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

Iran says ready to continue nuclear talks, rejects ‘blame game’

The landmark 2015 nuclear accord was initially agreed between Iran and Britain, China, France, Germany, Russia and the United States....
  • Last Wednesday, Iran submitted two draft resolutions on the lifting of US sanctions and nuclear-related measures.
  • But at the weekend the United States, as well as European participants at the Vienna talks, accused Iran of backtracking

Iraq fishermen in fear of arrest from Iran and Kuwait

Iraqi fishermen live in constant fear of arrest by Iran or Kuwait for mistakenly straying across frontiers.
  • Iraqi fishermen at Al-Faw complain of ‘being harassed’ by both Iran and Kuwait
  • When their boats head for the open seas of the Gulf, currents often take them to Kuwaiti and Iranian waters

Governments helped arms firms avoid Covid-19 slump

Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute...
  • Top 100 arms producers recorded rise in profits by 1.3 percent on 2019 to $531 billion
  • Of the top countries in the weapon industry, only France and Russia saw a fall in their firms' sales last year

Iran president says working to lift sanctions

Ebrahim Raisi, who took office in August, listed inflation, high prices, and tax evasion as among the top challenges facing...
  • Negotiations on the Iran nuclear deal resumed in Vienna last Monday, after Iran had paused talks following Raisi's election in June
  • In 2018, then US president Donald Trump unilaterally pulled out and reimposed sanctions

Incomplete Saddam-era marquee mosque lays bare Iraq divisions

It was meant to compete with the Taj Mahal in grandeur, but former Iraqi dictator Saddam Hussein's monumental Al-Rahman Mosque...
  • Launched in the 1990s amid a crippling Western embargo over Saddam's invasion of Kuwait, the construction of the mosque was designed to be a snub to Washington.
  • The structure is symbol of division between Shiites, now the dominant political force in Baghdad after decades of marginalization in the Shiite-majority Arab state.

Sudan top general denies military could run in elections

Sudan's top general Abdel Fattah al-Burhan on Sunday denied that military and paramilitary members of the transitional administration could run...
  • Sudan has been run by a joint military-civilian ruling council since August 2019, but civilian members were changed following a coup in October this year
  • The statement issued on Sunday said Burhan meant that only ex-rebel groups which signed a peace deal in 2020 could be candidates in the planned elections

Saudi Arabia approves entry of tourists jabbed with Sputnik

Saudi Arabia has granted approval for people vaccinated with Russia's Sputnik jab to enter the country in a move that...
  • Foreign tourists vaccinated with Sputnik will still be required to quarantine for 48 hours and take a PCR test
  • The coronavirus outbreak has for a second year forced Saudi authorities to dramatically downsize the hajj

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare...
  • Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing
  • Didi's move comes in the wake of a sweeping Chinese regulatory crackdown in the past year that has clipped the wings of major internet firms wielding huge influence

Jordan jails hospital chief over Covid deaths

A Jordanian court on Sunday sentenced to three years in jail the director of a state hospital over the deaths...
  • Abdel Razak al-Khashman and four aides were convicted of "causing the deaths" at the Salt state hospital where the patients died after it ran out of oxygen
  • The deaths in March sparked public anger in Jordan and led to the resignation of health minister Nazir Obeidat

UAE official expected in Tehran on rare visit: media

A senior Emirati security official is due in Iran on Monday, ISNA news agency reported, in the latest outreach between...
  • It will be the first visit of an official from the United Arab Emirates to Iran since the Gulf state in 2016 downgraded ties with the Islamic republic
  • That came after protesters attacked Saudi diplomatic missions in Iran following Saudi Arabia's execution of a revered Shiite cleric

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Company News

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Yemen-based Houthis fire missiles at ships in Red Sea, says US

Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...

NATO kicks off biggest military exercise since Cold War

The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed...

Deaf boy can now hear after gene treatment

The US hospital which carried out the treatment said the milestone represents hope for patients around the world with hearing...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Thousands trapped as Israeli troops surround hospitals in Khan Yunis

"Heavy fighting is reported in proximity to hospitals in Khan Yunis, including Al-Aqsa, Nasser and Al-Amal, with reports of Palestinians...
  • In Gaza City, people displaced by the war said they were stuck in a new conflict zone without provisions.
  • "They besieged us in the camp and brought us here, and even here, the shelling continued," Umm Dahud al-Kafarna, originally from Beit Hanun, told AFPTV.

QatarEnergy says Red Sea attacks ‘may impact’ gas shipments

The state-owned giant confirmed in a statement that "Qatar's LNG production continues uninterrupted, and our commitment to ensuring the reliable...
  • Earlier this month, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said LNG shipments would be affected, like other merchant shipping, by the Houthi strikes.
  • His intervention came amid reports of at least five LNG vessels operated by Qatar stopping en route to the Red Sea.

Two Tunisian teenage migrants die in shipping container

Last week, the national guard announced the disappearance at sea of about 40 Tunisians who left from Sfax province, on...
  • The two minors were part of a group of four young people trying to migrate irregularly, spending around eight hours in the cold container
  • The two surviving members of the group were hospitalized and are "in a stable condition", according to the director of civil protection for the Tunis region