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.
  • Qatar, Spain launch innovation program to support collaborative research

    Doha, Qatar: Qatar and Spain have launched the Qatar Spain Innovation Program (QASIP), a joint venture between the Qatar Research, Development, and Innovation (QRDI) Council and the Spanish Centre for the Development of Technology and Innovation (CDTI). The program is geared to support collaborative research and development projects across all...
  • Ukraine peace talks seem a remote possibility, says UN chief

    CUACOS, SPAIN -  UN Secretary-General Antonio Guterres said peace negotiations to end the conflict in Ukraine were "not possible at this moment," in an interview published by Spanish daily El Pais on Tuesday. His statement came as the leaders of Russia and Ukraine called for victory during events commemorating the end...
  • Global tourism industry is on track to reach pre-pandemic levels

    MADRID, SPAIN -  The World Tourism Barometer published its second report of the year, which showed that international tourism is making a strong comeback to pre-pandemic levels. During the first quarter of 2023, twice as many people traveled internationally than in the same period of 2022, with a total of...
  • EU agency calls for reduction in pesticide use after sales remain stable

    Pesticide pollution is also driving biodiversity loss across the continent, causing significant declines in insect populations and threatening the critical role they play in food production. A German study cited in the report found a 76 percent decline in flying insects in protected zones over a period of 27 years.
  • Morocco intercepts 550 migrants trying to reach Europe

    Coastguards of the kingdom's navy operating in the Mediterranean and Atlantic rescued 552 illegal migrants of varying nationalities between April 8 and 18," mostly from sub-Saharan African countries, the military source told official news agency. The source said among them were people attempting the crossing aboard makeshift boats, in canoes,...
  • 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...
  • Deliveroo 2022 loss at $355m

    The firm's revenue rose 14 percent to nearly US$2.4 billion.
  • Morocco joins Spain, Portugal to launch bid for 2030 World Cup

    Morocco has joined the bid by Spain and Portugal to host the centenary World Cup in 2030, according to its ruler, King Mohammed VI. The king said in a message delivered as he was named the winner of the African Football Confederation 2022 Award of Excellence in Kigali, where FIFA...
  • EU and Algeria look to consolidate energy, security ties

    The 27-country bloc would like to develop the partnership with Algeria "looking at the future, by prioritizing European investments in the renewable energy sector", Josep Borrell added in a statement. European governments, scrambling to find alternatives to Russian gas since last year's invasion of Ukraine that has sent prices soaring,...
  • 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...
  • Nigeria gas fuels Morocco, Algeria pipeline power struggle

    Morocco and Algeria have moved to revive long-stalled projects in light of a gas supply crunch following Russia's invasion of Ukraine a year ago. Prices surged and Europe - which was heavily reliant on Russian gas - had to look elsewhere for energy.
  • US, European stocks dip as traders mull US rates outlook

    US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...
  • Iran sets free Spanish woman in custody since November

    Madrid, Spain - Iran has released a Spanish woman who had been detained in the country since November, Spain's foreign minister said Sunday. "She was freed yesterday, but we didn't want to announce it publicly before her plane had taken off from Iran," Jose Manuel Albares told journalists. "I was able...
  • EU says Israel deporting MEP ‘deeply disappointing’

    The EU called it "deeply disappointing" and "surprising" that Israel stopped and deported a Spanish MEP who had arrived for an official trip to the Palestinian territories. European Parliament lawmaker Ana Miranda tweeted that the action by Israeli authorities against her was a "diplomatic affront" and showed "disrespect" to the...
  • Saudi ministry signs investment MoU with Spain’s Orbas

    Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Municipal, Rural Affairs and Housing has signed an MoU with the Spanish company Orbas to boost investment in the kingdom in line with its National Investment Strategy. The MoU aims to raise the level of coordination in endeavors that support and promote the...
  • Morocco hands migrants more jail time over Melilla tragedy

    Rabat, Morocco--A Moroccan appeals court has increased the prison sentences of eight migrants over a deadly attempted crossing into the Spanish enclave of Melilla, their lawyer said Tuesday. Around 2,000 people, many of them Sudanese, stormed the frontier on June 24 in a bid to reach Spanish territory across one...
  • In Morocco, Spain PM reinforces ties after crisis

