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

Iran appoints new Revolutionary Guards intelligence chief

Major General Mohammad Pakpour, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the...

Ukraine: Trudeau announces Canada ban on Russian oil imports

“Today, we are announcing a ban on all imports of crude oil from Russia, an industry that has benefited President...
  • “Today, we are announcing a ban on all imports of crude oil from Russia, an industry that has benefited President Putin and his oligarchs greatly,” Trudeau told a news conference
  • Canada, with the fourth largest reserve in the world, is a net oil exporter, but still imports significant amounts from countries including the United States and Saudi Arabia

Turkey blocks warships from Bosphorus, Dardanelles

"We have alerted both countries of the region and elsewhere not to pass warships through the Black Sea," Foreign Minister...
  • "We have alerted both countries of the region and elsewhere not to pass warships through the Black Sea," Foreign Minister Mevlut Cavusoglu said
  • The 1936 Montreux Convention governs the free movement of commercial ships in peacetime through the Bosphorus and the Dardanelles straits

US expels 12 Russian UN staff for ‘espionage activities’

The announcement of the expulsion came on the last day of Russia's presidency of the UN Security Council and it...
  • The US deputy ambassador to the UN said the 12 members of Russia's UN mission had engaged in non-diplomatic activities
  • A Russian diplomatic source later said the expulsion decision did not target either the ambassador or his two senior deputies

Tech giants clamp down on Russia state-linked news

Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik.
  • Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik
  • Twitter and Facebook have both been hit with access restrictions in Russia since the invasion of Ukraine

TikTok videos get longer

The app is now letting users upload videos as long as 10 minutes.
  • Longer videos could also enable TikTok creators make more money and boost the platforms advertising business
  • YouTube recently laid out goals for this year that included making the lives of creators easier and boosting a popular format

Arab League plays safe, calls for diplomatic solution in Ukraine

The Arab League on Monday expressed its worry over Russia's invasion of Ukraine and called for a "diplomatic solution," as...
  • Most Arab countries so far have not come down on one side or the other in the war
  • Middle East and North African governments are cautious in their response to Russia, a major supplier of the region's wheat and weapons.

UN Security Council extends Yemen arms embargo to all Houthi rebels

The UN Security Council voted Monday to extend to all of Yemen's Houthi rebels an arms embargo that until now...
  • Yemen has been embroiled since 2014 in a civil war between the Iran-backed Houthis and the internationally recognized government supported by a Saudi-led military coalition.
  • Russia, which is close to Iran, voted in favor of the resolution targeting the rebels.

Qatar Airways and Airbus dispute over A350 safety grows bitter

Qatar Airways on Monday accused aviation giant Airbus of blocking efforts to settle their billion-dollar dispute over the safety of...
  • The airline, which has now grounded 22 of its 53 A350 jets since November 2020, said it was determined to plough ahead with legal action seeking $610 million in compensation
  • While they fight in the London courts, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes

Iran says awaits ‘political decisions’ of Western parties in nuclear talks

All sides to the negotiations have signaled progress in the talks being held in the Austrian capital, but add that...
  • Parties to the 2015 deal saw it as the best way to stop Iran from building a nuclear bomb -– a goal Tehran has always denied.
  • The negotiations to revive the deal involve Iran as well as France, Germany, Britain, Russia and China directly, and the US indirectly.

UN chief flays world powers for ‘criminal’ lack of climate leadership

UN chief Antonio Guterres blasted world powers for a "criminal" abdication of leadership after the release Monday of an extensive...
  • "Nearly half of humanity is living in the danger zone -- now. Many ecosystems are at the point of no return -- now," he said
  • Guterres said coal and fossil fuels are "choking humanity" and called for G20 economies to follow up on their commitments to stop funding coal abroad by ending its use at home

Iran appoints new Revolutionary Guards intelligence chief

Major General Mohammad Pakpour, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the...

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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...

Saudi Arabia sends $250m to bolster Yemeni government

Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...

Hamas warns Israeli invasion of Rafah will ‘torpedo’ hostage talks

Foreign governments, including Israel's key ally the United States, and aid groups have voiced deep concern over Israeli Prime Minister...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Bezos sells $2bn Amazon shares

He reportedly intends to sell, next July, 50 million shares of the group.
  • Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share.
  • A previous stock market document, out Wednesday, reported his intention to sell, next July, 50 million Amazon shares.

US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
  • The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.
  • Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

UN’s IMO working ‘tirelessly’ to solve Red Sea crisis: head

Yemen's Houthi rebels, supported by Iran, have launched dozens of attacks against ships in the Red Sea since November, targeting...
  • Secretary General Dominguez said IMO is working to ensure that "parties continue to talk so that the situation does not degenerate any further"
  • Many shipowners have decided to stop operating in the Red Sea, instead sending their ships on the longer route around the south of Africa