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.

Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy

Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...

Economy

China’s consumer prices rose in Oct, reversing stagnation

Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...

Economy
Economy

GCC ministers hold discussion on food security in the region

Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from...
  • The GCC secretary-general said that food security in the GCC countries receives great attention from the leaders of the GCC countries
  • He lay stress on involving all sectors of Gulf society, including the government, private sector, and civil society, to tailor the strategy
Economy

GCC leaps into healthy aging with tech and policy

In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says...
  • In the Gulf countries, a transformative journey toward healthy aging is underway, fueled by technological advancements and government initiatives, says an expert.
  • With the UAE leading in longevity research and AI revolutionizing healthcare, the region is on a promising path to ensure longer, healthier, and more fulfilling lifespans.
Economy

Number of visitors to Qatar rises 31.9 percent in December, says report

DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
  • Qatar Monthly Statistics bulletin said the highest number of visitors was from the Gulf Cooperation Counci at 33 percent.
  • According to the bulletin, the total number of registered new vehicles in December 2023 has reached 3,390 new vehicles.
Economy

Saudi Arabia sets $54m threshold for public-private partnership projects

Riyadh, Saudi Arabia - Saudi Arabia has revised the regulations of its Privatization Law, setting the minimum limit for a...
  • The amendments consist of 169 articles covering principles of privatization, minimum project values, and criteria for applying the system to privatization projects
  • Saudi Arabia initiated the privatization program in 2018 to boost the national economy, enhance the private sector's role, and allocate government assets efficiently
Economy

OPEC Fund offered US$1.7 bn in development funding in 2023

Vienna, Austria - The OPEC Fund for International Development allocated US$1.7 billion across 55 projects globally in 2023, providing funding...
  • The largest share in last year’s lending program was dedicated to policy-based-lending (31 percent).
  • The transport and storage sector received the major share of OPEC Fund’s support (14 percent)
Economy

Saudi Central Bank Governor discusses global economy in meeting with ECB chief

Riyadh, Saudi Arabia - The Saudi Central Bank Governor (SAMA) Ayman Al-Sayari discussed the recent developments in central banking and...
  • Several events were organized on the sidelines of the visit including a high-level panel discussion titled “Interconnectedness and Increasing Capital Flow.”
  • In addition, a seminar on "Women’s Empowerment within Central Banks” was conducted and featured speeches by SAMA’s governor and the ECB president
Economy

Ex-Amazon economist to head Turkey’s central bank

Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...
  • Fatih Karahan's appointment follows the resignation of Hafize Gaye Erkan after less than a year in office over a media scandal involving her family
  • The reshuffle appears to keep in place Erdogan's newfound commitment to market economics following years of financial turmoil
Economy

IMF upgrades Saudi Arabia’s 2025 economic growth prediction to 5.5%

Riyadh, Saudi Arabia - The International Monetary Fund (IMF) has revised its growth projections for Saudi Arabia's economy, revealing a...
  • The IMF envisions a 3.1% global economic growth in 2024, followed by a further increase to 3.2% in 2025
  • The upgraded forecast reflects the continuous economic growth and prosperity in the Kingdom
Business

UAE is the most popular destination for global workers, says report

Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
  • France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
  • This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.
Economy

China economic slowdown to continue for the next four years, says IMF

BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...
  • The world's second-largest economy last year saw some of its slowest growth in decades
  • A debt crisis in the property sector added to geopolitical tensions and weakening global demand.

Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy

Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
Economy

Company News

Latest News

US, China seek to extend trade truce with London talks

After a round of talks in Geneva last month, the United States and China will sit down at the negotiating...
Economy

Key MENA trends: M&A surge to five-year high, Saudi port activity rises in May

Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian...
Economy

Trump says Musk has ‘lost his mind’ as feud fallout mounts

Washington, United States - US President Donald Trump said Friday that Elon Musk had "lost his mind" but insisted he...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

IMF upgrades Saudi real GDP growth forecast to 6% in 2025, up from

Riyadh, Saudi Arabia -- The International Monetary Fund (IMF) has revised upwards its forecast for Saudi Arabia's economic growth to...
  • This adjustment from earlier estimates reflects the impact of extended oil production cuts and a slower-than-expected rebound in oil output.
  • The IMF anticipates that inflation will remain contained, with an average annual rate holding steady at 2.1 percent in 2025 and easing slightly to 2 percent the following year. 
Economy

World Economic Forum unveils framework highlighting transformative technology convergences across key industries

Agentic AI, spatial intelligence and robotic advancements in manipulation and adaptive control are enabling autonomous systems to make intelligent decisions...
  • The 3C framework – combination, convergence and compounding – identifies standout technology combinations such as cognitive robots and digital twin ecosystems
  • The framework can help industry leaders drive systemic change across infrastructure, energy, transportation and healthcare by investing in ecosystem readiness
Geostrategy

New WEF report reveals how tech convergence will reshape industries

Geneva, Switzerland – The World Economic Forum today released a new report examining how emerging technology combinations are reshaping industries...
  • AI is a key enabler, making many emerging tech synergies commercially viable across industries.
  • Digital twins, enhanced by AI and sensors, are expanding efficiency in sectors from aerospace to healthcare.