INSEAD Day 4 - 728x90

Global

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.

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...

Geostrategy

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...

Geostrategy
Economy

Digital Cooperation Organization launches Startup Passport at LEAP

The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and...
  • The initiative will start initially in Saudi Arabia and Nigeria, opens potentially lucrative markets with a combined population of more than half a billion.
  • The Startup Passport addresses the problems of SMEs challenges by reducing administrative and financial burdens and accelerating corporate registration.
Economy

Second instalment of Sunref energy program launched in Palestine

Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green...
  • The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable projects.
  • The program plays a crucial role in the Palestinian ecological system since energy services’ costs are high.
Economy

IMF and World Bank delay annual meet again

The annual meetings set to take place in Morocco will be held in Washington.
  • The 2020 meeting of IMF, World Bank was held virtually and the 2021 meeting in a hybrid format
  • Marrakesh was scheduled to host in 2020, will be the site of next year's event
Analysis

Low-code, no-code tools decode GCC’s digital gains

The growth of low-code tools, heightened by digital transformation, is expected to bring about general employee upskilling across several industries...
  • Businesses adopt many tools when they are going through a digital transformation
  • They are often categorized as low-code or no-code, depending on how much programming they need
Analysis

Transformation will propel MENA economy: IMF

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
  • Jihad Azour, Director of the Middle East and Central Asia Department at IMF, has said the economic recovery of the region is affected by several factors
  • However, the region needs to rely on an agenda of transformation policies to continue down the path of economic recovery
Geostrategy

Kuwait Red Crescent Society, ICRC to support relief program for Rohingyas

Kuwait Red Crescent Society and International Committee of the Red Cross will support and implement a relief medical program for...
  • The agreement with ICRC supports the health, water and sanitation sectors, said Dr. Hilal Al-Sayer, chairman Kuwait Red Crescent Society.
  • Through these joint efforts, thousands of people will receive vital humanitarian assistance, including health care.
Geostrategy

US values the role Kuwait plays as advancer of peace: Antony Blinken

US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as...
  • Kuwait has been an indispensable bridge to try to resolve challenges in the region and even beyond, Blinken said.
  • He said Kuwait has developed relationships with both Lebanon and Iraq, which is something US places tremendous value in.
Geostrategy

US agency designates three Hezbollah-linked financial facilitators

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Hezbollah-linked financial facilitators and their Lebanon-based...
  • This action comes at a time in which the Lebanese economy faces an unprecedented economic crisis.
  • OFAC designated Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame, and their company, Dar Al Salam for Travel & Tourism.
Economy

Millionaires, non-profits make joint appeal for wealth tax

A wealth tax on the world's richest people could raise at least $2.52 trillion per year.
  • The proposal comes from a network of NGOs, social movements, and pro-tax millionaires
  • It follows separate reports showing that the world's wealthiest people have grown richer during the pandemic
Geostrategy

UAE demands UNSC meeting after Houthi attacks

Several countries — ranging from regional ones like Qatar, Bahrain, Kuwait, Iraq, and Egypt, to Russia and the US —...
  • The UAE has called on the UNSC to unequivocally condemn the Houthi attacks with one voice
  • UN Secretary-General Antonio Guterres has already condemned the attack, besides calling for restraint

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
Geostrategy

Company News

Latest News

2023 likely to be hottest year in human history, says EU climate monitor

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
Geostrategy

World inches step closer towards plastic pollution deal: UN

Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
Geostrategy

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Tech’s carbon footprint: can AI revolutionize responsibly?

The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
  • In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.
  • Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.
Geostrategy

Grain deal in focus as Putin, Erdogan all set to meet

MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
  • Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea.
  • Turkey's foreign minister Hakan Fidan said on a visit to Moscow on Thursday that reviving the deal to ship Ukrainian grain across the Black Sea was "critical" for food security.
Geostrategy

Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn

TEHRAN, IRAN  – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four...
  • In the four-month period, Iran exported 8.161 million tons of non-oil commodities to ECO member states.
  • In the same period, Iran imported 1.394 million tons of goods, valued at $2.445 billion, from the ECO states.