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

US to send warship, fighter jets to UAE after Houthi attacks

The deployment, to "assist the UAE against the current threat", follows a phone call between Defense Secretary Lloyd Austin and...
  • The USS Cole guided missile destroyer will partner with the UAE Navy and make a port call in Abu Dhabi, while the US will also deploy fifth-generation warplanes.
  • Other actions include "continuing to provide early warning intelligence (and) collaborating on air defense", the US embassy in the UAE said.

Sri Lanka gets $500m Indian loan to pay for oil

The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low...
  • An Indian diplomat said talks were underway on another $1 billion credit line to fund urgently needed food and medicine imports from India.
  • Sri Lanka's economy is also seeing a scarcity of rice, automotive parts and cement, with supermarkets forced to ration some staple foods.

Turkey attacks Kurdish targets in Iraq and Syria

Turkey has launched deadly strikes against Kurdish targets in Iraq and Syria, where Kurdish forces were still reeling from the...
  • The raids on Tuesday night targeted shelters, tunnels, caves, ammunition depots, bases and training camps operated by the outlawed Kurdistan Workers' Party (PKK)
  • The Syrian Observatory for Human Rights said the Syria strikes hit a Kurdish-run power station near the town of Al-Malikiyah in Hasakeh province

Omicron sub-variant found in 57 countries : WHO

The fast spreading and heavily mutated Omicron variant has rapidly become the dominant variant worldwide since it was first detected...
  • The fast spreading and heavily mutated Omicron variant has rapidly become the dominant variant worldwide since it was first detected in southern Africa 10 weeks ago
  • In its weekly epidemiological update, the WHO said that the Omicron counts several sub-lineages: BA.1, BA.1.1, BA.2 and BA.3.

‘Necessary evil’: Some artists say can’t quit Spotify

The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music...
  • The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music means they feel obligated to stick with Spotify
  • "For me, Spotify is kind of a necessary evil," said Leo Sidran, musician and host of the podcast "The Third Story."

Queen Elizabeth II to mark 70 years on the throne

The sovereign's record-breaking reign as head of state began when she was aged 25 and watching wildlife in a remote...
  • The sovereign's record-breaking reign as head of state began when she was aged 25 and watching wildlife in a remote part of Kenya with her husband, Prince Philip
  • She has since become the one constant in an era of rapid social and political change, a figurehead of modern Britain and a living link to its post-war and imperial past

Wildlife revives in ‘dead zone’ of Cyprus

The abandoned village of Cyprus became a "haven" for rare plants and animals as well as a "wildlife corridor" that...
  • The abandoned village of Cyprus became a "haven" for rare plants and animals as well as a "wildlife corridor" that links otherwise fragmented environments right across the island
  • Cyprus has been split since 1974 when Turkish forces occupied the northern part of the island in response to a Greek-sponsored military coup

Erdogan seeks payoff from Russia-US clash on Ukraine

The veteran Turkish leader hopes mediation between Putin and Ukrainian President Volodymyr Zelensky can avert a Russian offensive.
  • The veteran Turkish leader hopes mediation between Putin and Ukrainian President Volodymyr Zelensky can avert a Russian offensive
  • Erdogan's high-profile efforts -- met with caution in Moscow -- carry huge stakes and potentially rich rewards

Pfizer seeks US approval of Covid vaccine for children under 5

Pfizer and BioNTech will soon ask US regulators for emergency authorization for a Covid-19 vaccine for children aged five and...
  • The move comes as the Omicron variant wave is waning in the United States but parents are still grappling with school closures
  • FDA hopes to approve vaccines for young kids as early as late February, earlier it has approved Pfizer's Covid-19 booster shot for children aged above 12

Low-key Beijing 2022 Olympic torch relay kicks off

More than 1,000 torchbearers will carry the flame through competition areas in Beijing and the neighbouring city of Zhangjiakou.
  • More than 1,000 torchbearers will carry the flame through competition areas in Beijing and the neighbouring city of Zhangjiakou
  • Audiences for the torch relay will be strictly limited with China encouraging its people to follow the event online rather than try to catch a glimpse of the procession in person

France shuts Israeli weapons industry booths at Paris Air Show

The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...

Company News

Latest News

Iran starts construction on new 10MW nuclear research reactor

Tehran, Iran -- Iran said Monday it had started building a new nuclear research reactor in Isfahan, days after it announced...

Boeing spots new ‘problems’ in 737

The fuselage problems could slow down deliveries.

Societe Generale to slash 900 jobs

The bank employs 117,500 people around the globe.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Paris Olympics’ organizers worry heatwave can spell trouble for games

A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
  • Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
  • Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat

Blinken to arrive in Middle East to press for truce

The US secretary of state is expected to discuss a proposed truce hammered out in a Paris meeting in January...
  • The US top diplomat is expected to visit Saudi Arabia, Israel, Egypt and Qatar
  • He stressed the need for urgently addressing humanitarian needs in Gaza

Hamas weighs Gaza truce as fighting nears fifth month

The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours...
  • Blinken will begin his trip in Saudi Arabia before visits to Israel, Egypt and Qatar
  • The war has also sent regional tensions soaring, with a surge in attacks in the region