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

Iran decries ‘destructive’ conduct by IAEA chief

"The action taken by parliament members... is a natural response to the unjustified, unconstructive, and destructive conduct of the Director...

Erdogan vows Turkey will not expel Syrian refugees

President Recep Tayyip Erdogan on Monday pledged that Turkey would not drive Syrian refugees back to their home country despite...
  • Last week, the main opposition CHP leader Kemal Kilicdaroglu said his party would return Syrian refugees to their homeland within two years if he came to power
  • Erdogan is facing rising public anger over the refugees' and is wary of the issue dominating next year's presidential elections

Indian rupee falls to new low on inflation fears

The Indian rupee plunged to an all-time low against the greenback on Monday, as US monetary policy tightening roiled sentiment...
  • The fall came as Indian stocks on the benchmark Sensex and Nifty50 indices extended losses for a fourth day
  • Foreign investors have withdrawn a net 1.34 trillion rupees ($17.3 billion) from Indian equities so far this year, stock exchange data showed.

EU nuclear coordinator to visit Iran this week

The European Union's coordinator for talks between Iran and world powers over restoring a frayed 2015 nuclear deal will visit...
  • The coordinator, Enrique Mora, has played a key role as an intermediary between the US and Iran during a year of on-off talks in Vienna that seek to revive the deal
  • The 2015 deal gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that it could not develop a nuclear weapon

Nearly 60 percent Lebanon diaspora voter turnout for May 15 polls

Some 130,000 Lebanese expatriates out of 225,000 registered voters cast their ballots, foreign ministry official Hadi Hashem said, releasing preliminary...
  • The overseas ballots will now be sent to the capital Beirut for counting when polls close after nationwide voting on May 15.
  • The elections are the first since mass protests erupted in late 2019 against the country's entrenched ruling elite, widely blamed for the economic collapse.

More than 40 migrants drown off Western Sahara: charity

At least 44 migrants drowned on Sunday when their boat capsized off the coast of the Western Sahara, migrant aid...
  • There was no immediate confirmation from authorities in Morocco, which sees the disputed Western Sahara as an integral part of the North African kingdom
  • Spanish interior ministry says that 40,000 migrants arrived in the country by sea in 2021 and 4,404 migrants died or went missing in attempt to reach Spain

Downtown Beijing goes quiet as zero-Covid policy smothers capital

Millions of people in Beijing stayed home on Monday as China's capital tries to fend off a Covid-19 outbreak with...
  • Lockdown in Shanghai has also intensified, causing outrage and rare protest in the last major economy still glued to a zero-Covid policy
  • The policy has winded an economy which just months ago had shown China was bouncing back fast from the pandemic

US First Lady Biden makes unannounced visit to Ukraine

"I wanted to come on Mother's Day" said Jill Biden while telling reporters that people from US support people of...
  • "I wanted to come on Mother's Day" said Jill Biden while telling reporters that people from US support people of Ukraine in the war against Russian invasion
  • She traveled to Ukraine from Slovakia as part of a regional tour that included Romania and was meant to be yet another display of American support for Ukraine

China’s April exports slump to lowest in two years as virus bites

"Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng...
  • "Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng Xing of ANZ Research said.
  • Import growth was flat in April, an improvement from a 0.1 percent contraction in March, as Chinese consumers remain hesitant under a welter of restrictions across the country

Iran’s foreign minister says Tehran ‘against’ Ukraine war

Hossein Amir-Abdollahian said that "we are against the war in Ukraine, just as we are against the war in Yemen,...
  • Hossein Amir-Abdollahian said that "we are against the war in Ukraine, just as we are against the war in Yemen, in Afghanistan, in Syria, in Iraq, or in any other part of the world
  • "We believe that the solution in Ukraine is political and that political negotiations between Russia and Ukraine must lead to an end to the war," he added

Russia readies Victory Day parade as fight for east Ukraine rages

Russia will celebrate its 1945 victory over Nazi Germany Monday with a show of military might as its army battles...
  • President Vladimir Putin is set to flaunt Russia's power in celebration of Victory Day, as he seeks to justify a war that has gone on far longer than expected
  • But as huge missiles are towed through Moscow's Red Square , Ukraine will be desperately battling to stop a hoped-for military breakthrough

Saudi Arabia to host Italian Super Cup in December

Rome, Italy -- Next season's Italian Super Cup will be played for the fourth time in Saudi Arabia but in...

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Leftist Galloway wins MP seat in UK amid anti-Semitism allegations

London, UK- Controversial left-wing firebrand George Galloway was elected to the UK parliament on Friday after tapping into anger over the...

Elon Musk files lawsuit against OpenAI over mission ‘betrayal’

Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...

UN warns famine in Gaza almost inevitable unless war changes

The UN and other humanitarian actors have not yet declared a state of famine in Gaza, despite worsening conditions in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Energy-related global CO2 emissions hit record levels in 2023, says IEA

PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
  • CO2 emissions from energy rose by 1.1 percent in 2023, increasing by 410 million tonnes to a record 37.4 billion tonnes.
  • Without the drought and water shortfalls, global carbon emissions from power generation alone would have fallen last year.

World resource extraction could surge 60 percent by 2060, UN warns

Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
  • The hunger for natural resources -- everything from food to fossil fuels -- keeps growing by an average of more than 2.3 per cent per year, it said.
  • Extraction and processing of the huge amount of resources accounts for over 60 percent of planet-warming emissions, the report said.

Global criticism of Israel after ‘massacre’ of Gazans lining for food

Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a...
  • Iran denounced "the barbaric attack by the Zionist regime", China said it was "shocked", and head of the Arab League said the "brutal" act showed "total contempt for human life".
  • Saudi Arabia strongly condemned what it called the "targeting" of unarmed civilians, while Kuwait and the UAE also issued condemnations.