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

World Bank chief vows to tackle ‘dysfunctionality’ at development lender

The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its...
  • Banga has previously called on World Bank to collaborate more closely with the private sector to meet the enormous costs associated with climate change mitigation and adaption
  • On Tuesday, Banga said the bank should carefully target where it wants to encourage private investment to help cap carbon emissions in order to have the biggest impact

ChatGPT maker value rockets in funding talks: report

The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year...
  • OpenAI this week said it is adding voice and image capabilities to the platform, which was previously limited to written prompts
  • Voice and image capabilities are being rolled out to ChatGPT Plus and Enterprise users over the course of the coming weeks

Saudi envoy seeks to reassure Palestinians amid Israel talks

Sudairi's delegation, which crossed overland from Jordan, was the first from Riyadh to visit the West Bank since the 1993...
  • In a sign of the thaw, Israel's Tourism Minister Haim Katz visited Riyadh on the same day, for the first such high-level public mission to the oil-rich kingdom
  • Speaking at a ceremony Tuesday marking the 1973 Arab-Israeli war, Israeli Prime Minister Benjamin Netanyahu said "many states in the Middle East want peace with Israel"

Morocco looks to become key player in green hydrogen

According to the country's economy minister, around 1.5 million acres of public land -- nearly the size of Kuwait --...
  • It hopes to harness green hydrogen -- the kind made without burning fossil fuels -- for its sizeable fertilizer sector
  • Hydrogen is seen as a clean energy source that can help the world reduce atmospheric carbon emissions

100 killed in fire during wedding at Iraq event hall

At the main hospital in Hamdaniyah -- a predominantly Christian town east of Mosul that is also known as Qaraqosh...
  • In a statement, civil defence authorities reported the presence of prefabricated panels that were "highly flammable and contravened safety standards"
  • Iraqi Prime Minister Mohamed Shia al-Sudani called on the ministers of health and the interior to "mobilise all rescue efforts" to help the victims of the fire

France warns Lebanon financial aid at risk over presidency deadlock

French President Emmanuel Macron's special envoy urged Lebanese factions to find a "third way" for electing a new president, warning...
  • Lebanon has been without a president for almost a year after ex-head of state Michel Aoun's mandate expired.
  • Lebanon's president is elected by parliament, where neither side has a majority, rather than by universal suffrage.

Top army officials from 30 nations review threats in Asia-Pacific

New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday...
  • US Army chief Randy George said the region was "critically important", speaking to reporters alongside his Indian counterpart Manoj Pande.
  • Generals from Japan and Australia, which make up the "Quad" defense cooperation forum alongside Washington and New Delhi, also took part.

Alibaba plans to list subsidiary in IPO

It did not give a timetable for the move or how much it hoped to raise.
  • Alibaba announced in March it was dividing itself into six entities, with the goal of listing them separately, along with the replacement of CEO Daniel Zhang.
  • Zhang, who was initially supposed to take charge of the firm's new cloud computing branch in September after stepping down, left just as he was supposed to take up his new post.

The ‘tyranny of thinness’ still dominates fashion

A handful of plus-size models such as Paloma Elsesser have grabbed media attention in recent years, but the figures show...
  • Vogue Business looked at 9,137 outfits unveiled during 219 shows in New York, London, Milan and Paris last season and found that 0.6 percent were plus-size.
  • Paolo Volonte, who teaches sociology of fashion in Milan, says brands use a few curvy models to deflect criticism.

Antarctic sea ice hits lowest winter maximum on record, says data

WASHINGTON, US -  The sea ice around Antarctica likely had a record low surface area when it was at its maximum...
  • The ice pack typically reaches its largest size during the colder winter months, so the September 10 reading will likely remain this year's maximum.
  • At its high-point this year, the sea ice was 1.03 million square kilometers smaller than the previous record.

Scientists train AI model to predict future illnesses

Paris, France - Scientists said Wednesday that they had created an AI model able to predict medical diagnoses years in...

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Egypt central bank lowers interest rate for first time since 2020

Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after...

Deadly US strikes hit Yemen fuel port used by Huthis

The US military said it had destroyed a key Yemeni fuel port as it targets the country's Huthi rebels, who...

Hamas rejects Israel’s truce plan, demands full withdrawal and end of war in Gaza

The Palestinian militants' chief negotiator spoke out after civil defence rescuers in Gaza said new Israeli air strikes killed at...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US judge rules Google monopolized online ad tech market

Washington, United States -- A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology...
  • It is one of two federal suits targeting Google that could ultimately see the company split up and curb its influence -- and part of a wider government push to rein in Big Tech.
  • The vast majority of websites use a trio of Google ad software products that together leave no way for publishers to escape Google's advertising technology, the plaintiffs alleged.

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.
  • TSMC is the world's largest contract maker of chips that have become the lifeblood of the global economy, powering everything from smartphones to missiles.
  • Demand for chips has soared in recent years with the growth of AI, but there are fears that Trump's far-reaching tariffs could drive up consumer prices and hurt chipmakers.

Qatar renews $60 mn grant for Lebanon army salaries

Qatar is to renew a $60 million grant to pay the salaries of Lebanon's army and provide 162 military vehicles,...
  • The Lebanese President arrived in Qatar on Tuesday accompanied by foreign minister Youssef Raggi, and departed Doha on Wednesday afternoon
  • The gas-rich Gulf state in February pledged support for reconstruction in Lebanon and was already a provider of financial and in-kind support to the Lebanon