INSEAD Day 4 - 728x90

countries

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.
  • Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries to have taken similar measures against the social network, most of them run by authoritarian regimes. Beyond permanent bans, some nations have temporarily restricted access to X, formerly Twitter, which...
  • Conflict zones in Middle East are not getting climate funds, say aid groups

    DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely excluded from meaningful financing to mitigate its effects, aid groups warned on Thursday. In a joint report focusing on Iraq, Syria and Yemen, the International Committee of the Red Cross...
  • GCC meeting discusses trade challenges, unified market

    Muscat, Oman - The Gulf Cooperation Council (GCC) countries met here on Thursday to address the obstacles affecting inter-country trade and to discuss the establishment of a common market. The 64th meeting between Gulf Cooperation Council (GCC) Trade Cooperation Committee and Committee for Standardization Affairs was attended by the GCC...
  • Amman Chamber exports rises to US$565m in January- March 2023

    AMMAN, JORDAN  -  The Amman Chamber of Commerce (ACC)'s export of goods and commodities to Arab and other countries increased during the first three months of 2023 by 58.2 percent compared to the same period last year.According to the chamber's statistical data obtained by Petra, "ACC's exports during the January-March...
  • UN says US$445m needed to help 860,000 refugees fleeing Sudan

    The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million would be needed to support them just through October. The UN refugee agency said in a statement that it had presented its appeal to donor countries earlier in the day.
  • UAE urges UN Security Council to resolve conflicts through dialogue

    NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully resolve conflicts by promoting dialogue and cooperation between states. Al Marar said at the UNSC,  "Our sustained commitment to effective multilateralism, grounded in international law and the principles of the...
  • ‘Rich nations must achieve net zero carbon by 2040’

    UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close as possible to 2040 in order to "defuse the climate time bomb." He made the remark while introducing a capstone report by the Intergovernmental Panel on Climate Change on the...
  • Six EU countries urge Israel to stop settlement expansion in West Bank

    LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank. Britain, France, Germany, Italy, Spain and Poland have also jointly condemned the recent attack on Israeli citizens by Palestinian groups. In a joint statement, they said, "We urge the Israeli government...
  • Dubai Holding acquires the iconic The Westin Paris – Vendome

    The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
  • Al-Jarman heads UAE delegation to 52nd session of Human Rights meet in Geneva

    GENEVA, SWITZERLAND -  The United Arab Emirates is participating in the 52nd session of the Human Rights Council in Geneva, Switzerland  which started Monday and will continue until April 4. The head of the UAE delegation Ahmed Abdul Rahman Al-Jarman, Permanent Representative of the UAE to the United Nations and...
  • Egypt ranks globally fifth in remittances

    Although the remittances grew by an estimated 5 percent in 2022, they were lower than the 10.2 percent increase in 2021.
  • Saab 2022 net profit at $211m

    Revenue rose as countries boost military spending.
  • WHO urges investment in neglected tropical diseases

    The World Health Organization called for greater investment in combating neglected tropical diseases (NTDs), which left over 1.6 billion people, often in least-developed countries, requiring treatment in 2021. NTDs are a diverse group of conditions found mainly in tropical regions that include dengue, leprosy and rabies. The WHO said NTDs...
  • Billions still exposed to toxic trans fat, says WHO

    GENEVA, SWITZERLAND - Efforts to eliminate industrially-produced fat have a long way to go with five billion people exposed to toxic fat added to many food products, the UN health agency said Monday. The World Health Organization called in 2018 for harmful trans fatty acids to be wiped out by 2023....
  • WEF launches initiative to channelize US$3trn for climate and nature

    The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050. The GAEA is a global initiative to fund and grow new and existing public, private...
  • Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

    BAGHDAD, IRAQ  - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port of Aqaba will soon be operational pointing to many areas of cooperation between the two countries. Al-Halbousi, who spoke at a joint press conference at Baghdad airport with Jordan's Lower...
  • UAE energy minister, Romanian counterpart discuss cooperation

    ABU DHABI, UAE -  UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation in the energy and climate action fields between the two countries. UAE minister Suhail bin Mohammed Al Mazrouei received Romanian Minister  Virgil-Daniel Popescu at the Energy Ministry's headquarters in Abu...
  • Global conference on Pharmaceutical Technologies concludes in Dubai

    DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded.  The three-day event, which concluded Thursday, took place at the Dubai World Trade Center and drew more than 26,000 visitors and participants from 82 countries. Dr. Ali Al Sayed Hussain, Director of...
  • UAE, Oman education ministers discuss cooperation in the sector

    MUSCAT, OMAN -  UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint Ahmed Al Shaibaniyah discussed advancing the cooperation between the two countries in the education sector.   The meeting was held in Muscat and aimed at boosting the coordination and cooperation...
  • Iraq tells visiting Italy PM it seeks closer economic ties

    Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure. Meloni, who leads the eurozone's third-largest economy, is on her first bilateral trip outside Europe. She is on a pre-Christmas visit to Italian troops posted...
  • US plans new Israel-Arab meeting, hopes for Netanyahu restraint

    WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it as it pushes the incoming right-wing government of Benjamin Netanyahu to show restraint, a US official said Tuesday. Netanyahu is set to take office with the most right-wing government in...
  • Saudi Arabia, UAE mediation efforts aid the US-Russia prisoner swap

    The mediation efforts were led by the Emirati president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and the Crown Prince of Saudi Arabia  Mohammed bin Salman bin Abdulaziz Al Saud.
  • Debt-service payments from IDA’s countries to top $62bn in 2022: World Bank

    The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies.
  • Developing economies’ debt more than doubled over decade, says World Bank

    The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the World Bank said. The pandemic has forced many countries to take on more borrowing and World Bank President David Malpass earlier warned that the world is facing a fifth wave...
  • Jordan, India explore economic cooperation

    AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a discussion on ways to cement trade ties between the two countries. The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors. She...
  • Herzog becomes first Israeli president to visit Bahrain

    Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf kingdom since the two countries normalized relations in 2020. Herzog, whose role is largely ceremonial, was greeted at the airport by Bahraini Foreign Minister Abdullatif al-Zayani, according to pictures posted...
  • Ukraine welcomes Russian oil price cap agreed by EU, G7

    Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy. The price cap, previously negotiated on a political level between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude...
  • US unveils high-tech B-21 stealth bomber

    PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry nuclear and conventional weapons and is designed to be able to fly without a crew on board. The slickly choreographed ceremony at B-21 manufacturer Northrop Grumman's facility in Palmdale, California...
  • 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" to tackle high prices, security and climate change, the IEA said on Friday. Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households...
  • 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 country is determined to forge a world where prosperity is commonplace.
  • Rising inflation, falling wages threaten increased poverty: ILO

    Global monthly wages fell in real terms to -0.9 per cent in the first half of the year, the study found.
  • 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, Germany, Greece and Spain. Over 600 people participated in the scheme, "believed to be the biggest VAT carousel fraud ever investigated in the EU," according to the European Public Prosecutor's...
  • ‘Russian targeting of Ukraine energy is war crime’

    BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann said Tuesday after hosting talks with his G7 counterparts. A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure and plunged millions into darkness as the country endures...
  • GAL-AMMROC, GMF ink pacts

    The pact were inked during the B20 Summit in Bali, Indonesia.
  • ‘Most APEC members condemn war in Ukraine’

    Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying "most" of them condemned the war. The 21 members of the Asia-Pacific Economic Cooperation forum issued a joint declaration in Bangkok criticizing the conflict and the global economic turmoil it...
  • UAE Minister discusses economic ties with Caribbean countries

    ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...
  • UAE urges global efforts for trade at B20 Summit in Indonesia

    BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...
  • UN chief hopeful Russia will extend grain deal

    United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...
  • UNHRC to host emergency session on Iran protests

    The UN Human Rights Council said it would hold an urgent session on Iran, with backers pushing for a global probe into the deadly crackdown on mass protests rocking the country. The UN's highest rights body said a special session on "the deteriorating human rights situation" in Iran would be...
  • UAE, Indonesian Presidents to enhance bilateral relations

    SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at further strengthening relations between the two countries. Their meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit at the invitation...
  • G20 health, finance ministers agree to launch US$1.4bn pandemic fund

    The G20 health ministers have agreed to establish a pandemic fund.
  • Nine countries join alliance to boost offshore windpower

    Offshore wind can be deployed at large scale, in short timeframes and at competitive cost, GOWA said in a statement. Other nations joining Tuesday were Belgium, Colombia, Ireland, Norway and the Netherlands.
  • WTO urges countries to lift green trade barriers

    The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change. In its annual World Trade Report, the WTO says global commerce should not be pitted against the climate crisis and said trade could enable the spread of green innovations and...
  • Temporary employment contracts between countries need enhancements to boost efficiency, production

    Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers during high-level meetings in the UAE.
  • UAE’s FNC members discuss cooperation with German Parliament

    Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz, Chairperson of the Group, met with Alexander Radwan, Member of the German Bundestag.
  • COP27 must shift from talk to action says UN climate chief

    The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to ensuring that its goals are met, the UN's climate chief said. "This COP needs to demonstrate that there is a distinct shift from negotiations to implementation," UN Climate Change Executive...
  • Saudi-Finnish business forum discusses enhancing trade ties

    HELSINKI, FINLAND - Heading a high-level delegation to Finland, Saudi Arabia's Minister of Commerce and Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid bin Abdullah Al-Qasabi stressed on the need to strengthen and diversify the bilateral trade between the two countries. Al-Qasabi said...
  • Europe could face gas shortage next year, says IEA

    Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of liquefied...
  • UAE, Indonesia to cooperate in energy sector

    UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and exchange knowledge and data in the energy sector.
  • 40 Saudi, German companies discuss investment opportunities

    The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation.
  • UAE, Kyrgyz Presidents review bilateral relations

    ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov, who is on a working visit to the UAE. During their meeting, which took place at Al Shati Palace, President Sheikh Mohamed welcomed the President of Kyrgyzstan and hoped the...