INSEAD Day 4 - 728x90

Culture & Society

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Five-member Israeli delegation makes first open visit to Saudi Arabia

An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as...
  • The team travelled through Dubai, the official said, as there are no direct flights between Israel and Saudi Arabia.
  • They received their visas via UNESCO, the United Nations' educational, scientific and cultural organization.

Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...
  • Much of the Saudi Pro League's business was done with English Premier League clubs, which received $698 million in overseas transfer fees.
  • The Pro League's net spend, deducting money received from selling players, was $907 million, placing it behind Premier League's net spend of $1.39 billion.

UN urges age restrictions on Artificial Intelligence in schools

Paris, France - The United Nations called on Thursday for strict rules on the use of AI tools such as viral...
  • "Generative AI can be a tremendous opportunity for human development, but it can also cause harm and prejudice," said Audrey Azoulay of UNESCO.
  • "It cannot be integrated into education without public engagement, and the necessary safeguards and regulations from governments," he added

Demarai Gray quits Everton to join Saudi Arabia’s Al-Ettifaq

London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League....
  • The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at Al-Ettifaq.
  • The Jamaica international said that he would be "forever proud" to have played for Everton, who are in the relegation zone after a poor start to the season.

‘Sharjah solidifies its global cultural hub status’

"The Sharjah International Book Fair has established itself as an exemplary Arab accomplishment, and we are elevating its role to...
  • Sharjah is solidifying its status as a global cultural hub and serves as a reliable destination for all those seeking to discover Arab culture
  • Sharjah International Book Fair has established itself as an exemplary Arab accomplishment, and the emirate is elevating its role to enrich global culture

Israel showcases Roman era weapons

Four Roman-era swords and a javelin were discovered inside a cave in the Judean desert, where they had been preserved...
  • The archaeologists said the ancient weapons were believed to have been used during the Bar Kokhba revolt of Jews against the Romans in the second century.
  • "It's a very unique and important discovery, which is unprecedented in Israel," Eitan Klein, director of Israel Antiquities Authority, told journalists at an event.

Saudi Arabia to register 50,000 urban heritage assets 

Riyadh, Saudi Arabia -- The Saudi Heritage Commission announced on Monday the nomination of 50,000 urban heritage assets across the...
  • The Architectural Heritage Register serves as the record of heritage sites that have been registered based on specific criteria related to national, or cultural significance
  • The registration process involves the use of a geospatial information system to accurately manage, store, and preserve information about these sites and structures

Protection pact for Yemeni cultural assets extended with US support

Dubai, UAE-- Yemen and the US have signed an agreement to renews and extend protections for Yemeni cultural property that...
  • According to the US State Department, the agreement provides a framework for cooperation between the two countries to combat cultural property trafficking
  • It further noted that the agreement adds to the US support for a durable resolution to the Yemen conflict and reaffirms US support for Yemeni sovereignty

Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad,...
  • Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to Liverpool by Al-Ittihad.
  • His agent had publicly ruled out a switch to Saudi during the close-season amid a host of Premier League stars opting to accept lucrative offers from the Gulf State.

Gulf Federation for Electronic Sports formed, will develop regional talent

Riyadh, Saudi Arabia - The Gulf Federation for Electronic Sports was established Thursday on the sidelines of the Next World...
  • A total of 14 MoUs and agreements were signed at the Next World Forum, an event in Riyadh that brings together leaders and experts of the gaming and e-sports.
  • The agreements included aspects related to federations, sponsorships, proposed values, and education.

Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know

Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...

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Don’t give smartphones to kids under 11, UK mobile phone firm says

London, United Kingdom - One of Britain's biggest mobile network operators said on Sunday it will warn parents they should not...

Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

Saudi Arabia constitutes center for promoting moderate Islam: North Macedonia Mufti

Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Egypt to prosecute travel agents over hajj ‘fraud’: government

Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly ordered 16 tourism companies stripped of their licences and referred their managers to...
  • The order came after countries whose citizens performed this year's hajj reported more than 1,100 deaths, many attributed to the oven-like summer heat in Saudi Arabia
  • An AFP tally on Friday, compiling official statements and reports from diplomats involved in the response, put the toll at 1,126, more than half of them from Egypt

Born to help: Syria bikers deliver Ramadan meals

The volunteers don their club's signature blue vest, the front and back embroidered with their emblem: a flaming motorbike and...
  • "We hit the most disadvantaged areas," said Tarek Obaid, head of Hope Bikers Syria, whose 50 volunteers make and distribute the food for various charities in the Syrian capital
  • Syria has been ravaged by 13 years of war that has killed more than half a million people and battered the country's economy and infrastructure.

From polar bears to groundwater, nature is riddled with ‘forever chemicals’

Paris, France - They didn't exist a century ago but today PFAS "forever chemicals" contaminate the environment from groundwater to Antarctic...
  • On Thursday, a French legislator will introduce a bill to address what he calls the health "emergency" posed by exposure to PFAS in the environment
  • Widely used in everyday items, highly durable, and very slow to break down, PFAS have been detected in water, air, fish and soil in the remotest corners of the globe