INSEAD Day 4 - 728x90

threads

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
  • More than half a million users across the globe reported issues earlier in the day, with many saying they were booted out of the social media platforms and unable to log back in. The most frequently reported problems by users were with logging into the Facebook app and issues with...
  • With X’s Musk under fire, Biden joins rival Threads

    The White House confirmed it had launched Threads accounts for the president, First Lady Jill Biden, Vice President Kamala Harris, her husband Douglas Emhoff and the White House itself in English and Spanish. An official said that Threads is an additional way "we can communicate with the American people about...
  • Meta’s Twitter rival Threads launches web version

    One measure of usership, by company Similarweb, showed that daily active users on the Android version of Threads dropped to 10.3 million from the peak of 49.3 million. In the week of the Threads launch early last month, Meta CEO Mark Zuckerberg cautioned the app would "take time to stabilize,...
  • Meta posts big earnings

    It posted a profit of US$7.8bn in the recently ended quarter.
  • Twitter website replaces bird logo with X, rebrand yet to be finalized

    The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the blue "Tweet" button was visible, suggesting the rebrand was not yet finalized.Musk and the company's new chief executive Linda Yaccarino announced the rebranding Sunday, saying the company would be renamed...
  • Twitter challenger Threads struggles for traction

    Twitter continues to dominate its space as a platform for online comment and news, and Musk "would have to completely destroy it" to drive away its audience for good. Threads was quickly billed as a potential death knell for Twitter, but weeks later, Threads has since seen a "material decline...
  • Twitter has lost half its advertising revenue, says Musk

    Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," the billionaire said in a post, responding to...
  • Arabs play huge role as Threads challenges Twitter’s dominance in social media space with rapid growth

    The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating its potential to compete with Twitter.
  • Meta loses more: Zuckerberg takes threads fight to European Union

    Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores.
  • Twitter rival Threads signs up 100 million users in five days

    Threads went live on Apple and Android app stores in 100 countries late on Wednesday, though it is not available in Europe because parent company Meta is unsure how to navigate the European Union's data privacy legislation. Twitter, Threads rival, is thought to have around 200 million regular users but...
  • Hours after Threads takes off, Elon Musk threatens lawsuit

    Threads is the biggest challenger yet to Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of the world's biggest social media platforms, despite its struggles. Zuckerberg's latest move against Musk further heightened the rivalry between the two multibillionaires.
  • Meta launches Twitter rival Threads, 10m sign-ups in first few hours

    More than 10 million people have signed up to Threads, Meta's rival to Twitter, within the first few hours of its launch, the company's CEO Mark Zuckerberg said. The app went live on Apple and Android app stores in 100 countries at 2300 GMT on Wednesday, and will run with...