INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

Putin and Modi in China for summit hosted by Xi

President Xi Jinping gathered the leaders of Russia and India among dignitaries from around 20 Eurasian countries on Sunday to...
  • The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated as observers
  • Russian President Vladimir Putin touched down in Tianjin on Sunday with an entourage of senior politicians and business representatives

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...
  • Mubi, a rival to Netflix, is one of the distributors of Jarmusch's latest film "Father Mother Sister Brother", which premieres at the Venice Film Festival on Sunday.
  • The group accepted $100 million from Silicon Valley firm Sequoia Capital, which includes Israeli defense firm Kela in its portfolio, sparking a petition signed by Jarmusch.

Lebanon parliament speaker calls for dialogue over Hezbollah weapons

Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue...
  • Lebanon's government this month tasked the army with drawing up a plan to disarm Hezbollah by the end of the year.
  • Hezbollah strongly opposed the decision and Shiite ministers, including representatives from the group and Berri's Amal Movement

Hamas confirms death of Gaza chief Mohammed Sinwar

Pictures released by the Palestinian group on Saturday showed him alongside other political and military leaders described as "martyrs of...
  • Mohammed Sinwar was the younger brother of Yahya Sinwar, accused by Israel of masterminding the October 7, 2023 attack on Israel that sparked the ongoing war in the Gaza Strip.
  • He reportedly led the Al-Qassam Brigades' military council after the death of commander Mohammed Deif.

China manufacturing shrinks in August despite new US trade truce

Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...
  • The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
  • The last time China recorded a figure above 50 -- indicating growth -- was in March.

New wave: Sea power turned into energy at Los Angeles port

San Pedro, United States -- Floating blue paddles dance on the waves that lap a dock in the Port of Los...
  • Floating paddles on a dock move with the waves, causing hydraulic pistons to push a fluid.
  • The pressurized fluid then spins a turbine to generate electricity.

Aid flotilla with Greta Thunberg set to sail for Gaza

The vessels will set off from the Spanish port city to "open a humanitarian corridor and end the ongoing genocide...
  • The flotilla is expected to arrive at the war-ravaged coastal enclave in mid-September.
  • Organizers say that dozens of other vessels are expected to leave Tunisian and other Mediterranean ports on September 4.

Yemen’s Huthis say PM killed in Israeli strike, the most senior Huthi official to have died so far

Ahmed Ghaleb Nasser Al-Rahawi, who was appointed last year, was killed along with other officials in the Israeli attack on...
  • Ahmed Ghaleb Nasser Al-Rahawi, who was appointed last year, was killed along with other officials in the Israeli attack on Thursday, the Iran-backed Huthis said.
  • Israel has been striking Huthi targets in response to missile attacks by rebels, who claim solidarity with the Palestinians and have also been harassing shipping in Red Sea

Red Cross warns against evacuation of Gaza City as Israel tightens siege

The Red Cross warned on Saturday that any Israeli efforts to evacuate Gaza City would put residents at risk, as...
  • After nearly 23 months of devastating war, Israel is under increasing pressure to end its offensive in Gaza, where the United Nations has declared a famine
  • But despite the calls at home and abroad for an end to the war, the Israeli army is readying itself for an intensified operation to seize the Palestinian territory

Ancient tombs unearthed in Iraq due to drought

Khanke, Iraq - Archaeologists in drought-hit Iraq have discovered 40 ancient tombs after water levels in the country's largest reservoir...
  • The tombs, believed to be over 2,300 years old, were unearthed at the edges of the Mosul Dam reservoir in the Khanke region of Duhok province in the country's north
  • "So far, we have discovered approximately 40 tombs," said Bekas Brefkany, the director of antiquities in Duhok, who is leading the archaeological work at the site

Maduro now in New York jail as Trump says US to ‘run’ Venezuela

The US president's announcement followed a lightning pre-dawn attack in which commandos grabbed Maduro and his wife while air strikes...

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COP30 deal under threat as nations clash over fossil fuels

The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President...

Frida Kahlo painting auctions for $54.6 mn, record for woman artist

New York, United States - A self-portrait by legendary Mexican artist Frida Kahlo sold for $54.66 million in New York...

Iran says no access to bombed nuclear sites without IAEA deal

Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi

Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
  • The joint venture, which will begin operations in 2026, will combine HUMAIN’s advanced data centers with AMD and Cisco technologies.
  • AMD and Cisco will act as exclusive technology partners, contributing their products and services to develop up to 1 GW of AI infrastructure by 2030.

Meta to remove under-16 Australians from Facebook, Instagram on December 4

Australians younger than 16 will be removed from Facebook and Instagram on December 4, tech giant Meta said Thursday, as...
  • From December 10, Australia will force social media platforms, including Facebook, Instagram and TikTok, to remove users under the age of 16 or face hefty fines
  • "From today, Meta will be notifying Australian users it understands to be aged 13-15 that they will lose access to Instagram, Threads and Facebook," Meta said in a statement

Israeli strikes kill 27 in Gaza in spite of fragile truce, follows attacks targeting Hezbollah in Lebanon

The strikes were among the deadliest in Gaza since the truce entered into force last month, and came as Israel...
  • Fourteen people were killed Wednesday in Gaza City in the north and 13 in the Khan Yunis area in the south, according to the territory's civil defence agency
  • The highest daily toll registered since the truce took effect was on October 29, when more than 100 people were killed in Israeli strikes, according to civil defence figures