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.

UN agency exhorts Israel to allow port for Gaza aid transfer

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod...

Geostrategy

UNRWA head seeks General Assembly support after backlash

The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over...

Geostrategy
Business

Natural gas a weapon of war between Russia and Europe

Natural gas has emerged as a weapon of war between Russia and Europe since Moscow's February 24 invasion of Ukraine....
  • On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia.
  • On March 23, Russian President Vladimir Putin bans European gas customers from paying their bills in dollars and euros.
Business

French, UK satellite firms eye tie-up to create ‘global champion’

French satellite operator Eutelsat said on Monday it was in talks with British counterpart OneWeb for a tie-up to create...
  • French satellite operator Eutelsat already provides some internet services through a deal with telecoms firm Orange.
  • "Potential all-share combination" would "create a global leader in connectivity", Eutelsat said.
Business

African Union lauds Russia for allowing Kyiv to resume grain export

Ukraine and Russia and two of the world's largest grain producers.
  • Ukraine's farms are major source of grain for world market, particularly in Middle East and Africa.
  • Cereal prices in Africa have surged because of the slump in exports due to Russia-Ukraine war.
Economy

Global electricity demand slowing sharply: IEA

The agency said renewable sources of energy were growing faster than demand and replacing fossil fuels.
  • The agency said renewable sources of energy were growing faster than demand and replacing fossil fuels
  • The IEA said that Europe was gearing up to reduce its reliance on Russian fossil fuel imports by accelerating its clean energy transition
Science

Are EVs driving towards greener world or uncertainty?

Studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery...
  • Recent studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery production.
  • Wider adoption of EVs will hinge on affordability which, in turn, is reliant on battery production and robust charging infrastructure
Business

Boeing wins $8 bn contract

The US planemaker will manufacture 66 MAX aircraft.
  • The deal comprises a firm order for 30 medium-haul single-aisle 737 MAX-8-200s plus options to purchase up to 36 more from the same family.
  • The MAX jet suffered two deadly crashes in 2018 and 2019, but is experiencing a rush of interest at this year's Farnborough, southwest of London.
Science

Saudi Arabia signs Artemis Accords for space exploration

Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles...
  • Saudi Arabia is the 21st country and the fourth Middle Eastern nation to join the Accords
  • Artemis relies on an international coalition to achieve a historic vision for space exploration
Business

EU car sales down 14 percent in H1 as supply shortages persist

EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages...
  • With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union.
  • Sales in Italy tumbled by 22.7 percent, by 16.3 percent in France, 11 percent in Germany and 10.7 percent in Spain.
Business

US stocks rise on strong retail sales, positive Citigroup results

Wall Street stocks rose early Friday as markets cheered unexpectedly strong US retail sales and better-than-expected results from Citigroup. After...
  • About 35 minutes into trading, the Dow Jones Industrial Average was up 1.5 percent at 31,074.83.
  • Among individual companies, Citigroup surged 7.8 percent after reporting better-than-expected earnings.
Economy

G20 finance ministers, top bankers warn of energy crisis

Other issues to be tackled by the ministers include digital financial inclusion –- with more than a billion of the...
  • The two-day meeting on the resort island of Bali started under the shadow of a war that has roiled markets, spiked food prices
  • Top global finance figures, including US Treasury Secretary Janet Yellen, will discuss the rebound from the coronavirus pandemic

UN agency exhorts Israel to allow port for Gaza aid transfer

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod...
Geostrategy

Company News

Latest News

Iran, Russia to invest $38bn in developing INSTC

TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
Geostrategy

Saudi Arabia selected as member of UN’s AI Advisory Body

New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...
Geostrategy

India shocked at Qatar death penalty for 8 ex-naval officers

NEW DELHI, INDIA  -  India said on Thursday that eight of its citizens had been sentenced to death by Qatar in...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Israel army orders evacuation of northern city after Lebanon clashes

KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days...
  • Lebanon's Iran-backed Hezbollah and allied Palestinian factions have traded cross-border fire with Israel for days.
  • Israeli authorities have been steadily evacuating communities near the Gaza border and along the country's northern frontier.
Business

Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
  • The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.
  • British Airways announced that it will launch daily flights from London to Abu Dhabi next year.
Business

PIF announces pricing of inaugural $3.5bn global sukuk issue

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
  • The issuance will be listed on the London Stock Exchange’s International Securities Market (ISM).
  • The sukuk issuance was more than seven times oversubscribed, with orders exceeding $25 billion,