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.
  • The decline was attributed to decrease in total operating income.

    There was a decrease in impairment charge for financing from SAR 1.15 billion to SAR 719 million by 38 percent.

    The second-quarter net profit declined 3 percent to SAR 4.15 billion from SAR 4.25 billion in Q2 2022.

  • The H1 profit reached SAR 1.14bn ($303m) and Q2 profit SAR 585.9m.

    Albilad said net income has increased in the first half due to the increase in total operating income by 4 percent.

    The Q2 2023 net profit rose by 15 percent to SAR 585.9 million from SAR 510.98 million in Q2 2022.

  • The Wall Street Journal (WSJ) reported that CZ confirmed that $70,000 worth of Bitcoin, traded on Binance US's launch day,...

    Among the claims, the lawsuit alleges that Binance utilized Sigma Chain, a company under CZ's ownership, to manipulate trading volume.

    Binance says it will list on Worldcoin, a digital currency linked to an identity project co-founded by AI programmer and entrepreneur Sam Altman.

  • Al Dhannah Hospital in Al Dhafra region is owned by ADNOC.

    The contract is aimed to enhance the quality and accessibility of healthcare services to ADNOC employees, their families, and the community in Al Dhafra region.

    Al Dhannah has the capacity of 122 beds, accredited by the Joint Commission International (JCI) offering multi-specialty services.

  • Its parent firm has been named the X Corporation.

    Tweeting a picture of the company's new logo -- a white X on a black background -- late Sunday night, Twitter chief executive Linda Yaccarino said "X is here! Let's do this"

    late Sunday night, Musk changed his profile picture to the company's new logo, which he described as "minimalist art deco," and changed his Twitter bio to "X.com,"

  • It seeks to enhance emirate's coastal and marine locations.

    The agreement between the two underscores the ongoing effort to strengthen Abu Dhabi's maritime sector

    Director-General of Operational Affairs at the DMT said that "together, we will unlock the untapped potential of our shores"

  • The Kingdom, leveraging its significant copper reserves across the nation, seeks to address the global shortage, particularly crucial amid the...

    The Kingdom, leveraging its significant copper reserves across the nation, seeks to address the global shortage, particularly crucial amid the transition towards clean energy

    The Kingdom, despite facing challenges in logistics and water provision at mining sites, is harnessing technology and collaborations to improve production quality

  • The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the...

    Twitter has been using avian branding since its early days, when it bought a stock symbol of a light blue bird for $15.

    Musk changed his profile picture late Sunday to the company's new logo, which he described as "minimalist art deco,"

  • Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...

    The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.

    The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.

  • Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced Sunday it has established Al Madinah...

    MHC will focus on promoting and distributing Ajwa dates both locally and internationally in addition to other date varieties to meet growing global demand.

    The company will also contribute to the wider development of sustainable agriculture in the Madinah region through the adoption of the latest agricultural technologies.