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

UNSC to hold emergency meeting on Russia’s request

Russia on Thursday accused the United States of funding research into the development of biological weapons in Ukraine.
  • Russia on Thursday accused the United States of funding research into the development of biological weapons in Ukraine
  • Both Washington and Kyiv have denied the allegations, with the United States saying they were a sign that Moscow could soon use the weapons itself

Chinese companies threatened with delisting on Wall Street

Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or...
  • In total, some 248 companies are affected, with a market capitalization of about $2.1 trillion, according to an ad hoc committee.
  • Mainland Chinese and Hong Kong companies are notorious for not submitting their financial statements to US-approved auditors.

Israeli lawmakers reinstate controversial citizenship law

The law was passed after a fractious late night session that exposed deep fault lines in the governing coalition of...
  • The law was passed after a fractious late night session that exposed deep fault lines in the governing coalition of Prime Minister Naftali Bennett
  • Known as the "citizenship law", it reinstates a ban that was first enacted in 2003 during the second Palestinian intifada, or uprising.

UN warns of clashes in Libya as armed groups mass near Tripoli

On Thursday, the US ambassador in Libya, Richard Norland, also expressed fears over an escalation.
  • Tensions have simmered since the parliament swore in a prime minister earlier this month despite interim premier Abdulhamid Dbeibah
  • Dbeibah has refused to hand over power to Fathi Bashagha, and says he is the country's rightful steward until elections are held

Facebook allows calls for violence against ‘Russian invaders’

Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...
  • Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.
  • The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

Saudi Arabia rescued 2 US women from Houthi rebels in Yemen

The women were evacuated to the Saudi capital Riyadh, where they were met by US officials and received health checks.
  • The young women were ‘mistreated and had restrictions imposed on their movements’
  • They were visiting relatives in Sanaa, which was seized by Iran-backed Houthi rebels in 2014

After 50 years, NASA opens Moon sample

The sample in question was collected by astronauts Eugene Cernan and Harrison Schmitt in December 1972, during the Apollo 17...
  • Researchers hope to study the sample to understand what causes landslides
  • After this, NASA will have only three lunar samples that are still sealed

Bitcoin being used for money-laundering: Report

Mexican cartels are estimated to have used bitcoin to launder $25 billion a year in Mexico alone, according to a...
  • The criminals skirt a law requiring cryptocurrency platforms to notify authorities of any transaction of more than $2,830
  • They are then said to use the accounts to repeatedly buy small amounts of bitcoin online to pay associates

IMF expects to cut global growth forecast due to Ukraine war

The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...
  • Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy
  • These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said

Airlines want end to Covid restrictions for EU flights

Most countries in the EU are beginning to relax requirements to present proof of vaccination and wear masks.
  • ACI Europe represents some 500 airports in the region plus IATA, which is the top trade association for airlines
  • It noted that numerous countries were now dropping requirements to wear masks or present proof of vaccination

India will ‘never’ restore Pakistan water treaty: minister

New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the...

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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...

Cisco to cut thousands of jobs

Nearly 5% of its workforce will be hit by the cuts.

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

Most Read

Old joke: Apes also like to tease, meaning trait could be ancient

Paris, France - A boisterous young chimpanzee slaps an adult in his family on the back, then scampers away and looks...
  • The researchers catalogued a wide range of classic japery. One ape would offer another an object, only to withdraw it at the last second.
  • Much of this behavior is common in human children, starting from around eight months for the most precocious.

US private firm targets moon landing

Intuitive Machines, the Houston company, hopes to become the first non-government entity to achieve a soft touchdown on the Moon.
  • The hexagonal-shaped Nova-C lander named "Odysseus" had been set to blast off on top of a SpaceX Falcon 9 rocket from the Kennedy Space Center in Florida
  • But NASA said the launch was postponed due to "off-nominal methane temperatures prior to stepping into methane load," according to a post on social media platform X

Two children among four Lebanese killed in Israeli strikes

"A woman was killed along with her child and her stepchild in a strike that targeted Sawwaneh," while a fourth...
  • The Israeli military said Wednesday its fighter jets "began a series of strikes in Lebanon", raising fears of a war between the two countries after months of cross-border violence.
  • The strikes came hours after unclaimed rocket fire from Lebanon wounded seven people in northern Israel, five of them in the town of Safed, medics said.