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

Pro-Palestinian protest leader details 104 days spent in US custody

Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...

More than 30 NGOs slam Tunisia economic crimes amnesty

"The criminal reconciliation decree feeds impunity and hides the truth," 34 organizations said in a joint statement.
  • Tunisian President Kais Saied has put money-laundering crimes including theft of public funds
  • The criminal reconciliation decree do not jail the offender but allows for the 'payment of sums of money'

Israeli leaders visit Jordan to seek calm ahead of Ramadan

Jordan king called on Gantz to "lift all obstacles that could prevent (Muslims) from performing prayers" at Al-Aqsa.
  • Jordan king called on Gantz to "lift all obstacles that could prevent (Muslims) from performing prayers" at Al-Aqsa
  • Israeli President Isaac Herzog is also due to visit Amman on Wednesday

UAE stun South Korea to earn World Cup playoff with Australia

Although they were allowed only a miserly 23 percent ball possession, the Emiratis managed to sneak a goal through the...
  • South Korea and Iran had already made the cut directly from Group A in the final round of qualifying
  • This left the UAE and Iraq in a crunch battle to clinch the third spot to earn the right to meet Australia

Blinken in Morocco for security talks, meets UAE leader

Blinken also said he was "encouraging partners to speak out against Russian aggression" and said he doubted Russia's "seriousness" in...
  • Blinken also said he was "encouraging partners to speak out against Russian aggression" and said he doubted Russia's "seriousness" in talks with Ukraine held in Turkey
  • Washington's top diplomat had flown into Rabat late Monday from Israel where he met his counterparts from the UAE, Morocco, Bahrain and Egypt

Saudi-led coalition announces Yemen ceasefire amid peace talks

The Saudi-led coalition backing the Yemeni government against Huthi rebels in Yemen's conflict Tuesday announced a ceasefire from Wednesday morning...
  • The coalition's announcement comes after an official told AFP that Saudi Arabia was waiting for "serious steps" from Yemen's rebels on a potential prisoner swap
  • On Sunday, the Huthis said an agreement had been reached to free 1,400 of their fighters in exchange for 823 pro-government personnel, including 16 Saudis

Qatar to invest $5bn in Egypt, with an eye on offshore gas

The move is being seen as another sign of a growing rapprochement between the two countries following last year's restoration...
  • A Cairo statement said Qatar was to plough $5 billion in ‘investments and partnerships’ in Egypt, but did not give specifics
  • However, QatarEnergy announced an agreement with ExxonMobil to acquire a 40% interest in a gas exploration block off Egypt

Bolsonaro removes Petrobras president after surge in fuel price

Brazilian President Jair Bolsonaro decided on Monday to replace the president of state-owned oil giant Petrobras, Joaquim Silva e Luna,...
  • In early March, Petrobras upped the price of gas by 18.8 percent and diesel by 24.9 percent
  • The ultra-right-wing Brazilian president has long criticized the pricing policy of Petrobras

Nairobi to host next biodiversity meeting in June to save nature

Countries have proposed to hold an extra biodiversity meeting in Nairobi in June as talks in Geneva tasked with saving...
  • The meeting could take place between June 21 and 26 later this year in Nairobi, the Kenyan capital
  • Holding the meeting is subject to official approval by the Geneva meeting before it wraps up later Tuesday

Saudi minister says oil volatility would be worse without OPEC+

Volatility on oil markets sparked by Russia's invasion of Ukraine would be worse without OPEC+, the Saudi energy minister said...
  • Oil shot up to nearly $140 on supply fears after Russia sent troops into its neighbor on February 24, and the price of crude is still trading at well over $100 a barrel
  • The 13-member, Saudi-led Organization of the Petroleum Exporting Countries (OPEC) has so far resisted calls to lift production further following the Russian invasion of Ukraine

Iran says Houthi ceasefire plan can end Yemen conflict

Iran offered its support on Tuesday for a ceasefire plan put forward by rebels it backs in Yemen's war, saying...
  • The Houthi rebels on Saturday announced the proposal and offered peace talks on condition Saudi Arabia stops its air strikes and blockade of Yemen and removes "foreign forces"
  • On Tuesday, Iran's foreign ministry spokesman Saeed Khatibzadeh said the Houthi "plan contained a strong message of determination to end the war"

US intel says Iran nuclear sites not destroyed, only set back by a few months

Trump rejected that claim on Tuesday, posting on his Truth Social account that “the nuclear sites in Iran are completely...

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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...

Wind-powered Dutch chemical tanker sets sail for greener future

Rotterdam, Netherlands - The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping...

Israeli apartheid against Palestinians worse than in S.Africa: Pretoria

"We as South Africans sense, see, hear and feel to our core the inhumane discriminatory policies and practices of the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US vetoes Security Council vote on Gaza ceasefire, pushes alternative

The resolution, which Algeria had been working on for three weeks, had demanded "an immediate humanitarian ceasefire that must be...
  • The vote came as Israel prepares to move into the southern Gaza Strip city of Rafah, where some 1.4 million people have fled.
  • However, Israel is facing increased pressure to hold off, including from its closest ally the United States.

26 EU states demand ‘immediate’ halt in Gaza fighting: Borrell

The European Union has struggled for a united response on Israel's military operation following the October 7 attack by Hamas....
  • EU countries also reiterated their calls for Israel not to launch an assault on the Gaza city of Rafah, which has become the main shelter zone in the stricken territory.
  • Israel has warned that, unless Hamas frees all hostages, it will push on with its offensive during the Muslim holy month of Ramadan, including in Rafah

China cuts key mortgage rate to boost economy

China last year recorded one of its worst annual growth rates since 1990, dampening hopes for a rapid economic recovery...
  • China has struggled to kickstart growth as it battles a prolonged property sector downturn, soaring youth unemployment and a global slowdown
  • The five-year loan prime rate (LPR) was lowered from 4.2 to 3.95 percent, the People's Bank of China announced, in the first cut since June