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

Davos summit of global elites returns after two-year break

The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous...
  • The theme of the World Economic Forum, "History at a Turning Point", sets the tone for the four-day meeting in the glitzy Swiss mountain resort
  • More than 50 heads of state or government will be among the 2,500 delegates, ranging from business leaders to academics and civil society figures

World Cup police brace for ‘huge crowds’ in Doha

Controlling hundreds of thousands of football fans in Qatar's capital will be the biggest security challenge of World Cup 2022,...
  • Unlike previous World Cups, where only two teams and their supporters would generally converge on one city at any given time, all the games will take place in and around Doha
  • Major General Abdulaziz Al-Ansari, head of Qatar's World Cup security operation, also acknowledged that the numbers were the main concern

France sees no EU entry for Ukraine before ’15 or 20 years’

A bid by Ukraine to join the European Union would not be finalized for "15 or 20 years," France's Europe...
  • President Zelensky on Saturday insisted on an immediate start of the process towards full EU membership.
  • Some EU leaders share France's skepticism about a rapid acceptance of Ukraine's membership bid.

Al-Waleed to sell 16.87 percent of his firm to Saudi sovereign fund

The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns...
  • Al-Waleed, once dubbed the Warren Buffett of Saudi Arabia, struggled to recover his political and financial standing in the kingdom after he was detained in a crackdown.
  • Saudi Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, is at the heart of Saudi Arabia's efforts to end its reliance on oil.

Tunisian weavers turn rags into eco-friendly rugs

Tunisian weavers are recycling old clothes into carpets using traditional techniques. This gives women a livelihood and elevate the status...
  • Tunisian weavers are recycling old clothes into carpets using traditional techniques.
  • This gives women a livelihood and elevate the status of handicrafts in the country.

Showboating Mayweather dominates Moore in Abu Dhabi exhibition

Boxing great Floyd Mayweather danced and showboated his way through a one-sided exhibition bout against former sparring partner and fellow...
  • The former welterweight champion, wearing UAE colours, spoke directly to the cameras and chatted with the referee in between unleashing flurries at his outclassed fellow American.
  • The former welterweight world champion dominated YouTube star Logan Paul last June and beat Japanese kickboxer Tenshin Nasukawa by TKO in just two minutes in December 2018.

Rich Lebanese look for home away from hardships

Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese...
  • Citizenship by investment schemes have become a booming business internationally, attracting the well-to-do from volatile countries like Iraq, Yemen and Syria
  • "Three years ago, I would not have imagined I would buy a passport," said Jad, who had previously grappled with lengthy visa procedures for business trips

NFTs, like cryptocurrencies, lose their sheen

A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies...
  • NFTs are tokens linked to digital images, "collectable" items, avatars in games or property and objects in the burgeoning virtual world of the metaverse
  • The number of NFTs traded in the first quarter of this year slumped by almost 50 percent compared to the previous quarter, according to analysis firm Non-Fungible

For Iraqis back from Syria, life on hold in ‘rehabilitation’ camp

Iraqi Foreign Minister said his country is determined to repatriate all the families stuck in the Syrian camp after "security...
  • Families of IS fighters in Syrian camp fear returning home as many of them experience community rejection, stigmatization and risk of revenge attacks
  • According to Iraq's ministry of immigration, around 30,000 Iraqis including 20,000 children remain stranded at Al-Hol camp in Syria

Erdogan conditions support for Nordic nations’ NATO bids

President Recep Tayyip Erdogan on Saturday said Turkey would not look "positively" on Sweden and Finland's NATO bids unless its...
  • Erdogan's threat throws a major potential obstacle in the way of membership for the hitherto militarily non-aligned Nordic nations since a consensus is required in NATO decisions
  • On Thursday, Stoltenberg said Turkey's "concerns" were being addressed to find "an agreement on how to move forward"

Israeli forces kill 69 Palestinians in Gaza, including those sheltering in a school

They included 38 people waiting for humanitarian aid at three separate locations in central and southern Gaza and a child...

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Houthis attack ship listed as ‘Israeli-affiliated’ off Yemen

Yemen's Houthi rebels, who since November have fired drones and missiles at numerous ships in the Red Sea area vital...

Above-normal temperatures for March-May due to El Nino: UN

El Nino, the large-scale warming of surface temperatures in the central and eastern equatorial Pacific Ocean, typically has the greatest...

Gaza detainees released by Israel report abuse, says UNRWA

UNRWA chief's comments capped a tumultuous day during which Israel and UNRWA have traded accusations, with Israel accusing the agency...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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American Airlines orders 260 jets

It is part of the airlines' effort to 'modernize' its fleet.
  • The airline said in a statement that the order comprises 260 new planes, plus options for an additional 193 aircraft
  • Its CEO said the airline has invested heavily to modernize and simplify its fleet, the largest among US network carriers

China sets ambitious 5 percent growth target for 2024

Premier Li Qiang formally announced the growth objective, alongside the overall budget and key government policies for 2024, at China's...
  • Last year's NPC saw President Xi Jinping anointed for a historic third term, cementing his rule as the most powerful Chinese leader since Mao Zedong
  • This year's gathering will focus on a litany of economic and security challenges, including a protracted property sector crisis, and soaring youth unemployment

Israel strike kills 3 Hizbollah-affiliated paramedics in Lebanon

According to the Hizbollah-affiliated Islamic Health Committee, three volunteer paramedics died "due to a direct Zionist attack on an emergency...
  • Israeli said it struck Hizbollah targets including "military compounds"
  • Hizbollah and Israel have been exchanging near-daily fire since October 7