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

Thousands rally in Iraq to mark 2020 killing of Iran general

Iranian general Qasem Soleimani and Hashed commander Abu Mahdi al-Muhandis were killed in a US drone strike outside Baghdad airport...
  • Iraq marks the second anniversary of General and his Iraqi lieutenant death in a US drone strike, rallied against US
  • Former US president Donald Trump ordered the strike that killed Soleimani, saying it was for attacks on US interests in Iraq

US further delays 5G rollout to study impact on aircraft safety

US authorities have asked telecom operators AT&T and Verizon to delay their 5G rollout for up to two weeks. The...
  • The US rollout of the high-speed mobile broadband technology had been set for December 5
  • However, it was delayed to January 5 after Airbus and Boeing raised concerns about potential interference with altitude devices

Iraqi women raise voice against domestic violence

The marriage of minors is rising in Iraq, with a government survey reports that for females under 18 it jumped...
  • Women's rights groups seeks government endorsement of a draft law on domestic abuse
  • In cases of domestic abuse, judges often push for 'reconciliation' in Iraq

Iran gas platform out of service after catching fire

The gas transmission pipeline of platform 16 of South Pars gas field started leaking on the seabed.
  • Gas leaking from the platform caught fire after a lightning strike
  • The platform is now 'not operational' and repairs were underway

Turkish-Armenian writer to be deported after arrest in Greece

The writer was jailed in Turkey in 2014 on charges of illegal construction, which he claims were punishment for his...
  • A prominent Turkish-Armenian writer living with temporary permit in Greece after fleeing a Turkish prison faces deportation
  • The blogger had been convicted in Turkey of blasphemy over a 2012 blog defending an anti-Islam film

EU moves to label nuclear, gas energy as ‘green’

The fact that the European Commission quietly distributed the text of this proposal to member states late on Friday, in...
  • The proposal aims to support the 27-nation bloc's shift towards a carbon-neutral future
  • It also looks to gild the EU’s credentials as a global standard-setter for fighting climate change

Tunisia launches national consultation to make new constitution

Eligible topics include electoral, economic, financial, social, developmental, health, education and cultural affairs.
  • The move is part of a reform package pushed by President Kais Saied
  • The exercise calls on citizens to send in suggestions and will last until March 20

Endangered big cat trapped in northern Iraq

The leopard which was given anesthetic before it was captured, is believed that fewer than 1,000 exist in the wild,...
  • Before being captured, the big cat sustained a wound to its back leg when it was caught in a trap
  • Villagers near the town of Zakho lost around 20 sheep before realizing a leopard was attacking their flocks

Covid-19 clouds hover over world’s New Year party

As the year drew to a close, the emergence of the Omicron variant pushed the number of daily new Covid-19...
  • As the pandemic enters its third year, it still dominates life around the globe
  • Seoul to San Francisco, new year celebrations were canceled or curtailed

UN asks Yemen govt to add new equipment to Sanaa airport

Flights into the rebel-held capital Sanaa have been largely halted by a blockade since August 2016, but there have been...
  • Yemen has been wracked by civil war since 2014, with the government supported by the Saudi-led coalition
  • On the other side are the Iran-backed Houthi rebels, who control much of the north, and reopened the airport on December 27

Chip-maker Micron expands US investment to $200 bn backed by Trump

Washington, United States -- Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200...

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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...

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...

Toyota sells record number of vehicles in 2023

It is the world's top automaker for the fourth year in a row.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hong Kong court orders liquidation of China’s Evergrande

Evergrande's demise has been closely watched as it was once a pillar of China's economy, with the construction and property...
  • The order kickstarts a long process that should see Evergrande's offshore assets liquidated and its management replaced
  • The company's executive director vowed the Hong Kong court's decision would not impact its operations domestically

Israeli troops bulldoze, desecrate Palestinian graves in Gaza

Palestinian Territories - Even the dead are not spared by the Hamas-Israel war raging in Gaza, with bodies dug up...
  • In Gaza City's Al-Tuffah district, shrouded corpses of Palestinians torn from their graves lay atop muddied earth.
  • Israel's military had bulldozed the site and exhumed bodies, according to an AFP photographer who visited it.

WHO urges limiting trans fat across the world

Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid...
  • The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by 2023, amid evidence they caused 500,000 premature deaths every year
  • 53 countries covering 46 percent of the world's population are now implementing best practice policies on the toxic substance -- up from 11 countries and six percent in 2018