INSEAD Day 4 - 728x90

Business

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.

Microsoft data highlights Qatar’s rapid Artificial Intelligence growth

The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...

Business

ChatGPT surpasses 1 billion monthly active users in May

Dubai, UAE -- OpenAI's ChatGPT surpassed 1 billion monthly active users in May, becoming the fastest application to reach the...

Business
Business

Ring, Lloyds Bank and Snapchat hit by massive internet outage

Lloyds Bank and Halifax’s mobile apps went down for users on Monday after a major outage linked to Amazon Web...
  • Dozens of popular websites and apps, including Snapchat, Ring, Fortnite, and Amazon’s own Prime Video, were inaccessible during the blackout
  • Lloyds’ website posted a notice saying: “Sorry, we’re unable to process your request at the moment. We are currently having some technical issues.”
Interview

Digital sovereignty Is the new independence, says UAE cybersecurity official

Digital sovereignty, in my view, is no longer a technical concept — it’s a cornerstone of national independence and strategic...
  • Digital sovereignty, in my view, is no longer a technical concept — it’s a cornerstone of national independence and strategic stability, says Lt. Colonel Al Shebli in an interview
  • The UAE has been forward-thinking in this domain, ensuring that data, platforms, and systems critical to our nation’s wellbeing remain under national jurisdiction. he adds
Business

GITEX GLOBAL Day 4: Security in a world driven by AI and data takes center stage

Dubai, UAE-- On the day 4 of GITEX GLOBAL 2025, policymakers, cybersecurity leaders, and innovators convened to address the most...
  • As digital transformation accelerates, speakers called for a unified global response that firmly plants security, ethics, and trust at the core of AI-driven progress.
  • The 45th edition of GITEX GLOBAL converges more than 6,800 exhibitors, 2,000 startups, 1,200 investors, and delegations from over 180 countries.
Business

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.
  • "The world is changing, and Nestle needs to change faster," chief executive Philipp Navratil, who took the reins of the multinational in early September, said in a statement.
  • The company published nine-month figures showing sales down by 1.9 percent to 65.9 billion Swiss francs ($83 billion).
Business

Billionaire Ronaldo tops Forbes footballer rich list again

Paris, France -- Portugal great Cristiano Ronaldo once again topped the Forbes highest-paid footballers list for the 2025-26 season, as...
  • It is the sixth time in the last decade that Ronaldo has topped the Forbes list.
  • With on- and off-field earnings of an estimated $280 million, Al Nassr's Ronaldo will earn more than double that of second-placed rival Lionel Messi.
Business

Spotify, Netflix sign deal to stream video podcasts

Stockholm, Sweden -- Music and video streaming giants Spotify and Netflix have penned a deal to bring several video podcasts...
  • Spotify also said that it was planning "to bring similar opportunities" to a wider range of podcasters in the future.
  • Spotify first began offering non-music audio and video content on its service in 2015.
Business

AI, robotics, energy systems, sensor networks: Four technologies driving the future of work

The report, Jobs of Tomorrow: Technology and the Future of the World's Largest Workforces, developed by the WEF's Global Future Council on...
  • Realizing the vast opportunities while minimizing risks will require targeted investment, improved technology access in developing markets and inclusive platform design
  • Applications already making an impact include drone-enabled agricultural harvesting, AI-powered logistics support for small businesses and micro-energy systems
Business

Global experts and cybersecurity leaders convene in Dubai to inform future-ready solutions

The World Economic Forum will convene more than 500 experts from government, business, academia, international organizations, civil society and media,...
  • Amid geopolitical shifts and technological transformation, this year’s meetings will provide space to navigate uncertainty, decode emerging trends and strengthen resilience
  • Sessions will enable participants to identify systemic solutions, drive cybersecurity collaboration and understanding across industries, and foster the multisectoral partnerships
Business

OpenAI announces Broadcom deal as spending spree continues

OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its...
  • The partnership is the latest in a series of recent announcements by OpenAI as it seeks to strengthen its position as the preeminent company of the generative AI revolution
  • The partnership, which the companies said would launch next year, would provide 10 gigawatts in computing power, requiring roughly the energy needed to power a major city
Business

UAE solidifies AI ambition at Expand North Star by GITEX GLOBAL

Dubai, UAE – Expand North Star by GITEX GLOBAL is underway in the UAE as the world’s largest startup and...
  • The 2025 edition connects over 2,000 of the world’s most disruptive startups with 1,200 international investors managing US$1.1 trillion in assets.
  • Reflecting the government’s ambition to foster innovation and attract global talent, the initiative aims to generate 30,000 new jobs by 2030.

Microsoft data highlights Qatar’s rapid Artificial Intelligence growth

The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
Business

Company News

Yalla Group Q1 revenue $83m

Qatar Airways annual profit $2bn

Masdar issues $1bn bond

Luberef net profit falls 7% in Q1

SABIC net loss $322 million

Latest News

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.
Business

Dubai Chambers partners with DP World and Customs to boost logistics resilience

Dubai, UAE — Dubai Chambers, in collaboration with Dubai Customs and DP World, convened a meeting with around 100 private...
Business

IHC shareholders approve share buyback of up to $1.36 billion

The proposed buyback represents about 0.6% of the company’s total shares. The board of directors has been authorized to take...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.
  • Revenues increased 59.2% to 2.9 billion riyals in 2025 from 1.82 billion riyals in 2024.
  • Despite the strong annual performance, the company reported a decline in fourth-quarter earnings.
Business

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
  • Despite the revenue decline, gross income edged up slightly to SAR 85.4 million, compared with SAR 84.5 million a year earlier.
  • In the fourth quarter of 2025, Tasnee reported a net loss of SAR 2.04 billion, compared with a loss of SAR 97.7 million in the same period a year earlier.
Opinion

AI can screen talent, only humans can see it

Cultural nuance matters deeply in MENA. Communication styles differ across the Gulf, the Levant, and North Africa. Comfort with camera-based...
  • Systems trained on narrow behavioral norms may inadvertently penalize those who express themselves differently.
  • In societies where interpersonal trust and relational fit remain central to business culture, removing human judgment entirely could be counterproductive.