INSEAD Day 4 - 728x90

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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.

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...

Science

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...

Geostrategy
Geostrategy

Iraq keen to meet fuel needs of Lebanese people: Oil Minister

Baghdad, Iraq -- Iraq's oil minister Hayan Abdel-Ghani has said the Iraqi government was keen to support the Lebanese people...
  • Iraq's oil minister Hayan Abdel-Ghani held a discussion with Lebanon's Minister of Energy and Water, Walid Fayyad.
  • Fayyad appreciated the support extended by the Iraqi government at a time when Lebanon is facing its worst economic crisis.
Geostrategy

31 more Kuwaitis file papers for parliament election

Kuwait City, Kuwait -- At least 31 Kuwaitis have filed candidacy papers for Kuwait's National Assembly election set to take...
  • Till Saturday, a total of 61 candidates, including a female, had filed documents for the election to be held in June.
  • The Gulf state has seen prolonged bickering between the government and the elected parliament that has hampered fiscal reforms.
Geostrategy

Covid-19, which killed nearly 20m, no longer global health emergency

WHO chief Tedros Adhanom Ghebreyesus, however, warns that "the worst thing any country could do now is to use this...
  • The UN health agency first declared the so-called public health emergency of international concern (PHEIC) over the crisis on January 30, 2020.
  • To date, 13.3 billion doses of Covid vaccines have been administered, with 82 percent of adults over 60 having received the initial jabs.
Geostrategy

UAE minister calls for using digital tech in building peace

New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications,...
  • The UAE minister said it is important to address hate speech, racism, intolerance and other forms of extremism.
  • He said issues like climate change, extremism, health emergencies could be solved by boosting peacebuilding architecture.
Business

Ajman witnesses 13 percent first quarter growth in new licenses

Ajman, UAE -- The emirate of Ajman has issued a total of 1,483 business licenses during the first quarter of...
  • Import and export, retail perfumes, general trade, and wholesale trade of women's ready-made clothing are among the newest commercial licenses issued in Ajman during this period.
  • Renewal of licenses grew by 3 percent and process of issuing permits by 9 percent year on year.
Business

$14m plot of land among $2.83bn weekly realty deals in Dubai

Dubai, UAE -- A total of 3,050 real estate transactions worth AED10.4 billion ($2.83 billion) were recorded in Dubai during...
  • The DLD report showed that 189 plots were sold for AED1.19 billion, 2,239 apartments and villas were sold for AED5.11 billion.
  • Al Hebiah Fifth recorded the most transactions for this week by 63 sales transactions worth AED188.2 million.
Geostrategy

Iran expels four Azerbaijan diplomats in tit-for-tat move

Tehran, Iran -- Iran has expelled four Azerbaijani diplomats, state media reported Friday, saying the move was "in response" to...
  • Azerbaijan's foreign ministry last month said it had notified the Iranian ambassador that "four employees of the Iranian embassy were declared personae non gratae" with 48 hours.
  • Baku accused the embassy staff of carrying out activities "incompatible with diplomatic status" but did not elaborate.
Business

Empower Q1 revenue up 6%

The company posted a 5.7 percent year-on-year growth in net profit.
  • For the last twelve months (Apr 2022 to Mar 2023), the company's consolidated revenue was AED 2.82 billion, compared to AED 2.53 billion (Apr 21 to Mar 22).
  • The company attributed the first quarter growth to a rise in demand for its services across various regions of Dubai.
Business

ADX New York roadshow attracts major institutional investors

Dubai, UAE – A roadshow led by the Abu Dhabi Securities Exchange (ADX) in collaboration with JP Morgan in New...
  • The two-day show attracted major institutional investors in the US and welcomed senior representatives from the Exchange and JP Morgan.
  • The event attracted more than 60 CEOs, CFOs, in addition to senior management from institutional investors from across the US.
Geostrategy

Artificial Intelligence dangers: White House summons tech giants

Vice President Kamala Harris and other administration officials will discuss ways to ensure consumers benefit from AI while being protected...
  • The lack of rules has given Silicon Valley freedom to put out new products rapidly -- and stoked fears that AI technologies will wreak havoc before the government can catch up.
  • A range of experts in March urged a pause in the development of powerful AI systems to allow time to make sure they are safe.

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...
Science

Company News

Latest News

UN probe accuses Israel of seeking to ‘destroy’ Gaza healthcare

"Israel has perpetrated a concerted policy to destroy Gaza's healthcare system as part of a broader assault on Gaza," the...
Geostrategy

WTO predicts modest trade growth for 2024-25 amid geopolitical risks

In 2024 and 2025, inflation is expected to gradually abate, allowing real incomes to grow again in advanced economies, boosting...
Geostrategy

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

October 7 anniversary: Hamas praises ‘glorious’ moment in its resistance, Netanyahu says ‘we will win’

Hamas called the Palestinian resistance a testament of resilience against Israeli aggression, while Netanyahu reaffirmed Israel's commitment to crush Hamas...
  • Last year's October 7 attack resulted in the deaths of 1,205 people, according to an AFP tally based on Israeli official figures that include hostages killed in captivity
  • At least 41,870 Palestinians, a majority of them civilians, have been killed in Israel's military campaign in the Gaza Strip since the war began
Geostrategy

Dubai’s night beaches a cool solution to summer heat

With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the...
  • For residents of Dubai, a coast-hugging, desert metropolis of about 3.7 million people, the hot season from June to October is an annual trial.
  • The city now has more than 800 meters (yards) of designated night beaches fitted with shark nets and illuminated by giant, bright floodlights.
Business

Casino operator Wynn wins UAE’s first commercial gaming license

Dubai, United Arab Emirates -- US casino operator Wynn has received the first commercial gaming operator's license to be issued in...
  • The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial gaming licenses to be issued in the Gulf Arab state
  • Wynn operates casinos in Las Vegas and Boston as well as in Macau, a Chinese territory close to Hong Kong.