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.
  • ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies,...

    The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone.

    Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, official at Vale signed the deal.

  • One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...

    PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.

    "This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.

  • DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...

    Several UAE federal, local government entities and civil society organizations were part of the delegation.

    The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.

  • Riyadh, Saudi Arabia-- Saudi Arabia and Iran have discussed ways to strengthen the ties between the two countries in a...

    The Iranian minister described the expansion of the Saudi-Iranian relations as a "win-win" development

    The two ministers met in Jeddah on the sidelines of the Islamic Development Bank Group's conference

  •   Dubai, UAE - AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December....

    The company is poised for even more growth during its upcoming funding round, with expectations of a substantial increase in valuation

    The company aims to create a truly immersive gaming experience that is accessible for anyone, anywhere, anytime, and on any device

  • Tehran, Iran--Iran will begin to receive the first batch of Russian SU-35 fighter jets next week, according to Mehr News...

    Being under Western sanctions, both Iran and Russia have signed deals in recent months to boost military, economic, trade, and energy ties

    Apart from the 24 jets, Iran will also receive from Russia air defense systems, missile systems and helicopters from Russia in the near future

  • The profit rose to US$22mn on the back of higher revenue.

    The company's revenue soared to $240 million, a jump of 12.7 percent, and EBITDA went up to $43 million, an increase of 21 percent

    It is looking to make additions to its capacity for tiles, sanitaryware and tableware division in the United Arab Emirates

  • Speaking at a CII event in New Delhi, Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza...

    Trade between the UAE and India has shot up to $84 billion in 2022, from $68 billion the year before, recording a 23 percent jump

    Indian companies are the second largest partners in the free zone in terms of trade volume and fourth in terms of trade value

  • The Group's income also saw an increase of 34 percent.

    The company's net profit for the period stood at $85.51 million, up from $55.20 million during the same period last year

    he Group's total income also saw an increase of 34 percent, reaching $278.11 million, compared to $204.65 million in Q1 2022.

  • Its profit vaulted to US$150 million in Q1 of 2023

    The company said the profit resulted from strong performance and improvement in efficiency measures across all operations

    It acquired a 50 percent stake in TotalEnergies Marketing in Egypt, and plans to open the first service station in Cairo in Q2