INSEAD Day 4 - 728x90

Uncategorized

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

AI tools help choose best embryos, increase success rate for IVF

Paris, France -- Artificial intelligence tools can now help choose the most promising embryos for in vitro fertilisation (IVF), although...

Science

In Data Center Alley, AI sows building boom, doubts

Ashburn, United States -- As planes make their final approach to Washington DC's Dulles Airport, just below lies Ashburn, a...

Business
Business

DMCC registers 2,692 new companies in 2023, its second-best year on record

Dubai, UAE -- A total of 2,692 new companies joined Dubai Multi Commodities Centre (DMCC) last year, bringing the total...
  • The launch of new industry ecosystems, the expanded service offerings and the physical growth of the Uptown Dubai district boosted the performance.
  • DMCC said it accounted for 11 percent of Dubai’s total FDI inflows and cemented its status as a global hub for trade in commodities like diamonds and precious stones.
Business

Madinah first Arab city to gain Gold Level in UN’s SDG Cities Initiative

Madinah, Saudi Arabia -- The United Nations Human Settlements Programme (UN-Habitat) has recognized Madinah for attaining Gold Level in the...
  • Madinah became the first Saudi and Arab city, and the third internationally, to receive this recognition of achievement.
  • Last month, UNESCO announced that Madinah was one of the three Saudi cities --the others being King Abdullah Economic City and Al-Ahsa -- that joined the UNESCO Global Network.
Business

AI in Saudi Arabia: Most companies have a plan, few are ready

While 93 percent of companies in the kingdom have an AI strategy, only 8 percent feel fully prepared, according to...
  • The Index assesses AI readiness across 6 pillars: strategy, infrastructure, data, talent, governance, and culture, surveying respondents from companies with 500 or more employees.
  • Only 12 percent of organizations have networks equipped for AI workloads, and 70 percent lack sufficient cybersecurity for AI models.
Business

SAR and Maersk to transport more containers between 2 Saudi ports

Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has signed a contract with the sea shipping company Maersk to increase...
  • The contract will also help increase operational efficiency, decrease the number of trucks between Dammam and Riyadh cities, reduce emissions, and maintain road infrastructure.
  • It will contribute to elevating Dammam Port to a regional station for global trade routes from the east to the local markets and countries in the region, said CEO SAR.
Geostrategy

Led by Elon Musk, Silicon Valley tech titans make rightward turn

Washington, United States -- Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically,...
  • Musk's politics are now hardline right wing as he uses his platform (now called X) to stoke the themes cherished by Fox News, conservative talk radio and far right movements.
  • Musk is not alone: other Silicon Valley mavens are also defending conservative causes, making noise in what electorally remains a liberal stronghold.
Business

Saudi Arabia’s IPI falls 8.8% in Jan on decrease in mining activity

Riyadh, Saudi Arabia -- Saudi Arabia’s Industrial Production Index (IPI) continued to decline for the 13th month in a row,...
  • Compared to Dec 2023, IPI increased by 0.3 percent supported by mining and quarrying activity, manufacturing activity and water supply, sewerage, waste management and remediation.
  • On the other hand, the sub-index for mining and quarrying activity increased by 0.1 percent compared to December 2023.
Business

India, European EFTA bloc sign $100 billion free trade deal

The deal will see the European Free Trade Association (EFTA) -- made up of non-European Union nations, including Iceland and...
  • EFTA was established in 1960 to promote free trade and economic integration between its members. In 2021, it was the 10th largest trader in the world in terms of merchandise.
  • In recent years, India has signed trade agreements with Australia and the United Arab Emirates. A long-talked-about trade deal with Britain is also said to be in the final stages.
Business

Sharjah real estate transactions hit $844 million in February: Report

Sharjah, UAE -- Sharjah witnessed real estate deals worth AED 3.1 billion ($844 million) in February 2023, according to the...
  • The total number of transactions carried out during February had reached 4,458 transactions.
  • The sales transactions reached 1,048 representing 23.5 percent of the total number of transactions.
Geostrategy

Expanding Israeli settlements a ‘war crime’: United Nations

UN rights chief warned Volker Turk said there had been a drastic acceleration in Israeli illegal settlement building in the...
  • "Such transfers amount to a war crime that may engage the individual criminal responsibility of those involved," Turk said in a report to the UN Human Rights Council.
  • Reported Israeli plans to build another 3,476 settler homes in the West Bank colonies of Maale Adumim, Efrat and Kedar "fly in the face of international law", he said.
Business

Foreign banks in Dubai to pay 20% annual tax under new law

The law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum exempts the foreign banks licensed to operate in...
  • It stipulates that the 9% tax that went into effect last year will be deduced from the 20% annual tax if the foreign bank pays the tax under the country's corporate tax law.
  • Violators will be fined up to AED500,000 ($136,150) and AED1 million in case of repeat violations within two years.

AI tools help choose best embryos, increase success rate for IVF

Paris, France -- Artificial intelligence tools can now help choose the most promising embryos for in vitro fertilisation (IVF), although...
Science

Company News

Latest News

US Federal Reserve expected to cut rates in last meeting of Biden era

Washington, United States -- The US Federal Reserve is widely expected to announce a quarter point cut to its key lending...
Business

Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks

In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...

Family-friendly ‘Astro Bot’ wins highest award at Oscars of video games

Los Angeles, United States -- Video game "Astro Bot" -- a family-friendly sci-fi adventure -- was named 2024's Game of the...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arts & Culture

‘A matter of pride’: Saudis rejoice as World Cup bid approved

Riyadh, Saudi Arabia -- Fireworks and drones depicting the iconic golden World Cup trophy lit up the sky in Saudi Arabia's...
  • Sports are a major component of the Vision 2030 reform agenda overseen by Crown Prince Mohammed bin Salman, which aims to diversify the economy of the world's top oil exporter.
  • Sports Minister Prince Abdulaziz bin Turki Al-Faisal said Saudi Arabia was "opening up to the world" and could help football grow globally.
Business

Ras Al Khaimah tourism sector contributes 5 percent to GDP: Official

Ras Al Khaimah: Ras Al Khaimah seeks to welcome 3.5 million tourists annually by 2030, says Raki Philipps, CEO of Ras...
  • The tourism sector's contribution toward GDP is expected to rise to one third by 2030, says CEO RAK Tourism Development Authority Raki Phillips.
  • Ras Al Khaimah includes over 38,000 companies across more than 50 sectors, with businesses from over 100 countries.
Business

Google unveils its most advanced Artificial Intelligence model, Gemini 2.0

San Francisco, United States -- Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to...
  • CEO Sundar Pichai said the new model would be marking what the company calls "a new agentic era" in AI development.
  • Gemini 2.0 is initially being rolled out to developers and trusted testers, with plans for broader integration across Google's products.