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.

Tunisia: Central Bank governor pleads with parliament to approve $4 billion IMF loan

Tunisia is struggling to pay off its debts and balance its budget The country is in discussions with the IMF...

MENA: Saudi Arabia was top FDI destination in 2020

Saudi Arabia received $10.4 billion in investment  FDI projects in the kingdom fell by 49 percent to 73  Amid all...

Noor Al-Sulaiti is new Ooredoo CEO

Al-Sulaiti took over from Ian Dench who resigned recently She was earlier the CEO of Starlink, an Ooredoo Group subsidiary...

Some MENA economies see turnaround, others may take time to recover: IMF

Oil-producing countries will post positive growth, while economies dependent on tourism will struggle to stay afloat  IMF report says curbing...

Masdar wins 400MW solar plants tenders in Uzbekistan

The plants are expected to have a combined output of 400 MW  The projects are being implemented on a public-private...

Strap your seatbelts, and fly to 168 destinations on Emirates, flydubai

Since the launch of their codeshare flights, Emirates, flydubai have flown 500,000 passengers Both the airlines have implemented extensive biosafety...

Dubai Investment Park, Expo Stations on Route 2020 to open on June 1

The inauguration of more stations comes 6 months after the opening of Route 2020 Route 2020 has so far carried...

Global trade stakeholders to virtually attend customs conference in Dubai

Dubai Customs is hosting the 5th WCO Global Authorized Economic Operator Conference virtually from May 25 The three-day conference is...

DP World names new CEO for UAE Region, Jafza

Abdulla Bin Damithan has been appointed as the new CEO for the UAE region and Jafza of Dubai-based supply-chain logistics...

$2.25trn creative sector that employs 30m worldwide needs help: UN

The creative and cultural industry needs more support as it has been of great service during the coronavirus pandemic.  The...

JCC discusses trade, commerce in economic summit in France

AMMAN, JORDAN -  The Jordan Chamber of Commerce (JCC) took part in the fourth Arab-French Economic Summit 2023 in Paris....

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DEWA smart services receive wide praise from customers

Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption...

UAE aid ship in Mogadishu to deliver drought relief

This initiative comes as part of the directives of the UAE President to provide humanitarian support to the Somali people...

OPEC sees demand for oil tanking this year

OPEC warns that the demand growth for 2023 will slow further to 2.7 million bpd, leaving its forecast unchanged from...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi Arabia allows holders of all types of visas to perform Umrah

The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas
  • The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas.
  • The system allows people to obtain a tourist visa, valid for a period of 12 months, upon arrival at one of the Saudi airports

Egypt looks to borrow $2.5bn in loan to bolster economy

The country's struggling economy needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits.
  • The country is looking to garner $41 billion to pay for its current account deficit and maturing debt by the end of 2023
  • Saudi Arabia, the UAE and Qatar have pledged more than $22 billion in deposits and investments in the struggling economy

Dribbling cost of bringing forward the start of FIFA Cup

The sudden move to bring forward Qatar's match against Ecuador -- to make it the opening match – may put...
  • The decision to bring forward Qatar's match against Ecuador -- to make it the opening match – may put pressure on Doha's public relations team, add to the costs and confuse fans
  • The organising committee of the key sports event says "huge excitement" is building for the World Cup, which will now start on November 20