INSEAD Day 4 - 728x90

UAE

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.
  • UAE keen to expand economic and investment relations with India: Al Zeyoudi

    UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India is founded on historical ties of friendship and cooperation. Media reports said that Al Zeyoudi made these remarks during his visit to India as head of a high-level Emirati delegation...
  • UAE Declaration of Arabic Language launched by Sheikh Mohammed

    Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, on Tuesday launched the UAE Declaration of Arabic Language at Expo 2020 Dubai. The declaration aims to draw out a unified roadmap for various institutions in Arab countries. The declaration was introduced in the presence of the Arab Ministers...
  • Dubai airport fully operational for first time since pandemic

    Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday. The opening of sections closed as the Covid-19 crisis took hold comes as the United Arab Emirates records a rise of infections amid...
  • UAE ends cinema censorship, introduces 21+ age rating

    The UAE announced Sunday it will no longer censor cinematic releases, introducing a 21 and above age rating for films it classifies for mature audiences. The UAE is considered one of the more liberal countries in the GCC, where movies with adult content are cut or edited if they don’t...
  • World Cup: Qatar’s bigger test after Arab Cup

    More than 600,000 tickets were sold for the 16-team Arab Cup, including a Qatari-record 63,439 crowd when the hosts played the United Arab Emirates in the quarter-finals.
  • UAE gateway to GCC and Africa markets, says India’s industry minister

    India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number one trading partner. Goyal talked with industry executives and leaders of Export Promotion Councils in Mumbai on Saturday on using available opportunities to widen their global impression by grasping business...
  • Tourism, retail to fuel Dubai economy growth in 2022

    The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai Economic Outlook and Opportunities in Dubai Exports. They pointed to a positive and robust recovery for the UAE economy over the next five years.
  • UAE and US discuss regional, defense issues at annual Joint Military Dialogue

    Top UAE and US military officials discussed regional and defense issues in Washington as part of the annual Joint Military Dialogue. High-profile delegations headed by Lt. General Eng. Issa Saif bin Ablan Al Mazrouei, Deputy Chief of Staff of the UAE Armed Forces, and Dr. Colin H. Kahl, US Under-Secretary...
  • Tributes pour in as UAE businessman Majid Al Futtaim passes away

    Tributes pour in as the death of the leading Emirati businessman Majid Al Futtaim was announced on Friday. Al Futtaim, who founded Majid Al Futtaim Holding in 1992, expanded it across the Mideast with malls and other ventures. The company also runs over 300 Carrefour supermarkets and hypermarkets across Africa,...
  • Saudi index shines, UAE stocks ripple

    Global cues and local developments could not dampen the overall improvement.
  • Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’

    UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest Winter campaign. The campaign is carried out by the UAE Government Media Office, in collaboration with the Ministry of Economy and relevant tourism and culture entities. An official statement said...
  • Nearly 14,000 Bahraini nationals invested in UAE companies in 2020

    A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for various economic activities were granted to them, the UAE Ministry of Finance has said. The Ministry said on the occasion of Bahrain National Day that trade between the UAE and...
  • Saudi Arabia to dominate regional ecommerce

    Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia an ecommerce powerhouse.
  • RewirEd Summit concluded at Expo 2020 Dubai

    The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major announcements and program launched to transform the worldwide education system
  • UAE taps Harvard lab to help build its economy

    The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s efforts to create a new model for the formulation of future economic policies
  • Binance may move to Dubai as part of crypto deal

    TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
  • Blinken says US still prepared to sell jet fighters to UAE

    The $23 billion arms package was pushed through by former president Donald Trump in what was seen as a reward for the United Arab Emirates' recognition of Israel, but his successor Joe Biden has pledged greater oversight over the planes. The Gulf state threatened to dump the agreement Tuesday over...
  • UAE names newly EAO-discovered stars after Sheikh Zayed

    The stars were photographed using an Astronomical Observatory with a diameter of 0.6 meters, using a specialized astronomical camera at a cooling temperature of minus 30 degrees Celsius, an optical filter (Johnson V) and an optical filter (Sloan r) to provide accurate optical readings of the observed stars in order...
  • GCC Summit issues Riyadh Declaration

    The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.
  • Cooperation, security remain focus of GCC summit

    The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.
  • Borouge and ADNOC sign agreement

    ADNOC L&S will manage integrated logistics for Borouge.
  • UAE ranks first in Arab world, 11th globally in Global Knowledge Index

    Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global Knowledge Index that monitors the “Knowledge status” of the countries.
  • Saudi Arabia, UAE fashion industry set for boom

    The UAE and Saudi Arabia seem poised to see their respective fashion sectors double their revenues in the near future.
  • Trade between Mexico and UAE grew by 38 percent in last five years

