INSEAD Day 4 - 728x90

spain

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.
  • Spain PM ‘proud’ of pro-Palestinian protests at Vuelta

    Spanish Prime Minister Pedro Sanchez on Sunday said pro-Palestinian protests that have rocked the Vuelta a Espana filled him with "pride" as large demonstrations await the race's final stage in Madrid.
  • Eight-country coalition aims to tax luxury air travel

    Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said. The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said...
  • Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’

    Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European Union to immediately suspend its cooperation deal with Israel.
  • Spain hosts European, Arab nations to pressure Israel on Gaza

    Madrid will host 20 countries as well as international organizations with the aim of "stopping this war, which no longer has any goal", Spanish Foreign Minister Jose Manuel Albares told France Info radio. Humanitarian aid must enter Gaza "massively, unimpeded, neutrally, so that it is not Israel who decides who...
  • A picture shows a view of the destruction at the site of an Israeli overnight airstrike that targeted Beirut's southern suburb Rouweiss neighborhood on October 10, 2024. The United States urged its ally Israel to avoid Gaza-like military action in Lebanon, after Prime Minister Benjamin Netanyahu said it could face "destruction" like the Palestinian territory. (AFP)

    Details: Fresh Israeli attacks kill more Lebanese as Europe flays Netanyahu over strike against UN

    Israel attacks Lebanon killing dozens and injuring more than 100 people, while Joe Biden calls Netanyahu a "liar" and Amnesty says Israel evacuation orders are "misleading" and "inadequate".
  • First Palestinian ambassador to Spain submits credentials

    The head of state welcomed Housni Abdel Wahed to the royal palace in Madrid for the traditional ceremony for newly appointed foreign ambassadors to Spain
  • Spain, Ireland and Norway recognize Palestinian state

    The plans were unveiled last week in a coordinated announcement by their prime ministers, with formal recognition to take place in all three countries on Tuesday. Spanish Prime Minister Pedro Sanchez will give an address at 0630 GMT before his cabinet meets to adopt a decree recognizing Palestinian statehood.
  • Amazon to invest $17bn in Spain  

    The investment will be made in data centers in Aragon region.
  • Norway, Ireland, Spain to recognize Palestinian state

    The announcement is the second diplomatic blow this week after the International Criminal Court prosecutor said he would seek arrest warrants for Israel's prime minister and Hamas leaders.
  • Israel furious as 3 European countries recognize Palestinian state

    Israel reacted with fury after three European countries said Wednesday they would recognize a Palestinian state, more than seven months into the devastating Gaza war. Ireland, Norway and Spain said they would formally recognize the State of Palestine on May 28. The Palestine Liberation Organisation (PLO) says European recognition was...
  • Who recognises the existence of a Palestinian state?

    Paris, France -- Israel's almost six-months-old war in Gaza since the October 7 attack has revived calls for Palestinians to be given a state of their own. Spain's left-wing Prime Minister Pedro Sanchez has announced plans to soon recognize a Palestinian state, breaking with other Western powers which have long argued...
  • Spanish president wants parliament to recognize Palestine state by July

    "We have to think seriously about doing it this semester," Sanchez told a group of Spanish journalists accompanying him on a tour of three Middle East countries Sanchez had said on March 9 he would propose that parliament vote in favor of this recognition by the end of the current...
  • Spain grabs 3% Telefonica stake after concerns over Saudi deal

    Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking a piece of a company that Madrid considers strategically important. Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was...
  • Spain announces US$21.87m in funding to UN Palestinian refugee agency

    Madrid, Spain--Spain said Thursday it would give an additional $21.87 million to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding. The agency has been at the centre of controversy since Israel accused about a dozen of its employees of involvement in...
  • EDGE Group, Indra form JV

    It will make next-generation radar systems in UAE.
  • Global criticism of Israel after ‘massacre’ of Gazans lining for food

    Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a chaotic incident which the Hamas-run territory's health ministry said killed over 100 people. The Israeli military said a "stampede" occurred when thousands of desperate Gazans surrounded a convoy of 38...
  • Manufacturers pack smartphones with AI tools to boost sales

    Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand. The trend was on display at the telecom industry's biggest annual show, the four-day Mobile World Congress (MWC) which got...
  • AI in focus as world’s biggest mobile fair gets underway in Spain

    Barcelona, Spain - The world's biggest mobile phone fair throws open its doors in Barcelona Monday with the sector looking to artificial intelligence to try and reverse declining sales. Phone makers are expected to focus on the unique AI-powered tools of their latest handsets at the four-day Mobile World Congress in...
  • Vodafone Q3 revenue dips

    Poor display across Italy, Spain is said to be the reason for loss.
  • Spain to increase UNRWA funding after donors suspend aid

    MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding. Over a dozen countries, including major donors the United States, Germany, Britain...
  • Spain urges WTO meet in UAE to address de-globalization

    ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next month to address the potential challenges of de-globalization and its impacts on global supply chains, Minister of State for Trade of Spain Xiana Mendez said. “The main challenges we may...
  • Thousands march in Spain against Gaza ‘genocide’

    Waving Palestinian flags and shouting slogans denouncing Israel, protestors expressed gratitude to South Africa for having brought the case against Israel to the International Court of Justice (ICJ). Spain has been one of the most critical voices in Europe of Israel's offensive against Hamas and was one of those to...
  • Record 116 tons of cocaine seized at Belgium’s Antwerp port in 2023

    Vlissingen, Netherlands - Cocaine seizures at the Belgian port of Antwerp, the top gateway into Europe for mainly South American drug cartels, hit a fresh record high last year, authorities said on Wednesday. Some 116 tons of cocaine were seized in Antwerp alone, Belgian Finance Minister Vincent van Peteghem told reporters,...
  • Counterfeit products cost Europe $13 billion, 200,000 jobs a year

    Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in nearly 200,000 lost jobs, the EU's Intellectual Property Office said Tuesday. The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the clothing...
  • Telefonica to cut 3,421 jobs

    The layoffs will reduce costs for the Spanish company.
  • Noatum buys APM Terminals Castellón

    Noatum Terminals is the terminals ops business of Noatum Group.
  • Spanish PM Pedro Sanchez supports Iraq’s sovereignty, stability

    "My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq," said Sanchez during a press conference with Iraqi Prime Minister Mohamed Shia al-Sudani. Spain has deployed more than 300 soldiers as part of an international anti-jihadist coalition and NATO's mission in...
  • Spain will not join US-led Red Sea coalition

    The Houthis welcomed Spain's stance, with deputy foreign minister Hussein al-Ezzi saying "we highly appreciate Spain's refusal to be drawn into American and British lies on the issue of maritime navigation". The Iran-backed Houthis have carried out several strikes on Red Sea shipping in what they say is in support...
  • Greece to join US-led naval coalition against Houthi rebels

    The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain. The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel...
  • EU reaches agreement on reforming bloc’s migration laws

    Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political agreement has been reached on the five files of the EU new Pact on Migration and Asylum." European Commission Vice President Margaritis Schinas said: "It's been a long road to...
  • UAE ranks first in Middle East, 4th globally as remote work destination

    Dubai, UAE -- The UAE has ranked first in the Middle East and fourth globally as a leading destination for remote work, according to a new ranking by VisaGuide.World. The VisaGuide.World website specialises in monitoring and evaluating the effectiveness of visa systems. The website also measures countries' progress in providing...
  • Saudi, Turkey, Egypt among 16 nations viewing climate change as top concern

    Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...
  • AI safety & innovation: Key focus of UAE-Spain tie-up

    “I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with Spain’s national strategy. Here, the UAE is doing an excellent job in promoting the country as a destination for top researchers and innovators,” she says on the sidelines of ADIA...
  • stc’s acquisition of Telefonica stake okayed

    Spain's Securities Market Regulatory Authority cleared the deal.
  • Global aid pours into Morocco as quake death toll passes 2,100

