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.
  • A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set...

    Media reports said the lifestyle hotels will enhance promising sector-leading opportunities in various tourist destinations within the kingdom.

    The projects are expected to provide around 2,000 hotel rooms and training opportunities for Saudi nationals.

  • Netflix reported losing subscribers for the second quarter in a row Tuesday as the streaming giant battles fierce competition and...

    Netflix shares were up slightly in after-market trades a sign that investors were remaining faithful

    Netflix opted to develop the lower-cost offering after a disappointing first quarter in which it lost subscribers for the first time in a decade

  • Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half...

    MAGNiTT, a venture data platform, said that the Kingdom saw 79 deals in H1 2022, an increase of 36 percent compared to H1 2021

    Fintech had the highest number of transactions with 17 deals, followed by logistics which had 12 deals, and e-commerce with eight deals, in H1 2022

  • The sales volume in the fish section of the soup during the six month period reached 2,086 tonnes, while volume...

    The sales volume in the fish section of the soup during the six month period reached 2,086 tonnes, while volume of sales of fruits and vegetables was 2,711 tonnes

    The market comprises 260 shops divided into three parts: the vegetables and fruits, meat and fresh fish section

  • Tokyo stocks opened higher on Wednesday as investors took heart from US rallies and other positive factors while awaiting a...

    The benchmark Nikkei 225 index was up 1.27 percent, or 341.12 points, at 27,302.80 in early trade, while the broader Topix index advanced 1.29 percent

    The dollar fetched 138.16 yen in early Asian trade, against 138.21 yen in New York late Tuesday

  • The US planemaker will manufacture 66 MAX aircraft.

    The deal comprises a firm order for 30 medium-haul single-aisle 737 MAX-8-200s plus options to purchase up to 36 more from the same family.

    The MAX jet suffered two deadly crashes in 2018 and 2019, but is experiencing a rush of interest at this year's Farnborough, southwest of London.

  • Dubai issued 45,653 new business licenses in the first half (H1) of 2022, registering a growth of 25 percent compared...

    Dubai issued 45,653 new business licenses in the first half (H1) of 2022, a growth of 25 percent compared to the same period last year

    The numbers reaffirm the success of the government's innovative new strategic approaches and policy amendments

  • The assembly will host more than 300 global experts, policymakers, thought leaders, and decision-makers from more than 40 organizations.

    The global event brings together regional and international experts in Dubai to shape the future of the metaverse.

    It explores how technology can be deployed across vital sectors to create better future and quality of life for humanity.

  • The Group will pay a half-year dividend of 10 fils per share.

    Data Revenue grew 3 percent to represent 40 percent of Group Revenue for H1. Kuwait, KSA and Sudan record double-digit growth in revenue and net profit.

    The Group said it recorded 21 percent revenue growth in Enterprise business, as ZainTech enters many strategic partnerships.

  • Investments in Saudi startups grew by 244 percent to a record high of SAR 2.19 billion ($584 million) in the...

    In fact, the investments in the first half of 2022 surpassed the total investments in 2021, according to a report by the venture data platform, MAGNiTT.

    The report said the kingdom advanced to become the second-most active VC market in MENA by number of deals, which rose by 36 percent to 79 deals in H1 2022.