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

Oil giant Saudi Arabia sees opportunity in climate crisis

Not only is the kingdom ramping up oil production, it is also making a major play for the trillion-dollar emerging...
  • Saudi Arabia has promised to go carbon-neutral by 2060 and pledged more than $1 billion for circular carbon economy initiatives.
  • Experts say Saudi Arabia has a strong stake in blue and green hydrogen production, solar production and in solutions in carbon capture and storage.

Iran body proposes bill to allow women into stadia

Women were able to watch a game at the 80,000-seat Azadi stadium in October 2019, when Iran thrashed Cambodia 14-0.
  • Women were refused access to stadia after Iran's 1979 Islamic revolution, but exceptions have been made in recent times for international games.
  • World football's governing body FIFA has exerted pressure to allow women into international qualifiers.

Facebook’s future tops agenda at Web Summit in Lisbon

Frances Haugen, the former Facebook engineer who leaked a trove of internal documents to international media, is due to speak...
  • The summit in Portugal's capital Lisbon is set to welcome some 40,000 people from Monday evening through Thursday.
  • Facebook has had to grapple in recent weeks with mass outages and rising calls for regulation to curb its vast influence.

War-torn Libya welcomes first group of tourists in a decade

Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi
  • Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi
  • Tourism has been a tiny industry in Libya, whose economy has been dominated by oil and gas since the mid-20th century

Amazon quarterly profit slips

The company said its sales climbed to $110.8 billion
  • The e-commerce colossus said its sales climbed to $110.8 billion, but its profit was about half of its net income from the same quarter last year
  • Microsoft, Google parent Alphabet and scandal-hit Facebook have posted whopping profits this week

World needs $23bn from G20 to fight pandemic: WHO

WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.
  • The World Health Organization has said it needs $23.4 billion over the next 12 months for its plan to fight Covid-19
  • It has urged the G20 countries, who are meeting this weekend in Rome, to show some leadership and pay the amount

Turkey pressing US for F-16 fighters after F-35 plan killed

US defense officials met in Ankara Wednesday with Turkish counterparts to resolve remaining issues from the F-35 program, and US...
  • The F-16 request could be discussed when US President Joe Biden meets with Erdogan
  • According to Turkish media, the country wants to buy 40 F-16s and kits to upgrade 80 warplanes in its current fleet

Facebook renames its company ‘Meta’

The new handle comes as the social media giant tries to fend off one of its worst crises yet and...
  • The new handle comes as the social media giant tries to fend off one of its worst crises yet and pivot to its ambitions for the "metaverse" virtual reality version of the internet
  • Facebook has just announced plans to hire 10,000 people in the European Union to build the "metaverse," with Zuckerberg emerging as a leading promoter of the concept

Lebanon port blast judge suspends ex-PM Hassan Diab’s summons

Diab had filed a lawsuit against judge Tarek Bitar, who has been thwarted at every turn in his probe of...
  • Diab was prime minister at the time of the explosion and is among the senior officials Bitar wants to hear as part of his investigation.
  • Several of Lebanon's main political groups, including the powerful Iran-backed Hezbollah, want Bitar removed., earning scorn from rights groups.

Seven killed in anti-coup protests in Sudan

Seven protesters have been killed in Sudan since a military coup four days ago, a health official said Thursday, adding...
  • Four protesters were already reported killed on Monday, hours after the military coup was announced
  • The diplomats pledged their support for the now-deposed government of Prime Minister Abddalla Hamdok

Trump bans visas for new foreign students at Harvard 

Washington, United States - US President Donald Trump on Wednesday announced a ban on visas for foreign students who are...

Company News

Latest News

Bayer to cut jobs in Germany

The slashing of jobs follows huge third-quarter losses.

Apple loosens grip on iPhone apps

Apple will permit developers to include buttons or links in apps.

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

Most Read

UN warns of ‘bleak future’ facing Gazans after war ends

At least 24,448 Palestinians, more than 70 percent of them women, young children and adolescents, have been killed in Israeli bombardments...
  • "My fear is that we have now a generation of lost kids," said UN official Lazzarini, describing children who are living in "brutal" conditions and are deeply traumatized.
  • Also, UN chief Antonio Guterres on Wednesday warned that a "full-fledged confrontation" between Israel and Lebanon would be a "total disaster".

Maersk and Hapag-Lloyd ink deal

The cooperation deal between the two will begin February 2025.
  • The cooperation, which is set to start in February 2025, will comprise a fleet pool of nearly 300 vessels with a combined capacity of 3.4 million containers
  • The CEO of Maersk Vincent Clerc said the agreement will offer a "flexible ocean network" and "strengthen our integrated logistics offering"

Money weighs on would-be Chinese parents as population falls

Long alarmed by falling fertility, the government has relaxed its decades-long one-child policy in recent years to allow three children...
  • Childbirth in China usually comes after a wallet-draining process of buying a home, finding a spouse, and paying for a lavish wedding
  • The average cost in 2019 of raising a child in China from birth to age 18 was 485,000 yuan ($68,000), a Beijing-based report said