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

New US sanctions hit Russian banks, elites; spare energy

Washington said the penalties will be severe, and will have lasting impact on Russia's economy.
  • The US Treasury added five more Russian banks to the sanctions list, including the country's two largest
  • Western allies banned exports of key high-tech goods aimed at choking off the Russian military's capabilities

IMF, World Bank warn of global impacts as Russia invades Ukraine

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic...
  • IMF Managing Director Kristalina Georgieva said the conflict ‘adds significant economic risk for the region & the world’
  • World Bank President David Malpass warned that ‘the devastating developments’ would have ‘far-reaching economic and social impacts’

Russia invasion kills dozens on first day in Ukraine

US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports,...
  • Across Ukraine, at least 137 "heroes" were killed after the first day of fighting, said President Volodymyr Zelensky
  • He also called up conscripts and reservists nationwide to fight in a general mobilization, even as 100,000 people were displaced

With Spanish funds, Lebanon plans to revive railway out of service since ’70s

Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out...
  • Lebanon had a railway network since the end of the 19th century which connected Beirut to the Syrian capital Damascus.
  • It was built during Ottoman rule and inaugurated in 1895, operating until the devastating civil war begun 47 years ago.

Mercedes-Benz posts strong results

Mercedes saw the key measure rise 19.2 bn euros.
  • Mercedes, which changed its name from Daimler at the beginning of the month, saw the key measure rise $21.6 bn
  • The group's net profit increased almost six-fold to 23.4 billion euros from four billion euros in 2020

Aluminum price hits record high on Ukraine Attack

Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.
  • The lightweight metal price has been increased as high as $3,382.50 per tone
  • Analyst Daniel Briesemann said that the rise in price of the metal was expected

Iran says decisions needed from West to seal nuclear deal

"No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali...
  • "No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali Bagheri tweeted after flying back to Tehran
  • "To finish the job, there are certain decisions that Western parties must make," Bagheri said, without spelling out what they were

Russian central bank to intervene as ruble, Moscow exchange plummet

The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.
  • The central bank measures are intended to provide ‘additional liquidity to the banking sector’ in Russia
  • This, as Western sanctions loom after the military operation announced by Vladimir Putin against Ukraine

Russia attack on Ukraine turns Europe eyes to Saudi Arabia, Qatar

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.
  • Russian gas accounts for about 40 percent of the European market, leaving it highly exposed to supply disruptions due to the conflict
  • A similar logic applies to the 2.3 million barrels of Russian crude that heads west each day through a network of pipelines

At UN, Palestinians call on Israel to ‘end apartheid’

Speaking at a monthly meeting on the Middle East, Riyad Mansour evoked the term “apartheid” 15 times and called on...
  • Speaking at a monthly meeting on the Middle East, Riyad Mansour evoked the term “apartheid” 15 times and called on the Council to protect “our long-suffering people.”
  • “This Council may not be ready to use the word, but apartheid is, and has been, for a while now, our reality,” said the Palestinian envoy

21 Palestinians waiting for aid among 72 killed by Israeli forces in Gaza

Civil defense spokesman Mahmud Bassal told AFP that six people were killed while waiting for aid in the southern Gaza...

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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...

Hamas, Saudi warn of calamity if Israeli troops attack Rafah

Prime Minister Benjamin Netanyahu this week said he had ordered troops to prepare to go in to the city, crowded...

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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NATO chief calls on Europe to ramp up arms production

Ahead of a key meeting of NATO defense ministers in Brussels and the second anniversary of the Russia-Ukraine war, Jens...
  • Stoltenberg's comments came amidst growing pleas for shells, ammunition and other military aide from Ukraine as it battles Russian forces into a third year
  • NATO defense ministers will meet in Brussels on February 15, one week ahead of the second anniversary of Russia's offensive in Ukraine

Pakistan must move from ‘anarchy and polarization’ after election: army chief

"The nation needs stable hands and a healing touch to move on from the politics of anarchy and polarization, which...
  • The military looms large over Pakistan's political landscape, with generals having run the country for nearly half its history since partition from India in 1947
  • Politicians and political parties rise and fall with the backing of the military, which this year was believed to be backing the party of former prime minister Nawaz Sharif

Planned Israeli offensive in Rafah ‘alarming’: EU’s Borrell

Rafah is the southernmost city in the Palestinian enclave that has been hit by a fierce Israeli offensive since the...
  • Netanyahu said this week he had ordered troops to prepare to move into Rafah, and that "total victory" against the fighters would come in months
  • Israeli air strikes and a ground offensive in response of October 7 attacks have killed at least 27,947 people in Gaza, mostly women and children