INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Saudi Pro League announces long-term partnership with Maaden

Riyadh, Saudi Arabia - The Saudi Pro League (SPL) and Saudi Arabian Mining Company (Maaden) have agreed a long-term strategic...
  • The partnership will focus on strengthening Maaden’s position as an employer of choice in Saudi Arabia
  • The collaboration will also explore joint initiatives across community engagement and national talent development

Syria inks $7 bn energy deal with Qatari, Turkish, US firms

The agreement was sealed at the presidential palace in Damascus in the presence of interim President Ahmed al-Sharaa and US...

Generative AI’s most prominent skeptic doubles down

Vancouver, Canada -- Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains...
  • Marcus's criticism centers on a fundamental belief: generative AI, the predictive technology that churns out seemingly human-level content, is too flawed to be transformative.
  • The large language models (LLMs) that power these capabilities are inherently broken, he argues, and will never deliver on Silicon Valley's grand promises.

Musk to exit US government role after rare break with Trump

Washington, United States - Billionaire Elon Musk on Wednesday announced he was leaving his role in US government, intended to...
  • The South African-born tech tycoon had said Trump's bill would increase the deficit and undermine the work of Department of Government Efficiency (DOGE)
  • Musk, who was a constant presence at Trump's side before returning to his businesses, complained that DOGE had become "whipping boy" for dissatisfaction with the administration

OPEC+ ministers, led by Saudi Arabia and Russia, meet as oil output hike looms despite falling prices

The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and...
  • The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output
  • The move has put pressure on prices, which have also fallen as investors worry that US President Donald Trump's tariff onslaught will cause an economic slump and weigh on demand

Global economic outlook worsens, AI emerges as both catalyst and risk

Geneva, Switzerland – The global economic outlook has worsened since the start of the year, as rising economic nationalism and...
  • Nearly all the chief economists (97 percent) place trade policy among the areas of highest uncertainty, followed by monetary policy (49 percent) and fiscal policy (35 percent).
  • This uncertainty is expected to weigh on key economic indicators, including trade volumes (70 percent), GDP growth (68 percent) and foreign direct investment (62 percent).

US suspends student visa processing in fresh swipe at foreign applicants

President Donald Trump's administration is seeking unprecedented control over leading US universities, including revoking foreign student visas and deporting some...
  • The government plans to ramp up vetting of the social media profiles of international applicants to US universities, the cable said.
  • Rubio earlier rescinded hundreds of visas and the Trump administration has moved to bar Harvard University from admitting non-Americans.

Hajj pilgrimage to begin on June 4: Saudi state media

Riyadh, Saudi Arabia - Saudi Arabia announced on Tuesday that the annual Muslim hajj pilgrimage to Mecca would begin on...
  • The date was announced by the supreme court in a statement carried by the Saudi press agency.
  • Last year, 1.8 million Muslims took part in the hajj, according to official figures

UN says 70% chance that 2025-2029 average global warming will exceed 1.5C threshold

The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in...
  • The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in 2023 and 2024
  • The WMO forecasts that the global mean near-surface temperature for each year between 2025 and 2029 will be between 1.2C and 1.9C above the pre-industrial average.

Iran president in Oman as nuclear talks progress

Iranian President Masoud Pezeshkian on Tuesday began a two-day visit to Oman, which is mediating ongoing nuclear talks between Tehran...
  • Pezeshkian travelled to Muscat looking to promote "peace and stability", he said, two days after US President Donald Trump described the latest negotiations as "very, very good".
  • "We hope to engage in dialogue to reach a shared perspective and a common voice on promoting peace and stability in the region," Pezeshkian said in a televised speech

US unemployment rises further, hovering at highest since 2021

A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers'...

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Gold tops $4,000 for first time on political, economic worries

US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...

GITEX25: G42 to host fireside chat with OpenAI CEO Sam Altman

Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...

Syria announces ‘comprehensive ceasefire’ with Kurds after clashes

Damascus, Syria - Syria announced a comprehensive ceasefire with Kurdish forces after a meeting Tuesday between Syrian President Ahmed al-Sharaa...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN chief demands end to Gaza hostilities, immediate release of hostages

On the second anniversary of the Hamas October 7, 2023 attack on Israel, Antonio Guterres decried a "humanitarian catastrophe on...
  • His comments came as the world marked the two years since Hamas launched a massive assault on Israel, making it the deadliest day in the country's history.
  • Israel's military campaign in Gaza by air, land and sea has killed at least 67,160 people, according to the health ministry in the Hamas-run territory.

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
  • In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
  • Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.

OpenAI unveils ChatGPT app integration feature

San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...
  • Chief Executive Sam Altman announced the new tool to a crowd of enthusiastic developers gathered in San Francisco for the company's annual "Developer Day."
  • The new feature, Apps SDK, allows ChatGPT to interact with various apps to select music, search for real estate or explore hotel and flight booking sites