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.

Chief Economists warn global growth under strain from trade policy shocks and AI disruption

The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel...

Economy

Trump threatens Apple with a 25% tariff if iPhones aren’t made in US

Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...

Business
Economy

TRENDS poll: Vision 2030 spurs entrepreneurship,  small business growth in Saudi Arabia

The oil-rich kingdom has supported private institutions targeting startups to further boost investment in non-oil sectors.
  • The kingdom's Small and Medium Enterprises General Authority, Monshaat, designs initiatives that promote a culture of entrepreneurship
  • Saudi government has supported private institutions targeting startups to further boost investment in non-oil sectors
Business

Oman and Etihad Rail Company signs MoU with Vale, Brazilian mining firm

Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding...
  • The signing of the agreement between the two will explore the possibility of transportation of iron ore between the UAE and Oman, linking it up with Vale's unit in Sohar Port
  • According to Suhail Mohammed al Mazrouei, UAE’s Minister of Energy and Infrastructure, the agreement is in line with the country's desire to set up partnerships with big companies
Economy

Global oil industry needs $12trn investments by 2045

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over...
  • OPEC member countries are ready to play a key role in providing energy to the world and in reducing emissions, Al Ghais said
  • The oil industry, he said, needs a long-term, investment-friendly climate that works for producers and consumers
Business

Telecom Egypt sells 162 million shares

The government sold a 9.5% stake for US$121.6mn.
  • The North African country desperately needs privatization in order to meet a series of foreign debt obligations over the next few months
  • When the two-part sale is complete, it will bring down the Egyptian government's stake in Telecom Egypt down to 70 percent from 80 percent
Economy

Large scale job losses if US defaults, warns government

President Joe Biden's administration again warned of "catastrophic" consequences for the US economy including huge job losses if the country...
  • The nonpartisan Congressional Budget Office forecast that the country could default on its debts by June 15 if lawmakers fail to agree on a deal.
  • Biden has stated he wants a "clean" hike of the debt ceiling, but Republicans are insisting any extension of the country's borrowing authority.
Business

Will sponsor Emirates Labor Market Award,  says Abu Dhabi Chamber

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...
  • The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
  • The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
Economy

Dubai top Greenfield FDI destination for second time in a row

The emirate achieved an 89.5 percent year-on-year growth in 2022 and Foreign Direct Investment capital inflows of $12.79 billion. The...
  • These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33, Sheikh Hamdan said.
  • Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020. It had attracted 418 freenfield FDI projects.
Business

India Jewelry Exposition Center launches in Dubai

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...
  • India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.
  • The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.
Economy

WEF meet to shed light on global economic transformation

Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place...
  • The meeting will tackle key issues concerning global companies and create and strengthen partnerships focusing on generating a positive impact.
  • More than 1,500 leaders from business, government, and other global firms, along with innovators and academics, are expected to participate.
Geostrategy

Syria extends humanitarian aid access via two border crossings: UN

Following international pressure, Damascus agreed to let the UN use the Bab al-Salama and Al-Rai crossings, operated by Turkish-backed rebels,...
  • Syrians affected by the February 6 earthquake that killed more than 55,000 people in Syria and Turkey have been relying on two border crossings for vital humanitarian deliveries
  • The United Nations estimated earlier this week that Syria needs almost $15 billion to recover from the quake, and it put the total cost of damage and losses at almost $9 billion

Chief Economists warn global growth under strain from trade policy shocks and AI disruption

The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel...
Economy

Company News

Latest News

Saudi Crown Prince says will work for Gulf unity and prosperity of its people

Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Wednesday said he will make efforts to achieve the unity...
Economy

US lawmakers reject US$17.6 billion Israel aid bill

Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for...
Geostrategy

44% of workers’ core skills will be disrupted by 2027: WEF

The world of work is changing fast. By 2027, businesses predict that almost half (44%) of workers’ core skills will...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

WEF24: GCC poised for growth amid global challenges

The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of...
  • The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of Canyon Partners tells TRENDS.
  • Friedman highlights global economic complacency, stressing the importance of addressing sovereign debt and corporate borrowing, while noting a few bright spots.
Business

Iran agricultural, food exports hit US$4.8bn in 10 months

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...
  • Of this amount, 4,944,481 tons worth $2,930,585,728 were dedicated to the export of agricultural products.
  • While 1,133,710 tons worth US$931,961,158 were dedicated to the export of food products.
Business

Sharjah Chamber posts growth in membership in 2023

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the...
  • The number of membership renewals in 2023 hit 55,087 across industrial, commercial and professional sectors.
  • Free zone memberships stood at 1,795, while exports and re-exports were valued at approximately US$8.9 billion.