INSEAD Day 4 - 728x90

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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

China sets 5% growth target in 2023, one of the lowest in decades

Beijing, China--China on Sunday set an economic growth target of "around 5 percent" for 2023, one of the lowest in decades,...
  • Outgoing Premier Li Keqiang said China would aim to add around 12 million "new urban jobs" this year and bring the urban unemployment rate to around 5.5 percent
  • The country posted just three percent growth last year, missing its stated target of around 5.5 percent as the economy strained under the impact of strict Covid-19 curbs

Moroccan activists join WhatsApp suit over Pegasus spyware

Claiming that they were "victims of illegal intrusion into their phones by Pegasus software", they said they are planning to...
  • The Moroccan plaintiffs said in a statement that "criminal intrusion" into their phones had caused "serious harm, due to (our) activities as human rights defenders, journalists."
  • Pegasus gives government users near-complete access to a target's device, including personal data and messages, photos, location and even the camera

Iran has uranium particles enriched to nearly bomb grade: IAEA

The IAEA report said that during an inspection "on 22 January 2023, the agency took environmental samples... at Fordow (sic)...
  • The IAEA report comes as the head of the UN's nuclear watchdog, Rafael Grossi, is expected to visit Tehran "in the coming days."
  • Iran's stockpile of uranium enriched to 60 percent stood at 87.5 kilogrammes, up from 62.3 kilogrammes, the report said

EGA and ENEC top officials discuss UAE’s clean energy future

EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead...
  • EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC
  • Nuclear energy-generated electricity is particularly important for decarbonising heavy industries, which need large volumes of continuous electricity to power industrial processes

Embrace indigenous languages, urges UN expert

“Language rights are also important human rights matters for both minorities and indigenous peoples. Special Rapporteurs have already been critical...
  • States must be more inclusive in the treatment and use of minority and indigenous languages, says the United Nations Special Rapporteur on Minority Issues, Fernand de Varennes
  • Languages are essential tools to communicate and share knowledge, memory, and history, but they are also key to full and equal participation, he adds

Vietnam shoe maker for Nike, Adidas to cut 6,000 jobs

Vietnam, one of the world's largest exporters of clothing, footwear and furniture, has been badly affected by the cost-of-living crisis...
  • PouYuen Vietnam will lay off 3,000 factory workers and will not renew the contracts of 3,000 others because of very few production orders in 2023
  • More than 630,000 workers lost their jobs or had their hours cut in Vietnam in 2022, according to the labor ministry

Tunisia coastguard intercepts over 400 migrants in single night

The Tunisian coastguard said Sunday it had intercepted overnight more than 400 migrants trying to reach Europe by sea in...
  • Tunisia, which at points is less that 90 miles from the Italian island of Lampedusa, is a key departure point for Tunisian and other African migrants seeking better lives in Europe
  • Rome says more than 32,000 migrants, including 18,000 Tunisians, reached Italy from Tunisia last year, while thousands more have departed from neighbouring Libya

AstraZeneca to move to Dubai Science Park with new sustainable offices ahead of COP28

Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda.
  • Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda
  • The company recently held its first multilateral engagement on health and climate at COP27

AI, learning models can’t replace human creativity

“AI, Web3 and NFTs have opened new markets. We must embrace and seize the opportunity. As artists, it provides us...
  • The rise of Web3 and NFT photography, along with AI and deep learning models, are transforming the landscape of photography and the creative industry at large, says an expert
  • As artists, it provides us with new avenues for monetising our work and reaching new audiences. It's crucial that we address the security concerns, adds another expert at Xposure

UAE rescue team saves two, five days after Turkey quake

More than a hundred hours after two earthquakes killed more than 23,000 people, an Emirati rescue team has pulled alive...
  • As part of its ‘Gallant Knight/2’ operation, the UAE has dispatched 134 rescuers to help in the search for survivors in quake-hit Turkey and Syria
  • Search and rescue teams, deployed from all over the world, have been racing against time to find survivors amid freezing winter temperatures

OpenAI unveils ChatGPT app integration feature

San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...

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Foreigners and institutions pour $4.9 billion into UAE equities

Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion)...

Two-thirds of Gaza buildings destroyed or damaged: UN

Updating its damage assessment, the UN Satellite Centre (UNOSAT) said very high-resolution imagery collected on September 3 and 6 showed...

Lebanon urges DNA tests to identify missing in Israel strikes

Families should head to centers affiliated with the Judicial Police "to conduct DNA tests", the police said in a statement....
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Lebanon may be seeing ‘largest displacement’ ever: PM

Prime Minister Najib Mikati said that "the estimated number is very high and may reach one million" -- which would...
  • On Friday, Israel killed Hezbollah's leader Hassan Nasrallah in a move many fear risks destabilizing Lebanon and the wider region.
  • Since Monday, intense Israeli attacks across Lebanon's east, south and on southern Beirut have killed hundreds of people and forced many to flee their homes.

Israeli air strikes hit densely populated Hezbollah bastion in Beirut

The strikes were by far the largest in scale. Iran embassy in Lebanon warns that the strikes 'change the rules...
  • Hezbollah chief Hassan Nasrallah was unharmed in the strikes, after Israeli television networks reported he was the target.
  • Israel's aerial bombardment of Hezbollah strongholds around Lebanon has killed around 700 people this week alone.

Saudi Arabia announces coalition to push for Palestinian state

Prince Faisal bin Farhan said the "International Alliance to Implement the Two-State Solution" included Arab and Islamic countries, as well...
  • Saudi Arabia paused US-brokered talks on recognizing Israel after the Hamas attack on Israel and the genocidal Israeli assault on Gaza.
  • The hard-right Israeli government of Prime Minister Benjamin Netanyahu remains implacably opposed to Palestinian statehood.