INSEAD Day 4 - 728x90

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.

China steps up green transition drive to meet carbon-emission goals

Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...

Economy

China maintains basic balance in international payments in 2023

Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2...

Economy
Geostrategy

UNDP requests $113.5 million to support early recovery in Turkey

ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...
  • Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
  • UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.
Economy

China’s international trade in services stands at US$67.6bn in January

Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed...
  • Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion
  • Transport was the biggest services trade contributor, with a $21 billion trade volume, the data showed
Business

EDCC and Canadian Business Council sign MoU to boost defense ties

Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum...
  • The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held in Abu Dhabi
  • The agreement is expected to foster collaboration and identify new opportunities in the defence industry
Economy

UAE vows to counter money laundering and financing of terrorism

Welcoming the FATF statement recognizing the progress made in the Gulf country, the UAE has reaffirmed its commitment to advancing...
  • The UAE said it continues to implement an array of sophisticated and significant actions to combat financial crime and strengthen the effectiveness of the AML/CFT framework
  • The country reaffirmed that it will continue working concertedly to bolster its position as one of the most trusted and resilient economies worldwide
Business

Dubai Chamber of Commerce organizes UAE Corporate Tax Workshop

DUBAI,  UAE -  Dubai Chamber of Commerce organized a Corporate Tax Workshop to help participants navigate the new regime, with...
  • The workshop, attended by 152 participants, included an overview and key highlights of the new corporate tax law.
  • Corporate tax is a significant step in the UAE’s drive to modernize its tax system and accelerate economic diversification.
Science

Abu Dhabi DoH names winners of Healthcare Research and Innovation Grant

ABU DHABI, UAE  -  The Department of Health – Abu Dhabi (DoH), which regulates the healthcare sector in the emirate,...
  • The grant, launched in September 2022, received over 70 complete submissions, and the top eight were awarded a monetary prize.
  • The winners will have the opportunity to conduct clinical trials and commercialize their ideas.
Business

Egypt looks to raise US$1.5bn with sukuk at 11% yield

Cairo, Egypt--Egypt has set an initial yield of 11.625 percent for the sale of its three-year, dollar-denominated sukuk on Tuesday...
  • The sukuk will be of benchmark size or in the range of $500 million
  • Egypt’s finance minister Mohamed Maait said in December that the country was targeting between $1.5 billion and $2.5 billion from its first sovereign sukuk
Business

Dukhan Bank lists on QSE

The total number of companies now listed on QSE stands at 50.
  • The total number of companies now listed in the main market went up to 50 Qatari public companies
  • The bank's shares were listed in the banking sector category through the direct listing mechanism, a common mechanism in all regional markets
Business

UAE brings in new financing solutions for defense industries

Abu Dhabi, UAE--UAE-based SMEs in the industrial sector will soon be able to access new financing solutions and enablers following...
  • The MoU aims to attract industrial investors to strategic sectors such as defense by providing a package of incentives and benefits
  • EDB will provide flexible and competitive financing solutions such as green financing, financing capital expenditure, and financing start-ups and SMEs
Economy

UK finances post stronger surplus before key budget

London, United Kingdom--UK government finances recorded a stronger surplus than expected last month, official data showed Tuesday, news that analysts said...
  • UK borrowing soared over the year on support schemes to help the country cope with rocketing energy bills
  • The country is facing the biggest industrial action by public and private sector staff in more than a decade as they seek pay rises in line with sky-high inflation

China steps up green transition drive to meet carbon-emission goals

Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...
Economy

Company News

Latest News

UAE holds 19% of global sustainable bonds, says Fitch Ratings

DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues...
Business

Turkey FM warns of escalation in nuclear arms race

Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a...
Geostrategy

EDB pledges to expand UAE’s renewables market through easy financing

Dubai, UAE-- With its financing packages for the renewables sector to support the transition to clean and sustainable energy sources,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

UAE receives first batch of patients from Gaza to undergo medical treatment

Dubai, UAE-- At least 15 patients from Gaza arrived in the UAE to receive medical treatment in the UAE's hospitals....
  • The initiative is part of the UAE government's resolve to provide medical treatment for 1,000 children from the Gaza Strip who are in urgent need of medical care
  • The UAE has sent dozens of planes with 1,400 tonnes of food, medical, and relief supplies, to support endeavors aiming at providing relief in the Gaza Strip
Geostrategy

Bahrain and Thailand seek to boost economic cooperation

Manama, Bahrain-- Bahrain and Thailand have held discussions to enhance economic cooperation in a meeting between top officials of the...
  • The two officials took a review of the progress made in the political and economic cooperation between the two kingdoms
  • They underscored the resolve of the two countries to consolidate security and peace, and also support sustainable development goals
Economy

Abu Dhabi to host third edition of Investopia summit in February

Abu Dhabi, UAE-- The third edition of the Investopia summit will be held in Abu Dhabi in February next year,...
  • The event is expected to be graced by thousands of particpants from around the globe and locally, including investors, government officials, decision-makers, and entrepreneurs
  • The minister said that the summit is one of the important projects of the UAE in transitioning towards the new economic model and stimulating investment in future economic sectors