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

Twitter bans sharing of photos

Twitter's first policy shift under the new CEO Parag Agrawal
  • Twitter will need a “first person report” of any violations and then would conduct a review
  • The new twitter policy wouldn’t apply to photos or videos taken from large public events

Asian markets mostly up, oil rallies as virus and Fed hold attention

A mild recovery from the previous two days' steep losses was turned on its head in the region on Tuesday...
  • With medical experts saying the full outlook for Omicron was still being assessed, analysts said markets would remain volatile
  • Crude which was pummelled Friday and again Tuesday also enjoyed some advances with both main contracts up more than two percent

Tech 2022 trends: Meatless meat, Web 3.0, Big Tech battles

Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible...
  • Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products
  • In web 3.0, "users, creators and developers would have stakes and votes" in a platform in much the way a cooperative works

Tel Aviv ranked world’s priciest city for first time

Tel Aviv climbed the rankings partly due to the strength of the national currency, the shekel, against the dollar, as...
  • The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU)
  • The Worldwide Cost of Living Index is compiled by comparing prices in U.S. dollars for goods and services in 173 cities

Iran’s Raisi says ending sanctions key to Vienna talks

President Ebrahim Raisi's comments in a phone call with Emmanuel Macron on Monday evening were his first after the reopening...
  • If the Americans lift the sanctions and the Europeans honor their commitments... Iran will meet its obligations too, the president said.
  • The talks in Vienna are the first since Iran paused them after Raisi's election in June and then ignored Western appeals to restart them for several months.

WHO urges ‘rational’ measures against Omicron Covid variant

The World Health Organization called Tuesday for countries to keep calm and take "rational" measures in response to the new,...
  • First reported to the WHO in southern Africa less than a week ago, the new strain has rapidly spread across continents
  • The UN health agency has cautioned against such restrictions, fearing that blocking travel from countries where new variants are first spotted could be unfair

Iraqi cleric Sadr’s bloc declared biggest election winner

Iraq's Shiite Muslim firebrand cleric Moqtada Sadr was Tuesday confirmed the biggest winner of last month's parliamentary election that had...
  • A distant second in the Shiite camp with 17 seats was the Fatah (Conquest) Alliance
  • The final results must now be sent to the federal court for ratification

Multiply Group to list on ADX

Listing opportunity for investors to invest in disruptive technologies.
  • Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.
  • The group has Multiply has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.

Macron urges Iran’s Raisi to respect nuclear obligations

French President Emmanuel Macron has called on his Iranian counterpart Ebrahim Raisi to return to fulfilling Tehran's obligations under the...
  • In telephone talks Macron urged Raisi to engage in a "constructive manner" in the talks that resumed after a suspension of almost half a year
  • European powers are seeking to revive the Joint Comprehensive Plan of Action (JCPOA) that has been moribund since the United States walked out in 2018

Pfizer already working on Covid vaccine targeting Omicron: CEO

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine...
  • Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which was not used
  • On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally

UN summit to tackle ’emergency’ in world’s oceans

Nice, France - A global summit on the dire state of the oceans kicks off Monday in France, with calls...

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NATO to buy ammunitions worth $1.2 billion amid Ukraine war

The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover...

Zee’s shares fall after merger fails

Disagreement over who would lead the new entity led to merger's failure.

Gaza facing catastrophic situation, famine looming: WFP

A study conducted between November 24 and December 7 found that all 2.2 million people living in the Palestinian territory...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel firing in Lebanon kills over 200 since start of Gaza war

Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has witnessed a near-daily exchange...
  • Monday saw air strikes and artillery shelling targeting Lebanese border villages
  • More than 83,000 Lebanese have been forced to flee their homes since hostilities began

India’s stock market edges out Hong Kong to become world’s fourth largest

New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...
  • According to data compiled by Bloomberg, the value of shares listed on Indian exchanges hit $4.3trn on Monday, higher than Hong Kong's $4.29trn
  • Hong Kong's benchmark Hang Seng index, which includes shares of many influential Chinese companies, ended last year 14 percent lower

Up to 15,000 dead in Sudan’s Darfur town, UN experts say

The conflict has claimed more than 13,000 lives, according to a conservative estimate by the ACLED analysis group, on which...
  • Fighting has raged since last spring between army and rebel paramilitary RSF
  • The experts said paramilitaries and their allies "violated international humanitarian law"