INSEAD-Day

program

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.
  • Berlin, Germany -- Britain, France and Germany are planning to hold fresh talks with Iran on its nuclear programme in the coming days, a German diplomatic source told AFP on Sunday. The European powers, known as the E3, "are in contact with Iran to schedule further talks for the coming...
  • Iran says not seeking nuclear weapons but will assert ‘legitimate rights’

    As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told his counterpart from the United Arab Emirates that the two countries "cannot impose unjust aspirations by force".
  • NYUAD and Dolphin Energy sign agreement to boost research into climate change

    Abu Dhabi, UAE--A unique national capacity-building fellowship model offering outstanding Emirati graduates the opportunity to gain experience in a cutting-edge academic research environment was established through an agreement with Dolphin Energy to sponsor NYUAD’s Kawader Research Assistantship Programme. Maryam Al-Memari, a Research Assistant at NYU Abu Dhabi (NYUAD), has been...
  • Bahrain and France sign MoU to boost tourism education

    Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in France to launch a student exchange programme between Bahrain and France aimed at bolstering academic and cultural ties between the two countries. This initiative affirms the joint commitment to strengthen...
  • Expo City Dubai launches 10-day festival of Emirati light art and culture

    DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City Dubai. The event celebrates the rich artistic tapestry of Emirati through a series of awe-inspiring artistic projections, interactive installations, enlightening talks and creative workshops. The free-to-attend festival is created and...
  • 85 animals set free at Prince Mohammed bin Salman Royal Reserve

    RIYADH, SAUDI ARABIA - The National Center for Wildlife, in cooperation with the Prince Mohammed bin Salman Royal Reserve released 85 endangered animals, the first batch in the 2023-2024 season. The release is part of the center's program with increasing and relocating endangered wild animals, restructuring ecosystems, and enriching the...
  • UAE Islamic Treasury Sukuks auction is a tremendous success

    ABU DHABI, UAE - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fifth auction of the Islamic Treasury Sukuks (T-Sukuks). This is...
  • Endava to widen UAE operations

    It will join the UAE's FDI program to expand footprint.
  • QatarEnergy signs US$3.90bn deal with HD Hyundai to build LNG carriers

    Seoul, South Korea--QatarEnergy has signed US$3.90 billion worth agreement with Korea's HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal marks the start of the second phase of QatarEnergy's LNG ship acquisition program, which will support its expanding LNG production capacity from the North...
  • IsDBI, BIBF join hands to enhance global Islamic finance expertise

    MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided to jointly provide training programs aimed at strengthening the global Islamic finance community.The programs cater to professionals from financial institutions, regulatory bodies, supervisory authorities and legal experts within the Islamic...
  • IAEA denounces Iran over latest inspector exclusion

    Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in retaliation for "political abuses" by the United States, France, Germany and Britain. But IAEA director general Rafael Grossi said that this would seriously hamper the ability of the IAEA to...
  • India first nation to land spacecraft near Moon’s south pole

    The landing of the unmanned Chandrayaan-3, which means "Mooncraft" in Sanskrit, comes days after a Russian probe crashed in the same region and four years since the previous Indian attempt failed at the last moment. Prime Minister Narendra Modi smiled broadly and waved an Indian flag on a live broadcast...
  • Saudi CST urges public for feedback on ‘space use plan’ for frequency spectrum

    Riyadh, Saudi Arabia--The Communications, Space and Technology Commission (CST) has urged the public to provide their views on its space use plan for frequency spectrum, aiming at enabling space radio services, studying the most critical trends and needs of manufacturers, operators and users. Besides it will ensure optimal use of...
  • Saudi Arabia’s NDMC issues local sukuk worth US$9.57 billion

    Riyadh, Saudi Arabia--The Saudi National Debt Management Center (NDMC) has issued new sukuk worth $9.57 billion under the Local Saudi Sukuk Issuance Program, in addition to an early purchase of more than $9.52 billion. In a statement carried by the Saudi Press Agency (SPA), NDMC outlined that such a step...
  • Oman Air approves restructuring program to lower rising debt

    Muscat, Oman--Looking to address its mounting debt, Oman Air has backed a restructuring program to reduce its losses by 15 percent in the ongoing fiscal year while aiming to reach a break-even point by 2026.   The airline in May made a forecast of reducing its net loss by a further...
  • Emiratis make up 74% of Federal Authority for Nuclear Regulation workforce

