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

Australia reach World Cup as Palestinian dreams of a first appearance end

Australia qualified for next year's World Cup in North America while Oman ended Palestine's hopes of a first appearance at...

Economy

ADNOC Gas announces $5 billion investment in Rich Gas Project

Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of...

Business
Geostrategy

WEF says ‘will defer’ Davos meeting over Omicron fears

The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...
  • Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.
  • Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".
Business

BNP Paribas sells US unit Bank of the West for $16.3 billion

French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the...
  • BNP has owned the bank since 1979 and operates 555 branches in 20 US states, with over 9,000 staff.
  • The French lender said the US arm had accounted for around five percent of its group-wide pre-tax earnings of between 12 and 14 billion euros in recent years.
Geostrategy

Dubai airport fully operational for first time since pandemic

Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...
  • Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
  • Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
Arts & Culture

Mosul museum restores pre-Islamic treasures ruined in Iraq war

The Iraqi government is trying to restore ancient artifacts from the Mosul museum.
  • Iraq's 2,500-year-old treasure in Mosul museum is being restored with the help of France's famous Louvre museum
  • An online exhibition will be held to show the Ancient artefacts as soon as the restoration work is complete
Geostrategy

Israel to ban travel to US over Omicron spread

Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...
  • Israel will impose restrictions on traveling to US as Covid-19 curbs widen
  • Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission
Geostrategy

Chinese firms will build 1,000 schools in Iraq

School constructions across Iraq will take two years and three phases.
  • Iraq will pay for the project of building school using oil products
  • The country needs 8,000 schools to fill the gap in the education sector
Economy

UN chief criticizes Lebanon leaders during his visit

Lebanon is in the throes of an economic meltdown that has been called by the World Bank as among the...
  • The UN stands in solidarity with the people of Lebanon, Guterres said at a press conference with Lebanese President Michel Aoun
  • However, he added that Lebanese political leaders ‘do not have the right to be divided and paralyze the country’
Arts & Culture

UAE ends cinema censorship, introduces 21+ age rating

The UAE announced Sunday it will no longer censor cinematic releases, introducing a 21 and above age rating for films...
  • The UAE has decided that it will no longer censor cinematic releases
  • The country has introduced a 21 and above age rating for films it classifies for mature audiences
Geostrategy

UN chief Antonio Guterres on ‘solidarity’ visit to crisis-hit Lebanon

Guterres has previously called on Lebanese officials to unite to find solutions to the country's dire economic crisis, dubbed by...
  • Lebanese leaders do not have "the right to be divided in a moment of such dramatic crisis", Guteres has said.
  • Guterres is set to visit the Beirut port blast site on Monday, holding a minute's silence for the victims.
Arts & Culture

World Cup: Qatar’s bigger test after Arab Cup

More than 600,000 tickets were sold for the 16-team Arab Cup, including a Qatari-record 63,439 crowd when the hosts played...
  • Qatar's challenge is to host a World Cup in and around a single city, Doha, with limited hotel accommodation and a transport network.
  • More than 1.2 million fans and 32 international teams will arrive for the World Cup one year from now.

Australia reach World Cup as Palestinian dreams of a first appearance end

Australia qualified for next year's World Cup in North America while Oman ended Palestine's hopes of a first appearance at...
Economy

Company News

Latest News

Israel says will seek to stop UN agency’s activities in Gaza after war

UNRWA said Friday it had sacked several employees accused by Israel of involvement in Hamas's unprecedented October 7 attack, prompting...

Australia, Canada stop UN agency funding after Israeli allegations

Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of...
Geostrategy

Alaska Airlines’ Boeing 737 MAX9 resumes flight

The voyage comes after the Federal Aviation Administration on Wednesday announced a maintenance and inspection program to clear the MAX...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

End to war: World reacts to Gaza-Israel ruling

The reactions to the top UN court's ruling Friday in the Israel-Gaza case were split along the lines of the...
  • "Today marks a decisive victory for international rule of law and a significant milestone in the search for justice for Palestinian people," said South Africa
  • Qatar's foreign ministry "welcomed the provisional measures" ordered by the ICJ, calling them a "victory for humanity... and international justice"

Yemen’s Houthis claim attack on British oil tanker

US and British forces have launched two rounds of joint strikes aimed at reducing the Houthis' ability to target vessels...
  • It came the same day the US military said one of its warships shot down a missile fired at it by the group, which says it is acting in support of Gaza amid the Israel-Hamas war
  • In the incident involving the US Navy vessel, the Houthis fired an anti-ship ballistic missile from Yemen towards the destroyer USS Carney in the Gulf of Aden, said CENTCOM
Geostrategy

Washington approves sale of F-16 warplanes to Turkey

US Secretary of State Antony Blinken led an intense diplomatic effort to broker the deal, telling the Turkish president three...
  • As required by US law, the State Department notified Congress of the agreement, as well as a separate $8.6 billion sale of 40 F-35s to Greece
  • Turkey will get 40 new F-16s and upgrades to 79 of the jets in its existing fleet, the State Department said in a news release