INSEAD Day 4 - 728x90

Middle East

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.
  • Netflix rules Mideast as rivals eye content share

    Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast as alternative sources for entertaihment.
  • Iran tightens Covid curbs as cases, deaths surge

    The Islamic republic is struggling to contain what officials have called a "fifth wave" of the virus caused by the highly infectious Delta variant
  • Delving into the future of cyber security

    With successful COVID-19 vaccination programs under way, organizations in the Middle East are hitting the ground running as they reset businesses to meet new customer demands and expectations.
  • Lincoln Middle East H1 sales rise 54%

    Lincoln is the luxury-vehicle arm of US carmaker Ford.
  • Iran’s Khamenei says halting Covid ‘urgent’ priority

    The Islamic republic's Covid cases and fatalities have surged in recent weeks, in what officials have said is a "fifth wave" caused by the highly infectious Delta variant
  • Iran records over 500 Covid deaths, hits new high

    Iran registered 39,619 new infections in the 24 hours to Sunday, taking the total since the pandemic started to 4,158,729
  • Nissan unveils new safety tech in Middle East

    The suite is called Nissan Intelligent Mobility or NIM, and is aimed at preventing automotive fatalities.
  • Middle East’s largest wind farm produces first carbon-free MWh

    The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.
  • MG Cars unveils first ever all-electric SUV in Qatar

    The electric car is capable of travelling for 335km NEDC on a single battery charge
  • Emerson to set up solar rooftop plant at Dubai head office

    This is expected to be the largest solar rooftop plant in a single location within the Jebel Ali Free Zone.
  • Kuwait aims to be the hub for electric carmakers in Middle East

    Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, making it the hub in the region.
  • Saad Toma new GM of IBM Middle East and Africa

    Toma succeeds Takreem El-Tohamy, who has been appointed GM, Global Strategic Sales.
  • China builds 1.8 km long railway tunnel in the UAE

    China has finished building the longest railway tunnel anywhere in the Middle East in the United Arab Emirates. The 1.8 kilometer long is part of the second stage of Etihad Railway.
  • Dubai-based Swvl to go public through $1.5bn SPAC deal

    The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led by women, that would result in Swvl being listed on Nasdaq.
  • Dusit debuts in Oman with 252-unit deluxe resort

    The dusitD2 Naseem Resort is the first Dusit-branded hotel in Oman 's Jabal Akhdar.
  • US arrests Trump aide Tom Barrack for being ‘agent of the UAE’

    Tom Barrack, who worked for former US President Donald Trump, was arrested on Tuesday for allegedly being an “agent of the UAE”
  • Ipsen expands into MEA with UAE headquarters

    The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
  • Audi Middle East H1 sales rise 37%

    Audi Middle East has posted a 37% increase in sales in the first half of 2021.
  • Indian vehicle ecommerce firm Cars24 enters UAE market

    Indian-origin ecommerce platforms for pre-owned vehicles, Cars24, has entered the UAE market after its foray into Australia
  • Griffith Foods and IFFCO joint venture debuts in Middle East

    Griffith Foods and the IFFCO Group are launching a joint venture in the Middle East to make and sell food ingredients
  • Major Middle Eastern operators commit to open RAN future

    Five of the largest operators in the Middle East - Etisalat Group, STC, Zain Group, Mobily, and du - have pledged to collaborate to support open Radio Access Network (RAN).
  • Middle East asset management industry grows 11% to $1.2trn

    The size of the Middle East’s asset management industry grew 11 per cent from 1.1 trillion of Assets Under Management (AuM) in 2019 to $1,2 trillion in 2020.
  • 31 percent of all Middle East travel destinations closed: UNWTO

    Digital solutions, vaccination to ease travel restrictions 29 percent of all destinations worldwide closed for international tourism About 31 percent of all travel destinations in the Middle East remain closed due to Covid-19 restrictions, a UN report said, as it expected global vaccination rollout and increased adoption of digital solutions...
  • 8 lakh millionaires in Middle East have $3.2 trillion wealth

    Across the region, the population and wealth of HNWIs witnessed a growth of 13.2% and 17.2% The number of millionaires in Saudi Arabia and the UAE has grown almost at par   The population of high net worth individuals (HNWIs) grew 6.8 percent to 0.8 million while their wealth grew...
  • Swimmable billboard in Dubai to promote swimwear collection

