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 bank investments at all-time-high of $147 bn in February

Abu Dhabi, UAE - Bank investments in the UAE hit $147 billion by the end of February, the highest level...

Business

India Jewelry Exposition Center launches in Dubai

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...

Business
Geostrategy

Clashes in Syria’s Daraa: What is the fighting about?

Daraa, which borders Jordan and is close to the Israeli-occupied Golan Heights, is widely seen as the cradle of the...
  • Nearly half of the population of Daraa has fled heavy shelling and ground battles.
  • Civilians were suffering from acute shortages of food, fuel, water and medicines, says UN Special Envoy.
Business

Dubai records $1.2 billion realty deals

AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...
  • The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.
  • AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.
Science

Speed up Covid-19 origin studies: WHO

Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Advises against blame game or politicizing the pandemic situation.
Business

Popular Buraidah dates daily sales worth $400k

About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
  • The region has the highest number of date palm trees among all the kingdom’s regions.
  • About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
Business

Bank ABC Islamic H1 gains hit $19.2m

The profit absorbed a one-off fraud-related impairment in 2020.
  • The profit reflects the bank's success in returning to normal performance after absorbing the one-off exceptional fraud related impairment in 2020
  • Other key highlights include the total operating income of US$21.5 million which is 8.1% lower than the same period last year

Turkey’s flash floods: Death toll is 9

Heavy rains produced flash floods that turned streets into running rivers and sparked mudslides that buckled roads
  • Heavy rains produced flash floods that turned streets into running rivers and sparked mudslides that buckled roads
  • Images on television and social media showed water rising to the level of street signs in some towns
Economy

Lebanon leaders, central bank lock horns over fuel subsidies

In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for...
  • The central bank on Wednesday ended subsidies on imported fuel, and instead offered importers a line of credit
  • Caretaker Prime Minister Hassan Diab said the move ‘contravenes the law’

TikTok is most downloaded app

The Chinese-owned video app has surged in popularity
  • The Chinese-owned video app surged in popularity despite efforts by former president Donald Trump to ban it or force a sale to US-based investors
  • The app is believed to have one billion users worldwide including more than 100 million in the United States
Science

‘Eruptions can’t lessen climate change’

Scientists at the University of Cambridge and the UK Met Office examined how rising temperatures are likely to affect the...
  • Scientists at the University of Cambridge and the UK Met Office examined how rising temperatures are likely to affect the ash and gases shot into the atmosphere by volcanoes
  • The emerging "feedback loops" between the changing climate and eruptions were not accounted for in this week's landmark scientific report by the IPCC
Geostrategy

UK, US interferences threaten regional stability: Iran

Iran’s Supreme National Security Council Secretary Ali Shamkhani reportedly issued this warning in a meeting with Iraqi Foreign Minister Fuad...
  • A top Iranian security official accused the UK and the US of continued “meddling” in the internal affairs of the regional countries
  • He added that countries in the region are able to ensure their security without external interference

UAE bank investments at all-time-high of $147 bn in February

Abu Dhabi, UAE - Bank investments in the UAE hit $147 billion by the end of February, the highest level...
Business

Company News

Latest News

Saudi Arabia imports more cars in H1 than in whole of last year

Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo...
Business

UAE, US discuss enhancing military, defence ties

Rear Admiral Pilot Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, explored means of fostering relations in all fields with...
Geostrategy

Saudi Fund to finance building of Cameroon hospital

The hospital will help tackle chronic disease and reduce mortality rates and also alleviate overcrowding in other hospitals of the...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Pakistan Prime Minister Shehbaz to visit UAE next month

This would be Shehbaz Sharif’s second visit to the UAE, but the first official visit since he assumed office.
  • This would be Shehbaz Sharif’s second visit to the UAE, but the first official visit since he assumed office
  • The visit will likely take place in the first week of September and the prime minister would head a high-level delegation
Business

UAE stock markets post gains of $2.26 billion on Friday

Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher...
  • Realty and banking blue chips accounted for the lion's share of transactions that amounted to more than 14,700 worth around $454 Million over 353.7 million shares
  • Emirates NBD, Dubai Islamic Bank, and TECOM increased 1.84 percent, 0.84 percent and 0.41 percent respectively
Geostrategy

Macron calls for ‘new pact’ with Algeria in reconciliation visit

The trip follows months of tensions between Paris and the North African country, which earlier this year marked six decades...
  • Macron had proclaimed a "new page" in relations on Thursday, after meeting President Abdelmadjid Tebboune
  • On Friday, Macron and Tebboune presided over a "coordination meeting" involving security officials from both countries