INSEAD Day 4 - 728x90

UAE

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, announced the successful completion of the May 2025 auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to...
  • UAE leads MENA region in crowdsourcing industry

    Depending on the diversity of the information provided, crowdsourcing becomes a tool for growth and advancement in today’s modern era, Toubia said
  • Equipment, vaccine donations help Tunisia battle Covid-19

    With 1.4 daily deaths per 100,000 population, Tunisia is second-worst globally on this metric after Namibia
  • Africa Oil Week temporarily moved to Dubai for 2021 edition

    The Hyve Group will shift Africa Oil Week 2021 to Dubai from the usual venue of Cape Town in South Africa.
  • Three die, 1,521 test Covid positive in UAE

    Despite being proactive on vaccination and testing, the UAE's death count from Covid-19-related complications go up to 1,913 and the total caseload increases to 668,601. 
  • Saudi Arabia, UAE deny Pegasus spyware allegations

    Saudi Arabia and the United Arab Emirates have dismissed allegations they used Israeli-supplied Pegasus malware to spy on journalists and human rights activists.
  • UAE is using drones to zap clouds and create rain

    The UAE is making rainfall using drone technology to hit clouds with electricity to combat high temperatures
  • Sharjah date festival to have prizes worth $408k this year

    The fifth edition of the Al Dhaid Date Festival will start on Thursday with prizes worth AED1.5 million (around $408,300)
  • 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”
  • Hugh Fraser forms new alliances in UAE, Egypt

    Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.
  • UAE sends 300,000 COVID-19 vaccine doses to Comoros

    The UAE has sent 300,000 doses of the Covid-19 vaccine and 9 tons of medical supplies to Comoros
  • EHS launches Risk Management & Patient Safety smart system

    The Emirates Health Services has covered 17 hospitals and 73 primary healthcare centers across the UAE with its smart system
  • Emirates Mars Mission marks first anniversary, to study Mars’ aurorae now

    Hope is following its planned 20,000 – 43,000 km elliptical science orbit, with an inclination to Mars of 25 degrees and will complete one orbit of the planet every 55 hours
  • UAE, Saudi leaders meet after rift over oil policy

    Two key leaders of Saudi Arabia and the United Arab Emirates met in Riyadh on Monday, emphasizing the ties between the neighbors after a public row over oil policy.
  • Trade between UAE, Bahrain vaults 75% to $672 million in Q2

    Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed by Kuwait, which recorded $99 million in bilateral trade in Q2 There has been an unexpected surge in trade between the United Arab Emirates (UAE) and Bahrain in the second...
  • UAE at Tashkent conference: infrastructure key driver for investment

    UAE energy and infrastructure minister Suhail bin Mohammed Al Mazrouei praises Uzbekistan for attracting investment and developing the country's infrastructure
  • UAE’s forward-looking vision to contain pandemic

    With a long-term forward-looking vision, the UAE continues its efforts to combat the spread of the COVID-19 variant, with the Ministry of Health and Prevention announcing the adoption of one of the most important modern pharmaceutical drugs that have proven its efficacy in treating the virus so that the country...
  • Deadlock ends: Top oil producers agree on modest output boost

    The OPEC+ meeting on Sunday agreed to raise output by 400,000 barrels per day (bpd) each month from August to help fuel a global economic recovery as the pandemic eases.
  • Ipsen expands into MEA with UAE headquarters

    The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
  • Versace opens new boutique at Galleria Al Maryah Island

    Versace has opened a boutique at the Galleria Al Maryah Island, where it will showcase the Pre-Fall 2021 collection
  • 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
  • Partial lockdown in Abu Dhabi on July 19 to carry out sanitation program

    The lockdown will come into effect at midnight and will go on until 5 am The movement of traffic and the public will be restricted and there will be no transportation services   There will be a partial lockdown in Abu Dhabi on July 19 in order to carry out...
  • GCC sees $27bn worth of hotel projects lined up

    The GCC has hotel investments worth $27 billion in the pipeline, said the Arabian & African Hospitality Investment Conference (AHIC)
  • UAE, Hungary sign agreement to boost economic cooperation, investment protection

    The pact aims at securing a comprehensive balance between rights and obligations between investors and the host country
  • ENOC’s world-first eLink Station: can be relocated, saves space and time

    The eLink Station is fully sustainable and includes vapour recovery systems to reduce emissions while loading from storage tanks. It is powered by biodiesel, features LED digital screens and lighting, and is equipped with a smart meter.
  • OPEC+ deliberations still on but not supply deal yet: UAE

    With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to rise by another 3.3 mbd in the three months The UAE’s deliberations with OPEC+ regarding its position on an extension of an oil supply deal are still underway, the Gulf...
  • Saudi, UAE reach deal over oil output quotas

    Major OPEC producers Saudi Arabia and the United Arab Emirates have reached a compromise in a standoff over crude output quotas.
  • UAE opens embassy in Tel Aviv in latest normalization move

    The UAE opened an embassy in Israel on Wednesday in Tel Aviv's new stock exchange building as part of the latest normalization move under a deal brokered by Washington last year.
  • UAE to launch digital currency within five years

    The United Arab Emirates will launch its first digital currency by 2026, the central bank of the country said on Monday.
  • Mercenaries: The sinister export from Colombia’s conflict

    Some 26 Colombians have been accused of taking part in the pre-dawn murder of president Jovenel Moise Participation of Colombian mercenaries highlights the lucrative transnational mercenary market Some fight in Yemen or Afghanistan, others guard oil pipelines in the United Arab Emirates; and yet more turned up in Haiti this...
  • Fuelling troubles: Row puts Gulf powers on diverging paths

