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

Is Iraq drone attack linked to election results?

Analysts say pro-Iran groups use coercive power to maintain their standing and refuse to be excluded from any backstage negotiations...
  • Anger has mounted towards the Hashed, particularly among youth who accuse it of being more loyal to Iranian interests than those of Iraqis.
  • Pro-Iran factions have also been blamed for the targeting and killing of demonstrators in near-nationwide protests that began in October 2019.

Toshiba to split business

New units to focus on infrastructure, devices, semiconductor memory
  • The Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory
  • The Nikkei noted that splitting up conglomerates had been a successful strategy for some firms in the United States, including Hewlett-Packard

Slow steps for Palestinian economic recovery: World Bank

The lack of progress towards peace and reconciliation and Covid-19 caused an unsustainable economic situation in the Palestinian territories.
  • Palestine's economic growth is expected to reach 6 percent by the end of this year
  • Poverty rate in Palestine has risen to 59 percent from 43 percent

Virgin continues space ticket sale

The current fare is $450,000 per seat.
  • Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
  • In total, the company has now sold 700 space tickets, according to a spokesperson

Resignation of Lebanon minister could solve Gulf row: Arab League

The dispute was triggered by comments made by Kordahi in an interview taped in August before he became information minister...
  • The dispute was triggered by comments made by Kordahi in an interview taped in August before he became information minister and broadcast in late October
  • The diplomatic rift, which threatens to plunge Lebanon deeper into meltdown, prompted Saudi Arabia and some of its allies to recall ambassadors and block imports from Lebanon

Iran says fresh talks with Saudi if Riyadh ‘serious’

Iran said Monday any new talks with Saudi Arabia will depend on Riyadh's willingness to move ahead and be more...
  • The discussions have not been cut off, but after the fourth round, no face-to-face talks have been held, says Tehran
  • Saudi Foreign Minister Prince Faisal bin Farhan has said that the last round of peace talks took place in September.

Newcastle appoint Eddie Howe as new manager

Howe was confirmed as Newcastle's new manager on Monday, a month after a Saudi-led takeover at St James's Park.
  • The former Bournemouth boss succeeds Steve Bruce, who left the Premier League club by "mutual consent" on October 20.
  • Newcastle are second from the bottom of the Premier League without a single win this season.

Arab League urges ‘detente’ between Lebanon, Gulf states

The Arab League on Monday pressed for an easing of tensions between Lebanon and Gulf Arab states over a Lebanese...
  • "We do not want this situation to continue. We want a breakthrough, a détente in this relationship"
  • The dispute was triggered by comments by Information Minister George Kordahi

Huthis sentence model to five years in prison

Entisar al-Hammadi, 20, was arrested in February at a checkpoint while on her way to a photoshoot in the capital...
  • Hammadi's trial began in June in a procedure described by Human Rights Watch (HRW) as riddled with "irregularities and abuse".
  • According to her defence, Hammadi's popularity on social media, where she has thousands of followers, was the real reason behind her arrest.

Climate change will crush world’s poorest economies, says study

Countries with poor economies will face severe consequences of climate change caused by the rich nations.
  • According to the study, 65 most vulnerable nations will see GDP drop 20 percent on average by 2050
  • Eight of the top 10 most affected countries are in Africa, while two others are in South America

Hamas says ready for ‘serious’ Gaza truce talks, as rescuers say 37 killed

Negotiator Khalil al-Hayya made the declaration in a speech marking the start of Eid al-Adha festivities, typically a joyous date...

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Gaza internet, telephone blackout passes one-week mark: NetBlocks

Internet services in the Gaza Strip have been constantly disrupted throughout the war, with telecom firms blaming Israel's bombardment of...

Tata Steel to slash 2,800 UK jobs

Tata Steel employs about 8,000 staff in the United Kingdom.

France flooded with applications for electric car leasing scheme

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
  • Over the course of the week, more than 3,000 policy makers, business executives, academics and innovators discussed some of the world's most pressing issues at the annual meet.
  • The Forum announced it will hold a special meeting, hosted by Saudi Arabia, on “Global Cooperation, Growth and Energy for Development” on 28-29 Apr 2024 in Riyadh.

Complaint against Israeli President received: Swiss prosecutors

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
  • The Federal Prosecutor's Office said that it had received a criminal complaint against the Israeli president.
  • South Africa launched the emergency case at the ICJ, arguing that Israel had breached the 1948 UN Genocide Convention.

Sony to decide on Zee merger

The tie-up is aimed at helping both firms compete with streaming rivals.
  • The merger was first agreed in 2021, with Zee chief executive Punit Goenka saying that the new outfit would be worth close to $10 billion with annual revenues approaching $2bn.
  • But closing the deal has been beset by problems, most recently because Sony reportedly does not want Goenka to run the combined entity.