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.

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...

Economy

Global rice output in 2024/25 likely to expand by 1.5%: FAO

Rome, Italy --  The Food and Agriculture Organization of the United Nations (FAO) released a new Cereal Supply and Demand...

Geostrategy
Economy

China’s manufacturing declines in April as recovery challenges loom

Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict...
  • Its PMI dropped to 49.2 in April from 51.9 in March, and below the 50-point mark that separates expansion and contraction in activity, data from NBS showed
  • The March reading was the highest since May 2011, as the country saw a surge in demand for travel, entertainment and other leisure services unavailable for nearly three years
Economy

Gaza merchants sulk over tax hike as poverty bites hard in enclave

A split between Hamas and the PA, which administers the Israeli-occupied West Bank, often leads to disputes over taxation and...
  • According to the Palestinian Central Bureau of Statistics and the IMF, the poverty rate has reached 53 percent and unemployment has hit 45 percent
  • Nahed al-Souda, secretary of the clothes traders' syndicate, said a compromise was eventually reached, allowing for the tax-free importation of 600,000 pairs of jeans
Economy

UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei

Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...
  • Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
  • President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development
Economy

Iran-EU trade posts 9.2% drop to US$847mn in first two months of 2023

Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering...
  • Eurostat data shows Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged $279 million worth of goods
  • The Islamic Republic exports to the EU jumped to $1.08 billion in 2022 as against $904 million in the same period of last year

AI key to global opportunities, practical solutions

"Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing...
  • Key research projects at MBZUAI focus on sustainable environment, infrastructure, healthcare, education, and large language models, says an official
  • AI has the potential to contribute to the UAE's net-zero strategic initiative by reducing greenhouse gas emissions and advancing climate progress
Geostrategy

Jordan’s exports to EU nations in January,  February 2023 rose to US$87m

AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent...
  • Jordan's imports from the EU nations in January, February 2023 rose to reach US$671 million.
  • Trade exchange between Jordan and EU countries in January, February 2023 amounted to about US$758 million.
Economy

Jordan-US trade soars to US$745mn in first two months of 2023

Amman, Jordan--The volume of trade exchange between Jordan and the US shot up in January and February 2023 to $745...
  • The Department of Statistics said in a statement that the vaule of exports from Jordan to the US shot up to $392 million in the first two months of 2023, a 28.2 percent jump
  • Imports from the US to Jordan also increased during the first two months of the year to $353 million, a 38.2 percent jump, as against $255 million for the same period of last year
Economy

IEA’s call to halt oil investments will hurt market

His remarks came after the IEA Executive Director, Fatih Birol, criticized OPEC+ for their unexpected decision to reduce oil output...
  • OPEC Secretary General Haitham Al Ghais has cautioned IEA against discouraging oil investments crucial for global economic growth
  • Russia's Deputy PM Alexander Novak says the OPEC+ group, comprising leading oil producers, sees no need for further output cuts
Geostrategy

European probe officials to question Lebanon central bank audit firms

European investigators probing Lebanese central bank chief Riad Salameh's wealth will question officials from two international firms previously tasked with...
  • Visiting European investigators plan to question officials from the Lebanon offices of Deloitte, Ernst and Young, and a local firm.
  • The European investigators arrived in Beirut this week on their third trip to Lebanon in connection with the probe.
Business

US Fed accepts supervision failed in Silicon Valley Bank

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a report published into...
  • Silicon Valley Bank's management failed to adequately manage risk prior to the bank's swift collapse.
  • Federal Reserve supervisors failed to take forceful action after they had identified issues at the bank.

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...
Economy

Company News

Latest News

US Fed rate cuts become question of when, not if

Washington, United States -- The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as...
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...
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,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Market Report

Paris stocks hit record thanks to luxury

Europe's main stock markets shot higher, with Paris closing at a record high as shares in LVMH surged on record...
  • Hong Kong stocks slumped after rallying for much of the week, as traders awaited guidance on more Chinese stimulus.
  • Oil prices fell as traders banked profits from a strong week for crude.
Economy

US Federal Reserve’s favored inflation gauge rises before rate decision

The US Federal Reserve's favored measure of inflation ticked higher last month, according to government data published. The latest announcement...
  • The closely watched "core inflation" measure, which strips out volatile food and energy costs, continued to ease.
  • This will likely reassure the Fed that trends are moving in the right direction, despite the latest uptick in headline prices.
Economy

Indians queue for Israel jobs as war in Gaza rages

India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...
  • Recruiters are aiming to fill a labour shortage in Israel exacerbated by nearly four months of fighting against Palestinian fighters in Gaza
  • For the hundreds of Indians in line, almost all men, the chance of a skilled construction job in Israel - and wages up to 18 times higher - outweighs their fears