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.

Less tax, more luxury: millionaires flock to Dubai for its zero income tax policy

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy...

Economy

Oil prices rise ahead of US-Russia summit as stocks digest inflation data

New York, United States - Wall Street stocks finished little changed Thursday as markets absorbed a disappointing inflation report, while...

Economy
Economy

Saudi Arabia and Turkey to boost ties in industrial, mining sectors

The two countries signed a memorandum of understanding (MoU to boost mining cooperation in critical minerals needed in new technologies...
  • The two countries desire to ramp up mutual investments in the manufacturing sector
  • Turkish companies would attempt to obtain more shares of Saudi Arabia's projects
Economy

GCC shows economic resilience as inflation hits globe

GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth...
  • GCC countries consistently maintain inflation rates below the global average, with the Food and Beverages CPI subcategory showing moderate growth across the region
  • Saudi Arabia's CPI is being driven by housing and food, the UAE experiences a sharp CPI drop due to transport costs, while Qatar sees its lowest inflation since July 2021
Arts & Culture

NEOM to set up education, research and innovation center

TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last...
  • NEOM’s ERI center will enable access to a world-class education, research and innovation ecosystem at any stage of the life of a learner.
  • The curricula deployed across NEOM’s ERI pillars will prepare a digitally fluent workforce, equipping students with real-life skill sets.
Geostrategy

French President says change in existing world order would weaken West, Europe

PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Economy

Oman and South Korea sign agreement on green energy transition

Muscat, Oman--Oman has signed a memorandum of understanding (MoU) with South Korea in the field of green energy transition. The...
  • The agreement underscores keenness in both countries to consolidate cooperation in green transition as the relations deepen
  • The two countries will devise green transition policies and programs and develop technologies for environment conservation
Economy

It’s time to address universal issues through media

Many Filipino media professionals are working in the UAE that forms the core of media cooperation. “Given the strong friendly...
  • The Philippines believes in the value of nations working together to explore new approaches to address global issues and concerns, through the media
  • Given the strong friendly relations between the Philippines and the UAE, there is much more potential in many areas, especially in the media sector
Economy

Red Sea Global launches ‘Tamala’ to transform agricultural economy in Tabuk

Riyadh, Saudi Arabia--Red Sea Global (RSG) has announced the launch of the Red Sea Farms Cooperative (Tamala), established through integrated...
  • Tamala intends to develop a model entity in order to boost the role of cooperatives in the agricultural sector in the kingdom
  • It plans to provide agricultural inputs to farmers which contribute to improving agricultural production and farmers' quality of life
Economy

Iraq to harness Associated Petroleum Gas to generate electricity

Baghdad, Iraq - The Iraqi government has launched a project to harness the Associated Petroleum Gas (APG) from the Bin...
  • The project's principal advisor Mounir Bouaziz said that the field's production capacity is scheduled to range from 400,000 to 500,000 barrels of light oil per day
  • Once completed, the project will eliminate the need for import of a significant portion of gas while also meeting the requirements for operating electric power plants
Geostrategy

Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
  • Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
  • The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.
Business

Iran world’s eighth largest steel producer in first half of 2023

Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as...
  • Iran was the world’s seventh largest steel producer in June with an output of 3.2 million mt, up 17.4 percent from June 2022, the report added.
  • For years, Iran had been ranked 10th globally in the list of top steel-producing countries.

Less tax, more luxury: millionaires flock to Dubai for its zero income tax policy

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy...
Economy

Company News

Latest News

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...
Economy

France and UAE sign AI cooperation deal

France and the United Arab Emirates on Tuesday signed a "strategic partnership" on artificial intelligence (AI) aimed at boosting cooperation...
Business

Qatar banking on AI with nearly $2.5 bn in investments

Qatari Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani delivered on...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Asia markets mixed as investors assess China inflation data

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reported China’s consumer price index climbed...
  • China’s consumer price index climbed 0.3% year on year
  • Japan’s first-quarter GDP expected to have contracted an annualized 1.5%
Economy

Kuwait approves new government amid political crisis

Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...
  • The new government -- the small emirate's 46th -- is headed by Prime Minister Sheikh Ahmed al-Abdullah al-Sabah
  • MPs have previously accused ministers of corruption
Economy

Dubai 21st most richest city in the world, top in the Middle East

New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of...
  • New York is the richest city in the world, with 359,500 millionaires and 60 billionaires
  • Dubai has 72,500 millionaires, 212 centi-millionaires (100 mn +) and 15 billionaires