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

Zohran Mamdani stuns political veteran in NYC mayoral primary

New York City Democrats chose 33-year-old Muslim socialist Zohran Mamdani as their mayoral candidate in Tuesday's elections, stunning his opponent,...

Morocco seeks to impose solution in Western Sahara conflict

Earlier this month, Spain dramatically reversed decades of policy, backing Rabat’s 2007 ‘autonomy’ plan in what Moroccans hailed as a...
  • Morocco and the Polisario Front, the independent movement backed by Algeria, have been locked in a struggle over Western Sahara
  • King Mohammed even declared in November that ‘Moroccan sovereignty over Western Sahara will never be up for negotiation’

FB bug pushed problematic posts

FB said the bug affected ‘only a very small number of views’ of content.
  • The bug was serious enough for a group of Facebook employees to draft an internal report referring to a ‘massive ranking failure’ of content, reports said
  • In October, the employees noticed that some content which had been marked as questionable was nevertheless being favored by the algorithm

FIFA heads for $7 billion revenues on the back of Qatar World Cup

FIFA is on target to reap record revenues of seven billion dollars on the back of this year's Qatar World...
  • The governing body has seen revenues from television, sponsors and marketing take off despite past scandals and the coronavirus pandemic.
  • FIFA said in its accounts that it expects "television broadcasting rights to have set a new record" by the time of the World Cup final on December 18.

OPEC+ sticks to modest oil output increase despite Western pressure

The 13 members of the Saudi-led OPEC and 10 countries spearheaded by Russia backed an increase of 432,000 barrels per...
  • While OPEC refused to budge, the United States said it would tap its strategic stockpile by a record amount in a bid to cool soaring prices.
  • Berlin and the International Energy Agency, which advises developed countries, have also urged producers to boost production to bring relief to the market.

Houthis ‘regret’ Saudi lack of clear reaction to ceasefire offer

Yemen's Houthi rebels said Wednesday that they "regret" that Saudi Arabia has not given a "clear" reaction to their ceasefire...
  • The Houthi rebels had announced on Saturday a three-day truce with the Saudi-led coalition
  • The Saudi-led coalition intervened in Yemen in 2015 to prop up the internationally recognized government after the Iran-backed Houthis seized the capital Sanaa the year before

Fighting rages in Ukraine, US says Putin being ‘misled’

Citing US intelligence, White House Communications Director Kate Bedingfield said "he felt misled by the Russian military."
  • Citing US intelligence, White House Communications Director Kate Bedingfield said "he felt misled by the Russian military."
  • A US official, speaking on condition of anonymity, described "persistent tension" between Putin and military staff, with Putin now having "mistrust" in his generals

Saudi hosts talks on Yemen war, but without Houthi rebels

Ahmed Al-Emad, a spokesman for the rebels' foreign ministry said that the recent meeting on Yemen conflict held in Riyadh...
  • Ahmed Al-Emad, a spokesman for the rebels' foreign ministry said that the recent meeting on Yemen conflict held in Riyadh "has nothing to do with the issue of peace."
  • Saudi-led military coalition has announced that it would cease military operations in Yemen during Ramadan

UK spy chief says Putin advisors fear telling truth on Ukraine

White House statement say that Putin was being "misinformed" by his advisors about the progress of the Russian operation.
  • Britain's intelligence agency GCHQ Jeremy Fleming said Putin had underestimated the Ukraine resistance
  • Intelligence services of Britain detected a "sustained intent from Russia to disrupt Ukrainian government and military systems"

Ukraine war has ‘deadly’ impact on Arab region: US top diplomat

Russia's invasion of Ukraine is having a "deadly" impact in the Arab world, particularly through spiralling wheat prices, US Secretary...
  • Import-dependent North African countries face what Blinken described as a "disaster" as the war in Ukraine sends shock-waves through global wheat and fuel markets
  • Both Russia and Ukraine are major wheat producers, while Moscow is a major global supplier of oil and gas

Tunisia president dissolves parliament, extending power grab

Saied made the announcement at a meeting of the National Security Council, hours after parliamentarians voted through a bill against...
  • Saied made the announcement at a meeting of the National Security Council, hours after parliamentarians voted through a bill against "exceptional measures" taken by him last year
  • The president denounced parliament's move as a "coup attempt" and said those responsible had "betrayed" the nation

Zohran Mamdani stuns political veteran in NYC mayoral primary

New York City Democrats chose 33-year-old Muslim socialist Zohran Mamdani as their mayoral candidate in Tuesday's elections, stunning his opponent,...

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What to know about the NASA-funded commercial Moon fleet

Washington, United States - The year 2024 promises to be a busy one for American Moon landings, all under a new...

Dutch court upholds $50bn payment award in Yukos case

THE HAGUE, NETHERLANDS -  A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

UN pauses aid in Gaza after food convoy attacked and looted

The World Food Program (WFP) resumed deliveries on Sunday after a three-week halt but its convoy "faced complete chaos and...
  • UN's World Food Program said it was forced to pause the deliveries "until conditions are in place that allow for safe distributions".
  • It added that it was not a decision taken lightly because it "means the situation there will deteriorate further and more people risk dying of hunger".

Global operation smashes ‘most harmful cyber crime group’

LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
  • LockBit and its affiliates have targeted governments, major companies, schools and hospitals, causing billions of dollars of damage.
  • LockBit's website -- selling services that allow people to organize cyber attacks and hold data until a ransom is paid appears -- was taken over.

World needs ‘trillions’ for climate action: COP28 president

Paris, France -- The world needs "trillions" of dollars to spur on the green transition and tackle global warming, the head...
  • Sultan Al Jaber, who is also chief of the UAE's national oil company ADNOC, said finance was "the key enabler of positive change at the speed and scale" needed.
  • "But not normal scale finance -- we need finance at every level," he said, at an event in Paris organized by the International Energy Agency (IEA).