INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

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.
  • More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...

    More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said

    A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation

  • Iraq is struggling to transform hundreds of palaces built and used by former dictator Saddam Hussain.

    One of the many palaces of the Iraqi dictator in the southern city of Basra has been turned into an antiquities museum

    Iraq has more than 100 residences, villas, and other complexes from the Saddam Hussein-era

  • The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when...

    UAE is expected to generate approximately AED 25 bn ($6.8 bn) in revenue from the corporate tax.

    Corporate tax rates in nations such as Germany and Japan exceed 30 percent. In Canada and China, companies pay 27 percent and 25 percent, respectively.

  • The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and...

    The initiative will start initially in Saudi Arabia and Nigeria, opens potentially lucrative markets with a combined population of more than half a billion.

    The Startup Passport addresses the problems of SMEs challenges by reducing administrative and financial burdens and accelerating corporate registration.

  • Tamkeen, a semi-autonomous Bahraini agency, has said that the “Skills Bahrain” initiative is all set to be launched in the...

    'Skills Bahrain' is the first comprehensive national initiative aimed at establishing professional standards for vocations.

    Tamkeen is implementing the project in collaboration with many governments and private sector entities engaged in education.

  • The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low...

    An Indian diplomat said talks were underway on another $1 billion credit line to fund urgently needed food and medicine imports from India.

    Sri Lanka's economy is also seeing a scarcity of rice, automotive parts and cement, with supermarkets forced to ration some staple foods.

  • UAE's Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts...

    Rate of inflation in food and beverages stood at 3.71 percent, tobacco at 0.65 percent, clothing and shoes at 0.51 percent.

    Abu Dhabi recorded an inflation rate of 0.08 percent in December 2021 compared to November, while the inflation rate in Dubai was 0.09 percent.

  • The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and...

    The cartel's prudent approach dates back to the spring of 2021 as demand recovered from drastic cuts in the face of the Covid-19 pandemic

    OPEC+ has not deviated from its line despite calls in the autumn from the White House to further boost supplies to tamp down prices

  • Iraqi Prime Minister Mustafa Al-Kadhimi has directed contracting with investment companies to build infrastructure in the areas where residential land...

    The “residential parts will be distributed”, and service buildings will be “built from health and school centers.

    During its meeting on September 22, 2021, the cabinet voted on the mechanism for the distribution of residential land.

  • Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

    The appointment is a part of Sanad’s new plan to expand its business beyond the aerospace sector

    The strategy and leadership announcements follow the launch of "Operation AED300bn" last year

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