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.

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...

Economy

Saudi launches Damascus area reconstruction project

Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking...

Economy
Market Report

Markets slump as US jobs data says labor market buoyant

The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade,...
  • Asian indices also ended mostly lower with Hong Kong leading the decline, falling nearly 2.7 percent as the market reopened after a holiday weekend
  • Russia's currency meanwhile continued to weaken on signs the country's economy is facing slower growth and higher inflation as the Ukraine war drags on
Business

ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
  • The CycloneCC technology is designed to improve the economics of point-source carbon capture within industrial facilities.
  • Traditional point source carbon capture technology relies on feeding gas through large absorption and stripping towers.
Geostrategy

Jazan City for Primary and Downstream Industries exports first shipment to US

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure...
  • The ship is laden with 37,000 tons of iron steel foundry product, representing the first-ever production of this commodity within the Kingdom.
  • The city's port has extensive capabilities and advanced logistical transportation services, making it a hub for trade exchanges in Saudi Arabia.
Economy

Yemen economy tanks as peace talks make no headway, say NGOs

"While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable,"...
  • Power cuts in Aden can last 17 hours a day and more than 50 percent of households in government-held areas cannot meet basic food requirements.
  • The World Food Program warned in August that more than four million Yemenis would receive less food assistance from the end of September.
Geostrategy

Qatar begins construction on North Field gas expansion

RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's...
  • There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost Russian deliveries.
  • Qatari Energy Minister Saad al-Kaabi called the project a "leap towards our country's leadership in the field of energy".
Business

Najm inks pact with iot squared

The aim is to advance insurance services in the Kingdom.
  • iot squared is a joint entity between the Public Investment Fund (PIF) and STC Group and it provides leading IOT solutions in the logistics service field.
  • Najm for Insurance Services was set up in 2007 due to cooperation between insurance firms, Saudi Central Bank and the General Department of Traffic.
Business

Global energy demand to rise 25% by 2045: OPEC chief

Abu Dhabi, UAE - Global demand for all forms of energy is forecast to rise by 25% through 2045, according...
  • No single energy source can meet the world's growing needs as the economy expands and the population increases, Al Ghais said
  • He added that despite some setbacks, global growth continues, and he was optimistic about future oil demand

Turkey’s inflation hovers near 60% after policy U-turn

The data suggest that Turkey's inflation rate is starting to peak after Erdogan signed off on a series of sharp...
  • The TUIK state statistics agency said consumer prices rose by 61.5 percent over a 12-month period ending in September
  • The month-on-month increase in prices also slowed to 4.8 percent from 9.1 percent in August and 9.5 percent in July
Economy

UAE to generate 19.8 gigawatts of clean energy by 2030: Al Mazrouei

Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister...
  • The minister informed the audience at ADIPEC 2023 that the UAE intends to work towards producing 1.4 million metric tonnes of low-carbon hydrogen per annum by 2031
  • He told a global audience of energy leaders at the opening of the event in Abu Dhabi that an International collaboration is crucial to addressing energy challenges
Economy

Knowledge, innovation drive UAE’s economic strategy

"Today, the UAE is recognized as a leader in new economy sectors, including renewable energy, fintech, artificial intelligence, the fourth...
  • The UAE makes significant strides in building a new economic model rooted in knowledge, innovation, and creativity, diversifying economy and boosting global competitiveness
  • Today, the UAE is recognized as a leader in new economy sectors, including renewable energy, fintech, artificial intelligence, and space, says minister Abdulla bin Touq Al Marri

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
Economy

Company News

Latest News

Most Asian markets rise ahead of toss-up US election

Asian markets mostly rose Tuesday a day before results from the US presidential election rolled in, with opinion polls showing...
Economy

Eight OPEC+ members extend oil supply cuts until year end

Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...
Economy

Expected impact of the U.S. election on business 

35 percent of CEOs worldwide identify #inflation as the most critical #economic issue facing their countries, followed by boosting #consumer...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Asian shares rise as markets await tech results

Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...
  • Oil market concerns shifted focus on potential oversupply in 2025
  • Investors are also awaiting the Bank of Japan's rate decision later this week
Economy

Oil prices tumble after Israeli attacks spare Iran facilities

Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
  • The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77
  • "Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management
Economy

BRICS integral to Arab trade diversification strategy

The UAE and Saudi Arabia’s trade with China and India far exceeds their trade with the US and UK. This...
  • Arab economic powers such as Saudi Arabia and the UAE have intensified efforts to diversify their strategic business relations with China, Russia, and India
  • Arab powers have also kept their traditional ties with the nations in the European Union and the Americas, particularly the United States, intact