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

Ukraine war to ‘deeply destabilise’ food supply in Europe, Africa: Macron

“Europe and also Africa will be very deeply destabilised as regards food because of what can’t be planted right now...
  • “Europe and also Africa will be very deeply destabilised as regards food because of what can’t be planted right now in Ukraine,“ Macron told reporters
  • The French leader added that still more economic punishment would be piled on Russia if it continues its invasion of its neighbour

Deutsche Bank exits Russia

Bank’s move came in protest against Moscow's invasion of Ukraine.
  • "We condemn the Russian invasion of Ukraine in the strongest possible terms and support the German government and its allies in defending our democracy and freedom," the bank said
  • It said it had already "substantially reduced" its exposure in Russia since 2014, when Russia invaded Crimea

US seized cargo of ships allegedly carrying Iranian crude

Several weeks ago US authorities seized the oil which they said left Iran in 2020 and was then transferred to...
  • Several weeks ago US authorities seized the oil which they said left Iran in 2020 and was then transferred to other vessels using surreptitious means.
  • The court case was made public only recently, after the oil was resold for between $38 million and $45 million

Libya armed groups step back after Tripoli escalation

Libya has had rival administrations since the eastern-based assembly swore in a prime minister earlier this month in a challenge...
  • Libya has been riven by conflict since the 2011 revolt that toppled dictator Moamer Gadhafi
  • It has had two rival governments before: from 2014 till Abdulhamid Dbeibah was sworn in last year

UN dismisses Russia claim of Ukraine-US bioweapons

Russia called a meeting of the 15-member Security Council to repeat its previously made, unsubstantiated claims that Ukraine, with US...
  • Washington and Kyiv have denied the existence of laboratories intended to produce biological weapons in Ukraine
  • Linda Thomas-Greenfield, the US' envoy to the UN, accused Russia of requesting the meeting jut so it could spread disinformation’

Druze pop star seeks to bridge Palestinian, Israeli divide

Nicknamed “the Druze prodigy” after winning a TV competition aged 12, Sharif — now in his 40s — rose to...
  • Nicknamed “the Druze prodigy” after winning a TV competition aged 12, Sharif — now in his 40s — rose to fame with his Mizrahi (Eastern) pop songs in the 1990s in Israel
  • The Druze, an Arabic-speaking minority offshoot of Shiite Islam, number around 140,000 in Israel and the occupied Golan Heights

Rights groups want Tunisia to revoke freedom-choking draft law

The leaked draft law could permit authorities to dissolve civil society groups at will without going through the courts.
  • A total 13 groups, which includes major organizations like Amnesty International and Human Rights Watch, oppose the draft.
  • Draft laws in the North African country no longer go through parliament since its President suspended the legislature last year.

Why is WHO peeved over Mar 11 Covid anniversary?

The organization says the real alarm came six years earlier March 11, 2020 but "few people bothered to sit up...
  • The once-in-a-century pandemic has turned the world upside down, claiming more than six million lives.
  • The WHO declared a public health emergency of international concern (PHEIC) -- the highest level of alarm in the global health regulations -- on January 30, 2020.

Saudi World Defence Show sees tensions between Russia, Ukraine

Maxim Potemkov, sales director of one of the exhibiting Ukrainian companies, said there was a wall of silence between the...
  • Russian military hardware at the World Defence Show in Riyadh this week far outstripped the display at the Ukrainian pavilion.
  • The number of staff at the Ukrainian pavilion was severely diminished by the war, which broke out two weeks ago.

Saudi Arabian oil refinery hit by Yemen rebel drone attack

Saudi energy ministry said the pre-dawn attack on the refinery in Riyadh caused a small fire that was brought under...
  • The attack did not result in any injury or death, nor was the supply of oil or its derivatives affected, the ministry said.
  • The Houthis said they fired three drones at the Aramco refinery and six more at the oil giant's facilities in the southwestern cities of Jizan and Abha.

Iran-Israel war must not become refugee crisis: United Nations

UNHCR, the UN's refugee agency, said the intensity of the attacks between the two sides was already triggering population movements...

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Starlink satellites approved for use in Israel and Gaza

Access to reliable, high-speed internet will "enable potentially life-saving medical consultations via real-time video calling," UAE Foreign Ministry spokesperson Afra...

Airbus profit drops 11 percent

The group plans to deliver "around 800" aircraft in 2024.

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Cisco to cut thousands of jobs

Nearly 5% of its workforce will be hit by the cuts.
  • According to several experts, job cuts can become a new trend for Silicon Valley in a big pivot to artificial intelligence
  • It posted a revenue of $12.8bn in the quarter ending in late January, down 6% from the same quarter a year earlier

Global LNG demand to rise more than 50 percent by 2040: Shell

"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...
  • Steve Hill, executive vice president for Shell Energy, said China was likely to dominate LNG demand growth in the current decade
  • Industry and many governments argue that LNG is a "bridge fuel" between coal and renewables such as wind and solar

Macron tells Netanyahu Israeli operations in Gaza ‘must cease’

In a telephone call that saw Macron toughen his tone, the French leader expressed France's "firm opposition" to an Israeli...
  • WHO says Gaza hospitals completely overwhelmed and Israel approves fewer than half of its aid-delivery requests.
  • Spain and Ireland ask European Union to urgently examine whether Israel is complying with its human rights obligations in Gaza.