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 announces $150 mn more weapons for Ukraine

Biden said current funding was "nearly exhausted" and the US and its allies must "keep the weapons and ammunition flowing...
  • The military package form US administration includes 25,000 155mm artillery rounds, counter-artillery radars, electronic jamming equipment and spare parts
  • Biden and the G7 leaders will meet with Zelensky virtually on Sunday to discuss Western support for Ukraine in its struggle against Putin's invasion

EU chief calls Spain-France gas connections ‘critical’

Last week Russia cut off gas supplies to Poland and Bulgaria as the Kremlin reacted to tightening EU sanctions.
  • Last week Russia cut off gas supplies to Poland and Bulgaria as the Kremlin reacted to tightening EU sanctions
  • Spain currently has six liquefied natural gas (LNG) terminals that could help the EU boost imports

Morocco, Spain agree to bolster migration cooperation

Morocco and Spain on Friday committed to strengthening cooperation on irregular migration following a reset in relations after a months-long...
  • The decision came during a meeting in Rabat of a mixed permanent group on migration
  • Madrid announced a U-turn in March on its stance over the disputed territory of Western Sahara

Qatar’s migrant army queues for glimpse of World Cup

The price of tickets means that most of those who waited up to two hours for the chance of a...
  • Some tickets costing QAR40 ($11) have been reserved for Qatar's 2.8 million population, most of whom are foreign workers
  • However, all the cheap tickets are apparently gone, and the cost of others was too high for those earning $275 a month

Reliance nets $100bn annual revenue

With this turnover, it became the first Indian firm to cross the mark.
  • The conglomerate reported a net profit of INR162.03 billion ($2.1 billion) between January and March
  • This was 22.5 percent higher than the same period last year for the group, owned by Asia’s richest man

Brazil, Guyana agree to widen energy cooperation

US giant ExxonMobil announced in April the discovery of three new oil deposits in Guyana, raising estimates of the country's...
  • Guyana has emerged as one of the main low-cost oil production countries
  • It is now preparing to auction offshore oil blocks at the end of the year

‘Brain training’: the new frontier for eSports

The days of playing your favourite game for hours at a time to stay competitive in eSports are gone, with...
  • Team Liquid is one of the biggest in the professional eSports leagues and they are keen to keep their edge, with the focus on brain training adding to the use of coaches
  • "We believe The Pro Lab will make waves in the eSports industry and beyond,” Dutchman Victor Goossens, founder and co-CEO of Team Liquid, said in a statement

‘Like family’: Japan’s virtual YouTubers make millions from fans

Mayu Iizuka sheds her soft-spoken personality and starts cackling, screaming and waving wildly in a makeshift studio in Tokyo as...
  • The videos are designed to make fans feel they are interacting directly with their favourite animated idols
  • Most fans spend only $1 per comment, but the most dedicated sometimes splurge $400 to post impassioned missives to their virtual idols

World food prices fall slightly from record high over Ukraine war: FAO

World food prices fell slightly last month after hitting a record in March but remain high due to the Ukraine...
  • International sanctions against Russia as well as export flow disruptions resulting from the February 24 invasion have sparked fears of a global hunger crisis.
  • Russia and Ukraine, whose vast grain-growing regions are among the world's main breadbaskets, account for a huge share of the globe's exports in several major commodities.

Asian Games postponed as China tries to stamp out Covid spike

The Olympic Council of Asia (OCA) said in a statement that the decision to postpone "was taken by all the...
  • Hangzhou was poised to become the third city in China to host the continental competition after Beijing in 1990 and Guangzhou in 2010.
  • China has stubbornly stuck to its zero-Covid policy, imposing strict lockdowns, quarantines and mass testing programmes even while other countries start to reopen.

‘In our blood’: Egyptian women reclaim belly dance from stigma

As belly dancing gains popularity internationally, young Egyptian performers are working to restore its reputation at home, pushing back against...

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Facebook parent Meta to stop paying Australian news media

Meta had previously announced it would not renew content deals with news publishers in the United States, Britain, France and...

Former US ambassador to plead guilty to spying for Cuba

Rocha additionally faces a lawsuit filed Thursday in Florida by the widow of Cuban dissident Oswaldo Paya. She alleges Rocha...

Split over Gaza and Ukraine, G20 meeting ends in discord

Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

European airlines witness a rise in profits in 2023

LONDON, UK – Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch...
  • Offsetting a jump in the aviation sector is persistently-high inflation pushing up fuel and staff costs.
  • Delays in deliveries of commercial jets produced by Boeing and Airbus is hampering the sector’s rise.

Iran launches imaging satellite Pars 1 from Russia

Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...
  • Iran’s Telecommunications minister said "Pars-I" was "fully domestically developed" in his country.
  • In August 2022, Russia launched Iran's remote-sensing Khayyam satellite into orbit from Kazakhstan.

Kurd authorities say Turkish strikes kill two PKK members

Arbil, Iraq - A Turkish drone strike in northwestern Iraq killed two members of a group affiliated to Turkey's outlawed Kurdistan...
  • The fighters were members of the Sinjar Resistance Units, a group founded among the district's Yazidi community in response to occupation by the IS group
  • There was no immediate word from the Turkish military, which has conducted deadly strikes against PKK targets in Iraq and neighboring Syria previously