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 airline reported $839m in profit in 2022.

    The group reported an adjusted operating profit of 1.5 billion euros, in line with expectations.

    The company suffered a net loss of 2.2 billion euros in 2021 and 6.7 billion euros in 2020

  • The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a...

    The offer was expanded from 4.0 percent to 5.0 percent this week in reaction to demand.

    ADNOC Gas, hived off from the Abu Dhabi National Oil Company (ADNOC) at the start of this year, is expected to start trading on the UAE capital's stock exchange on Mar 13.

  • The emirate’s Department of Municipalities and Transport (DMT) said a total of 19,033 transactions were recorded during the year---9,010 sales...

    Yas Island topped the list with transactions worth AED4.2 billion, followed by Al Reem Island (AED3.4 billion) and Saadiyat Island (AED3.1 billion).

    These zones will be open to foreign investors, providing them with an extended range of investment opportunities.

  • The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa...

    The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region

    It will create appropriate projects and opportunities for investment and establish new economic partnerships, Secretary-General of UAEIIC Al Jarwan said

  • Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...

    Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert

    The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk

  • Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by...

    A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE.

    Another reason for the survey was to find about the changes in people’s lives post pandemic which includes the changes in their financial lives.

  • Doha, Qatar-- Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and the...

    Under the MoU, both parties will work to promote QFC as a financial and business platform for foreign financial investments.

    They will also provide necessary support and facilities to American companies interested in doing business in Qatar.

  • Dubai, UAE-- Saudi energy giant Aramco has completed the acquisition of US motor and oil maker Valvoline's global products business...

    The acquisition will help Aramco to enter the integrated, branded lubricants players

    Valvoline Global Operations will continue to be headquartered in Lexington, Kentucky

  • FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president...

    The ECB has lifted rates at an unprecedented pace in recent months to cool inflation.

    ECB president said the pace of future hikes was "impossible" to predict and would be decided by the economic data available at the time.

  • ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting...

    Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.

    The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.