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

US tells oil majors it needs more supply

The surge in energy costs is a consequence of Russia's invasion of Ukraine, which prompted Washington and its European allies...
  • Oil prices are in the midst of the recovery from the Covid-19 pandemic, which has caused demand to collapse
  • The prices have now surged, contributing to a wave of inflation that has damaged Biden's approval ratings

UAE says will urge OPEC to boost oil output

Brent had spiked to $139 on Monday — about $8 short of an all-time record — in expectation of the...
  • US President Joe Biden on Tuesday announced a ban on US imports of Russian oil and gas
  • Meanwhile, Britain said it would phase out crude imports from the country by the end of 2022

Israel and Turkey hail new era after years of broken ties

Relations between the two countries were frozen after the death of 10 civilians following an Israeli raid on the Turkish Mavi...
  • A 2016 reconciliation agreement that saw the return of ambassadors all but collapsed in 2018 in the wake of Gaza border clashes that killed dozens of Palestinians.
  • After the 2018 Gaza bloodshed, Turkey recalled its diplomats and ordered Israel's envoy out of the country.

How Russian ‘safe corridors’ worked in bitter Syria war

Russia's offer of "humanitarian corridors" for civilians to flee the Ukrainian cities it has besieged is a well-tried approach Moscow adopted...
  • In those evacuations, Russia backed Syria's regime in pummelling rebel-held enclaves, before it brokered "safe corridors" and exit deals for civilians
  • Russia entered Syria's war in 2015 on the side of President Bashar al-Assad's regime, overseeing controversial evacuations of more than 200,000 people

Protests rock Iraq’s southern area as food prices surge

Protests erupted Wednesday in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in...
  • The price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger.
  • More than 500 protesters gathered in a central square in the southern city of Nasiriyah opposing the unchecked rise in food prices.

Tunisia to initiate harsh action against food speculators

Tunisian President Kais Saied declared war Wednesday on food speculators amid a shortage of products such as wheat and semolina...
  • Russia's invasion of Ukraine has threatened supplies of basic foodstuffs, particularly wheat
  • Tunisia has seen a sharp shortage in staples such as rice, semolina, sugar and flour over the past weeks

Drone threat puts air defense at centerstage of Saudi defense show

Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows...
  • Around 600 companies from about 40 countries showed off the latest military technology at the World Defense Show in Riyadh. 
  • The General Authority for Military Industries, which oversees the Saudi defense industry, has made 22 deals with national and international enterprises worth some $2bn.

A camel beauty contest with $275,000 cash prize

The lips pouted to perfection, the neck was long and poised, and the judges were sure that no Botox was...
  • The animal, named Mangiah Ghufran, was declared winner of the one million riyal ($275,000) top prize at the first Qatar Camel Festival
  • Previous festivals were more local but now Qatar has allowed in camels from across the region

A health hazard for some, a source of earning for others

At a landfill in southern Gaza, mounds of discarded batteries pile up, rusting cells that pose a growing health risk to...
  • Batteries are an essential power source in Gaza, where public electricity supply is sparse and infrastructure has decayed since an Israeli blockade of the enclave began in 2007
  • Battery collection is also a source of income for the impoverished territory, where unemployment rates hover around 50 percent

UN chief warns pandemic not over, decries vaccine inequality

The pandemic’s most tragic toll has been on the health and lives of millions, with more than 446 million cases...
  • Guterres noted that while 1.5bn shots are produced monthly, nearly 3 billion people are still waiting for their first shot.
  • This failure is the direct result of policy and budgetary decisions that prioritize the health of people in wealthy countries over the health of people in poor countries, he said.

The new generation of blockbuster weight-loss drugs

After France on Friday became the latest country to allow all doctors, rather than just specialists, to prescribe these drugs,...

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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...

Sony hikes net profit forecast

It now predicts full-year net profit to touch US$6.1 billion.

Hamas heads to Cairo truce talks as Rafah braces for Israeli assault

CIA Director William Burns had joined Tuesday's talks with David Barnea, head of Israel's Mossad intelligence service, which Egyptian media...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

AI giants to unveil pact to fight political deepfakes

The idea comes as big tech companies are under considerable pressure over fears that AI-powered applications could be misused in...
  • Currently under negotiation by the companies, this so-called "accord" on deepfakes and other dangerous content is set to be announced during the Munich Security conference
  • According to the Washington Post, the companies will agree to develop ways to identify, label and control AI-generated images, videos and audio that aim to deceive voters

Al Jazeera condemns Israel ‘targeting’ Gaza journalists

Reporter Ismail Abu Omar's life is at risk and cameraman Ahmad Matar was severely wounded when the pair were hit...
  • Reporter Ismail Abu Omar's right leg was blown off in the drone strike, while doctors were trying to save the left one, Al Jazeera said, quoting an emergency physician
  • US, Israel's vital ally, offered its "sincere condolences" over the injuries and noted that they were not the first Al Jazeera journalists harmed during the conflict

Israel army shows video it says is of Hamas’s Yahya Sinwar in tunnel

It was unclear from the footage where the tunnel was located, but in recent weeks the Israeli military has pounded...
  • Israel accuses Sinwar of masterminding the unprecedented October 7 attack on Israel that triggered the conflict
  • Army spokesman Daniel Hagari said Israeli troops had uncovered the video in a security camera during an operation in a tunnel