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

Pope Francis to visit crisis-hit Lebanon in June

Lebanon, home to one of the largest Christian communities in the Middle East, has been gripped by an unprecedented economic...
  • The pontiff, who has received Lebanon's president and prime minister in the Vatican in recent months, had previously promised to visit the country.
  • The last trip in 2012 saw Pope Benedict XVI visit to appeal for peace, months after the start of the civil war in neighboring Syria.

Diplomatic tussle heats up between Tunisia and Turkey

Tunisia has summoned Turkey's ambassador in protest against "interference" after President Erdogan criticized his counterpart in Tunis for dissolving the...
  • The Turkish leader had on Monday criticized Saied's latest move as a "blow to the will of the Tunisian people" and a "smear on democracy"
  • On Wednesday morning, it said Jarandi had spoken by telephone with Turkish Foreign Minister Mevlut Cavusoglu, as well as summoning Ankara's ambassador in protest

Morocco arrests four people for involvement in organ trafficking

Moroccan police have arrested four people suspected of involvement in an international drug and organ trafficking network operating in particular...
  • Authorities launched an investigation after an announcement was published on social media proposing kidney removal "in private clinics abroad for large sums of foreign currency"
  • The four suspects, including three women, were allegedly intermediaries, helping those wishing to sell their organs to go abroad, in particular to Turkey

Unhappy spouses celebrate as England adopts ‘no-fault divorce’

The change brings England and Wales into line with Scotland, which has its own legal system, and with other countries...
  • The change brings England and Wales into line with Scotland, which has its own legal system, and with other countries including the United States, Australia and Germany
  • While experts expect a rush of divorces by couples who were waiting for the legal reform, they predict it could also ironically increase rates of marriage

US to ban “all new investments” in Russia: Report

The United States, in coordination with the G7 and European Union, will ban "all" new investments in Russia on Wednesday...
  • The new sanctions "will impose significant costs on Russia and send it further down the road of economic, financial isolation."
  • The source predicted that Russia's economy would shrink by as much as 15 percent this year

Israel’s Gantz speaks with Palestinian president for Ramadan

"Ramadan must be a month of peace and quiet and not a period marked by terror," Gantz told Abbas
  • "Ramadan must be a month of peace and quiet and not a period marked by terror," Gantz told Abbas
  • A total of 11 people have been killed in attacks in Israel since March 22, including some carried out by assailants linked to the Islamic State group

World’s fossil fuel assets risk evaporating in climate fight

Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against...
  • The warning was issued in a 3,000-page report by UN experts who said fossil fuel assets must be retired and replaced with clean energy faster to mitigate financial losses.
  • Such assets will become "stranded" and worth less than expected because they may never be used since fossil fuel demand must fall in the near future to limit emissions.

A stabbing kills a cleric, wounds two others in Iran

An attacker stabbed to death an Iranian Shiite Muslim cleric Tuesday and wounded two others, one of them seriously, in...
  • The assailant and four suspected accomplices were arrested after the bloody attack in the Imam Reza shrine's courtyard, said Mohammad-Hossein Doroudi, the chief prosecutor
  • "The attacker is a foreign national," he told the Fars news agency, without specifying the country

Key Egypt activist in 2011 revolution begins hunger strike in prison

Abdel Fattah has spent the better part of the past decade behind bars, having also been arrested under former presidents...
  • Abdel Fattah was sentenced in December to five years in prison on the charges of "broadcasting false news".
  • Fattah had already been in pre-trial detention in Cairo's Tora prison since September 2019 before the sentencing.

EU plans to punish Russia more with sanctions on oil or coal

The EU is considering to hit Russia with sanctions on oil or coal over the war in Ukraine, a top...
  • The Europeans are under pressure to hit Moscow in the crucial energy sector and stop paying out the huge proceeds from gas, oil and coal
  • Since Russia's military buildup against Ukraine began, sanctions against Moscow have been coordinated with the US and its Western allies

Hezbollah hails Iran’s ‘divine victory’ over Israel

Lebanese militant group Hezbollah on Wednesday hailed what it called its ally Iran's victory over Israel after 12 days of...

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New Palestinian leaders needed after Gaza war: opposition figure

Talks are aiming to secure a ceasefire of about six weeks starting between now and Ramadan, which is expected to...

Israeli strike on MSF shelter in Gaza kills two

According to MSF, the attack killed the daughter-in-law and wife of one of their colleagues, and wounded six people, including...

Ronaldo scores as Al Nassr ease into Champions League quarters

Nassr, who won last week's first leg 1-0 thanks to a Ronaldo goal nine minutes from time, were the better...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israelis unsure of ‘absolute victory’ in Gaza, finds poll

Jerusalem - Despite Prime Minister Benjamin Netanyahu's insistence the Gaza war will end with Israel achieving "absolute victory", a majority...
  • The Israel Democracy Institute think tank said only 38.3 percent of Israelis polled believed there was a "very high" or "fairly high" likelihood of an "absolute victory" in war.
  • Some 55.3 percent of respondents conversely said there was a "fairly low" or "very low likelihood" of such an outcome. Just over six percent of the 612 respondents were undecided.

As truce talks resume in Cairo, people in Gaza suffer from hunger

Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards...
  • Combat and chaos again stalled the sporadic aid deliveries for desperate civilians in Gaza.
  • The UN World Food Program said it was forced to halt aid deliveries in north Gaza because of "complete chaos and violence".

‘It’s frightening’: YouTubers split over OpenAI’s video tool Sora

Paris, France -- US firm OpenAI debuted a tool last week that can generate highly realistic snippets of video from just...
  • OpenAI, the company behind ChatGPT, said in its announcement that Sora was not yet available to the public.
  • The announcement did not specify use cases but said "a number of visual artists, designers and filmmakers" had been chosen to help test it.