INSEAD Day 4 - 728x90

Economy

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

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.

OPEC lowers 2025 oil demand forecast over impact of US tariffs

 The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...

Economy

European Union and UAE agree to launch trade deal negotiations

Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...

Geostrategy
Geostrategy

Violent scenes in France as protests begin against reservoir construction

SAINTE-SOLINE, FRANCE - French security forces again clashed with protesters Saturday as campaigners sought to stop the construction of reservoirs for...
  • Multiple projectiles and improvised explosives were thrown by protesters, with police responding with tear gas and water cannon.
  • Eleven people were already detained after police seized cold weapons, including petanque balls and meat knives, as well as explosives.
Geostrategy

UAE highlights food, energy insecurity at G20 Finance Track meeting

CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...
  • The UAE delegation highlighted emerging uncertainties in the finance sector.
  • The delegation discussed effective ways to promote global financial stability.
Science

EU, Germany reach deal on fossil fuel car phaseout

BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...
  • A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
  • Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.
Business

Deutsche Bank shares tank

The shares fell on the lender's rising cost of default cover.
  • The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade
  • German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations
Economy

E-invoicing: Saudi Arabia stipulates criteria for selecting establishments

Riyadh, Saudi Arabia - Saudi Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for selecting the establishments targeted...
  • The authority said it would inform the selected establishments six months before the enrollment date
  • Implementation of the first phase of the e-invoicing system began on December 4, 2021
Economy

Qatar’s GTA extends deadline for filing of income tax returns

Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...
  • The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
  • The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time
Economy

Greece, Italy to discuss rail ‘restart’ after tragedy: PM

Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...
  • The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May
  • Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people

Robust customer protection makes UAE market stable

"Despite the challenges faced by the global supply chains due to today’s political and economic developments, the Ministry made sure...
  • The UAE's Ministry of Economy collaborates with government partners and stakeholders to develop consumer protection policies and ensure market stability, says an official
  • The Ministry conducts inspections to monitor compliance with decisions issued regarding prices and quality products, and to prevent fraud and trademark infringements, he adds
Economy

Luxury, safety, modernity keep UAE hospitality ahead

The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel,...
  • The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel, Naim Maadad of Gates Hospitality tells TRENDS
  • Dubai's hospitality industry is bouncing back from the pandemic with both leisure and business trips on the rise, and the industry anticipating a prosperous year ahead, he adds
Economy

European economy reaches 10 month high after surge in March

BRUSSELS, BELGIUM - Economic growth in the eurozone accelerated in March and hit a 10-month high, according to a closely watched...
  • The S&P Global Flash Eurozone purchasing managers' index showed the indicator at 54.1, up from 52.0 in February
  • Inflation remains much higher than policymakers' target but eurozone consumer prices have also fallen in recent months

OPEC lowers 2025 oil demand forecast over impact of US tariffs

 The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...
Economy

Company News

Latest News

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
Economy

Boost investment to avert ‘decade of wasted opportunity’: World Bank

Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...
Economy

Bitcoin surpasses $47,000, first time since March 30, 2022

Abu Dhabi, UAE - Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi Arabia tops MENA in venture capital investment in 2023

Riyadh, Saudi Arabia - Saudi Arabia achieves first rank across MENA for the first time in terms of the amount...
Geostrategy

Saudi Arabia, Belarus ink MoU to boost trade, investment

RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...
  • Under the pact, the two parties will exchange information related to trade, business environment, investment, production and export opportunities.
  • The two parties will organize joint research activities pertaining to marketing to enhance trade prospects and explore ways of improved cooperation.
Business

Dubai SME joins hands with CXDA to attract investment

DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...
  • The strategic partnership with Dubai SME outlines a comprehensive roadmap.
  • This will introduce AI for equipping SMEs with innovative financial solutions.