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.

Esports World Cup returns with record-breaking participation, global reach

Riyadh, Saudi Arabia - Saudi Arabia continues to cement its position as a global hub for gaming, esports, and entertainment...

Economy

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...

Geostrategy
Geostrategy

Tehran protests after US football body posts modified Iran flag

Iran has seen more than two months of demonstrations sparked by the death in custody of 22-year-old Kurdish-Iranian woman Mahsa...
  • Iran will face the United States in their final Group B game on Tuesday, when a win would put them through to the last 16
  • Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put an end to the "troubles"
Geostrategy

Turkish, Egyptian ministers to meet to build ties: Erdogan

Erdogan and Egypt's President Abdel Fattah al-Sisi shook hands last week in Qatar, signalling a fresh beginning in their ties.
  • Erdogan and Egypt's President Abdel Fattah al-Sisi shook hands last week in Qatar, signalling a fresh beginning in their ties
  • Relations between Ankara and Cairo have been strained ever since Mohamed Mursi of the Muslim Brotherhood, who was firmly backed by Erdogan
Economy

Jordan makes two big seizures of captagon pills on Syrian border

Amman, Jordan— Jordan has seized a big haul of drugs being smuggled into the kingdom from Syria in two different...
  • Border guards at the Jaber border crossing, Jordan’s main border crossing with Syria, on Sunday seized 10,000 Captagon pills and 1 kg of crystal meth hidden inside a truck
  • A day earlier the Eastern Military Zone in Jordan seized 564 palm-sized sheets of hashish, 20,000 Captagon pills, a Kalashnikov rifle and ammunition
Economy

AMF signs US$1bn agreement to shore up Yemeni government reforms

Riyadh, Saudi Arabia—The Arab Monetary Fund has signed a $1 billion agreement with the Yemeni government to shore up the...
  • The program seeks to contribute to backing efforts made to implement reforms to strengthen the financial status of the Yemeni government,
  • It seeks to promote comprehensive and sustainable economic growth, create job opportunities and push sustainability of Yemen's economy
Economy

Egyptian Exchange rises on buying by FIIs

The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion.
  • The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion
  • The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased by 1.37 percent, ending at 2,550.95 points
Business

Global Data Dialogue summit in Dubai to discuss AI, public policy, media

The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on...
  • The summit will bring together data leaders, high-level government officials, technologists, scientists and journalists to engage in dialogue on making data a global good
  • Participants will be provided opportunities to network, and participate in plenary sessions, flash talks and a fact-checking workshop
Economy

Egyptian LNG exports will exceed 8 million tonnes in 2022: Minister

Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said.
  • Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said
  • He said the companies will focus on reducing emissions from production operations while stepping up their activities
Economy

Rate cuts may help in avoiding chronic recession

It is logical for the FRB to halt the wave of escalation of interest rates on the dollar, which was...
  • The Federal Reserve may reverse its policies and reduce interest rates to ensure preservation of the US and global economies, says an economist
  • It is logical for the Fed Reserve to pursue it policy in halting the wave of escalation of interest rates on the dollar, Qatar-based Bashir Al Kahlout adds
Business

Global economic crisis takes fizz out of MENA startups

MENA startups had begun the year with a deluge of funding from investors, but toward the year end a dark...
  • The startups in the region have raised more than $2.5 billion this year and made more than 500 deals, according to estimates
  • The UAE raised $460 million in 24 deals in October, a huge boost compared to the country’s $27 million raised in September
Business

NEXT50 unveils platform for firms to maximize their business values

Abu Dhabi, UAE -- NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s...
  • PLATFORM50 is designed to support organizations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation.
  • AI is set to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion to the Middle East alone.

Esports World Cup returns with record-breaking participation, global reach

Riyadh, Saudi Arabia - Saudi Arabia continues to cement its position as a global hub for gaming, esports, and entertainment...
Economy

Company News

EITC posts 26% jump in profit

Arada H1 property sales up

ADIB H1 net profit $381m

Zain Group Q2 net profit $165m

SAMI, Lockheed Martin sign pact

Latest News

Mammoet, Aertssen sign agreement

The two firms will provide heavy-lifting solutions in Qatar.
Business

PureHealth buys Circle Health

The deal signifies PureHealth’s operational capabilities.
Business

Several MoUs signed at Future Minerals Forum in Saudi Arabia

RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

DEWA records 12.5 million digital transactions in 2023

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in...
  • DEWA offers digital services for electricity and water management, as well as innovative sustainability services.
  • These include smart living initiative, features like consumption monitoring, comparison with high-efficiency homes.
Business

ADQ, ADNEC Group sign agreements

They will buy 40.5% stake in TMG Holding’s hospitality business.
  • ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.
  • ICON is a leading player in Egypt’s luxury and upscale hospitality market, with a track record of building and owning some of the most celebrated luxury hotels in Egypt.
Geostrategy

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
  • The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
  • The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.