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.
  • This marks 16% increase compared to the same period last year.

    The company's focus on market-leading underwriting and investment performance resulted in a net profit of AED 301.9 million

    ADNIC's recently announced its intent to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Co

  • Dubai, UAE -- EDGE, one of the world's leading advanced technology and defense groups, announced that it bagged an AED...

    EDGE entity LAHAB DEFENCE SYSTEMS, the UAE’s sole munitions manufacturer, was awarded the contract.

    It includes the production and delivery of the MK 81, MK 82, MK 83, and MK 84 general-purpose aircraft munitions.

  • Latest generation Safran Seats for new Emirates Airbus fleet part of the deal.

    The new seats will offer a host of enhancements that set a new standard for comfort, privacy and convenience.

    Safran Landing Systems will be supplying high performance wheels and carbon brakes for the Emirates A350 fleet.

  • RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) and CMA CGM launched on Wednesday a new logistics park at...

    The new logistics park will offer solutions and integrated environmental services and systems.

    It will offer an export center, storage and sorting services and refrigerated storage services.

  • Riyadh, Saudi Arabia -- Saudi Arabia's consumer price index experienced a slight decrease in October, dropping to 1.6 percent from...

    The General Authority for Statistics reported that this decrease in inflation was primarily due to a 0.8 percent reduction in personal goods and services expenses.

    The prices for furnishings and household equipment saw a monthly decline of 0.3 percent, alongside a similar decrease in clothing and footwear expenses.

  • DUBAI, UAE – Tawazun Council announced the signing of 11 deals, worth US$1.8 billion (AED 6.9 billion), with local and...

    The biggest contract- worth US$898 million was awarded to a company to procure an air defense system.

    The second largest local contract, worth US$200 million was signed for aircraft maintenance services.

  • The company's third-quarter revenue grew by 8% to $5.80 billion.

    Net income for the quarter increased by 13 percent quarter-on-quarter (Q-o-Q) to $1.116 billion.

    ADNOC Gas expects to pay its inaugural interim cash dividend of $1.625 billion with payments commencing on 14 December 2023.

  • Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic,...

    It forecasts annual passenger traffic at Dubai International (DXB) to touch 86.8 million, crossing 2019 traffic, propelled by strong growth

    Some 23m passengers passed through the airport in Q3, taking the total traffic for the first nine months of the year to 64.5m passengers

  • Tehran, Iran-- Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its...

    The Iranian minister said feasibility studies for connecting power grids have been conducted through three routes including Georgia, Azerbaijan, and Turkmenistan

    He said the use of electricity in Iran’s industrial sector has exceeded that of the household sector for the first time in the history of the country’s power industry

  • In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will...

    Snapchat-parent Snap shares shot up more than 7 percent on the news, ending the formal trading day at $12.15 per share

    Snap and Amazon last year unveiled a collaboration that let Snapchat users "try on" eyeglasses using AR then buy those they liked at Amazon