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.

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

China vows massive high-tech sector development in next decade

Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...

Economy
Economy

Japan quake death toll jumps to 161, 103 missing

According to authorities in the central Ishikawa region hit by the 7.5-magnitude quake, the number of people unaccounted for fell...
  • The rescue work is being complicated by roads cut off by the quake and landslides.
  • Around 20,700 households in the wider Ishikawa region remain without electricity
Business

Utilizing AI is only possible if skill gap is bridged, says expert

DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
  • As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
  • Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.
Geostrategy

UK announces Europe’s first high-tech uranium fuel plant

HALEU fuel is needed to power many of the next generation of advanced nuclear reactors, including so-called small modular versions...
  • UK government said it would invest $382 million building a high-assay low-enriched uranium programme that would help "displace" Moscow from global energy mar
  • The British investment is part of plans to deliver up to 24 gigawatts of electricity from nuclear power by 2050, a quarter of the United Kingdom's electricity needs
Economy

Qatar rises as a premier sports tourism destination

“In addition to hosting a variety of sports events, especially the FIFA World Cup Qatar 2022, Qatar has shown the...
  • Qatar has emerged as a top sports tourism destination with advanced infrastructure and facilities.
  • The Gulf country boasts its successful hosting of FIFA World Cup 2022, voted the best this century.
Economy

Qatar National Bank forecasts world economic growth to be 2.9% in 2024

Doha, Qatar--Qatar National Bank (QNB) expects the global economic growth to be around 2.9 percent in 2024, roughly the same...
  • QNB said that its view is more bullish than others as the bank believes the global economy to expand by 2.9 percent roughly the same rate as last year
  • It believes the US economy would slow down as the US fiscal thrust is set to decelerate from a positive 1.9 percent in 2023 to a negative 1.4 percent in 2024

Global maritime trade sails into geopolitical storm

Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...
  • Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea for the "foreseeable future" after Yemeni rebels attacked its merchant ships
  • Vessels are circumnavigating Africa via the Cape of Good Hope, which extends the journey between Asia and Europe by 10 to 20 days on average, said general manager of Ovrsea
Economy

‘Dubai reinforces global leadership in healthcare’

“Biomedical and health informatics professionals attending MedInfo 2027 will enjoy a world-class event in a thriving global city within close...
  • Dubai successfully bids for World Congress of Medical Informatics (MedInfo) 2027.
  • The emirate becomes first city in the MENA region to host this prestigious event.
Economy

UAE market cap soars as top 16 companies hit $734bn

Abu Dhabi, UAE - The aggregate market capitalization of the top 16 national companies listed on local exchanges stood at...
  • The 16 listed companies accounted for about 74% of the total market capitalization of the local stock markets, which was around $998 billion at the close of trading
  • The IHC held the top position with a market capitalization of more than $244 billion, approximately 24.5% of the local markets' capitalization
Economy

2024 set to see new era of digital transformation

The GCC region is on the brink of a major tech revolution, led by advancements in AI, fintech, and sustainable...
  • The GCC region is on the brink of a major tech revolution, led by advancements in AI, fintech, and sustainable technology, UAE-based tech expert Dua Al Toobi tells TRENDS.
  • Innovations are set to reshape the Gulf's economic and social landscape in 2024, marking a pivotal shift towards a knowledge-based economy, adds Al Toobi.
Economy

Eurozone inflation rises to 2.9% in Dec mainly due to energy costs

The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on...
  • Energy prices in the eurozone fell in December, by 6.7 percent on an annual measure, but that was less than the 11.5 percent drop in November
  • Among the 20 countries that use the euro, Belgium and Italy had the lowest inflation rate, reaching 0.5 percent in December

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

Company News

Latest News

Apple expects $900 million hit from tariff war

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting...
Economy

Slower growth expected in MENA region in 2025: IMF

"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...
Economy

US reaching out to China for tariff talks: Beijing state media

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Saudi Arabia and Qatar to settle Syria’s World Bank debt

Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...
  • Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers since the ouster of longtime strongman Bashar al-Assad in December.
  • The statement came just days after Syria's central bank governor and finance minister attended the IMF and World Bank spring meetings for the first time in more than 20 years.
Business

Trump trade war pushes firms to consider stockpiling

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...
  • Whether it's the luxury, electronics or pharmaceutical sectors, US President Donald Trump's unpredictability complicates the calculations of firms.
  • Some companies didn't wait for Trump's April 2 announcement of massive "reciprocal" trade tariffs: they had already begun shipping more of their goods to the United States.
Economy

Tariff war: Xi says China must ‘overcome’ AI chip challenges

Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...
  • China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington
  • Since the launch of ChatGPT in November 2022, generative AI models have proliferated in the United States and China