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.

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...

Geostrategy

Four space station crew members leave for Earth

WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than...

Geostrategy
Geostrategy

UN report warns global food crises likely to increase

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...
  • The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.
  • The report urges decision makers to think beyond short term needs.
Geostrategy

Energy crisis driving climate-friendly power savings, says IEA

PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...
  • Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.
  • According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.
Geostrategy

Supporting India’s G20 presidency is a priority for UAE, says Minister

The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...
  • The UAE will work towards a world where human progress is an inalienable right for all.
  • The UAE views the G20 as a forum that plays a critical role in multilateral efforts.
Geostrategy

EU gives US$131 million to WHO Universal Health Coverage Partnership

GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...
  • EU contribution will focus on strengthening health systems to make them more resilient and responsive to natural, climate or human-made disasters.
  • The partnership with WHO is a key deliverable of the new EU Global Health Strategy adopted by the European Commission.
Geostrategy

OPEC set to stick or cut more amid plan to cap Russian oil price

LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production...
  • In October the OPEC+ agreed to reduce output by two million barrels per day (bpd) from November.
  • Since the October meeting, oil prices have been plummeting to their level of early 2022, far from the peaks above $130 a barrel in March
Market Report

World equities extend gains on Fed rate optimism

Global stocks rose as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, while China signaled a...
  • Equities were also helped by signs that China is edging towards a more pragmatic approach to fighting the coronavirus.
  • The dollar sank, having soared across the board this year as Fed monetary policy diverged more and more from other central banks.
Science

‘Carbon credits need more supply, integrity to meet global demand’

RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
  • A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.
Science

Natural disaster losses hit US$115 bn this year, says Swiss Re

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
  • Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
  • Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.
Science

Financing for nature must more than double by 2025, says UN report

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
  • The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
  • By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
Geostrategy

EU uncovers US$2.3-billion cross-border tax fraud

The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France,...
  • Prosecutors uncovered a network of "criminal activities" operating in almost all 27 EU member states.
  • These activities also operated in Albania, Britain, China, Mauritius, Serbia, Singapore, Switzerland, Turkey, the United Arab Emirates and the United States.

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...
Geostrategy

Company News

Latest News

We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...
COP28 UAE

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.
Business

Mumtalakat, Investcorp ink pact

The firms have jointly launched a climate investment platform.
  • The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
  • They must manage and minimize the execution risks associated with expansion in middle-market investments.
Geostrategy

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
  • The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
  • The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.