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.
  • BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...

    The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.

    US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.

  • Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...

    Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production

    The shock reduction, unveiled  Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year

  • Riyadh, Saudi Arabia --  The Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with GE whereby...

    Under the pact, initiatives will be launched to support and empower entrepreneurs and SMEs

    The company is also keen to boost its partnerships with major global manufacturers and companies

  • Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant...

    The bank said it could not publish its audited 2022 results in the absence of its chairman having gone missing

    Bao Fan, the group's billionaire chairman and executive director, is among the latest high-profile financiers to fall foul of the authorities

  • The New York Times was among news media companies, firms and charities that had already lost their blue tick and...

    The New York Times said it would not pay for a verified business account and would subscribe for a blue tick only for journalists

    As of Sunday, the organization's main account, with nearly 55 million followers, had lost its gold checkmark

  • The company announced Earnings Per Share of 10.1 fils.

    The company also announced an Earnings Per Share of 10.1 fils for the last year, compared to an EPS of 112.2 fils in 2021

    Its operating revenue came in at $85 million for the year ending December 31, 2022, compared to $106 million in 2021

  • Baghdad, Iraq--Iraqi oil ministry has affirmed the federal government's keenness on speeding up the resumption of the Kurdistan region of...

    The ministry stressed the importance of resuming oil exports in the wake of the decision by the international court, and resolution of "technical issues"

    It also highlighted the significance of revenues in supplying the federal budget as per the agreed quantities, saying that it expressed all of this in bilateral meetings

  • The pandemic changed tourist preferences, with greater interest in local travel, nature destinations, and wellness tourism. It also heightened awareness...

    Tourism is beginning to rebound as restrictions implemented in response to the COVID-19 pandemic have been lifted, says an OECD report

    The post-lockdown reopening of China will serve to counterbalance and provide a necessary economic boost for the region, it predicts

  • Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...

    Russia, a member of OPEC+, said it was also extending its cuts of 500,000 bpd to the end of this year, calling it "a responsible and preventive action".

    The cuts were announced despite calls from the US to raise production as consumption rises and as China, the world's biggest oil consumer, reopens after its Covid shutdown.

  • The investment was announced during Investopia 2023.

    'Smart Clinics', which was hailed as one of the key outcomes of the conference, is a new concept in the healthcare sector that focuses on improving life quality.

    Gruppo San Donato, a private hospital group in Italy, and UAE Ministry of Economy, are part of an MoU for the Smart Clinics program.