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

A pill that could end the Covid pandemic

Pfizer said Friday that a clinical trial of its pill to treat Covid-19 had shown it is highly effective, hailing...
  • A simple pill to treat the coronavirus at home has been sought since the start of the global health crisis
  • Pfizer's is the second anti-Covid pill after that of Merck, which is actually an influenza medicine rebranded to fight the coronavirus

Poverty fuels despair in oil-rich south Iraq

Basra province gets only 1 trillion dinars out of the total Iraqi budget of 130 trillion Iraqi dinars ($89 billion),...
  • Basra province produces about 70 percent of crude oil in Iraq, itself the second biggest exporter in the Middle East after Saudi Arabia.
  • Unemployment in Basra affects 20 to 25 percent of the people and almost 30 percent of youth.

Shortages hit French and German industrial output

Industrial output fell in September in both France and Germany as delays in receiving materials hampered production, data released Friday...
  • In Germany, where manufacturing for export is the linchpin of the economy, industrial production fell by 1.1 percent in September from August
  • The September drop confounded some analysts who had been expecting a gain and on an annual basis output is now down 1.0 percent from last year

Chip crunch forces Honda to downgrade profit forecast

Japanese car giant Honda revised its annual profit forecast downwards on Friday, warning it sees no immediate end to the...
  • The announcement came as the firm logged a drop in net profit in the July-September quarter
  • The results were announced a day after rival Toyota upgraded its annual profit forecast despite being forced to cut production by the global shortage of semiconductors

COP26 braces for youth protests after vague emissions pledges

Demonstrations are expected across Glasgow against the disconnect between the pace of emissions reductions and the climate emergency.
  • Organizers of the Fridays for Future global strike movement said they expected large crowds at the planned three-hour protest during COP26 Youth Day
  • The event is expected to be attended by high-profile campaigners Greta Thunberg and Vanessa Nakate

For Israelis, Palestinian radio broadcasts in Hebrew

"The Israeli public listens to the media that speaks to them, but they don't listen to the other side," said...
  • Jerusalem 24 transmits on 106.1 FM and has an English-only website for now but is not the first Palestinian radio to broadcast in Hebrew
  • With just six full-time journalists and hours of air time to fill, the radio station relies on long stretches of musical programming

Israel to build Cyprus electronic surveillance system

The surveillance system will monitor activity such as smuggling and illegal migration, as well as provide military intelligence
  • The surveillance system will monitor activity such as smuggling and illegal migration, as well as provide military intelligence
  • Cyprus said it was in a "state of emergency" because of an inflow of Syrian migrants overwhelming reception centres

Global CO2 emissions set to rebound this year to pre-Covid levels

Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report...
  • Emissions from gas and highly polluting coal will rise this year by more than they dropped in 2020
  • Capping the rise in global temperature to 1.5 degrees Celsius above pre-industrial levels -- as per the Paris Agreement -- would limit mortality and damage

Top oil producers stick with modest output boost

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The...
  • The decision came from the 13 members of the Organization of Petroleum Exporting Countries and their 10 allies
  • They reconfirmed, in a brief meeting via videoconference, a July decision to gradually step up production each month

Lebanon PM Najib Mikati urges action to mend Gulf row, govt paralysis

The government is breaking at the seams over a series of disputes involving a probe into last year's monster port...
  • Saudi Arabia, Bahrain and Kuwait recalled their envoys from Beirut and suspended all imports from Lebanon.
  • Blocking imports from Lebanon is a blow to a country in financial ruin and where a weak government is struggling to secure international aid.

Gamers get hold of Nintendo’s hotly awaited Switch 2

Tokyo, Japan -- Gamers finally got their hands on Nintendo's new Switch 2 on Thursday, the console that could score...

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Markets track Wall St rally but China worries cast shadow

Broader markets were also enjoying a day in the sun though traders struggled to maintain the morning's momentum. Tokyo put...

China exhorts end of ‘harassment’ of civilian vessels in Red Sea

Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by...

Israel’s Gaza offensive breaches international law: UN expert

Francesca Albanese, an Italian lawyer who is the UN special rapporteur on the Palestinian territories, told a Madrid news conference...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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English player Henderson all set to leave Al-Ettifaq

Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by...
  • The 33-year-old England midfielder has been with the Saudi club for just six months since leaving Liverpool
  • Of all the high-profile players to move to the Saudi Premier League, Henderson arguably attracted the most criticism

WHO weighs up AI risks and benefits for healthcare

Geneva, Switzerland - Generative artificial intelligence could transform healthcare through things like drug development and more rapid diagnoses, but the World...
  • The WHO has been examining the potential dangers and benefits posed by AI large multi-modal models (LMMs), which are relatively new and are quickly being adopted in health.
  • LMMs are a type of generative AI which can use multiple types of data input, and generate outputs that are not limited to the type of data fed into the algorithm

Turkish club send Israeli player to Maccabi Tel Aviv after Gaza controversy

ISTANBUL, TURKEY -  Turkish first division club Basaksekir on Thursday sent Israeli midfielder Eden Karzev on loan to Maccabi Tel Aviv following...
  • The Istanbul side launched disciplinary proceedings against Eden Karzev after the defensive midfielder shared a message about the hostages..
  • The probe came the same day Israeli footballer Sagiv Jehezkel was charged with incitement to hatred for displaying a message on the Gaza war.