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

As major economies meet, US looks to increase pressure on Russia

Russian officials are expected to participate remotely in this year's G20 meeting led by Indonesia.
  • Russian officials are expected to participate remotely in this year's G20 meeting led by Indonesia
  • IMF and World Bank warned that the Ukraine war has devastating impact on global economy

Iran fights to recover antiquities stolen in wars

Decorated glazed bricks almost 3,000 years old are on display at Iran's National Museum after a four-decade search disrupted by...
  • It is the latest example of Middle Eastern and African countries recovering stolen antiquities which have ended up in Western countries
  • "We are in talks with the United States as well as with Australia to return objects," Nokandeh, curator of Iran's National Museum, said

Algeria demands W.Sahara ‘clarifications’ from Madrid

Algeria, which backs the Polisario independence movement in the former Spanish colony, had in March recalled its envoy to Madrid.
  • Algeria, which backs the Polisario independence movement in the former Spanish colony, had in March recalled its envoy to Madrid
  • The Polisario waged a long armed struggle in Western Sahara for independence from Morocco before reaching a ceasefire in 1991

Moroccan MPs call for cap on oil firms’ profit margins

Moroccan lawmakers on Monday called for a cap on oil firms' profit margins, describing them as "exorbitant" amid soaring fuel...
  • Morocco, which relies on imports for its fuel consumption, has suffered from the skyrocketing prices of fuel
  • In late March, the government said it would pay out more than $200 million to truck drivers who staged a national strike over spiralling fuel costs

UN experts ask Australia to repatriate its citizens from Syria

United Nations human rights experts have asked the Australian government to repatriate 46 of its citizens from detention camps in Syria,...
  • Ten UN special rapporteurs said bringing this group -- which includes 30 children, some as young as two years old -- home to Australia was "the only legal and humane response".
  • The UN experts described the situation in the Al-Hol and Roj camps as "uncertain and sordid" for Australian citizens.

Key Libyan oil export port closed amid shutdown ‘wave’

Libya's National Oil Corporation announced Monday the closure of operations in major oil fields after staff in the key export...
  • Declaring force majeure is a legal move allowing parties to free themselves from contractual obligations when factors such as fighting make meeting them impossible.
  • Zueitina is one of the four oil terminals in the so-called "Oil Crescent" region, and its closures will prevent Libya from exporting almost a quarter of its 1.2m barrels per day.

Iran’s President Raisi warns Israel against ‘any action’

Iran's President Ebrahim Raisi warned on Monday that the armed forces would not let arch-foe Israel rest if it took...
  • "You must know that if you try to take any action against the Iranian nation... our armed forces will not leave you in peace," Raisi said, during a military parade
  • Last month, Iran's Revolutionary Guards, the military's ideological arm, said it fired a dozen ballistic missiles at a "strategic" site in Arbil

Iran says US ‘responsible for delays’ to revive nuclear deal

Iran on Monday said an agreement with world powers to revive the 2015 nuclear deal was still not in sight,...
  • Iran has been engaged in efforts to revive the Joint Comprehensive Plan of Action (JCPOA) with Britain, China, France, Germany and Russia directly, and the United States indirectly
  • Khatibzadeh on Monday blamed Washington for delays to restore the nuclear deal

Turkey launches new ‘offensive’ against Kurdish rebels in Iraq

Turkey on Monday said it has launched a new air and ground offensive against outlawed Kurdish militants in northern Iraq...
  • Defense Minister Hulusi Akar said commando units, unmanned aerial vehicles and attack helicopters were pounding Kurdistan Workers Party (PKK) hideouts
  • Designated as a terrorist group by Ankara and its Western allies, the PKK has been waging an insurgency against the Turkish state since 1984

Saudi Arabia pushed Yemen’s president to step down: report

Saudi Arabia pushed Yemen's president to step down earlier this month, and officials have confined him to his home and...
  • Journal said that Riyadh's Crown Prince Mohammed bin Salman gave Hadi a written decree delegating his powers to the council
  • Some Saudi officials had threatened to publicize what they said was evidence of Hadi's corruption in their efforts to convince him to step down

Iran says IAEA chief request to visit bombed sites suggests ‘malign intent’

Iran on Friday rejected a request by UN nuclear watchdog chief Rafael Grossi to visit facilities bombed by Israel and...

Company News

Latest News

Hawkish economic approach on China has bipartisan support in US, say analysts

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards...

Qatar to ramp up gas output with new mega field expansion

At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...

Trump notches up another win in race for Republican nomination

Trump completed a sweep of the first four major nominating contests, converting a year of blockbuster polls into a likely...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Sudan economy falls victim to war between rival generals

With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...
  • The finance ministry of Sudan recently raised the exchange rate for imports and exports from 650 Sudanese pounds to 950
  • The World Bank in September said widespread destruction has set the country's development back by several decades

US and UK launch fresh strikes against Houthis

The new wave of strikes "specifically targeted 18 Houthi targets across eight locations in Yemen" including weapons storage facilities, attack...
  • The US also carried out unilateral strikes against Houthi positions and weaponry in Yemen
  • The operation comes after several merchant vessels were struck this week in the region

Israeli negotiators to arrive in Qatar for hostage talks

According to local media reports, the country's war cabinet endorsed the decision to dispatch negotiators to Qatar to continue talks...
  • A top Israeli official said there is room to "move toward an agreement"
  • Nearly 250 hostages were taken by Hamas fighters, of whom 130 are still in Gaza