    The visit comes less than a year after the Spanish leader drew a line under a year-long diplomatic crisis by reversing decades of neutrality on the Western Sahara conflict to back Morocco's position. But the concession to Morocco has drawn harsh criticism from across the Spanish political spectrum. Sanchez's number...
  • Santander 2022 profit at $10.6bn

    The bank's profit got a boost due to higher interest rates.
  • Spanish PM in Morocco on visit to cement ties

    Spain's North African enclaves of Melilla and Ceuta - which both border Morocco - have long been magnets for people fleeing violence and poverty across Africa, seeking refuge via the continent's only land frontiers with the European Union. Sanchez said the sides also aimed to "completely normalise the passage of...
  • Egypt hands businessman life sentence over rare protests

    The court sentenced Ali to life in prison together with 37 co-accused, while several dozen others were handed prison terms of between five and 15 years, state media reported. Such courts often deal with "terrorism" offences, and their sentences cannot be appealed. Local media said Ali, 48, was placed on...
  • Morocco raises migrants’ jail time over Melilla tragedy: lawyer

    More than six months after 23 people died in an attempt to cross into the Spanish enclave of Melilla from Morocco, an appeals court in the country has increased the sentence of 13 migrants to three years over the deadly crossing. Nearly 2,000 people stormed the frontier in June in...
  • Qatar coach departs after team’s dismal Word Cup

    Doha, Qatar-- World Cup hosts Qatar announced Friday that national coach Felix Sanchez had been let go with the end of his contract after the team's dismal World Cup where they failed to get a point from their group games. The Qatar Football Association said it had decided "not to extend...
  • Morocco sentences for migrants over Melilla tragedy ‘unjust’: rights group

    Morocco and Spain governments have insisted the migrants were to blame for the June 24 tragedy, with Rabat saying some died after falling while trying to scramble over the fence, while others suffocated as people panicked and a stampede started.
  • EU eyes all acceptable energy price cap as winter arrives

    Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European Commission, with fewer conditions attached. Some EU countries including Germany, the Netherlands and Austria, view a too-rigid price cap as a threat to supplies, comporting the risk that deliveries could...
  • Britain fines Santander US$132m

    Firm fined due to gaps in anti-money laundering controls.
  • UAE leads Arab world in IMD World Talent Ranking 2022

    The country was ranked among the top ten in nearly 30 percent of the report’s indexes.
  • World Cup victory over Spain makes Morocco the ‘pride’ of Arab fans

    Doha, Qatar— Thousands of Morocco fans descended on the streets of Doha to celebrate their country becoming the first Arab nation to reach the World Cup quarter-finals on Tuesday. Despite some minor trouble outside the stadium, the victory over Spain became a celebration of "Arab pride" for supporters from across...
  • Morocco, the last Arab nation left standing, reach World Cup quarters

    Achraf Hakimi struck the decisive penalty to send Spain crashing out and Morocco into the World Cup quarter-finals for the first time, winning 3-0 in a shoot-out on Tuesday after a 0-0 draw.
  • Germany crash out of World Cup despite 4-2 defeat of Costa Rica

    Al Khor, Qatar---Germany crashed out of the World Cup at the group stage for the second time in succession despite a 4-2 win against Costa Rica on Thursday. The four-time World Cup winners came into the match needing a win but were also relying on the result of Japan's game...
  • 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...
  • Climate activists deface Goya frames at Spain’s Prado

    Saturday's stunt in Madrid was the latest increasingly daring action taken by climate activists to grab the headlines, including throwing soup on Vincent van Gogh paintings in London and Rome, and mashed potatoes on a Claude Monet masterpiece.
  • Telefonica Q3 profit at $450m

    Q3 revenue was up 11.6 percent at US$10.11 billion.
  • Europe’s gas storage reserves now at over 90 percent

    With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency. For over a week now, there have been bottlenecks at Spanish ports of ships bringing in LNG, indicating Europe is at full capacity.
  • Inditex sells Russian business to Middle Eastern Daher Group

    Inditex closed its over 500 stores in Russia in March.
  • Spain says new gas pipeline may take 7 years to build

