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

Boeing halts Russia support

It has stopped its Moscow operations and support for Russian airlines.
  • Boeing suspended parts, maintenance, and technical support services for Russian airlines over Putin's invasion of Ukraine
  • Apple has already stopped all its products sales in Russia while the EU has banned Russian state media from streaming

Lebanese long for IS-linked relatives stuck in Syria camps

Lebanese families are lobbying authorities to return their relatives held in Syria.
  • Hundreds of Lebanese joined IS since the war began in 2011 for 'financial motives'
  • UN has warned of deteriorating security conditions in Al-Hol shelters in Syria which shelters around 56,000 displaced people

Biden says US will contribute half of 60 mn emergency oil barrel release

The United States will contribute half of the 60 million barrels of oil International Energy Agency (IEA) countries agreed to...
  • The decision aims to "send a unified and strong message to global oil markets that there will be no shortfall in supplies," the IEA said in a statement earlier
  • The invasion came "against a backdrop of tight global oil markets, price volatility, commercial inventories that are at their lowest level since 2014," the statement said

World Bank preparing $3 bn emergency aid package for Ukraine

The IMF and the World Bank have promised to provide financial support to Ukraine, saying that they are saddened by...
  • The World Bank will provide $350 million immediately to alleviate Ukraine's humanitarian crisis
  • The IMF has said it will consider Ukraine's latest request for emergency financing 'as early as next week'

Treat Turkey like Ukraine: Erdogan tells EU

"Show Turkey the same sensitivity that we are witnessing towards Ukraine," Erdogan said at a press conference in Ankara.
  • "Show Turkey the same sensitivity that we are witnessing towards Ukraine," Erdogan said at a press conference in Ankara
  • Turkey has been a candidate for EU membership since 1987 but talks have floundered in recent years

Apple pauses Russia sales

Apple Pay and other services are also limited in Russia.
  • Western governments, sporting organizations, and big companies have cut Russia off
  • They have also sanctioned Russia over the internationally condemned attack Ukraine

Israelis, Arabs, Iranians in harrowing exodus from Ukraine

More than 10,000 Arab students have also attended university in Ukraine, drawn to the former Soviet republic by its low...
  • The evacuees had been forced to make harrowing escapes through the war zone to board flights in neighboring countries
  • They had to do this after Ukraine closed its airspace to civilian traffic at the start of the invasion by Russia last week

World Bank announces more than $1bn in aid for Afghanistan

The objective of the new aid provided by World Bank is to "protect vulnerable Afghans and help preserve human capital...
  • The World Bank has redirected the funds to UN and UNICEF in response to the humanitarian crisis in Afghanistan
  • Multi-donor fund ARTF has coordinated international aid to improve the lives of millions of Afghans until the Taliban took over

ExxonMobil out of Russia

It has offices in Moscow and St Petersburg with 1,000 employees.
  • The US oil giant deplored Russia's action in Ukraine and underlined that it will no longer invest in Russian projects
  • ExxonMobil had earlier pulled out two joint ventures during the previous round of sanctions against Russia

Libya has 2 prime ministers after parliament vote

The emergence of the new government once again gives Libya two prime ministers, as was the case between unrest-plagued 2014...
  • Libya’s parliament approved a new cabinet in a challenge to unity premier Abdulhamid Dbeibah, who has refused to cede power until elections
  • In a vote some fear could help tip Libya into another round of violence, the cabinet of former interior minister Fathi Bashagha was approved

More microplastics in glass bottles than plastic

For water, both flat and sparkling, the amount of microplastic was relatively low in all cases, ranging from 4.5 particles...

Company News

Latest News

Toyota’s Daihatsu resumes domestic production

It will make the Probox van and Mazda-branded Familia van.

Vessel reports missile attack off Yemen’s coast: security firms

Another security firm, Ambrey, said the Marshall Islands-flagged, Greece-owned bulk carrier "was targeted by missiles in two separate incidents" within...

Israeli military says 2 hostages rescued in overnight Gaza operation

The military said in a statement that "during a joint IDF (military), ISA (Shin Bet security agency), and Israel Police...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hospitalized Pentagon chief hands duties to deputy

The latest health scare came weeks after it emerged that Austin, 70, had kept previous hospital stays secret and had...
  • Deputy Secretary of Defense Kathleen Hicks "assumed the functions and duties" just before 5:00 pm (2200 GMT), Pentagon spokesman Pat Ryder said
  • Austin was "admitted into the critical care unit at Walter Reed National Military Medical Center for supportive care and close monitoring," the Pentagon said

More than 50 people killed in Israeli strikes on Rafah

Witnesses heard an intense series of strikes and saw smoke billowing above the city, which now hosts more than half...
  • Israeli military said that it had conducted a series of strikes in the Gaza Strip
  • Israeli PM Benjamin Netanyahu has ordered his army to prepare a ground offensive on Rafah

India says Qatar freed eight ex-navy personnel

"The Government of India welcomes the release of eight Indian nationals working for the Dahra Global company who were detained...
  • In October, India said it was "shocked" after a Qatari court had sentenced them to death, but the sentence was reduced in December
  • The Hindu newspaper reported the men were spying for a "third country", while the Times of India has said that "they were accused of spying for Israel."