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

ChatGPT diagnoses ER patients ‘like a doctor’

During a study in Netherlands, the chatbot outperformed doctors in some cases. At the same time, it showed some limitations.
  • The chatbot's reasoning was "at times medically implausible or inconsistent, which can lead to misinformation or incorrect diagnosis, with significant implications".
  • The findings -- published in the medical journal Annals of Emergency Medicine -- will be presented at the European Emergency Medicine Congress (EUSEM) 2023 in Barcelona.

Kim Jong Un says Russia will win ‘great victory’ over enemies

"We are confident that the Russian army and people will win a great victory in the just fight to punish...
  • Putin meanwhile praised "the future strengthening of cooperation and friendship between our countries," while hosting Kim at a Far East spaceport.
  • Experts say Russia may seek artillery shells and antitank missiles from North Korea, which wants advanced satellite and nuclear-powered submarine technology in return.

Saudi and Russian oil cuts to cause big supply shortfall: IEA

The IEA said world oil demand remains on track to grow by 2.2 million bpd to 101.8 million bpd this...
  • The warning comes a day after oil prices jumped following OPEC's own update
  • Saudi Arabia and Russia said that they would extend voluntary cuts until the end of the year

China denies ban on use of iPhone in government agencies

Beijing, China--China on Wednesday denied there was any ban on officials purchasing or using foreign phones, including iPhones, after reports said...
  • Foreign ministry spokesperson said that China has not issued any laws, regulations, prohibiting the purchase and use of foreign brand smartphones, including iPhone
  • In the wake of reports about significant Chinese restrictions on iPhones at government offices and state-backed entities, Apple shares tanked sharply last week

California firefighters use AI to battle wildfires

For several years firefighters have used a network of more than 1,000 cameras to monitor possible fire hotspots. Since the...
  • Computers watching live feeds from Cleveland National Forest spotted what their algorithm had been taught to understand was a column of smoke
  • Human operators were able to verify the machines were correct and alerted Captain Kris Yeary of Cal Fire, whose firefighters quickly extinguished the flames

Qantas loses court fight over Covid lockdown layoffs

The airline is already under fire over soaring ticket prices, allegations it sold tickets for cancelled flights, and claims that...
  • The court said Qantas had failed to disprove that one reason for the mass sacking was to prevent the workers from taking industrial action in the future
  • The Transport Workers Union (TWU), which took Qantas to court over the layoffs, hailed the decision and called for the airline's board to be replaced

Iraq court sends 18 police officers to jail for Sweden embassy fire

Supporters of the powerful Shiite Muslim cleric Moqtada Sadr set the Swedish embassy in Baghdad alight on the night of...
  • Eight police received three-year jail terms, seven got two years and three months and three others were sentenced to 18 months in prison
  • Some of the Iraqi police involved in the case were permanently disbarred from the force, according to the court's verdict

Derna counts the cost of Libya flood disaster

Derna was home to about 100,000 people, and many of its multi-storey buildings on the banks of the riverbed collapsed,...
  • Two dams burst in Derna on Sunday after storm hit, releasing a surge of water that tore through the city, sweeping away buildings and people inside them
  • Rescue teams from The Turkey have arrived in eastern Libya, according to authorities. The United Nations and several countries offered to send aid

Bahrain prison inmates suspend strike after 36 days

According to some activists at least 800 inmates joined the strike, the biggest in Bahrain's history. But Bahraini authorities said...
  • The strike was suspended on Monday, after a meeting between jail officials and a group of prisoners
  • The prisoners can now have extra family visits and some inmates have been released from solitary confinement

Red Cross warns death toll may surge as 10,000 missing in Libya floods

The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...
  • World Health Organization spokeswoman Margaret Harris meanwhile described the situation in Libya as "a calamity of epic proportions".
  • In eastern Libya, the storm hit the coastal town of Jabal al-Akhdar especially hard, as well as Benghazi, where a curfew was declared.

WTO fishing deal: the net results

Agreed by more than 100 WTO members, the agreement sets binding rules requiring governments to consider the legality and sustainability...

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UN shipping body approves first global carbon pricing system

From 2028, all ships will be required to use a less carbon-intensive fuel mix, or face financial penalties -- but...

Trump admits trade war ‘cost’ as markets hit

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging...

In skies, as on land, European forces face gaps if US pulls back

Leeuwarden, Netherlands - Fighter jets from the United States, France, Finland and Germany roar into the skies from a Dutch...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump warns of military option; Iran threatens to end UN nuclear inspections before Oman talks

Last month, Trump sent a letter to Khamenei, who has the final say in matters of state in Iran, calling...
  • A senior adviser to supreme leader Ayatollah Ali Khamenei warned that Iran could expel UN nuclear watchdog inspectors over "threats."
  • US Secretary of State Marco Rubio voiced hope Thursday that the US-Iran nuclear talks in Oman this weekend could lead to "peace."

European Union and UAE agree to launch trade deal negotiations

Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...
  • Sheikh Zayed said that the CEPA would create new avenues for cooperation between the UAE and EU, increase trade and investment flows.
  • The EU is the UAE’s second-largest trading partner, accounting for 8.3 percent of the UAE’s total non-oil trade, which hit $67.6 billion in 2024.

Verstappen out to silence McLaren in the battle of Bahrain

McLaren's Lando Norris holds a wafer-thin advantage over four-time world champion Max Verstappen going into this weekend's Bahrain Grand Prix.
  • Max Verstappen arrives in Bahrain fresh from one of the best weekends of his life, on the track at least, in Japan
  • Friday's opening practice will feature a host of teams giving potential stars of the future a spin