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

Gaza: TV studios make series as Hamas response to Israeli hit shows

The shows do not feature any Israeli actors, and Palestinians recruited to play Jewish characters are often targeted by people...
  • "Qabdat al-Ahrar" (Fist of the Free) series shows a 2018 Israeli operation in the Gaza Strip that killed seven Hamas fighters and an Israeli officer
  • Not everyone is a fan of the Hamas productions as it's firmly focused on the conflict which primarily served as a "tool of resistance"

China saw pandemic-defying GDP growth slow last year

Growth in the fourth quarter was the slowest in more than a year, at 4 percent, down from 4.9 percent...
  • China is the world's second-biggest economy, and a key driver of global growth
  • It expanded 8.1 percent in 2021, but much of that came in the first half of the year

World’s 10 richest men doubled wealth during pandemic, says Oxfam

Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per...
  • Oxfam said in its report that the pandemic has plunged 160 million people into poverty
  • Non-white ethnic minorities and women bore the brunt of the impact as inequality soared, it added

Iraq says almost 4,000 repatriated from Belarus borders

Baghdad has repatriated almost 4,000 of its citizens stuck on the Belarus borders with European Union members Poland, Lithuania and...
  • Since November 18, the Iraqi government has organized "10 flights from Baghdad to Belarus" to repatriate its citizens.
  • The West has accused Belarus of luring the migrants to the border as revenge for sanctions against President Alexander Lukashenko's regime. 

South Korean leader hails country’s soft power impact on Mideast trip

South Korea's soft power matches its economic achievements, President Moon Jae-in said on Sunday at the start of a Middle...
  • Moon talked up the Korean pop music, TV and film that has become wildly popular in many countries across the globe, including in nations in the Middle East.
  • On Tuesday, Moon will meet Saudi Arabia's Prince Mohammed bin Salman in Riyadh, as well as Yasir Al-Rumayyan, the head of oil giant Aramco.

License of Al Jazeera live TV unit revoked in turmoil-hit Sudan

Sudan has revoked the license of Al Jazeera Mubasher, part of the Qatar-based network, accusing it of "unprofessional" TV coverage...
  • Sudan has been gripped by political turmoil since top military leader General Abdel Fattah al-Burhan launched a coup on October 25.
  • Al Jazeera has given prominent coverage to the demonstrations and late last year also aired an interview with Burhan.

Twitter bans account linked to Khamenei for Trump video threat

The account, @KhameneiSite, this week posted an animated video showing an unmanned aircraft targeting former US president Donald Trump, who...
  • Supreme leader Ayatollah Ali Khamenei's main accounts in various languages remain active
  • Last year, Twitter suspended a similar account over a post also appearing to reference revenge against Donald Trump

Lebanon’s Hezbollah ready to return to cabinet meetings

Lebanese group Hezbollah and its ally the Amal movement said Saturday they were ready to return to government meetings after...
  • The return to government meetings is in "response to the needs of the citizens", say Hezbollah and its ally
  • The three months of political deadlock has exacerbated the Lebanon's economic crisis

Extradition of row-hit mom, son puts Cyprus in politically-charged battle

The mother, 61, and her son, 39, were arrested on December 8 under a warrant issued by the Chinese authorities...
  • US-based right-wing lobby groups alleges the charges against row-hit Chinese mother and son are politically motivated
  • The China pair has been described as members of New Federal State of China, lobbying against the Chinese government

IMF official urges ‘deep reforms’ to Tunisian economy

Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.
  • Tunisia's GDP plunged by almost 9 percent in 2020, the worst rate in North Africa
  • This was only modestly offset by a 3-percent bounce-back last year

Activists marching to Gaza say were stopped in Libya, Egypt

Pro-Palestinian activists seeking to march to Gaza with the stated aim of breaking Israel's blockade on the territory were stopped...

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Mediators push for Gaza truce as UNRWA warns its activities may stop

UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...

Shell annual profit drops to US$19.4bn

Its revenue dived almost a fifth percent to US$316.6 billion.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Shares in India’s Paytm dive 20%

Banking arm asked to stop accepting fresh deposits.
  • Paytm collapsed 20 percent at the open of trade in Mumbai before a trading halt, the day after the RBI reported "persistent non-compliances" at Paytm Payments Bank
  • RBI said it would not be able to accept new deposits, offer fund transfers or help facilitate credit transactions from March, although customers will be able to withdraw cash

Biden to visit Michigan as Arab American anger over Gaza grows

The trip comes days after the Democratic incumbent's campaign manager traveled to the city of Dearborn -- home to the...
  • The White House has made clear that Thursday's trip is purely a campaign visit, and Biden's 2024 team has said that he will meet with members of UAW union in the Detroit area
  • On Wednesday a group of Dearborn organizations called for ceasefire in Gaza and the city's mayor, Abdullah Hammoud refused to meet with Biden's campaign manager

US targets Houthi and Iranian drones in fresh strikes

CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...
  • A US warship also shot down an anti-ship missile fired by the Houthis
  • American forces also destroyed a Houthi surface-to-air missile on Wednesday