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

UN expert calls US sanctions on Iran ‘devastating’

An independent United Nations expert said Wednesday that the impact of sanctions imposed by the United States on Iran was...
  • A 12 day visit of UN expert in Iran comes during the ongoing protest in country over rising prices of food and soaring inflation
  • In 2018, then-US president Donald Trump withdrew from the deal and imposed crippling sanctions on Iran

Lebanon’s Hezbollah urges ‘cooperation’ as vote brings no majority

Hezbollah and its allies fell just short of the 65 seats needed to control the 128-seat chamber.
  • Hezbollah and its allies fell just short of the 65 seats needed to control the 128-seat chamber
  • The elections came as Lebanon remains mired in one of the modern world's worst-ever economic crises

US puts full weight behind Sweden, Finland bids to join NATO

The United States gave its full support Wednesday for Sweden and Finland's bids to join NATO, promising to stand by...
  • "I warmly welcome and strongly support the historic applications," Biden said, calling the two countries "longtime, stalwart partners."
  • Biden made the comments a day before welcoming Finnish President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson to the White House

Record wheat prices a global worry, put poor countries at risk of poverty

Low rainfall or droughts in major producing countries were already causing worries before Russia's invasion of Ukraine in February sent...
  • Ukraine struggles to sell and sow its wheat crops, putting consumers in poor countries at risk of poverty and famine.
  • There are around 270 million tons of wheat in stock for a planet that consumes around 800 million a year. Around half are in China which has one year's consumption in reserve.

Jewish pilgrims back in Tunisia after Covid absence

Djerba is home to one of the last Jewish communities in the Arab world, and the synagogue is believed to...
  • Jewish pilgrims lit candles, prayed, and handed each other sweets and nuts at synagogue annual celebrations in Tunisia.
  • 8,000 pilgrims used to travel to Djerba for the annual celebration but the number decreased as the pandemic spread across the world.

UK inflation highest in 40 years on rocketing energy costs

Official data showed Tuesday that Britain's unemployment rate has fallen further to a near five-decade low, but the value of...
  • Nations across the world are plagued by decades-high inflation as the Ukraine conflict pushes up energy and food prices.
  • The squeeze on UK household budgets tightened further in April due to tax hikes, while wages are failing to keep pace with inflation.

Robot hives in Israel kibbutz hope to keep bees buzzing

They function as normal hives, but apiaries built at a kibbutz in Israel's Galilee are decked out with high-tech artificial...
  • The hives operate on solar energy, have adjustable temperatures, eliminate pests and can even extract honey automatically using an integrated centrifuge.
  • Startup Beewise came up with the idea in an effort to reduce mortality rates in a species that has in the past years seen sharp rates of decline due to environmental threats.

Qatar announces it will invest additional $5 billion in Spain

Qatar on Wednesday said it plans to invest an additional $5 billion in Spain on the second day of a...
  • Qatar, one of the world's three biggest exporters of liquified natural gas (LNG), is currently Spain's fifth-largest supplier after the United States, Algeria, Nigeria and Egypt.
  • Before the pandemic, Qatari investment in Spain stood at 2.67 billion euros ($2.8 billion), the Spanish government said, making it the country's 24th biggest investor.

Dubai Museum of the Future, Binance to launch first-ever NFT collection

Dubai’s Museum of the Future will develop and launch several digital products on the blockchain, starting with the first-ever NFT...
  • The Museum, which launched only a few weeks ago, is already making an impact with visitors, with tickets and Museum Future Talks series sold out days in advance.
  • The first NFT drop is set to be announced in the coming weeks, with the collection to be linked to ‘The Most Beautiful Building on Earth’.

Dubai records $490 million in real estate transactions on Tuesday

Dubai real estate market recorded 391 sales transactions worth AED 1.4 billion ($381 million) and 60 mortgage deals of AED...
  • The sales included 342 villas and apartments worth AED 1.11 billion, and 49 land plots worth AED 295.09 million.
  • Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter in Q1 2022.

Iran ends cooperation with UN nuclear watchdog after Israel, US strikes

It came after last month's 12-day conflict between Iran and Israel, which saw unprecedented Israeli and US strikes on Iran's...

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Western countries shelve plans to censure Iran at UN nuclear meet

Western powers will not censure Iran over its lack of cooperation with the UN nuclear watchdog at its Board of...

UNRWA head seeks General Assembly support after backlash

The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over...

Diplomacy the ‘only way’ to end Israel-Hizbollah clashes: US envoy

"A diplomatic solution is the only way to end the current hostilities" and achieve "a lasting fair security arrangement between Lebanon...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN says ‘delusional conspiracy theories’ behind global violence

Geneva, Switzerland - The pernicious "'great replacement' conspiracy theories" spreading in many countries are "delusional" and racist and are directly spurring...
  • United Nations High Commissioner for Human Rights Volker Turk also took aim at the "war on woke", which he stressed was "really a war on inclusion"
  • Turk insisted that racially mixed and multicultural societies were not something to fear but should be seen as a benefit to people everywhere

China’s annual political conclave starts as economy sputters

Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will...
  • Armed police are ubiquitous on Beijing streets as delegates arrive for the gathering
  • The meetings are not expected to see the unveiling of big-ticket bailouts

Swiss central bank posts 2023 loss

The bank has raised its interest rates to tame inflation..
  • SNB said it recorded a loss of 8.5 billion francs on national currency positions last year, following a loss of one billion francs in 2022
  • The bank made a profit of four billion francs on foreign currency positions following a loss of 131.5 billion francs in the previous year