    Abu Dhabi, UAE-- In 2022, Emiratis represented 74% of the Federal Authority for Nuclear Regulation (FANR) 248 employees. FANR continues to attract talented Emiratis to meet its business needs, recruiting an additional 22 Emiratis during the review period, according to FANR 2022 Annual Report. It provides long-term career opportunities for...
  • Qatar Free Zones Authority, Qatar Development Bank to support foreign investors

    Doha, Qatar-- The Qatar Free Zones Authority has joined hands with Qatar Development Bank to support foreign investors and firms with a range of financial services. In this connection, the two leading institutions of the gas-rich country have signed an agreement to widen the areas of cooperation between both organizations...
  • Bahrain records 2% jump in GDP on back of expansion in Q1 in non-oil sector

    Manama, Bahrain--Bahrain has recorded a two percent rise in gross domestic product in the first quarter of 2023, driven by a 3.5 percent jump in the non-oil sector. The average quarterly increase, according to the Bahraini Ministry of Finance and National Economy, of the annual non-oil GDP has touched about...
  • India launches an unmanned spacecraft to land on Moon

    India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as its space program seeks to reach new heights. The heavyweight LVM3-M4 rocket lifted off from Sriharikota in the southern state of Andhra Pradesh carrying the Chandrayaan-3 spacecraft, as thousands of...
  • Yahsat to invest US$100m

    It is for capital expenditure of T4-NGS satellite program.
  • UAE Ministry of Energy joins National ICV Program

    DUBAI, UAE - The Ministry of Energy and Infrastructure (MoEI) has joined UAE's National In-Country Value (ICV) program following a memorandum of understanding with the Ministry of Industry and Advanced Technology (MoIAT). The MoU was signed in the presence of Dr. Sultan Al Jaber,  UAE Minister of Industry and Advanced...
  • Indirect talks with US ongoing via Oman, says Iran

    Iran said it has continued indirect negotiations with the Unites States through the Sultanate of Oman over its nuclear deal and a possible prisoner swap. Iran's nuclear program has long been the subject of scrutiny from Western powers, resulting in sanctions that have crippled the country's economy.
  • ADNOC L&S secures big contract

    It won US$975mn artificial island construction contract.
  • AD Ports signs MoU with Abu Dhabi Residents’ Office to lure talent

    Abu Dhabi, UAE--AD Ports Group has signed a memorandum of understanding (MoU) with Abu Dhabi Residents Office (ADRO) to promote the benefits and initiatives which aim to attract and retain top talent in Abu Dhabi. The partnership will develop a joint strategy to inform relevant parties and employees about the...
  • Abu Dhabi  launches program for sustainable beekeeping, honey production

    ABU DHABI, UAE -  The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched an ambitious program to develop and sustain beekeeping and honey production in the Emirate. The program is based on scientific, applied studies and research to develop the best methods and practices suitable for the UAE...
  • UAE to implement support scheme for low-income farm owners

    DUBAI, UAE -   The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the new support program for low-income farm owners in the UAE. The farm owners have to be registered with Etihad Water & Electricity. This support aims to reduce the financial burden...
  • IMF lauds Jordan for monetary policy ensuring macroeconomic stability

    Amman, Jordan--The International Monetary Fund (IMF) has applauded Jordan for its tight monetary and financial policies that have ensured macroeconomic stability and access to international capital markets. The IMF made the remarks at the end of their visit to Jordan after conducting the sixth performance review of the government's economic...
  • SABIC Q1 profit down 90%

    The company expects Q2 margins to remain under pressure.
  • Ericsson Q1 net profit at $155m  

    Firm announced that it would slash 8,500 jobs worldwide.
  • EU privacy watchdog sets up ChatGPT task force

    The European Union's central data regulator said it was forming a task force to help countries deal with AI chatbot ChatGPT, ramping up the pressure on its US maker OpenAI. Italy temporarily banned the program over allegations its data-gathering broke privacy laws, and France's regulator said it had opened a...
  • Environment Agency – Abu Dhabi launches strategic environmental assessment program

    ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning program in line with UAE's Year of Sustainability. SEA will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation and monitoring efforts associated with strategic projects,...
  • DEWA to launch second nanosatellite for remote sensing this month

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has completed preparations to launch its second nanosatellite for remote sensing applications in April 2023. The 6U nanosatellite is part of DEWA’s Space-D programme. DEWA Sat-2 will be launched by SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California, USA. The...
  • Israel attorney general criticizes judicial reform move

    JERUSALEM -Israel's attorney general on Friday accused Prime Minister Benjamin Netanyahu of "illegal" public intervention on the government's divisive judicial reform program, citing his ongoing corruption trial. After largely staying on the sidelines of the discussions, Netanyahu said in a televised address on Thursday he was "entering the arena" and...
  • Jordan’s ‘Tashgheel’ fetches 20,000 jobs for its citizens in private sector

