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

Turkey, Qatar await Taliban green light to run Afghan airports

Private Turkish and Qatari companies have agreed to jointly operate five airports in Afghanistan, although they are still waiting to...
  • Afghan civil aviation ministry spokesman Imamuddin Ahmadi told AFP that "no deal has been signed yet".
  • The Taliban have already rejected Turkey's offer to provide security for Kabul airport, which offers an escape route for civilians seeking to flee.

Here are some significant records of 2021

From sizzling temperatures and the longest blockage of Suez and pensioners in space, a look at some of the most...
  • Nepal's Kami Rita Sherpa beat his own record for climbing Everest, claiming a 25th successful ascent to the roof of the world in May.
  • The United States carried out its biggest ever airlift in the wake of the Taliban takeover of Afghanistan in August.

Qatar suspends leave for healthcare staff amid Covid surge

Qatar's main healthcare provider has suspended leave for all medical and administrative staff dealing with Covid, as infections surge across...
  • Since the pandemic began, Qatar has recorded more than 248,000 infections, including 616 deaths. Monday's tally of 343 infections was the highest since May.
  • The six members of the GCC have recorded more than 2.5 million cases, among them over 19,000 deaths.

US scientist, dubbed ‘modern-day Darwin,’ dies

Edward O Wilson, an award-winning biologist and longtime Harvard professor, died on Sunday at the age of 92.
  • US scientist, professor, and author whose study of insects and clarion call to protect Earth earned him the nickname "Darwin's natural hair," died
  • Edward O. Wilson, considered the world's leading expert on ants, proved that their colonies communicate through a system of chemicals known today as pheromones

Lebanon president calls for end to government boycott

President Michel Aoun has called for national dialogue on matters including a defense strategy.
  • Lebanese president hinted at friction with the Hezbollah for blocking Cabinet meetings since October
  • The Hezbollah is spearheading a boycott of the Lebanese govt over demands to replace a judge

Tech 2022 trends: Meatless meat, Web 3.0, Big Tech battles

Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible...
  • Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products
  • In Web 3.0, "users, creators and developers would have stakes and votes" in a platform in much the way a cooperative works

Libya’s parliament refuses to fix date for delayed polls

The vote, set for Friday, was meant to be the culmination of United Nations-led efforts to drag Libya out of...
  • On Monday the parliamentary committee charged with overseeing the election presented a report saying it would be risky to set a new date at this stage
  • That was a direct rebuff to the High National Electoral Commission (HNEC) which had suggested holding the vote on January 24

Iraq’s top court rejects fraud claims, ratifies election results

The ruling will allow parliament to meet and pave the way for the election of a president who will then...
  • Judge Jassem Mohamed Aboud of the Federal Supreme Court rejected a complaint of irregularities filed by the pro-Iran Hashed al-Shaabi former paramilitary alliance.
  • The Hashed had also organized protests over the preliminary election results. One protester was killed and more than 100 injured in November.

Iran seeks assurances on sanctions as nuclear talks resume

Iran said nuclear talks that are set to resume Monday in Vienna should focus on lifting sanctions on the Islamic...
  • Negotiations to salvage the 2015 Iran nuclear deal resumed in late November, after a five-month hiatus following the election of Iran President Ebrahim Raisi.
  • The talks seek to bring back the United States, after it withdrew from the accord in 2018 under president Donald Trump and began imposing sanctions on Iran.

Climate change 2021: There’s no turning back now

Dedicated experts at COP26 hailed solid even historic advances in beating back the existential threat of global warming.
  • Activist Greta Thunberg dismissed the two-week Glasgow summit as a 'greenwashing festival'
  • Gauging the efficacy of measures announced at the COP26 summit largely depends on the yard

Gaza rescuers say Israel fire near aid centre kills 31

The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...

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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...

Iran puts to death men convicted of spying for Israel

The four defendants, identified as Mohammad Faramarzi, Mohsen Mazloum, Wafa Azarbar, Pejman Fatehi, were arrested in July 2022 and accused...

Philips to halt sales of sleep machines in US

It posted losses to the tune of US$502m during the year 2023.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Houthi rebels open seized cargo ship to sightseers

For about a dollar per trip, male-only groups of visitors can board wooden boats five times a week to the...
  • On board the ship, some visitors performed a traditional dance featuring the daggers that many Yemenis carry tucked into their belts, accompanied by chants glorifying the Houthis
  • A Yemeni visitor Hamada al-Baydani, said he had travelled 400 kilometers (250 miles) from Al-Bayda, to see the seized ship, which he labelled "a source of pride for Yemenis

US vows to respond after troops killed in Jordan

US President Joe Biden held Iran-backed fighters responsible for the killing of US troops and vowed to hold the perpetrators...
  • In South Carolina, the president held a moment of silence for the slain troops
  • CENTCOM said that the attack had hit a logistics support base in northeast Jordan

Oil rises on fresh Middle East fears after attack on US base

"The news of three US troops being killed by a drone attack, and President Biden saying 'we shall respond', will...
  • The attack - which came two days after Yemen's Huthi rebels struck a vessel in the Red Sea - ramped up tensions in the region
  • Both main crude contracts rose more than one percent in early trade - hitting levels not seen since November - before paring the gains slightly