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

Saudis near Yemen border learn to live with Houthi fire

Houthi fire from Yemen this month on the UAE, traditionally a haven of security in a turbulent Middle East, stirred...
  • Saudi defences have intercepted most of the Houthi missiles and drones targeting airports and oil infrastructure in retaliation for air strikes
  • Two people were killed and seven wounded in late December in the first deadly Houthi-claimed strike in more than three years on Jizan

Turkey’s central bank governor fired over interest rates

Murat Cetinkaya, who was appointed to the role in April 2016, has been replaced by Murat Uysal, according to the...
  • Murat Cetinkaya, who was appointed to the role in April 2016, has been replaced by Murat Uysal, according to the decree published in the official gazette
  • President Recep Tayyip Erdogan has repeatedly railed against high interest rates and called for them to be lowered in a bid to stimulate growth

Iran nuclear talks requires ‘political decisions’

Diplomats meet in the Austrian capital to revive the 2015 deal involving Iran, the United States, Britain, China, France, Germany...
  • Restarting the latest round of talks to salvage the Iran nuclear deal apparently requires 'political decisions'
  • The talks to rescue the faltering accord began in April 2021 and, after a five-month suspension, resumed in November

Iran protestors attack Afghan trucks over water rights

Protesters in Iran's southeast attacked trucks belonging to Afghan drivers during a demonstration on Friday over water rights for a...
  • Demonstrators from Sistan-Baluchestan province, which shares a frontier with Afghanistan, rallied at a border crossing to protest the issue concerning the Helmand River
  • The Helmand flows from the Afghan province of the same name into Lake Hamoun, which straddles the Afghanistan-Iran border

Rockets target Baghdad airport, state-owned airways’ plane damaged

Six rockets were fired Friday at the Iraqi capital's airport, causing damage but no casualties, security sources said, the latest...
  • Recent months have seen rocket and drone attacks target the US embassy in Baghdad's high-security Green Zone.
  • The US-led coalition ended its combat mission in Iraq in December, four years after the Baghdad government declared victory over ISIS.

Book shows how Israel erases Jerusalem neighborhood

After the 1967 Six-Day War, Israel planned the "destruction" of Jerusalem's historic Mughrabi neighborhood at the base of the Western...
  • Its author, French historian Vincent Lemire, expects the book to spark controversy because of the sensitive nature of the Holy City
  • Lemire, who published several books on the history of Jerusalem, said he drew material from local archives, as well as Ottoman and French ones

France’s economy posts fastest growth in 52 years

France's economy grew at its fastest pace since 1969 last year, official data showed Friday, enjoying a strong rebound from...
  • At 7.0 percent according to the Insee statistics institute, the 2021 growth beat forecasts from both economists and official bodies
  • But gross domestic product topped the final quarter of 2019 in October-December 2021, Insee said

China’s property stress could shake global markets: IMF

A funding crisis battering China's big property developers could start to shake the wider economy and global markets, the IMF...
  • The International Monetary Fund's report comes as property firms in the world's second-biggest economy struggle with liquidity problems
  • Among those embroiled in the crisis is Evergrande, one of the country's largest developers, which is involved in restructuring negotiations

Toyota is top-selling automaker

The company overcomes chip shortage, supply chain woes.
  • The Japanese auto giant said it sold nearly 10.5 million vehicles in 2021, a jump of about 10 percent from 2020
  • In 2021, "the effects of the spread of Covid-19 were less severe than in 2020," Toyota said in a statement

US judge cancels major oil and gas exploration sale

A US judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in...
  • US Federal District Court Judge Rudolph Contreras declared existing contracts invalid
  • He said the Department of the Interior did not adequately consider the leases' impact on climate change

Israel pounds Iran from west to east in deepest strikes yet, Tehran police headquarters hit

Israel's military said its air force hit Mashhad airport in Iran's far east, making it the longest-range strike of the...

Company News

Latest News

US and UK bomb Houthi targets in joint air raids

Scaling up attacks in the Middle East, US and UK carried out joint air raids in Yemen after a separate...

No deal yet on Gaza truce, says Hamas official

Osama Hamdan, a top Hamas official in Lebanon, said the movement's leaders were reviewing a proposed framework hammered out by...

Hamas says US strikes in Iraq and Syria is putting ‘oil on fire’

Palestinian group Hamas condemned overnight US strikes in Iraq and Syria, saying Washington had poured "oil on the fire" in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Displaced Lebanese lament bombed homes, lost livelihoods

Tyre, Lebanon - When Ines Tehini and her family fled their south Lebanon village after Hizbollah and Israel began exchanging fire...
  • In Srifa, less than 15 kilometers (nine miles) from the border with Israel, farmer Abbas Fakih is staying in a house rent-free thanks to the generosity of residents.
  • "I had 250 goats. I've had to sell 50 or 60... just to put food on the table and feed the remaining cattle," he said, surrounded by his four children and their cousins.

Egypt forms review team on restoring pyramid after outcry

Cairo, Egypt - Egypt's antiquities ministry said on Saturday it was setting up a committee to review the restoration of Giza's...
  • The team is made up of "experts in engineering and archaeology" from the Czech Republic, Germany and the United States, as well as Egypt.
  • The committee's final report will include "the necessary procedures and steps to coordinate with (the UN heritage agency) UNESCO".

Civilians among 16 killed in Iraq by US strikes on pro-Iranian group

The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Awadi said....
  • The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Iraqi govt spokesman Awadi said.
  • "This aggressive air strike will push the security situation in Iraq and the region to the brink of the abyss," the spokesman Awadi added.