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

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...

Geostrategy

Japan’s high-tech sunscreens tap into skincare craze

Tokyo, Japan -- When YouTuber Hannah Price set out to compare Japanese and Australian sunscreen, she wasn't expecting her deep...

Business
Geostrategy

Biden tells US businesses to ‘harden’ defenses against Russia cyber threat

Biden cited "evolving intelligence that the Russian government is exploring options for potential cyberattacks."
  • Biden cited "evolving intelligence that the Russian government is exploring options for potential cyberattacks."
  • Biden said the US government would "continue to use every tool to deter, disrupt, and if necessary, respond to cyberattacks against critical infrastructure."
Economy

In fair phase-out of oil, gas-rich nations should stop first: Report

For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP...
  • The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming ‘well below’ 2C, and 1.5C if possible
  • A torrent of research since 2015 has confirmed that the lower aspirational target is by far a safer threshold
Geostrategy

Zelensky rules out surrender, presses Putin for talks

"Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."
  • "Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."
  • Moscow has meanwhile ramped up its air and sea operations, flying 300 sorties in the past 24 hours
Geostrategy

Oil prices soar on Saudi, Russian supply fears

Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian...
  • At a meeting Monday, EU nations remained split over banning Russian energy imports, with Germany, reluctant given its huge reliance on Russian gas.
  • Kremlin spokesman Dmitry Peskov warned that an oil embargo "is a decision that will hit everyone."
Business

Nike posts $1.4b quarterly profit

Strong pricing helps company offset lower China sales
  • The apparel and sneaker company scored increased sales in three of its four operating regions, led by Asia Pacific/Latin America and North America
  • Nike said its gross profit margin increased from the same period of last year due to more full-priced sales, partly offset by elevated freight and logistics costs
Business

Russia warns embargo on its oil imports will impact everyone

An embargo on Russian oil imports, pushed for by some European countries over Moscow's military action in Ukraine, would have...
  • Some EU countries including Baltic states have called for an embargo on Russian oil and gas
  • EU foreign ministers on Monday are meeting to discuss the situation in Ukraine
Geostrategy

Untapped groundwater offers ‘vast potential’: UNESCO report

UNESCO stated that about 99 percent of all of the liquid groundwater on Earth is groundwater, although the resource is...
  • Water consumption is expected to increase by one percent annually over the next 30 years, UNESCO said, driven by population growth and demand from industry and agriculture.
  • Groundwater currently constitutes about 50 percent of the water withdrawn for domestic use worldwide, and 25 percent of the volume used for irrigation.
Geostrategy

Lebanon central bank chief charged with enrichment, money laundering

A Lebanese judge Monday charged central bank chief Riad Salameh with "illicit enrichment" and money laundering after he failed to...
  • Central Bank chief Riad Salameh's brother Raja was charged with "facilitating money laundering" after he was arrested last week over financial misconduct.
  • The judge is overseeing several legal cases against the central bank governor, who has repeatedly failed to show up at hearings.

Tunisia train accident leaves nearly 100 passengers injured

A head-on collision between two passenger trains injured 95 people on Monday morning in the south of the Tunisian capital,...
  • Most of the injured suffered bruises or fractures, none of them life-threatening, sources confirmed
  • Between 2017 and 2021, the country saw 173 train accidents which killed 229 people and injured 345
Business

Saudi Arabia warns of ‘direct threat’ to global supplies from attacks

Top crude exporter Saudi Arabia warned Monday that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat"...
  • Saudi Arabia "will not incur any responsibility" for shortages in oil supplies in light of the Iran-backed Houthi attacks, the foreign ministry said in a statement
  • The statement comes a day after the kingdom acknowledged a temporary drop in production after the Houthis attacked a refinery with an armed drone

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
Geostrategy

Company News

Latest News

US threatens to block new UN Security Council vote on Gaza

Algeria has requested a UN Security Council vote on Tuesday, but Washington signaled it is likely to veto the measure....
Geostrategy

Afghanistan special envoys to meet in Doha

The UN has extended an invitation to the Taliban authorities to participate in the Doha convention, following their exclusion from...
Geostrategy

Prospects for Gaza truce ebb as Israel prepares to storm Rafah

Truce efforts intensified this week as Qatar and fellow mediators Egypt and the US scrambled to secure a ceasefire before...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents

BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...
  • A lawyer for the company said that the legal action was "unlawful" and that they would seek to have the charges thrown out.
  • The Beirut judge has decided to prosecute "four senior Nissan officials" of Japanese, Spanish, French and British nationalities.
Geostrategy

Iran unveils air defense systems amid rise in Middle East tensions

Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle...
  • "The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," local reports said.
  • The unveiling of the new weapons comes at a time of heightened regional tensions with the war between Israel and Tehran-backed Hamas raging into a fifth month.
Geostrategy

Hamas chief says group seeks complete truce in Gaza

Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a...
  • In a statement issued on Saturday, Qatar-based Haniyeh reiterated the group's several demands, including an end to fighting in Gaza.
  • Haniyeh insisted that those displaced from the north be returned to their areas in the territory and also called for the release of Hamas prisoners.