INSEAD Day 4 - 728x90

Health

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.

Saudi king treated for lung infection: statement

Riyadh, Saudi Arabia - Saudi Arabia's King Salman has a lung infection and is undergoing a treatment programme involving antibiotics, the...

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...

Geostrategy
Economy

EU expects more GCC investors for its special program: Official

On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond
  • The program is a temporary recovery instrument to help Europe repair the immediate economic and social damage brought about by COVID-19.
  • Since June 2021, the European Commission has rolled out five issuances and raised around €71 billion in long-term EU-Bonds, and short-term EU-Bills
Business

UAE, European Union discuss ways to boost cooperation

The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.
  • The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration
  • This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Economy

Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank

The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...
  • Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.
  • The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.
Business

UAE, European Union discuss ways to boost bilateral cooperation

The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...
  • The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.
  • This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Economy

World economy at risk as Omicron engulfs Europe

More than half of people in Europe will likely catch Omicron by March, the WHO has said amid a World...
  • The WHO's regional director for Europe Hans Kluge described a ‘new west-to-east tidal wave sweeping across’ the region
  • The WHO's European region covers 53 countries and territories including several in Central Asia, 50 of them had Omicron cases
Science

Repeated Covid-19 boosters is not a viable strategy: WHO

The Technical Advisory Group on Covid-19 Vaccine Composition (TAG-Co-VAC), an expert group created by the WHO to assess the performance...
  • The group under WHO called for the development of new jabs that protect people who get Covid-19 against falling seriously ill
  • It added that such vaccines should also be better at preventing people from catching the virus in the first place
Economy

Kuwait limits work attendance to 50% amid Omicron surge

Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth...
  • Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow
  • Conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent
Science

‘Historic’: US surgeons successfully implant pig heart in human

US surgeons have successfully implanted a heart from a genetically modified pig in a 57-year-old man, a medical first that...
  • While the patient's prognosis is far from certain, it represents a major milestone for animal to human transplantation
  • The patient, David Bennett, had been deemed ineligible for human transplant, a decision that is often taken when the recipient has very poor underlying health
Geostrategy

UAE warns public against flouting Covid-19 measures, spreading rumors

The Federal Agency said that irresponsible behavior which derails UAE's anti-COVID steps will be punishable by law.
  • The Federal Emergency Crisis and Disasters Prosecution says such actions are punishable under law.
  • The prosecution urged community members and social media users to act responsibly when sharing or circulating COVID-19-related news.
Science

World passes 300 million Covid cases as Omicron breaks records

The virus mutant has spurred the world to record 13.5 million cases in the last week alone -- 64 percent...
  • In the past seven days, 34 countries have recorded their highest number of weekly cases since the start of the pandemic, including 18 nations in Europe and seven in Africa
  • While far more contagious than previous coronavirus variants, Omicron appears to cause less severe illness than its predecessors

Saudi king treated for lung infection: statement

Riyadh, Saudi Arabia - Saudi Arabia's King Salman has a lung infection and is undergoing a treatment programme involving antibiotics, the...

Company News

Latest News

Severe heat a cause of worry for healthcare system, says WHO

GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least...
Science

Almost the entire world is experiencing record heatwaves

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...
Science

Middle East firms pay fortune for employee burnout

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...
Economy
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INSEAD Day 4- 300x600

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Geostrategy

UAE opens field hospital in Chad to help Sudanese refugees

ABU DHABI, UAE -  UAE Ambassador to the Republic of Chad Rashid Saeed Al Shamsi on Sunday opened a field...
  • The hospital was opened in the presence of the Chadian Minister of Health and a number of Chadian government officials.
  • Representatives of UAE entities supervising the implementation of the project, and the Emirati medical team were also present on the occasion.
Business

Iran emerging as a hub for health tourism in West Asia: Raisi

Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and...
  • The Iranian president claimed that patients from Central Asia and Middle East have chosen Iran over Europe to come for medical treatment
  • In May, Iranian health minister said that last year more than 1.2 million foreign patients had been to hospitals in the Islamic Republic for various treatments

Israel ranks 5th healthiest country in the world

Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest...
  • Asia is well represented generally, with the four top places rounded off by Japan, South Korea and Taiwan
  • The bottom five places are Somalia, Lesotho, Chad, South Sudan and the Central African Republic