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.

Macron calls on EU to ‘defend European interests’ in US tariff talks

French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...

Economy

Trump says ‘no extensions’ to Aug 1 tariff deadline

While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...

Geostrategy
Business

Botswana inks new deal with De Beers

GABORONE, BOTSWANA -  Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw...
  • The agreement provides for a new 10-year agreement to sell the rough diamonds produced by Debswana.
  • Debswana is a JV equally owned by the government and De Beers - and a 25-year extension of its mining licenses.
Economy

Confront inconvenient truths to fight global inflation

"Now is the time to face the three uncomfortable truths ... Inflation remains sticky; financial stresses could make price and...
  • Stubborn inflation is linked to factors such as tight labor markets, strong wage growth, and pent-up demand, despite hikes in interest rates, says an IMF official
  • Monetary policy strategies and tools like forward guidance and quantitative easing may require adjustments to handle these risks effectively, adds Gita Gopinath
Geostrategy

Violence and looting rage in France after police shot teenager

Nanterre, France--Sporadic violence and looting hit several cities across France in a fourth night of protests after the fatal police shooting...
  • In the wake of the death of 17-year-old Nahel at a traffic stop in Paris, France has deployed 45,000 officers backed by light armored vehicles to quell violence
  • The violence set off by the killing of Nahel has brought out into the open longstanding grievances about policing and racial profiling in the country's multi-ethnic suburbs
Economy

Jordan’s exports to non-Arab Asian countries climb to US$1.16bn in Q1

Amman, Jordan-- Trade between Jordan and non-Arab Asian countries has shot up in the first quarter of 2023, with the...
  • The kingdom's exports to the Greater Arab Free Trade Area increased by 1 percent in Q1 of 2023 to touch $1.14 bn as against $1.13bn in the same period of the last year
  • Its exports to the American Free Trade Agreement countries rose by 2.6 per cent in Q1, touching nearly $898 million, compared to $876 million for the same period last year
Economy

France charges Lebanon central bank chief’s ex-assistant in graft probe

A former assistant of Riad Salameh, the governor of Lebanon's central bank, has been charged with money laundering by France....
  • Marianne Hoayek was grilled in Paris on Friday and placed under investigation for criminal conspiracy and money laundering
  • Salameh has denied any wrongdoing and says he built his fortune when he worked in Merrill Lynch before becoming central bank governor
Economy

MENA region trails in global race for gender parity

The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region...
  • The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region will achieve full parity in 152 years, says a WEF report
  • Solutions like Gender Parity Accelerators and DEI Lighthouse Program are being implemented, but the path to gender parity remains a challenging one, it adds
Geostrategy

France, UAE share vision to shift towards clean energy

PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...
  • The UAE and his country are working together on low-carbon energy solutions, the French minister said.
  • The minister highlighted the rising number of natural disasters globally caused by climate change.
Business

Apple tops $3trn in market value

Wall Street rises as US consumer inflation moderates.
  • The personal consumption expenditure index measure of inflation eased to 3.8 percent year-on-year in May.
  • The data comes on the heels of other upbeat economic reports this week adding to hopes the US economy can avoid a recession.
Economy

OFID, partners offer $60m loan to Tanzania for renewable energy

VIENNA, AUSTRIA -  A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...
  • The project will include constructing a 166km overhead transmission line connecting the Kagera region to the national grid.
  • Tanzania is investing in expanding its hydropower capacity with plants under development at Rusumo and Kakono in its northwestern region.
Business

Over 1,500 new companies join RAKEZ in Q2, 2023

RAS AL KHAIMAH,  UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of over 1,500 new companies...
  • This robust growth represents a remarkable 132 percent increase compared to the same period in 2022.
  • The majority of these investors are from countries such as India, Pakistan, the UK, Egypt and Russia.

Macron calls on EU to ‘defend European interests’ in US tariff talks

French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...
Economy

Company News

Latest News

Dubai’s assets in endowment sector reaches US$2.8bn

DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...
Geostrategy

Qatar and Estonia sign agreement to avoid double taxation

Doha, Qatar--Qatar and Estonia have signed an agreement to avoid double taxation and prevent income tax evasion. The agreement was...
Economy

UAE ministry of defense, Masdar to set up solar plants in Abu Dhabi

Abu Dhabi, UAE--The UAE Ministry of Defence and Masdar have signed an agreement to develop multi-solar plants across Abu Dhabi....
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Despite oil riches, Libyans hit by plummeting purchasing power

Libya earns around $20 billion per year in net revenues from oil and gas exports, which accounts for around 95...
  • Libya's dinar currency - which officially trades at 4.8 to the US dollar - has recently dropped on the parallel market from around five dinar to the greenback to 7.5 now
  • The cost of living crisis and foreign cash crunch come after the Central Bank of Libya announced steps it said were aimed at ensuring greater financial stability
Economy

European tourists make a beeline for Sharjah as 400,000 visit in 2023

Sharjah, UAE-- Nearly 400,000 visitors from Europe have traveled to Sharjah during last year, marking a notable 28 percent increase...
  • Sharjah is showcasing its unique locations at a travel-trade show in Berlin, seeking to entice more Europeans to the emirate
  • Tourism officials from Sharjah held meetings with investors and business leaders interested in the tourism and trade sectors
Economy

Dubai Chambers, DP World partner to lure global investment to the emirate

Dubai, UAE--Dubai Chambers has signed a memorandum of understanding (MoU) with DP World to enable the chambers to leverage DP...
  • The MoU corresponds with the goals of Dubai Global Initiative, aiming to establish offices around the world to attract foreign direct investment
  • The Dubai Global initiative is led by Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers