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

Aramco Q3 earnings up 158%

Higher oil prices and sales volumes led to the rise.
  • Aramco's net income was $30.4 billion in the third quarter, up from $11.8 billion in Q3 last year
  • This, even as free cash flow more than doubled to $28.7 billion

Egypt sees Red Sea tourism rush from Russia

Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.
  • Russian tourists are beginning to return to Sharm el-Sheikh six years after a terror attack
  • The 2015 attack had seen the downing of a Metrojet plane that killed 224 mostly Russian passengers

Israel firm, clients hit by hackers linked to Iran

A hacking group known as Black Shadow claimed responsibility for the attack.
  • The cyberattack hit several websites, with none of the sites available to users by midday Saturday
  • They included Israeli public transport companies Dan and Kavim, a children's museum, and public radio's online blog

Roundup: Four Gulf states pull diplomats from Beirut

This is bad news for Lebanon, which had been counting on financial assistance from the Gulf to rescue its economy....
  • The row has already seen Saudi Arabia ban the imports of Lebanese goods and Kuwait and Bahrain expel Lebanese envoys
  • It is a blow to a country already in the grip of crippling political and economic crises

Kuwait expels Lebanon envoy, recalls own ambassador

Kuwait has recalled its ambassador from Beirut and has given the Lebanese envoy 48 hours to leave the emirate, the...
  • Saudi Arabia and Bahrain made similar moves on Friday after Lebanon's Information Minister George Kordahi criticized the war in Yemen
  • Kordahi said in a television interview that Yemen's Iran-backed Huthi rebels were "defending themselves... against an external aggression"

Sudan braces for protests against military coup

Sudanese anti-coup protesters plan to flood the streets Saturday to demonstrate against a military takeover that has derailed the country's...
  • Street protests that erupted against the coup were countered by a security response that has left at least nine demonstrators dead and wounded around 170
  • Organisers on Saturday hope to stage a "million-strong" march against the military's power grab

World leaders discuss climate, economy, vaccines at G20

Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the...
  • Looming over the two-day talks in Rome is pressure to make headway on tackling global warming
  • This is because the key COP26 summit is kicking off in Glasgow on Monday

US targets Iran’s drone program with sanctions

The sanctions boosted pressure on Iran ahead of the reopening of negotiations on the country's nuclear program. The sanctions came...
  • The US Treasury targeted lethal unmanned aerial vehicles or UAVs used by Iran's Islamic Revolutionary Guard Corps
  • It said the drones have been used to attack US forces and international shipping in the Gulf region

Saudi recalls envoy to Lebanon over Yemen comments

Saudi Arabia ordered the "recall of the ambassador in Lebanon for consultations, and the departure of Lebanon's ambassador to the...
  • The wealthy Gulf kingdom also "decided to halt all Lebanese imports"
  • Lebanon's Prime Minister Mikati reacted quickly, saying he "regretted" the Saudi move

Iran petrol network partially restored after cyberattack

Among 4,300 fuel stations across the country, at present 1,450 are connected to the central fuel distribution system that provides...
  • Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.
  • President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks. 

Morocco set for sheepless Eid as drought persists

As the Islamic festival of Eid al-Adha approaches, Fatima Kharraz can't seem to find the usual sense of celebration after...

Company News

Latest News

China says willing to mediate between Pakistan and Iran after strikes

"The Chinese side sincerely hopes that the two sides can exercise calm and restraint and avoid an escalation of tension,"...

Pakistan strikes ‘terrorist hideouts’ inside Iran

Iran and Pakistan routinely blame each other for allowing militants to operate from the other's territory to launch attacks, but...

US, UK launch new strikes on Houthi targets in Yemen

A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Apple loosens grip on iPhone apps

Apple will permit developers to include buttons or links in apps.
  • The move came after the US Supreme Court on Tuesday declined to hear appeals by Apple and Epic of a lower court ruling in which the iPhone maker was seen as the victor.
  • Epic in 2020 launched a case aiming to break Apple's grip on the App Store, accusing the tech giant of operating a monopoly in its shop for digital services

Kuwait gets first non-royal foreign minister as ‘reform’ era starts

Abdullah al-Yahya, a former ambassador to Argentina, was named in the coveted role as part of a hand-picked cabinet of...
  • In his inaugural speech last month, Sheikh Meshal had strongly criticized the recurring political crises that have long frustrated Kuwaitis.
  • The OPEC member, home to seven percent of the world's oil reserves, has the Gulf's most powerful parliament but suffers chronic legislative deadlock

Record 116 tons of cocaine seized at Belgium’s Antwerp port in 2023

Vlissingen, Netherlands - Cocaine seizures at the Belgian port of Antwerp, the top gateway into Europe for mainly South American drug...
  • The cocaine is usually hidden in containers, or sometimes underneath ships in openings below the water line where they are then recovered by divers.
  • Belgium, neighboring Netherlands and Spain are the top three European nations for illegal cocaine imports, mostly from Panama, Colombia and Ecuador