INSEAD Day 4 - 728x90

Company News

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.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

Business

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

Business
Business

ENEC, Kazatomprom ink pact

The move will ensure a secure supply of nuclear fuel.
  • ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.
  • This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.

Alaska Airlines to buy Hawaiian Airlines

Based in Seattle, Alaska Airlines serves the western US.
  • Both brands will continue to exist under the terms of the agreement, which could take up to 18 months to finalize
  • The combined airlines would have a fleet of 365 narrow and widebody aircraft and reach 138 destinations

Presight AI, Samruk-Kazyna launch JV

The partnership aims to accelerate digital transformation in Kazakhstan.
  • Revealed at COP28, the venture aims to deploy advanced AI and big data solutions.
  • Energy, public services, and transport in Kazakhstan to benefit from big data analytics.
Business

Zain KSA expands 5G network

The company launched the first zero-emission 5G network.
  • The network expansion supports Zain KSA’s strategic goal of accelerating the nationwide digital transformation by providing high-speed digital services
  • The 5G network expansion complements Zain KSA's growing portfolio of bespoke 5G applications and pioneering solutions in artificial intelligence (AI)
Business

Pure Health announces IPO

The company will offer 1.11bn shares at AED3.26 per share.
  • The subscription period will open on 6th December 2023 and will close on 11th December 2023 for both the Tranches.
  • The company intends to list its shares on ADX on 20th December 2023.
Business

Mumtalakat, Investcorp ink pact

The firms have jointly launched a climate investment platform.
  • The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
  • They must manage and minimize the execution risks associated with expansion in middle-market investments.
Business

Eve Air Mobility, flynas ink MoU

The firms will explore starting eVTOL services in Saudi Arabia.
  • The agreement will contribute to Saudi Arabia’s aviation industry by building the ecosystem for electric flights.
  • flynas operates over 1,500 weekly flights to over 70 domestic and international destinations.

Amazon releases AI chatbot

"Q" will be available only to the company's AWS cloud.
  • "Q" will be available only to Amazon's AWS cloud computing customers and will be in direct competition with ChatGPT as well as Google's Bard and Microsoft's copilots
  • Costing $20 monthly per user, Amazon Q will perform a variety of tasks including summarizing uploaded documents and answering questions about specific data
Business

Foxconn to invest $1.54bn more in India

The firm announced in May to purchase land for $37 million in India.
  • Chairman Young Liu had said during an earnings call in August that the company saw the potential to invest "several billion dollars" in India
  • The company is planning to expand its India operations to "critical components" for consumer electronics and electric vehicles to boost its competitiveness
Business

Ooredoo, QNBN sign agreement

The two companies will jointly develop Doha Port.
  • The agreement represents a strategic partnership and reflects a commitment to driving innovation to build a more connected Qatar.
  • Qatar National Broadband Network was established to implement the highest global standards in evolving telecommunication infrastructure.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.
Business

Company News

ESG 2023 net profit at US$187m

Aldar net profit $1.19bn

Etihad Atheeb 9M profit $47m

Aramex Q4 net profit doubles

Hermes profit soars 28 percent

Latest News

Intel to slash workforce

The company to cut approximately $20 billion in expenses this year.
Business

Boeing guilty plea deal filed

The plea deal must be approved by a federal court judge.
Business

Tesla auto deliveries beat expectations

Electric carmaker Tesla saw its shares surge on Tuesday.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Boeing to check undelivered 787s due to fastener issue

New York, United States - Boeing said Thursday it is examining fasteners on some undelivered 787 jets after discovering problems with...
  • The aviation giant, which faces intensified scrutiny from regulators following recent incidents said planes already in service can continue to be flown safely
  • "Our 787 team is checking fasteners in the side-of-body area of some undelivered 787 Dreamliner airplanes to ensure they meet our engineering specifications," the company said

Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.
  • The tech giant estimates that more than 50 million "AI PCs" will be sold over the next 12 months, given the appetite for devices powered by ChatGPT-style technology
  • Of all the tech giants, Microsoft has pushed the most aggressively to infuse the powers of generative AI into its products, often leaving rival Google to play catch-up
Business

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.
  • Amazon shares were up about one percent in after-market trades that followed release of the earnings figures
  • Sales at Amazon online stores grew by 7% in the quarter despite competitive pressure from rivals such as Shein and Temu