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

Erdogan: Turkey’s irresistible force nears final election test

Known to his inner circle as "beyefendi" (sir) and to admirers as "reis" (the chief), Erdogan prides himself on being...
  • The ultimate political survivor, Erdogan, has overcome jail and a bloody 2016 coup attempt to emerge as Turkey's most important leader since Mustafa Kemal Ataturk.
  • Next Sunday's runoff is turning into a referendum on Erdogan's rule, with its result likely to leave the sharply polarized nation of 85 million deeply divided.

Need for big investments dark cloud over ChatGPT revolution

Building something even near the scale of what OpenAI, Microsoft or Google have on offer would require billions in investment...
  • Generative AI will be even more dependent on cloud computing and tech giants, leaving the same players in the driver's seat.
  • Regulators are hoping that they can keep up, and not leave the giants in charge, imposing their terms on smaller companies.

Bahrain to resume diplomatic relations with Lebanon

The Bahraini decision comes the day after the Arab League summit in Saudi Arabia against a backdrop of unexpected rapprochement...
  • Bahrain followed Saudi Arabia in recalling their diplomats towards the end of 2021 after a Lebanese minister criticized Riyadh's military intervention in the war in Yemen.
  • Lebanon's prime minister Najib Mikati said the country "appreciated this decision and welcomes it". Saudi Arabia returned its envoy to Lebanon in April last year.

Moscow ‘captures’ Bakhmut ahead of Kyiv counteroffensive

Bakhmut, which once had a population of 70,000 people, has been the scene of the bloodiest battle in Moscow's more...
  • Ukrainian president Volodymyr Zelensky has warned that the fall of the city would open the way for Russian troops to capture more parts of Donbas.
  • Russia's announcement that the city had fallen came hours ahead of Zelensky's meeting Sunday with US President Joe Biden in Japan, during the G7 summit.

Gulf oil giants turn to start-ups in bid to promote carbon capture

With little investment and few projects in operation around the world so far, the technology to capture carbon before it...
  • Now major players from Aramco to the UAE's ADNOC say that is about to change, as the UAE hosts climate negotiations this year with a message of cutting emissions.
  • Aramco has invested in Carbon Clean, a UK-based firm that has developed compact technology that captures carbon from industrial smokestacks.

Air strikes hit Khartoum as factions agree Saudi-US mediated ceasefire

The ceasefire "may be extended with the agreement of both parties," a joint statement issued after talks in Jeddah said....
  • The power struggle between regular army chief Abdel Fattah al-Burhan and his former deputy turned rival Mohamed Hamdan Daglo, who heads the paramilitary RSF, erupted on Apr 15.
  • On Saturday, Qatar's embassy was the latest diplomatic mission to be attacked, after similar attacks on the embassies of Jordan, Turkey and Saudi Arabia.

Qatar embassy attacked in Sudan as civil war rages

Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring...
  • "The embassy staff had previously been evacuated and... none of the diplomats or embassy staff were subjected to any harm," Qatar foreign ministry said.
  • The attack came a day after Arab leaders meeting at a summit in Saudi Arabia urged Sudan's feuding generals to halt the fighting.

WHO unveils network to minimize spread of infectious diseases

The World Health Organization launched a global network to help swiftly detect the threat from infectious diseases, like COVID-19, and...
  • The network will rely on pathogen genomics to analyze the genetic code of viruses, bacteria and other disease-causing organisms.
  • The data gathered will feed into a broader disease surveillance system used to identify and track diseases, in a bid to contain outbreaks.

US debt ceiling issue keeps Biden, aides busy at G7

President Joe Biden may be on the other side of the world but his political fight back home over the...
  • The Group of 7 meeting in Japan is an important stage for Biden's goal of restoring US leadership among the world's democracies.
  • "It is definitely a subject of interest here at the G7," National Security Advisor Jake Sullivan told reporters.

G7 to focus on ‘responsible’ use of artificial intelligence

The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year...
  • Text generation tools such as ChatGPT, image creators and music composed using AI have sparked delight, alarm and legal battles.
  • European Parliament lawmakers this month also took a first step towards EU-wide regulation of ChatGPT and other AI systems.

Director Jarmusch ‘disconcerted’ over Mubi’s links to Israel military

Venice, Italy -- American director Jim Jarmusch said Sunday he was "disappointed" that arthouse film streaming platform Mubi had accepted...

Company News

Latest News

As AI gets real, slow and steady wins the race

Companies explore AI for coding, healthcare, law, and design—yet challenges like regulation, accuracy, and cost impede widespread adoption.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

EU urges immediate halt to Israel-Hezbollah war as Israeli attacks kill more in Gaza and Lebanon

Israeli attacks have killed dozens in Gaza and Lebanon is the past 24 hours, while EU chief visits Beirut asking...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Palestinian pottery sees revival in war-ravaged Gaza

Deir el-Balah, Palestinian Territories - Traditional clay pottery is seeing a resurgence in the Gaza Strip, where Palestinians are forced to...
  • Traditional clay pottery sees a resurgence in Gaza as war-ravaged residents turn to old ways amid shortages of crockery and basic goods
  • Potter Jafar Atallah works tirelessly to meet soaring demand, crafting 100 clay pieces daily in a makeshift workshop under Gaza's harsh conditions

World reaches $300 bn climate finance deal at COP29

A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
  • Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
  • A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change

Big money as Saudi Arabia makes foray into cricket with IPL auction

Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football...
  • The two-day Jeddah auction, starting Sunday, marks Saudi Arabia's first major cricketing event, catering to its vast South Asian migrant fanbase
  • Saudi cricket federation chairman Prince Saud bin Mishal said that staging the auction reflected the kingdom's "commitment to developing the sport."