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

Morocco says it has foiled IS terror plot with US help

The Moroccan authorities also arrested an alleged supporter of the outlawed organization, saying it was ‘the culmination of close collaboration’...
  • A suspect arrested in connection with the plot was said to be an extremist belonging to the so-called Islamic State group
  • The 24-year-old was said to be hailing the Sala Al-Jadida region north of the Moroccan capital of Rabat

Covid-19 rules shuttering Hong Kong aviation: Qatar Airways chief

Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned...
  • Qatar Airways CEO Akbar Al Baker took issue with a border-control rule that temporarily bans airlines that have brought in infected passengers
  • Last month, British Airways announced it was suspending Hong Kong flights after crew members were required to quarantine following a positive Covid-19 test among the staff

Tunisia protests on revolution anniversary as economy spirals

Many Tunisians are tired of a system that is seen as graft-ridden and ineffective, and have welcomed the protests.
  • Tunisian President Kais Saied has prolonged his suspension of parliament until elections in December 2022
  • He also announced a nationwide public consultation to draw up a new constitution

Fed official sees first US rate hike in spring 2022

Fed Governor Christopher Waller said the decision announced Wednesday gives policymakers the ability to respond quickly with an increase in...
  • The Fed earlier this week announced it will accelerate the end to its stimulus program after inflation last month saw its biggest jump in nearly four decades
  • Quarterly forecasts from Fed policymakers also released this week signaled the likelihood of three interest rate hikes next year

Mubadala Championship: Nadal loses to Murray but both are pleased

In a battle of two former world number ones, the Scot won 6-3, 7-5 in the semi-final of the Mubadala...
  • In a battle of two former world number ones, the Scot won 6-3, 7-5 in the semi-final of the Mubadala World Tennis Championship
  • Nadal, who had played just two matches in six months was back in action for the first time since August

Cyprus, Jordan sign bilateral deals, discuss regional developments

Jordan's King Abdullah II paid an official visit to Cyprus on Friday for talks with President Nicos Anastasiades, during which...
  • The two leaders discussed bilateral relations, as well as climate change and efforts to combat Covid-19
  • The agreements covered issues including double taxation and the extradition of fugitives

Lebanon crisis exposes 1 million children to violence: UN

Lebanon's spiraling economic crisis is causing abuse against children to soar and is putting one child out of two at...
  • One in two children in Lebanon is at serious risk of physical, emotional, or sexual violence, as families struggle to cope in the country’s deepening crisis, UN said.
  • New threats against children were appearing such as "destitute families abandoning babies in the streets and children facing increased risk of abduction".

Ben Sulayem first non-European president of International Automobile Federation

Mohammed ben Sulayem became the first non-European to be elected president of the International Automobile Federation (FIA) on Friday and...
  • The 60-year-old Emirati gained 61.62 percent of the votes cast compared to 36.62 percent for his sole rival Britain's Graham Stoker.
  • Ben Sulayem, 14 times the Middle East rally champion, was supported by his region, which is becoming increasingly influential in motorsport.

Saudi camel beauty pageant hit by cheating

The King Abdulaziz Camel Festival is an annual bedouin event held in the desert northeast of Riyadh that lures breeders...
  • As many as 43 entrants were disqualified for botox injections and other cosmetic enhancements.
  • The enhancements are made in a bid to make the camels' lips droopier and their humps more shapely -- key attributes in the pageant.

US hits China with new trade curbs, sanctions over Uyghur rights

The United States on Thursday unleashed a volley of actions to censure China's treatment of the Uyghur minority, with lawmakers...
  • The US Senate unanimously voted to make the United States the first country to ban virtually all imports from China's Xinjiang region over forced labor concerns
  • Rights experts, witnesses and the US government say more than one million Uyghurs and other Turkic-speaking Muslims are incarcerated in camps

Israel deports Greta Thunberg after intercepting Gaza-bound aid boat

Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...

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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...

Airbus and Tata to build helicopter assembly line in India

Paris, France - Airbus will build a helicopter assembly line in India with Indian conglomerate Tata, the European aircraft manufacturer said Friday....

Telegraph boss quits as UK investigates UAE-backed takeover

London, United Kingdom - The head of Britain's Telegraph Media Group has stepped down, the company announced on Friday, as the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Education campaigners alarmed as homeschooling rises in England

LONDON, UK - Education campaigners demanded government action on Friday after new figures revealed that the number of children in England...
  • Nearly a quarter of parents involved said they were keeping children at home primarily as a "lifestyle choice" or for "philosophical or preferential reasons".
  • These were the most commonly given main reasons, ahead of mental health factors (eight percent) and general dissatisfaction with the school (six percent).

Boeing faces heat over quality control after Alaska Airlines fiasco

The Alaska Airlines episode represents the most serious operational problem for Boeing since two crashes on 737 MAX 8 planes...
  • "The quality assurance issues we have seen are unacceptable," said Michael Whitaker, head of the Federal Aviation Administration
  • The agency has vowed "more boots on the ground" for a comprehensive investigation of Boeing and contractor Spirit AeroSystems

Israeli carrier cancels South Africa flights citing less traffic

Jerusalem, Undefined - Israeli flag carrier El Al said Friday it will scrap direct flights to South Africa following "a significant...
  • "From the end of March 2024, El Al will suspend its operations on the Johannesburg-Tel Aviv route," an El Al statement said.
  • The case brought by South Africa in the top United Nations court has significantly strained relations with Israel