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

Cryptocurrencies shine in shadow of Ukraine conflict

Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is watching the effects of...
  • "Business is running, but we're in survival mode over here," the 37-year-old boss said during a video call from his current refuge after leaving the Ukraine capital
  • The Ukrainian government on Friday imposed sanctions against the rouble, forcing Chobanian to halt cryptocurrency swaps with the Russian currency

Turkey calls on Russia to end Ukraine attack

Turkish Foreign Minister Mevlut Cavusoglu asked Russian counterpart Sergei Lavrov to end the attack on Ukraine during a phone call...
  • Ankara has repeatedly called the Russian invasion of Ukraine "unacceptable" and offered to mediate between Moscow and Kyiv
  • Erdogan said Turkey was trying to work towards the declaration of an immediate ceasefire "to prevent further loss of life and prevent further damage to Ukraine"

Fewer Afghan women return to universities

Afghanistan's main universities reopened Saturday six months after the Taliban returned to power, but only a trickle of women returned...
  • The Taliban insist they will allow girls and women to be educated this time around -- but only in segregated classes and according to an Islamic curriculum
  • Taliban guards refused journalists access to the sprawling campus and chased away media teams lingering near the entrance

Arab world may suffer shortage of bread

Russia's invasion of Ukraine could mean less bread on the table in Egypt, Lebanon, Yemen and elsewhere in the Arab...
  • The region is heavily dependent on wheat supplies from the two countries which are now at war
  • Bread is already a luxury for millions in Yemen, where a seven-year war has pushed the country to the brink of famine

US or Russia? Ukraine crisis poses dilemma for wealthy Gulf

Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing...
  • On Friday, the UAE abstained along with China and India from a vote at the US Security Council demanding Moscow withdraw its troops
  • Russia as expected vetoed the resolution co-written by the US and Albania while 11 of the council's 15 members voted for it

US offshore wind power lease sale nets record $4.3B

The six sites are in an area called the New York Bight and total 488,000 acres (197,500 hectares), making it...
  • The six sites are in an area called the New York Bight and total 488,000 acres (197,500 hectares), making it the biggest U.S. renewable power auction ever
  • Development of all six tracts could generate as much as seven gigawatts of wind energy, enough to power some two million homes, officials said

African Nations forced to spend on climate adaptation: Study

The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts.
  • The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts
  • The threat is forcing nations to divert "already stretched" resources to climate self-defence, the report said

Russia penalizes Facebook

FB is accused of not stopping fact-checkers on its platform.
  • Moscow's move comes days after Russia staged a large-scale invasion of neighboring Ukraine
  • It follows the government in recent years taking measures to limit online freedoms for Russians

Global stocks rebound, oil slips as traders weigh Russia sanctions

In Europe, the three main indices all closed more than three percent higher, recovering most if not all of the...
  • European benchmark Brent crude was down to $96.63 per barrel, having briefly soared past $105 per barrel on Thursday for the first time since 2014.
  • Western nations added to sanctions on senior Russian officials and business figures as well as Russian banks. The US also blocked tech exports including semiconductors.

From a tennis court in Dubai, Andrey Rublev says ‘no war please’

Andrey Rublev made a plea for peace after notching an eighth consecutive victory on Friday to move into his second...
  • The 24-year-old had told reporters in Dubai on Thursday that he believed in peace and unity
  • Rublev won the title in Marseille last Sunday and has battled through some tight situations this week in the Emirates

2,000-year-old Roman wall paintings unearthed

The plaster, which was discovered on a construction site in 2021, once decorated around 20 internal walls of a high-status...

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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...

Israel PM pledges ‘safe passage’ for Rafah civilians

Israel's massive military offensive in Gaza as per the territory's health ministry has killed at least 28,064 people, mostly women...

UN agency boss should quit over Hamas ‘tunnel’: Israel

Israel's army and the Shin Bet security agency said operations in Gaza City in recent weeks had led to the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Yemen-based Houthis say 17 fighters killed in US strikes

A total of 17 Houthi fighters were killed in US strikes, the Iran-backed Yemeni rebel group said through its official...
  • The United States confirmed that its military had conducted a number of strikes against missile launchers as Houthi fighters prepared to launch them.
  • The Iran-backed rebels, who control much of war-torn Yemen including the port of Hodeida, have been targeting shipping in the Red Sea and Gulf of Aden.

Six-year-old Gaza girl found dead days after seeking help

Palestinian Territories - Six-year-old Hind Rajab pleaded to be rescued, after her family's car came under fire in war-ravaged Gaza...
  • "I am so scared," Hind had said in a desperate phone call to the Palestine Red Crescent Society. "Call someone to come get me, please."
  • She was last heard from after becoming trapped in the family's vehicle with other relatives as they tried to flee Gaza City from an Israel advance

War monitor say Israeli strikes kill three in Syria

Beirut, Lebanon - Israeli air strikes that targeted a building in an upscale area near the Syrian capital killed three people...
  • In the latest incident three people were killed, said Rami Abdel Rahman, head of the British-based Syrian Observatory for Human Rights.
  • Since Syria's civil war broke out in 2011, Israel has launched hundreds of air strikes on its northern neighbor, mainly targeting Iran-backed forces.