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

Iraqi women table tennis players chase Paralympic dreams

Diwaniyah, Iraq -- Iraqi table tennis player Nur al-Huda Sarmad adjusts her wheelchair before striking the ball into play, braving...

Iraq judge quizzes five tax officials over missing $2.5 billion

Local media published a tax authority document showing the funds were withdrawn between September 2021 and August this year, transferred...
  • The Baghdad judge summoned five tax office officials, including the director-general, his deputy and a supervisor at the finance and control department.
  • Rafidain Bank said in a statement Sunday that it had cashed the cheques on the basis of official correspondence from the tax authority assuring their validity.

Foxconn of Taiwan unveils more electric vehicle prototypes

The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV...
  • The world's largest contract electronics maker, Foxconn already plays a lynchpin role in assembling gadgets for a host of top international brands including Apple's iPhones
  • Foxconn has also started building electric vehicles for Lordstown Motors after completing its purchase of a former General Motors plant in Lordstown, Ohio in May

Israel riled as Australia stops recognising Jerusalem as its capital

Lapid described the move as a "hasty response", adding that Israel can only hope that the Australian government manages other...
  • In 2018, a conservative government led by Scott Morrison followed then US president Donald Trump's lead in naming west Jerusalem as the Israeli capital.
  • Jerusalem is claimed by both Israelis and Palestinians, and most foreign governments avoid formally declaring it the capital of any state.

US warns of sanctions over Iran drone ties after Kyiv strikes

State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially...
  • Secretary of State Antony Blinken said the drone strikes showed the need to provide "everything possible" to Ukraine as its forces gain ground against Russian invaders
  • US officials have previously said that Russia, historically a major arms exporter, is also turning to North Korea while China has rebuffed calls for assistance

Argentina requests arrest in Qatar of senior Iranian official

Iran's vice president for economic affairs, Mohsen Rezai, is wanted by Argentinian special prosecutors for alleged participation in the planning...
  • A diplomatic source told AFP that the foreign ministry had granted the special prosecutor's request after confirming Rezai's presence in the Gulf country
  • Last January, the Argentine government voiced its anger at Rezai's presence during the inauguration of Nicaraguan President Daniel Ortega

Egypt court cuts sentence of Ismail Alexandrani, security expert

Advocacy groups say there are currently about 60,000 political prisoners in the country, an issue that rights groups hope to...
  • In 2018, Ismail Alexandrani was sentenced to 10 years in prison, accused of publishing military secrets and belonging to the banned Muslim Brotherhood
  • Egypt, the Arab world's most populous country with 104 million residents, draws regular criticism over its rights record

Australia strikes down recognition of Jerusalem as Israeli capital

Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...
  • In 2018 a conservative government led by Scott Morrison followed former US president Donald Trump's lead in naming West Jerusalem as the Israeli capital
  • Palestinians claim the eastern part as the capital of a future Palestinian state

Morocco arrests 25 more migrants after June border tragedy

The arrests are the latest after courts handed heavy prison sentences to several dozen people, many from Sudan, on charges...
  • On June 24, some 2,000 mostly Sudanese migrants attempted to enter the enclave by force
  • At least 23 people died in the attempt, the worst toll in years of such attempted crossings

FIFA praises Qatar’s reforms to improve living conditions of workers

Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino...
  • Amnesty International and other groups have demanded that FIFA set up a $450 million fund for migrant workers and their families who suffered during the decade of construction
  • Officials also said on Monday that 30,000 extra hotel rooms had been added to the official accommodation platform to cater for late ticket sales

US officials not invited to Saudi investment forum: organiser

The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...
  • The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world
  • Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".

Iraqi women table tennis players chase Paralympic dreams

Diwaniyah, Iraq -- Iraqi table tennis player Nur al-Huda Sarmad adjusts her wheelchair before striking the ball into play, braving...

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Iran, Israel appear to pull back from brink as US approves military aid

Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the...

Erdogan urges Palestinian unity after meeting Hamas chief: office

Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait,...

AI is revolutionizing news ecosystem: Expert

Generative AI has removed barriers in the previous generation of AI such as news devices, new hardware and technical expertise,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Japanese AI tool predicts when recruits will quit jobs

Tokyo, Japan -- Bosses worried about turnover or wondering how long a new hire will stick around can now turn to...
  • The artificial intelligence tool was developed by Japanese researchers to try and help managers provide targeted support to staff to stop them from quitting.
  • It crunches data on employees at a company, from their attendance record to personal information such as age and gender.

Meta releases beefed-up AI models

The models are built on new versions of publicly available Llama 3.
  • Being open source means that developers outside of Meta are free to customize Llama 3 as they wish.
  • Llama 3, for now, is based in English but in the coming months Meta will release more capable models able to converse in multiple languages, the company said.

G7 nations oppose ‘full-scale military operation in Rafah’

Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in...
  • Israel has faced growing global opposition to the relentless war that has reduced much of Gaza to rubble, while its 2.4 million people have suffered under an Israeli siege.
  • Israel's offensive has killed at least 33,970 people in Gaza, mostly women and children. according to the Gaza health ministry.