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.

US Fed chair opens door to rate cut as Trump steps up pressure

Last year, the Fed chair used his keynote speech at the Jackson Hole Economic Policy Symposium to indicate the time...

Economy

Gross national income of GCC countries hits $2.143 trillion

Muscat, Oman -- The latest data released by the Statistical Centre for the Cooperation Council for the Arab Countries of...

Economy
Economy

Eurozone inflation unchanged at 5.3% in Aug as energy prices drop

Brussels, Belgium - The annual rate of inflation in the eurozone remained unchanged in August as there was a smaller drop...
  • Consumer prices reached 5.3 percent in August, although there was also a slowdown in the rise of food and drinks costs.
  • Core inflation, which strips out volatile energy, food, alcohol and tobacco prices, was down slightly to 5.3 percent in August.
Economy

Qatar’s Producer Price Index of industrial sector dips 0.22% in July

Doha, Qatar--Planning and Statistics Authority (PSA) of Qatar has released the new monthly Producer Price Index (PPI) of the Industrial...
  • According to data, chemicals and chemical products prices decreased by 1.31 percent, followed by food products which fell by 0.76 percent
  • There was a dip in the prices of utilities like electricity, gas, steam, and air conditioning supply by 2.58 percent compared to June 2023
Geostrategy

Turkey to ask Russia to resume grain deal in original form

According to TASS, quoting a diplomatic source, Turkey's Foreign Minister Hakan Fidan will propose to Russia at the upcoming talks...
  • The diplomatic sourced quoted by TASS said that Turkey views the grain corridor as the most efficient and safe
  • He further said the deal if resumed in original format can prevent the expansion of the Ukranian conflcit into the Black Sea
Economy

CEPA boosts UAE’s trade ties with key global players

“The country's foreign trade will continue to thrive due to these CEPAs. Agreements with Türkiye and Indonesia are slated for...
  • CEPA agreements with India and Israel have boosted trade, with new deals involving Türkiye and Indonesia coming in September
  • The UAE targets doubling its GDP by emphasizing innovation, advanced technologies, and expanding global service exports in trade

565 companies involved in ‘fake Emiratisation’ cases: UAE ministry

Dubai, UAE - The Ministry of Human Resources and Emiratisation (MoHRE) revealed that 565 companies were proven to have hired...
  • The private sector now employs over 81,000 nationals, representing the highest level of Emiratization in the country's history
  • The ministry has ceased Nafis payments from nationals proven to have been involved in fake Emiratisation and recovered previous financial support
Economy

Second quarter GDP growth in US 2.1%, weaker than earlier estimates

Washington, United States - Economic growth in the United States was weaker than first estimated for the April to June period,...
  • GDP growth in the world's biggest economy came in at 2.1 percent for the second quarter, down from the initial estimate of 2.4 percent.
  • Economists have been warning of a possible downturn as the US central bank rapidly lifted interest rates to tamp down demand and lower inflation.
Business

UAE first half non-oil foreign trade hits all-time high of $337 billion

The results are buoyed by record non-oil exports, which reached AED 205 billion in H1 2023, an 11.9 percent growth...
  • Imports increased to AED 693 billion, up 17.5 percent compared to the first half of 2022 and 2.6 percent more than the second half of 2022.
  • China has retained its position as the UAE’s leading global trading partner, followed by India, the US and Saudi Arabia.
Business

Equities extend gains on US jobs data, China rate cut hopes

The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as...
  • A separate report revealed consumer confidence falling owing to concerns about jobs, higher rates and lingering inflation.
  • The readings come ahead of the release of the Fed's preferred gauge of inflation -- the personal consumption expenditures price index -- this week.
Economy

Iran’s mineral reserves valued at over $15bn, says official

Tehran, Iran - Iran's in-situ and proven mineral reserves are now worth more than $15 billion,  the director general of...
  • The reserves encompass six different minerals comprising iron ore, lead and zinc, gold, copper, antimony, and coal
  • Discoveries include 100 million tons of iron ore concentrate, 79 million tons of gold concentrate, and 1.32 billion tons of copper concentrate
Business

Oil companies pay Insta, TikTok influencers for ads

Online celebrities best known for posting about video games are also dropping in unexpected plugs for gasoline stations, fuel rewards...
  • Analysts say companies are targeting young people on social media to shore up their oil and gas-based business even as countries seek cleaner alternatives to limit global warming
  • One gamer, who has 178,000 followers for her @chica account on Instagram, drew sighs of dismay with a recent post showcasing a new Shell-sponsored feature in video game Fortnite

US Fed chair opens door to rate cut as Trump steps up pressure

Last year, the Fed chair used his keynote speech at the Jackson Hole Economic Policy Symposium to indicate the time...
Economy

Company News

Latest News

Saudi Arabia launches ‘National Semiconductor Hub’ 

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...
Economy

Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives

Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...
Economy

Economic outlook brightening but political risks loom large in 2024, say chief economists

Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

The U.S. playing the waiting game with inflation

Federal Reserve official Neel Kashkari has reiterated the Fed’s wait-and-see approach about possible rate cuts.  In a recent interview on CNBC, Kashkari, who serves...
  • The labor market remains strong in the U.S.
  • The consensus is that the first rate cut won’t arrive before September
Economy

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...
  • The region saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions
  • Transaction value in the Middle East is projected to rise from US$230 billion in 2023 to US$903 billion by 2028
Economy

Asian shares mixed after Fed minutes, while Nvidia provides support

Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates...
  • Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated
  • Nvidia showed it turned a profit of $14.9 billion in the first quarter