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 UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports...

    Non-oil trade relations between the two grew to $401 million in 2022, marking a 31 percent rise in comparison to 2021.

    Bilateral FDI between the two touched $3.8 million by 2020, which is likely to increase further with UAE all set to export more

  • The firm had sold its oil sands activities in Canada to SunCor Energy.

    TotalEnergies revealed that the net profit during the first three months was $5.6 billion in 2023.

    Jump in oil, gas prices post Russia-Ukraine war boosted TotalEnergies' profit to $20.5bn in 2022.

  • The bank's profit was boosted by rising interest rates.

    Pre-tax profit rallied 16 percent to $3.2 billion, making Barclays the biggest gainer on London's top-tier shares index.

    The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.

  • Dubai, UAE - DP World Limited, a global container terminal operator based in Dubai, has reported an increase in container...

    The company handled 19.5 million TEUs across its global portfolio, which is a 1.4 percent increase on a reported basis

    The growth was driven by a strong performance in Asia Pacific and India, while Europe and the Americas saw softer performance

  • The company reports its worst quarterly profits in 14 years.

    The first-quarter net income of Samsung fell 86.1 percent to 1.57 trillion won, and sales dropped 18 percent to 63.75 trillion won

    Samsung blamed weakening demand for memory chips, which usually generate about half of its profits, and falling chip prices

  • Inflation pushes the consumer goods giant to hike prices.

    Uniliver said revenue increased 7 percent to 14.8 billion euros ($16.4 billion) compared with the first three months of 2022

    Unilever, like companies worldwide, is passing on higher costs to customers as inflation stays stubbornly elevated

  • The total dividend payout will be $171 million.

    Shareholders holding the shares on May 4, 2023, will be eligible to receive the interim dividend, which is expected to be paid on May 25, 2023

    The total dividend payment for the year will be AED630 million ($171 million) or 9 fils per share, a 12.5 percent increase compared to the dividend for 2021

  • Dubai, UAE - Arabia Taxi, a subsidiary of Economic Group Holdings in the UAE, has signed an agreement with Tesla...

    The Economic Group Holdings owns the largest fleet of private taxi vehicles in the UAE

    These new Tesla vehicles are a step towards the company’s goal of becoming fully electric

  • BP in February announced that it expected to boost its profits between now and 2030 by investing more in both...

    Some of Britain's biggest pension funds have warned that they will oppose the renewal of Helge Lund's mandate at the annual general meeting in London

    Activist shareholders' group Follow This, which wants "Big Oil to go green", has also put forward a resolution calling for BP to be more ambitious in its climate objectives

  • Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban...

    Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban environments

    From Saudi Arabia's "road cooling" experiment to Qatar's air-conditioned pedestrian paths and blue-painted streets, these nations are at the forefront of innovative solutions