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

Tunisians protest against President on Independence Day

More than 2,000 Tunisians rallied on Sunday, the country's Independence Day, against President Kais Saied and a project he launched...
  • Protesters in the capital shouted "the people want to overthrow the president" and "no to consultations"
  • Many of the demonstrators were people who had voted for Saied, among them blogger and rights activist Mounira Bouazizi

Houthi drone attack causes ‘temporary reduction’ in Saudi oil

Top crude exporter Saudi Arabia announced a "temporary reduction" in oil output at a facility run by energy giant Aramco...
  • The Iran-backed Houthis, against whom Saudi Arabia leads a military coalition in Yemen, have repeatedly targeted the kingdom, including Aramco's sites
  • The latest round of attacks comes after an oil refinery in the Saudi capital Riyadh was targeted on March 10 by a drone, an operation claimed by the Huthis

Five ancient tombs discovered in Egypt’s Saqqara

In January 2021, Egypt unveiled ancient treasures found at Saqqara, including more than 50 wooden sarcophagi dating back to the...
  • Saqqara is a vast necropolis of the ancient Egyptian capital Memphis, a UNESCO World Heritage Site home to more than a dozen pyramids and animal burial sites.
  • The Ministry of Tourism and Antiquities said one of the tombs belonged to a top official named Iry. A limestone sarcophagus and colorful decorations were found in the tomb.

Thousands of mourners take part in rabbi’s funeral in Israel

An estimated three quarters of a million ultra-Orthodox Jews attended the funeral Sunday of influential rabbi Chaim Kanievsky, known to...
  • The streets of Bnei Brak near Tel Aviv were packed with a sea of men and boys in black suits mourning for the Belarusian-born preacher who died Friday
  • A separate women's section was created in the streets of Bnei Brak for the funeral which is billed as one of the largest ever gatherings in "Israeli history"

UAE paves way for the return of Bashar al-Assad to Arab fold

A surprise visit by Syria's Bashar al-Assad to the oil-rich United Arab Emirates opens the door to his isolated regime's...
  • Assad and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan discussed the "fraternal relations" between the two countries
  • In recent years Abu Dhabi has led an Arab overture to Damascus as the Assad regime has consolidated power

Women bear brunt of domestic violence in Iraqi Kurdistan

A woman burned alive by her husband, others shot dead by a father or a teenage brother -- bloody violence...
  • The autonomous area, keen on projecting an image of a relative haven of stability and tolerance in war-battered Iraq, has seen a sharp rise in femicide
  • Across Iraq, gender-based violence rose 125 percent to over 22,000 cases between 2020 and 2021, says the UN children's agency UNICEF

Hit by sanctions, many Afghans find a savior in cryptocurrency

In the middle of a bazaar in western Afghanistan, Arezo Akrimi takes out her smartphone and, after a few taps...
  • Afghanistan's economy has virtually collapsed and the country is in the grip of a crisis caused by the seizure of billions of dollars of assets held abroad.
  • But digital currencies and their decentralized architecture, impervious to international sanctions, are allowing a handful of young Afghans to avoid the worst of the crisis.

Aramco profits doubled in 2021

The rise was due to crude prices, as the global economy recovered.
  • Aramco's net income increased by 124 percent to $110 billion in 2021, compared to $49 billion in 2020
  • It had achieved a net income of $88.2 billion in 2019 before the coronavirus pandemic hit global markets

More sanctions: Australia bans alumina and bauxite exports to Russia

Australia announced more sanctions against Russia over the invasion of Ukraine Sunday, immediately banning all exports of alumina and bauxite...
  • The export ban aims to impact aluminum production in Russia, which relies on Australia for 20 percent of its alumina.
  • Australia would donate 70,000 tons of thermal coal to Ukraine, following a request from the besieged nation.

Tunisian eco pioneer battle to save Sahara Oasis life

The French-Tunisian setup includes the "Palm Lab," where engineers, architects and artists discuss how to conserve the oasis of agriculture.
  • American Kevin Klay has been selling Date Sugar with a main market in US since 2018 and it is made through the waste of Dates
  • The drip irrigation technology of ecology project make investors and farmers want to reinvest in the oasis

Netanyahu says returning Gaza hostages will take ‘a bit more time’

Israeli Prime Minister Benjamin Netanyahu on Sunday insisted gains in the conflict against Iran would help with the country's war...

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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...

UNRWA chief says Israel wants to destroy agency

Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian...

Pakistan official admits being part of election rigging

Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Tech giants sign pact against AI-made political deepfakes

Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...
  • Among the 20 signatories of the deal, presented on the sidelines of the Munich Security Conference in Germany, were also X, as well as Snap, Adobe and Linkedin
  • The tech companies also said they would also work together to develop ways to "detect and address" deceptive election material on their platforms

WTO chief insists global trade body still counts

WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...
  • World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce
  • WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

Coups, conflicts and crises confront African summit

Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head Moussa Faki Mahamat voiced alarm at...
  • Gabon and Niger will be absent from the summit following their suspension over coups last year -- joining Mali, Guinea, Sudan and Burkina Faso, which are also barred
  • Beyond Africa, the Israel-Hamas conflict in Gaza is a hot topic, with African Union Commission head Moussa Faki Mahamat describing it as a "war of extermination."