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 two offshore jack-up rigs will be bought for $200 million.

    Since listing on the Abu Dhabi Securities Exchange in October 2021, ADNOC Drilling has expanded its fleet from 95 to 108 owned rigs, as of 30th September, 2022.

    This rig purchase adds to earlier deals for a total of nine rigs signed in 2022 and four rigs acquired in 2021.

  • Abu Dhabi, UAE--The UAE Jiu-Jitsu Federation and China’s Generations Fund have signed an agreement to promote the culture of Jiu-Jitsu...

    The agreement allows both parties to utilize Jiu-Jitsu in accelerating sporting cooperation between the UAE and China

    It will also contribute to expanding Jiu-Jitsu fan base in the People's Republic of China, specially among young people

  • Amman, Jordan-- Jordan's inflation shot up 4.22%, reaching to 106.68 points during the period from January to the end of...

    The Department of Statistics noted that the overall consumer price index for November this year rose by 4.99%, reaching 108.19 points

    The American credit ratings giant Fitch Solutions said in May that it predicts inflation to rise to 3.6% this year

  • Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build...

    The Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone.

    The signing came a week after Sudan's military and civilian leaders inked an initial accord aimed at ending the crisis since last year's military coup.

  • Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European...

    The continent has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions.

    Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses could face blackouts.

  • The bank's Fitch A ratings bonds were listed on Nasdaq Dubai.

    The new listing highlights Nasdaq Dubai's significant role in strengthening links between the capital markets in Dubai and China.

    Bank of China's Dubai branch has issued the 2025-maturing bonds at a yield of 4.84 percent.

  • ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from...

    The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law.

    The meeting discussed the proposed amendments to the bankruptcy law in terms of public policy.

  • The three firms will produce fuel cell grade hydrogen from waste.

    The three firms will form a consortium that will advance progress on the Middle East’s first waste to hydrogen plant, located in Sharjah.

    The plans for the plant include an on-site green hydrogen dispensing station capable of fuelling several vehicles.

  • Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore...

    PIF said it is investing in Skyborn alongside Global Infrastructure Partners, , a US-based infrastructure investment fund.

    The Skyborn, which is based in Bremen, Germany, has a presence in 15 European and Asia Pacific markets.

  • A record of nearly 70 tons of the drug was intercepted in 2021, up 74 percent from a year before,...

    The cocaine is usually hidden in containers, or sometimes underneath ships in openings below the water line where they are then recovered by divers.

    Rotterdam mayor Ahmed Aboutaleb has deplored the fact that the port city is "drowning in cocaine", and condemns the violence that accompanies the drug trade.