INSEAD Day 4 - 728x90

Economy

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.

China’s chip challenge: the race to match US tech

Beijing, China - China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle...

Economy

Microsoft trims service to Israel over Gaza surveillance

San Francisco, United States - Microsoft on Thursday said it cut an Israeli defense unit's access to some cloud services...

Geostrategy
Economy

Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend

Moscow, Russia - Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until the end of...
  • Additional cuts are geared to enhance OPEC+ measures to maintain stability and balance on oil markets
  • Russia began to voluntarily cut oil production by 500,000 barrels a day from February’s average back in March
Economy

Global trade at a crossroads as Gaza conflict intensifies

With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of...
  • With Suez Canal's pivotal role in global commerce, any disruption may send shockwaves through markets worldwide, challenging the resilience of international supply chains.
  • The region's conflict may intensify the factors impeding trade growth, alongside other issues such as rising rates, crisis in China's realty market, and Russian-Ukrainian war.
Business

Qatar’s business conditions continue to improve in October

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
  • Output, new orders and employment all expanded in October, and the 12-month outlook remained upbeat.
  • Profitability improved as firms raised their prices for goods and services at the fastest rate since February.
Business

FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia

AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...
  • The forum will address the most important economic and commercial issues.
  • Gulf and Egyptian officials and entrepreneurs are slated to attend the forum.
Business

Saudi Arabia to continue voluntary oil cut until end of Dec 2023

Riyadh, Saudi Arabia -- Saudi Arabia has announced it will continue the voluntary cut of one million barrels per day,...
  • Riyadh, the world's biggest crude exporter, first announced its cut after a June meeting of the 23-nation OPEC+ alliance, which also includes Russia.
  • That decision riled the United States, which at the time accused Saudi Arabia, a security partner, of siding with Russia in the war in Ukraine.
Business

UAE ministry issues guidebooks on Emiratization for employers, employees

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
  • The awareness guidebook for Emiratis working in the private sector covers 11 topics
  • The awareness guidebook for the private sector companies covers nine topics.
Economy

Amid volatility, international reserves resilient: World Bank report

Washington, United States -- Central bank reserve management remained resilient during a historically volatile year, according to the fourth edition...
  • Central banks were confronted with a particularly challenging environment in 2022, with many of them, especially in developing countries, seeing decreases in reserves.
  • Central banks also faced challenges with technological advancements and systems updates, as well as hiring shortages and staffing turnovers.
Science

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.
Geostrategy

Don’t pause Mideast de-escalation over war, says UAE official

Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the...
  • According to UAE presidential adviser Anwar Gargash, countries should maintain that strategy even though the war is sending shockwaves through the region.
  • "National actors are basically trying to use economics as a way to de-escalate tension," Gargash told the World Policy Conference in Abu Dhabi,
Science

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.

China’s chip challenge: the race to match US tech

Beijing, China - China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle...
Economy

Company News

Latest News

Exclusive: ADP’s Nela Richardson on how AI is reshaping the global workforce

Davos Switzerland - The rapid adoption of AI and automation is redefining labor markets, reshaping industries, and transforming skills globally,...
Economy

Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria

Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
World Economic Forum

WEF25: Saudi delegation calls for nations to put “greater good” first

The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

EXCLUSIVE: AI agents to reshape the future of work, says CEO Automation Anywhere

Davos, Switzerland: AI agents are set to revolutionize the way businesses operate, with tasks being divided into autonomous, AI-assisted, and...
  • Mihir Shukla reveals AI agents will revolutionize work, blending autonomous, assisted, and manual tasks
  • The company operates 300 million AI agents globally, with a growing presence in the Middle East

Oman launches New Nation Brand at Davos to enhance global presence

Muscat, Oman – Oman on Tuesday launched its New Nation Brand at the World Economic Forum in Davos in an...
  • Speaking at the event, Oman’s Minister of Economy Dr Said Mohammed Al Saqri expressed confidence in the brand’s ability to enhance the country’s standing on the global stage
  • He continued that the launch of the brand  in Davos was not only as an invitation to international investors and media to explore Oman's opportunities
Economy

There’s nothing more interlinked and global as international financial markets: Swiss president

In an exclusive interview with TRENDS, Swiss President Karin Keller-Sutter emphasized the critical role of financial stability in safeguarding global...
  • Keller-Sutter emphasized that financial stability is vital for maintaining global economic health, highlighting the deeply interconnected nature of international financial markets
  • She stressed the importance of countries acting from internal strength to ensure resilience and contribute effectively to global financial stability.