INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

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.
  • The carmaker's net profit plunged 7% to US$3.9bn in Q3.

    The company's revenue dropped 1.4% to $39.21bn , partly because passenger car sales were around five percent lower in the quarter

    The German automaker left its outlook for 2023 unchanged, with revenue and operating profit seen at the same level as last year

  • The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users...

    Meta made a profit of $11.6 billion as ad revenue climbed 23 percent to $34 billion when compared to the same period a year earlier

    Meta shares, which closed the formal trading day down, fell more than three percent further in after-hours trades to $289.50

  • Dubai, UAE - The Arab Open Banking is expected to experience 25% annual growth over the next five years, a...

    The Arab Monetary Fund will support Arab central banks in adopting effective frameworks for Open Banking and Finance initiatives

    The report covers aspects such as data sharing, consent mechanisms, data security, identification of regulated Third Party Providers

  • The bank's operating income rose 23% to US$3.32 billion.

    The bank said that net interest income rose 8% to $865 million QoQ and 24% YoY while non-interest income of $285 million declined 7% QoQ

    Its CEO said the bank delivered strong growth in the first nine months of the year, with net loan climbing by10% i and sound growth in CASA deposits

  • The firm trims full-year forecast for deliveries of the 737.

    The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion

    The latest issue with the 737 is the result of misshapen holes drilled in a part of the fuselage that helps maintain plane pressure.

  • Abu Dhabi, UAE -- UAE banks' investments surpassed AED 580 billion, hitting a record high in August 2023, according to...

    Banks investments also increased by AED 58 billion or 11 percent year-to-date compared to AED 527.4 billion at the end of 2022.

    Bonds held until maturity accounted for the largest share of bank investments at 47 percent, reaching AED 276 billion at the end of August 2023.

  • They will deploy AI in Thuraya and Yahsat satellites

    nybl provides various AI and ML sector-specific modules, including Oil and Gas, Security and Surveillance, with robust support for ESG.

    Under the MoU, both parties will focus on testing, certifying, and enabling the nybl platform over Thuraya and Yahsat satellites.

  • Tech giant Microsoft said Tuesday its profits rose in the latest quarter, boosted by its strength in the closely watched...

    Microsoft saw its shares rise more than 3 percent to $341.11 on earnings that underscored the momentum of its cloud business

    Alphabet reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services

  • Its net profit for the third quarter dropped to US$1.09bn.

    The bank launched a new effort earlier this year to cut costs and focus on its core strengths

    Its chief executive said the bank has "materially improved capital outlook" thanks to strong results

  • The listing of shares on ADX is set for November 17.

    According to the company, the subscription will be open from November 2 to November 9, 2023

    It plans to offer 321,500,000 new shares while 321,500,000 shares will be sold by selling shareholder, Investcorp S.A