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

Musk clashes with Altman after accusing App Store of favoring OpenAI

San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...

Business

Netanyahu floats ‘allowing’ Palestinians out of Gaza as mediators renew truce push

For Palestinians, any effort to force them off their land would recall the "Nakba", or catastrophe -- the mass displacement...

Geostrategy
Economy

Iran indicts woman for throwing headscarf to ground during protest

Tehran, Iran--Iran's judiciary is prosecuting a woman for "disrespecting" the Islamic headscarf after she threw hers to the ground during a...
  • Since the Amini protests erupted last year, more and more women have been venturing out without covering their hair
  • The requirement for women to wear the headscarf in public has triggered protests since the death in custody of 22-year-old Mahsa Amini in September
Arts & Culture

Blind Saudi rider’s resolve earns him equestrian body’s recognition

Badr Al-Sharari had to train at least three times a week for nearly two years before finally being admitted into...
  • The data sector worker told AFP that just as important as his journey into the official ranks was the parallel one to self-empowerment.
  • Equestrianism is popular in Saudi Arabia, the world's leading producer of purebred Arabian horses and home to several clubs.
Arts & Culture

$42,000 Koons sculpture breaks at art fair

The mishap occurred during a VIP preview at Art Wynwood in Miami, and some collectors thought it was performance art...
  • The shiny blue sculpture, one of Koons' famous "balloon dog" series, was valued at $42,000.
  • The sculpture sat alone on an acrylic base emblazoned with Koons's surname.
Economy

ChatGPT sets off AI ‘gold rush’ in Silicon Valley

Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot...
  • OpenAI, the ChatGPT creator, is valued by Microsoft at nearly $30 billion despite still burning through money at a high speed, Wayne Hu, a partner at SignalFire, said
  • Generative AI, of which ChatGPT is an example, wades through oceans of data to conjure up original content - an image, a poem, a thousand-word essay - in seconds
Geostrategy

Tunisia’s Saied kicks out Europe’s trade unionist for ‘interference’

Earlier in Saturday, Esther Lynch, Europe's top trade union official took part in a demonstration organized by the UGTT trade...
  • The Saturday's protest were partly organized to demand the release of senior UGTT official Anis Kaabi, who was arrested on January 31 following a strike by toll booth staff
  • Esther Lynch, Europe's top trade union official had given a speech to thousands of people at a demonstration organized by the UGTT in Tunisia
Geostrategy

Blinken urges calm in telephone calls with Israel, Palestinian leaders

Washington, United States--Secretary of State Antony Blinken spoke Saturday with Israeli Prime Minister Benjamin Netanyahu and separately with Palestinian president Mahmud...
  • He spoke by telephone with both men to reaffirm US commitment to "a negotiated two-state solution and opposition to policies that endanger its viability,"
  • Last year was the deadliest year in the West Bank since the United Nations started tracking casualties there in 2005
Geostrategy

Israeli missile strike on Damascus kills 15 people: monitor

In yet another missile strike by Israel on Damascus, 15 people were killed and a residential building was destroyed in...
  • The missile strike hit in Kafr Sousa, a high-security area of the Syrian capital, which is home to senior security officials, security branches and intelligence headquarters
  • Footage posted by state media showed that a 10-storey building was badly damaged during the strike, crushing the structure of its lower floors
Geostrategy

UN urges African leaders to act for peace summit

UN chief Antonio Guterres called for Africa to take "action for peace" to combat rising violence as the continent's leaders...
  • Africa is reeling from a record drought in the Horn and deadly violence in the Sahel region and the eastern Democratic Republic of Congo (DRC)
  • "The mechanisms for peace are faltering," the UN secretary-general warned. Nevertheless, he urged the bloc to "continue to battle for peace"
Arts & Culture

Qatari businessman mulls taking over Man Utd

London, United Kingdom - A consortium led by a Qatari banker announced it had submitted an offer to take full control...
  • Sheikh Jassim Bin Hamad Al Thani "confirmed his submission of a bid for 100 percent of Manchester United Football Club"
  • The statement from Sheikh Jassim, chairman of Qatar Islamic Bank (QIB), did not give any details on the amount proposed in the bid for United
Geostrategy

Iranian TV says forced to quit London after regime threats

LONDON, UK - The independent network Iran International TV said Saturday it had been forced on UK police advice to shut...
  • The decision was taken following the arrest last weekend of an Austrian-Iranian man in the vicinity of the studios.
  • Police said that despite the man's arrest, "we still have serious concerns for the safety of people working at this company".

Musk clashes with Altman after accusing App Store of favoring OpenAI

San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...
Business

Company News

Latest News

Boeing suspends 777X flight tests after part failure, its latest quality control issue

New York, United States - Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of...
Business

TSMC starts work on first European plant

TSMC is investing $3.9bn in the Dresden project.
Business

Tech tycoon Lynch and Morgan Stanley chairman missing after yacht sinks in Sicily

The 56-meter British-flagged sailing yacht "Bayesian" was anchored with 10 crew and 12 passengers on board when it was struck...
Investigation
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Blinken says Israel backs US proposal in ‘last’ chance for Gaza truce

Blinken, on his ninth visit to the Middle East since Hamas's October 7 attack triggered the war with Israel, said...
  • Ahead of those talks, Hamas called on mediators to implement a framework outlined in late May by US President Joe Biden, rather than hold more negotiations
  • The movement on Sunday said the bridging proposal "responds to Netanyahu's conditions" and leaves him "fully responsible for thwarting the efforts of the mediators."
Business

Video gamers set for world’s biggest trade show, likely to generate $180bn

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
  • Organizers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000 people.
  • The industry is expected to generate more than $180 billion in revenue this year and attract more than 3.4 billion players, according to the Newzoo analyst firm.
Geostrategy

Blinken in Israel as under-pressure Netanyahu blames ‘obstinate’ Hamas

Making his ninth trip to the Middle East since the Gaza war began when Hamas attacked Israel in October, the...
  • Ahead of Blinken's visit, the foreign ministers of Britain and France were on Friday also in Israel to stress the urgency of a Gaza deal
  • Ahead of the truce talks in Doha last Thursday and Friday, Hamas called on mediators to implement the Biden framework rather than holding more negotiations