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

Iranians take up homegrown apps as Western apps are banned

Iranians are accustomed to using virtual private networks, or VPNs, to evade restrictions and access prohibited websites or apps, including...
  • As many as 89 million people have signed up to Iranian messaging apps including Bale, Ita, Rubika and Soroush, the government says, but not everyone is keen on making the switch
  • At the height of the deadly Amini protests in October, the Iranian government cited security concerns as it moved to restrict internet access and blacklisted Instagram and WhatsApp

Audio book narrators feel heat as AI begins to chip away at business

AI has the ability to create human-sounding recordings -- at assembly-line speed -- while bypassing at least part of the...
  • There is no label identifying AI-assisted recordings as such, but professionals say thousands of audio books currently in circulation use "voices" generated from a databank
  • Early this year, Apple announced it was moving into AI-narrated audio books, a move it said would make the "creation of audio books more accessible to all"

Turkey’s president leads prayers on eve of fight for political life

The president has never faced a more united opposition than the one led by retired civil servant Kemal Kilicdaroglu and...
  • The president was emulating a ritual that Ottoman sultans performed before they led their men off to war as he braces for presidential polls
  • A shout of "God is greatest" went up over Istanbul's old city as the sun set and news of Erdogan's arrival at the mosque filtered in

After five days of deadly fighting, Gaza ceasefire takes effect

The Egypt-brokered ceasefire began in and around the Gaza Strip on Saturday after five days of violence that has killed...
  • Islamic Jihad political department official Mohammad al-Hindi thanked Egypt for its efforts to bring about the ceasefire
  • The fighting this week was the worst in the Palestinian-Israeli conflict since an August flare-up that killed nearly 50 Palestinian

Anger among people in Turkey, voters divided on election eve

Widespread public anger at the state's slow response to the tragedy leads many believe that Hatay's electors will vote differently.
  • Several people who were forced to flee their homes have returned to take part in the elections.
  • Many people are annoyed that after the earthquake the Turkish state had abandoned them.

Shoemakers for Nike, Adidas to slash thousands of jobs

One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...
  • PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.
  • "This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.

Saudi football club silent on Messi as fans awaits signing

RIYADH, SAUDI ARABIA - Al-Hilal president Fahd Bin Nafel refused to comment on the possibility of signing Lionel Messi, insisting his...
  • "Don't ask me about Messi," Al-Hilal President Bin Nafel told reporters when asked after club's victory in the King's Cup final in Jeddah.
  • After two years at Paris Saint-Germain, Saudi Arabia offers an "enormous" financial opportunity for the 35-year-old Messi, a source said.

Clashes in Gaza continue despite truce efforts

Israeli air strikes battered Gaza and militants fired rockets again as deadly fighting resumed after a night of relative calm,...
  • Witnesses in Gaza reported that air strikes pounded uninhabited areas of the crowded enclave, while air raid sirens wailed in neighboring parts of Israel.
  • The Fatah movement of Palestinian president Mahmud Abbas said the two men killed in the raid were members of its armed wing,

Advertising executive Linda Yaccarino is new CEO of Twitter

Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to...
  • Elon Musk said he would remain in charge of design and technology at Twitter while Yaccarino would focus primarily on business operations
  • Linda Yaccarino will face an uphill battle trying to attract major companies to come back to the platform.

Iraq awaits Turkey’s response to resume Kurdish oil exports

The Kurdish regional government had for years earned billions of dollars in revenues exporting crude oil to Turkey without the...
  • Iraq's Oil Minister Hayan Abdel Ghani had on Thursday said that crude exports from the Kurdish region through the Turkish port of Ceyhan would resume Saturday.
  • But on Friday the Kurdish natural resources minister, Kamal Mohamed, told a Kurdish television channel that the resumption of exports was still awaiting approval from Ankara.

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...

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US envoy presses Israel-Hezbollah truce bid in Lebanon visit

Hochstein said an end to the war was "now within our grasp", while Hezbollah-allied parliament speaker Nabih Berri, said the...

Iraq holds its first census in nearly 40 years

The Iraqi census is scheduled for Wednesday and Thursday, and will provide sorely needed up-to-date demographic data for the country...

Iraqis face tough homecoming a decade after IS rampage

Hassan Shami, Iraq - A decade after Islamic State group extremists rampaged through northern Iraq, Moaz Fadhil and his eight children...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US envoy in Beirut says ‘real opportunity’ to end Israel-Hezbollah war

US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • "I came back because we have a real opportunity to bring this conflict to an end," Hochstein said

Iran slams new EU, UK sanctions as unjustified: foreign ministry

ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its...
  • Sanctions also included the national airline, Iran Air, for transporting ballistic missiles and military supplies to Russia
  • Iran's economy suffers from US sanctions following the unilateral US withdrawal in 2018 from a landmark nuclear deal

Divided G20 fails to agree on climate action, Ukraine war escalation dominates Rio summit talks

G20 leaders in Rio failed to resolve UN climate talks deadlock, merely stating funding for developing countries battling global warming...
  • Ahead of the meeting, the UN had implored the leaders of the world's richest economies to rescue stalled climate talks in Azerbaijan by boosting funding for developing countries
  • G20 members, who are divided on who should pay, did not make such commitments, saying only that the trillions of dollars needed would come "from all sources."