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.

  • Riyadh, Saudi Arabia - About 89% of CEOs in Saudi Arabia are optimistic about the country's economic growth over the...

    A remarkable 71% of Saudi CEOs have observed a 5% or more increase in market share over the past three years, surpassing the global average of 49%

    The Vision 2030 initiative, with its focus on reducing oil dependency, has propelled Saudi Arabia to the 17th largest global economy by GDP size in 2022

  • The market value of its net assets crossed US$5.66bn.

    DIEZ reported growth in earnings before interest, taxes, depreciation, and amortisation by 49.2 percent, alongside an 8.1 percent increase in total revenues

    Economic zones affiliated to DIEZ have experienced substantial growth across six key sectors, which collectively represent 95 percent of total companies hosted.

  • BAGHDAD, IRAQ – Economic growth of the country is projected to continue amid fiscal expansion, an International Monetary Fund (IMF)...

    Medium-term vulnerabilities to oil price volatility have increased significantly, the IMF said.

    Growth in the non-oil sector has rebounded strongly in 2023 while inflation has receded.

  • The duration of each contract is of 22 months.

    The two contracts entail the engineering, procurement and construction of Qassim and Taibah gas pipelines.

    The first contract is valued at $90 million (SAR341.09 million), while the second is worth $68 million (SAR256.1 million).

  • It will commit the two to sustainable innovation.

    The partnership between the two companies stems from their collaborative vision to foster a more environmentally-conscious industry

    The CEO of Ooredoo said that the MoU is a cornerstone in their journey towards achieving the goals of Qatar’s National Vision 2030

  • The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...

    The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a preference for larger homes.

    The city's office market thrives, with rents surpassing pre-pandemic levels, reinforcing its role as a strategic regional hub for global corporations.

  • Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...

    Companies have expressed doubts about how much Apple's changes would ultimately broaden consumer choice and digital competition.

    Apple in January announced it was modifying how its iOS operating system, Safari browser and App Store operate in the 27-nation EU.

  • RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...

    By the end of 2023, the number of countries importing Saudi Arabian dates had reached 119.

    The total value of date and date-byproduct exports increased by 152.5 percent since 2016.

  • BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...

    The European Commission made a request for information under the mammoth content moderation law known as the Digital Services Act (DSA).

    The EU has launched probes under the DSA to quiz platforms on how they are addressing concerns from consumer protection to children's activity online.

  • The bank achieved a Return on Equity of 27.1 percent.

    ADIB achieved record-breaking performance in 2023, with significant growth across all its businesses.

    Enhancing its digital presence, the bank saw a rise in actively digital customers through improvements to its mobile app.