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

Stocks dip in Asia ahead of US inflation figures

Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing...
  • Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month
  • And next week's Federal Reserve meeting might offer clues as to the pace of tapering and interest rate increases

ICANN looks to break language barriers on the internet

In the long-run universal acceptance of all languages on the internet is expected to be good for business by allowing...
  • Large parts of the internet remain incompatible with writing systems other than the Latin alphabet
  • Many US websites, for example, would not allow a purchase or subscription if you entered an email address in Tamil or Hebrew

Morocco businessman jailed over 29 deaths in factory flood

The workers were trapped as heavy rains flooded the basement factory in the northern city of Tangiers.
  • The workers were trapped as heavy rains flooded the basement factory in the northern city of Tangiers.
  • Main defendant Adil El Balili was sentenced to 18 months in prison and a fine of $107 for "involuntary homicide"

Airbus looks to go the arbitration way with Qatar Airways

Qatar Airways in August stopped taking deliveries from Airbus over a problem that saw external paint degrading.
  • Qatar Airways grounded 13 of its 53 A350s after the aircraft saw the exterior paint degrade
  • This exposed the metal mesh that protects the composite fuselage from lightning strikes

Iraq bombing targeted officer who was probing activists’ deaths

At least four civilians were killed and four others wounded in Tuesday's motorcycle bombing near a hospital in central Basra....
  • Iraq has seen protests since October 2019, over allegations of rampant corruption and high unemployment rates
  • Since then, dozens of activists and protesters have been targeted in assassinations or attempted killings

Iraq holds funeral for Yazidi mass grave victims of IS

After Iraqi authorities declared victory over the jihadists in 2017, scores of mass graves were discovered across the country, including...
  • After Iraqi authorities declared victory over the jihadists in 2017, scores of mass graves were discovered across the country, including in the Sinjar town of Kojo
  • The first of several mass grave was exhumed in Kojo in mid-March 2019, followed by a long and painstaking process of identifying the remains

American Airlines trims flights

The US carrier is waiting for the new Boeing 787 Dreamliners
  • The major US carrier is still waiting for the new Boeing 787 Dreamliners it ordered and will not resume flying routes in the summer of 2022 as previously planned
  • Demand for long-distance flights has been slow to recover from the pandemic downturn, but US carriers have been eyeing summer 2022 as a key moment in the comeback

Lebanon currency nosedives after central bank move

Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the...
  • Depositors will now be allowed to withdraw limited amounts of their dollar deposits in Lebanese pounds at double the previous rate
  • Black market value of the pound has started slipping back towards last month's record of 25,700 to the dollar

Biden rings the alarm on state of democracy worldwide

"Make no mistake, we're at a moment of democratic reckoning," said Uzra Zeya, the Under Secretary of State for Civilian...
  • The two-day event was billed by the White House as US leadership in an existential struggle between democracies and powerful autocracies or dictatorships
  • The two-day event was billed by the White House as US leadership in an existential struggle between democracies and powerful autocracies or dictatorships

One in four Iraqi exposed to danger of unexploded ordnance

In the northern Iraqi hamlet of Hassan-Jalad, almost every family has a story to tell about a time when a...
  • Explosive remnants of war affect more than 3,200 square kilometers (1,235 square miles) of land -- twice the area of London.
  • A staggering 8.5 million Iraqis live amid these deadly waste-products of war, said UN Mine Action Service.

Gaza’s Al-Amal hospital ‘virtually out of service’: WHO

The Al-Amal Hospital in Gaza, one of the few still operating in the Palestinian territory, is now "virtually out of...

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Microsoft lays off 1,900 staff

The move comes after Activision Blizzard gaming buyout.

UN says Israel army orders Gazans to leave shelter hit by tank fire

"The army called the UNRWA official through the loudspeaker, she went over to them next to the tanks, and they...

Israel far-right minister slams Qatar over Hamas attack

Finance Minister Bezalel Smotrich commented after Prime Minister Benjamin Netanyahu was caught on tape allegedly telling hostages' families this week...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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ECB to urge patience on rate cuts in battle against inflation

The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...
  • Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
  • ECB watchers will be more interested in president Christine Lagarde's press conference

Clean energy largest driver of Chinese GDP growth in 2023: report

China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of...
  • Investment in "clean-energy" sectors accounted for 40 percent of China's GDP expansion last year, researchers at the Finland-based CREA said
  • The researchers examined investment in solar power, electric vehicles, energy efficiency, railways, energy storage, electricity grids, wind, nuclear and hydropower

Fighting focuses on Gaza’s Khan Yunis after deadly shelling hits UN shelter

The deadly incident came after the Israeli army said it had encircled the city, where footage released by the military...
  • Wednesday's attack on the UN shelter for displaced people saw the site hit by two tank rounds, killing nine and injuring 75, said Thomas White, the Gaza head of UNRWA
  • US condemned the attack, with State Department spokesman Vedant Patel saying "civilians must be protected and the protected nature of UN facilities must be respected