    Mexico-UAE bilateral trade has witnessed an approximate 38 percent upsurge in the past five years (2016-2020), a senior Mexican official told the Emirates News Agency. She added that Mexico wants to be a strategic partner for the UAE in agri-food sector, said reports. "The bilateral trade between 2016 and 2020...
  • UAE honored with UN Public Service Award for government modernization

    The UN has awarded the UAE with the United Nations Public Service Award in recognition of its role in government modernization. An official statement said the award came in recognition of the UAE’s achievements in the field of government modernization, building new models of future governments, and its global efforts...
  • Abu Dhabi Investment Office concludes investor interaction program

    The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series of six inaugural events organized by its international office network to discuss expansion opportunities to the UAE capital. ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco...
  • Mubadala and AD Gaming sign MoU

    Both will cooperate to build a gaming and esports ecosystem in UAE.
  • Al Tamouh, Al Qudra merger okayed

    International Holding Company has formally agreed to the merger.
  • Israel PM Bennett meets Abu Dhabi crown prince

    This is the first official visit by an Israeli prime minister to the UAE. It comes a year after the Abraham Accords were negotiated by Bennett's predecessor, Benjamin Netanyahu, who said the deals would offer Israel new regional allies.
  • UAE and Mauritius stress boosting economic, commercial relations

    The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting was held between Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Dr. Renganaden Padayachy, Minister of Finance, Economic Planning and Development of Mauritius, at the Ministry...
  • UAE and Russia foreign trade reaches $4 billion in 2021

    The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of this year, said Sergey Cherimin, Minister of the Government of Moscow. Local media reports said that in 2020, the trade between the two countries amounted to $3.3 billion. Chermin told...
  • Reasons behind shortening UAE’s workweek

    This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek to 4.5.
  • UAE makes color-coded nutritional labeling of food products voluntary

    The UAE has made nutritional labeling of pre-packed products as traffic light colors voluntary, after amending a requirement that would have made such labeling mandatory. An official statement said the move is in line with the UAE government’s "focus on supporting the performance and competitiveness of the industrial sector and...
  • UAE launch trials of autonomous taxis

    The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting on driver's seat in case of emergency.
  • Consumer ‘experience’ reshapes retail in the Gulf

    Companies are increasingly focusing on health and wellness in products and services, says Mohammad A Baker, Deputy Chairman and CEO of Dubai-based conglomerate GMG Group.
  • Rules to obtain a Saudi passport, explained

    Holders of Saudi passports can travel to up to 34 countries without a visa, and may obtain a visa at the airport in 42 countries.
  • Saudi prince ends GCC tour with Kuwait

    Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.
  • UAE and Uzbekistan to ‘prepare government leaders’

    The UAE and Uzbekistan have joined hands to launch a four-month ''Uzbek Government Leadership Program'' to prepare a generation of government leaders based on the working model of the UAE government.
  • UAE elected to Council of International Maritime Organization for third time

    The UAE has been re-elected to the Council of the International Maritime Organisation (IMO) in the Category B membership for the third time. Media reports said that the re-election happened following comprehensive efforts and an intensive election campaign leading up to the elections. The results of the election were announced...
  • UAE to fund project against red palm weevil

    The red palm weevil is said to be a highly destructive pest that blights palm trees.
  • UAE’s curtailed working week rule welcomed

    UAE is the first country in the world to offer a national work week that is shorter than the five-day global week, as well as the first Gulf country to do so.
  • Etihad and ITA Airways sign pact

    Codesharing agreement to boost travel and tourism between Italy and UAE.
  • Gulf boardrooms still a man’s world

    Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the world
  • Mubadala invests in US-based Medallia

    Medallia captures experience data from customers and employees.
  • UAE biggest trading partner of Australia, relations between two growing

    The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai. He added that annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion), and the UAE and Australia...
  • Dubai Financial Market announces new trading hours from 3 Jan 2022

    Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...
  • UAE tops Bloomberg’s monthly Covid Resilience Ranking for Nov 2021

    UAE has risen to the top spot on Bloomberg's Covid Resilience Ranking, dethroning Europe that has been dominating the top rungs of the Ranking for months. Bloomberg said the UAE has been one of the most consistent performers since the Ranking’s inception a year ago. Daily cases in the country...
  • Three laws introduced in UAE after the biggest-ever amendments

    The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of their kind in the history of the country. Approved last month by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the amendments were made to more than 40...
  • UAE signs air transport MoU with Colombia

    The UAE’s General Civil Aviation Authority represented the country in the signing of the deal.
  • ‘UAE-GCC business as usual after new workweek’

    The UAE’s newly-announced working week will not have any negative impact on the UAE and Gulf countries’ business relations, say experts.