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.

OPEC+ countries to open the oil taps despite price slump

Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000...

Economy

US reaching out to China for tariff talks: Beijing state media

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...

Economy
Business

MBM Holding, Portland Holdings ink MoU

Firms will work together on nuclear, renewable energy.
  • The two firms seek to address global challenges by adopting innovative solutions in health sciences and nuclear and clean energy.
  • The MoU comes as part of the UAE’s Year of Sustainability in preparation for the country's hosting of COP 28 to promote environmental sustainability.
Economy

More rate rises may be needed to tame high inflation, says ECB economist

FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the...
  • The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening.
  • The central bank holds its next meeting on May 4 and all eyes are on whether policymakers will implement another hike and by how much.
Business

M42 acquires Diaverum

Diaverum is world’s third-largest provider of dialysis services.
  • Founded in 1991, Diaverum operates across 23 countries, with 440 clinics and over 13,000 employees.
  • It has a strong track record of clinical excellence, providing critical care to around 39,000 patients.
Economy

Dubai faces tough fight as GCC nations compete for tourists on digital, social media platforms

The emirate still remains at the top of the list of places to visit in the region because of the...
  • Several Arab Gulf countries are ambitiously trying to turn themselves into major tourist destinations, and some have already had considerable success
  • Dubai still remains at the top of the list of places to visit in the region because of the sheer diversity of products it has to offer and the infrastructure it has built
Interview

Focus on innovation and sustainability as RAKEZ helps businesses grow

The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services,...
  • The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services, says Jallad
  • RAKEZ offers regular B2B networking opportunities, hosts workshops and seminars, and provides aftercare support to ensure businesses thrive in the UAE and beyond, he adds
Business

Car sales vault in Europe, cross 1 million mark first time since 2021

Paris, France--Sales of new cars jumped last month in Europe, surpassing the level of one million for the first time since...
  • Italy posted 40.7 percent jump in car sales while Spain recorded 66.1 percent increase as sales rose in all EU nations
  • German carmaker Volkswagen reported high sales, with the group selling 275,753 vehicles across its various brands
Business

United Airlines reports Q1 loss

The US airline posted a quarterly loss of US$194mn.
  • United Airlines said that its results were hit by higher costs, especially on salaries and for jet fuel
  • But the US carrier expects a rebound in demand for tickets in the coming summer months
Economy

Saudi Arabia’s FDI bid: Economic zones, 100% foreign ownership, tax sops

The kingdom hopes that its regulatory incentives and strategic location would help it compete with the UAE, whose tax-free zones...
  • The kingdom's availability of natural resources, organizational changes, and a young population add to its attraction for the investors
  • The country has benefited from the rise in oil prices caused by the Ukrainian war and is expected to achieve the G20's highest growth rate
Business

Iraq police arrest more than 200 in raids on ‘illegal casinos’

Baghdad, Iraq--Iraqi police arrested overnight almost 200 people in raids on illegal casinos where alcohol was served in defiance of the...
  • According to the interior ministry spokesman, the raids targeted four locations in Baghdad where games of blackjack and roulette were underway
  • In Muslim-majority Iraq public consumption of alcohol is frowned upon, although beverages can be readily purchased from liquor stores
Economy

Lebanon postpones municipal elections due to lack of funds

With the cash-strapped country mired in an unprecedented economic meltdown, Lebanon's parliament on Tuesday put off municipal elections scheduled for...
  • Citing a lack of funds as the reason, deputy parliament speaker Elias Bou Saab warned last week that "holding municipal elections has become almost impossible"
  • Putting off polls was commonplace in Lebanon even before 2019, when the country plunged into an economic crisis described by the World bank as the planet's worst

OPEC+ countries to open the oil taps despite price slump

Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000...
Economy

Company News

Latest News

Saudi Arabia lists priority specializations for Special Talent Residency

Riyadh, Saudi Arabia - Saudi Arabia's Premium Residency Center on Sunday revealed a list of priority specializations that qualify individuals...
Economy

Quiet and not-so-quiet luxury at Paris Fashion Week

PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...
Business

UAE foreign investment projects second highest in world: UNCTAD

Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
  • Flynas had the fewest complaints among airlines, 42 per 100,000 travelers and a complaint resolution rate of 100 percent.
  • SAUDIA Airlines came second, with 61 complaints per 100,000 travelers and a resolution rate of 99 percent.
Business

China remains world’s largest logistics market in terms of demand

BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's...
  • As final consumption continues to rebound, it will lead to consistent growth in production and import demand.
  • There has been a continuous enhancement in the competitive capabilities of China's logistics enterprises.
Economy

Dubai GDP growth up 3.3 percent in nine months of 2023

Real estate soared by 4 percent, while financial and insurance activities surged 2.7 percent. The knowledge economy improved with a...
  • Accommodation and food services activities witnessed a remarkable 11.1 percent growth, solidifying Dubai's position as a global tourism leader.
  • Dubai's financial and insurance sector, a significant contributor to the economy, posted a growth of 2.7 percent.