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.

New Israel Covid-19 rules trigger protest

Older citizens need to get booster vaccine shot, mask requirement indoors reimposed, vaccine certificates must for entering enclosed spaces

UAE’s nuclear authority takes stock of cooperation agreements

Federal Authority for Nuclear Regulation’s Board of Management also approved MoU with the Ports, Customs and Free Zone Corporation.

Oman bans network marketing, pyramid schemes

The authorities will impose a fine of OMR 5,000 (nearly $13,000) on anyone who is found violating this ban, with...

Saudi Arabia arrests 12,000 foreign violators of various laws

In a wide crackdown on those violating various laws of the kingdom, Saudi Arabia has arrested more than 12,000 violators...

Private firms in Oman can use government evaluation system

The existing method of appraisal is based on work experience, an employee’s behavior, and how long he/she spends at work.

Six die in UAE from Covid-19, 1,537 test positive

The country's Ministry of Health and Prevention aims to continue expanding the scope of testing nationwide to facilitate the early...

A project to extract water from air at Masdar soon

It will evaluate the performance of US-based water technology firm AQUOVUM’s Atmospheric Water Generation technology.

Saudi economy likely to grow nearly five percent this year

Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...

A year after the mushroom cloud, Lebanon still bleeds

Footage of the fireball erupting above the port and the white blast mushroom soaring skywards and tearing through the city...

Saudis queue up for vaccines as delta variant strikes world with force

Saudis have been queuing up in larger numbers in the last 10 days with the arrival of August 1 deadline,...

UAE, Morocco discuss ways to strengthen trade relations

Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances...

Company News

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Abu Dhabi’s Al Bateen Executive Airport reopens after upgrade

Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport...

Raya CX, Zain Saudi sign pact

Raya CX will provide outsourcing services to Zain Saudi Arabia.

Saudi Re GWP hits $245 mn

The growth was propelled by a 166% growth in H1 2022.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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SEC’s profit fell to $1.9bn in H1

The Saudi utility firm's sales however surged to $8.80bn.
  • The company however made $8.80 billion in sales during the period, up from $8.53 billion in 2021, propelled by rising demand for electric power
  • The utility saw its shares lose 1.9 percent to SR26 in early trading

APICO posts 29% profit increase

It will proceed with an IPO of 20 percent of its capital on Nomu.
  • The plastic manufacturer reported an increase in revenue to $31 million during the year
  • The book-building period will be led by Yaqeen Capital and shall start on September 11 and end on September 13

WGES 2022 to promote investment tie-ups in green projects

The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well...
  • The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers
  • The UAE is the first country to develop the Green Key Performance Indicators focusing on three dimensions - environmental, economic and social - of sustainable development