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.

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...

Business
Geostrategy

Countries evacuate citizens as Israel-Hamas war rages

Thousands of foreigners are stuck in Israel and across the Palestinian territories, where a full-blown war has erupted since Hamas...
  • Argentina, the Latin American country with the largest Jewish population, on Tuesday started evacuating over 1,200 of its citizens from Israel.
  • "Around 4,500 German citizens" have registered on a list seeking help to return, a foreign ministry source said.
Economy

World economy resilient, says IMF; keeps growth forecast unchanged

The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains...
  • Inflation, which has fallen sharply since last year, is predicted to remain elevated at 6.9 percent this year.
  • Central banks across the globe have raised interest rates sharply in efforts to contain inflation.
Geostrategy

Israel imposes total siege on Gaza after Hamas attack

Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets...
  • Israeli Prime Minister Benjamin Netanyahu threatened that "what Hamas will experience will be difficult and terrible ... We are going to change the Middle East."
  • Israel said it had called up 300,000 army reservists for its "Swords of Iron" campaign.
Business

Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023

DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate...
  • During the first half of 2023, Dubai’s global share in the attraction of Greenfield FDI projects stood at 6.58 percent.
  • The results align the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy over the next decade.
Economy

FAO raises its forecast for global cereal production in 2023

ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production...
  • The higher forecast is almost entirely based on recent and more positive yield estimates for the Russian Federation and Ukraine.
  • There will be increased wheat consumption while global rice utilization is forecast at 520.5 million tons.
Science

Drought caused major global hydropower drop in early 2023

BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023,...
  • Wind and solar generation grew more slowly in the first half of this year than in the same period last year.
  • The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.
Geostrategy

Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin...
  • The Kingdom plans on carrying 330 million passengers annually and raising freight capacity to 4.5 million tons by 2030.
  • Saudi Arabia and the Dominican Republic also signed agreements on air transport services between the two countries.
Economy

Middle East economic growth to fall in 2023, says World Bank

WASHINGTON, US - The growth of the economies in the Middle East and North Africa (MENA) is expected to fall...
  • The region’s gross domestic product is expected to fall to 1.9 percent in 2023 from 6 percent in 2022, due to oil production cuts.
  • The decline in growth this year is expected to be more pronounced in the oil exporting countries of the Gulf Cooperation Council.
Science

Nobel Chemistry Prize awarded to quantum dots researchers

The trio, whose names were leaked in the Swedish press ahead of the announcement, succeeded in producing these tiny components,...
  • Bawendi, 62, born in Paris to French and Tunisian parents, is a professor at Massachusetts Institute of Technology (MIT) in the United States.
  • Brus, 80, is a professor at Columbia in New York, and Russian-born Alexei Ekimov works at the US-based Nanocrystals Technology.
Science

Trio wins physics Nobel for illuminating electrons

France's Pierre Agostini, Hungarian-Austrian Ferenc Krausz and Franco-Swede Anne L'Huillier won the Nobel prize in physics for research using ultra...
  • The Royal Swedish Academy of Sciences likened the process to how the flapping wings of a humming bird turn into a blur for the human eye.
  • "We can now open the door to the world of electrons," Eva Olsson, chair of the Nobel Committee for Physics, said in a statement.

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...

Company News

Latest News

Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
Business

US military begins dropping aid into war-torn Gaza

Israel's top ally the United States said it began air-dropping aid into war-ravaged Gaza, as the Hamas-ruled territory's health ministry...
Geostrategy

Hamas team heads to Cairo for new truce talks

Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Total value of Saudi Arabia’s export of dates reaches US$389m in 2023

RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
  • By the end of 2023, the number of countries importing Saudi Arabian dates had reached 119.
  • The total value of date and date-byproduct exports increased by 152.5 percent since 2016.
Business

EU queries Meta about ad-free subscriptions, shadow banning

BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
  • The European Commission made a request for information under the mammoth content moderation law known as the Digital Services Act (DSA).
  • The EU has launched probes under the DSA to quiz platforms on how they are addressing concerns from consumer protection to children's activity online.
Geostrategy

Hamas says Israeli military action kills 7 hostages in Gaza

Hamas said that seven more hostages seized during its unprecedented attack on southern Israel on October 7 had died because...
  • Hamas seized around 250 Israelis and foreigners during the October 7 attack on southern Israel.
  • A spokesman for the UN agency OCHA told reporters that "if something doesn't change, a famine is almost inevitable" in Gaza.