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

Promote bicycles to combat climate change: UN

It calls on member states to "integrate the bicycle into public transportation, in urban and rural settings in developing and...
  • The resolution, proposed by Turkmenistan, was passed unanimously and like all General Assembly resolutions is non-binding.
  • The resolution encourages member states to "give special attention to cycling in cross-cutting development strategies, including bicycle sharing services,"

Uncertainty for Russian tourists in Turkey hotspot as war rages

Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had...
  • Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had their insurance policies cancelled
  • Some Turkish holiday operators have cited the impact of Western sanctions when cancelling the plans of their Russian clients

British PM meets Saudi Crown Prince to plead for oil

British Prime Minister Boris Johnson met with oil-rich Saudi Arabia's Crown Prince Mohammed bin Salman to lobby for higher production...
  • "It's not just a question of looking at the OPEC countries and what they can do to increase supply, though that is important," Johnson told British media
  • Saudi Arabia and the UAE, which are two of the world's biggest oil exporters have so far avoided taking a position against Russia.

Slovakia approves NATO deployment on Ukraine’s doorstep

Ninety-six out of 134 lawmakers present voted in favour of the move on Tuesday, while 15 voted against. .
  • Ninety-six out of 134 lawmakers present voted in favour of the move on Tuesday, while 15 voted against
  • The force would initially be some 1,200 troops from the Czech Republic, Germany, the Netherlands, the United States, Poland and Slovenia

Fed set to raise interest rates to rein in inflation

The Federal Reserve will have to walk a tightrope to ensure its efforts don't derail the recovery from the Covid-19...
  • The Federal Reserve will have to walk a tightrope to ensure its efforts don't derail the recovery from the Covid-19 pandemic
  • Russia's invasion of Ukraine has introduced new uncertainty in an economy battered by supply chain snarls and labor shortages

Warsaw seeks NATO ‘peace mission’ to help Ukraine

Polish Prime Minister Mateusz Morawiecki again called on the EU to "very quickly give Ukraine candidate status".
  • Polish Prime Minister Mateusz Morawiecki again called on the EU to "very quickly give Ukraine candidate status."
  • Ukraine's deputy PM has praised "the courage of the true friends of Ukraine" as the Prime Ministers of three countries arrive to show support

Biden to assert ‘iron-clad commitment’ on NATO trip

US president will travel to Brussels to attend an EU summit to discuss Russia's invasion of Ukraine.
  • US president will travel to Brussels to attend an EU summit to discuss Russia's invasion of Ukraine
  • NATO chief said that Russia would have "a high price to pay" if it carried out a chemical attack in Ukraine

Hamas faces risk, opportunity from warming Israel-Turkey ties

Hamas condemned Turkey's decision to welcome "the Zionist occupation president" as Erdogan revives relation with Israel.
  • Hamas condemned Turkey's decision to welcome "the Zionist occupation president" as Erdogan revives relation with Israel
  • Ties between Turkey and Israel were frozen since 2010 as 10 Turkish civilians were killed in an Israel raid when they were carrying aid into Gaza

Oil prices plunge on China lockdowns, stocks diverge

Oil prices plunged on Tuesday as China, a major energy consumer, placed nearly 30 million people under COVID lockdown, and...
  • China reported 5,280 new COVID-19 cases on Tuesday, more than double the previous day's tally
  • "China oil demand risk is real," Dickson said, adding that a strengthening dollar also pressures crude prices since oil is traded in dollars

German WWII ghosts loom large in Ukraine crisis

World War II still looms large in Germans' living memory and public discourse, shaping the perception of the Ukraine invasion.
  • World War II still looms large in Germans' living memory and public discourse, shaping the perception of the Ukraine invasion
  • Germans have reacted with outrage at Vladimir Putin's attempts to frame the war as a struggle against "neo-Nazi" aggressors plotting "genocide" on Russia's doorstep

Risk of wider conflict flare up as US claims strikes ‘devastated’ Iran’s nuclear program

Iranian Foreign Minister Abbas Araghchi told reporters in Istanbul the United States and Israel had "crossed a very big red...

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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...

A royal decree dissolves Kuwait parliament as political wrangling persists

Kuwait City, Kuwait--Kuwait dissolved parliament on Thursday after a protracted stalemate between cabinet ministers and lawmakers dragged on despite the accession...

In Egypt, Brazil’s president denounces Israel’s Gaza war

Speaking before an Arab League meeting in Cairo, President Luiz Inacio Lula da Silva, on his second trip to Egypt...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Record number of West Bank outposts set up in 2023, says Israel NGO

Jerusalem - Israeli settlers established a record number of wildcat outposts in the occupied West Bank in 2023, a watchdog...
  • Twenty-six settlements not recognized by the Israeli government were established last year, including around 10 since the war in the Gaza Strip broke out.
  • Peace Now said 2023 saw the highest number of wildcat outposts -- those established without the approval of the Israeli authorities -- since it began in 1996.

Indian PM Modi seeks enhancing of ties in Qatar visit

Doha, Qatar - Indian Prime Minister Narendra Modi on Thursday committed to strengthening ties with Qatar during his first visit to...
  • The visit follows the release earlier this month of eight Indian ex-navy personnel arrested by Qatar and sentenced to death, according to India's foreign ministry.
  • The premier also thanked Sheikh Tamim bin Hamad Al-Thani for hosting the 800,000-strong Indian community in the tiny Gulf state.

Hizbollah commander among 10 dead in Israeli strike on Lebanon

BEIRUT, LEBANON -  A Hizbollah commander, two other fighters and seven civilians were killed in an Israeli strike in south Lebanon,...
  • The same Hizbollah commander had previously been targeted and wounded in an Israeli strike in the southern Lebanon town of Nabatiyeh a week earlier.
  • Ali al-Debs and the other two fighters were killed Wednesday night by an IDF aircraft on a Hizbollah military structure in Nabat, the Israeli military said.