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

Gulf bloc says Saudi to host Yemen talks despite rebels’ rejection

The six-nation Gulf bloc said Thursday it seeks to host discussions between Yemen's warring sides in Saudi Arabia, despite the...
  • The secretary-general of the Saudi-based Gulf Cooperation Council (GCC), Nayef al-Hajraf, told reporters discussions would be held between March 29 and April 7 in Riyadh
  • "Invitations will be sent to all and the conference will be held in attendance of those who come," he said

Amazon buys MGM studios

The online giant closed the deal for $8.45 billion.
  • Amazon's dominance in online retailing has drawn anti-monopoly scrutiny, but this buyout won approval from EU authorities
  • The deal bolsters Amazon Prime Video with some 4,000 films and 17,000 television episodes as it faces off with the likes of Netflix and Disney in a booming market

Russia strikes near Lviv airport as bombardment expands across Ukraine

Twenty-four hours after Mariupol's once-gleaming whitewashed theatre was hollowed out by a Russian strike, the number of dead, injured or...
  • Twenty-four hours after Mariupol's once-gleaming whitewashed theatre was hollowed out by a Russian strike, the number of dead, injured or trapped is still unclear
  • Ukraine's ombudswoman Lyudmyla Denisova said a bombshelter in the building had survived the impact, and some "adults and children" had emerged alive

Meta sued over scam crypto ads

The ads were for schemes apparently hailed by prominent figures.
  • Australia's consumer protection commission said it had started legal proceedings against Meta platforms for breach of consumer or securities laws
  • Meta vowed to defend itself, saying in a statement that it sought to stop scam ads by using technology to detect and block them

European Space Agency suspends joint Mars mission with Russia

A Russian-European mission to land a rover on Mars has been suspended due to the Kremlin’s invasion of Ukraine, the...
  • The head of Russia’s space agency Roscosmos, Dmitry Rogozin, called the decision a “shame”
  • He said the project “would lose several years” but that Russia would “conduct this research expedition on our own”

P&O Ferries suspends passenger and freight ships, denies bankruptcy

DP World-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy....
  • P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands.
  • The company is badly hit by fallout from COVID-19 lockdowns and travel restrictions over the last two years.

Lebanon judge arrests central bank governor Riad Salameh’s brother

A Lebanese judge on Thursday arrested the brother of Central Bank governor Riad Salameh, both of whom are suspected of...
  • Central Bank governor Riad Salameh is widely blamed for policies that have hurt Lebanon's economy, both he and his brother have also been accused of embezzling money.
  • Judge Ghada Aoun referred Raja Salameh to a judge to probe the brothers on charges of 'money laundering, embezzlement, illicit enrichment and smuggling large amounts of money'.

Ukraine conflict could cut global economic growth by one point: OECD

Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt...
  • Growth in the eurozone risked being cut by up to 1.4 percentage points, according to the OECD.
  • It also warned against the risk of a "sharp increase in poverty and hunger", particularly in developing economies.

Tunisians snub online poll on reforms as inflation and unemployment bite

The online questionnaire was launched in January, more than half a year after President Kais Saied sacked the government, froze...
  • The results are to be presented to a committee of experts -- hand-picked by Saied -- who will then draft a new constitution ahead of a referendum in July.
  • But with just days to go until the portal closes on Sunday evening, only 412,000 people -- under six percent of the seven-million-strong electorate -- had taken part.

Yemen war turns nature reserve back into waste dump

The ticket office has been abandoned at the entrance to the 19-hectare (47-acre) site in Yemen's southern city of Aden.
  • The ticket office has been abandoned at the entrance to the 19-hectare (47-acre) site in Yemen's southern city of Aden
  • What was long a haven for flamingos and other migratory birds is now swarmed by crows

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...

Company News

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EDF’s net profit is $10.8bn

EDF cut its large debt by increasing nuclear production.

Asian markets rally after Wall Street highs, oil prices slide

"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...

Recognizing Palestine state not a taboo for France, says Macron

"The recognition of a Palestinian state is not a taboo for France," he said at a joint press conference in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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5 die in Israeli-raided hospital after oxygen cut: Gaza ministry

Palestinian Territories -- The health ministry in Gaza said five patients died Friday due to lack of oxygen at one...
  • A witness, who declined to be named out of fear for their safety, said army snipers shot "at anyone who moved inside the hospital".
  • Medical charity Doctors Without Borders (MSF) said on Thursday that shelling of the hospital had forced its staff to flee, leaving patients behind.

NatWest profit soars 32%

The British bank's net profit jumped to US$5.5bn in 2023.
  • The bank said that Paul Thwaite would become permanent chief executive in the wake of boardroom turmoil
  • Thwaite takes over from Alison Rose, who resigned as CEO in July after admitting a "serious error of judgment"

Big firms with $7trn exit climate investment pressure group

Launched in 2017, Climate Action 100+ aims to work with companies to halve their greenhouse gas emissions by 2030, through...
  • JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+
  • BlackRock, the world's biggest asset manager, is also scaling back its work with the group, a spokesperson confirmed