INSEAD Day 4 - 728x90

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

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.

  • The government sold a 9.5% stake for US$121.6mn.

    The North African country desperately needs privatization in order to meet a series of foreign debt obligations over the next few months

    When the two-part sale is complete, it will bring down the Egyptian government's stake in Telecom Egypt down to 70 percent from 80 percent

  • President Joe Biden's administration again warned of "catastrophic" consequences for the US economy including huge job losses if the country...

    The nonpartisan Congressional Budget Office forecast that the country could default on its debts by June 15 if lawmakers fail to agree on a deal.

    Biden has stated he wants a "clean" hike of the debt ceiling, but Republicans are insisting any extension of the country's borrowing authority.

  • ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...

    The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.

    The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.

  • The emirate achieved an 89.5 percent year-on-year growth in 2022 and Foreign Direct Investment capital inflows of $12.79 billion. The...

    These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33, Sheikh Hamdan said.

    Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020. It had attracted 418 freenfield FDI projects.

  • DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...

    India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.

    The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.

  • Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place...

    The meeting will tackle key issues concerning global companies and create and strengthen partnerships focusing on generating a positive impact.

    More than 1,500 leaders from business, government, and other global firms, along with innovators and academics, are expected to participate.

  • Following international pressure, Damascus agreed to let the UN use the Bab al-Salama and Al-Rai crossings, operated by Turkish-backed rebels,...

    Syrians affected by the February 6 earthquake that killed more than 55,000 people in Syria and Turkey have been relying on two border crossings for vital humanitarian deliveries

    The United Nations estimated earlier this week that Syria needs almost $15 billion to recover from the quake, and it put the total cost of damage and losses at almost $9 billion

  • Muscat, Oman--Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al-Thani has called for a unified policy for purchase of food...

    The chairman was speaking at a meeting between GCC ministers of commerce and heads of unions and chambers of commerce and industry in Muscat

    He said the region has been coping with a number of challenges posed by the Covid-19 pandemic and the ongoing war between Russia and Ukraine

  • Jeddah, Saudi Arabia--The Islamic Development Bank (IsDB) Group has signed 77 financing agreements worth $5.4 billion with 24 member countries...

    The 77 agreements look to develop projects in sectors such as health, agriculture, food security, transport, energy, education, and humanitarian relief

    President of the IsDB Group said the discussion with the member states covered a range of development issues and the future of the IsDB Group

  • Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to...

    Iran traded 58.25 million tons of goods worth $35.11 billion with Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia during the fiscal 2022-2023

    The Islamic Republic's top business partner among the Arab countries was the UAE, trading 24.35 million tons of goods worth $24.16 billion