INSEAD Day 4 - 728x90

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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.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.
  • By pairing sovereign capital with frictionless regulation, Doha reversed the startup playbook, attracting investors and founders first, then letting an ecosystem form around them naturally
  • Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov

    PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the Israeli-Palestinian conflict, with Moscow and Ankara staying in touch on the issue, Russian Foreign Minister Sergey Lavrov said here. "We are ready to discuss any constructive proposals. The said initiative...
  • Israel-Gaza conflict won’t impact Riyadh FII summit outcome: CEO

    Riyadh, Saudi Arabia -- The tragic developments in Gaza won't have a huge impact on the overall outcome of the FII summit in Riyadh, according to the CEO of the FII Institute Richard Attias. In a virtual press conference, Attias said the seventh Future Investment Initiative (FII) will be very...
  • Women break barriers for gender equality in finance

    This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women as role models and offering mentorship and learning opportunities, we can dismantle barriers and empower women to thrive in this industry, adds the Chief People and Intellectual Capital Officer of...
  • Egypt to open Gaza crossing for up to 20 aid trucks: Joe Biden

    US president said the aid convoy would be allowed to go into Gaza from the Rafah crossing in a first batch of humanitarian aid. According to him, the shipment would likely not cross until Friday as the road at the crossing needed repairs. It became possible only after Egypt's president...
  • Biden backs Israel account of Gaza hospital strike, denounces Hamas

    In announcing Biden's visit, Secretary of State Antony Blinken said that Israel had agreed to work with the United States on a plan to let aid into Gaza, which has been besieged and bombarded for 12 days and under an Israeli blockade for 16 years. Israel is threatening a ground...
  • Israel to allow food, water and medicine only in Gaza via Egypt

    "In light of (US) President (Joe) Biden's demand, Israel would not foil the supply of humanitarian aid via Egypt," the prime minister's office said, announcing a cabinet decision. The statement noted that aid to civilians in the southern Gaza Strip would be allowed "so long as these supplies do not...
  • US vetoes UN resolution seeking ‘humanitarian pause’ in Gaza conflict

    "The United States is disappointed this resolution made no mention of Israel's rights of self-defense," US Ambassador to the UN Linda Thomas-Greenfield said after the vote. The resolution said the Council "firmly condemns all violence and hostilities against civilians and all acts of terrorism."
  • UN chief slams ‘collective punishment’ of Palestinians

    Antonio Guterres, speaking at an economic forum in China, condemned the October 7 Hamas attacks on Israel that killed more than 1,400 people as "acts of terror" that could not be justified. "But those attacks cannot justify the collective punishment of the Palestinian people," Guterres said. He urged Israel to...
  • UAE champions multilateral trade, says WTO economist

    "The Gulf country is set to host the WTO's 13th Ministerial Conference in the first quarter of 2024 in Abu Dhabi. This event will position the UAE at the epicenter of discussions shaping global trade's future. Ossa underscored that this conference ranks among the most significant events in the WTO's...
  • Outrage, condemnation over deadly Gaza hospital strike as Russia, UAE call for UNSC meeting

    The 57-member Organisation of Islamic Cooperation denounces Israel's backers for granting the country "impunity in its war in Gaza, taking advantage of the double standards that provide cover for the occupying power".
  • Neighboring nations fear repercussions of Gaza conflict

    As Israel advises around 1.1 million residents of northern Gaza Strip to evacuate, concerns grow about the potential ripple effects on neighboring Lebanon, Jordan and Egypt.
  • Israel bombs hospital in Gaza, hundreds killed: Health Ministry

    The health ministry of the besieged enclave said between 200 and 300 people displaced by 10 days of heavy bombardment were killed in "occupation (Israeli) strikes" at the Ahli Arab hospital in cental Gaza. "Hundreds of victims are still under the rubble," a statement said, calling it a "war crime".
  • Desperation grows for Gazans seeking respite from Israeli storm

    Amira, 44, and her children have moved to the courtyard of the Nasser hospital in the southern district of Khan Yunis. "Our bodies itch all over. It has been a week since we could take a shower," she told AFP as she prepared sandwiches for her children with some loaves...
  • ‘Qatar prioritizes fiscal control to sustain growth’

    "Factors such as robust fiscal discipline supported by strong oil prices, debt reduction efforts by the Ministry of Finance, and improved macroeconomic indicators due to structural reforms have led to positive sovereign credit ratings for Qatar by international credit rating agencies,” he adds.
  • Iran warns of ‘action’ against Israel by ‘resistance axis’

