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

Nvidia crosses $1trn in market value on Wall Street

Chip company Nvidia exceeded $1 trillion in market value as Wall Street stocks mostly rose, following an agreement between President...
  • Nvidia jumped more than seven percent on bullish sentiment over its role in artificial intelligence breakthrough technology.
  • Most large tech companies advanced early Tuesday, with shares of Facebook parent Meta and Apple both up more than one percent.

Extension of Kurdish parliament unconstitutional, says Iraq supreme court

Iraq's supreme court ruled as unconstitutional the extended mandate of autonomous Kurdistan's parliament, rendering invalid votes taken by the chamber...
  • The president of the top federal court in Baghdad, found unconstitutional the year-long extension of the chamber's mandate.
  • As a result, decisions taken by the Kurdistan parliament since October 2022 "are constitutionally invalid", the judge said.

Moscow issues 1.5m passports in occupied Ukraine territories

Russia has for years been issuing passports to people living in the eastern Donbas areas held by pro-Moscow separatists since...
  • People from the occupied regions told AFP this month that they had been pressured into taking up a Russian passport.
  • The EU has said it will not recognize Russian passports issued by Moscow in the "illegally-occupied" regions of Ukraine.

Putin slams Ukraine as Moscow hit by multiple drone attacks

As drones struck in and around Moscow, Russian drones targeted Kyiv for a third straight day while Ukraine gears up...
  • The Russian defense ministry said that eight drones were used in the attack, adding that five of them were downed and three disabled.
  • Putin said Moscow's air defense had worked in a satisfactory manner, noting that the attacks were Kyiv's "response" to a Russian strike on Ukraine's army intelligence headquarters.

Global action needed to reduce ‘extinction risk’ from AI, say experts

A one-line statement signed by dozens of specialists, including Sam Altman whose firm OpenAI created the ChatGPT bot, said tackling...
  • ChatGPT has demonstrated an ability to generate essays, poems and conversations from the briefest of prompts -- and sparking billions of dollars in investments.
  • Critics and insiders have raised the alarm over everything from biased algorithms to the possibility of massive job losses as AI-powered automation seeps into daily life.

Stock markets give out mixed signals as traders await US debt ceiling vote

Stock markets wobbled as a deal to hike the US debt ceiling and avoid a painful default goes to a...
  • Ultra-conservative Republicans feel House Speaker should have secured far deeper spending cuts in exchange for raising the debt ceiling.
  • The left wing of the Democratic Party is equally unhappy that President Joe Biden agreed to any spending limits at all.

Iran ‘resolves’ one of UN nuclear watchdog’s concerns

Iranian media reports came just days before the board of governors of the International Atomic Energy Agency is due to...
  • The IAEA's concerns about the sites are one of the remaining obstacles to the revival of the 2015 nuclear deal, which was left in tatters by the withdrawal of the US in 2018.
  • The Marivan site in Abadeh county in the southern province of Fars is the first of the three sites to be addressed under a work plan agreed by Iran and the IAEA in March last year.

Saudi national freed from captors in ‘special operation’ by Lebanese army

Beirut, Lebanon--A Saudi national who had been kidnapped in Beirut has been freed in a "special operation" by the Lebanese army...
  • The army said that Saudi national Mashari al-Mutairi was freed from kidnappers in special operation by the army on the Syrian border
  • The Saudi national was kidnapped by unidentified assailants dressed as security personnel in a four-wheel drive vehicle on the Beirut seafront

Israelis revive flashpoint West Bank settlement

Neither the army nor the defence ministry commented on their role in Monday's developments at Homesh when contacted by journalists....
  • The journalists saw Israeli soldiers guarding around 20 people carrying out construction work at the Homesh site, which Israel evacuated nearly two decades ago
  • The latest development comes weeks after the office of Prime Minister Benjamin Netanyahu pledged his government had no plans to reconstruct the site

China launches mission with first civilian to space station

Shenzhou-16 is the first mission to Tiangong since it entered its "application and development" stage, authorities said. Shenzhou-16 will carry out...
  • The Shenzhou-16 crew took off atop a Long March 2F rocket from the Jiuquan Satellite Launch Centre in northwest China at 9:31 am (0131 GMT)
  • The launch was a "complete success" and the "astronauts are in good condition", said Zou Lipeng, director of the Jiuquan Satellite Launch Center

Post SCO summit, China’s Xi and Russia’s Putin start talks in Beijing, says state media

The Chinese and Russian leaders criticised Western governments during the summit on Monday, where Xi slammed "bullying behaviour" from certain...

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Israel vows ‘harsh response’ to Hezbollah attack

Israeli Defence Minister Israel Katz vowed a "harsh response" to a Hezbollah rocket launch targeting a military position on Monday

Macron to hold talks with Crown Prince Salman on Saudi visit

Macron is beginning the first state visit by a French president to Saudi Arabia since Jacques Chirac in 2006, cementing...

Desertification talks open in Saudi Arabia as experts fire warning

UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US President Biden pardons son Hunter before White House exit

Washington D.C. -- US President Joe Biden on Sunday issued an official pardon for his son Hunter, who is facing...
  • Hunter Biden was convicted earlier this year of lying about his drug use when he bought a gun - a felony
  • Bill Clinton pardoned his half-brother for cocaine charges and Trump pardoned the father of his son-in-law for tax evasion

Bashar Al Assad of Syria seeks support from allies as extremist rebels take over key city of Aleppo

Extremist-dominated rebel alliance, including ISIS supporters, runs over Syrian city of Aleppo allegedly backed by Turkey. Russia and Iran push...
  • Extremist rebels' offensive saw Syrian government forces lose control of Aleppo for the first time since the start of the country's civil war

Gulf summit in Kuwait urges ‘immediate ceasefire’ for Gaza

Kuwaiti Emir Sheikh Meshal al-Ahmad al-Sabah called on the international community to implement "an immediate ceasefire, providing international protection for...
  • Sheikh Meshal hit out at what he characterized as the "double standards in the application of relevant international laws, charters and resolutions."
  • The Kuwaiti ruler spoke in support of Saudi Arabia's work to form a global body pushing for an independent Palestinian state.