Author: araboutlook.com

SEOUL, SOUTH KOREA / MENA Newswire / – Samsung Electronics led global semiconductor companies in combined investment in 2025, spending nearly 90 trillion won, or US$59.2 billion, on capital expenditure and research and development. The total placed the South Korean chipmaker first among the top 10 semiconductor companies by revenue, according to corporate tracker CEO Score. The ranking tracked spending on chip production assets, research programs and technology development across major industry groups. CEO Score put Samsung’s 2025 investment at 89.8935 trillion won. The amount included 52.1531 trillion won in capital expenditure and 37.7404 trillion won in R&D. The analysis used R&D…

CAIRO / MENA Newswire / — Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt GDP growth. The period includes the first three quarters of the fiscal year. Egypt’s fiscal year runs from July 1 to June 30. The figure followed 5.3% growth in the first quarter and 5.3% in the second quarter. Third quarter growth reached 5.0%, based on government data for January to March 2026. The nine month reading keeps Egypt’s economy above the…

SEOUL, SOUTH KOREA / MENA Newswire / — Nvidia has signed artificial intelligence and data centre agreements with major South Korean companies, widening its role in the country’s AI infrastructure buildout. The agreements involve SK Hynix, SK Telecom, NAVER and Doosan Group. The companies did not disclose financial terms. The announcements followed Nvidia CEO Jensen Huang’s visit to South Korea in early June. SK Hynix and Nvidia agreed to a multiyear technology partnership focused on next generation memory for AI factories. SK Hynix supplies high bandwidth memory used in advanced AI chips. The companies said the work covers memory technology, semiconductor design and…

SAMARKAND, UZBEKISTAN / MENA Newswire / — The Food and Agriculture Organization (FAO) of the United Nations welcomed the ninth replenishment of the Global Environment Facility, saying initial pledges of $3.9 billion will support agriculture, climate and food security solutions. The funding cycle, known as GEF-9, covers 2026 to 2030. It will help countries finance environmental action through more resilient and sustainable agrifood systems. FAO said the replenishment will support work across biodiversity, climate, land, pollution and water management. The announcement came during the Eighth GEF Assembly in Samarkand, Uzbekistan. The meeting brought governments and partners together ahead of global talks…

SEOUL, SOUTH KOREA / MENA Newswire / — South Korea’s cosmetics exports reached US$5.6 billion in the first five months of 2026, government data showed, rising from US$4.6 billion a year earlier. The increase put Korean cosmetics at the top of the country’s major consumer goods export categories. The Ministry of Trade, Industry and Resources reported the January to May figures as K-beauty products continued to gain overseas sales. The data showed cosmetics led five major consumer goods groups tracked by the government. Those categories cover agricultural and fishery products,  cosmetics, fashion apparel, household goods and pharmaceuticals. Agricultural and fishery products had…

KINSHASA, DEMOCRATIC REPUBLIC OF THE CONGO / MENA Newswire / — The World Health Organization (WHO) has reported 507 confirmed Ebola cases and 88 confirmed deaths in the Democratic Republic of the Congo and Uganda. The total in the latest daily Ebola update exceeds an earlier figure of 471 confirmed cases. The outbreak involves Bundibugyo virus disease, a form of Ebola disease. Health officials confirmed the outbreak in May after clusters appeared in eastern Congo and Uganda. Public health teams are tracking confirmed cases, suspected cases, deaths, recoveries and contacts. WHO’s daily table lists 488 confirmed cases and 86 deaths in Congo,…

NEW YORK / MENA Newswire / — UN envoy Jean Arnault said regional agreement is emerging around a quick end to the Middle East conflict. He also cited the need to restore trust and support a lasting settlement. Arnault serves as the Personal Envoy of the UN Secretary-General for the Middle East Conflict and its Consequences. His assessment followed consultations with affected countries, Security Council members, and other member states. The envoy’s office said the broad regional convergence offers a channel for work on conflict resolution and long-term stability. It placed diplomacy at the center of the effort. Arnault has held meetings…

ADDIS ABABA, ETHIOPIA / MENA Newswire / — Africa’s top public health body and the World Health Organization launched a $518 million Ebola response plan on June 5, as health authorities worked to contain a Bundibugyo Ebola virus outbreak in the Democratic Republic of the Congo and Uganda. The plan covers June through November 2026 and supports African countries in preparing for, detecting and responding to the disease. The Africa Centres for Disease Control and Prevention and the World Health Organization said the joint plan uses a single continental framework for emergency coordination, surveillance, lab testing, infection control, clinical care, community work, research, logistics…

Investor interest in UAE property led surveyed markets, supported by return potential, stability and ownership access in the index.

Dollar heads for a weekly gain as the yen nears 160 per dollar, with Japan intervention data and rate gaps in global market focus.