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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

Error-prone AI chatbot dog leads Japan’s elderly astray

Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is...
  • Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in Japan
  • But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth

Elon Musk teases audio and video calls at X

"Early version of video and audio calling on X," Musk wrote in a post that contained a screen capture showing...
  • Musk announced in August that voice and video calls were in the works at X in what was seen as a step towards turning the former Twitter into an "everything app"
  • The calling features of X, previously known as Twitter, would work on iOS, Android, Mac and PC systems, and no phone number would be needed, he said at the time

Volvo Cars posts profit

Its operating profit shot up to US$400m for the third quarter.
  • The car maker reported an operating profit of 4.5 billion kronor ($400 million) for the third quarter -- up from two billion kronor a year earlier
  • Volvo Cars saw a more than fourfold increase in net income for the period, reaching 3.2 billion kronor, compared to 665 million for the same period a year before

Mercedes-Benz profit slumps

The carmaker's net profit plunged 7% to US$3.9bn in Q3.
  • The company's revenue dropped 1.4% to $39.21bn , partly because passenger car sales were around five percent lower in the quarter
  • The German automaker left its outlook for 2023 unchanged, with revenue and operating profit seen at the same level as last year

Meta quarterly profit jumps but it sees volatility in ad market

The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users...
  • Meta made a profit of $11.6 billion as ad revenue climbed 23 percent to $34 billion when compared to the same period a year earlier
  • Meta shares, which closed the formal trading day down, fell more than three percent further in after-hours trades to $289.50

‘Too hot outside’: Saudis take to walking, jogging in malls

Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year...
  • Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year that described the issue as "alarming"
  • To help bring that percentage down, the Saudi Sports for All Federation now organizes races such as the Riyadh Marathon, which this year drew thousands of runners

Crypto crackdown intensifies on Hamas finance

Israeli and US authorities have intensified their financial hunt into Hamas in recent days as they track illicit funds via...
  • Crypto addresses identified by Israel as being linked to Hamas received about $41 million between August 2020 and July 2023, according to Israeli analytics
  • Other crypto addresses linked to Islamic Jihad received in excess of $154 million between October 2022 and September 2023, with some still active

Gunman kills 22 in mass shooting in Maine, US

The county sheriff's department asked people to lock down or close their business while "we investigate." The gunman is still...
  • The law enforcement officials posted a photo of the shooter on Facebook with a weapon inside the bowling alley
  • Police in the city of Lewiston said they are trying to locate Robert Card, 40, "as a person of interest" in the shooting

Boeing posts Q3 loss

The firm trims full-year forecast for deliveries of the 737.
  • The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion
  • The latest issue with the 737 is the result of misshapen holes drilled in a part of the fuselage that helps maintain plane pressure.

Turkey and Qatar reject ‘double standards’ in Gaza response

Qatar's top diplomat Mohammed bin Abdulrahman Al-Thani said the two governments -- both Western allies -- "reaffirm our complete rejection...
  • The Qatari minister said the only way to restore peace in and around Gaza was to keep channels of communication open.
  • He said Doha and Ankara would continue to coordinate with each other and regional partners to de-escalate the conflict.

‘A child killed every hour’: UN humanitarian chief slams impunity in face of Gaza ‘horror’

After nearly two years of war, Israeli military operations have killed at least 65,419 Palestinians, mostly civilians, according to the...

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OPEC+ countries to open the oil taps despite price slump

Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000...

Hamas armed wing releases video of apparently injured Israeli hostage

The armed wing of Hamas, the Ezzedine al-Qassam Brigades, released a video Saturday showing an Israeli-Russian hostage who appeared to have...

Trump’s next 100 days: Now comes the hard part

In a dizzying first three months, Trump wielded executive power like no other modern president, signing more than 140 orders...
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INSEAD Day 4- 300x600

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Israel launches new Syria strikes amid Druze tensions

Israel launched more than 20 air strikes inside Syria late Friday, a war monitor said, following up an attack near...
  • The strikes came amid Israeli warnings to the Damascus government not to harm the Druze minority, following recent sectarian clashes
  • An Israeli military statement said its forces had "struck a military site, anti-aircraft cannons and surface-to-air missile infrastructure in Syria."

Cat sole survivor of 115-meter fall at Bryce Canyon National Park

Los Angeles, United States - A cat that fell alongside a couple into a 115-meter-high canyon was the only survivor...
  • The feline "was found in a black soft-sided carrier that was dirty and torn, but seemed to have weathered the fall fairly well," the Best Friends Animal Society said
  • It added that cat's bloodwork showed no signs of abnormality but that staff was awaiting x-rays to determine whether there were any other injuries

Apple expects $900 million hit from tariff war

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting...
  • Cook said he expected "a majority of iPhones sold in the US will have India as their country of origin."
  • Tit-for-tat exchanges have seen hefty US levies imposed on China, with Beijing setting retaliatory barriers on US imports