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.
  • Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named among Forbes Middle East’s “Middle East’s Most Influential Chief Marketing Officers 2026”, the company said on Sunday. The recognition honours Al Mannaei’s role in driving Emirates Auction’s digital transformation strategy...
  • Dubai property market cools speculation but retains underlying strength

    After a record-breaking 2025, the Emirate’s real estate market is trading at a higher, but steadier level —and the smart money is rewarding discipline over speed, writes Charles Philion, founder Pure Value.
  • China’s LNG ambitions take shape

    The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.
  • Gold heads for weekly loss as Wall Street gains on easing Iran tensions

    Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes rose as investors awaited SpaceX's market debut. Spot gold fell 0.5% to $4,191.17 an ounce by 0252 GMT and was on track for a weekly decline of 3.2%. U.S. gold...
  • Miral, Warner Bros announce two new DC attractions for Yas Island

    Dubai, UAE -- Miral and Warner Bros. Discovery Global Experiences have announced two new DC-themed attractions for Warner Bros. World Abu Dhabi, expanding the indoor theme park's entertainment offering on Yas Island. The additions, Kryptonite Collider and Superman Up and Away, represent the latest phase of investment in the attraction...
  • AI success in life sciences depends on people as much as technology: Bain

    Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows, modernizing operating models and preparing employees for new ways of working.
  • Gulf sovereign funds line up for landmark SpaceX listing

    Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each submitted orders worth between $1 billion and $5 billion. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, media reports said.
  • Fresh US strikes on Iran trigger retaliatory attacks on Bahrain and Kuwait

    Foreign Minister Abbas Araghchi condemned the U.S. attacks and warned that Iran's armed forces would leave "no attack or threat unanswered", while urging foreign militaries to withdraw from the region.
  • Dubai Islamic Bank prices $1 billion AT1 sukuk after strong demand

    Dubai, UAE -- Dubai Islamic Bank (DIB) has priced a $1 billion Additional Tier 1 (AT1) perpetual sukuk after attracting more than $2.3 billion in investor orders, underscoring demand for Gulf bank debt despite heightened geopolitical tensions across the Middle East. The UAE's largest Islamic lender priced the non-call six-year...
  • 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.
  • Alef Group launches $1.08 billion waterfront development in Sharjah

    Dubai, UAE -- Alef Group has launched Linar, a AED4 billion ($1.08bn) waterfront residential development in Sharjah, marking the company's first project with direct coastal access as competition intensifies among UAE developers to meet housing demand. The project, located in Al Mamzar near the Dubai border, comprises five residential towers...
  • UAE consumers embrace AI shopping but remain wary of autonomous purchases

    Visa's latest Stay Secure study also highlighted the rapid rise of social commerce, with 69% of UAE consumers reporting purchases made directly through social media platforms.
  • Riyadh Air adds five routes as first Dreamliners arrive

    The expansion marks an early test of Saudi Arabia's ambition to build Riyadh into a major international aviation hub.
  • OpenAI files confidentially for IPO as AI boom accelerates

    The company did not disclose the size or timing of the offering, saying only that preparations remained at an early stage and that some objectives were easier to pursue as a privately held company.
  • UAE travel sites improve email fraud protections: Proofpoint

    Dubai, UAE -- The UAE's travel sector has strengthened its defences against email fraud ahead of the peak summer booking season, although more than half of the country's leading travel websites still lack the highest level of protection against phishing attacks, cybersecurity company Proofpoint said. A study by Proofpoint found...
  • Dubai economic

    Dubai economic zones post highest-ever trade performance in 2025

    Dubai, UAE -- Dubai's integrated economic zones recorded their strongest-ever trade performance in 2025, with total trade rising 46% year-on-year to AED491 billion, underscoring the emirate's growing role as a global centre for non-oil commerce. The Dubai Integrated Economic Zones Authority (DIEZ) said the result marked its fifth consecutive year...
  • 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 million in 2026, nearly double the estimated $31 million recorded in 2022.
  • Google inks multi-year AI infrastructure pact with SpaceX

    Dubai, UAE -- SpaceX has signed a multi-year cloud services agreement with Alphabet's Google, securing a major customer for its artificial intelligence computing business ahead of the company's expected U.S. stock market debut next week. Under the deal, Google will pay SpaceX $920 million per month from October 2026 through...
  • Global travel firms reaffirm confidence in UAE tourism growth

    Dubai, UAE --- Global travel companies and tourism industry leaders expressed confidence in the UAE's tourism sector during the "Engage by Elevate online 2026" summit, citing the destination's resilience and continued appeal to international travellers. The hybrid event, organised by Elevate World and hosted from Dubai, brought together more than...
  • Oil steadies while gold and bitcoin extend weekly losses

    Oil markets were supported by expectations that ongoing talks between the United States and Iran could help secure energy flows through the Strait of Hormuz, a key route for global crude shipments.
  • UAE property market draws global investors despite regional conflict

    The UAE Property Investment Index, conducted by U.S.-based Penta Group, found that 56% of global property investors expressed serious interest in investing in the UAE, placing it ahead of the United States at 54%, Britain at 41%, France at 28% and Spain at 27%.
  • 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 milestone, according to estimates from market intelligence firm Sensor Tower. The chatbot achieved the mark roughly three years after launch, outpacing the growth trajectories of major consumer platforms including Google...
  • G42 and Santander sign strategic AI partnership

    Abu Dhabi, UAE -- Abu Dhabi-based technology group G42 and Spanish banking giant Santander have signed a memorandum of understanding to explore strategic cooperation in artificial intelligence, the companies said on Wednesday. The agreement establishes a framework for evaluating and developing joint AI initiatives, including AI-enabled advisory and savings solutions...
  • UAE outpaces global peers in technology adaptation

