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.
  • The airline ordered a dozen single-aisle passenger jets worth $1.1 bn.

    Delta grabbed the headlines on the first day of Farnborough show on Monday with a $13.5-billion order for 100 medium-haul MAX jets built by Airbus rival Boeing.

    The Airbus announcement brings Delta's total firm A220 order to 107 of the aircraft.

  • Demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh in the first half of the current...

    He said that the increase in energy demand in Dubai reflects the economic recovery and the return of key activities

    Dubai has benefited from the Fourth Industrial Revolution technologies and implemented robust precautionary measures to ensure business continuity

  • A center for manufacturing composite materials will be set up in Riyadh.

    The center will be established with support from the General Authority for Military Industries, in an effort to enhance aircraft manufacturing capabilities in the kingdom.

    SAMI Composite Materials Limited and Lockheed Martin will evaluate and develop the center in several phases, in addition to developing national cadres.

  • Germany is looking to partner with Egypt to build the hydrogen economy as Europe seeks to diversify away from its...

    Scholz believes electricity and hydrogen will be the key to transforming industry in Germany

    He sees a big opportunity for countries like Egypt to supply hydgrogen to Germany

  • Most stocks fell Tuesday after a Wall Street sell-off fueled by fresh recession worries following a report that Apple planned...

    The losses among equities ate into Monday's gains, which came after a forecast-beating US retail sales report suggested consumers remained resilient

    In a sign of concern among big-cap firms about an economic slowdown or recession, Bloomberg News said tech titan Apple was pulling back on hiring and some investments

  • The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...

    Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.

    The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.

  • Azerbaijani President Ilham Aliyev said last week that "an important document on energy security will be signed between the European...

    Last year, Azerbaijan supplied some 8 billion cubic meters of natural gas to Europe through pipelines running via Georgia and Turkey.

    In May, EU leaders agreed to stop most Russian oil imports by the end of 2022, as part of unprecedented sanctions they slapped on Moscow.

  • Boeing plans to show off several planes including the MAX 10.

    The MAX 10 offers Boeing the opportunity to show off the latest version of the aircraft and seek to recover from the deadly and costly crashes of an earlier model.

    The crashes in October 2018 and March 2019 led to the aircraft being grounded for 20 months. Airlines cancelled hundreds of orders and demanded compensation.

  • UAE's Ministry of Human Resources and Emiratization (MoHRE) has honored 16 companies that achieved over triple their Emiratization ratios in...

    UAE's Ministry of Human Resources and Emiratization has honored 16 companies that tripled their Emiratization targets in two months

    These companies will benefit from several incentives including upgrading their classification to the first category

  • The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3...

    Their non-oil trade over the past decade amounted to over AED256.15 billion, with a total weight of 8.28 million tons.

    Ornaments, jewellery and related products on top of  the list of five leading goods imported from France in 2021, with a value of AED2.46 billion.