    Amman, Jordan--A government-sponsored program in Jordan has helped place 20,000 people into private sector jobs since its launch in April 2022. According to the Jordan News Agency (Petra), the National Employment Program (Tashgheel) has helped 673 men and 877 women, who are beneficiaries of the National Aid Fund, secure employment...
  • ‘European Space Agency to intensify cooperation with UAE’

    "I have decided to send a group of people from my ESA team to the UAE to see which domains of cooperation we can intensify," ESA head Josef Aschbacher tells TRENDS in an interview.
  • Saudi Arabia’s Film AlUla launches platform for women in cinema, fashion

    The launch is part of a year-round program that will allow women filmmakers to collaborate with leading industry professionals and access funds to create and share their stories.
  • Khalifa Fund announces winner of CEO Program

    ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Jenaan Investment, has announced the winners of the CEO program, Agritech Edition. After a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food...
  • US, western allies slam Iran’s response to UN nuclear watchdog report

    Washington, United States--The United States issued a joint statement with France, the United Kingdom and Germany on Friday criticizing Iran's "inadequate" response to an International Atomic Energy Agency (IAEA) report on its nuclear program. The UN nuclear watchdog issued a warning to Tehran on Wednesday after it found that changes had...
  • UAE to showcase advance in organ transplant at Arab Health 2023

    Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA), will showcase the latest developments on the National Program for Donation and Transplantation of Human Organs and Tissues, "Hayat," at the Arab Health 2023 taking place from January 30 to...
  • Creation of new jobs for Emiratis remains key priority for the govt, says UAE minister Abdulrahman Al Awar

    The UAE's Ministry continues to develop the country’s model in economic development through partnership between the public and private sectors and implementing measures aimed at enhancing the role of the Emirati talent in the labour market, particularly in the private sector, he adds.
  • ADJA delivers training program on drafting contracts, legal memos

    ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing contracts and legal memoranda. This was done to develop the skills and competencies of practitioners engaged in the legal professions in the public and private sectors. The program also updates...
  • UNESCO praises Saudi Arabia for its success in e-education governance

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia in e-education governance. In its publication "Guide to measuring information and communication technologies (ICT) in education",  UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed...
  • Egypt’s IMF deal aims to reduce government debt

    Cairo, Egypt--The IMF's new $3 billion financial support package for Egypt aims to reduce government debt to less than 80 percent of the gross domestic product in the medium term, according to a cabinet report released on Saturday.  The IMF did not require the Egyptian government to cut spending on...
  • Tourists, cruises, flights to Aqaba on the rise in December

    AQABA, JORDAN - The southern city of Aqaba is welcoming an increasing number of local visitors and foreign tourists of various nationalities, especially from Europe, in the winter tourist season. The movement of cruise ships to the ports of Aqaba and flights to King Hussein International Airport is also witnessing...
  • AMF signs US$1bn agreement to shore up Yemeni government reforms

    Riyadh, Saudi Arabia—The Arab Monetary Fund has signed a $1 billion agreement with the Yemeni government to shore up the war-scarred country's economic reform program. Sponsored by the Kingdom of Saudi Arabia, the program seeks to contribute to backing efforts made to implement reforms to strengthen the financial status of...
  • ADDED joins hands with Prototype to support technology innovation

    Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in developing their ideas into innovative digital and technological applications that will contribute to a sustainable economy. The Memorandum of Understanding (MoU), signed between COAD and Prototype Interactive, allows inventors to...
  • First batch of Certified Government Legal Advisors graduate from ADJA

    ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation training program for legal researchers. The 'Certified Government Legal Advisor' program was implemented in cooperation with Abu Dhabi School of Government (ADSG), with a total of 554 training hours and...
  • PIF to deploy spending to develop innovative sectors in kingdom

    Riyadh, Saudi Arabia--Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a program that will leverage its spending to boost the development of competitive and innovative sectors and industries in Saudi Arabia. The Local Content Growth Program, which was announced at the Sixth Edition of Future Investment...
  • Abu Dhabi’s Environment Agency holds training for industries

    The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.
  • UAE Ministry of Emiratization launches Customer First forum

    UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis on queries of employers and employees in the private sector and citizens seeking jobs.
  • EU to support Iraq in boosting economic activity in five sectors

    The European Union has shown interest to be part of the process of decentralization in Iraq and in this regard it is working in partnership with the Iraqi ministry of planning and other bodies in order to enhance activity in five sectors of the economy.