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.

Bahrain: Financial pioneer of the Gulf

In the post-digital world, Bahrain’s center of activity, the city of Manama, has stiff yet healthy competition from the GCC...

Economy

Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors

The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...

Economy
Business

Mawani reports rise in container handling

The growth aligns with the aims of national logistics strategy.
  • Saudi Arabia's overall ports recorded a 9.01% increase in annual container handling for 2023, reaching 11,380,302 TEU compared to 10,439,620 TEU in 2022
  • Transshipment containers also experienced an 8.96% increase in volume, with 3,237,490 TEU transshipped in 2023 compared to 2,971,233 TEU in 2022
Economy

CBUAE balance sheet touches US$182 billion in November 2023

Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to $182.43 billion at...
  • The UAE central bank's balance sheet maintained a steady 21.2% growth rate throughout the first eleven months of 2023
  • According to the CBUAE, investments and deposits also played a huge role, totaling $56.63 billion and $26.53 billion respectively
Business

China’s economic recovery stalls as growth flags

The country's national bureau of statistics said that GDP grew 5.2 percent to hit 126 trillion yuan ($17.6 trillion) as...
  • But Wednesday's reading is an improvement on the three percent growth recorded in 2022
  • China's exports -- historically a key growth lever -- dropped last year for the first time since 2016
Economy

Saudi startups soar amid surge in venture investments

Saudi Arabia, which secured over 50 percent of MENA's total venture investments in 2023, strategically focuses on financial technology to...
  • Saudi Arabia, which secured over 50 percent of MENA's total venture investments in 2023, strategically focuses on financial technology to support Vision 2030,
  • The Saudi Venture Capital Company plays an important role, with more than $2.1 billion invested in various sectors, marking a new era of innovation and growth.
Business

Counterfeit products cost Europe $13 billion, 200,000 jobs a year

Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...
  • The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing sector, costing 12 billion euros ($13.1 billion) annually
  • The bulk of the counterfeiting occurred in just five EU members, with Germany, France, Italy, Spain and Austria accounting for half the yearly losses
Opinion

AI revolutionizes UAE’s life sciences & healthcare

"By leveraging advanced data analysis techniques to process extensive datasets from diverse sources, including genomic data, scientific literature, and clinical...
  • AI is transforming drug discovery, diagnostics, and personalized treatments, marking a new era in medical research.
  • The UAE, especially Abu Dhabi, is setting global standards in longevity and healthcare integration for better future.
Geostrategy

Iran, India reach final agreement on Chabahar Port

Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...
  • Chabahar Port, Iran's sole oceanic port on the Gulf of Oman, holds strategic importance both strategically and economically
  • In May 2016, India, Iran, and Afghanistan signed a trilateral agreement for the Chabahar port, facilitating New Delhi's access to Kabul and Central Asia
Economy

Saudi authorities reduce fee for recruiting domestic help

Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut...
  • The ministry had previously directed licensed recruitment companies and offices to set the upper limit for the costs of recruiting domestic worker services from some nationalities
  • The decision comes within the framework of the ministry’s effort to develop all services, improve the labor market environment and enhance its attractiveness
World Economic Forum

IMF chief at Davos: AI holds risks, opportunity for global economy

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...
  • "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.
  • Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.
Economy

Saudi inflation rate declines slightly to 1.5 percent in Dec: GASTAT

Riyadh, Saudi Arabia -- Saudi Arabia’s inflation declined to 1.5 percent in December 2023, compared with 1.7 percent in November, according to recent...
  • The cost-of-living index for December rose to 110.15 points, according to the base year 2018, from 108.53 points in the same month a year earlier.
  • Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

Bahrain: Financial pioneer of the Gulf

In the post-digital world, Bahrain’s center of activity, the city of Manama, has stiff yet healthy competition from the GCC...
Economy

Company News

Latest News

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...
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...
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...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...
  • The meetings marked the first time senior officials from the two countries met since Trump slapped steep levies on China
  • After the first day of negotiations, Trump had posted on Truth Social that the discussions had been "very good"
Economy

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...
  • The discussions are the first time senior officials from the world's two largest economies have met face-to-face to tackle the thorny topic of trade
  • Ahead of the meeting, Trump signaled he might lower the tariffs, suggesting on social media that an "80% Tariff on China seems right!"
Economy

US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...
  • US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier He Lifeng
  • The talks were being held at the residence of the Swiss ambassador to the United Nations in Geneva