5 billion ($83.6bn) in Q1 2023, down from SAR 367.1 billion ($97.86bn) in Q1 2022.
  • The decrease originated mainly from oil exports, which fell by SAR 43.1 billion ($11.47bn) or 14.9 percent in the same period.
Business

DIFC forum to focus on optimizing treasury operations

Dubai, UAE - Standard Chartered will partner with the Dubai International Financial Centre (DIFC) in hosting the DIFC Treasury Leadership...
  • The DIFC Treasury Leadership Forum will showcase the latest trends in treasury solutions designed to streamline financial operations.
  • Organized by DIFC, the forum will bring together senior treasurers from leading banks, multinationals and services providers.
Business

UAE energy ministry announces Global EV Market transformational project

DUBAI, UAE -  UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei on Tuesday announced the launch of...
  • Under the agreements, the partners will cooperate to create incentives for people to own EVs, facilitate investment in the UAE network of electric vehicles.
  • The Global EV Market is in line with the objective of the We The UAE 2031 vision of enhancing the position of the Emirates as a global partner.
Business

DFM launches futures contract on General Index

Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index...
  • Trading futures contracts on the DFMGI offers investors the opportunity to access DFM’s largest and most liquid stocks.
  • DFMGI will provide strong diversification and hedging opportunities for both retail and institutional investors.
Business

Sharjah group to discuss trade boost with India in five-day trip

SHARJAH, UAE- The Sharjah Chamber of Commerce and Industry (SCCI) will embark on a trade mission to India on Monday...
  • The delegation will visit Mumbai and New Delhi, setting up business forums and arranging meetings with Indian business communities.
  • The delegation will highlight the benefits and opportunities of investing in Sharjah, detailing the incentives and facilities available.
Business

RAKEZ highlights Ras Al Khaimah’s potential to Chinese business owners

RAS AL KHAIMAH, UAE - A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to...
  • The RAKEZ delegation interacted with prominent Chinese business owners from a range of sectors.
  • The team traveled through Shanghai, Suzhou, Qingdao, Tianjin, Guangzhou, Foshan, and Zhuhai.
Business

PIF sets up firm Badael to curb tobacco use in Saudi Arabia

RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and...
  • Badael aims to address the negative impact that smoking has on the well-being of the Saudi population.
  • The company’s products are expected to help nearly one million people give up smoking by 2032.
Business

Ajman hotels posts 3% increase in revenues in Q1 2023

AJMAN, UAE - Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter...
  • Ajman tourism is looking for new ways to collaborate with local and international partners to advance the tourism sector by attracting new investments.
  • The emirate of Ajman hosts 44 hotel establishments ranging from 1-star to 5-star hotels, resorts and luxury hotel apartments with 3,997 hotel rooms.

Global passenger demand grows 4% in July: IATA

GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...
Business

Company News

Wizz to set up fleet in KSA

DEWA, Desolenator ink pact

Al Sagr, Gulf Union may merge

QIB partners with Loop

IHC acquires stake in Burjeel

Latest News

Saudi’s Modon attracts $3.8bn industrial investments in 2023

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for...
Economy

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
Business

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Russia becomes world’s fourth-biggest LNG producer, says PM

MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year. The Russian...
  • Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.
  • In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.
Business

New shipping service in Saudi Arabia launched

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...
  • The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
  • This will further establish the Kingdom's position as a global logistics hub that bridges three continents,
Business

Dubai partners with 9 developers to bolster Real Estate Program

Dubai, UAE -- The Dubai Land Department (DLD) has embarked on the first phase of a series of strategic partnerships...
  • The developers include Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty and Ellington Properties.
  • The agreement aims to enhance the competitiveness of Emirati professionals and facilitating their roles in the real estate sector.