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

Ukraine invasion places sharp new focus on calls for UN reform

Experts say the chances of reforms will remain slim so long as the permanent members refuse to accept any dilution...
  • UN members look for major reforms, including the veto power
  • South African President said that Security Council need to 'democratized'

Elon Musk asks: ‘Is Twitter dying?’

He also called out users who are highly followed but rarely post.
  • Tesla founder Elon Musk recently disclosed that he had acquired a more-than-9-percent stake in Twitter
  • This made him Twitter’s largest shareholder, and so the social media company named him to the board

Iraq warns of threat from Syrian camp for displaced people

The Al-Hol camp for displaced people in Syria is a jihadist threat and should be dismantled, a senior Iraqi security...
  • "Each day that passes with the camp still there, hate grows and terrorism thrives," Iraq's national security adviser, Qassem al-Araji, told an international conference
  • The overcrowded camp is controlled by the autonomous Kurdish administration and lies less than 10 kilometres (six miles) from the Iraqi border

US to keep Quds Force of Iran on terror list

The United States insisted Friday on keeping the elite Quds Force of Iran's Revolutionary Guards Corps on its designated list...
  • The Guards as a whole, as well as the Quds Force in particular, were blacklisted under former US President Donald Trump
  • Tehran is demanding that the Guards be removed from the blacklist which has sparked outrage from some US politicians

Iran seizes fuel-filled boat in Gulf, arrest 11

Iran's Revolutionary Guards have seized a foreign boat smuggling fuel in the Gulf and arrested its 11 crew members, a...
  • "Naval forces have seized a foreign vessel carrying smuggled fuel in Persian Gulf waters," said Mojtaba Ghahramani, justice chief for Iran's southern Hormozgan province
  • That seizure came days after Iran announced the release of the Vietnamese-flagged MV Sothys tanker, which they had seized in October

North Sea oil project wins Israeli takeover boost

A North Sea oilfield project off Scotland's coast opposed by environmentalists and paused after energy giant Shell decided to exit...
  • Ithaca Energy, owned by Tel Aviv-listed Delek Group, announced late Thursday a deal to buy Siccar Point Energy for an initial $1.1 billion
  • The new owner added that Cambo and Rosebank "represent an opportunity for Ithaca to develop fields that will contribute significantly to the UK's energy security."

Rising prices threaten Petrobras

It is caught in a political tug of war, with the president on one side.
  • Jair Bolsonaro, the right-wing President of Brazil, is widely blamed by the public for the country's double-digit inflation and high fuel prices
  • Even as Brazil's economy recovers from the pandemic, fuel prices rose 33 percent and the war in Ukraine made the situation worse

Cryptocurrency miners in Texas going solar

The crypto-creation center would be located in west Texas and equipped with Tesla solar panels and batteries.
  • Block and Blockstream are said to have invested $6 million to produce 0.1 bitcoin per day
  • The project would be located in west Texas, aiming to make cryptocurrencies less expensive and more eco-friendly

Ukraine calls for ‘global response’ as train station attack kills 52

Russia denied being behind the missile strike, which came even as European Commission President Ursula von der Leyen and EU...
  • A missile strike killed 52 people at a train station in eastern Ukraine where civilians had gathered to flee the area fearing a Russian offensive
  • The regional government said there were five children among the deceased, while Zelensky reported at least 300 were wounded

UN seeks $80m to avert ‘imminent’ Yemen oil spill

Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month.
  • Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month
  • The UN has said an oil spill could destroy ecosystems, shut down the fishing industry and close the lifeline port of Hodeida for six months

Roblox’s Grow a Garden explodes online video game numbers

Paris, France -- A gardening game created by a teenager on online platform Roblox has attracted a record 21 million...

Company News

Latest News

Music beats the blues in Tunisian youth project

Local children and teenagers come together in the afternoon to compose and rehearse music for a creative break from their...

Israel kills two Hizbollah fighters in drone strike

A security source said that an Israeli drone shot two guided missiles at the building in Kfar Rumman, near the...

Houthi missile attack damages British-owned ship off Yemen

Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Islamophobia rises threefold in UK after Israel-Hamas conflict

"We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on...
  • Tell MAMA recorded 2,010 such cases in the four months since Hamas's deadly attack against Israel on October 7 sparked the conflict
  • Some 901 cases occurred offline while 1,109 were online and most of the offline incidents took place in the British capital London

Palestinian gunmen kill 1 Israeli, injure 8 others in occupied West Bank

The shooters were "neutralized", police said, and an AFP photographer later saw two bodies at the scene of the attack...
  • Israel's internal security service Shin Bet identified the gunmen as Mohammed Zawahrah, 26, his brother Kathim Zawahrah, 31, and Ahmed al-Wahsh, also 31
  • The attack near Maale Adumim came after two people were shot dead last Friday at a bus stop in southern Israel near the town of Kiryat Malakhi

Lloyds Group profit is $6.2bn

High interest rates benefitted the British lender and banking sector as a whole.
  • "The group delivered a robust financial performance in 2023, meeting our guidance," said chief executive Charlie Nunn
  • Banks in the UK and elsewhere are gaining from higher interest rates as central banks, including the Bank of England