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

The most eye-catching products at Vivatech fair

For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...

Iran announces new space launch amid nuclear talks

Iran announced Thursday it has carried out a new space launch, in a move likely to irk Western powers amid...
  • Iran insists its space programme is for civilian and defence purposes only, and does not breach the nuclear deal or any other international agreement
  • UN Security Council Resolution 2231 of 2015, endorsing the nuclear deal, imposed no blanket ban on Iranian rocket or missile launches

Saudi boosts pandemic measures at Makkah’s Grand Mosque

Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of...
  • Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque.
  • The kingdom has recorded 8,874 Covid deaths, the highest number of fatalities among the Gulf Arab countries.

Critics of Turkish lira slide threatened with lawsuit

Finance Minister Nureddin Nebati urged citizens to sue economists who comment on social media about the lira's slide. His remarks...
  • Lira entered a tailspin that saw it lose nearly half its value from the start of November to the moment President Erdogan announced new currency support measures last week.
  • Nebati accused the commentators of using "psychological warfare" by urging Turks to buy gold and dollars in order to preserve their savings against further lira declines.

Emirates upbeat on growth despite global surge in Covid cases

Aviation giant Emirates said Thursday it expects business to grow next year despite the surge in global coronavirus cases fueled...
  • The carrier said in November it was already on the path to recovery as six-month losses dropped by more than half from a year earlier.
  • The carrier posted an April-September loss of $1.6 billion, compared with losses of $3.4 billion during the same period in 2020.

Aleppo bathhouse boom as Syria crisis turns showers cold

The ancient bathhouses of Syria's second city Aleppo are filling up again, not because of a revived fad, but due...
  • With their marble steam rooms, hexagonal fountains and distinctive domes, Aleppo's bathhouses have for centuries served as a social hub
  • Shortages of water, fuel and electricity across war-torn Syria have also turned them into a refuge for those looking for a long, warm bath during the cold winter.

Saudi king asks Iran to end ‘negative behavior’ in the region

King Salman said, ‘We hope (Iran) changes its policy and negative behavior in the region, and it heads towards dialogue...
  • Saudi Arabia and Iran have had bitter ties for decades, taking opposing sides in a range of regional conflicts
  • This includes Yemen, where Saudi Arabia leads a military coalition against Iran-backed Huthi rebels

Iran federation defends footballer in jersey row

Mehdi Mahdavikia recently wore a jersey featuring the flags of all FIFA member countries, including Israel, during a friendly match...
  • Mehdi Mahdavikia ‘must apologize to the Iranian people for his act and must stand trial because he has betrayed the Iranian nation’ an MP has said
  • ‘He is one of the greats of Iranian football’ and ‘a symbol of pride for the Islamic Republic of Iran’, the federation has said

Years after war, health sector ailing in Iraq’s Mosul

Apart from the hospitals, the rest of Mosul is also struggling to regain a sense of normalcy. Residents crowd into...
  • The former stronghold of the Islamic State group, Mosul was devastated by the battle to oust the jihadists that ended in summer 2017
  • More than four years on, the northern metropolis remains a patchwork of gutted concrete carcasses interspersed between buildings under construction

2021: A year of space tourism, flights on Mars, China’s rise

Beyond the science milestones, billionaires battled to reach the final frontier first, an all-civilian crew went into orbit.
  • Beyond the science milestones, billionaires battled to reach the final frontier first, an all-civilian crew went into orbit
  • China's Tiangong (Palace in the Sky) space station -- its first long-term outpost -- was launched in April, while its first Mars rover, Zhurong

Samsung eyes Biogen for $42bn

Biogen is known for its Alzheimer’s drug Aduhelm.
  • Biogen is known for medicines to treat multiple sclerosis in addition to Aduhelm
  • It was founded in 1978 by a team that included Nobel Prize winners Walter Gilbert and Phillip Sharp

The most eye-catching products at Vivatech fair

For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...

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Latest News

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...

Residents of Gaza lament suspension of UN agency funding

Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...

Toyota to suspend shipments of 10 models due to testing irregularities

Tokyo, Japan - Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Pakistan and Iran vow to restore ties after cross-border strikes

Tehran carried out strikes against an anti-Iran group in Pakistan on January 16, the same week the nation's military targeted...
  • During Pakistan visit, Iranian foreign minister said the hostilities could not be described as a "crisis" because relations had always been strong
  • Pakistan Foreign Minister Jalil Abbas Jilani told the same briefing that both sides had agreed to strengthen dialogue at all levels

Ryanair quarterly profit dives 93%

The carrier flies mostly throughout Europe.
  • The carrier, which flies mostly throughout Europe, said net profit slumped to 14.8 million euros ($16 million) in the final three months of 2023
  • Chief executive Michael O'Leary said Ryanair was narrowing its forecast for annual net profit to a range of 1.85 billion and 1.95 billion euros

Iran denies links to Jordan drone strike that killed 3 US troops

US President Joe Biden said on Sunday that "radical Iran-backed fighters groups operating in Syria and Iraq" were behind the...
  • US Central Command said 34 personnel were also wounded, eight of whom required evacuation
  • The strike marked the first US military losses since the war between Israel and Hamas began