    A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who are competing to profit from what may be the world's last oil boom. Wrinkles in relationships between the Gulf states are usually resolved behind palace walls, but a fiery debate...
  • Pakistan imports goods worth $10.6 b from four GCC countries

    Imports from UAE $6.2 billion compared to $5.9 billion last year The highest increase in imports recorded from Saudi Arabia Pakistan’s imports from four GCC countries were nearly $10.6 billion during the first 11 months of 2020-21, a report said. The country's imports from UAE were worth nearly $6.2 billion...
  • UAE consumers prefer online motor insurance

    74% of the customers buy car insurance online in the UAE More than 90% of the consumers review car insurance offers online A large number of motorists in the UAE prefer to buy car insurance online, according to a survey. Insurance aggregator Policybazaar.ae has said that 74 percent of the...
  • Disagreement between UAE, Saudi Arabia hobbles OPEC

    The UAE on Sunday pushed back against a plan by the OPEC+ group to extend a pact to cut oil production beyond April 2022 There are concerns that if an agreement among the 23 member-states cannot be reached, the alliance could break apart The disagreement between Saudi Arabia and the...
  • UAE most vaccinated nation, overtakes Seychelles

    72.1 percent of the population fully vaccinated   UAE has approved emergency registration of Moderna's vaccine to combat variants By inoculating more than 72.1 percent of the country's population, the UAE has become the world's most fully vaccinated country, overtaking Seychelles to rank number one in terms of total doses administered...
  • Covid-19 variant: Saudi suspends UAE flights

    The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad The UAE  is a key leisure destination for Saudis. Saudi Arabia has suspended flights to the UAE, Ethiopia and Vietnam, including the neighbouring United Arab Emirates, to protect against "a mutated strain of the...
  • UAE says it supports oil production increase in Aug

    Seeks the OPEC+ decision to extend global supply pact deferred to another meeting OPEC's Joint Ministerial Monitoring Committee (JMMC) makes production hike conditional to the extension of the agreement   The UAE said on Sunday it supports an increase in oil production in August and proposed that OPEC+'s decision on...
  • 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...
  • Emiratis can’t travel to 14 countries on UAE’s no-go list

    Many individuals such as diplomatic missions exempted Cases of Delta variant have been found in many countries Seeking to keep out the new dangerous variants of the coronavirus, the UAE government would not allow citizens to travel to 14 countries on its no-go list. The no-go countries – India, Pakistan,...
  • Saudi Arabia forbids travel to and from UAE, Ethiopia, Vietnam

    Ban to ensure the variant is kept out of the kingdom All travelers to the kingdom will have to undergo quarantine Alarmed at the outbreak of more infectious variants of the coronavirus in the world, and its neighborhood, Saudi authorities are banning travel, without prior permission, to and from the...
  • Saudi suspends UAE flights due to virus variant

    Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more...
  • 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...
  • Oil-producing countries postpone decision on output increase

    UAE objects to extending of cuts to the end of 2022 as it seeks to grow production Members consider whether to continue reviving crude supplies gradually Major oil-producing countries on Thursday failed to agree to boost output in August to meet growing demand and limit recent price rises, adjourning their...
  • UAE starts issuing work permits for Golden Residency holders

    The Golden Residency program is a long-term residence visa the UAE started in 2019 for foreign nationals who want to live, work and study in the country without a national sponsor It also gives foreign entrepreneurs 100% ownership of their business on the UAE mainland The UAE has started issuing...
  • UAE launches work permits for Golden Residency holders

    Golden Residency visa was created last year for professionals, specialized degree holders HR ministry lays down criteria for work permits The UAE government has said it will start issuing work permits for Golden Residency holders. Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum had in November 2020 announced that the UAE...
  • UAE, Austria sign deal to spare tax payers of double taxation

      The agreement was previously signed between the two countries in September 2003 Both parties aim to avoid double taxation without creating opportunities for non-compliance with the tax system In order to remove all the impediments on the path of trade and investment between the two countries, the United Arab...
  • UAE extends ban on flights from India, 13 other countries

    A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services to and from 14 countries including India till July 21 in view of the Covid second wave. In India, the expats have been affected badly following the suspension of regular...
  • Pfizer-Biotech vaccine considered safest by UAE, Saudi residents

     Pfizer jab more likely to be trusted by 25-34 age group adults AstraZeneca vaccine considered second safest vaccine in both countries Dubai: Most residents of the UAE and Saudi Arabia believe the Pfizer-Biotech vaccine is the safest among the available Covid-19 vaccines, according to a study by market research firm,...
  • UAE and Israel to sign more cooperation deals

    The two countries normalized ties last year Israeli foreign minister calls new consulate a 'center of cooperation' The United Arab Emirates and Israel are going to sign more cooperation deals in the future, according to the visiting Israeli foreign minister Yasir Lapid, who is in the UAE on a landmark...
  • UAE, France team up for research and development in nuclear energy

    Exploring the product of green hydrogen powered by carbon-free nuclear energy part of the deal French company EDF owns the largest nuclear fleet worldwide   In keeping with the United Arab Emirates’ pursuit of clean electricity, and its plan to tackle climate change, it has signed an agreement with France...
  • Aries Group to make dowry-takers leave, face legal action

    The group had announced anti-dowry policy on International Women’s Day The clause incorporated in the employment contract Any employee of multinational conglomerate Aries Group who accepts or gives dowry will have to leave the company and face legal actions, local reports on Wednesday, June 30, quoted the group as saying....