INSEAD Day 4 - 728x90

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

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.
  • Firm confirmed its 2023 outlook amid strong aviation demand.

    Boeing said its commercial plane business was dented by "abnormal costs".

    It said "labor instability and supply chain disruption" weighed on its defense, space and security unit.

  • BAGHDAD, IRAQ -  Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with...

    Sudani said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".

    French giant TotalEnergies in 2021 signed a $10 billion contract with Baghdad, but work on the multiple projects is yet to begin.

  • Lebanese protesters blocked roads and burnt tires near the central bank in Beirut as the local currency plummeted to a...

    Lebanese banks have imposed draconian restrictions on withdrawals since the country's economy collapsed three years ago.

    Dozens of protesters gathered Wednesday near the central bank headquarters amid heavy deployment of security forces.

  • DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...

    DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.

    He emphasized on the importance of exchanging global best practices and experiences between the two sides.

  • The profit in year 2022 is 4.4 percent lower than in 2021.

    The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.

    The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.

  • Dubai, UAE-- On the second day of the MENA IPO Summit Dubai 2023, many experts called for the creation of...

    The summit, held at the Museum of the Future, aims to mobilize the various players of the initial public offering (IPO) value chain by providing a platform for dialogue

    Investment experts and companies also discussed environmental, social and governance (ESG) practices

  • India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including leveraging UAE and India’s startup...

    India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including the rupee-dirham trade, and India’s startup ecosystems

    President and CEO of Dubai Chambers Mohammad Ali Rashid Lootah revealed that the number of new Indian companies that joined Dubai Chamber of Commerce in 2022 exceeded 11,000

  • Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time,...

    Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time, says a latest report.

    The region's digital economy will grow from around US$100 billion in 2022 to US$500 billion in 2030, adds the report by RedSeer Strategic Consulting

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...

    On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.

    DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.

  • Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices....

    Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October 2022.

    Musk sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the firm.