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 company logged a net income of $379 million.

    The home rental platform logged a net income of $379 million in what it touted as the most profitable second quarter in its history

    As a sign of confidence in its future, the San Francisco-based company announced it will devote $2 billion to buying back shares

  • Group EBITDA for the period was QR4.5 billion.

    The company will pay the accrued interest of 3.25 percent to the bondholders amounting to $1 billion and due on Feb. 21, 2023

    Ooredoo revenue for the half year ended 30 June 2022 stood at QR11 billion, an increase of 4 percent compared to the same period last year

  • The Saudi Telecom Co. will pay $532m in quarterly dividend.

    According to Olayan Alwetaid, the CEO of the company, DARE 2.0, a company specialized in cloud computing, was established with SR894 million capital

    The telecom giant’s profit jump from SR5.77 billion in the same period a year ago came on the back of a 7 percent surge in sales

  • BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also...

    The carmaker shipped just over 563,000 units in the second quarter of 2022, a drop of 19.8 percent

    BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply

  • Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.

    Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector

    The DMS aims to support more than 40,000 virtual jobs and add $4 billion to Dubai’s economy

  • Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and...

    With high inflation biting into family budgets, households have cut back on spending on essential commodities because of the high cost of goods

    While the high-end malls and stores can fall back on their deep reserves of cash to get over the crisis, it is the small and medium-sized businesses that are struggling to survive

  • Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well...

    Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes

    Rabie attributed the big leap in the revenues to the rise in the number and tonnage of ships transiting the canal during 2021-2022

  • UAE Ministry of Climate Change and Environment and Emirates Development Bank sign a Memorandum of Understanding to finance agricultural SMEs...

    UAE Ministry of Climate Change and Environment and Emirates Development Bank ink pact to finance agricultural SMEs

    This move will help to contribute to the UAE’s sustainable economic development and food security

  • The 7th edition of Liwa Ajman Dates and Honey Festival begins Friday at the Emirates Hospitality Centre in Ajman. Showcasing...

    Organized by Ajman Department of Tourism Development, the festival targets more than 400 participants.

    The festival also includes events that aim to revive the old Emirati customs and traditions.

  • The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for...

    The UAE has strengthened its position on the world tourism map, becoming a leading international tourism destination.

    UAE is in the top 10 country in several international competitiveness indexes related to the tourism, travel and hotels sectors in 2021