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.

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...

Economy

Austrian university develops technique to renew buildings without demolition

Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...

Science
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.
Business

Brazilian group seeks trade, investment boost with UAE

Sharjah, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) organized the UAE-Sao Paulo Business Forum on Thursday, marking...
  • During the forum, the two sides discussed joint efforts and investment opportunities available in both cities.
  • The delegation comprised representatives from companies operating in agriculture, food, cosmetics, and furnishings sectors.
Business

Upcoming Jewels of Emirates Show set to be largest in its history

Sharjah, UAE - The upcoming fourth edition of the Jewels of Emirates Show, the UAE’s first of its kind showcasing...
  • The expansive show space will host hundreds of distinguished brands, offering a broad display of the latest fashion lines.
  • More than just a showcase for luxury items, the show will provide a platform for cultural exchange, highlighting the Emirati heritage.
Geostrategy

SCCI discusses trade with Guatemalan, Indonesian delegations

SHARJAH, UAE -   The Sharjah Chamber of Commerce and Industry (SCCI) has discussed strengthening trade and economic ties with diplomatic...
  • The discussions focused on amplifying bilateral relations in industry, agriculture, food security, livestock and broadening trade exchanges.
  • SCCI invited Indonesian businessmen to visit Sharjah to see the progress on existing projects and experience the facilities the emirate offers.
Science

Environment ministry reclassifies 64 air quality monitoring stations in UAE

DUBAI, UAE -  As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has...
  • The reclassification is consistent with the UAE's commitment to upholding the highest environmental and climate standards.
  • All government entities involved in managing and operating air quality monitoring stations cooperated in reclassifying 64 stations.
Economy

Art Dubai 2023 generates US$39m in economic impact, says new study

DUBAI, UAE -  Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced...
  • The study showed that Art Dubai 2023 attracted a staggering 23,500 hotel nights bookings to Dubai.
  • The event had the strongest-ever participation of regional and international institutional representatives.
Arts & Culture

Dubai Police ink deal with UAE Hockey Federation

DUBAI, UAE - The Athletes Council at Dubai Police and the UAE Hockey Federation signed an agreement (MoU) to enhance...
  • The MoU demonstrates the mutual keenness of Dubai Police and the UAE Hockey Federation to strengthen cooperation in sports.
  • The Athletes Council of Dubai Police will collaborate with the UAE Hockey Federation to share ideas and initiatives.
Geostrategy

UAE to implement support scheme for low-income farm owners

DUBAI, UAE -   The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...
  • The support aims to reduce the financial burden related to electricity bills, as part of an integrated and holistic approach to help low-income families in UAE.
  • Beneficiaries can check the monthly support amount by referring to their farms’ consumption bill through Etihad Water & Electricity’s service channels.

Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion

Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...
Economy

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

GASTAT issues FDI statistics of Saudi Arabia for Q4 2023

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for...
Economy

Gulf nations embark on defense industry localization

Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...
Economy

flydubai adds two Saudi destinations

Flights to Al Jouf Airport and Red Sea Airport to start from April 18.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution
  • ESA will benefit from a streamlined and integrated system, improving visibility and control over all of its operations.
  • ESA will be using an integrated supply chain model that eliminates process silos, predicts disruptions.
Business

CATRION 2023 profit up 10%

The company said that net profit, however, dropped 35% in Q4.
  • The company' board has announced a cash dividend of SAR90 million for the second half of 2023.
  • The company's revenue increased from SAR 1.818 billion in 2022 to SAR 2.133 billion in 2023, due to the inflight catering segment as well as non-aviation catering services.
Geostrategy

Middle East oil policies not dictated by US, says Russia

MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the...
  • The US cannot dictate prices, although they would like to as the world is becoming a multipolar one, a Russian official said.
  • "This multipolarity is expressed in particular in the existence of the group of countries known as OPEC+," he added.