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...

Xbox makes Fortnite free to play on phones

The popular battle royale title from Epic Games will be the first free-to-play game available through an Xbox Cloud Gaming...
  • Fortnite's return to iPhones and iPads comes after it was booted from Apple's App Store for trying to bypass its payment system
  • Apple has clashed in court with Epic, which has accused the iPhone-maker of operating a monopoly of its App Store shop

Petrobras profits rise despite hurdles

Brazilian President Jair Bolsonaro has criticized it for rising fuel prices.
  • Petrobras on Thursday reported a first-quarter net profit of 44.6 billion reais ($8.6 billion)
  • The result was 38 times more than the Q1 2021 result of 1.2 billion reais ($180 million)

UN attempts rescue as Russia pummels Mariupol

The Russian military had announced a three-day ceasefire at the site starting on Thursday, but a Ukrainian commander said there...
  • Since failing to take Kyiv early on in its invasion, which began February 24, Russia has focused its efforts on Ukraine's east and south
  • Seizing Mariupol would allow it to link the pro-Russian regions in eastern Ukraine to Crimea, which it annexed in 2014

Yemen’s war-weary Taez choked by siege despite truce

Overloaded trucks and cars packed with families ply narrow, bumpy mountain roads surrounding this Yemeni city long-besieged by Huthi rebels...
  • In normal times, one such road, known as "Al-Aqroudh", should allow drivers to reach the village of Al-Hawban east of Taez in just 15 minutes
  • Yemen's war pits the Iran-aligned Huthis against the Saudi-led military coalition backing the country's internationally recognised government

Israel launches manhunt after attack kills three

Israeli forces launched a manhunt Friday for attackers who killed three people in the central city of Elad as the...
  • No details on the alleged assailants had emerged, but Defence Minister Benny Gantz announced measures to stop the attackers from escaping
  • Israel's Foreign Minister Yair Lapid said "the joy of independence day had been interrupted in an instant"

WHO claims 13-16 million people died due to Covid in 2020-21

The WHO declared Covid an international public health emergency on January 30, 2020, after cases of the new coronavirus spread...
  • The figures give a more realistic picture of the worst pandemic in a century, which killed around one in 500 people worldwide.
  • The figures are extremely sensitive due to how they reflect on the handling of the crisis by authorities around the world.

1,000 Palestinians face eviction after Israeli court ruling on Hebron land

Israeli civil rights groups denounced a High Court decision that approved the eviction of roughly 1,000 Palestinian villagers to make...
  • In the early 1980s the army declared the 3,000-hectare (30 square kilometer) territory a restricted military area and claimed it was uninhabited.
  • The roughly 1,000 Palestinians living there said it was their people's home long before Israeli soldiers set foot in the West Bank, which the Jewish state has occupied since 1967.

OPEC+ agree on modest supply boost amid demand concerns

Saudi Arabia, Russia and other key producers agreed to adjust upward the monthly overall production by 0.432 mb/d for the...
  • As in previous months, the cartel continued to open the taps slightly, a strategy begun in the spring of 2021 when the economy began recovering after the pandemic-induced cuts.
  • Russia's invasion of Ukraine has added to supply concerns, which have increased with Europe's announced moves on a potential Russian oil embargo.

Sandstorm leaves more than 1,000 Iraqis in hospital

More than 1,000 Iraqis were rushed to hospital with respiratory ailments on Thursday due to a sandstorm, the seventh to...
  • Authorities in Al-Anbar and Kirkuk provinces, north of the capital, urged people to stay indoors
  • Hospitals in Al-Anbar province had received more than 700 patients with breathing difficulties

TikTok to unveil ad revenue-sharing program for creators

TikTok on Wednesday announced an ad revenue-sharing program with the social media platform's most prominent creators, moving closer to a...
  • The short-video format app has become wildly popular in recent years with more than a billion active users globally
  • Under the new TikTok Pulse program, companies can place their ads next to user content in specific categories, including health, fashion, cooking, gaming and others

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...

Company News

Latest News

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...

Major stock markets trade mixed as US inflation data awaited

London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a...

Israel killed 25,000 Palestinian women, children since Oct: Pentagon

"It's over 25,000," US Defense Secretary Lloyd Austin told lawmakers when asked during a House Armed Services Committee hearing for...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Russia to ban petrol exports for six months to meet domestic demand

Despite being the world's third largest oil producer, Russia has suffered sporadic fuel shortages since last summer amid high demand...
  • The Kremlin is also keen to avoid fuel shortages on the domestic market ahead of elections next month, in which President Vladimir Putin is seeking to extend his grip on power.
  • Russia announced a similar export ban on diesel and petrol last year, after farmers in some regions were unable to harvest grain due to fuel shortages.

Israeli troops ‘massacre’ 104 Palestinians at aid distribution point

More than 750 others were injured after Israeli soldiers opened fire on civilians gathered at an aid distribution point in...
  • Earlier, the health ministry in Gaza said children have died "due to malnutrition, dehydration and widespread famine" at Al-Shifa hospital.
  • The United Nations humanitarian agency OCHA described the food security situation as "extremely critical across Gaza, particularly in northern Gaza."

Saudi football body suspends, fines Ronaldo over gesture

Sports newspaper Al-Riyadiya reported Ronaldo as saying he respected all football clubs and that the gesture expressed "strength and victory"...
  • Saudi Arabian Football Federation said the Al-Nassr captain and former Porto star was also fined a total of $8,000 for the move, which broke rules against provoking the public
  • Video emerged after his side's 3-2 win against Al-Shabab showing Ronaldo making a repeated thrusting gesture towards his groin in response to crowds chanting Lionel Messi name