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 revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out

    Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

  • Firm confirmed its 2023 outlook amid strong aviation demand.

    Boeing said its commercial plane business was dented by "abnormal costs".

    It said "labor instability and supply chain disruption" weighed on its defense, space and security unit.

  • BAGHDAD, IRAQ -  Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with...

    Sudani said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".

    French giant TotalEnergies in 2021 signed a $10 billion contract with Baghdad, but work on the multiple projects is yet to begin.

  • Riyadh, Saudi Arabia---Saudi Arabia's National Housing Company signed 22 MoUs worth nearly 4 billion riyals ($1.06 billion) on the sidelines...

    The MoUs worth nearly 4 billion riyals ($1.06 billion) were signed on the sidelines of the launch of the materials platform, Mawadat, at the Future of Real Estate Forum.

    The electronic platform facilitates the process of direct linking between real estate developers and contractors with factories and suppliers of building materials.

  • Lebanese protesters blocked roads and burnt tires near the central bank in Beirut as the local currency plummeted to a...

    Lebanese banks have imposed draconian restrictions on withdrawals since the country's economy collapsed three years ago.

    Dozens of protesters gathered Wednesday near the central bank headquarters amid heavy deployment of security forces.

  • DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...

    DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.

    He emphasized on the importance of exchanging global best practices and experiences between the two sides.

  • Abu Dhabi, UAE---The First Abu Dhabi Bank, UAE’s largest bank, has issued a 5.25-year $600 million bond at US Treasury,...

    This marks FAB’s second dollar issuance in a space of 10 days following the $500 million RegS five-year Sukuk issued on 9 January 2023.

    The bond received orders of $1.75 billion, meaning it was oversubscribed three times with 76 percent of the issue placed with high-quality investors outside the MENA region.

  • The profit in year 2022 is 4.4 percent lower than in 2021.

    The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.

    The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.

  • They will collaborate in shipping, logistics and ports services.

    Potential joint investment in new port facilities to support Tosyali's export operations is part of the MoU.

    Tosyalı is one of Türkiye’s largest private steel producers, which has operations in three continents.

  • The International Organization for Migration said in an October report that "prevailing customs and traditions... limit women's activities to their...

    Iraq's private sector is still embryonic, making more tedious and lengthy the steps to set up a company

    Iraq has 13 million employment-aged women yet only around one million are working