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

Yemen’s Huthi rebels say fired missile at Israel

Yemen's Iran-backed Huthi rebels said they fired a ballistic missile towards Israel on Saturday, in response to Israel's conduct towards...

Top US officials visit Kyiv as Mariupol ‘on the brink’

The United States' top diplomat and defence chief were in Ukraine's capital Sunday, Kyiv said, making the first high-level visit...
  • Presidential adviser Oleksiy Arestovych said Ukrainian leader Volodymyr Zelensky met the US officials Sunday
  • The United States has been a leading donor of finance and weaponry to Ukraine and a key sponsor of sanctions targeting Russia

France’s Macron wins new term

Macron is the first French president to win a second term for two decades, but Le Pen's result also marks...
  • Macron is the first French president to win a second term for two decades, but Le Pen's result also marks the closest the far-right has ever come to taking power in France
  • The 44-year-old president faces a litany of challenges in his second term, starting with parliamentary elections in June, where keeping a majority will be critical

Morocco prime minister’s petrol business at center of dispute

Soaring fuel prices in Morocco have placed billionaire petrol magnate Aziz Akhannouch -- who is also prime minister -- at...
  • Aziz Akhannouch last week had to try to explain to parliament the rise at the pump to a record $1.46 per liter of unleaded fuel.
  • At that level, filling a car's tank would eat into a substantial chunk of income when the minimum monthly wage is barely $280 in the North African nation.

A UK study says only 29% Covid patients fully well one year on

Not even one in four people have completely recovered from Covid a full year after being hospitalized with the disease,...
  • The study involving more than 2,300 people also found that women were 33 percent less likely to fully recover than men.
  • The most common long-Covid symptoms were fatigue, muscle pain, poor sleep, slowing down physically and breathlessness

Iran Guards seize vessel smuggling fuel in Gulf

Iran's Revolutionary Guards seized a foreign vessel smuggling fuel in the Gulf and arrested its crew members, state media said...
  • The crewmen's nationalities were not specified
  • On April 15, Iranian media reported the seizure of a boat carrying 250,000 liters of smuggled fuel and the arrest of its seven-member crew

Eygpt releases nine Coptic Christians detained for three months

Egyptian state security released nine Coptic Christians who had been detained for nearly three months following a protest demanding the...
  • The nine villagers faced charges of "participating in an assembly that endangers public peace, and committing a terrorist act with the aim of disturbing public security"
  • The Church of Saint Joseph and Abu Sefein was destroyed in a fire in 2016, which some have described as a "deliberate act"

Iraqi Christians celebrate arrival of ‘Holy Fire’

With joyous ululations, thousands of Iraqis have celebrated for the first time the arrival of the "Holy Fire" brought from...
  • With chanting and prayers, excited crowds gathered Saturday night to greet the flame's arrival at the Syriac Christian Orthodox Mar Matta monastery of Saint Matthew
  • According to believers, the fire descends from heaven on the eve of Easter, and is a symbol of Christ's Resurrection

Macron on course to defeat far-right Le Pen for second term

Macron was set to win 57.0-58.5 percent of the vote compared with Le Pen on 41.5-43.0 percent, according to projections...
  • The result is narrower than their second-round clash in 2017, when the same two candidates met in the run-off and Macron polled over 66 percent of the vote.
  • The relatively comfortable margin of victory will nonetheless give Macron some confidence as he heads into a second five-year mandate.

Protests, pension, pandemic mark Macron presidency

Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential...
  • Macron became the youngest president in French history at 39 when he saw off far-right leader Marine Le Pen in 2017
  • He is now looking to become the first French leader since Jacques Chirac in 2002 to win a second term

Twitter bans ads that defy climate change science

"Misleading advertisements on Twitter that contradict the scientific consensus on climate change are prohibited," says Casey Junod, Twitter global sustainability...
  • Twitter bans misleading information about climate change saying that undermine efforts to protect the planet
  • Earlier, Elon Musk made a bid of $43 billion for Twitter citing better freedom of speech as a motivation

Yemen’s Huthi rebels say fired missile at Israel

Yemen's Iran-backed Huthi rebels said they fired a ballistic missile towards Israel on Saturday, in response to Israel's conduct towards...

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Two Hizbollah members killed by Israeli strike in Lebanon

Baalbek, Lebanon - Israeli strikes near the Hizbollah-dominated city of Baalbek killed two group members on Monday, two security sources told...

Europe gives accent to instant payments across the union

Brussels, Belgium - Bank customers will soon be able to transfer money across Europe within seconds after the EU adopted a...

Renault Scenic model wins Car of the Year at Geneva auto show

Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Manufacturers pack smartphones with AI tools to boost sales

Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
  • The focus on AI comes amid sluggish smartphones sales as consumers are taking longer to upgrade their devices due to a lack of significant innovations.
  • Global smartphone shipments declined 3.2 percent to 1.17 billion units in 2023, its second consecutive yearly decline.

WTO pushes for reform, warns multilateralism ‘under attack’

Speaking on the first day of MC13, WTO Director-General Ngozi Okonjo-Iweala highlighted a need to "reform the multilateral trading system"...
  • The WTO is hoping for progress, particularly on fishing, agriculture and electronic commerce during the meeting scheduled to run until Thursday in Abu Dhabi.
  • But big deals are unlikely as the body's rules require full consensus among all 164 member states -- a tall order in the current climate.

Palestinian PM resigns over ‘Gaza aggression, West Bank escalation’

The resignation of the government in the West Bank comes as several countries, including the United States, have called for...
  • He called for inter-Palestinian consensus and the "extension of the (Palestinian) Authority's rule over the entire land of Palestine".
  • "We will remain in confrontation with the occupation ... and will continue to struggle to establish a state on the lands of Palestine," he said.