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.

Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

Geostrategy

Osaka Expo 2025 opens: World gathers amidst hope and global tensions

From quirky Hello Kitty algae sculptures to demonstrations of flying vehicles and lunar samples, the Osaka Expo offers a fascinating...

Geostrategy
Business

Global Carbon Council, EGX sign MoU to launch voluntary carbon market

Doha, Qatar--The Doha-based Global Carbon Council (GCC) and Egyptian Exchange (EGX) have signed a memorandum of understanding (MoU) to launch...
  • EGX will list carbon credits issued by GCC, widening offerings to investors looking for a diversified portfolio of CCs
  • They will also collaborate on development initiatives aimed at improving the efficacy of carbon offsetting mechanisms
Economy

UAE okays 24 initiatives to double re-export industry by 100%

Abu Dhabi, UAE--The UAE government has endorsed 24 national initiatives to double the country’s re-export industry by 100 per cent...
  • The cabinet approved the hosting of the IUCN World Conservation Congress 2025, which is set to draw 10,000 environmental experts and specialists from 160 countries
  • It will demonstrate the country's commitment to sustainable economic development and preserving the environment for future generations
Science

Regular, medium-risk adults don’t need extra Covid jabs: WHO

The WHO's vaccine experts are no longer recommending additional Covid-19 vaccine booster doses for regular, medium-risk adults because the benefit...
  • The updated recommendations were issued after the UN health agency's Strategic Advisory Group of Experts on Immunisation had its regular biannual meeting
  • The additional booster shots are recommended by SAGE after the first one only for people at the highest risk of developing severe Covid-19 disease
Business

UAE, Costa Rica start talks to form economic partnership agreement

UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s...
  • The trade and investment exchanges between the two countries continue to grow as the non-oil trade reached $58.7 million in 2022
  • The UAE’s investments in Costa Rica span sectors such as IT, tourism, retail, advertising, media, real estate, renewable energy, air transport, and logistics.
Economy

Bahrain posts highest real GDP growth in nearly a decade

The kingdom witnessed 6.2 percent non-oil real GDP growth, the highest since 2012 and higher than the 5 percent annual...
  • The kingdom also reported a drop in deficit to GDP to -1.1 percent, a drop in debt to GDP to 100 percent and a primary surplus of 3.3 percent.
  • The Economic Recovery Plan is one of Bahrain’s biggest programs, with over $30 billion catalyzed for investment and reforms made to improve ease of doing business.

Egyptians cling to Ramadan charity as inflation soars

Families have buckled under the weight of inflation, which hit 32.9 percent in February as Egyptians tried to fill their...
  • For many families, Ramadan boxes of food staples or daily charity iftar meals, organised in droves across the country are their only chance to eat meat or chicken
  • Before Ramadan began, the charities upon which tens of millions of Egyptians depend raised the alarm that they were struggling to meet more people's needs
Business

Binance, crypto firm, hit with US charges for violating trade rules

The charge sheet accuses Binance of failing to uphold standards that are required of a company operating as a derivatives...
  • CFTC chairman said the charges against Binance were part of a campaign to find and stop misconduct in the volatile and risky digital asset market
  • The allegations targeted Binance founder Changpeng Zhao, also known by his Twitter handle CZ, and three entities that make up his crypto empire
Economy

Russian oil sales to India surge as European buyers turn to other markets

Moscow, Russia--Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the...
  • When EU nations began ending thier reliance on Russian energy supplies, Moscow shifted its oil exports to India and China
  • Compared to last year, Russia's oil-export revenue dropped by almost half in February, according to the International Energy Agency
Business

Qatar opens new derivatives market, investors can trade options, futures

Doha, Qatar--Qatar's bourse intends to open a new derivatives market that will allow investors to trade options and futures on...
  • The country's financial regulator has issued a new regulatory framework for listed derivatives after a long consultation with investors and market participants
  • Qatar is now focused on building its equities market by opening it up to a wider investor base and introducing more listings
Economy

Saudi bus crash kills 20 pilgrims on way to Mecca: state media

Riyadh, Saudi Arabia--A bus ferrying pilgrims to the holy city of Mecca burst into flames after a collision on a bridge...
  • According to state media the bus was carrying pilgrims to the holy city of Mecca when it burst into flames after a collision on a bridge
  • Al-Ekhbariya channel reported that the victims had "different nationalities" but did not mention them or provide a breakdown

Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...
Geostrategy

Company News

Latest News

Houthi attacks idle Suez Canal, deepen Egypt’s economic woes

The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit...

UAE passport most powerful in MENA region, 11th in global index

Abu Dhabi, UAE - The UAE passport has climbed two positions to secure the 11th spot in the 2024 Passport...
Economy

World adds 50% more renewable energy capacity in 2023

The International Energy Agency said that the renewable energy capacity added to energy systems went up 50 percent in 2023,...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Infographics

Saudi, UAE report highest levels of gross debt

Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...
  • Developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank said recently.
  • The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment.
Business

Five new residency programs to attract talent to Saudi Arabia

These residency products offer several benefits, including the ability to conduct business and invest in Saudi Arabia, own real estate,...
  • Special Talent Residency: is focused on attracting healthcare professionals, scientists, and researchers with exceptional expertise and experience.
  • Entrepreneur Residency is geared towards aspiring entrepreneurs and innovators eager to launch and grow their startups in the Kingdom.
Business

Saudi Arabia raises mineral resources estimates to $2.5 trillion

The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of...
  • The estimates were revised for phosphate, gold and rare earths. Moreover, the Kingdom’s reserves potential grew by 90 percent, the minister said.
  • Despite being one of the wealthiest countries in terms of mineral wealth, the Kingdom is the world's fourth-largest importer of minerals.