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.

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...

Business

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...

Geostrategy
Business

Emirates to increase salaries of employees

Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to...
  • The new changes will take effect from October 1
  • ""We will better recognize our internal talent by increasing the salary increment opportunity on promotion for core grades"
Business

Saudi Arabia to improve labor quality

Saudi Arabia will start giving out professional licenses from next year in order to improve the quality of its domestic...
  • The Ministry of Municipal and Rural Affairs and Housing for regulating city operators will start the first phase of issuing professional licenses for 16 professions
  • The major professions for which the ministry is seeking to introduce mandatory professional license in a phased manner consist of technicians, construction workers
Economy

Saudi Arabia looks to boost exports

Saudi Arabia will resume negotiations with 11 countries for free trade agreements meant to increase non-oil exports share in GDP.
  • Saudi Arabia is looking for more trading partners under free trade agreements as the country aims at increasing non-oil exports share in GDP
  • The kingdom is resuming negotiations for free trade agreements with 11 countries, Okaz paper reported
Science

Some baby bats babble like human infants

The babbling of 20 baby bats was recorded in Costa Rica and Panama between 2015 and 2016 by a researcher...
  • Saccopteryx bilineata don’t hide away in gloomy caves, but prefer to live in trees, making them easier to observe.
  • One bat babbled for a full 43 minutes, a long stretch considering adult communication generally lasts but a few seconds.

Office 365 prices to go up from 2022

The prices would apply globally with adjustments for certain regions.
  • There are no changes to pricing for education and consumer products of Microsoft at this time
  • Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months
Business

Abu Dhabi updates Covid-19 travel list of ‘green’ countries

Travelers from these countries need not quarantine on arrival in Abu Dhabi.
  • Travelers from these countries need not quarantine on arrival in Abu Dhabi.
  • The list is effective from 12am (UAE time) Friday and subject to change based on global Covid-19 developments.
Geostrategy

Qatar to give $10m per month to Gaza families in aid

Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.
  • Qatar will transfer the aid funds before the end of August
  • The distribution of these funds will start in the month of September
Geostrategy

US to help Lebanon procure electricity

Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.
  • The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.
  • The global body also said the crisis could be among the top three in the world if it was not addressed immediately
Geostrategy

Iran, China to discuss ways to expand cooperation

Iranian President Raisi told Chinese counterpart Xi Jinping his government would prioritize the expansion of bilateral relations.
  • Iran has bought 1 million doses of the Covid-19 vaccine from China, whose export it asked to be expedited
  • Chinese Premier Xi Jinping said his country would put in the maximum effort to help Iran receive the vaccines
Business

EGA obtains $5.5 billion loan to refinance debt

The term loan facility reduces by $1 billion the size of EGA’s existing seven-year $6.5 billion loan facility signed in...
  • Middle East’s largest aluminum maker expects loan to enable optimal dividend policy for shareholders.
  • The company could be listed if shareholders wish, says CFO.

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...
Business

Company News

Latest News

Saudi-Thai Business Council set up to enhance trade

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
Business

State Grid Corporation of China opens first office in UAE

Dubai, UAE: State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in...
Business

UAE launches net-zero drive for firms

The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

EU plans emergency action to halt energy price rise

High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...
  • The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.
  • EU officials are also considering measures to split electricity price setting from the gas price and take into account other energy sources.
Business

Saudi to host second Global Artificial Intelligence Summit in Sept

Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September,...
  • AI is expected to boost global gross domestic product (GDP) by 14 percent by 2030, or nearly $15 trillion.
  • The summit includes more than 100 sessions in which more than 200 speakers will participate, working with more than 3,000 participants.
Business

CBUAE launches new website with various services

The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital...
  • The Central Bank of the UAE has launched the corporate website with various interactive digital services for meeting the aspirations of the consumers.
  • The CBUAE plans to be among the top central banks globally in promoting financial stability.