    A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain's energy minister said.
  • Morocco triples migrants’ jail terms over border storming

    The 18 migrants -- among more than 60 arrested following the Melilla tragedy -- had initially been sentenced to 11 months in prison.
  • Qatar squad basks in attention as it prepares for World Cup

    While Qatar feverishly seeks to complete work on hotels and apartments for the World Cup fans, its squad for the games trained on home territory for the first time in four months in a Doha stadium. The team had been kept away from the glare of media in Spain and...
  • ‘Agri-tech, innovation key in improving farmers’ livelihoods’

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali as part of the G20 Summit.
  • Morocco court sentences 12 migrants to jail over violence

    Nearly three months after the border tragedy in which two dozen migrants died, a Moroccan appeals court has sentenced 12 Sudanese migrants to three years in jail over violence. Some 2,000 people, many of them Sudanese, stormed the frontier on June 24 in an attempt to reach Spanish territory.
  • UAE calls for global solidarity at environment ministers meet

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’ Meeting as part of the G20 Summit in Indonesia.
  • Spain PM hopes Europe gas pipeline will soon be ready

    Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through France could soon become a reality. Europe is currently undergoing an energy crisis as it struggles to rapidly reduce its dependence on Russian gas following the invasion of Ukraine.
  • Afghan refugee flight arrives in Spain from Pakistan

    Foreign Minister Jose Manuel Albares was at Madrid's Torrejon de Ardoz airbase to meet them when the flight from Islamabad landed at Madrid's Torrejon de Ardoz airbase at around 10:15 pm (2015 GMT). The government would now work "to help these people to integrate, given that it will be difficult...
  • Heatwave causes 1,700 deaths in Spain and Portugal, says WHO

    The World Health Organization's European office has said the heatwave baking Europe has caused over 1,700 deaths on the Iberian peninsula alone, calling for joint action to tackle climate change. The true number of deaths linked to the heatwave won't be known for weeks, an official said.
  • Melilla migrants likely died of ‘suffocation’: Moroccan probe

    At least 23 migrants who died last month in a mass attempt to enter the Spanish enclave of Melilla from Morocco likely "suffocated", Morocco's state-backed CNDH rights group said on Wednesday. The death toll after around 2,000 people, many from Sudan, stormed the frontier on June 24 was the worst...
  • Europe revives Syria phosphate imports, profiting Russian firm

    Syrian phosphates used for fertiliser are being exported to Europe in bulk, benefitting a Russian firm and the sanctions-hit Damascus regime, a report said Thursday. Italy, Bulgaria, Spain and Poland are among the EU states receiving Syrian phosphates, according to the report by a consortium of investigative journalists led by...
  • Algeria breaks off treaty with Spain over W.Sahara dispute

    Algeria said Wednesday it was suspending a decades-old co-operation treaty with Spain, after Madrid backed the position of the North African country's arch-rival Morocco on the disputed Western Sahara.
  • Saudi Arabia, Spain to strengthen partnerships in sustainable tourism

    Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading tourism players already working with the kingdom, Saudi tourism minister Ahmed Al Khateeb has said. “I was very pleased to share our vision and plans with Spanish businesses in Riyadh...
  • Huge Europe-Morocco migration begins after Covid hiatus

    Morocco on Sunday begins welcoming an influx of its citizens living in Europe after the pandemic led to a halt in what has been called one of the world's biggest cross-continental migrations. The last such effort in the summer of 2019 saw 3.3 million people and more than three quarters...
  • Qatar Chamber signs deal with Spanish firms to promote trade

    Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation with Spain. The two Spanish organizations are Spanish Chamber of Commerce and Madrid Chamber of Commerce, Industry and Services, according to Qatari media reports. Chairman of Qatar Chamber Sheikh Khalifa...
  • Etihad Rail signs expertise-exchange MoUs with Spanish, UK firms

    Etihad Rail has signed three Memoranda of Understanding (MoUs) with Renfe, Spain’s national railway operator; High Speed 1, the first high-speed railway in United Kingdom (UK) and GB Railfreight, the British rail freight company. The MoUs are based on exchanging knowledge, expertise, and best practices in freight and passenger rail...