    Iran's Foreign Minister Hossein Amir-Abdollahian warned in a live broadcast to state TV of the possibility of pre-emptive action by the resistance axis in "in the coming hours" while Israel prepares to invade the Gaza Strip. Tehran has repeatedly warned that invasion of Gaza would be met with a response...
  • Biden to visit Israel, will also meet King Abdullah II, Sisi, Abbas in Jordan

    Biden will visit Tel Aviv, National Security Council spokesman John Kirby said in Washington. He also announced that Biden would travel to Jordan where he would meet Jordanian King Abdullah II, Palestinian leader Mahmud Abbas and Egyptian President Abdel Fattah al-Sisi. Blinken said that the United States also secured assurances...
  • Security risks hit gas flow amidst Israel-Hamas row

    Israeli decision to suspend gas supply from Tamar field due to security concerns affects energy and gas sector, resulting in weekly losses of hundreds of millions of dollars.
  • WHO says only 24 hours for aid to enter Gaza before catastrophe

    If aid is not allowed into the besieged territory, doctors will have to "prepare death certificates for their patients," WHO regional director for the eastern Mediterranean, Ahmed al-Mandhari told AFP. Monday marked 10 days of relentless Israeli air strikes on targets in the Palestinian enclave, in retaliation for an October...
  • Iran says time running out for political solution in Gaza war

    TEHRAN, IRAN - Iran on Monday said time was running short to reach a political solution in the Israel-Gaza conflict, warning of the "possibility of expanding the scope of war and conflict to other fronts". Israel declared war on the Palestinian group Hamas a day after waves of its fighters broke...
  • China prepares for BRI summit under shadow of Israel-Gaza war

    At the top of the invitation list to China's Belt and Road Initiative forum is Russia's President Vladimir Putin, on his first trip to a major global power since the Ukraine invasion threw his regime into international isolation.
  • Tokyo shares tumble on concern war in Palestine may escalate

    Chip-testing equipment maker Advantest sank 4.79 percent to 4,351 yen and chip-making equipment manufacturer Tokyo Electron gave up 3.84 percent to 20,395 yen. High-tech investor SoftBank Group fell 2.04 percent at 6,375 yen, Sony Group dropped 1.87 percent to 12,610 yen and Panasonic dived 3.18 percent to 1,565.5 yen.
  • Muslim boy killed in US attack linked to Israel-Hamas war

    Detectives were able to determine that both victims in this brutal attack were targeted by the suspect due to them being Muslim, the sheriff's office said. US President Joe Biden said that the Palestinian Muslim family came to America seeking "what we all seek -- a refuge to live, learn,...
  • Gulf Common Market aims for economic unity by 2025

    The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between Gulf countries through joint economic action.
  • Iran president warns of escalation in war in Palestine

    Tehran, Iran-- President of Iran, Ebrahim Raisi, has warned of an escalation in the war in Palestine if in his worlds the Zionist regime of Israel doesn't stop the killing of the people of Gaza and end the blockade of the enclave. He made the remarks in a phone call...
  • Biden says Israeli occupation of Gaza would be ‘big mistake’

    Israel, seeking vengeance for an attack by Hamas on October 7, has declared war on the militant group, launching a relentless bombing campaign and warning more than a million people in northern Gaza to move south ahead of the operation. Asked by CBS news program 60 Minutes if he would...
  • One million Gazans flee as Israel readies for ground attack

    Following an Israeli order to move to the south of the Gaza Strip, people have fled their homes in the north of the enclave to seek shelter wherever they can, including on the streets and in UN-run schools. Palestinians carrying whatever belongings they can, in bags and suitcases, or packed...
  • Israel-Gaza conflict creates global economic ripples

    As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with its neighbors hangs in the balance.
  • Non-oil revenue boost shows GCC’s financial wisdom

    The GCC nations exemplify financial prudence. Their continuous efforts to boost non-oil revenues, reform tax policies, and modernize and digitize global finances have fortified their financial standing and ensured robust financial and external buffers," Albudaiwi emphasizes.
  • Expelling Gazans from their homes non-starter: Blinken

    As Israeli politicians look to expel Palestinians from the Gaza Strip into neighbouring Egypt, US Secretary of State Antony Blinken has categorically rejected the idea, saying they should be able to stay as Israel battles Hamas. Blinken is on a crisis tour of the Middle East after Hamas fighters attacked...
  • Israel-Gaza conflict creates global economic ripples

    As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with its neighbors hangs in the balance.
  • Gaza becomes a dangerous ground for journalists

    Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of ensuring their safety.
  • Collaboration crucial for renewable energy transition

    "World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and investing in clean and renewable energy sources through a just and responsible energy transition, and leveraging advanced technologies to combat the effects of climate change," Ghobash adds.
  • Protesters in New York call for a ‘free Palestine’