    The billboard is made of reinforced transparent acrylic It took a team of team of 32 people to build the structure Havas Middle East has announced the launch of the world’s first swimmable billboard in Dubai, on behalf of Adidas, which is five meters high, three meters deep and holds...
  • Covid-19 tourism losses could cut Middle East GDP by 3.1 percent: UN

    Pandemic-induced economic impact on tourism could top $4 trillion Lack of widespread vaccination in developing countries leading to mounting losses Middle East economies could face a GDP loss of up to 3.1 percent from the reduction in tourism due to pandemic while the global economic impact could top $4 trillion,...
  • Hotel revenue rises more than 200 percent in Middle East

    Data from HotStats shows hotel industry is seeing a rebound in the region The Middle East has now had 10 consecutive months of positive profit performance.     The Revenue per Available Room (RevPAR) in May has increased 222 percent year-on-year in the Middle East, reported hoteliermiddleeast.com quoting hotel benchmarking...
  • Iraq, Egypt, Jordan to boost security, economic ties

    The visits by Egypt's president and Jordan's king came as Iraq seeks to move closer to Arab allies of the US in the Middle East The summit discussed ways of bolstering cooperation between Iraq, Jordan, Egypt in the fields of security, energy, trade     Egypt, Jordan and Iraq agreed...
  • Digitalization, sustainability top priorities of Middle East consumers

    PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they have become more optimistic about the economy Accounting firm PricewaterhouseCoopers’ regional arm PwC Middle East, in a survey, claimed that consumers in the region value digitalization and sustainability the most,...
  • ‘Internet Monsters’ to raise awareness on child safety online

    The online campaign is based on classic fairytales to which modern cyber twists have been added to portray what occurs in the digital world Over 30 percent of all internet users are estimated to be children and given the expansion of broadband access, this number is only set to rise...
  • Chinese insurer opens first Middle East office in Dubai

    Office located at Dubai International Financial Centre SINOSURE is a state-funded insurance company established to promote China’s foreign economic and trade development China Export and Credit Insurance Corporation (SINOSURE) has become the first Chinese insurer to open its office at Dubai International Financial Centre (DIFC). SINOSURE is a state-funded and...
  • Bitcoin fund launches on Dubai bourse in Mideast first

    Canadian digital asset manager 3iQ Corp seeks to raise around $200m in the offering Bitcoin price slumped recently due to fresh Chinese crackdown on cryptocurrencies The Middle East's first bitcoin fund launched on the Dubai bourse on Wednesday, with Canadian digital asset manager 3iQ Corp seeking to raise around $200...
  • Middle East’s oil export to India falls

    In March, India had directed refiners to diversify crude supplies after the OPEC ignored New Delhi's call to ease supply curbs Middle East's share dropped to 52.7%, the lowest since April 2019 and down from 67.9% in April, the data showed   The tanker data provided by trade sources to...
  • Subex, Spire Solutions partner to address cyberattacks in Middle East

    The volume of inbound cyberattacks grew by 67 percent in the first 4 months of 2021  Subex's latest threat landscape report has found that segments such as oil and gas, manufacturing, and healthcare have been at the receiving end of cyberattacks  Subex and Spire Solutions, Middle East and Africa's leading...
  • KLM to fly to 7 destinations in Middle East

    KLM will fly to seven destinations in Middle East in the summer 2021 – the same number as in 2019. KLM will be offering Riyadh as a new destination, with flights departing twice a week in the summer season   As more countries reopen their borders, KLM is rebuilding its...
  • UAE Microsoft Cloud centers have a positive impact on economic growth

    A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem will spend about $2.3 billion in the data centers for services and products  Microsoft's UAE cloud data centers are having a positive impact on the economic growth, the company said...
  • US cutting forces, missile batteries in Middle East

      The move comes as President Joe Biden's administration seeks to ease tensions with Iran The US military is rapidly adjusting its global footprint as it pulls out of Afghanistan     The Pentagon said Friday it was cutting the number of troops and air defense units deployed to the...
  • Global powers to help Lebanon’s crisis-hit army

