INSEAD Day 4 - 728x90

Uncategorized

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.

Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...

Geostrategy

China retaliates with 84 percent tariffs on US products

Beijing, China -- China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said...

Business
Geostrategy

G7 meet: World powers ban gold exports from Russia

US President Joe Biden and his counterparts from the world's most industrialized nations are gathering at Elmau Castle in the...
  • They will seek to close ranks in their backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war.
  • From soaring inflation to a looming food crisis and energy shortages, Russia's invasion of Ukraine, now in its fifth month, has mired the world in a series of crises.
Business

Oil prices and equities climb up as rate-hike worries taper off

Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates...
  • The broad-based S&P 500 added 3.1 percent to stand at 3,911.74 at the end of Friday's session, up almost 6.5 percent for the week
  • The recoveries come after global markets have been thrown into turmoil for months owing to soaring inflation, interest-rate hikes, the Ukraine war and China lockdowns
Economy

Gazelles in Iraq die of hunger

Gazelles at an Iraqi wildlife reserve are dropping dead from hunger, making them the latest victims in a country where...
  • In little over one month, the slender-horned gazelle population at the Sawa reserve in southern Iraq has plunged from 148 to 87
  • Iraq's finances are under pressure after decades of war in a poverty-stricken country needing agricultural and other infrastructure upgrades
Economy

Hunger crisis could swell already record global displacement: UN

Russia's war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns...
  • Russia's full-scale invasion of Ukraine, traditionally a breadbasket to the world, has sparked dramatic grain and fertilizer shortages
  • The UN agency found that at the end of 2021, a record 27.1 million people were living as refugees, while the number of asylum seekers rose 11 percent to 4.6 million
Business

UAE and Uzbekistan extend strategic partnership for three years

The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the...
  • Areas of cooperation in the strategic partnership agreement have been updated to include the financial sector, education sector, economy, government leadership, and food security
  • The expanded strategic partnership signed by the UAE and Uzbekistan covers 27 sectors, involving initiatives in government modernization to benefit from the UAE’s experience
Business

US President says ExxonMobil ‘made more money than God’

President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and...
  • ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes
  • Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent
Opinion

Shared values take UAE-Germany ties to a new level

"We are forging the links that will strengthen our shared interests and values to confront the challenges head-on. As Germany...
  • The UAE and Germany are clear-eyed about the challenges they will face in the next 50, says UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
  • As Germany pursues its policy of 'Zeitenwende' that will usher in a new era of foreign policy, finance, and energy, it will find in the UAE a true and reliable partner, he adds.
Economy

Arab Tourism Organization, UNWTO sign memo to promote tourism

UNWTO Secretary Pololikashvili and ATO Secretary Fathi signed the memo at the 116th UNWTO Executive Council session, held recently in...
  • UNWTO Secretary Pololikashvili and ATO Secretary Fathi signed the memo at the 116th UNWTO Executive Council session, held recently in Jeddah
  • ATO spokesperson Dr Walid Al-Hinnawi said that the memo aims to develop the corporate and human capabilities and encourage investments
Business

Brothers held in UAE on graft charges face extradition to S.Africa

Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face...
  • Dubai police confirmed the arrest of Atul and Rajesh Gupta after receiving a so-called red notice from Interpol
  • They were accused of paying bribes in exchange for massive and lucrative state contracts and influence over ministerial appointments
Arts & Culture

Widening cultural offerings add to Dubai’s growth

Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and...
  • Alternative cinematic content is helping the emirate's creative economy diversify and contribute to its GDP, Butheina Hamed Kazim, Founder and MD of Cinema Akil tells TRENDS
  • The Dubai Creative Economy Strategy seeks to raise the economic contribution of the creative economy to 5 percent of the emirate’s GDP by 2025

Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
Geostrategy

Company News

Latest News

Alibaba to upgrade Hong Kong listing amid profit drop

Hong Kong, China -- Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening...
Business

In rare move, UAE accepts Taliban government ambassador

It became just the second country after China to do so. The UAE said it was committed to "building bridges"...
Geostrategy

EGA buys 80% stake in Spectro

EGA says the deal boosts its plan to expand recycling space globally.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

TSMC starts work on first European plant

TSMC is investing $3.9bn in the Dresden project.
  • The Dresden facility will be specialized in the production of semiconductors for Germany's flagship automotive industry, currently in the throes of transitioning to EVs.
  • Some 10 billion euros has been ploughed into the flagship project in the "Silicon Saxony" region, which has an industrial heritage dating back to the communist era.
Business

Abu Dhabi Airports, Paris Airports to expand air transport infrastructure

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating...
  • This decision comes after Abu Dhabi Airports completed a comprehensive program of activities aimed at enhancing the contribution of partners among other things.
  • The collaboration is aimed at creation of the ground infrastructure needed to provide advanced air transport applications in Abu Dhabi.
Business

Video gamers set for world’s biggest trade show, likely to generate $180bn

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
  • Organizers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000 people.
  • The industry is expected to generate more than $180 billion in revenue this year and attract more than 3.4 billion players, according to the Newzoo analyst firm.