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.

Qatari firm to invest $29.7 billion in Egypt coastal development

The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...

Economy

Social media fooled by AI video of ‘sky stadium’ for Saudi 2034 World Cup

Paris, France - An AI-generated video claiming to show one of the football stadiums for the 2034 FIFA World Cup...

Economy
Economy

Pakistan, Dubai ink deals worth $3 billion at Davos

Davos, Switzerland - Pakistan and Dubai signed two agreements totaling over $3 billion on the sidelines of the World Economic...
  • One of the key agreements involves the establishment of a rail-based dedicated freight corridor
  • It will run from Karachi Port on the Arabian Sea through Karachi to the Pipri Marshalling Yard
World Economic Forum

Middle East needs strong Saudi Arabia, says kingdom’s finance minister

Dubai, UAE-- Saudi Arabia's Finance Minister Mohammed Al-Jadaan said the Middle East needs a strong Saudi Arabia to contribute and...
  • The World Economic Forum meeting in Saudi Arabia will address economic issues, international cooperation and global challenges
  • The kingdom's finance minister said the region requires a strong Saudi Arabia to contribute and that future outlook looks positive
Business

UAE ranks first in Arab world in labor-resilient countries, says report

Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...
  • As the world confronts the challenges of global warming and the transition to a sustainable future, the impact on labor markets looms large.
  • The direct consequences of climate change, including displacement, migration, and fluctuations have become increasingly pervasive.
Economy

Qatar’s IPI declines by 1.5 percent in November 2023

DOHA, QATAR – The Industrial Production index (IPI) of Qatar in November 2023 reached 91.7 points which is a fall...
  • The IPI, which is released by the Planning and Statistics Authority, is a short-term quantitative index that measures the growth of various industrial sectors in the economy.
  • The relative weight of main economic sectors under this indicator include mining (82.46 percent), manufacturing (15.85 percent), electricity (1.16 percent), water (0.53 percent).
Economy

China’s economy to grow steadily in 2024, say analysts

Beijing, China--China's economy is likely to pick up the pace and grow steadily in 2024 after a bumpy recovery last...
  • Many experts believe that China needs to set an annual GDP growth target of around 5 percent to boost business confidence
  • The Chinese economy grew 5.2% in the fourth quarter of 2023 year-on-year, following a 4.9% growth in the third quarter
Economy

Dubai at forefront of sustainable energy innovations

“We're witnessing strong, growing, and sustainable demand for energy and water in Dubai. In 2023, the peak electricity load rose...
  • DEWA’s state-of-the-art infrastructure bolsters Dubai's global economic and trade hub status.
  • World's largest solar-powered desalination plant is set to enhance the emirate's water security.
Business

Apple loosens grip on iPhone apps

Apple will permit developers to include buttons or links in apps.
  • The move came after the US Supreme Court on Tuesday declined to hear appeals by Apple and Epic of a lower court ruling in which the iPhone maker was seen as the victor.
  • Epic in 2020 launched a case aiming to break Apple's grip on the App Store, accusing the tech giant of operating a monopoly in its shop for digital services
World Economic Forum

WTO head ‘less optimistic’ for world trade due to Red Sea strikes

The head of the international trade body said weaker global economic growth, "worsening geopolitical tensions, the new disruptions we see...
  • Before the outbreak of war in Gaza, the WTO had predicted trade would grow by 0.8 percent in 2023 and projected growth of 3.3 percent this year.
  • "We think there are a lot of downside risks to the forecasts we had made last year of 3.3% of growth of merchandise volumes this year. So we expect weaker performance," she said.
World Economic Forum

World Economic Forum foresees ‘significant economic slowdown’

Davos, Switzerland--A new World Economic Forum report titled the Future of Growth Report 2024 foresees a significant economic slowdown, estimated...
  • The WEF report offers a re-evaluation of global economic growth, introducing a new framework that takes a holistic look at GDP
  • The report adds that high income economies in 2023 saw average annual GDP per capita growth of 1.01% over the past five years
Economy

Gold extends slide after Fed dampens March rate cut hope

Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve...
  • Spot gold was down 0.2% at $2,023.49 per ounce, as of 0415 GMT, after stooping 1.3% in the previous session - its biggest single-day decline since 4th December 2023
  • The US Dollar Index, which gauges the dollar's strength against a basket of major currencies from key US trading partners has surpassed the 103.30 level

Qatari firm to invest $29.7 billion in Egypt coastal development

The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...
Economy

Company News

Latest News

China factory output beats forecasts, weathering tariffs

Beijing, China - Factory output in China grew at a faster rate than expected last month, official data showed Monday,...
Economy

General Gulf inflation rate logs 1.7% by end of Dec 2024

Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
Business

US stocks move sideways but poised for weekly gains

The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

US, China to slash tariffs as Trump to speak to Xi

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies...
  • The world's two biggest economies agreed in a joint statement to bring their triple-digit tariffs down to two figures and continue negotiations
  • China hailed the "substantial progress" made at the talks, held at the discreet villa residence of Switzerland's ambassador to the United Nations in Geneva
Economy

US, China to publish details of ‘substantial’ trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...
  • It was the first time senior officials from the world's two largest economies have met face-to-face to talk trade since Trump imposed steep new levies on China totalling 145%
  • The trade spat between Washington and Beijing has rocked financial markets and raised fears of a global economic slowdown and an inflationary spike in the United States
Economy

Asian markets rally after positive China-US trade talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the...
  • Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2
  • The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent