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

DEWA completes Smart Grid Strategy short-term goals, installs 2m smart meters

Dubai Electricity and Water Authority (DEWA) has said it completed all short-term goals of its Smart Grid Strategy 2014-2035 as,...
  • Between 2015 and 2020, it replaced all electricity and water meters with smart meters, a deployment of over two million smart meters.
  • Between 2015 and 2017, DEWA fully automated its transmission network connected to the 400kV and 132 kV substations.

Oligarchs in the crosshairs as West targets Putin

Metals tycoon Oleg Deripaska from Russia has called for peace talks over Ukraine crisis "as soon as possible" between Russia...
  • US, European G7 allies will set up a "transatlantic task force" to "identify and freeze" assets belonging to Russian officials and elites close to the Russian government
  • One of Russia's richest billionaire, Mikhail Fridman has called the war in Ukraine a “tragedy” and called for the “bloodshed” to end

UN reports to lay bare harrowing scale of climate impact

The IPCC report will include a crucial 40-page summary for policymakers, expected to show that devastating scale of climate change...
  • The UN report on climate change will show that global warming already threatens billions of people and crucial ecosystems
  • Climate change affects entire planet, but its impacts are often the hardest on the poorest and most vulnerable

Oil and safe havens rally, ruble sinks on Russia sanctions

Oil prices and safe havens surged Monday while the ruble plunged after world powers imposed fresh sanctions on Russia over...
  • Oil prices and safe havens surged Monday while the ruble plunged after world powers imposed fresh sanctions on Russia over its invasion of Ukraine
  • Russian President Vladimir Putin's decision to send troops across the border last week has sent shivers through trading floors as investors fret over a protracted war

Russia on nuclear alert as Ukraine fiercely resists invasion

President Vladimir Putin ordered on Sunday Russia's nuclear forces onto high alert in response to what he called ‘unfriendly’ steps...
  • Russia invaded on Thursday and quickly announced it had neutralized key Ukrainian military facilities, but fierce fighting has since raged
  • Ukraine forces, backed by Western arms, are stymieing the advance of Russian troops, while the US leads Western condemnation and sanctions

Palestine ignored in US deal on stolen antiquities

Chemi Shiff, a researcher from Israel said former Israeli military chief has committed an "archaeological theft" of Bronze Age sarcophagi...
  • Steinhardt's collection, which is worth of $70 million, includes multiple items stolen from the occupied West Bank
  • According to New York prosecutors, all 40 items taken illegally from Israel and Palestinian territories should be returned to Israel

Iraq says to host world cup qualifier as FIFA lifts ban

Iraq, which has qualified World Cup finals only once, in 1986, was working for months to welcome international matches and...
  • Iraq can host matches either in Tehran's Al-Madina Stadium or at other stadiums in the country
  • FIFA has briefly lifted its prohibition in 2019 which was imposed for security reasons

Turkey recognises Russia-Ukraine ‘war’, may block warships

If needed, Turkey will apply the Montreux agreement which governs the free movement of commercial ships through the Bosphorus and...
  • Turkey has offered to host talks between Russian president Putin and Ukrainian president as it has strong ties with both the countries
  • Turkey did not immediately respond to the Ukraine's request of closing the access to the Black Sea for Russian ships

WTI surges 6%, Brent 5% on Ukraine invasion by Russia

WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06.
  • Traders will closely watch an OPEC+ meeting this week, led by Russia, where they will discuss plans for further output
  • The group has agreed previously to increase production gradually each month, but the Ukraine crisis could disrupt it

Russia invasion of Ukraine risks displacing over 7 million: EU

According to the UN, if the war continued, there will be around 18 million Ukrainians that will be affected in...
  • According to the latest situation report from the OCHA, ‘more than 160,000 people have reportedly been internally displaced’
  • ‘Over 116,000 have been forced to flee across international borders into neighboring European countries,’ OCHA added

US military aircraft no longer visible at base in Qatar: satellite images

Dozens of US military aircraft are no longer on the tarmac at a major US base in Qatar, satellite images...

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Thousands in Morocco protest ties with ‘genocidal’ Israel

In late 2020, Morocco established diplomatic ties with Israel under the Abraham Accords brokered by the United States which saw...

Bezos sells $2bn Amazon shares

He reportedly intends to sell, next July, 50 million shares of the group.

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

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Climate change parches Morocco breadbasket amid policy pitfalls

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...
  • Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.
  • The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.

Israel offensive on Lebanon would ‘spell end’ of Netanyahu, says Iran’s FM

Amir-Abdollahian met top officials in Beirut including Hizbollah chief Hassan Nasrallah and parliament speaker Nabih Berri, a powerful ally of...
  • The minister said that any move by Israel on Lebanon will spell the "end of Netanyahu"
  • He was on his third visit to Beirut in over four months of hostilities

Hamas official in Lebanon survives Israeli strike

While the Israel-Lebanon violence has been largely contained to the border area, a strike earlier on Saturday hit the coastal...
  • An Israeli drone strike killed one person and wounded nine others in a southern border village
  • Israeli forces and Hezbollah have traded near-daily fire since war broke out on October 7