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

Biden congratulates Sheikh Mohamed bin Zayed on being elected UAE president

US President Joe Biden congratulated the UAE's de facto ruler Sheikh Mohamed bin Zayed Al Nahyan on being elected Saturday...
  • US Vice President Kamala Harris will travel to the UAE on Monday to lead a presidential delegation
  • The 61-year-old Sheikh Mohamed, a trained soldier, has long been a quiet power behind the throne of Abu Dhabi

Israel reopens Gaza crossing for workers after two weeks

Israel reopened on Sunday its only crossing with the Gaza Strip to Palestinian workers nearly two weeks after closing it...
  • Israel had closed the crossing on May 3 ahead of Israel's national memorial and independence days
  • Israel and Hamas, the rulers of the impoverished coastal enclave, have fought repeatedly over the last 15 years, most recently in May last year

Iraq’s prized rice crop threatened by drought

Drought is threatening the Iraqi tradition of growing amber rice, the aromatic basis of rich lamb and other dishes, and...
  • After three years of drought and declining rainfall, Iraq's amber rice production will be only symbolic in 2022
  • Normally, rice fields planted in mid-May should stay submerged all summer until October but that's a luxury Iraq can no longer allow

Lebanon votes in first election since crisis

Lebanon headed to the polls today for its first election since multiple crises dragged it to the brink of failed...
  • Observers have warned not to expect any seismic shift, with every lever of power firmly in the hands of traditional sectarian parties
  • Since the last election, the country has been mutilated by a blast at the Beirut port that went down as one of the largest non-nuclear explosions in history

British PM Boris Johnson to travel to UAE after president’s death

British Prime Minister Boris Johnson will fly to the United Arab Emirates on Sunday to pay his condolences following the...
  • In a statement on Friday, Johnson expressed his sadness at the Sheikh's death, calling him "a wise and respected leader who will be missed enormously"
  • The UAE's long-time de facto ruler Sheikh Mohamed was elected as president of the oil-rich Gulf state on Saturday

Finland seeks to reassure Russia about NATO bid

Finland on Saturday sought to allay Moscow's fears about its bid to join NATO, as fierce fighting raged in Ukraine's...
  • Finland and Sweden are poised to jettison decades of military non-alignment to join NATO as a defence against feared further aggression from Russia
  • Moscow has warned Finland, with whom it shares a 1,300-kilometre (800-mile) border, that it would take "reciprocal steps."

G7 criticizes India for its decision to ban wheat export

India, the world's second-largest wheat producer, said that factors including lower wheat production and sharply higher global prices because of...
  • India on Saturday banned wheat exports without prior government approval after recent scorching temperatures hit production
  • However, exports could also take place if New Delhi approved a request by other governments "to meet their food security needs"

G7 ‘will never recognize’ borders changed by force

The Group of Seven industrialized nations said Saturday they would never recognize the borders Russia is trying to shift by...
  • Russia invaded Ukraine on February 24 but Kyiv's forces managed to push Moscow's troops back from the capital
  • In their joint statement, they vowed to expand sanctions to include sectors on which Russia is dependent and keep supplying Ukraine with weapons

Tutu foundation decries Israeli beating of Palestinian mourners

Israeli police charging the funeral of Palestinian journalist Shireen Abu Akleh is "reminiscent" of violence during apartheid South Africa, the...
  • Human Rights Watch has accused Israel of committing crimes of apartheid against Palestinians in Gaza, the occupied West Bank and inside Israel
  • Political analyst Eusebius McKaiser on Twitter said the violence was all too familiar

Finnish President speaks with Putin on NATO membership

Finnish President Sauli Niinisto spoke with his Russian counterpart Vladimir Putin on Saturday regarding the Nordic country's application for NATO...
  • The Finnish president and Prime Minister had said on Thursday that they wanted the country to join NATO "without delay"
  • Neighboring Sweden, like Finland traditionally neutral, is also expected to announce its own membership bid in coming days

‘Writing is thinking’: do students who use ChatGPT learn less?

Paris, France -- When Jocelyn Leitzinger had her university students write about times in their lives they had witnessed discrimination,...

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Iran conservatives secure bulk of seats in elections: media

Authorities were still counting ballots two days after Friday's vote for members of parliament and for the Assembly of Experts,...

Young Iraqis seek desert retreats for a change from the hustle of big cities

SAMAWAH, IRAQ – Far from the hustle and bustle of major cities, young Iraqis are increasingly taking advantage of a renewed...

Cargo ship sunk by Houthis poses environmental risk, says US military

Yemen's government also said earlier Saturday that the ship which was departed UAE and was bound for the Bulgarian port...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli strike near Gaza’s Rafah hospital kills 11

A paramedic was among those killed and children were wounded in the blast close to the Emirati Maternity Hospital, ministry...
  • The Israeli army said it had carried out a "precision strike" in the area of the hospital
  • WHO chief Tedros Adhanom Ghebreyesus said the strike was "outrageous and unspeakable"

Trump wins vote in 3 states, edging toward nomination

The voting Saturday in Missouri, Michigan and Idaho were hybrid internal elections with differing rules, in some cases reflecting rifts...
  • Trump has now won every state nominating contest heading into next week's "Super Tuesday"
  • The former president has gained huge momentum in the race to capture the Republican nomination

SpaceX launch taking crew to ISS delayed again by weather

Hours before Saturday night's scheduled launch, SpaceX posted on X that "elevated winds" forced the delay. It was the latest...
  • The company announced that the launch was delayed, and NASA said the agency would now target Sunday at 10:53 pm for liftoff
  • The SpaceX Crew Dragon named Endeavour is to carry the four atop a Falcon 9 rocket from the Kennedy Space Center in Florida