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.
  • Dubai, UAE - The Arab Open Banking is expected to experience 25% annual growth over the next five years, a...

    The Arab Monetary Fund will support Arab central banks in adopting effective frameworks for Open Banking and Finance initiatives

    The report covers aspects such as data sharing, consent mechanisms, data security, identification of regulated Third Party Providers

  • The bank's operating income rose 23% to US$3.32 billion.

    The bank said that net interest income rose 8% to $865 million QoQ and 24% YoY while non-interest income of $285 million declined 7% QoQ

    Its CEO said the bank delivered strong growth in the first nine months of the year, with net loan climbing by10% i and sound growth in CASA deposits

  • The firm trims full-year forecast for deliveries of the 737.

    The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion

    The latest issue with the 737 is the result of misshapen holes drilled in a part of the fuselage that helps maintain plane pressure.

  • Abu Dhabi, UAE -- UAE banks' investments surpassed AED 580 billion, hitting a record high in August 2023, according to...

    Banks investments also increased by AED 58 billion or 11 percent year-to-date compared to AED 527.4 billion at the end of 2022.

    Bonds held until maturity accounted for the largest share of bank investments at 47 percent, reaching AED 276 billion at the end of August 2023.

  • They will deploy AI in Thuraya and Yahsat satellites

    nybl provides various AI and ML sector-specific modules, including Oil and Gas, Security and Surveillance, with robust support for ESG.

    Under the MoU, both parties will focus on testing, certifying, and enabling the nybl platform over Thuraya and Yahsat satellites.

  • Tech giant Microsoft said Tuesday its profits rose in the latest quarter, boosted by its strength in the closely watched...

    Microsoft saw its shares rise more than 3 percent to $341.11 on earnings that underscored the momentum of its cloud business

    Alphabet reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services

  • Its net profit for the third quarter dropped to US$1.09bn.

    The bank launched a new effort earlier this year to cut costs and focus on its core strengths

    Its chief executive said the bank has "materially improved capital outlook" thanks to strong results

  • The listing of shares on ADX is set for November 17.

    According to the company, the subscription will be open from November 2 to November 9, 2023

    It plans to offer 321,500,000 new shares while 321,500,000 shares will be sold by selling shareholder, Investcorp S.A

  • Abu Dhabi, UAE-- Trade between the UAE and Zimbabwe touched $2 billion last year as the bilateral relations between the...

    The UAE is Zimbabwe's second-largest trading partner and the relations between the two countries are poised to grow further

    Zimbabwe's ambassador to the UAE said that both countries are working to develop a number of sectors, like mining, and energy

  • The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion...

    The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion annually from 2025 to 2028, says a latest report.

    With projects like the high-tech NEOM city in the pipeline, the Kingdom is set on diversifying its economy and establishing itself as a leading tourist destination.