INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Lebanon’s Hizbollah intensifies attacks on Israel

Hizbollah says it has been acting in support of Hamas since the Palestinian Islamist movement's October 7 attacks on Israel,...
  • Hizbollah said it carried out more than 20 attacks on Israeli military positions and claimed to have caused casualties
  • The violence between Israel and Hizbollah has claimed at least 109 lives in Lebanon, most of them Hizbollah fighters

Internet out: India deploys shutdowns in name of security

New Delhi, India - With the world's largest biometric ID database, a pioneering digital payment system for daily transactions and a...
  • India, the world's largest democracy, with general elections due next year, is also a global leader in internet shutdowns, according to Access Now
  • "Of the 187 internet shutdowns it recorded worldwide last year, 84 were in India, the "most of any country for the fifth consecutive year", it said

Iran foreign minister meets Hizbollah leader in Lebanon

Beirut, Lebanon - Iran's Foreign Minister Hossein Amir-Abdollahian has met with Hassan Nasrallah, the leader of Hizbollah, which has traded cross-border...
  • Iran's foreign minister, who warned that the war could spiral out of control, left Beirut for Doha after his meeting with Hizbollah.
  • Hizbollah says it has been acting in support of Hamas since the Palestinian group's October 7 attacks on Israel.

Tunisian artist Hend Sabri quits WFP to protest against Gaza crisis

Cairo, Egypt - Tunisian film star Hend Sabri has resigned as World Food Program goodwill ambassador in protest at what she...
  • Sabri, a leading figure in Arab cinema, said that she had decided with "a heavy heart and deep sadness" to step down after 13 years with the United Nations agency.
  • Following her resignation, the WFP offered its "heartfelt gratitude" for Sabri's "unwavering support and dedication" as goodwill ambassador.

Israeli troops arrest chief of Al-Shifa hospital in Gaza

An official in the Hamas-run health ministry specified to AFP that one other doctor and two nurses had been detained,...
  • "Doctor Mohammad Abu Salmiya was arrested along with several other senior doctors," said Khalid Abu Samra, a chief of department at the hospital
  • The Israeli army, which raided the hospital last week, has alleged that Hamas fighters used a tunnel complex beneath the facility in Gaza City to stage attacks

WHO says misuse of antibiotics undermining efficacy

Copenhagen, Denmark - Misuse of antibiotics is denting their efficacy and spawning resistant bacteria which could be responsible for 10 million...
  • WHO warned that without immediate intervention, resistance to antimicrobials -- which includes antibiotics -- could lead to up to 10 million deaths a year by 2050
  • It cited incorrect prescription as a "cause for concern," adding that in all the 14 countries, a third of the roughly 8,200 people surveyed had taken antibiotics without advice

Yemen rebels warn they may seize more Red Sea ships

The warning comes after the Huthis on Sunday seized an Israel-linked cargo vessel, opening a new dimension in the Gaza...
  • Huthis have declared themselves part of the "axis of resistance" of Iran's allies and proxies, and have also launched a series of drones and missiles towards Israel
  • Israel's military on Sunday said the seizure was a "very grave incident of global consequence", and a US military official said it was "a flagrant violation of international law"

Aid-truck drivers hope truce will end long wait to enter Gaza

After tedious days marked by idle chitchat and dreary diets of beans and instant coffee, the men, all Egyptians, took...
  • Amid widespread displacement, blackouts, rising malnutrition and worsening sanitation, only around 1,400 truckloads of humanitarian supplies entered Gaza
  • Egyptian drivers told they were proud to be in a position to help Palestinians, but said they were wary of what they might find if and when they do reach Gaza

Oil slides further after OPEC delay as Asian stocks struggle

Both main crude contracts slipped more than one percent on news that the much-anticipated gathering of the major producers would...
  • Riyadh and Russia unveiled massive cuts earlier this year in a bid to boost prices
  • Many experts believe global supplies were healthier than expected

IEA urges oil firms to pour half their investments into clean energy by 2030

Paris, France--The International Energy Agency on Thursday called on oil and gas companies to devote half of their investments to clean...
  • It exhorted producers to make the choice between worsening the climate crisis or helping to limit global warming to +1.5C, in line with the Paris Agreement
  • IEA Executive Director Fatih Birol said that remaining unfazed in the face of a worsening climate crisis is "neither socially nor environmentally responsible"

Trump gives Hamas ultimatum of ‘three to four days’ on Gaza deal

The plan calls for a ceasefire, the release of hostages by Hamas within 72 hours, a disarmament of Hamas and...

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Iran says talks with US unlikely to ‘lead to any outcome’

US Secretary of State Marco Rubio said that Iran could have civilian nuclear power while importing enriched uranium but that...

EU to lift all economic sanctions on Syria to help the war-torn country

EU countries agreed Tuesday to lift all their remaining economic sanctions on Syria in a bid to help the war-torn...

WHO adopts landmark pandemic agreement after over 3 years of negotiations

Geneva, Switzerland - The World Health Organization's member states on Tuesday adopted a landmark Pandemic Agreement on tackling future health...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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China’s Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said...
  • Xiaomi, which sells goods from smartphones to vacuum cleaners and EVs, is one of China's most prominent consumer electronics firms.
  • Xiaomi took initial steps into semiconductors for smartphones with the launch of the firm's first in-house chip - the Surge S1 - in 2017.

Microsoft strikes deal with Elon Musk to host Grok AI

Seattle, United States - Microsoft on Monday said its business cloud servers will now host technology from xAI, days after...
  • Musk told an event hosted by Microsoft that his company's models "aspire to truth with minimal error," adding that "there's always going to be some mistakes that are made."
  • The Grok models from xAI will be available on Microsoft's Azure AI Foundry, a platform that makes hundreds of models available for paying developers to build their own AI models

Joe Biden diagnosed with aggressive prostate cancer

Former US president Joe Biden has been diagnosed with an "aggressive" form of prostate cancer that has spread to his...
  • US President Donald Trump, who has long derided political rival Biden over his cognitive abilities, said he was "saddened" by the news
  • Prostate cancer is the most common form of cancer in men, with the American Cancer Society reporting one in eight men in the US are diagnosed with it