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

Senior officer among five Yemen soldiers killed as bomb explodes in Aden

Some 80 percent of Yemen's population of about 30 million people depends on aid for survival, after years of a...
  • The bomb attack came just days before the seventh anniversary on March 26 of the start of a Saudi-led military coalition's intervention.
  • Aden, which is also home to a separatist movement, has been the target of several attacks claimed by the Islamic State group.

North Korea fired intercontinental missile, claim South Korea, Japan

Pyongyang has launched nearly a dozen weapon tests this year in defiance of UN sanctions. However, long-range and nuclear tests...
  • The missile was fired from Sunan, and had a range of 6,200 kilometers (3,850 miles)
  • It is said to have flown for 71 minutes and landed in Japan's territorial waters

Oil sees further gains on sanctions talk, while equities slip

The recent rally across equities over the past week appears to have run its course for now as investors nervously...
  • The recent rally across equities over the past week appears to have run its course for now as investors nervously track developments in the Ukraine war
  • All eyes are on meetings this week of NATO, where Joe Biden and other leaders are expected to discuss further punishing Moscow for the month-long invasion

Ukraine war hits VW ops

A 150-strong task force is working feverishly to keep supply flowing.
  • Volkswagen plans to use the lessons learned from Ukraine crisis as the war in country affects its production capacities
  • Leoni restarted production in Ukraine on March 2 'with extra security precautions', and Soviet bunkers are being used to keep workers safe

Hollywood grapples with Ukraine ahead of Oscars

Hollywood A-listers are rarely shy about making political statements at the Academy Awards -- despite accusations of hypocrisy.
  • Hollywood A-listers are rarely shy about making political statements at the Academy Awards -- despite accusations of hypocrisy
  • One example of Hollywood stars using their platform effectively is a GoFundMe site launched by Mila Kunis who was born in Ukraine

UN to again ‘demand’ Russia ‘immediately’ end war in Ukraine

The vote comes after 141 countries approved a previous non-binding resolution on March 2 that similarly demanded that Russia immediately...
  • Last week, Russia cancelled an earlier attempt at the resolution due to a lack of support from its closest allies
  • Russia invaded Ukraine on February 24, and has been accused of committing war crimes against civilians

Arabs denounce ‘double standard’ of Russia sports bans

Palestinian midfielder Mohamed Rashid said, 'It makes us feel like our lives are cheaper than the lives of those in...
  • In the beginning of March, the national flag of Ukraine was displayed at all English Premier League matches to show solidarity
  • FIFA and UEFA suspended Russia from all international competitions days after Moscow's invasion of Ukraine

Toshiba holds spin-off plan vote

The plan has faced opposition from key investors.
  • The ballot on the proposal to spin off Toshiba's electronic devices segment is meant to confirm support ahead of a binding resolution vote next year
  • A vote to nix the spin-off would be another setback for the engineering giant and a rare victory for activist shareholders in corporate Japan

Morocco announces over $200m in fuel aid for truckers

The package, reached after weeks of pressure including a nationwide strike by truckers demanding price controls, covers 180,000 vehicles
  • The package, reached after weeks of pressure including a nationwide strike by truckers demanding price controls, covers 180,000 vehicles
  • The aid will be available to transporters from early April, via an online portal, the government said

Morocco, Israel sign memorandum on aerospace cooperation

Morocco's industry minister and state-owned Israel Aerospace Industries signed a memorandum of understanding on Wednesday in Rabat on aerospace cooperation,...
  • The "strategic partnership" will also involve the establishment of a research and engineering centre
  • Rabat normalised ties with the Jewish state in December 2020, shortly after similar announcements by the UAE and Bahrain

Trump announces phased ceasefire to end conflict, Iran offers to halt strikes if Israel stops

The adversaries had been swapping missile fire since Israel carried out surprise "preemptive" strikes against Iran on June 13, targeting...

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Israeli forces kill two Palestinians in West Bank raid

Two Palestinian men, including one member of an armed group, were killed in an Israeli raid, in the latest surge...

West Bank situation an obstacle between Israel-Palestine peace, says EU

EU foreign policy chief Josep Borrell said the situation in the Israel-occupied West Bank posed a major obstacle to finding...

UAE seeks maximum penalty in ‘terror’ trial against 84 people

The United Arab Emirates has accused the defendants of forming a "terrorist" organization called the "Committee for Justice and Dignity"...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza

Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...
  • They were among the strongest comments yet on the Israel-Hamas conflict from the Brazilian President.
  • Brazil currently holds the rotating presidency of the G20.

Zoo lion’s Muslim name riles Hindu nationalists

Vishwa Hindu Parishad (VHP), a right-wing Hindu organization, went to court after reports a lioness named Sita had been put...
  • "Sita cannot stay with the Mughal emperor Akbar," VHP official Anup Mondal said Sunday, saying it hurt religious sentiments in the Hindu-majority nation.
  • "Such act amounts to blasphemy and is a direct assault on the religious belief of all Hindus," the VHP said in its petition to the court.

Thousands take part in pro-Palestinian march in London as police arrest 12

London, United Kingdom--Tens of thousands of pro-Palestinian protesters marched in London on Saturday, with police making 12 arrests for alleged offences...
  • Holding banners that said "ceasefire now", the demonstrators chanted "free Palestine" as they gathered at Park Lane
  • The city's Metropolitan Police said 12 people had been arrested, including two for displaying anti-Semitic placards