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

UAE and India sign ‘milestone’ pact to boost economies

Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness...
  • India-UAE trade is valued at $59 billion, making the oil-rich Gulf country India's third largest trading partner for the year 2019-20.
  • The UAE is India's third largest export destination with nearly $16 billion clocked in 2020-21, it added.

Istanbul skyline row erupts over new build near iconic mosque

The soaring minarets of the 16th-century Suleymaniye mosque paint the postcard image of Istanbul, but that is now blighted by...
  • A UNESCO World Heritage site, the mosque which has survived fires and an earthquake, represents the golden age of the Ottoman Empire under Suleyman the Magnificent.
  • Three huge skyscrapers in the Zeytinburnu neighborhood triggered public uproar but they remain standing despite a court verdict.

Bullfighting in UAE village: No rules, less fatal

Unlike the bullfights popular in Spain and Mexico, where the animals are typically slain by matadors, in Fujairah two beasts...
  • The competition typically ends after about an hour, with each fight lasting just one or two minutes.
  • The bulls were once imported from South Asia for agricultural work, but the emergence of new technologies has rendered them obsolete to farming.

India sets an ambitious goal to be a hub for green hydrogen

India has unveiled the first part of a drive to attempt to turn the world's third-largest emitter of greenhouse gases...
  • Green hydrogen is produced using non-fossil fuel power to then be utilized in carbon-heavy industrial processes like making steel and concrete, and for transportation
  • The country aims to produce five million tonnes of green hydrogen annually by 2030

WHO picks Egypt and Tunisia to produce Covid vaccine in Africa

Six African countries have been chosen to establish their own mRNA vaccine production, the World Health Organization said Friday, with...
  • Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia were selected as the first recipients of technology from the WHO's global mRNA vaccine hub
  • The WHO set up a global mRNA technology transfer hub in South Africa last year to support manufacturers in low- and middle-income countries to produce their own vaccines

Why crypto creators hate being in the public eye

The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art...
  • Under the pseudonyms "Gargamel" and "Gordon Goner", they created the "Bored Ape Yacht Club", a collection of 10,000 cartoons of apes with various hairstyles and outfits
  • The story has refocused attention on anonymity in the world of cryptocurrencies

Gaza bookshop destroyed in Israeli air strike reopens

The new Samir Mansour bookshop, funded by an international donor campaign, stands some 200 meters from the original site, which...
  • The bookshop was a go-to for everything from school texts to the Koran to Arabic translations of European literary classics.
  • The new bookshop is spread across two floors and covers 1,000 square meters, stocked with 400,000 books -- approximately four times the volume held by the old facility.

Tunisians fear more economic pain as IMF talks loom

Every day at the family grocery stall in a Tunis market, Bilel Jani sees the reality of a biting economic...
  • The small North African country, roiled by years of political turmoil that deepened with President Kais Saied's power grab last July, is also mired in a deep recession
  • Surging prices and job losses have hurt families that were already struggling before the coronavirus pandemic

Eleven years since revolt, Libya far from democracy

The anniversary comes as the country finds itself with two rival prime ministers based in the capital Tripoli.
  • The anniversary comes as the country finds itself with two rival prime ministers based in the capital Tripoli
  • Incumbent Prime Minister Abdulhamid Dbeibah has insisted he will only hand over power to an elected government

Turkey officials in Jerusalem ahead of Israel delegation visit

Senior Turkish officials held meetings in Jerusalem on Thursday ahead of a rare visit by Israeli President Isaac Herzog to...
  • Relations between Turkey and Israel froze after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010
  • In recent months, the two countries have been working on a rapprochement, with their presidents holding telephone talks

Gulf states on Iran’s doorstep scramble for end of war

Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the...

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Palestinian official says Hamas still seeks truce despite Israeli denial

"We expect the negotiations to be very complex and difficult but Hamas is open to discussions and the movement is...

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...

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

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Siemens posts increased Q1 profit

The company said orders nearly doubled in mobility division.
  • The group, whose products range from trains to factory equipment, made a net profit of 2.4 billion euros ($2.6 billion) between October and December
  • "Siemens again delivered a strong quarter, maintaining a trajectory of profitable growth," CEO Roland Busch said in a statement

Qatar eyes second successive Asian Cup in final against Jordan

Doha, Qatar - An Asian Cup full of late goals and surprises reaches a climax on Saturday when hosts and holders...
  • With much of the crowd behind them and as reigning champions, Qatar will be expected to beat a Jordan side ranked 29 places below them by FIFA
  • In striker Akram Afif, Qatar have one of the players of the tournament and he scored a glorious goal against Iran to take his tally to five in six games

Butter chicken battle hits Indian court

Moti Mahal, one of the city's oldest restaurant chains, accuses rival of falsely taking credit for inventing the marinated chicken...
  • The lawsuit, running to over 2,000 pages, claims that Moti Mahal's founder first crafted the dish by adding a rich tomato-based gravy to leftover chicken to keep the pieces moist
  • The restaurant is seeking 20 million rupees ($240,000) in damages, and wants the court to bar Daryaganj from claiming its family pioneered the recipes