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.

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...

Economy

UAE foreign trade increases by 49% to reach $1.42 trillion in 2024

The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...

Economy
Science

This March sets a temperature record for second-warmest month ever

Paris, France--Earth had its second-warmest March on record with Antarctic sea ice shrinking to its second-lowest extent, the EU's climate...
  • A report from the Copernicus Climate Change Service said temperatures were above average over southern and central Europe and below average over most of northern Europe
  • Climate scientists have been warning that global warming is causing sea ice to decline and sea levels to rise, and that dangerous tipping points could be reached
Geostrategy

French, EU leaders to push China for active role in Ukraine peace process

Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in...
  • The visiting French President Emmanuel Macron said that China had a "major role" to play in finding a path to peace in Ukraine
  • In a meeting with Chinese Premier Li Qiang, Macron highlighted the importance of dialogue between China and France
Economy

Saving behavior in the UAE jumps as National Bonds hit 15% growth in 2022

Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...
  • The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
  • The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
Economy

Smart drive: Saudi Arabia aims to include 15% autonomous cars in public transportation by 2030

Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are...
  • Smart mobility solutions like self-driving cars, shared mobility, and adaptive traffic lights are set to transform Saudi cities, which are focusing more on autonomous technologies
  • Innovative technologies are expected to save commuters in large cities with extensive public transportation up to 15 minutes per day, latest reports suggest
Economy

UAE Unemployment Insurance Scheme subscribers exceed 1m

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...
  • The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
  • The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
Economy

Fitch upgrades Saudi Arabia’s rating to A+ with Stable Outlook

Dubai, UAE -- Fitch Ratings has recently upgraded its Saudi Arabia’s rating to 'A+' with a Stable Outlook. The agency...
  • The upgrade reflects the kingdom's strong fiscal and external balance sheets with large sovereign net foreign assets, Fitch said.
  • The kingdom will continue to progress with fiscal, economic and governance reforms, the agency added.
Business

Jordan’s $1.25 billion Eurobonds oversubscribed six times

Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion...
  • The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
  • Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.
Economy

WTO sees 2023 global trade growth at 1.7 percent

The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...
  • The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
  • The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.
Economy

Global equities waver on US recession fears, New Zealand rate hike

Asian indices drifted after losses on Wall Street, as data showing a softening in the US jobs market pointed to...
  • The central bank of New Zealand on Wednesday became the latest to hike interest rates sharply to tackle soaring inflation.
  • Gold climbed as high as $2,028.44, a level last seen in early 2022 and not far from a record $2,075.47 set in August 2020.
Business

Lufthansa to sell catering unit

LSG Group is to be sold to private equity group Aurelius.
  • The airline giant had already sold LSG's European operations activities to Swiss-based Gategroup in 2019.
  • The Lufthansa group was brought to the brink of bankruptcy when the COVID-19 pandemic saw global air travel grind to a halt.

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
Economy

Company News

Latest News

Saudi govt exposes violations in expatriate partnerships

Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella...
Business

AI to impact 60% of advanced economy jobs: IMF’s Georgieva

The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus...
Economy

Saudi Arabia leads world in innovation and investment

"This is in the service of humanity and in building an interconnected and innovative future in various fields, including public...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Saudi Arabia to highlight role in dealing with global challenges at WEF meet

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
  • Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
  • The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.
Economy

Saudi Vision 2030 aligns with global eco-goals

"The Davos meeting provides a platform for showcasing Saudi Arabia’s significant efforts and progress in these areas ... International partnerships...
  • Saudi Arabia commits to economic diversification through Fourth Industrial Revolution technologies.
  • The Kingdom's participation in the World Economic Forum highlights its role in global challenges.

Oil prices rise on Red Sea escalation, corporate earnings season

Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...
  • In Friday trade, the Dow dipped while the S&P 500 edged higher as investors digested corporate earnings and a surprise drop in wholesale inflation
  • Leading banks were mostly lower following a deluge of quarterly results, while airlines were hammered after Delta's forecast disappointed investors