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.
  • About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and...

    The 'confidence gap' is more pronounced among the emerging affluent, according to Standard Chartered survey.

    Volatility in financial markets and fear of poor returns on investments are the major causes of low confidence.

  • Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking...

    The total cost of the order was not disclosed, but list rates are rarely applied to large deliveries.

    Hungarian low-cost carrier Wizz Air will receive 102 aircraft, American Frontier Airlines will receive 91, while 39 will go to Mexico's Volaris and 23 to Chilean JetSMART.

  • The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE...

    Dirham Overnight Index Average (DONIA) is computed as a volume-weighted money market rate for all actual overnight funding transactions of AED10 million or above.

    It would be published on UAE official working days by 09:30 hours local time on the CBUAE’s website and via Bloomberg and Refinitiv Eikon.

  • The rise is attributed to volume growth, business diversification.

    EBITDA rose 7 percent year-on-year to AED1.161 billion during this period, up from AED 1.081 billion during the same period in 2020.

    General cargo volumes rose to 37 million metric tonnes in year-to-date September 2021, up from 22 million metric tons in the same period in 2020.

  • Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in...

    Anaam will be able to resume trading for 20 trading sessions with the possibility of another suspension

    The poultry processing company reported that its net losses widened by 525 percent in the nine months period of 2021

  • Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.

    Yahsat’s inclusion will be effective on December 1, 2021

    The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)

  • The airline cited the Belarus-Poland border crisis as a reason.

    Syrian airline stopped flying to Minsk due to the increasing tension of migrants moving to Poland

    This, even as hundreds of migrants mostly from the Middle East remained trapped on the Belarus-Poland border

  • Passenger numbers have grown ahead of the holiday season.

    Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations

    This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries

  • The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...

    The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes

    The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion

  • Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and...

    The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh

    He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard