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

Google launches Bard, the ChatGPT rival in US and UK

Bard, ChatGPT and other similar artificial intelligence apps churn out essays, poems or computing code on command and have taken...
  • Google CEO Sundar Pichai told staff that after testing Bard with 80,000 Google employees, the chatbot would be tested with the public in US and Britain
  • People wishing to play with Bard can sign up on a waiting list at bard.google.com website, distinctly separate from the tech giant's search engine

Xi by his side, Putin accuses west of rejecting Beijing’s peace proposals

Putin called the talks with Chinese president "meaningful and frank" and said that Russia, which has been largely cut out...
  • Putin said he was open to talks on Ukraine and praised Beijing's 12-point position paper on the conflict, which includes a call for dialogue
  • Energy is a key focus of Xi's visit, and Putin announced the two countries had reached an agreement on the Power of Siberia 2 gas pipeline

China diplomatic offensive lays down new challenge for US

But US officials and experts say that China's diplomacy is not so much about ending the war as an attempt...
  • Xi pushed forward positions on Ukraine during two days of talks in Moscow, a week after China announced the restoration of ties between Iran and Saudi Arabia
  • The United States has been skeptical of China's diplomatic offensive, believing its proposed ceasefire would only provide time for Russia to regroup forces

EU raids energy drink Red Bull over violation of antitrust rules

If the company raided is guilty of antitrust violations, it risks large fines but can be granted immunity if it...
  • EU's executive arm said earlier its teams carried out unannounced inspections Monday at the premises of Red Bull.
  • EU authority is probing allegations the company violated antitrust rules that prohibit cartels and restrictive business practices.

Israel annuls law banning settlers from residing in West Bank areas

The parliamentary vote notably paves the way for Israeli authorities to formally allow settlers to return to Homesh, the only...
  • An amendment approved by lawmakers overnight permits Israelis to return to the West Bank settlement sites near the city of Nablus.,
  • Israel's Finance Minister Bezalel Smotrich, who claimed "there isn't a Palestinian people", heralded the parliamentary vote as "historic".

Tunisia dismisses EU official’s ‘looming economic collapse’ warning

European Union foreign policy chief Josep Borrell had warned Monday that if crisis-torn Tunisia "collapses economically or socially then we...
  • Tunisia has suffered over a decade of economic and political crisis since its 2011 revolution, culminating in a July 2021 power grab by President Kais Saied.
  • Tunis is in prolonged talks with the International Monetary Fund for a $2-billion bailout package to help the heavily indebted treasury balance its books.

China must listen to Ukraine on peace plan: NATO chief

The head of the Western military alliance said he welcomed any proposals that could lead to a "just and sustainable...
  • Putin told Xi he was open to discussing a 12-point position paper put forward by Beijing, which includes a call for dialogue and respect for all countries' territorial integrity
  • China has sought to portray itself as a neutral party in the Ukraine conflict, but Washington has said Beijing's moves could be a "stalling tactic" to help Moscow

Libyans brace for low-caffeine Ramadan days

The love for espresso is the relic of the Italian colonial rule in Libya. Tripoli is dotted with cafes, all...
  • Libyans have been drinking coffee since at least the 15th century, as beans from Yemen made their way along North African trade routes and into Europe.
  • But when Italy occupied Libya in 1911, the country's coffee culture adopted a new twist, with punchy espressos taking the place of cardamom-tinted Arabic coffee.

World Bank expects Syria economy to contract 2.3% due to quake

Washington, United States--Syria's economy is expected to contract 2.3% more than it otherwise would have due to the impact of last...
  • The World Bank said that the damage from earthquake will cost the Syrian economy $5.2 billion, including physical damages of $3.7 billion and losses of $1.5 billion
  • It added that the quake effect is likely to widen Syria's economic contraction by 2.3 percent to 5.5 percent this year, worsening economic woes in the war-scarred nation

Haute couture to upcycled outfits: Iraq fashionistas champion climate-friendly vintage wear

Haute couture has given way to upcycled outfits, sourced entirely from used clothes, as the models strut, pause and pivot...
  • The global fashion industry accounted for two percent of greenhouse gas emissions in 2019, according to the World Resources Institute
  • Campaigners and a growing number of climate-conscious social media influencers have led a push toward sustainable fashion

Putin and Zelensky set for peace summit after Trump’s talks with him, alongside European leaders

Trump met Russian President Vladimir Putin in Alaska on Friday but the talks failed to yield any breakthrough on a...

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Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control

Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions...

Nearly 500 dead in Israeli strikes on Hezbollah strongholds in Lebanon

Israeli air strikes on Lebanon killed at least 492 people on Monday, including 35 children, Lebanon's health ministry said, marking...

Economy – the biggest loser in the Israeli-Arab war

The sheer scale of destruction from the deadliest war in Gaza's history has made the road to recovery difficult to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...
  • In one of the biggest blows to the movement since it was founded in 1987 during the Palestinian intifada uprising, Hamas's leader Ismail Haniyeh was assassinated in Iran on July 31
  • On the Gaza battlefield, Israeli forces have aggressively pursued both Sinwar and Hamas military chief Mohammed Deif, whom Israel says it killed in an air strike

World leaders gather at UN as Mideast tensions explode

Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual...
  • UN Security Council member France called for an emergency meeting on the crisis engulfing the Middle East
  • Top diplomat of European Union Josep Borrell warned, "we are almost in a full-fledged war" about the Lebanon-Israel situation

Biden’s United States powerless as Israel pounds Lebanon

US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling...
  • Biden administration was presenting "concrete ideas" to provide an "off-ramp" to prevent further fighting at UN
  • Israeli Prime Minister Benjamin Netanyahu brushed aside warnings of the dangers of regional war