INSEAD Day 4 - 728x90

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.
  • Dubai, UAE-- The UAE and Costa Rica have concluded negotiations to sign a comprehensive economic partnership agreement. In this connection,...

    The two countries will eliminate tariffs, reduce barriers to trade, promote private-sector collaboration and create pathways for investment

    Non-oil trade between the UAE and Costa Rica has been growing consistently year-on-year, climbing 23% in 2022 to reach US$60.4 million

  • NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...

    Aquellum is hidden within a breathtaking 450-meter-high mountain range.

    The subterranean digitalized community creates vibrancy and interconnectivity.

  • RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...

    The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.

    A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

  • Its net profit fell 7.29% Y-o-Y in the three months to December.

    It reported a decline in profit for the October-December quarter, and revised its revenue growth guidance to 1.5-2.0 percent in constant currency terms

    A big employer of India's engineering graduates, the company upset markets last quarter after it said it would halt campus hiring in an effort to cut costs

  • Oman emerges top performer in the GCC region.

    Saudi Arabia with 59 percent and United Arab Emirates with 31 percent growth were the other top performers.

    Siniya Island Resorts, a luxurious property in Dubai, was one of the most preferred destinations for new year celebrations.

  • Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...

    Total sales contracts for residential units in the Real Estate Bulletin for the same period were QR 19.38 million.

    Real estate properties traded for sale has included vacant lands, houses, residential buildings and commercial buildings.

  • Cairo, Egypt -- The Egyptian government signed an agreement yesterday with a consortium led by the Saudi company ACWA Power...

    This wind energy production project in the Middle East in Egypt will be the largest in the Middle East.

    With investments reaching up to $1.5 billion, the project will be established in the Gulf of Suez and Jebel El-Zeit regions, boasting a capacity of 1.1 gigawatts.

  • Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...

    The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.

    The commission determined that Google abused its dominant position by favoring its own Google Shopping service.

  • The two-year agreement is worth AED 160 million ($43.56 million).

    Under the two-year agreement, Borouge will provide advanced infrastructure solutions to NAFFCO for various infrastructure projects across the region.

    The Guggenheim Museum, the Riyadh city project, Mohamed bin Zayed City and the Yas Island Development Project are some of the projects.

  • ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps,...

    The allocation sees 76 percent directed towards dedicated Islamic investors and 38 percent towards international counterparts.

    The 1.9x oversubscribed order book represented high-quality investors, including international fund managers, supranational and banks.