INSEAD Day 4 - 728x90

Global

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce

AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange...

Economy

Putin vows retribution on Moscow concert hall attacks, as toll rises

Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...

Geostrategy
Geostrategy

Iran’s Raisi, France’s Macron discuss ways to promote ties

Iran's President Ebrahim Raisi and his French counterpart Emmanuel Macron in a lengthy phone call discussed ways to promote ties,...
  • A 2015 nuclear accord between Iran and world powers gave the Islamic republic relief from international sanctions in return for curbs on its nuclear program.
  • In 2018 the United States withdrew unilaterally from the deal and reimposed sanctions, prompting Tehran to suspend implementing its own commitments.
Geostrategy

45 governments endorse doubling energy efficiency by 2030

PARIS, FRANCE -  Forty-five governments have endorsed doubling the average global rate of energy efficiency improvements by the end of...
  • The meeting stressed as to how energy efficiency can help accelerate clean energy transition toward reaching net zero emissions by 2050.
  • The meeting underscored that effective policies must be fully leveraged to encourage behavior change among consumers and businesses.
Geostrategy

UAE convenes Security Council meet, urges UN, League of Arab States to cooperate

NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United...
  • UAE called on UN and League of Arab States to work jointly on combating terrorism, preventing conflicts by championing the values of tolerance.
  • The UAE would support the work of the Security Council in reaching decisions that contribute to resolving Arab and international issues.
Geostrategy

Russia plans to make Iranian drones by next year, says US government

Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White...
  • "The Russia-Iran military partnership appears to be deepening," Kirby said in a statement, citing US intelligence information.
  • Washington estimates that Russia has received hundreds of attack drones as well as related equipment from Iran to aid Moscow's invasion of Ukraine.
Business

Dubai International Chamber launches International Partners Network

DUBAI, UAE - Dubai International Chamber (DIC), one of the three chambers operating under Dubai Chambers, has launched the International...
  • The International Partners Network will be focused on updating stakeholders on the chamber's attraction and expansion plans.
  • The network supports the Chamber's strategic objectives of attracting 100 SMEs, 30 MNCs, expand100 Dubai-based companies by end of 2024.
Geostrategy

GCC, US vow to work jointly for regional stability

The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the...
  • The strategic partnerships between the two sides aim at focusing mainly on peace, security, stability, integration, and economic prosperity in the Middle East.
  • Beside supporting Yemeni peace efforts and humanitarian needs, the US and GCC also make a commitment to freedom of navigation and maritime security in the Gulf region.
Economy

World Bank lowers MENA’s growth forecast to 2.2 percent in 2023

DUBAI, UAE - The World Bank raised its global growth forecast for 2023 to 2.1 percent (in June 2023) from...
  • The World Bank expects global growth to reach 2.4 percent in 2024, compared to 2.7 percent in January 2023.
  • The possibility of widespread banking disruptions and tighter monetary policy may also lead to weaker global growth.
Geostrategy

UAE highlights efforts in space sector at UN committee meet

ABU DHABI,  UAE - A high-level UAE delegation at the 66th session of the United Nations Committee on the Peaceful...
  • The UAE highlighted the significance of the peaceful use of outer space, acknowledging the right of all member states to develop their capabilities.
  • The UAE also focused on the importance of international collaboration to ensure space technologies benefit humanity in times of disaster.
Geostrategy

US, India agree on defense industry cooperation plan

The United States and India agreed a roadmap for military industrial cooperation, as New Delhi seeks to reduce its reliance...
  • Moscow and New Delhi have been allies for decades, with Russia by far India's biggest arms supplier.
  • India is looking to diversify, both by broadening its sources of imports and ramping up domestic production.
Business

Airlines to fly 4.35bn passengers this year, says industry group

ISTANBUL, TURKEY -  Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back...
  • The sector will also be back in the green, with net profits forecast to reach $9.8 billion in 2023.
  • The association said that its 2022 losses were half as bad as previously estimated at US$3.6 billion.

Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce

AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange...
Economy

Company News

Latest News

UPS says will cut 12,000 jobs

The move comes as UPS seeks to "align" its resources.
Business

Residents of Gaza lament suspension of UN agency funding

Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...
Geostrategy

UN chief calls for continuity in aid as battle rages in Gaza

Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official

HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
  • The Islamic Treasury Sukuk launched in 2023 and valued at US$299 million experienced robust demand, with bids received worth US$2.2 billion.
  • The UAE is Hong Kong's largest trading partner in Middle East, with non-oil trade reaching $6 billion (AED22.2 billion) in the first half of 2022.
Geostrategy

Yemen-based Houthis fire missiles at ships in Red Sea, says US

Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...
  • One missile missed its target and a US Navy destroyer shot down the other two, National Security Council spokesman John Kirby said.
  • The continuing Houthi action "means we're obviously still going to have to do what we have to do to protect that shipping," he said.
Geostrategy

EU plans measures to protect sensitive technology from China

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
  • The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.
  • Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.