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

Swiss president to defend UBS takeover of Credit Suisse in parliament

During this week's session, lawmakers will have to endorse the guarantees, but the vote is only symbolic, said Samuel Bendahan,...
  • The parliamentary session opens at 11:15 am Tuesday with a statement from the government to 46-member Council of States upper house
  • Centre-right party The Centre thinks the takeover was the least worst option, but it wants clarity on the risks involved in creating a superbank

Saudi envoy to Yemen travels to Houthi-held capital to ‘stabilize truce’

The Saudi ambassador's visit seeks to support the prisoner exchange and also to explore venues of dialogue to reach "a...
  • The Saudi ambassador's visit seeks to support the prisoner exchange and also to explore venues of dialogue to reach "a sustainable, comprehensive political solution"
  • Last week, a Yemeni government source told AFP that the Saudis and Houthis had agreed in principle on a new six-month truce to pave the way for talks

Iran plans to strengthen penalties for violence against women

TEHRAN, IRAN  -  Iran's parliament has adopted proposals to toughen penalties for perpetrators of violence against women which could be voted...
  • The text or the draft bill, which can still be modified, could be formally promulgated into law in the coming months.
  • The text allows the judiciary to provide married women with a permit to leave the country even if their husband prevents them from travelling abroad.

Israeli army kills Palestinian as settlers rally at West Bank outpost

Mohammed Fayez Balhan, 15, was killed after being shot "with live occupation (Israeli) bullets in the head, chest and abdomen",...
  • The Israeli army meanwhile said its forces were operating in the Aqabat Jaber camp near Jericho, without providing further details.
  • Members of Israeli cabinet joined thousands of settlers who rallied in West Bank to push for settlements to be set up in the occupied Palestinian territory.

Asian markets mixed as US jobs data hints Fed interest rate hike

The closely watched non-farm payrolls reading on Friday followed a string of figures last week showing the world's top economy...
  • While rates are seen going up, bets are for officials to end their hiking cycle earlier than previously thought.
  • Oil prices edged down as investors weighed OPEC's decision to cut output by more than a million barrels a day.

After backlash, Twitter now calls NPR, BBC, ‘government-funded’

The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network...
  • Elon Musk's social media network has applied the label to BBC's Twitter account, which is funded predominantly by British households paying a license fee
  • The decisions will deamplify tweets from both companies, limiting their reach on a platform that remains a major communication tool for media outlets

Temu, Chinese shopping app, wows US amid TikTok fears

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among...
  • Temu, which was launched last September, is positioned as an Amazon-like superstore, selling everything from make-up to homeware and electronics
  • According to Sensor Tower, Temu has had 33 million US downloads since its launch, with user numbers surging on the month of the Super Bowl

US deploys naval destroyer in South China Sea as China rehearses ‘sealing off’ Taiwan

After two days of exercises that included simulating targeted strikes on Taiwan and encirclement of the island, the Chinese military...
  • China launched the exercises in response to Taiwan President Tsai Ing-wen's meeting with US House Speaker Kevin McCarthy last week
  • The US which had called for China to show restraint, on Monday sent the USS Milius guided-missile destroyer into Beijing-claimed waters

IMF, World Bank to consider ‘ambitious reform’ in spring meetings

Washington, United States-- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform...
  • The IMF estimates globlal growth to drop below three percent this year, and to remain at close to three percent for the five years
  • Although Asia's emerging markets might witness a big rise in economic output, nearly 90 percent of world's large economies will see slow growth this year

China to end Taiwan military exercises with live-fire drills

China's war games involved sending planes, ships and personnel into "the maritime areas and air space" around all four sides...
  • Chinese fighter jets and warships simulated strikes on the self-ruled in exercises that sparked condemnation from Taipei and calls for restraint from Washinghton
  • Dubbed "Joint Sword", the three-day operation has included rehearsing an encirclement of Taiwan, the People's Liberation Army's (PLA) Eastern Theatre Command said

United Nations declares famine in Gaza, first ever in Middle East

Tom Fletcher, the UN's emergency relief coordinator, blamed Israel, accusing it of "systematic obstruction" of aid deliveries to the war-ravaged...

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Details: Fresh Israeli attacks kill more Lebanese as Europe flays Netanyahu over strike against UN

Israel attacks Lebanon killing dozens and injuring more than 100 people, while Joe Biden calls Netanyahu a "liar" and Amnesty...

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...

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

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Nobel-winning physicist ‘unnerved’ by AI technology he helped create

Washington, United States - A US scientist who won the 2024 Nobel physics prize for his pioneering work on artificial intelligence...
  • John Hopfield, a professor emeritus at Princeton, joined co-winner Geoffrey Hinton in calling for a deeper understanding of the inner workings of deep-learning systems
  • With the meteoric rise of AI - and the fierce race it has sparked among companies - the technology has faced criticism for evolving faster than scientists can fully comprehend

Israel continues to tear apart Gaza and parts of Lebanon; Hamas-Hezbollah alive and kicking

While Israel continues to attack Gaza and Lebanon, the situation is "very scary" in Gaza Strip according to a Red...
  • "It seems Israel aims to create long-term demographic changes through displacement to fully colonize Gaza"
  • Few remaining hospitals and clinics in Gaza have been hit hard by a lack of supplies with restricted humanitarian aid

Lebanese fishermen stay ashore after Israeli warning

The Israeli army warned late Monday that it would expand its operations against the Lebanese fighter group Hezbollah to Lebanon's...
  • Israel warned people to stay away from the shore in the area south of the Al-Awali River
  • Issam Haboush, a fisherman, said he was worried about his family