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.

Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan

The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...

Geostrategy

Morgan Stanley sees upswing in MENA M&A deal volumes and values

After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...

Economy

New technology rejigs Gulf maritime sector

Real time data coupled with effective supply chain technology came in handy for the industry after the aviation sector was...
  • The GCC countries have been making investments in integrating supply value chains with digital platforms and upgrading their technologies to keep pace with the latest developments
  • Real time data coupled with effective supply chain technology came in handy for the industry after the aviation sector was grounded following the spread of COVID-19 globally
Analysis

Dubai Aerospace Enterprise’s ESG Risk Rating among lowest

Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, has announced that it has received an ESG Risk Rating...
  • The DAE team had put in over 18 months to strengthen its ESG risk management and framework
  • The global aviation services company vows to continue to engage with our stakeholders on ESG issues

Iran detects 5,380 illegal energy-guzzling crypto farms

The power consumption of the farms equaled that of 2 million people.
  • A farm that consumed 4 percent of the country's electricity was discovered in June.
  • Iran has banned mining of cryptocurrencies till September 22.
Business

UAE economy forecast to grow 4% this year

The United Arab Emirates has forecast for its economy to grow by more than four percent this year, a level...
  • Minister Abdulla bin Touq says over 30,000 jobs will be created
  • The central bank had forecast 2.5 percent growth in December. Economic growth fell to around 6 percent in 2020
Business

Own a share of Dubai property for as little as $136

If you are an investor, you can now own a share of Dubai property for as little as $136.
  • SmartCrowd lowers minimum investment from $545 to $136
  • Regulated by the Dubai Financial Services Authority (DFSA), the firm has so far distributed 1.3 million dirhams in rental income to investors who have put their money in more than
Economy

Saudi output growth dips to weakest level in 10 months

Saudi Arabia’s output growth dipped to the weakest level for ten months amid a slowdown in new business gains.
  • August PMI data from IHS Markit survey data showed a fall to 54.1 in August
  • The non-oil sector weakened in August with output expansion at its weakest in 10 months
Business

UAE seeks $150bn in foreign investments, eyes stronger trade ties in Asia

The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan...
  • The UAE currently ranks first in the Arab world and in the region and 15th globally in the Kearney FDI Confidence Index for 2021
  • The eight countries include South Korea, Indonesia, Kenya, Ethiopia and Turkey. The relations between Turkey and the UAE are showing signs of improvement
Business

UAE to let foreigners ‘live and work’ under green visas

The United Arab Emirates has decided to give out new visas allowing foreigners to settle in the emirates.
  • Visas announced during launch of UAE's 'Projects of the 50' initiative
  • The Green visas will allow entrepreneurs and other professionals to live and work in the UAE
Investigation

$5m fine for polluting water in Saudi Arabia

Saudi Arabia has launched a strict campaign of penalizing companies and individuals involved in polluting water resource of the kingdom....
  • Raft of tough regulations in campaign to protect the Kingdom’s marine environment
  • The new rules ban the removal of rocks, pebbles, beach sand and marine sediment
Economy

AI can save trillions in energy transition

A World Economic Forum study offers a road map and practical recommendations for the energy and AI industries to maximize...
  • Every 1 percent of additional efficiency in demand creates $1.3 trillion in value between 2020 and 2050 due to reduced investment needs.
  • AI could achieve this by enabling greater energy efficiency and flexing demand.

Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan

The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any...
Geostrategy

Company News

Latest News

Saudi trains over 1,000 nationals in coastal tourism market

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Tourism, has implemented two...
Business

Lufthansa, Air France halt Beirut flights as Israel tensions rise

Beirut, Lebanon -- Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after Israel...
Geostrategy

AI startups swap independence for Big Tech’s deep pockets

Washington, United States -- It's the case of the vanishing startup: some of Silicon Valley's most promising names in the fast-developing...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

In fuel-guzzling Saudi Arabia, electric cars pique interest

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his...
  • Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars.
  • Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom.
Business

Saudi ministry, Red Sea Authority to boost coastal tourism

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
  • The program is offered for the first time on board the European Cruise and is accredited by the British University of Plymouth and Dale Carnegie.
  • The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector.
Business

Equinox and NEOM announce Equinox Resort Treyam in Magna

New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one...
  • The resort is an architectural marvel, spanning a 450-meter-long bridge-like structure, floating 40 meters above a serene lagoon.
  • Equinox Resort Treyam will include spacious guest rooms and suites, a 450-meter pool, world-class culinary concepts, a Club House.