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.

UAE ranks first in Arab world, 11th globally in Global Knowledge Index

Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...
  • Other GCC countries -- including Qatar , Saudi Arabia, Kuwait , Oman and Bahrain -- also figured prominently in the index
  • Switzerland ranks first globally, followed by Sweden, the US, Finland and the Netherlands

Morocco’s economy to grow 6.3% in 2021, says IMF

Morocco’s new government aims to narrow the wealth gap in the country where unemployment is running at almost 13 percent....
  • After shrinking at 6.3% in 2020, Morocco's GDP is expected to grow at 6.3% in this year
  • Morocco's health crisis caused by coronavirus has been controlled

Turkey pledges to protect Mediterranean Sea

Turkey, the last G20 country that ratified the Paris climate agreement, faces criticism for how it treats its water.
  • Microplastics pollution in the Mediterranean Sea poses a threat to marine life
  • Turkey’s southern shores on the Sea of Marmara has witnessed the largest outbreak of ‘sea snot’

Qatar, UNESCO launch Arabic version of freedom of expression report

While launching the report, Acting Director of the Information Office at the Ministry of Foreign Affairs Ibrahim bin Sultan Al...
  • The launch of the Arabic version of the report is the first fully translated into a language other than English
  • Qatar hopes that the report will be an entry point for discussion for academics, journalists, and the public about misleading information

WHO allays Omicron fears, says it may not dodge all vaccines

According to WHO, the existing vaccines might prove less effective against the new Omicron variant as it counts more than...
  • Omicron is better at infecting those who are vaccinated or those earlier had Covid-19
  • According to the South African data, the new variant of Covid-19 is likely more transmissible than previous variants

WHO says no Omicron deaths yet, as variant spreads worldwide

There had been a spike in the number of children under five admitted to hospital since Omicron emerged.
  • Mild symptoms as headaches, sore throat, and coughs reported on those afflicted of Omicron
  • The first detected in South Africa omicron variant of COVID-19 has now reached to 38 countries

IMF says Omicron could slow global growth

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
  • The emergence of omicron led to a major crash in the global stock and oil markets in late November
  • WHO highlighted the issue of inequitable distribution of vaccines on several occasions

WTO deal saves businesses $150bn a year

The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.
  • The agreement is said to have called for members countries and groupings to create domestic regulation for services
  • Such regulations would ‘improve the business climate, lower trade costs, and cut red tape so as to facilitate services trade worldwide’

World needs $41bn aid for vulnerable next year: UN

The annual appeal by UN agencies and other humanitarian organisations said that providing aid to the 183 million most vulnerable...
  • The pandemic has forced 20 million people into extreme poverty, but the Omicron variant would cause more damage, said the UN
  • It has asked donors for more fund as Covid-19, the climate crisis, and wars left millions of people helpless

WHO warns of ‘toxic mix’ as EU chief mulls mandatory Covid jabs

Nations with high vaccination rates are also struggling to contain rising infection numbers of Covid-19.
  • Dozens of countries have imposed travel restrictions mostly targeting southern African nations
  • Omicron threatens the world’s recovery and lowered growth estimates from 5.7% to 5.6%

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...

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Turkey’s Erdogan to visit Russia for talks with Putin

Turkish President Recep Tayyip Erdogan is to visit Russia "soon" for talks with Vladimir Putin on reviving a deal to...

Iran says European countries willing to buy our drones

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...

Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Spanish footballer Veiga to play for Saudi club Al Ahli

Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a...
  • Neither Celta nor Al-Ahli disclosed Veiga's transfer fee but reports said it was around 35 million euros ($38 million).
  • Veiga was linked to several top European clubs this summer after impressing last season with Celta Vigo.

US Federal Reserve prepared to raise interest rates further

The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...
  • After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
  • The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.

Liverpool manager dismisses suggestions Salah could leave for Saudi club

LIVERPOOL, UK - Liverpool manager dismissed suggestions on Friday that Mohamed Salah could become the latest star name to depart European...
  • Salah signed a three-year contract extension at Anfield just over 12 months ago.
  • Al-Ittihad are trying to lure the Egyptian to the Gulf state with a huge salary offer.