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.

  • It posted a profit of US$7.8bn in the recently ended quarter.

    Meta reported a profit of $7.8 billion on $32 billion in revenue during the recently ended quarter, as the number of people using Facebook monthly rose to 3.03 billion

    Meta is seeing "good progress" in bringing in money from Reels, with the video snippets played more than 200 billion times daily across Facebook and Instagram, Zuckerberg said

  • So far this year, violence linked to the Israeli-Palestinian conflict has killed at least 203 Palestinians, 27 Israelis, one Ukrainian and one Italian,...

    The shooting occurred in the city of Qalqilya in the northern West Bank where the army confirmed it had conducted "counter-terrorism activity"

    The Palestinian health ministry identified the dead teenager as Fares Abu Samrah, 14, and said he died of bullet wounds to the head

  • This is firm's worst quarterly profit since Q1 2009.

    Samsung's second-quarter net profit fell 84.5 percent to 1.72 trillion won, and sales dropped 22.3 percent to 60 trillion won

    The firm blamed weak demand for its chips and mobile phones, but offered an optimistic outlook for the remainder of the year

  • Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned 676 11kV distribution substations across Dubai in the first half...

    The construction of the substations and associated tasks for new customers required a combined effort of 505,684 man-hours

    Last week, DEWA and Sungrow, decided to collaborate to accelerate clean energy adoption in the UAE

  • The money transfer firm plans to set up base across the GCC.

    The talks with Saudi Payments, according to Fawry, are likely to conclude by the end of the year

    In Saudi Arabia, the number of users in the digital commerce market is expected to amount to 36.38m by 2027

  • The bank recorded a total income of $2.53 billion.

    The bank's net financing and sukuk investments have reached $68 billion

    Total income rose to $2.53 billion, reflecting a 49 percent YoY increase

  • The company logged a net profit of $4.4m.

    The company registered a net profit of $4.4 million, compared to $6 million in the previous corresponding period

    A subsidiary of Abu Dhabi-based International Holdings Company (IHC), Easylease has recently reaffirmed its 2023 guidance

  • Revenue accelerated 25 percent to US$877 million.

    Losses after tax dropped to £142.6 million ($184 million) in the six months to the end of June

    During the same period last year, the firm suffered a net loss of £290 million ($374.75m)

  • RIYADH, SAUDI ARABIA - The  Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...

    As per the industry report, container volumes across the Kingdom’s ports during 2022 were estimated at 10,439,620 TEUs.

    The Kingdom’s groundbreaking strides in the global logistics landscape boils down to a host of critical catalysts,

  • Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry...

    More than 92 percent of revenues came from oil after prices surged following last year's Russian invasion of Ukraine.

    Oil revenues for the fiscal year which started in April 2022 stood at $87 billion, a 64 percent increase from the previous year, the ministry said.