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

Turkish inflation hits 19-year high in December

Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November.
  • Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November
  • The figure is the highest since October 2002 when inflation reached 33.45 percent, before the party of Erdogan came to power in November that year

Tesla delivers 1m cars

The increase is 87% over the previous year.
  • Tesla announced last January that it was aiming to increase deliveries by 50% per year over several years
  • Tesla has managed to overcome global logistics issues that have plagued the auto industry

Morocco looks to win Africa Cup of Nations title

Morocco head to Cameroon hoping to end a 46-year wait for a second Africa Cup of Nations title.
  • Morocco along with Ghana has not lifted the Cup of Nations trophy for a long time
  • Ghana is likely to finish runners-up to Morocco at worst and could prove awkward knockout opponents

Huawei revenues down 29%

Huawei is the world's biggest supplier of telecoms network gear.
  • Huawei revenues went 29 percent down this year as US has barred Huawei from acquiring crucial components such as microchips
  • Chief financial officer Meng Wanzhou, the daughter of Huawei founder released this year after spending three years under US extradition warrant house arrest in Canada

Baghdad candle vigil honours slain Iran general, Iraqi deputy

On Sunday evening, hundreds of supporters of Hashed al-Shaabi, an Iran-aligned group, gathered at the site, to pay tribute to...
  • On Sunday evening, hundreds of supporters of Hashed al-Shaabi, an Iran-aligned group, gathered at the site, to pay tribute to the slain men
  • The night-time strike, ordered by then US president Donald Trump, hit a car in which Soleimani and Muhandis were travelling on the edge of the airport

Jordan: 118% rise in tourist traffic to Petra city

A total of 236,088 tourists of all nationalities visited the city, including 135,064 non-Arab visitors, 16,026 Arabs 11,615 and 84,776...
  • A total of 236,088 tourists of all nationalities visited the city, including 135,064 non-Arab visitors, 16,026 Arabs 11,615 and 84,776 Jordanians
  • Petra received the majority of its visitors, nearly 150,000 of all nationalities, in the fourth quarter of 2021

AT&T, Verizon defy 5G block

The US had asked them to delay 5G rollout by 2 weeks.
  • The US introduction of the high-speed mobile broadband technology had been set for December 5
  • It was delayed to January 5 after concerns were raised that the new system might interfere with alitmeters

Several Gulf countries renew weather advisories after heavy rains

Authorities in several Gulf countries renewed weather warnings on Sunday as several days of heavy rains batter the usually arid...
  • In Sharjah, pedestrians and vehicles were caught up in brown-colored water.
  • The Saudi civil defense warned that moderate to heavy rain was expected to continue in several regions. 

Qatar’s Nasser al-Attiyah wins first Dakar special

The 51-year-old, looking to win the race for the fourth time, finished the stage 12 minutes and seven seconds quicker...
  • The 333-kilometer loop around northern Saudi Arabia saw several competitors suffer navigational difficulties, resulting in large time gaps.
  • Record 14-time Dakar winner Stephane Peterhansel, nicknamed "Monsieur Dakar", lost a lot of time after losing a wheel of his Audi.

Record cargo shipped through Egypt’s Suez Canal last year

Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day...
  • Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of global maritime trade and is a source of much-needed foreign currency for Egypt.
  • The number of ships using the canal rose from 18,830 in 2020 to 20,694 in 2021, or more than 56 ships per day.

Flames and smoke in aftermath of crashed India passenger jet

While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...

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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...

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...

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

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Saudi Aramco halts plan to raise production capacity

Tuesday's announcement was not expected to have an immediate effect on production or exports. After a series of oil supply...
  • Riyadh announced the planned production capacity increase in October 2021, the same month it pledged to achieve net zero carbon emissions by 2060
  • That applies to emissions that are produced directly by Aramco's industrial sites, but not the CO2 produced when clients burn Saudi oil in their cars

Toyota sells record number of vehicles in 2023

It is the world's top automaker for the fourth year in a row.
  • The automaker consolidated its position as the world's top-selling automaker for the fourth successive year
  • Toyota said that by next year it plans to have an electrified version for every Toyota and Lexus model globally

We want complete ceasefire, not temporary truce: Hamas

Taher al-Nunu, a senior Hamas official, said his group wanted a "complete and comprehensive ceasefire, and not a temporary truce."...
  • Extensive talks in Paris had resulted in a framework for a phased truce
  • The framework would see women and children hostages released first