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.

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...

Economy

‘Bombshell’ OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water...

Economy
Economy

Saudi CMA cancels its share in sukuk, bonds trading commission

Riyadh, Saudi Arabia--The Capital Market Authority (CMA) has announced the cancelation of its share in sukuk and bonds trading commission...
  • It is designed to lower costs for participants in the market, boost liquidity and expand domestic investors' based in government debt issues
  • With this step, the CMA hopes to develop a diversified financial sector and create an advanced capital market in line with the Vision 2030 objectives
Economy

Iran-Turkey trade hits $1.3bn in 3 months

Tehran, Iran - Iran and Turkey have traded $1.379 billion worth of goods in the first quarter of 2023, according...
  • Eurostat also reported a 17 percent decrease in Iranian gas exports to Turkey, totaling 1.567 billion cubic meters in the same period
  • The two nations have set a target of $30 billion in annual trade and to achieve this, both governments have been working to remove trade barriers
Economy

UAE to deepen economic ties with Morocco in several sectors

Rabat, Morocco-- Seeking to deepen its investments in Morocco, which stood at US$14 billion at the end of 2021, the...
  • Having invested US$14 billion at the end of 2021, the UAE is the largest Arab investor in Morocco and second in the world
  • The UAE and Morocco will double the volume of trade and investment during the next few years and also ramp up cooperation in many sectors
Business

Alkhaleej Insurance posts profit

Its net profit soared 33% to US$7.49mn for Q1 of 2023.
  • Its EPS stood at QR 0.107 at the end of March 31, 2023 as against EPS QR 0.080 for the same period in 2022
  • Qatar Islamic Insurance reported a 7.16 percent jump in the net profit to $8.04 million in net profit in the first three months of 2023

UAE launches guide to aid adoption of AI technology

Dubai, UAE - The UAE government has launched a comprehensive guide for the adoption of generative AI applications in the...
  • The guide provides a comprehensive exposition of generative artificial intelligence, explores the challenges and opportunities inherent in diverse digital technologies
  • The guide showcases 100 use-cases of generative AI, including image and video synthesis, language translation, music composition, and text creation
Business

Abu Dhabi aims to draw 24 million visitors by end of 2023

Abu Dhabi, UAE--The emirate of Abu Dhabi is looking to draw some 24 million visitors by the end of 2023,...
  • In 2022, the Abu Dhabi hotel occupancy rate touched 70 percent as 18 million visitors trooped into the emirate, posting a 13 percent jump
  • The emirate received the highest number of international visitors from India, Saudi Arabia, the United Kingdom, and the United States
Economy

EU reports employment rate of 75 percent in 2022

BRUSSELS, BELGIUM  - In the European Union countries, 75 percent (193.5 million) of people in the 20-64-year- age group were...
  • The employment rate in the EU dropped to 72 percent in 2020 due to the COVID-19 pandemic.
  • In 2022, the EU over-qualification rate was 22 percent, with 21 percent for men and 23 percent for women.
Geostrategy

Iran’s parliament removes minister over rising prices

Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy...
  • The vote came with the economy battered by Western sanctions, rampant inflation and depreciation of the rial against the dollar.
  • Defending the minister ahead of the vote, President Ebrahim Raisi had urged "stability in the management of this ministry".
Business

DEWA keen to enhance happiness in work environment, says CEO

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision...
  • "We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
  • "We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
Economy

ECB looks to hike interest rate again but analysts divided on how much

The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs...
  • Currently many analysts are betting on a quarter point hike from ECB, due to slowing inflation as well as a stable outlook in the 20-nation currency club
  • A day ahead of the ECB's announcement, the US Federal Reserve is set to unveil its latest rate decision, with traders expecting another quarter point hike

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...
Economy

Company News

Latest News

WEF24: Creative leap diversifies Nigerian economy

Nigeria is diversifying its economy, moving beyond oil to embrace the blue and digital economies, Minister of Art, Culture, and...
Interview

Saudi Arabia launches global tourism campaign featuring Messi

Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...
Business

UAE emerges as a new leader in global healthcare

“This goal, aligned with the forward-looking vision of the UAE's leadership, will not only enhance the quality of life but...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Egypt’s wheat and oil reserves sufficient for several months, says minister

Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the...
  • The minister said that 100 tonnes of sugar have been produced from the cane crop so far, and that preparations are underway to receive the beet crop in mid-March
  • The country purchases around five million tonnes of wheat annually from abroad, and subsidised bread is available to more than 70 million of its 104 million population
Economy

Embracing renewables secures UAE’s green future

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
  • UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
  • The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.

Iran, Turkiye ink contract to connect power grids

Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim...
  • The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
  • The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)