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

Netanyahu at UN issues ‘nuclear’ threat to Iran, later retracted

Netanyahu, who has repeatedly used the UN stage to issue dark warnings about Tehran, briefly gave pause at the General...
  • His office soon afterward said that Netanyahu had misspoken and that his prepared text said "credible military threat" instead of "credible nuclear threat."
  • "It was misread as credible nuclear threat. The prime minister stands by the original text of the speech," the prime minister's office said.

EU readies to pay Tunisia for stopping irregular migration

The EU is to start releasing money to Tunisia under a pact aimed at stemming irregular migration from the country,...
  • The EU deal, strongly supported by Italy's far-right government, aims to bolster Tunis's coastguard to prevent boats leaving its shore
  • A first payment of US$135 million will be disbursed "in the coming days," a commission spokeswoman, Ana Pisonero, said

Cisco buys Splunk for US$28bn

Splunk is a software platform that uses AI to identify malware.
  • Cisco will pay a premium of $157 per share, up from the $120 Splunk traded at before the announcement.
  • According to the company's website, Splunk was founded in 2003 and holds over 1,100 patents.

Afghan wushu fighters defy money woes to pursue Asian Games glory

Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power in 2021....
  • The team say the Taliban authorities support sport, but there is no government financial backing for athletes
  • Afghanistan will compete in 15 sports in Hangzhou, the country's first Asian Games since the Taliban seized power

Iran, Djibouti resume diplomatic ties after 7 years

Iran announced the restoring of diplomatic ties with Djibouti over seven years after it joined other regional nations in severing...
  • The move followed Iranian foreign minister Amir-Abdollahian's meeting with his Djiboutian counterpart Mahamoud Ali Youssouf in New York.
  • Djibouti cut ties with Iran in January 2016 after attacks on Saudi missions during protests over Riyadh's execution of a Shiite cleric.

Microsoft to offer OpenAI’s Dall-E 3 in Bing

Microsoft has bet big on AI, notably with a $10-billion envelope dedicated to its partnership with OpenAI, and is now...
  • Two versions of Dall-E were developed by OpenAI and presaged the massive explosion of interest in generative AI that came when it released ChatGPT late last year
  • Dall-E uses machine learning technology to generate digital images from natural language descriptions and the third version, due to be released in October

China to control half the world’s hydrogen electrolyser capacity

China's installed electrolyzer capacity has jumped significantly in recent years, and is expected to reach 1.2 gigawatts –- 50 percent...
  • China's installed electrolyzer capacity has jumped in recent years and is expected to reach 1.2 gigawatts after having accounted for just 10 percent of the global capacity in 2020
  • Electrolyzers are devices used for the industrial separation of hydrogen and oxygen within water molecules, using electricity obtained through renewable energy sources

Xi announces ‘strategic partnership’ with Syria after meeting Assad

Assad is on his first official trip to China in almost two decades as he seeks financial support to rebuild...
  • Analysts expect Assad's visit to China will focus, in part, on funds for reconstruction. It also comes as China's influence in the Middle East grows.
  • This year Beijing brokered a deal that saw longtime regional rivals Saudi Arabia and Damascus-backer Iran agree to restore ties and reopen their respective embassies.

Sudan army chief warns UN that war could spill over in region

General Abdel Fattah al-Burhan, the de facto ruler of Sudan since a 2021 coup, alluded to the rival Rapid Support...
  • Burhan has increasingly been traveling around the world in what are seen as efforts to burnish his legitimacy
  • At the United Nations, he urged world powers to designate the Rapid Support Forces, or RSF, as a terrorist group

In war-scarred Iraqi city, food business gives women independence

Only slightly more than 10 percent of Iraq's 13 million women of working age are in the job market, according...
  • Abir Jassem is now one of some 30 employees of "Taste of Mosul", which celebrates local delicacies and was founded in 2017 after northern Iraqi metropolis was liberated from IS
  • Launched with just two cooks, the initiative has since grown and most of the workers -- cooks as well as two deliverywomen -- are widowed or divorced

King Saud University wins US patent for firefighting robot

Riyadh, Saudi Arabia - The Center of Smart Robotics Research at the College of Computer and Information Sciences, King Saud...

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Netanyahu visits Gaza as Hamas warns hostages may die amid continued Israeli offensive

Israeli Prime Minister Benjamin Netanyahu visited northern Gaza Tuesday, his office announced, as the military kept up the offensive it...

Denmark’s Royal Unibrew adds AI colleagues into workforce

Fakse, Denmark -- They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only...

Hermes overtakes LVMH as world’s most valuable luxury group

Paris, France -- French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Syria, Lebanon leaders in Qatar for first official visits

Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...
  • Lebanese President Joseph Aoun, accompanied by foreign minister Youssef Raggi, also touched down in Doha as delegations of two countries held talks.
  • Beirut and Damascus have been seeking to improve relations since the overthrow of Assad, whose family dynasty exercised control over Lebanese affairs for decades.

Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

Beirut, Lebanon - The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon...
  • Hezbollah was left badly weakened by more than a year of hostilities with Israel, beginning with the group's campaign of rocket fire at its arch-foe in support of ally Hamas
  • Israel was meant to withdraw its troops, but it still remains in five points it deems "strategic" and conducts regular strikes on what it says are mostly Hezbollah targets

Iran’s top diplomat to visit Russia after US nuclear talks

Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of...
  • On Saturday, Abbas Araghchi held talks with US Middle East envoy Steve Witkoff in Oman -- the highest-level discussions since the 2015 nuclear accord collapsed
  • Russia, a close ally of Iran and party to the 2015 deal, and China have engaged with Tehran in recent weeks over its nuclear programme