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

Israel says delayed Iran’s presumed nuclear programme by two years

Western powers have repeatedly expressed concerns about the rapid expansion of Iran's nuclear programme, questioning in particular the country's accelerated...

Homes of Palestinians accused of killing a settler demolished

The homes of brothers Omar and Ghaith Jaradat and Mohammed Jaradat were demolished with explosives in Silat al-Harithiya village, near...
  • Israel accused them for killing Yehuda Dimentman on December 16, when gunmen sprayed a car with around a dozen bullets as it drove out of the wildcat settlement outpost of Homesh.
  • Around 475,000 Jewish settlers live in the West Bank, alongside some 2.9 million Palestinians, in communities widely regarded as illegal under international law.

Morocco truckers observe strike to protest soaring fuel price

Moroccan truck drivers are observing a three-day strike in protest at spiraling fuel costs, a union said Tuesday, as oil...
  • Around three quarters of drivers are observing the strike, said Mounir Benazouz of the SNPTR truckers' union
  • The government of Prime Minister Aziz Akhannouch has for weeks been facing growing unrest over mounting living costs

Israel gives financial guarantees for its flights to Russia

Israel was poised Tuesday to extend financial guarantees for its airlines to fly into Russia, raising criticism in Kyiv as...
  • The $2 billion guarantee had been set to expire on March 9
  • A misunderstanding over Israel's continued flights into Russia caused a diplomatic flap

Tunisia releases ex-justice minister Noureddine Bhiri from house arrest

A former justice minister and senior figure in Tunisia's Ennahdha party, under house arrest since December, was released Tuesday but...
  • The 63-year-old Bhiri, who suffers from diabetes, high blood pressure and a heart condition, had been on a hunger strike since he was detained.
  • He is a senior figure in Ennahdha Party, which has played a central role in Tunisian politics since the revolution that overthrew dictator Zine El Abidine Ben Ali in 2011.

Oil restarts to flow in Libya as gunmen lift blockade

Libya's National Oil Corporation said Tuesday that an armed group blockading two major oil fields had lifted its siege and...
  • The NOC had announced the suspension of production on Sunday at the vast Al-Sharara and Al-Fil fields after gunmen closed pipelines to the coast
  • Libya, which sits on Africa's largest crude reserves, has been rocked by 11 years of conflict since a NATO-backed revolt toppled and killed dictator Moamer Kadhafi

Spain’s former king Juan Carlos to stay in UAE: Royal family

Spain's former king Juan Carlos said he will stay in Abu Dhabi despite the closure of investigations into his financial...
  • The family said Carlos will stay in Abu Dhabi despite the closure of investigations into his financial dealings that led to his self-imposed exile in the UAE in 2020.
  • The end of the investigations against Juan Carlos had potentially paved the way for the former monarch to return to Spain.

Iran launches military satellite into orbit for reconnaissance

Iran announced Tuesday it had successfully placed a military satellite in orbit, as talks on reviving a 2015 nuclear deal...
  • The Revolutionary Guards described the Nour-2 as a "reconnaissance satellite" in a statement on their Sepah News website
  • The United States has repeatedly voiced concern that such launches could boost Iran's ballistic missile technology

US envoys held energy talks with Venezuela’s Maduro: W.House

The White House said Monday that a US delegation held weekend talks in Venezuela with the government of President Nicolas...
  • US has broken it's diplomatic relations with Nicolas Maduro, imposed sanctions on Caracas in a bid to force Maduro from power in 2019
  • Venezuela President has assured Vladimir Putin of his "strong support" in the wake of the invasion

Saudi, Lockheed Martin in missile defence deal

Saudi military industries authority approved two projects to produce launchers and other equipment used in the THAAD anti-missile defence system.
  • Saudi Arabia has signed defence deal with the US firm as the kingdom aims to manufacture 50 percent of its defence needs by 2030
  • In 2019 when KSA was in conflict with Iran, US had deployed THAAD and Patriot defence systems in Saudi Arabia

Libya parliament chief rejects ‘interference’ in dig at UN

Construction tycoon Dbeibah was appointed following a landmark 2020 ceasefire with a mandate to lead the country to December 24...
  • Construction tycoon Dbeibah was appointed following a landmark 2020 ceasefire with a mandate to lead the country to December 24 elections
  • Libya's parliament speaker stressed that "the appointment of a new government" was legal as that of Dbeibah had expired

Turkey says Israel leading Middle East to ‘total disaster’

Iran and Israel have been at war for nine days after Israel, claiming the Islamic republic was on the brink...

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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...

Boeing expects Q1 hit from MAX troubles

The airline backs intensified oversight from the FAA.

EU excuses Apple and Microsoft products from tougher tech curbs

Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran fires first ship-based long-range ballistic missiles

TEHRAN, IRAN - Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic missiles from a warship...
  • The Iranian military exercises come at a time of regional tensions since the outbreak of the Israel-Hamas war on October 7.
  • Iran does not recognize Israel and has long fought a shadow war of killings and sabotage against it.

Israel faces growing pressure over Gaza ceasefire as toll hits 28,473

CIA director William Burns met with Mossad chief David Barnea in Cairo for a new round of talks on a...
  • The Cairo meeting came after the United States and the United Nations warned Israel against a ground offensive into Rafah without a plan to protect civilians.
  • Other countries cautioned Israel against a Rafah ground assault, including China, Germany and Norway, while Italy said Israel's bombing in Gaza had been "disproportionate".

EU adopts fallow land exemption after farmer protests

Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural...
  • The EU acknowledged that a combination of geopolitics and extreme weather meant farmers were struggling to meet the fallow land rule
  • The fallow land rule was imposed as part of the bloc's common agricultural policy to promote biodiversity