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

GE, J&J, Toshiba to split in trend to boost value

The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor...
  • The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor at the University of Pennsylvania's Wharton School
  • GE, like Japan's Toshiba, announced it was splitting into three companies, involved in aviation, health and energy

Oil-exporter UAE accepts future is not oil: US delegation

UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler...
  • Both the UAE and Saudi Arabia, the number one oil exporter, have announced net zero carbon goals
  • Hoyer said the UAE's hosting of COP28 in 2023 shows it is committed to clean energy

Qatar FM calls for halt to normalization with Syria after UAE visit

Qatar's top diplomat voiced hope Friday for a halt to normalization with Syrian President Bashar al-Assad after his counterpart from...
  • "We hope that countries will be discouraged from taking further steps with the Syrian regime"
  • The United Arab Emirates and Qatar are both close US allies, although they have had a rift in recent years

Iraq to repatriate citizens ‘who volunteer’ from Belarus

Iraq said on Friday it was drawing up lists of those among the hundreds of Iraqis blocked on the border...
  • Hundreds of migrants and asylum-seekers, many of them Kurds from Iraq, have been stuck for days on the Belarus-Poland border in near-freezing temperatures.
  • Poland is refusing to allow them to cross, with the West accusing Belarus of bringing them into the country to send over the border in revenge for sanctions.

Turkey bans Iraqis, Syrians, Yemenis from flying to Belarus

Ankara on Friday banned citizens of Syria, Iraq and Yemen from flying from Turkish airports to Belarus because of the...
  • The announcement followed an urgent round of diplomatic contacts between Polish, Turkish and European officials aimed at stemming the flow of people
  • Turkish Airlines on Tuesday rejected charges that its flights "prepare the ground for illegal migrant trafficking"

Porters carry Istanbul’s trade traditions on their backs

The zenith of Istanbul's porter tradition to the early 1800s, when Sultan Mahmud II ruled what was still known as...
  • The porters usually work in squads, under the leadership of a captain who is responsible for coordinating jobs with merchants and distributing pay at the end of shifts.
  • More than a hundred merchants in the building rely porters as ordinary carts on wheels are of little use in old dwellings without elevators and only narrow hallways.

Tunisia MP jailed for sexual abuse of minor

A Tunisian member of parliament was sentenced Friday to a year in prison for sexually harassing a schoolgirl in a...
  • The victim's lawyer, Naima Chabbouh, said Makhlouf had been found guilty of indecent assault after a court session that went late into Thursday evening
  • Reacting to Friday's ruling, women's rights group Aswat Nissa said it was "pleased with this historic judgement"

Lebanon is failing its people, says UN envoy

Lebanon's government, formed in September, has yet to take serious action to stop its downward spiral.
  • The price of essential foodstuffs has almost quadrupled in just one year, according to latest data from the Lebanese government
  • Inflation rate averaged 131.9 percent over the first six months of 2021, the World Bank has said

Climate and Covid recovery loom large over Dubai air show

Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.
  • Air traffic has bounced back since the easing of restrictions, though it was still 53 percent lower in September than its pre-pandemic levels.
  • Airbus will show off its A321neo -- the latest model in Airbus's A320 narrow-body series -- and its twin-aisle A350.

US museum pays record $53m Caillebotte art

The Getty Museum in Los Angeles purchased Gustave Caillebotte's painting Young Man at His Window for $53 million.
  • The painting was part of the Cox Collection of Impressionist art, named for Texas businessman Ed Cox who died in 2020
  • The auction also included three works by Vincent van Gogh, which brought in more than $150 million

Israel army issues evacuation warning for parts of Gaza City

"This is a final and urgent warning ahead of an impending strike," army spokesman Avichay Adraee said. The army "will strike...

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Coach Mancini warns Saudi against taking Kyrgyzstan lightly

Doha, Qatar - Roberto Mancini warned Saudi Arabia against falling victim to the kind of Asian Cup shock suffered by favorites...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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5 dead in Israel strike on Syria targeting ‘Iran-aligned leaders’: monitor

The mid-morning strike, which caused a large plume of smoke to billow into the sky, was also reported by Syrian...
  • Targeted neighborhood is known to be a high-security zone home to leaders of Iran's IRGC and pro-Iran Palestinian factions
  • "They were for sure targeting senior members" of those groups, said Observatory director Rami Abdel Rahman

Israel to allow flour shipments for Gaza through key port: US

Three UN agencies -- the World Food Program (WFP), UNICEF and the World Health Organization (WHO) -- pushed for the...
  • The move comes days after the UN called on Israel to allow access to the port for the urgent delivery of humanitarian aid for Gaza
  • US teams would "separately work on options for more direct maritime delivery of assistance into Gaza," the Whit House statement said

Israel bombards Gaza’s south as leaders discuss post-war future

Netanyahu has said Israel expects the war to continue for months, but his comments on Thursday rejecting a so-called two-state...
  • Witnesses said the Israeli bombardment was again focused overnight on Khan Yunis, the largest city in Hamas-controlled Gaza's south
  • Biden and Netanyahu held their first call since December 23 a day after the Israeli leader reiterated his rejection of any form of Palestinian sovereignty