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

Football transfer values hit 5-year low in 2021: FIFA

A total of 18,068 transfers were registered, against 17,190 in 2020, a rise of 5 percent. The top 10 transfers...
  • Spending on transfer fees was $4.86 billion, down 13.6 percent from 2020 and 33.8 percent from the record levels of 2019
  • Players from France accounted for the highest amount of spending, with $643 million, displacing Brazil from the top spot

Bitcoin mining for all

Block is building a system to mine bitcoin.
  • Block changed its name from Square late last year to denote a broader mission that includes blockchain and economic empowerment
  • Hardware and software teams at Block will openly collaborate with the cryptocurrency community outside the San Francisco-based company

Last nine years all among 10 hottest-ever: US agency

The nine years spanning 2013-2021 all rank among the 10 hottest on record, according to an annual report by the...
  • A separate analysis of global temperature released by NASA had 2021 tying with 2018 as the sixth-warmest on record
  • Last year also saw nearly 700 people die in the contiguous United States due to extreme weather events, such as Hurricane Ida

Morocco backs UN talks on Western Sahara as new envoy visits

Staffan de Mistura, a former UN envoy to Syria, met the North African kingdom's top diplomat Nasser Bourita in Rabat,...
  • Staffan de Mistura, a former UN envoy to Syria, met the North African kingdom's top diplomat Nasser Bourita in Rabat, the foreign ministry said
  • De Mistura is later expected to visit Morocco's arch-rival Algeria, which backs the Polisario Front seeking independence in Western Sahara

US says only ‘a few weeks left’ to save Iran nuclear deal

Talks to restore the 2015 accord between Tehran and world powers -- United States, France, Britain, Russia, China, and Germany...
  • According to Secretary of State Antony Blinken, Tehran has made nuclear advances that "will become increasingly hard to reverse
  • The 2015 deal offered Iran much-needed relief from sanctions that have crippled its economy, in return for curbs on its nuclear program

Climate change worsening toll on outdoor workers: Study

Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling...
  • The researchers looked at data on humid heat — particularly dangerous because the body is less able to cool down by sweating
  • The study, published in the journal Environmental Research Letters, said around 677 billion work hours are lost a year to humid heat

WHO approves two new Covid-19 treatments

The WHO's Covid-19 treatment recommendations are updated regularly based on new data from clinical trials.
  • Arthritis drug baricitinib, used with corticosteroids to treat severe or critical Covid-19 patients, led to better survival rates
  • Also recommended was synthetic antibody treatment Sotrovimab, for people with non-serious Covid-19 at the highest risk of hospitalization

Inflation second on external concern list, worry global CEOs

As prices have surged, inflation has soared as a worry for global executives, overtaking concerns about Covid-19 disruptions in some...
  • More than half, or 55 percent, of the group expect to see price pressures through mid-2023 or beyond, said the survey by the Conference Board of some 1,600 global CEOs.
  • Inflation ranked as the top concern among European CEOs, but fourth in China and outside the top 10 in Japan.

Iranian teachers demonstrate in several cities against pension reforms

Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms,...
  • In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster reported.
  • The protesters are demanding that the government move more quickly on a planned grading system for teachers based on experience and performance.

Tunisia’s Ennahdha urges Friday protests, defying Covid ban

Tunisia's  Ennahdha party has reiterated calls for demonstrations on Friday marking the anniversary of the country's revolution, defying tightened coronavirus...
  • Ennahdha is the biggest party in a parliament that was suspended by President Kais Saied in July 2021, and has staged a string of protests against the premier.
  • The party had last week called for rallies on Friday to mark the 2011 fall of dictator Zine El Abidine Ben Ali in a revolt that sparked copycat uprisings in several Arab countries.

Iran fires back at Israel after onslaught targets nuclear facilities

Air raids sirens and explosions rang out across Israel after Prime Minister Benjamin Netanyahu took to the airwaves to warn...

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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...

Egypt grapples with dollar crunch as debt explodes

With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the...

Hamas head due in Cairo for truce discussions

As Qatari and Egyptian-led mediation efforts intensified, Hamas leader Ismail Haniyeh was due in Cairo on Thursday to discuss a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Houthi rebels target commercial vessel with a missile

Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen....
  • The rebels have carried out some 30 attacks on commercial shipping and naval vessels
  • US forces on Wednesday destroyed a missile belonging to the Houthi rebels

UN says Israel-Hamas war leaves Gaza ‘uninhabitable’

Since the relentless Israeli aerial and ground assault, triggered by Hamas's deadly October 7 attacks inside Israel, the United Nations...
  • UNCTAD said Gaza was in a dire state before the war erupted, with a 17-year blockade and repeated military operations leaving around 80% of the population dependent on aid.
  • It would take seven decades for the territory to return to just its 2022 GDP level even the reconstruction was started immediately.

Saudi football chief brands Mancini penalty walkout ‘unacceptable’

Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout...
  • The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in Doha with the decisive spot-kick
  • Roberto Mancini, 59, apologized afterwards for walking down the tunnel before their fate was sealed, saying: "I thought it was finished."