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

Dubai cyclists hit the desert as sport gains traction

Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the...
  • UAE Team Emirates rider Tadej Pogacar has won the last two editions of the Tour de France.
  • The 'Dubai Ride' was launched last year, with Crown Prince Sheikh Hamdan bin Mohammed leading the parade of cyclists down the six-lane Sheikh Zayed Road.

19 countries vow to end overseas fossil fuel finance

Major coal, oil and gas funders China, Japan and South Korea were absent from the pledge. The IEA says that...
  • Unabated fossil fuel projects are those that do not deploy technology to absorb the carbon pollution they produce.
  • G20 nations last month agreed to end financial support for new unabated coal plants abroad.

Top oil producers to assess output amid pressure to open up the taps

The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision...
  • There is pressure from the US and other big consumers to open up the taps much more decisively.
  • OPEC+ members seem to prefer to stick to their plan of easing cuts by 400,000 barrels per day per month.

Emirates to launch daily Dubai-Tel Aviv flights from Dec.6

Emirates is to start daily flights between Dubai and Tel Aviv on December 6, the airline announced, in the latest...
  • Abu Dhabi-based airline Etihad and Israeli carrier Arkia now also offer regular flights.
  • Emirates said the new service would also link Israel seamlessly with its global route network.

Global CO2 emissions in 2021 near record levels, says report

CO2 pollution this year will be just shy of the record set in 2019, according to the Global Carbon Project...
  • Capping the rise in global temperature to 1.5 degrees Celsius above pre-industrial levels would limit mortality and damage
  • However, it requires slashing carbon emissions nearly in half by 2030 and to net zero by 2050

Finfluencers turn to TikTok to peddle investment advice

Across the globe, investment gurus in their 20s are building huge followings on social media.
  • Fintok and Stocktok finfluencers have made their influence on TikTok
  • Reels and videos made on stocks and finance education getting viral on this world of entertainment

Israel passes first state budget in 3 years

Israeli MPs approved a 609-billion-shekel ($194-billion) spending plan for 2021 and are to resume debate later on 573 billion shekels...
  • The government had till November 14 to get the budget approved to prevent parliament from being dissolved
  • It would have triggered the fifth election in three years during which Israel has not seen a single budget passed

Toyota lifts annual profit forecast despite production cuts

The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid.
  • The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid
  • The global shortage of microchips -- essential components of modern cars -- has forced many automakers to slow or temporarily halt production

Oil-rich UAE to burn waste to make power

As the UAE has mushroomed from a desert outpost to a thriving business hub, waste has multiplied. So has power...
  • The Sharjah facility, the first one to be built, will burn more than 300,000 tonnes of waste per year
  • The plant will also reduce UAE’s reliance on gas-fuelled electricity stations

Saudi Arabia and UAE join calls against Sudan coup

Saudi Arabia and the UAE have joined the United States and Britain Wednesday in urging the leaders of last week's...
  • The United States has led condemnation of the military's October 25 takeover in Sudan
  • The coup interrupted a transition to democracy in which power was being shared with a civilian government

What is genocide and is it happening in Gaza?

The accusation against Israel of genocide has been made with increasing force from quarters ranging from "Schindler's List" star Ralph...

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IEA says oil production to rise but demand to be halved in 2024

Paris, France - World oil supply will continue to rise this year, the International Energy Agency said on Thursday, as it...

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...

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

Most Read

Akasa Air orders 150 Boeing planes

Akasa Air will buy 737 MAX planes, which no Indian airline uses.
  • Akasa Air chief said the 'historic' order would put the firm on the path to "becoming one of the top 30 leading airlines in the world"
  • Akasa has been a strong Boeing backer, having ordered 72 aircraft in 2021, and another four in 2023

Afif helps Qatar exorcise World Cup demons at Asian Cup

Doha, Qatar - Asian Cup hosts and holders Qatar have been on a mission to banish the painful memory of their...
  • Qatar lost all three of their World Cup games on home soil on their way to a first-round exit just over a year ago, the worst record of any host in the competition's history
  • But it's been a different story at the Asian Cup -- albeit after only two games against moderate opposition -- and Tintin Marquez's side are the first to reach the knockout rounds

Google CEO says more layoffs are likely this year

SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine...
  • Google laid off around 12,000 people this time last year, about six percent of its workforce, in the face of inflation and rising interest rates.
  • The company confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use AI for efficiency and creativity.