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

Cham Wings halts Minsk flights

The airline cited the Belarus-Poland border crisis as a reason.
  • Syrian airline stopped flying to Minsk due to the increasing tension of migrants moving to Poland
  • This, even as hundreds of migrants mostly from the Middle East remained trapped on the Belarus-Poland border

Saudi Arabia launches its first women’s football league

The league is a part of the federation’s 2017 program to support women's football.
  • The Saudi football federation has launched the first edition of a women's football league
  • This tournament will be held on November 22 this year, in two phases

Egypt questions new desert capital and its costs

Egypt President Abdel Fattah al-Sisi is building a new capital, whose construction costs are already under a microscope.
  • The city, on the outskirts of Cairo, is forecast to cost around $45 billion, and is roughly the size of Singapore
  • The construction costs have raised questions about spending priorities in a country where one in three people live in poverty

Turkey rebuffs Macron call for Libya troop withdrawal

Turkey on Saturday rebuffed French President Emmanuel Macron's call on foreign powers to remove their forces from Libya as part...
  • The North African country has been mired in civil war since the overthrow of dictator Moamer Kadhafi in a 2011 uprising
  • The bloodshed has drawn in competing Libyan factions and Islamist groups as well as foreign powers

Airbus recovers, Boeing reels

Boeing has endured a series of crises as Airbus recovers.
  • Aviation sector is recovering from Covid-induced slump
  • Airbus will display the A321neo, its latest single-aisle plane, in Dubai

Turkey accuses Israeli couple of ‘espionage’ after taking photo

An Istanbul court on Friday charged an Israeli couple with "espionage" after they allegedly took a photo of the Turkish...
  • The couple were detained on Thursday after visiting Camlica tower which opened last year in the district of Uskudar on the Asian side of Istanbul
  • Israeli Foreign Minister Yair Lapid's office issued a statement on Friday insisting the couple "do not work for any Israeli agency"

Iran football team cries foul over facilities

Iran's footballers feel they are being taken for granted by their national federation. They have complained that they have not...
  • Iranian footballers have said they feel their federation is taking them for granted
  • They have complained that they have not received new shirts for a year now

Elon Musk sells $6.9bn in Tesla shares after Twitter poll

Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10...
  • Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10 percent of his huge stake in the electric carmaker.
  • Tesla shares had plummeted at the Wall Street opening on Monday and have fallen further since

Qatar will act on US interest in Afghanistan

The Gulf country has played a significant role both in diplomacy and evacuations as the US ended its 20-year war...
  • Qatar signed to work on America's interest in Afghanistan, to bridge Taliban
  • Qatar has sent 15 charter planes to Afghanistan, and also offered to repair its Kabul Airport

Biden, Xi to hold virtual summit as tensions mount on Taiwan

The virtual talks will take place "in the evening" on Monday in Washington -- meaning early Tuesday in Beijing.
  • The virtual talks will take place "in the evening" on Monday in Washington -- meaning early Tuesday in Beijing
  • The US president has largely kept the tougher approach on Beijing of his predecessor Donald Trump

Israel army announces 4 soldiers killed in Gaza, thousands more troops needed

News of the soldiers' deaths came as Gaza's civil defence agency reported 38 killed Friday in Israeli attacks across the...

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US-led coalition base in Iraq hit by missiles

Al-Asad airbase was targeted by 15 rockets" fired from Anbar province, which is home to the military base, an Iraqi...

NASA loses contact with its mini-helicopter on Mars

WASHINGTON, US - NASA has lost contact with its tiny helicopter Ingenuity during the hard-working craft's 72nd flight, the space agency...

Tata Group retains IPL sponsorship rights for record $300m

New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas rejects US president’s comment on two-state solution

A senior Hamas official dismissed comments by US President Joe Biden about the possibility of Israel agreeing to the establishment...
  • "The illusion that Biden is preaching about a state of Palestine and its characteristics does not fool our people," a Hamas member said.
  • The call between Biden and Netanyahu came a day after the Israeli leader said he opposes allowing Palestinian sovereignty.

Iran launches research satellite, says minister

Iran's Revolutionary Guards launched a research satellite, a minister said, putting it into a higher orbit in a milestone for...
  • "The Soraya satellite of the Iranian Space Organization... was successfully launched with the Ghaem-100 satellite carrier of the Islamic Revolutionary Guard Corps," a report said
  • It cited Telecommunications Minister Issa Zarepour as saying that the satellite, which weighs about 50 kilograms (110 pounds), was put in orbit 750 kilometers above Earth

US carries out fresh strikes against Yemen’s Houthis

Washington is seeking to reduce the Iran-backed Houthis' capabilities, but the Yemeni rebels are still able to attack despite a week...
  • The air campaign against the Houthis began last week with American and British strikes on nearly 30 sites in Yemen using more than 150 munitions
  • Washington is also seeking to put diplomatic and financial pressure on the Houthis, re-designating them as a "terrorist" entity