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

Move over Pegasus, new Israeli spyware comes along to target journalists, politicians

Spyware like Pegasus has been widely used by governments and other actors to spy on opponents, media and activists. The...
  • The spyware and related exploit or hacking software was created by the little-known firm QuaDream Ltd
  • Citizen Lab, which studies the abuse of digital technologies, said it identified five people targeted by QuaDream

US should be cautious when setting interest-rate policy: Fed official

In the wake of the fall of Silicon Valley Bank, the US Federal Reserve should be cautious in setting interest-rate...
  • Since March last year, the Fed has raised interest rates by almost five percentage points, tightening monetary policy in a bid to dampen demand and slow price increases
  • The Fed continued with another 25 basis-point hike last month despite the turbulence in the financial markets caused by the rapid collapse of SVB

Israeli forces kill two Palestinians in occupied West Bank

Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said....
  • A senior Palestinian official told AFP that he had been informed of the death of the two Palestinians, who were not immediately identified.
  • Violence has surged in the region over the last week as the Muslim fasting month of Ramadan, Jewish Passover and Christian Easter coincided.

9 Arab nations to discuss Syria ties at Saudi Arabia meet on Friday

Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and...
  • Saudi Arabia announced last month that it has started talks with Damascus about resuming consular services.
  • Syria was expelled from the Arab League over the crackdown on pro-democracy protests that unleashed the war.

Yemen prisoner swap to start Thursday as peace hopes rise

Nearly 900 prisoners, most of whom were fighting with Houthi rebels, will be flown between Yemen and Saudi Arabia, which...
  • Houthis will release 181 prisoners, including Saudis and Sudanese, in exchange for 706 detainees held by government forces, according to a pact reached last month in Switzerland.
  • Yemen's six-month, UN-brokered truce that officially lapsed in October is still largely holding, providing respite for a population of 30 million that is mostly dependent on aid.

Twitter ad ‘to fall’ 28% in 2023

Major advertisers suspended Twitter activity after Musk took over.
  • In January 14 of the top 30 advertisers on Twitter stopped advertising on the platform since Musk took charge on October 27.
  • Musk's leadership has also cooled Twitter's remaining users, with Insider Intelligence forecasting a two minute drop in time spent on the platform to 34 minutes per day.

Germany to shut down last three remaining nuclear plants

At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's...
  • The exit decision was popular in a country with a powerful anti-nuclear movement fuelled by fears of Cold War conflict and disasters such as Chernobyl
  • The three final nuclear plants provided six percent of Germany's energy last year, compared with 30.8 percent from all nuclear plants in 1997

Tesla sued over workers’ alleged access to car video imagery

Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems...
  • San Francisco resident filed the suit in federal court, in the wake of a Reuters report citing former Tesla staff who said video or pictures had been accessed from people's cars
  • Cameras in vehicles captured "highly-invasive videos and images" which were used for "the tasteless and tortious entertainment" of Tesla employees, the suit maintained

Algeria moves to further curb press freedom with new law

The new law would ban Algerian media outlets from receiving funding or "direct and indirect material aid" from abroad, under...
  • Parliament's lower house approved the bill on March 28 and on Monday the upper house began debating it, with a vote expected Thursday
  • Earlier this month an Algiers court sentenced prominent journalist Ihsane El Kadi to three years in prison for "foreign financing of his business"

China’s consumer price inflation falls below one percent in March

Struggling to recover from its pandemic-driven slump, China, the world's second largest economy, has reported that its consumer price inflation...
  • According to National Bureau of Statistics, the CPI came in at 0.7 percent, down from the one percent seen a month earlier
  • Although commodity and food prices have been rising all over the world, China has not been hit by increases linked to the Ukraine war

AI helps UK woman rediscover lost voice after 25 years

London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...

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Japanese group wins peace Nobel, says Gaza like Japan 80 years ago

Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and Nagasaki, also known as Hibakusha, received the honor...

European Mediterranean states to discuss Middle East, migration

Leaders from nine European countries around the Mediterranean Sea are set to meet in Cyprus on Friday October 11 to...

Erdogan says Gaza ‘shame of humanity’, calls for permanent ceasefire

Tirana, Albania - Turkey's President Recep Tayyip Erdogan renewed his attacks on Israel as he arrived in Tirana Thursday, the first...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN probe accuses Israel of seeking to ‘destroy’ Gaza healthcare

"Israel has perpetrated a concerted policy to destroy Gaza's healthcare system as part of a broader assault on Gaza," the...
  • The country is "committing war crimes and the crime against humanity of extermination with relentless and deliberate attacks on medical personnel and facilities", it added.
  • The report found that Israeli security forces had "deliberately killed, detained and tortured medical personnel and targeted medical vehicles" in Gaza.

US warns Israel not to repeat Gaza destruction in Lebanon

Netanyahu said in a video address addressed to the people of Lebanon on Tuesday: "You have an opportunity to save...
  • In a phone call on Wednesday, US President Joe Biden told Netanyahu to " harm" to civilians in Lebanon, particularly in "densely populated areas of Beirut", the White House
  • But Israeli armed forces chief Herzi Halevi vowed it would keep up the intensive bombing of Hezbollah targets that has already killed more than 1,200 people since September 23

Saudi Crown Prince holds talks with Iranian foreign minister in Riyadh

Saudi Arabia and Iran hold discussions on bilateral and regional issues, especially on peace efforts in Lebanon and Gaza. Also,...
  • "I hope that these consultations can lead to better conditions for Palestine and Lebanon and establish peace in the region"
  • Hezbollah told the Lebanese authorities it accepted a ceasefire with Israel the day an Israeli strike killed its leader Hassan Nasrallah