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

Picasso on a plate: unseen ceramics up for auction in Geneva

Geneva, Switzerland -- A clutch of one-off and hitherto unseen ceramic plates and dishes by Pablo Picasso are going under...

Israel says Hamas ‘weaponising suffering in Gaza’ as aid workers killed

Israel charged on Thursday that Hamas was "weaponising suffering in Gaza" after a US and Israeli-backed charity accused the Palestinian...

Yemen pro-government troops capture oil-rich Shabwa

The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the...
  • The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"
  • Yemen's civil war began in 2014 when the Huthis seized the capital Sanaa, prompting Saudi-led forces to intervene

Take-Two to Zynga for $12.7bn

The GTA-maker plans more smartphone versions of its games.
  • Take-Two is a leader in console and personal computing games like Grand Theft Auto, Red Dead Redemption, and NBA2K
  • Zynga is known for its mobile-device games, like Farmville, which became a phenomenon in the 2010s on Facebook

‘Historic’: US surgeons successfully implant pig heart in human

US surgeons have successfully implanted a heart from a genetically modified pig in a 57-year-old man, a medical first that...
  • While the patient's prognosis is far from certain, it represents a major milestone for animal to human transplantation
  • The patient, David Bennett, had been deemed ineligible for human transplant, a decision that is often taken when the recipient has very poor underlying health

European Union says last seven years warmest on record globally

The last seven years have been the hottest on record globally "by a clear margin", the European Union's climate monitoring...
  • In its latest annual assessment, the Copernicus Climate Change Service (C3S) confirmed that 2021 had joined the unbroken warm streak since 2015.
  • The annual average temperature was 1.1 to 1.2 degrees Celsius above pre-industrial levels, measured between 1850 and 1900, C3S said.

Iraq’s new parliament holds first session amid chaos

Sunday saw the swearing-in of 329 members of the unicameral parliament and the re-election of influential Sunni MP Mohammed al-Halbussi...
  • Sadr who once led an anti-US militia is expected to have the key say in who will serve as the next prime minister
  • Iraq's post-election period has been marred by high tensions, violence, and allegations of vote fraud

Iran minister says nuclear talks nearing ‘good agreement’

"The initiatives of the Iranian side and the negotiations that have taken place have put us on the right track,"...
  • "The initiatives of the Iranian side and the negotiations that have taken place have put us on the right track," Hossein Amir-Abdollahian said
  • Negotiations to restore the nuclear deal resumed in late November after they were suspended in June as Iran elected a new, ultraconservative government

‘Power of the Dog,’ ‘West Side Story’ win at untelevised Golden Globes

Will Smith and Nicole Kidman won the prizes for best actor and actress in film dramas for their turns in...
  • Will Smith and Nicole Kidman won the prizes for best actor and actress in film dramas for their turns in "King Richard" and "Being the Ricardos."
  • But none of the stars were present as usual at the Beverly Hilton, with the ceremony held behind closed doors

Gulf ministers visit China amid energy fears

The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC)...
  • The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the GCC Nayef bin Falah al-Hajrah, will be in China until Friday
  • Recent unrest in oil and gas-rich Kazakhstan has raised concerns in China, which has long invested heavily in its central Asian neighbour's energy industry

IMF warns developing countries of ‘economic turbulence’

Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world...
  • "Risks to growth remain elevated by the stubbornly resurgent pandemic," IMF economists Stephan Danninger, Kenneth Kang and Helene Poirson wrote in a blog post
  • The highly contagious Omicron strain has spread like wildfire around the world since mid-December, causing record numbers of new Covid cases

Samba performance by scantily-clad dancers causes stir in Saudi Arabia

Authorities in Saudi Arabia were investigating on Sunday after a samba performance by dancers some considered too scantily clad for...
  • Over the past week videos on social media have shown three foreign samba dancers displaying their moves in a main street of Jazan, in the southwest.
  • Jazan's governor, Prince Mohammed bin Nasser, early Saturday ordered an inquiry and "necessary measures to prevent all abuse."

Picasso on a plate: unseen ceramics up for auction in Geneva

Geneva, Switzerland -- A clutch of one-off and hitherto unseen ceramic plates and dishes by Pablo Picasso are going under...

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UN court rejects most of Ukraine’s ‘terror’ case against Russia

Kyiv had accused Moscow of being a "terrorist state" whose support for pro-Russian separatists in eastern Ukraine was a harbinger...

Global stock markets swing ahead of Fed’s latest rate decision

"Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate...

IMF says Red Sea shipping down one-third due to Houthi attacks

"Container shipping... has declined by almost 30 percent," said Jihad Azour, director of the IMF's Middle East and Central Asia...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Yemen’s Houthis fire missiles at US warship: rebel statement

The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iranian-backed groups, have been harassing Red Sea shipping for...
  • "Iranian-backed Houthi fighters fired one anti-ship cruise missile from Houthi-controlled areas of Yemen toward the Red Sea," a Centcom statement said
  • The Houthis have launched more than 30 attacks on commercial shipping and naval vessels since November 19, the Pentagon said on Tuesday

Banco Santander posts US$12bn profit

It made record profit on the back of higher interest rates.
  • The Spanish lender added five million customers last year, bringing the total to 165 million worldwide
  • Lenders across Europe have reported bumper earnings after central banks worldwide hiked rates

Microsoft revenue surges

The company said sales leaped to $62 billion in Q3.
  • The company said sales leaped to $62 billion for the October to December period, up 18 percent year-on-year and above the $61.1 billion projected by analysts
  • Revenue for Microsoft's Azure cloud services jumped by 30 percent in the period, driven by the bigger computing needs that come with the adoption of AI