INSEAD Day 4 - 728x90

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.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.
  • Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve...

    Spot gold was down 0.2% at $2,023.49 per ounce, as of 0415 GMT, after stooping 1.3% in the previous session - its biggest single-day decline since 4th December 2023

    The US Dollar Index, which gauges the dollar's strength against a basket of major currencies from key US trading partners has surpassed the 103.30 level

  • It posted a 7.5% jump in net profit to US$1.18bn last year.

    The bank's basic earnings per share for the year 2023 are QAR 1.73 compared to QAR 1.62 for 2022

    Its board of directors proposed a dividend distribution to shareholders of QAR 0.725 per share

  • The growth aligns with the aims of national logistics strategy.

    Saudi Arabia's overall ports recorded a 9.01% increase in annual container handling for 2023, reaching 11,380,302 TEU compared to 10,439,620 TEU in 2022

    Transshipment containers also experienced an 8.96% increase in volume, with 3,237,490 TEU transshipped in 2023 compared to 2,971,233 TEU in 2022

  • "These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...

    Rebuilding trust and fostering global collaboration are essential to address the present challenges.

    The role of AI and digital innovation in combating misinformation and boosting productivity.

  • The internet giant will cut jobs from its global ad team.

    The jobs will be cut by the company amid a push to use artificial intelligence for efficiency and creativity

    The company made no mention of generative AI, which is disrupting many sectors including advertising.

  • GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...

    The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.

    The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.

  • WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...

    The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.

    The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."

  • DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...

    The airline is inviting fresh graduates with internships or part-time jobs on their résumés.

    It is inviting individuals keen to embark on an exciting career travelling the globe. .

  • Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...

    A French television show host Jacques Essebag, who goes by the name Arthur, is leading the suit against the Nestle subsidiary

    Nespresso, when contacted by AFP, acknowledged the lawsuit filed by ECC but said it did not comment on ongoing legal proceedings

  • Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...

    The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually

    The bulk of the counterfeiting occurred in just five EU members, with Germany, France, Italy, Spain and Austria accounting for half the yearly losses