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

Omicron surge may lead to newer, more dangerous variants: WHO

A top WHO official has sounded an ominous note of caution, that the soaring infection rates could have the opposite...
  • Europe has recorded around 100 million Covid cases since the start of 2020, and more than 5 million new cases in the last week of 2021
  • Britain on Tuesday faced warnings of an impending hospital crisis due to staff shortages caused by a wave of Omicron infections

Leaked memo says rusty Qantas pilots making errors: report

Qantas recognised very early that it needed to reassess pilots' recent and current flight time requirements as well as its...
  • Among the errors listed in Qantas pilot reports: starting take-off with the parking brake on and misreading the altitude as airspeed
  • The memo by Qantas' fleet operations chiefs reportedly said the Covid-19 related disruption to flights meant pilots had less recent flight experience

US military coalition hits rocket launch sites in Syria

None of the three attacks in less than 48 hours resulted in casualties but came as Iraq marked the second...
  • A day after of the second anniversary of the Iranian General Qassem Soleimani's killing, the US-led coalition foiled a rocket attack in Syria
  • A US base called Green Village was the target of rockets where Daesh fighters are still active and where US forces continue to cooperate with the SDF

Moroccan tour operators protest pandemic restrictions

About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.
  • About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders
  • Morocco suspended all passenger flights from November 29 until January 31 as a result of rising infections of the Omicron variant worldwide

Space business takes centerstage as CES tech show begins

The display of technology like the life-size model Dream Chaser ship at the CES tech show is a sharp signal...
  • Companies have proposed a series of ideas which until recently sounded like long shots, such as asteroid mining
  • They have also suggested less far-fetched biomedical applications or production of some types of technology

Taliban put victory over United States on display

On display in the Governor's compound of Ghazni province is a concrete slab is inscribed with the names and regiments...
  • Taliban forces took the city of Ghazni province three days before the capital fell on August 15.
  • Rusting hulks of destroyed American armored vehicles are also on display, their weapons removed, their tires flat and frayed.

Two armed drones shot down targeting Iraq base: US-led coalition

According to officials of the US-led coalition fighting against the Islamic State group, two fixed-wing drones rigged with explosives were...
  • The was the second attack in 24 hours targeting the coalition in Iraq that was foiled
  • The attacks come as Tehran and its allies marked the second anniversary of Gen Qassim Soleimani's killing in a US airstrike

US telecom firms agree to airlines’ call, delay 5G rollout

The move came a day after AT&T and Verizon rebuffed a request to delay the already delayed rollout, prompting airlines...
  • AT&T and Verizon have agreed to postpone deployment of their 5G infrastructure after concerns were raised over aircraft interference
  • A last-minute draft agreement first will see AT&T and Verizon put off the deployment of their new 5G frequency bands by 15 days

Sonatrach plans $40bn investment

The Algerian firm will make the investments over five years.
  • The $40 billion plan includes a refinery project at the largest oil field of Algeria, as well as an extension of the Skikda refinery to convert derivatives into fuel
  • Sonatrach has also planned to put into service the fourth turbocharger of the Medgaz pipeline, which transports gas to Spain and Portugal

Apple hits $3trn valuation

It has become the first US company to reach that valuation.
  • The iPhone-maker scaled the record level near 1845 GMT on Monday, January 3
  • It reached $182.88 a share before slipping back slightly to end at $182.01

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...

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UPS says will cut 12,000 jobs

The move comes as UPS seeks to "align" its resources.

Over 70 percent of musicians fear AI, says French-German study

PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...

Pfizer reports loss in Q4

The drugmaker's revenues fell 41 percent to $14.2 billion.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli strikes on Gaza continue as mediators push for new truce

Heavy Israeli strikes and urban combat across the besieged Gaza Strip killed 128 more people overnight, the health ministry in...
  • The World Health Organization called the row over UNRWA "a distraction from what's really going on every day, every hour, every minute in Gaza".
  • Israel's top ally the United States expressed hope for a deal, with Blinken telling reporters that "very important, productive work has been done".

IMF lifts global growth forecast citing unexpected ‘resilience’

The updated figure, released in the latest World Economic Outlook (WEO) report, is 0.2 percentage points higher than the International...
  • Among G7 advanced economies, growth in European countries looks set to remain weak, reflecting ongoing challenges, while Japan and Canada are expected to fare slightly better.
  • While many Asian economies remain buoyant, Europe continues to cast a long shadow over the global outlook, with the IMF highlighting "notably subdued growth in the euro area."

Canada revokes ban on military exports to Turkey

Canada will now require that Turkish importers provide assurances about the weapons' use as well as a government statement "clearly...
  • Permits for military items and certain types of weapons destined for Turkey "will now be reviewed on a case-by-case basis," the Canadian government said
  • The export ban affected some 30 permits, and applied to a wide variety of military goods and technologies including components for the production of aircraft