INSEAD-Day

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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.

UAE meets 42% of Japan’s crude oil needs in July

The UAE secured 42 percent of Japan's crude oil needs in July. AFP/File
  • Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries
  • Saudi Arabia contributed 28.47 million barrels, which is 35.1 percent of the Japanese crude needs

The UAE secured 42 percent of Japan’s crude oil needs in July, which is equal to 33.99 million barrels, according to the Agency for Natural Resources and Energy in Tokyo.

The agency, part of the Japanese Ministry of Economy, Trade and Industry, stated that Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries.

Saudi Arabia came second, meeting 35.1 percent of the Japanese crude needs, or 28.47 million barrels.