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

Israel sees Iran nuclear deal ‘shortly,’ warns it will be weaker

Israeli Prime Minister Naftali Bennett , who has been a staunch opponent of the 2015 deal, said his country will...
  • The 2015 Iran nuclear agreement offered Tehran sanctions relief in exchange for curbs on its nuclear program.
  • But the United States unilaterally withdrew in 2018 under then-president Donald Trump and reimposed heavy economic sanctions.

UAE warns of drone threat as Abu Dhabi conference starts

The UAE warned Sunday of the rising threat of drone attacks, such as those launched against it by Yemen's Houthi...
  • The Unmanned Systems Exhibition (UMEX) kicked off in Abu Dhabi, with regional and Western military and industry representatives
  • The UAE is part of a Saudi-led military coalition that has been fighting in Yemen since 2015 to support the government against Iran-backed Houthi rebels

The price of love: Pandemic fuels romance scam

Cancelled dates over supposedly positive Covid tests and disrupted travel plans due to lockdowns are ruses that feed into the...
  • Thousands of people fall prey to 'romance scams' every year, whose numbers rose during the Covid pandemic
  • Cryptocurrencies and untraceable online transaction is fueling scams with bogus investments and gift cards

Lebanon’s ‘zombie banks’ downsize to weather crisis

More than two years into a financial crisis that has seen the local currency lose 90 percent of its value,...
  • The financial collapse that began in Lebanon in late 2019 has been deemed by the World Bank one of the world's worst since the 1850s
  • However, before that the country had an oversized but prosperous banking sector, which has since come to be blamed for the economic crisis

US reaffirms Russia could attack Ukraine ‘at any time’

US Press Secretary Jen Psaki said President Joe Biden was due to hold a rare Sunday National Security Council meeting...
  • Western officials in Munich continued to raise the alarm about Moscow's intentions towards Ukraine
  • However, Ukrainian President Volodymyr Zelensky pushed back against Washington's dire predictions for an invasion

The chances of reviving Iran nuclear accord are dwindling: Scholz

The chances of reviving the Iran nuclear accord are dwindling and the "moment of truth" has arrived for Tehran's leadership,...
  • The 2015 Iran nuclear agreement had offered Tehran sanctions relief in exchange for curbs on its nuclear program
  • The Iranian foreign minister is due to address the Munich Security Conference later on Saturday

Ukraine blames Russia-backed rebels of killing a soldier

Ukraine's army on Saturday reported the first death of a soldier in weeks and accused Moscow-backed rebels of sharply escalating...
  • The joint military command for east Ukraine said a soldier received a fatal shrapnel wound in the conflict zone running across two separatist regions near the Russian border
  • Moscow formally denies being involved in the conflict and calls it a Ukrainian internal affair

Amid troop buildup, Biden says Putin has decided to invade Ukraine

There were growing fears that only a spark — which Washington warns could be a deliberate "false flag" incident created...
  • The Kremlin insists it has no plans to attack its neighbor, which has angered Russia by seeking long-term integration with NATO and the EU
  • However, the US says that with an estimated 149,000 Russian troops, as well as separatists, on Ukraine's borders, it's only a matter of when

Italy forks out fresh six billion euros in energy aid

"We are putting nearly eight billion euros on the table, including six billion in energy aid", PM Mario Draghi told...
  • "We are putting nearly eight billion euros on the table, including six billion in energy aid", PM Mario Draghi told a news conference
  • Natural gas prices have reached historic highs in recent months, sending electricity costs spiralling across Europe

Concerts and fireworks for Libya revolt anniversary

Thousands of vehicles converged on the centre of Tripoli Friday, creating huge traffic jams, as motorists honked their car horns...
  • Thousands of vehicles converged on the centre of Tripoli Friday, creating huge traffic jams, as motorists honked their car horns in celebration
  • The anniversary comes as the country finds itself with two rival prime ministers based in the capital Tripoli

Khamenei vows Iran will never surrender, warns US of ‘irreparable damage’

Khamenei's speech came six days into the conflict, with US president Donald Trump saying he may or may not intervene...

Company News

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Jailed Khan’s allies running close race in Pakistan poll

The PML-N had been expected to win the most seats following Thursday's vote, with analysts saying its 74-year-old founder Nawaz...

L’Oreal net profit jumps 8.4%

The company's profit surged to US$6.8bn last year.

Russia cannot be defeated in Ukraine: Putin

During a two-hour long interview with the former Fox News host Tucker Carlson, Russia's President Vladimir Putin defended his decision...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US strikes destroy two Houthi missile systems in Yemen

Washington, US - The United States military confirmed on Thursday its forces conducted multiple strikes against Houthi missile systems as the...
  • US "conducted self-defense strikes against two Houthi mobile anti-ship cruise missiles prepared to launch against ships in the Red Sea," CENTCOM said.
  • The strikes "will protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels", it said.

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
  • Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
  • Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.

World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
  • Recent months have seen a global onslaught of extremes, including devastating drought gripping the Amazon basin
  • The UN's IPCC climate panel had already warned that the world will likely crash through 1.5C in the early 2030s.