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.

 Kuwait rises on the strength of collaboration: Airlines deal and sweeping reforms fuel economic revival

In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...

Economy

UAE company inks $22 mn deal for stake in Latakia container terminal

Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...

Economy
Economy

Saudi Arabia launches program to boost exports

Riyadh, Saudi Arabia - Saudi Arabia has embarked on a program to equip Saudi exporters with the necessary information on...
  • General Authority for Foreign Trade, through its Agency for Private Sector Affairs and International Representation, has launched workshops called "Through the Attachés"
  • The Foreign Trade Authority, with a focus on boosting exports, and safeguarding trade interests, plays a critical role in developing the national economy
Interview

WEF24: Corruption puts institutions, growth at risk

Despite existing laws, global corruption has not decreased due to lack of enforcement and judicial independence, Francois Valerian of Transparency...
  • Despite existing laws, global corruption has not decreased due to lack of enforcement and judicial independence, Francois Valerian of Transparency International tells TRENDS.
  • Corruption, a global economic issue, involves cross-border reinvestment of stolen funds, necessitating stronger, independent judicial systems to enforce anti-graft laws, he adds.
Economy

UAE healthcare spending set to reach $30.6bn by 2027

The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a...
  • The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a white paper.
  • Precision medicine has been identified as a key departure from traditional healthcare approaches, focusing on patient-centered care, the report highlights.
Business

Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report

DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...
  • There are currently 1.6 million individuals with investable assets of over US$1 million in the leading emerging economies.
  • The UAE’s millionaire population has shot up since 2013, by 77 percent, and is now home to 116,500 millionaires
Business

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
  • In a statement following a meeting via videoconference, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ stopped short of making any recommendations on its output policy.
  • However, the panel said it "reviewed the crude oil production data for the months of November and December 2023", noting the "high conformity" among participating nations.
Business

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
  • The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.
  • MC13 will seek key reforms to the global trading system, including expanding WTO membership .
Economy

GCC central banks mimic Fed, hold interest rates steady

Abu Dhabi, UAE--In a significant move that underscores the interconnectedness of global monetary policies, central banks across the Gulf Cooperation...
  • CBUAE has kept the base rate applicable to the overnight deposit facility (ODF) at an unchanged level of 5.40%
  • The US Federal Reserve held its key interest rate steady and hinted at the possibility of rate cuts in the future
Economy

Egypt grapples with dollar crunch as debt explodes

With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the...
  • Egypt has seen remittances from overseas workers drop 30% in July-September 2023 alone
  • Its external debt rose to $164.7bn and the cost of servicing that debt this year will be $42bn
Business

UAE economy to grow 5.7% in 2024 in spite of global challenges

Abu Dhabi, UAE-- The UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, including...
  • According to a top official in the ministry of finance, the country's initiative to diversify the economy and promote sustainable growth have proven effective
  • The official said that the UAE's non-oil foreign trade touched a record of $338 billion in the first half of 2023, marking a 14.4% increase from the same period in 2022
Interview

WEF24: Geopolitical upheaval to affect global economy

Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of...
  • Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.
  • Economic outlook remain tough with inflation-growth conflict as US stays stable, Europe stagnant, and China slowing, spotlighting on central banks' strategies, he adds.

 Kuwait rises on the strength of collaboration: Airlines deal and sweeping reforms fuel economic revival

In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...
Economy

Company News

Latest News

MENA Outlook: Diversification, AI, and economic integration take centre stage

As the region pivots toward a post-oil future, recent developments across the Middle East and North Africa suggest an accelerating...
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...
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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Lebanon on bumpy road to public transport revival

Beirut, Lebanon - On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one...
  • Lebanon's public transport system never recovered from the devastating 1975–1990 civil war that left the country in ruins, and in the decades since, car culture has flourished
  • Even before the economic crisis that began in 2019, the country was running on empty, grappling with crumbling power, water and road infrastructure
Business

Oil under $65 a boon for consumers, but a burden on producers

London, United Kingdom -- US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by...
  • The fall in oil prices has contributed to a global slowdown for inflation, while also boosting growth in countries reliant on importing crude, such as much of Europe.
  • Cheaper crude "increases the level of disposable income" consumers have to be spending on "discretionary items" such as leisure and tourism, experts say.
Science

How social media can ‘trigger’ eating disorders in young people

Paris, France -- Social media can push vulnerable young people towards developing eating disorders by glorifying thinness and promoting fake,...
  • Young women and girls are much more likely to suffer from illnesses such as anorexia, bulimia and binge eating disorder, though rates among men have been increasing.
  • Research has shown the percentage of people worldwide who have had some kind of eating disorder during their lives rose from 3.5 percent in 2000 to 7.8 percent in 2018.