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

Sudan ceasefire extended as gunfire rages, aid trickles in

Many residents said they could hear gunfire after dark on Monday, shortly before the ceasefire extension was announced. Earlier, they...
  • Shortly before the initial one-week ceasefire was to expire at 1945 GMT, Washington and Riyadh announced the extension
  • In a "major breakthrough", the WFP said Monday that it had begun reaching thousands of Khartoum's trapped residents

After win, Erdogan faces tough task of uniting a polarized Turkey

Turkey's longest-serving leader surmounted a powerful opposition coalition, an economic crisis and anger following a devastating February earthquake to beat...
  • Turkish president called on Turks to "come together in unity and solidarity", while Kilicdaroglu vowed to "continue the struggle" against the president and his AKP party
  • Erdogan's inauguration ceremony, the nomination of a new cabinet and the sitting of the new parliament will follow the confirmation of the final election results this week

US leaders look for support on crucial debt default bill

The key deadline is June 5 -- when, according to Treasury estimates, the government will no longer have the funds...
  • The bill, finalized on Sunday by President Joe Biden and House Speaker Kevin McCarthy, faces opposition from the progressive and hard-right wings.
  • Biden and McCarthy both say they are confident the bill will pass a House vote scheduled for Wednesday and then move swiftly to the Senate.

World at tipping point of new computer era: Nvidia chief

Jensen Huang unveiled a raft of AI-related products in his first public speech in four years at Taiwan tech trade...
  • The new supercomputer will -- in theory -- help the tech industry as it seeks to create more AI-related products, which require more complex computing tasks.
  • “We're so excited that Google Cloud, Meta and Microsoft will be the first companies in the world to have access," Huang added.

Would welcome diplomatic ties with Egypt, says Iran’s Supreme Leader

Iran's Supreme Leader Ayatollah Ali Khamenei said he would welcome a resumption of diplomatic relations with Egypt, during a meeting...
  • Iran's Supreme Leader Ayatollah Ali Khamenei said that the Omani leader had told him that Egypt would be willing to resume relations.
  • Khamenei said that there should be an increase in cooperation between Oman and Iran as the two countries share the Strait of Hormuz.

Israeli forces kill Palestinian in West Bank raid: ministry

The Israeli military said "suspects fired heavily at the forces, who responded with fire toward the armed men" during a...
  • Ashraf Mohammed Ibrahim, 37, was "shot by the Israeli occupation" in the northern city of Jenin, the ministry said
  • Ibrahim was an officer in the Palestinian intelligence service, according to the official Palestinian news agency Wafa

AI disinformation potential sparks fears for US 2024 race

Campaigns on both sides of the political divide are likely to harness this technology -- which is cheap, easily accessible...
  • Fast-evolving artificial intelligence technology could turbocharge misinformation in US political campaigns, observers say
  • AI advancements will become a "game changing" tool for understanding voters, said Vance Reavie, chief executive of Junction AI

World leaders congratulate Turkey’s victorious Erdogan

US President Biden said he hoped to work with Erdogan on "shared global challenges". Russia's President Putin, who has collaborated...
  • Ursula von der Leyen, President of the Commission of the European Union, which Erdogan aspires for Turkey to join, said the bloc wanted to strengthen ties with the country
  • Ukrainian President Volodymyr Zelensky welcomed the win for Erdogan, who since Russia's invasion of Ukraine has positioned himself as a mediator in the conflict

Israel targets Damascus with missiles: Syrian state media

Since the start of the war in Syria in 2011, Israel has carried out hundreds of air strikes against regime...
  • Israel targeted certain positions in the vicinity of Damascus, but anti-aircraft defences brought down several missiles, Syrian ministry said
  • The strikes were the first on Damascus since late March, the last Israeli air raids on Syria on May 2 left seven dead

Erdogan stays undefeated, extends two-decade rule in Turkey runoff

Recep Tayyip Erdogan appealed for national unity Monday after winning a historic runoff election that extended two decades of his...
  • Near-complete results show Erdogan beating challenger Kemal Kilicdaroglu by four percentage points
  • "We will be ruling the country for the coming five years," Recep Tayyip Erdogan tells his supporters

Hamas rejects reported plan for US takeover of Gaza and relocation of its residents

Hamas denounced on Monday a plan reportedly being considered by US President Donald Trump for the United States to take...

Company News

Latest News

Plastic pollution talks South Korea fail to reach landmark deal

Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Trump threatens 100% tariff on BRICS countries over currency plans

Washington, United States -- President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations...
  • The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies.
  • The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates

Elon Musk asks US court to block OpenAi’s for-profit conversion

Washington, United States -- Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit...
  • The move is the latest development in a business feud between OpenAI and Musk, who co-founded the group in 2015 but has since left.
  • OpenAI has seen its profile skyrocket over recent years as it has become a star player in the growing field of artificial intelligence.

Turkish-backed jihadists breach Aleppo, displacing thousands and cutting vital highway to Damascus

By Friday, the jihadists and their allies had taken more than 50 towns and villages in the north and entered...
  • The fighters took control of "half of the city of Aleppo" as regime forces withdrew, according to the Syrian Observatory for Human Rights
  • The offensive began on Wednesday, the same day that a fragile ceasefire took effect in neighbouring Lebanon between Israel and Hezbollah