    Calling for an end to "Israeli occupation" and the "liberation" of the Palestinian territories, protesters took up multiple blocks in a city that serves as a crossroads for religions and nationalities spanning the world. The largely youthful protest -- which drew demonstrators of all origins, some sporting Palestinian flags and...
  • Need to end charging infrastructure bias as EVs rise

    "Convenient and affordable charging primarily benefits private homeowners who can easily install EV charging equipment on their property and use it to charge their vehicles securely and conveniently overnight. The path forward is clear: We need more chargers, and they need to be accessible to everyone," she adds.
  • Pro-business policies make UAE global investment hub

    "While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable development, renewable energy, and the blue economy," she adds while sharing her optimism for the World Investment Forum (WIF) in Abu Dhabi, scheduled between October 16 and 20, 2023.
  • ‘Qatar is a role model in security, sustainable tourism’

    "The country's experience in securing the FIFA World Cup Qatar 2022 was noteworthy. The nation's success in this significant challenge has inspired other regional countries to host, organize, and secure major events. Moreover, developed nations have benefited from the security standards that Qatar established during the tournament," he adds.
  • UAE helps in shaping future of international archiving

    "With the ICA's theme, 'Enriching Knowledge Societies,' we're poised to delve into myriad topics, including the pivotal role of artificial intelligence (AI) in archiving and record-keeping," she adds while expressing eagerness to explore AI's impact on their work and to foster collaborative strategies for the profession's future.
  • Saudi Arabia explores carbon capture, storage potential

    “Achieving success in this area will benefit everyone and align with the goals of the Paris Climate Agreement,” he adds while attending the ministerial panel titled "Advancing Inclusivity and Circularity for Just and Equitable Energy Transitions" during the inaugural day of the Middle East and North Africa Climate Week 2023.
  • Qatar becomes an important global event destination

    "Qatar Tourism takes pride in organizing and hosting successful exhibitions across diverse sectors. These events underscore Qatar's capacity to harness its state-of-the-art infrastructure, fostering a secure, efficient, and vibrant community while delivering a captivating experience for travelers," he adds.
  • Innovative solutions crucial to deal with challenges

    "From 2021 to 2022, Saudi exports to Portugal jumped by 50 percent, and imports from Portugal rose by nearly 40 percent, resulting in a trade volume of $1 billion. This emphasizes the potential for increased collaboration between the two countries," adds Saudi Arabia's Minister of Economy and Planning Faisal F....
  • ‘Qatar remains committed to curb financial crimes’

    The Gulf country "remains commitment to international strategies and plans targeting financial crime. In 2023, FATF completed its evaluation of Qatar's anti-money laundering and counter-terrorism financing system, where Qatar achieved significant success," adds Sheikh Ahmed.
  • Masdar City, ADAFZ sign MoU

    The two free zones will collaborate to grow businesses.
  • Rise in EVs drives Middle East toward greener future

    A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth TRENDS report reveals.
  • Growing IT outlays intensify MENA’s transformation

    The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth, and device spending recovering post-2023 decline.
  • Knowledge, innovation drive UAE’s economic strategy

    "Today, the UAE is recognized as a leader in new economy sectors, including renewable energy, fintech, artificial intelligence, the fourth industrial revolution, entrepreneurship, and space," Al Marri adds, highlighting Emirati astronaut Sultan Al Neyadi’s recent space mission as a testament to the country's advancements.
  • Global economic concerns hit GCC equity performance

    Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and Qatari markets resisted the trend.
  • ‘Cooperation key in establishing global work agenda’

    "The Summit acts as a nexus, uniting government officials, international organizations, business magnates, community institutions, scholars, and innovators. This collective aims to set trends, foresee changes, and proactively tackle challenges with innovative solutions," Al Olama adds.
  • Saudi Arabia, Pakistan ink pact on digital transformation, innovation

    RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday to expand bilateral cooperation in communications and information technology by accelerating digital transformation, promoting innovation and developing digital infrastructure. Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah Alswaha...
  • Aerial taxis to help Dubai fly high in air mobility

    "The challenges in air mobility are posed by weather conditions. Leveraging data and insights from past experiences, strategies have been developed to improve and adapt air mobility to achieve various goals such as delivering top operational efficiency and providing passengers with benefits like record transit times to their destinations," he...
  • At $75bn, Saudi defense budget beats several European countries in 2022

    Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75 billion. This surpassed many European nations, emphasizing the strategic defense priorities of Middle Eastern countries amidst global powerhouses. Qatar's military expenditure, meanwhile, reached $15.4 billion last year, ranking close to...