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 to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.

Omicron hits Christmas weekend travel: Over 6,000 flights scrapped

More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...
  • Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19
  • A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business

Tunisia rescues 48 illegal migrants at sea

Tunisian coastguards have rescued 48 illegal migrants trying to reach Europe from neighboring Libya in a makeshift boat.
  • The migrants —15 from Mali, 15 Syrians and four Egyptians — were intercepted and rescued off Zarzis when their boat broke down
  • The rescued migrants were taken to El Ketef port before being transferred to International Organization for Migration premises

Iran won’t enrich uranium beyond 60% if talks fail, says official

Atomic Energy Organization of Iran director Mohammad Eslami said the enrichment levels were related to the needs of the country.
  • The 2015 nuclear deal offered Iran relief from sanctions in return for curbs on its nuclear program
  • It was derailed in 2018 when the US unilaterally withdrew under then president Donald Trump

James Webb telescope sets off to help map the universe

The James Webb Space Telescope was some three decades and billions of dollars in the making.
  • Its mirror measures 6.5 meters in diameter — three times the size of the Hubble's mirror
  • Its orbit will also be much farther than Hubble, which has been 600 kilometers above the Earth since 1990

Tear gas fired on anti-coup rallies in Sudan

Sudan anti-coup protesters faced tear gas at a democracy rally while General Abdel Fattah al-Burhan defended October's military takeover.
  • Safety forces dispersed the thousands of protesters with truncheons and firing tear gas canisters
  • Activists condemns sexual assaults throughout these protests, with the UN stating that at least 13 women and girls were raped

Iranian envoys get Saudi visas for diplomatic posts

Saudi Arabia has granted visas to Iranian diplomats as part of a routine procedure for representatives of a member state...
  • Three diplomates from Iran receives Saudi visa for OIC posts in Jeddah
  • Iran and Saudi Arabia held several rounds of talks since April to improve diplomatic relationships

Residents in frustration and unease over Libya poll delay

The poll was meant to take place just over a year after a landmark east-west ceasefire. The delay will be...
  • Libya’s electoral board has suggested pushing the vote back by a month to January 24
  • However, given political animosity between different stakeholders, agreeing a new date may not be easy

Canada climate crisis impacts agricultural production and supply chains

Flood devastation, heavy rainfall, and Drought in Canada cause severe damage to the food supply chain and agricultural production.
  • Japan's McDonald has been forced to ration fries as the British Columbia floods jam potato imports
  • Canada's westward supply links are very, very vulnerable and not resilient enough to climate change

McDonald’s Japan rations fries

It will sell only small-sized French fries for a week.
  • McDonald’s said it is limiting fries’ sale in Japan to ensure that customers can still order them
  • This, even though the ‘stable procurement of resource materials’ is proving difficult

NASA telescope to launch a million-mile voyage.

The James Webb Space Telescope, some three decades in the making, will leave Earth enclosed in its Ariane 5 rocket...
  • The James Webb Space Telescope, some three decades in the making, will leave Earth enclosed in its Ariane 5 rocket from Kourou Space Centre in French Guiana
  • The launch, scheduled in a brief window after 9:20 am (1220 GMT), will send the telescope on a month-long journey to its remote orbit

Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.

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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...

US, Egypt, Qatar and Israel officials in Paris talks for Gaza ceasefire

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

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Turkey earthquake survivors seek justice one year on

The disaster, which killed more than 50,000 people in all, was Turkey's deadliest in many centuries. President Recep Tayyip Erdogan...
  • More than 200 contractors and developers were arrested in the immediate aftermath of the quake, some tried to flee abroad and were detained at Istanbul airports
  • But lawyers representing victims' families fear that numerous contractors may escape blame because much of incriminating evidence disappeared when bulldozers cleared the debris

Trump stokes opposition to Biden border plan

With immigration one of the hottest electoral issues in what increasingly looks like a Trump-Biden rematch for the White House,...
  • Joe Biden threw his weight behind the proposed bill on Saturday
  • Donald Trump has instead continued to castigate Biden over "open borders"

Iran puts three satellites simultaneously into orbit

Western governments including the United States have repeatedly warned Iran against such launches, saying the same technology can be used...
  • The Mahda satellite, which weighs around 32 kilograms and was developed by Iran's Space Agency, is designed to test advanced satellite subsystems
  • The other two, Kayhan 2 and Hatef, weigh under 10 kilograms each and are aimed to test space-based positioning technology and narrowband communication