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.

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

Fertiglobe Q1 net profit $135m

The company posted Q1 revenue of US$694 million.

Business
Economy

Egypt’s headline inflation rises to 5.4 percent

Egypt's annual urban consumer inflation increased to 5.4% in July from 4.9% in June, official statistics agency CAPMAS said on...
  • Month-on-month inflation also went up to 0.9 percent from 0.2 percent
  • CAPMAS attributed the hike to the increase in prices of oils and fats, meats, vegetables, housing, water, electricity, gas and fuel
Business

ADNOC and Fertiglobe to sell blue ammonia to Idemitsu

The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.
  • ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.
  • Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.
Business

Investors may prefer this new Abu Dhabi license

New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...
  • ADDED will also issue a form of service agent agreement to streamline the relationship between partners.
  • 604 activities covered under the license, including accounting, training, consultancy, beauty centers.
Science

Egypt receives first shipment of J&J vaccine

Egypt has received its first shipment of J&J vaccine to inoculate Egyptians against Covid. The Ministry of Health stated that...
  • Monday’s doses to be distributed to 126 centers designated to vaccinate people wanting to travel abroad
  • The shipment consisted of 261,600 doses of the vaccine
Geostrategy

CIA chief visits Israel amid Iran tensions

A spokesman for Prime Minister Naftali Bennett gave no details of the agenda for the CIA chief's talks in Israel
  • A spokesman for Prime Minister Naftali Bennett gave no details of the agenda for the CIA chief's talks in Israel
  • But the Walla News website said he would discuss Iran's nuclear programme
Business

Dubai airport to host a million travelers

More than a million passengers are expected to arrive at Dubai International (DXB) over the next 11 days in what...
  • The airport says it is bracing for exceptionally busy weekends
  • Between August 12 and 22, average daily travelers passing through the DXB gates will peak to around 100,000
Economy

Saudi budget deficit narrows sharply

Better days for Saudi economy seem to be on the horizon as the kingdom’s budget deficit has narrowed sharply in...
  • Saudi budget deficit fell by 38 percent from Q1
  • Spending rose to SR252 billion from SR212 billion
Geostrategy

Trial over Iran 1988 mass murder begins in Sweden

Swedish court officials believe Tuesday's case is the first of its kind against someone accused over the killings.
  • Hamid Noury, 60, is accused by Swedish prosecutors of "intentionally taking the life of a very large number of prisoners sympathetic to or belonging to the People's Mujahedin
  • Swedish court officials believe Tuesday's case is the first of its kind against someone accused over the killings
Business

Umrah permits for double-jabbed Saudis aged 12-18

Saudi nationals aged 12-18 can obtain Umrah permits if they have received two doses of Covid-19 vaccine, the ministry of...
  • Hajj and Umrah ministry’s announcement follows the inauguration of 2021 Umrah season.
  • Permits must be obtained through the Eatmarna and Tawakkalna apps.
Business

Between the Holocaust and Israel: the Jews jailed on Cyprus

Between August 1946 and February 1949, more than 52,000 Jews taken off 39 boats were detained in a dozen camps...
  • Between August 1946 and February 1949, more than 52,000 Jews taken off 39 boats were detained in a dozen camps in Cyprus
  • The British wanted the cramped camps to be a "deterrent" aimed at "breaking the power of the 'Hebrew resistance movement' in Palestine"

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

Company News

Latest News

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...
Geostrategy

Bahri, stc sign logistics deal

Customs clearance assistance is part of the agreement.
Business

Abu Dhabi to launch blockchain, virtual assets strategy

The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Dubai real estate market’s July performance best in decade

Dubai real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the...
  • A total of 7,092 transactions in July 2022 overtook July transaction’s peak in 2013 which recorded 5,024 deals.
  • The secondary market recorded the largest transactions, up by 59 percent in terms of volume and 70.60 percent in terms of value.
Business

Raydan posts loss of $6m in H1

The Saudi food company's revenue shot up to $21.33m.
  • Its accumulated losses, however, hit $47.73 million at the end of the first six months of the year, representing 53 percent of its capital which amounted to $90.13 million
  • According to a bourse filing, the company saw its first-half revenue surge 22 percent to reach $21.33 million
Business

KHC’s profit vaults by 1,162%

Kingdom Holding Co. posted $1.7 billion profit in H1.
  • KHC’s revenue more than doubled to $320 million during the same period, thanks to higher hotel and property sales
  • During the first half of the current year,  KHC closed an $3.41 billion investment program, following the sale of shares to the Saudi sovereign wealth fund