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

Russia, Ukraine fail to make progress at ‘difficult’ Turkey talks

Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire and other humanitarian issues at the first...
  • Kuleba said "no progress" had been achieved on even a 24-hour ceasefire, expressing frustration that "it seems that there are other decision-makers for this matter in Russia."
  • He also repeated his vow that the country will not give in, saying "I want to repeat that Ukraine has not surrendered, does not surrender, and will not surrender."

Egypt inflation hits 10 percent as Ukraine impact pushes food prices up

Egypt's inflation rate hit 10 percent in February, official figures showed Thursday, as the country heavily reliant on wheat imports...
  • The country, heavily reliant on wheat imports from Russia and Ukraine, braces for the full impact of their war.
  • CAPMAS attributed the latest hike to a surge in prices of food especially vegetables, bread and grain.

Iran says US made ‘new demands’ in nuclear talks

Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return...
  • Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic programme
  • Iran's supreme leader Ayatollah Ali Khamenei, who has the final say in major state policies, meanwhile, stressed his country will not give up on elements of "national strength"

UAE reaffirms commitment to OPEC+ pact, production adjustments

The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it...
  • A surge in prices and supply fears following Russia's invasion of Ukraine have led to calls for the Organization of the Petroleum Exporting Countries to increase output.
  • The OPEC+ group plans to boost production by just 400,000 barrels a day in April, the same pace as in recent months.

The Bukhatir Group of UAE revives Tunisia $5bn construction project

The Bukhatir Group of the United Arab Emirates announced Thursday the relaunch of a $5 billion real-estate project in Tunisia,...
  • Known as the "Tunis Sports City," the venture has been on hold for 15 years, due in large part to the 2008 global financial crisis and Tunisia's 2011 Arab Spring protests
  • The ambitious project will involve the construction of a golf course, sports academies, hotels and luxury villas in a lakeside northern suburb of the Tunisian capital, Tunis

UN tribunal convicts two in 2005 killing of former Lebanon PM Hariri

A UN-backed tribunal on Thursday found two Hezbollah members guilty on appeal for the 2005 death of former Lebanese prime...
  • Appeals judges at the Netherlands-based court said trial judges "erred" in 2020 by acquitting the two men---Hassan Habib Merhi and Hussein Oneissi.
  • Hassan Nasrallah, the head of the Hezbollah movement, refused to hand over any of the suspects or to recognize the UN-backed court.

Iran blames US for working to ‘complicate’ nuclear talks

Iran on Thursday accused the United States of working to "complicate" efforts to restore a 2015 nuclear deal, after new...
  • It came on the day Iran's supreme leader Ayatollah Ali Khamenei stressed that his country will not give up on elements of "national strength"
  • Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic program

What would be the impact of a US “digital dollar”?

It would still be a dollar issued by the US Federal Reserve central bank, like all US bills and coins...
  • It would still be a dollar issued by the US Federal Reserve central bank, like all US bills and coins used now, but in a digital form
  • At the same time, the digital dollar would be worth the same as its paper counterpart, a divergence from cryptocurrencies which currently have highly volatile valuations

Brent oil rebounds 5 percent from slump as hopes of supplies rise

European benchmark Brent North Sea crude climbed 5.1 percent to $116.80 per barrel in morning deals. New York's WTI contract...
  • Brent tumbled as low as $105.60, having hit a peak of $139 just two days before, as the Ukraine crisis continues to send shockwaves through markets.
  • The UAE said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output.

Russia accuses US of funding biological weapons research in Ukraine

Russia on Thursday accused the US of funding research into the development of biological weapons in Ukraine, as Moscow stepped...
  • Russian defense ministry said that "the purpose of this was to establish a mechanism for the stealthy spread of deadly pathogens
  • Both Washington and Kyiv have denied the existence of laboratories intended to produce biological weapons in the country

Tens of thousands join pro-Palestinian marches across Europe

Protesters in the British capital waved Palestinian flags, donned keffiyeh scarves and carried signs including "Stop arming Israel" and "No...

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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...

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...

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

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Erdogan’s Egypt visit aimed at rapprochement with al-Sisi

Turkey and Egypt cut ties in 2013 after Sisi, then Egypt's defense minister, ousted Islamist president Mohamed Morsi, an ally...
  • Erdogan will discuss with Egyptian president "every effort" to stop the "bloodshed" in Gaza
  • He has emerged as one of the Muslim world's harshest critics of Israel's war against Gaza

Higher prices boost Coca-Cola sales despite Middle East hit

Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...
  • Revenues for the soda giant rose seven percent from the year-ago level to $10.9 billion, reflecting a two percent rise in volumes and nine percent increase in price/mix
  • The ongoing conflict in the Middle East dented volume growth by about one point in the fourth quarter, said Chief Financial Officer John Murphy

Saboteurs hit Iran pipelines disrupting gas supply: state media

The saboteurs hit pipelines in the cities of Borujen in the southwestern province of Chaharmahal and Bakhtiari, and Safashahr in...
  • State media reported that the sabotage had disrupted gas supplies in at least three provinces -- North Khorasan in the northeast, Lorestan in the west and Zanjan in the northwest
  • No group claimed responsibility for the attacks and Iran did not immediately apportion blame, although Iran has generally blamed Israel for similar acts of sabotage in the past