    France has led international efforts to help Lebanon The army has long been seen as one of the few institutions in Lebanon that can rally national pride and create unity World powers promised on Thursday to support Lebanon's army to prevent its collapse amid the deepest political and economic crisis...
  • New weekly container ship service to connect Cochin, Chennai ports with MENA

      The new service is jointly operated by a global shipping line --Evergreen Line, and feeder operators--Feedertech and Express Feeders The new service will further boost trade between India and UAE     Global logistics company DP World has welcomed a new weekly India South Gulf (ISG) Service at its...
  • Richard Leopold is new Bentley Regional Director for UK, Middle East, Africa, India

        Leopold replaces Sarah Simpson who leaves Bentley to join Porsche GB as CEO. The UK, Middle East, Africa and India regions consist of 38 retailers, 20 of which are in the UK Bentley Motors has announced the appointment of Richard Leopold as Regional Director for UK, Middle East,...
  • Countingwell launches operations In Middle East and Africa

    The app will be initially available in UAE, Kuwait, Oman, Qatar, Saudi Arabia, and Bahrain. Countingwell today serves schools and their students in all regions of India Illuminati Learning Solutions, an Indian EdTech startup and the company behind popular maths learning app Countingwell said Tuesday it has started its operations...
  • Middle East’s aviation sector may recover to pre-COVID size by 2023

    Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO demand to recover in 2022 Recent forecasts by the consultancy Oliver Wyman predict that the Middle East global commercial fleet is forecast to have long-term growth of 4.2 percent CAGR,...
  • Easing of restrictions triggers strong rebound in Middle East economies: ICAEW

      ICAEW-commissioned report finds business confidence in the region has strengthened Higher oil revenues give Middle East governments more scope to support post-pandemic recoveries   Middle East's regional GDP will grow by 2.4% this year, a similar rate to the region’s average growth trajectory in the last decade, and an...
  • PricewaterhouseCoopers Middle East commits to creating 6000 jobs in 5 years

      Creating an ESG Centre of Excellence in the region part of 'The New Equation' strategy  Firm announces its commitment to hire more than 500 graduates a year and train them for a strong career   Auditing, assurance and consulting firm PricewaterhouseCoopers (PwC) Middle East has said that it is...
  • Abu Dhabi most liveable city in Middle East

    The Economist Intelligence Unit's Global Liveability Index ranks 140 most liveable cities in the world Abu Dhabi's top rank attributed to the government's social and economic development The UAE capital Abu Dhabi moved up seven places in the 2021 global quality of life ranking and was named as the most...
  • Food insecurity looms in Middle East, Africa: WFP

    WFP data say 41 million people faced hunger in 20201 Half a million food insecurity cases living in conditions akin to 'starvation' in the Middle East and Africa The World Food Programme (WFP)  has reported that half a million food insecurity cases are living in conditions we56akin to “starvation” in...
  • SecuLetter webinar to introduce Korea’s cyber-security tech in Mideast

    SecuLetter, a company specializing in detecting and blocking malicious code, will highlight various strategies SecuLetter's Middle East Partner, Best IT System and 3 other companies will participate South Korean cybersecurity and malware analysis expert SecuLetter will hold the 2021 K-Security Webinar in Saudi Arabia in association with its Middle East...
  • Airline ‘travel pass’ app to go live in Mideast in weeks

    Around 60,000 people have been registered to test the system Emirates, Etihad Airways and Qatar Airways among the first to start testing the app in January The International Air Transport Association (IATA) announced Thursday its digital travel pass will “go live” in the Middle East in the coming weeks, as...
  • Air Cargo up 12% in April compared to pre-COVID levels

      Middle Eastern carriers post a 15.3% rise in international cargo volumes in April 2021 versus April 2019 African airlines' cargo demand in April strongest of all regions at 30.6 percent     Air cargo demand continued to outperform pre-COVID levels (April 2019) with demand up 12% in April 2021,...
  • Thales appoints Emmanuel de Roquefeuil as VP, ME

      Emmanuel de Roquefeuil will lead Thales operations in the Middle East He succeeds Roger Daix who takes up a new role as VP of Thales Northern and Central Europe Thales has appointed Emmanuel de Roquefeuil as Vice-President, Middle East. He will be responsible for the strategic growth of Thales...