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

How cyber scammers are trying to make AI tools pay

The two worlds of artificial intelligence and cybercrime are starting to collide, with cybercriminals trading tips in online forums on...
  • With a recording of just few seconds of a person's voice, AI tools can produce an imitation capable of tricking employees or friends
  • The FBI said it received 300,497 complaints about phishing scams last year, with losses suffered worth $52 million

Ailing US explorer rescued after nine days in Turkish cave

The 40-year-old explorer developed stomach problems while examining the depths of the Morca Cave, a remote complex of twisting underground...
  • Dickey fell ill at a depth of 1,120 meters, sparking what organizers said was one of the most complicated underground rescue operations ever mounted
  • An international team of 200 rescuers, fellow explorers and medics began to cautiously pull Dickey to safety after first giving him infusions of blood

North Korea’s Kim travels to Russia for talks with Putin

A Russian news agency said that Kim's had crossed the border into the Primorsky region, with images showing a train...
  • The two leaders will meet on the sidelines of the Eastern Economic Forum in Vladivostok
  • US has warned that Pyongyang would "pay a price" if it supplies Moscow with weaponry

US endorses transfer of funds to Iran in prisoner deal

President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine...
  • The money transfer is "a critical step in securing the release of these five US citizens," a State Department spokesperson said
  • Iran's foreign ministry spokesman insisted that the money will allow the Islamic republic to "purchase all non-sanctioned goods"

Sudan army chief visits Eritrea on latest trip abroad

Burhan, the northeast African country's de facto leader since a 2021 coup, has been fighting the paramilitary Rapid Support Forces...
  • Burhan's visit for talks with Eritrea's President was his fourth trip abroad in two weeks
  • Experts say his recent travels aim to burnish his credentials in the event of talks to end the conflict

150 dead in Libya after storm Daniel results in floods

"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
  • The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
  • Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.

Second pilot of helicopter that crashed off UAE coast found dead

Dubai, United Arab Emirates - The second pilot of a helicopter that crashed off the coast of the United Arab Emirates...
  • "Search teams have found the body of the second pilot of the AeroGulf helicopter that crashed off the coast of Umm Al Qaiwain," reports said.
  • The pilots -- an Egyptian and a South African -- had been on a training flight for AeroGulf, the UAE's leading commercial helicopter operator.

Vietnam Airlines, Boeing ink $7.8bn pact

The deal is likely to support more than 30,000 jobs in the US.
  • Vietnam Airlines will purchase 50 of the 737 aircraft, Biden said during a roundtable with senior executives from top American and Vietnamese firms.
  • The communist country's aviation sector has boomed in recent years thanks to a rapidly expanding middle class with growing appetites.

Five-member Israeli delegation makes first open visit to Saudi Arabia

An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as...
  • The team travelled through Dubai, the official said, as there are no direct flights between Israel and Saudi Arabia.
  • They received their visas via UNESCO, the United Nations' educational, scientific and cultural organization.

RTX engine issue to hit profit by $3.5bn

RTX said 600-700 engines will be removed for inspection.
  • Company officials previously described the problem as one of quality control, stressing that there was no immediate danger to flight safety.
  • The impact on pre-tax operating profit, however, is expected to be between $3 billion and $3.5 billion in the coming years, RTX said on Monday.

As King Charles hosts Trump, what do UK state visits entail?

London, United Kingdom - US President Donald Trump arrives in the UK late Tuesday for a state visit with his...

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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.

Turkey opposition to fight Erdogan ‘until the end’: leader tells AFP

The Turkish opposition will fight "until the end" against President Recep Tayyip Erdogan, the leader of the opposition CHP party...

US reiterates support for Morocco on Western Sahara

Secretary of State Marco Rubio on Tuesday renewed US support for Morocco's sovereignty and political plan for Western Sahara, a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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China retaliates with 84 percent tariffs on US products

Beijing, China -- China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said...
  • US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 percent.
  • Beijing has consistently opposed tariff rises and said Wednesday it would take "firm and forceful" steps to protect its interests.

Saudi foreign minister in US to prepare for Trump visit

Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's...
  • Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.
  • Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to "prepare for Trump's visit to Riyadh", the source close to the Saudi government said.

World Bank approves $1.1 bn in financing for Jordan

The World Bank announced Tuesday it will provide Jordan with $1.1 billion in new financing to support economic reforms and...
  • The funding, part of an economic modernization effort, aims to "build socio-economic resilience in the face of continued shocks and crises."
  • The investments cover four projects designed to support inclusive growth and job creation, help start-ups and small businesses