    Dubai, UAE -- Organizations in the United Arab Emirates are moving faster than their global counterparts to adapt technology strategies to a more uncertain geopolitical environment, according to a KPMG report released on Wednesday. The KPMG UAE Tech Report 2026 found that 54% of UAE organizations plan to hire more...
  • AD Ports Group acquires CLI

    CLI is Brazilian agri-bulk terminal operator.
  • Dubai RTA digital revenue climbs 20.6 percent in 2025

    Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) generated AED5.3 billion ($1.44 billion) in revenue through digital channels in 2025, up 20.6% from a year earlier, as the use of online and mobile services continued to grow. The authority said digital transactions exceeded 628 million during the year, a...
  • $1.59bn Makkah project awarded

    A consortium will develop two districts in the Holy City.
  • Middle East conflict drags global air travel demand lower

    Revenue passenger kilometers (RPK), the industry's measure of demand, declined 3.4% year-on-year, while available seat kilometers (ASK), a measure of capacity, fell 2.9%. The global load factor slipped 0.4 percentage points to 83.1%.
  • SpaceX IPO valuation raises concerns over investor demand

    SpaceX’s planned initial public offering at a valuation of at least $1.8 trillion is emerging as a major test of investor appetite for artificial intelligence and technology stocks, as markets prepare for a potential wave of blockbuster listings. Formal marketing for the IPO is expected to begin next week, with...
  • Visa expands AI-driven payments program across CEMEA region

    Visa launched its global Agentic Ready program in the United Arab Emirates on Wednesday, expanding efforts to support artificial intelligence-driven commerce across the region. The launch forms part of a broader rollout across Central and Eastern Europe, the Middle East, and Africa, Visa said. The company said the Agentic Ready...
  • UAE property market enters more sustainable growth phase

    The UAE real estate market entered a more measured and mature phase in the first quarter of 2026 after the rapid expansion seen in 2025, according to a market report released by Colliers. The report said the market continues to be supported by strong fundamentals and ongoing infrastructure investment, while...
  • Emirates breaks ground on Dubai South engineering hub

    The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being delivered by China Railway Construction Corporation.
  • ADNOC-led partnership targets $30 billion infrastructure investments

    The partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate attractive risk-adjusted returns underpinned by a healthy cash yield.
  • UAE executives face growing accountability over AI strategies

    A new Dataiku study shows UAE CEOs increasingly view AI performance, governance and accountability as defining measures of leadership success.
  • Mubadala, Tubacex operationalise TBX Nexxia platform in Abu Dhabi

     Mubadala Investment Company and Tubacex Group have announced the full operational launch of their joint venture in Abu Dhabi, activating a regional manufacturing platform for advanced Oil Country Tubular Goods (OCTG) solutions.
  • 2PointZero posts profit surge

    Growth driven by merger consolidation.
  • Mashreq Q1 profit rises

    Total revenue increased 10% year-on-year.
  • Emirates Stallions Q1 revenue up 11%

    The rise helped by strong demand in real estate
  • MENA faces shortfall of 111,737 construction Project Managers by 2035: PMI

    The PMI report finds that MENA will require up to 330,794 construction project management professionals by 2035 under a high-growth scenario, a 32% increase in demand compared with 2025 levels.
  • Firms lag as AI-driven fraud surges: Study

    The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving fraud tactics and corporate defenses, as criminals increasingly exploit accessible artificial intelligence tools.
  • UAE real estate posts record Q1 growth on strong investor demand

    In Dubai, the Dubai Land Department reported 718,160 real estate transactions, including 60,303 disposals, up 6% from a year earlier. The total value of transactions rose 31% to about $68.6 billion (AED252 billion).
  • Sharjah Islamic Bank Q1 profit rises 19.4 percent

    Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing and continued growth across business segments. Net profit after tax reached 380.7 million dirhams ($103.7 million) in the three months to March 31, compared with 318.9 million dirhams in the...
  • Dubai property market rises 31% to $68 billion in first quarter

    Dubai, UAE -- Dubai’s real estate transactions rose 31 percent year-on-year to 252 billion dirhams ($68.6 billion) in the first quarter of 2026, with volumes increasing 6 percent, official data showed, underscoring sustained investor confidence. Figures from the Dubai Land Department showed 718,160 real estate procedures were recorded during the...
  • Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia

    Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed at expanding onshore renewable energy across Asia. The partnership will consolidate both companies’ onshore solar, wind, and battery storage operations across nine countries: Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines,...
  • National Bonds reports record 2025 results as funds exceed $4.9 billion

    National Bonds said it posted its strongest annual performance in two decades, with bondholders’ funds surpassing $4.9 billion in 2025. The company said funds rose 14% year-on-year, while returns of up to 4.45% were distributed to savers. Regular savers increased 37% compared to 2024, and corporate liquidity and treasury solutions...
  • ADNOC Distribution 2025 dividend $700m

    The company had reported EBITDA of $1.17 bn in 2025.
  • AD Ports records $564 million 2025 net profit

    The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong performance across its ports, economic cities and free zones, and maritime and shipping clusters.
  • UAE real estate gains momentum on strong 2025 base as Mar sales surge

    Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction activity and record-setting transactions reinforcing its position as a global investment hub. The momentum builds on a strong 2025 performance, when Dubai recorded one of its busiest years on record,...
  • Empower okays $119.1m H2 2025 dividend

    The dividend is equivalent to 43.75% of paid-up capital.
  • 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 sector companies to assess logistics challenges and explore ways to strengthen supply chain efficiency amid shifting global conditions. The session, chaired by Dubai Chambers Chairman Sultan bin Saeed Al Mansoori,...