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.

Khalifa Fund partners with Wio Bank

Wio will offer Khalifa members full digital account onboarding.

Business

Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...

Science

Qatar pulls up 106 firms for violating summer work hours

The action has been taken under a new law that prohibits laborers from working outside between 10 am and 3:30...
  • Qatar’s labor ministry said the 106 companies it pulled up were caught during an intensive inspection campaign
  • The ministry said the violating companies are chiefly from the contracting sector: building maintenance, to be specific
Business

Dana Gas reports $139m net profit in H1

Dana Gas, the UAE-based energy producer, is out of woods with a big rise in its net profit to $139...
  • The first half is one of the strongest financial periods for the gas company
  • The firm reported a net profit of $139 million for the January to June period, compared to a loss of $19 million a year earlier
Economy

Non-Saudis can now own one property in the country

This new move could make Saudi Arabia appear more expat-friendly as the nation looks to project itself as a regional...
  • Interested individuals may use Saudi Arabia's Absher platform to go about acquiring property in the country
  • However, they will have to fulfill conditions, like having a valid and ongoing residency permit in the country
Business

Etihad Cargo’s tonnage up 20 percent on pre-Covid volumes

The cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group said it is looking to facilitate a global trade...
  • The airline has reclaimed 90 percent of its pre-Covid destinations.
  • It currently services 72 network destinations across the Middle East, Asia, Europe, Africa, and the Americas.
Business

Palm Jumeirah beckons rich with its luxury

Dubai’s Palm Jumeirah has seen its sales and prices touch newer levels during the last few years, spurred by strong...
  • More than half of multi-million dollar homes sold in Dubai in H1 are Palm properties
  • The average transacted prices for residential units on the man-made island stood at 2,100 dirhams ($571) per square foot in the second quarter of 2021
Investigation

UAE firms face multiple cyber attacks in a day

Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months....
  • The most impacted industry is the finance and banking sector with 407 weekly attacks per organization, says a report.
  • Most organizations had at least one employee download a malicious mobile application, which threatens their networks and data.
Geostrategy

Only serious reforms will get Lebanon foreign aid: Saudi Arabia

The Saudi Cabinet, however, reiterated its solidarity with the country whose people are looking at a deepening economic crisis.
  • Lebanon’s economic crisis has been described by the World Bank as one of the 10 worst of its kind since the mid-1800s
  • The World Bank also said the crisis has the potential to be among the top 3 of all time
Science

China approves first mixed-vaccine trial as Delta spread

The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed...
  • The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed by US pharmaceutical company Inovio
  • Preclinical work has found that "two different vaccine applications... produce an even stronger and more balanced immune response"
Business

Dubai Airports expects robust growth for DXB in H2

DXB is currently serving 68 percent of the destinations in 94 percent of the countries on 70 percent of the...
  • Dubai Expo 2020 and Dubai Airshow 2021 may increase passenger numbers in months ahead, says CEO.
  • India DXB’s top destination country by traffic volume in H1 with passenger numbers exceeding 1.9 million.
Business

TAQA’s net income shoots up 42 percent to $790m in first half

TAQA, the Abu-Dhabi government’s energy holding company, has reported a 42 percent jump in its net income for HI 2021...
  • Company says revenues up 11 percent year-on-year due to higher oil and gas commodity prices
  • The company recorded revenues of AED 22 billion, 11 percent up on the previous year, due to higher commodity prices in the oil and gas segment

Khalifa Fund partners with Wio Bank

Wio will offer Khalifa members full digital account onboarding.
Business

Company News

Latest News

South Korea wins $2.2bn order in Egypt’s first nuclear plant

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean...
Business

Egypt’s central bank cancels maximum cash deposit limit in banks

During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its...
Economy

OIC calls on international community to stand firm with Rohingyas

The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Egypt’s GDP grows 6.6% in FY 2022: PM Madbouli

The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war.
  • The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war
  • The PM said that the unemployment rate in the country stabilised at 7.2 percent
Business

Maaden to supply phosphate, ammonia to four Indian firms

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and...
  • The company signed MoUs with top Indian companies, under which they will discuss ways to enhance joint cooperation in various fields of growth,
  • Ma'aden today exports about 1.7 million tons of phosphate and ammonia products to the Indian market annually.
Geostrategy

Jordan, GCC countries discuss higher education cooperation

Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at...
  • The meeting decided that the Jordanian side would draft executive programs and memoranda of understanding (MoU).
  • The programs would prioritize areas of academic, student, research collaboration and expertise exchange.