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’s next 100 days: Now comes the hard part

In a dizzying first three months, Trump wielded executive power like no other modern president, signing more than 140 orders...

Economy

Global stocks mostly rise as Trump grants auto tariff relief

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...

Economy
Science

Green groups sue Europe over false energy label

BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas...
  • The lawsuit over gas was launched by WWF, ClientEarth, Transport&Environment and the German NGO BUND.
  • Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label.
Business

Glaxo buys Bellus for US$2bn

Move after GSK demerged its consumer healthcare unit.
  • GSK has agreed to buy Quebec-based biopharmaceutical Bellus Health Inc. for $14.75 per share, the British drugmaker said in a statement.
  • Chronic cough is defined as a persistent cough that lasts more than eight weeks and affects an estimated 28 million people worldwide.
Business

Ericsson Q1 net profit at $155m  

Firm announced that it would slash 8,500 jobs worldwide.
  • Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.
  • Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.
Business

ADNOC, Japan sign deal to bolster low-carbon hydrogen value chain

Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...
  • One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets
  • The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement

Soaring prices challenge Morocco’s export-led agriculture model

Rabat has pledged that prices will soon fall, and announced several initiatives to tackle market speculation, but government spokesman Mustapha...
  • Official figures from February put year-on-year inflation in the North African country at just over 10 percent - a figure that also included a 20 percent jump in food prices
  • In March, the central bank of Morocco raised interest rates to 3 percent in an attempt to curb inflation which is impacting low-income and vulnerable households
Economy

World Bank and Jordan sign $650 million financing pacts

Dubai, UAE -- The World Bank and Jordan have signed two financing agreements worth $650 million for the programs of...
  • The first agreement includes additional financing of $ 400 million for the program of inclusive, transparent and climate-responsive investments.
  • The second agreement worth $250 million includes financing the program to enhance the efficiency of the electricity sector.
Economy

China’s economy bounces back after zero-Covid scrapped

Beijing, China--China's economy grew much better than expected in the first three months of the year as the country reopened after...
  • Chinese people, after years of travel restrictions and quarantines, have finally returned in recent months to restaurants and begun to move around more freely
  • There was more growth expected in April to June as China heads into another quarter in the sweet spot, according to Ting Lu, Chief China Economist at Nomura
Economy

ACWA Power to build 1,000 megawatt solar power plant in Iraq

Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...
  • The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital
  • In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity
Economy

Dollar could gain as markets anticipate a Fed rate hike: expert

Dubai, UAE - The US dollar could record some gains as markets increasingly see a higher probability that the Federal...
  • The constant surprises in US economic data during the last few weeks have focused traders’ attention on the US currency, Wael Makarem, Senior Market Strategist, MENA at Exhe added
  • The Japanese yen, Makarem said,  could see more weakness against the dollar in the near term with the Bank of Japan maintaining its accommodating monetary policy
Economy

GCC-listed firms post record growth in 2022, fueled by a thriving energy sector

Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$...
  • Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$ 199.0 billion in 2021
  • The energy sector alone witnessed US$ 74.2 billion, or 37.3 percent growth, mainly on the back of a steep jump in profits led by Aramco

Trump’s next 100 days: Now comes the hard part

In a dizzying first three months, Trump wielded executive power like no other modern president, signing more than 140 orders...
Economy

Company News

Latest News

ArcelorMittal wants ‘amicable solution’ on Italy steelworks

ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome...
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...
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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Bahrain and Slovakia to ramp up cooperation in urban planning

Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development. In...
  • The CEO of UPDA lay emphasis on the need for exchanging expertise and technologies in the field of urban development
  • Al Khayat apprised the delegation about UPDA’s role in overseeing the policy of sustainable urban planning in the kingdom
Business

Cinema ticket prices in Saudi Arabia decline by 16% in 2023

Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...
  • With 627 screens across 69 venues nationwide, Saudi Arabia's cinema sector is expanding at one of the fastest rates globally
  • In 2022 and 2023, box office sales exceeded $240 million annually, with over 17 million cinema tickets sold in 2023 alone
Economy

Global leaders need digital skills for AI management

"Governments should design solutions to face these challenges rather than ignoring them, leveraging the positive effects and significant opportunities presented...
  • Equipping global leaders with digital skills will ensure effective implementation across various economic sectors.
  • The success of governments is tied to their proactive approach in adapting to new technological advancements.