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

Russia hits Ukraine govt offices in war’s biggest air attack

Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices...

Israel air strikes in Syria kill 3 pro-regime fighters: monitor

The Britain-based Syrian Observatory for Human Rights said the strikes also targeted positions of the Syrian army's elite Fourth Division...
  • Syrian state news agency SANA earlier reported two soldiers had been wounded in the overnight strikes
  • The war monitor said the targets included warehouses used by Lebanon's Iran-backed Hezbollah militant group

One dead, hundreds of migrants rescued off Morocco: media

The Spanish islands have long been a draw for migrants seeking a better life in Europe, with many boats setting...
  • Morocco in northwest Africa is a transit country for many migrants trying to get to Europe via Spain's mainland or its Canary Islands in the Atlantic
  • Morocco's news agency citing a military source, said the kingdom's navy rescued 845 migrants, mostly from sub-Saharan Africa, between July 10 and Monday

Meta challenges OpenAI and Google with open-source Llama

The new, more powerful version of Meta's model, called Llama 2, would be available to any business for download or...
  • Meta has avoided releasing generative AI products straight to the consumer, and instead developed Llama, a language model specifically developed for researchers
  • Crucially, Llama is open-source, meaning that its inner workings are available to all to be tinkered with and modified, unlike the headline-grabbing AIs developed by OpenAI

Iran looks to Arab states to propel its lackluster tourism sector

Avoided by western tourists, Iran is turning to wealthy Arab states and other nearby countries to bolster its sanctions-hit economy....
  • Visitors at ancient Iranian sites can be heard speaking Arabic, Chinese and Russian and not English, French or German
  • With its ancient splendors like the cities of Shiraz, Isfahan and Mashhad, Iran has attracted visitors from far and wide

Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

The sinking of the vessel, or an on-board explosion, would have unleashed a thin slick of oil across the Red...
  • "Any oil ship needs regular maintenance... to keep the ship safe," said Ebrahim al-Moshki, head of Hodeida's maritime affairs authority
  • The UN has said half a million people work in the area's fishing industry, and that 200,000 livelihoods "would be instantly wiped out"

Chinese president vows solid ties with Algeria, eyes energy supply

China's President Xi Jinping has pledged stronger ties with Algeria, highlighting the importance of their comprehensive strategic partnership. Algeria, Africa's...
  • President Xi Jinping emphasized the readiness of China to work with Algeria in strengthening strategic communications and deepening exchanges and cooperation
  • Algerian President Tebboune is on a five-day official visit to China, his inaugural trip to China since being elected as the premier of Algeria

Iraqis rally in heat against water, electricity crisis

Designated by the UN as one of the five countries in the world most touched by some effects of climate...
  • United Nations has declared Iraq as one of the five countries in the world most touched by some effects of climate change
  • "We have come to peacefully protest and demand water from the government and the source countries," Najeh Jawda Khalil told AFP

Markets drop as China growth worries offset Fed rate hopes

Regional traders extended Monday's retreat sparked by disappointing second-quarter data out of Beijing that missed forecasts badly and highlighted the...
  • Hong Kong led losses Tuesday, shedding more than two percent following a five-day rally, as it reopened a day after being shut because of a severe storm
  • Shanghai, Sydney, Seoul, Singapore, Manila, Jakarta, Wellington and Taipei also dropped, though Tokyo, Mumbai and Bangkok edged higher

Rich-poor split could tighten ‘grip of poverty’: World Bank chief

The G20 talks come after Russia on Monday refused to extend a deal allowing critical Ukrainian grain exports through the...
  • World Bank said it is working to increase its financial capability to spur growth and jobs, but said the future economy could not rely on expansion at the cost of the environment
  • The United States says efforts to reform multilateral lenders such as the World Bank and other regional institutions could unlock $200 billion over the next decade

Israelis stage ‘day of resistance’ against judicial overhaul

Demonstrators holding Israeli flags and chanting "democracy, democracy" also entered the stock exchange building in Tel Aviv and staged a...
  • Weekly rallies across Israel have drawn tens of thousands of protesters aiming to prevent what they believe could open the way to more authoritarian government
  • Crowds gathered in the coastal city of Tel Aviv, Israel's commercial hub, early on Tuesday after organisers had called for a "national day of resistance" ahead of a planned vote

UN rights chief denounces Israeli ‘genocidal rhetoric’ on Gaza

Volker Turk said "shocking and dehumanizing language" has been used by a number of high-level officials, stressing that "this is...

Company News

Latest News

China says will fight to ‘bitter end’ if US pushes trade war

Pressure from Trump could motivate Beijing to strengthen the kinds of support for the economy seen last year -- interest...

Gazans face food shortages, price hikes as Israel blocks aid amid ceasefire negotiations stalemate

Despite ceasefire negotiations, Gaza’s humanitarian situation remains critical, with markets facing inflation, displaced residents lacking proper shelter, and aid workers...

Bitcoin falls below $80,000 first time since November amid market volatility

Hong Kong, China -- Bitcoin sank below $80,000 on Friday for the first time in more than three months as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas, Israel prisoner swap advances as talks for ceasefire’s next phase loom

Israeli authorities received four hostage bodies from Hamas, while Palestinian prisoners were welcomed in Ramallah, as ceasefire negotiations involving Egypt,...
  • The office of Prime Minister Benjamin Netanyahu confirmed they had received the coffins of "four fallen hostages", and a process to formally identify them had started in Israel
  • The ceasefire has largely halted the war sparked by Hamas's October 7, 2023 attack on Israel, and seen 25 hostages released alive so far in exchange for more than 1,100 prisoners

Billionaire Bezos announces restrictions on Washington Post opinion coverage

Washington, United States - The Washington Post will no longer run views opposed to "personal liberties and free markets" on...
  • "We are going to be writing every day in support and defense of two pillars: personal liberties and free markets," wrote Bezos on social media platform X
  • In January, an award-winning political cartoonist for the newspaper announced her resignation after a cartoon depicting Bezos groveling before Trump was rejected

Deal restored: Hamas, Israel finalize exchange of Palestinian prisoners for bodies of Israeli hostages

Mediators have revived a deal for Israel to release Palestinian prisoners in exchange for the bodies of four Israeli hostages,...
  • Palestinian militant group Hamas confirmed the agreement, under Egyptian supervision, saying it was part of the first phase of its ceasefire deal with Israel
  • On Sunday, Hamas accused Israel of endangering the five-week-old Gaza truce by delaying the release of 600 Palestinian prisoners