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

Saudi women drive for extra cash as costs climb

Sweeping social reforms, including lifting the infamous ban on women driving, have transformed life for many Saudis, but rising costs...
  • According to the official data, women made up more than a third of the workforce in 2021
  • Over 200,000 women in Saudi Arabia have been issued driving licenses since 2018

Tens of thousands march in climate protests across France

"When are we going to talk about it?" read a sign at demonstration in France where thousands came out to...
  • Around 80,000 protesters took to the street of France to call for more attention to the climate crisis
  • During the election campaign in France, climate crisis took up only 1.5 percent of talking points in media coverage

Ballistic missiles from outside target Arbil in Iraq

US interests and coalition troops in Iraq have regularly been targeted in rocket and armed drone attacks. They have never...
  • Kurdistan Prime Minister and US state department have condemned the attack, which did not lead to any casualty
  • A news channel channel has posted photos on social media showing its damaged offices, with a collapsed false ceiling and broken glass

Rising food prices shake North Africa as Ukraine war rages

Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.
  • Tunisia imports almost half of the wheat used to make bread from Ukraine, and authorities say it has enough supplies to last three months
  • Oil-rich Libya gets about 75 percent of its wheat from Russia and Ukraine, and Morocco too relies heavily on the same source for supplies

Russia bears down on Ukraine as talks signal progress

As Russia continues to attack cities across Ukraine in general and Kyiv in particular, talks between the two countries are...
  • Mayor Vitali Klitschko said Kyiv, described by a senior Ukrainian official as a ‘city under siege’, was reinforcing defenses and stockpiling food and medicine
  • Buses were continuing to bring refugees into the city from the hard-hit suburbs, Klitschko said in a video message, adding: ‘We will not give up’

Saudi Arabia executes 81 in a single day over terrorism

Saudi Arabia said Saturday it executed 81 people in one day on a variety of terrorism-related offenses, exceeding the total...
  • All had been "found guilty of committing multiple heinous crimes", the official Saudi Press Agency (SPA) reported
  • SPA said all those executed were tried in Saudi courts, with trials overseen by 13 judges over three separate stages for each individual

Iran mocks US failure to stop exports of oil cargo

Iran said that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject...
  • The comments by Iran's oil minister, Jawad Owji, came after US court documents showed the United States had seized the cargo of two tankers accused of carrying Iranian crude
  • The United States had previously issued a number of warrants to seize the cargo of tankers carrying Iranian oil to different countries

Volkswagen sees 2021 profits surge

The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.
  • The German automaker expects its sales to increase by 5-10 percent in 2022
  • The world's second-largest automotive group's revenue rose 12 percent last year due to 'favorable pricing'

War, inflation threaten world income

The US Federal Reserve chair has said every $10 hike in oil prices would impact growth by 0.1 percentage points...
  • S&P has cut its projection for global growth this year to 3.4 percent, a decline of 0.7 percentage points over its earlier forecast
  • Nations launched huge stimulus program to prevent their economies from crumbling after the pandemic emerged in 2020

US says it is up to Russia, Iran to revive nuclear deal

US State Department spokesman Ned Price has said the US has announced a pause on nuclear negotiation with Iran, and...
  • Vienna talk between world powers and Tehran appeared close to its goal until Russia's sudden demand on nuclear accord
  • The US said that western sanctions on Russian in response to invading Ukraine are entirely unrelated to the JCPOA

US attacks three key Iranian nuclear facilities, mega bombs likely used in strikes

Trump called on Iran to "agree to end this war," saying that "now is the time for peace." But it...

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IEA warns on plummeting oil stocks as growth in demand ebbs

"As the IEA celebrates its 50th anniversary this week, oil supply security remains as critical as ever," said the agency...

Six crew members missing after cargo ship sinks in Marmara sea

The transport ministry said an empty life boat was found during the search. "The rescue operation continues to find six...

US allies warn Israel against ‘catastrophic’ Rafah operation

The leaders of Australia, Canada and New Zealand on Thursday warned Israel against a potentially "catastrophic" ground offensive in the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Airbus profit drops 11 percent

The group plans to deliver "around 800" aircraft in 2024.
  • The group said it had received orders for 2,094 aircraft in 2023, beating a previous record dating back to 2013
  • Group revenues increased by 11 percent to 65.4 billion euros, with commercial aircraft revenues increasing 15 percent

India’s top court strikes down anonymous election funding scheme

Prime Minister Narendra Modi's party has defended electoral bonds, arguing that because the electoral bond donations are channelled through the...
  • The scheme allowed donors to give anonymously through "electoral bonds" purchased from a bank
  • Critics have condemned the campaign financing method as an opaque way to funnel "black money" to parties

Putin says prefers more ‘predictable’ Biden over Trump

Asked by a journalist who Russia would like to see win in the likely contest between the Democratic incumbent and...
  • Putin batted away questions about Biden's age and health, with the president set to turn 82 just weeks after the election
  • Trump reacted to Putin's comments at a rally in South Carolina on Wednesday evening, praising them as "a great compliment."