    The International Federation for Red Cross and Red Crescent Societies has warned that the next 24 to 48 hours will be critical for saving lives as the death toll keeps rising. At the same time, global aid and support has begun to pour into Morocco, led by the UAE, Qatar,...
  • stc buys stake in Telefónica

    The group invests in information, communications and technology sectors.
  • Alantra sets up base in DIFC

    The global firm will provide investment banking services.
  • Spanish footballer Veiga to play for Saudi club Al Ahli

    Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a move greeted with disquiet in Spain. Clubs in the Gulf state have signed several of football's top veteran stars this summer on huge deals, including Ballon d'Or holder Karim Benzema...
  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this time last year," when Russia's invasion of Ukraine sent energy prices soaring, EU Energy commissioner, Kadri Simson, said.
  • Syria claims US responsible for military escalation in country

    BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the Islamic State (outlawed in Russia) intensified their activities recently, the Syrian Arab Republic’s foreign ministry said. "US forces are sponsoring terrorists, who are responsible for the August 10 ambush on...
  • Qatar Airways, British Airways, Iberia form new joint venture

    Doha, Qatar -Qatar Airways, British Airways, and Iberia have come together to form a new joint venture In a move to expand international travel options.. The partnership aims to provide seamless connectivity for global travelers through major hubs in Doha, London, and Madrid, covering over 60 countries. With the addition...
  • One dead, hundreds of migrants rescued off Morocco: media

    The Spanish islands have long been a draw for migrants seeking a better life in Europe, with many boats setting off from the coastline of Morocco, Western Sahara, Mauritania and Senegal. But the Atlantic route to the Canaries is particularly dangerous due to the strong currents, with migrants travelling in...
  • World saw hottest June on record, Tuesday hottest day ever

    Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood of breaking temperature records and triggering more extreme heat in many parts of the world and in the ocean."
  • AD Ports Group buys logistics services provider Noatum for $0.72bn

    Abu Dhabi, UAE - AD Ports Group on Sunday announced that it has acquired Noatum, a global integrated logistics services provider with a presence across 26 countries, for $0.72 billion. The acquisition has received approvals from all relevant regulatory bodies, including from Spanish Authorities, after it attained clearance from the...
  • EU support for Ukraine’s membership unequivocal, says Spanish PM

    Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed the bloc's "unequivocal" commitment to Ukraine's bid to join the 27-nation bloc. "My being here on the first day of the six-month presidency... demonstrates a clear and unequivocal political commitment......
  • US Federal Reserve calls for better supervision of banks

    US Federal Reserve Chair Jerome Powell said stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year. "We need to strengthen both regulation and supervision," Powell told a banking conference in Madrid, referring to the turmoil that hit the...
  • Protesters demand ‘justice’ on anniversary of Spain-Morocco border crush

    Activist Quinndy Akeju said many families "had not yet identified or buried their dead" after some 2,000 migrants -- many from conflict-torn Sudan -- stormed the metres-high fence that seals off Melilla from Morocco on June 24, 2022. She claimed there had been no "independent inquiry" into how Moroccan and...
  • In spite of US sanctions, Iran’s crude oil exports break five-year record

    Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports. According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China,...
  • Saudi Arabia scouts Europe for business tie-ups in healthcare, mining sectors

    Riyadh, Saudi Arabia-- Saudi Arabia is aiming to establish a slew of business partnerships in healthcare and mining sectors with companies in the UK, Germany, besides discussing humanitarian cooperation in Spain. In this connection, Saudi officials are engaged in productive meetings to strengthen partnerships and explore collaborations.  Saudi minister of...
  • KEZAD, Tubacex to build Middle East’s first OCTG-CRA manufacturing facility

    ABU DHABI,  UAE -  Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land lease agreement with Spain's Tubacex Group for the development of a state -of-the-art manufacturing facility for OCTG-CRA tubular solutions. This would be the first such manufacturing facility in the Middle...