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.

  • Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.

    Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs, according to a study published in March.

    AI is bringing with it a level of apprehension matched by climate change and the Covid-19 pandemic, a therapist said.

  • The company reported revenues of $1.24 billion for H1.

    In the second quarter of 2023, the company delivered 13.5 percent revenue growth compared to Q2 2022.

    Net profit (attributable to shareholders of the parent company) for Q2 2023 was US$86.6 million, an increase of 16.7 percent.

  • RIYADH, SAUDI ARABIA - Saudi Arabia posted a budget deficit of SAR5.3 billion ($1.41 billion) in the second quarter of...

    Saudi Arabia, the world’s top oil exporter, recorded a budget surplus of almost $30 billion in 2022.

    Total revenues in Q2 stood at US$84 billion, down 15 percent from the same period last year.

  • Riyadh, Saudi Arabia -- Saudi Arabia will extend the voluntary 1 million barrels per day cut, announced in July, to...

    Saudi Press Agency, quoting an official source from the Kingdom's Ministry of Energy, said the country's production for September 2023 will be approximately 9mpbd.

    This cut is in addition to the voluntary cut previously announced by the Kingdom in April 2023, which extends until the end of December 2024.

  • Acquisition aims to diversify and expand into several sectors.

    EIH has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 30 companies across various sectors.

    Gewan is a diversified holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism.

  • JV will manufacture high-quality copper products in UAE.

    As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.

    Oriental Copper will contribute its extensive technical, operational, and market expertise.

  • The second quarter net profit fell 85 percent on weaker demand.

    Year to date, SABIC's share in the results of non-integral joint ventures and associated companies decreased versus prior year.

    Compared to Q1 2023, net profit climbed 78.8 percent from SAR 660 million, due to the re-measurement gains in option rights related to joint venture agreements.

  • The German airline's net profit climbed to US$964m in Q1.

    The airline's positive results were driven by surging demand for flights as well as a rise in ticket prices

    It was hit hard by pandemic border closures, and had to be bailed out by the German government

  • The Qatari gas firm's net profit rose to US$213m in H1 of 2023.

    Its earnings per share (EPS) rose to QR 0.014 as of 30th June 2023 versus earnings per share (EPS) QR 0.14 for the same period in 2022

    Early this year it obtained the approval to raise the ceiling for non-Qatari ownership in the company’s capital to 100 percent

  • Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the...

    In 2022, China retained the top position as the top merchandise exporter, but its share fell to 14 percent from 15 percent

    Exports of fuel and mining products recorded a 19 percent increase per year between 2019 and 2022, touching US5,158 billion in 2022