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

Meta, TikTok challenge incoming EU digital market law

Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set...
  • As with the Digital Services Act, which came into force in August, and the 2016 General Data Protection Regulation, the DMA comes with sharp teeth.
  • Companies found infringing the DMA expose themselves to fines that could go as high as 20 percent of their global turnover, or even orders to be broken up.

US chip curbs disturb Chinese firms AI projects

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...
  • E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
  • The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere

Germany, Turkey leaders hold divergent views on Israel-Hamas war

BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the...
  • Turkey’s President Erdogan is on a controversial visit to staunch Israel defender Germany, made more tricky by his accusations directed at Tel Aviv.
  • Erdogan has been increasingly critical of Israel's war against Hamas, triggered by the group's attack that Israel said killed around 1,200 people.

Tajikistan plans to link up with China’s telecom network

Dushanbe, Tajikistan - Tajikistan announced plans Friday to link with China's telecommunications network in order to improve the mountainous, landlocked country's...
  • Tajikistan has one of the slowest internet services in the world despite improvements in recent years, with all traffic going through a center controlled by a government monopoly
  • The project will be carried out alongside the construction of a highway linking Dushanbe, the country's capital in the west, with a town on its border with China

Gaza faces shortage of flour due to Israel-Hamas war

KHAN YUNIS, PALESTINIAN TERRITORIES - One of the last grain warehouses in the Gaza Strip has been damaged by Israeli strikes...
  • Of the five flour mills in the densely populated Palestinian territory, at least two have been hit since the war began on October 7.
  • Humanitarian aid arriving via Egypt has done little to remedy the shortages, made worse by power cuts and a lack of fuel for generators.

24 die at Gaza hospital due to power outages caused by Israeli siege

The announcement came shortly after Israel agreed to a US request to allow two fuel trucks a day into Gaza,...
  • The UNRWA earlier said its aid trucks were unable to enter Gaza from Egypt for a second straight day due to the lack of fuel and a near-total communications blackout.
  • More than half of Gaza's hospitals are no longer functional, and Israel's raid on Al-Shifa left extensive damage to the radiology, burns and dialysis units.

IBM pulls ads from Elon Musk’s X over pro-Nazi posts

In the year since taking over Twitter, now rebranded as X, Musk has gutted content moderation, restored accounts of previously...
  • The move came as X owner Elon Musk faced criticism for endorsing an unfounded antisemitic conspiracy theory on the service
  • Nonprofit Media Matters reported that it found Apple, Oracle and IBM ads displayed next to posts touting Hitler and the Nazi Party on X

Sudan armed conflict expanding to other regions, warns UN

Despite the difficulties, some 4.1 million people have received humanitarian aid in the last seven months -- but that amounts...
  • The deadly unrest in Sudan includes outbreaks of interethnic violence and attacks against women, according to the global body
  • UN assistant secretary-general for Africa expressed alarm over the deteriorating crisis in a Security Council meeting

US concerned over hospital strikes after Jordan’s Gaza facility hit

Washington, which provides significant military aid to Israel, has given unwavering support to its top Middle East ally since the...
  • Blinken spoke by telephone with Jordanian Foreign Minister "to share his deep concern for the Jordanian medical personnel injured outside Jordanian field hospital in Gaza"
  • Antony Blinken, who was attending an Asia-Pacific summit in San Francisco, "reiterated that civilians and medical personnel at hospitals must be protected," a statement said

Alibaba shares dive more than 7% after cloud service called off

Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The...
  • The firm's stock dived 7.13 percent soon after the starting bell in Hong Kong, tracking a collapse in its New York-listed shares
  • Washington has moved to bar the shipment to China of powerful chips, including those from California-based Nvidia

Hamas urges Israel to halt strikes as it searches for two hostages

Hamas's armed wing urged the Israeli military to temporarily halt air strikes and withdraw from part of Gaza City on...

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Gaza air strikes kill over 100 as manhunt unfolds in West Bank

Palestinian rescuers reported more than 100 people killed Thursday in Israeli strikes on blockaded Gaza, where a US-backed organisation said...

Trump says urged Apple to manufacture in US not India

Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States...

Trump says getting close to deal to avoid Iran action

US President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avert military action, sending...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Ukraine, Russia to hold first direct talks since 2022

War rivals Ukraine and Russia are set to go into their first direct talks in more than three years on...
  • Ukraine's President Volodymyr Zelensky had challenged Putin to meet him in person in Istanbul, but the Russian delegation names only a lower-level team
  • Putin's absence would diminish the importance of the first direct negotiations since a failed effort in the weeks after Russia's 2022 invasion

Turkey eyes legal steps after Kurdish militant group PKK disbands

Ankara, Turkey - After the decision by the Kurdish militant group PKK to disband, Turkey was eyeing Wednesday a raft...
  • The pro-Kurdish DEM party urged Ankara on Tuesday to take "confidence-building steps" such as freeing political prisoners
  • So far, Turkish officials have said little but the government is working on a proposal that could ease prison sentences in general

Gaza rescuers say 80 killed in Israeli strikes

Gaza rescuers said at least 80 people were killed in Israeli bombardment across the Palestinian territory on Wednesday, as Israeli...
  • AFP footage from the aftermath of a strike in Jabalia, northern Gaza, showed mounds of concrete rubble and twisted metal from collapsed buildings
  • Footage of mourners in the north of the territory showed women in tears as they kneeled next to bodies wrapped in bloodstained white shrouds