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

World powers pledge to halt spread of nuclear arms

The statement was issued after the latest review of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) — which...
  • The NPT recognizes China, France, Russia, the UK, and United States as nuclear weapons powers
  • India and Pakistan have also developed nuclear weapons, while Israel is widely believed to possess nuclear arms

Iran detects new ‘realism’ from west in nuclear talks

Negotiations to restore the accord began last year but stopped in June as Iran elected ultraconservative President Ebrahim Raisi.
  • Negotiations to restore the accord began last year but stopped in June as Iran elected ultraconservative President Ebrahim Raisi
  • The 2015 deal offered Iran much-needed relief from sanctions that have crippled its economy, in return for curbs on its nuclear program

OPEC expected to maintain course to modestly open taps

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron...
  • Analysts say they expect the group to step up production by 400,000 barrels per day in February
  • The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies drastically slashed output in 2020

Yemen rebels seize UAE-flagged ship as war escalates anew

The Iran-backed Huthis released images of what they said were military jeeps and weapons on board the vessel, named Rwabee,...
  • The incident follows intensified fighting in recent weeks including multiplying Saudi airstrikes on rebel territory
  • The Saudi-led coalition has been fighting for nearly seven years in support of Yemen's government against the Huthis

OPEC names Kuwaiti Haitham al-Ghais as next secretary general

Al-Ghais, who was Kuwait's OPEC governor from 2017 to June 2021, serves as a deputy managing director of the Kuwait...
  • OPEC said that al-Ghais was appointed by acclamation and will take up his three-year post on August 1.
  • He will replace Nigeria's Mohammed Barkindo, who took over the helm of the organization in 2016 and led it for two terms.

Turkey’s President Erdogan to visit Saudi Arabia in February

Turkey's President Recep Tayyip Erdogan on Monday said he will visit Saudi Arabia next month, the Turkish leader's first since...
  • Rocky relations between Turkey and Saudi Arabia worsened significantly after the brutal killing of Khashoggi inside the Saudi consulate in Istanbul on October 2, 2018.
  • But Turkey has been seeking to repair ties with regional rivals including Egypt and Saudi Arabia in the past two years.

Israeli media outlets hacked on Soleimani killing anniversary

Two major Israeli media outlets were hacked early Monday with a threatening message that appeared linked to the killing of...
  • The website of the English-language Jerusalem Post and the Twitter account of Hebrew-language Maariv were taken over with a picture of a fist firing a shell out of a ring.
  • Soleimani, who was often seen wearing a ring with a red stone, was planning imminent action against US personnel in Iraq, the US had said at the time.

Kuwaitis told to avoid European travel over Omicron surge

Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant....
  • The oil-rich Gulf state also urged Kuwaitis already there to return home because of the surge in cases on the continent.
  • Europe has in the past few months again become the pandemic's epicentre and is battling an upsurge of cases spurred on by the highly transmissible Omicron strain.

CES prepares to draw tech crowd despite Covid-19 surge

Multiple companies — including Amazon, BMW, and Microsoft — reduced or canceled their attendance as Covid-19 case numbers broke records,...
  • The 2022 show was meant to be the triumphant return of an event that hosted some 170,000 people and more than 4,500 exhibitors
  • Last year's event was online-only, with organizers saying it was ‘not possible to safely convene tens of thousands of people in Las Vegas’

Sudan PM resigns as deadly crackdown on protests continue

Abdalla Hamdok, a former UN official and Prime minister of Sudan, resigned just six weeks after being reinstated.
  • Sudan’s PM resigned two months after a coup following another deadly crackdown on pro democratic protestors
  • 57 people demanding a civilian government have been killed in protests which were become regular since the coup

Israel strikes Iran’s nuclear sites, kills top generals; Tehran, Iraq shut airspace, casualties reported

Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and...

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Iran ‘following dreams’ in trying to win first Asian Cup since 1976

Doha, Qatar - Iran are "following our dreams" in trying to win the Asian Cup for the first time in 48...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel troops to ‘go into action’ soon at Lebanon border: minister

Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has seen near-daily exchanges of...
  • Israel's army chief Herzi Halevi said earlier this month that the likelihood of war on the northern border has become "much higher"
  • Gallant said Monday that Gaza fighters were running out of supplies and ammunition, but that the war against Hamas "will take months"

UN chief to meet donor nations after UNRWA accusations

Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the...
  • UNRWA said it acted promptly over allegations but that cuts in funding will affect ordinary Palestinians
  • In Gaza people said the support they received from the agency amounted to a lifeline

Qatar says Gaza truce proposal to be sent to Hamas as war rages on

Sheikh Mohammed confirmed that the framework -- which he said might lead to a permanent ceasefire -- includes a phased...
  • Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said "good progress" had been made and the parties were "hoping to relay this proposal to Hamas
  • Israeli Prime Minister Benjamin Netanyahu's office has called the Paris talks "constructive" but pointed to "significant gaps which the parties will continue to discuss"