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

Evergrande shares rise

The Chinese firm has restarted work on 10 projects.
  • Evergrande owes various lenders close to $300 billion, but speculations are rife that it may not be able to pay all of it back
  • However, after the project restart announcement, shares in the firm rallied more than four percent in early trade

Erdogan steps back from threat to expel Western envoys

The reversal came after the United States and several of the other concerned countries issued identical statements saying they respected...
  • The new Western statement "shows they have taken a step back from the slander against our country", Erdogan said.
  • Erdogan had threatened the ambassadors on Thursday and then pronounced them "persona non grata" in televised comments on Saturday.

Volvo Cars sets IPO price

The price is at the bottom end of the range that Volvo announced last week
  • The price is at the bottom end of the range that Volvo announced last week
  • The carmaker also lowered the amount it plans to raise by going public from $2.9 billion to $2.3 billion

Iraqi desert village cut off from the grid

Lost in rocky hills and surrounded by humble palm groves, Al-Sahl is around 250 kilometres (155 miles) northwest of the...
  • Lost in rocky hills and surrounded by humble palm groves, Al-Sahl is around 250 kilometres (155 miles) northwest of the capital Baghdad
  • To communicate with the outside world, people use old mobile phones instead of smartphones -- the 3G network doesn't reach here

2,700-year-old wine press found in Iraq

The carvings - 12 panels measuring five metres (16 feet) wide and two metres tall - date from the reigns...
  • The carvings -- 12 panels measuring five metres (16 feet) wide and two metres tall -- date from the reigns of Sargon II (721-705 BC) and his son Sennacherib
  • Iraq was the cradle of some world's earliest cities. It was once home to Sumerians, Assyrians and Babylonians

Khamenei urges reversal of Arab-Israeli normalization

The United Arab Emirates, Bahrain, Sudan and Morocco all agreed to normalize ties with Israel in 2020, as Washington under...
  • Ali Khamenei said Arab nations have "sinned" in normalizing (their relations) with the "usurping and oppressive Zionist regime".
  • Egypt and Jordan were until last year the only two Arab countries to normalize relations with Israel.

China aims to cut fossil energy use to below 20% by 2060

China is targeting an ambitious clean energy goal of reducing fossil fuel use to under 20 percent by 2060, according...
  • The document follows a pledge by President Xi Jinping to wean the world's biggest polluter off coal
  • But the country has been criticized for pushing ahead with opening dozens of new coal power plants

Gaza fishermen struggle for a catch under Israel’s blockade

Crashing through the Mediterranean waves at sunset, Palestinian fisherman Mohammed al-Nahal leads a convoy of rickety boats out for another...
  • High prices of fuel in the enclave means that fishing operating costs are crippling, making them stay closer inshore
  • Israel's navy fully controls the waters off Gaza's 40-kilometre (25-mile) long coastline, and regularly restricts or expands the size of the fishing zone

Pope urges intervention on Libyan migrant crisis

Governments must stop returning migrants to "non-secure countries" like Libya, the 84-year-old pontiff said, while prioritizing saving lives in the...
  • Italy continues to be confronted by waves of migrants crossing the Mediterranean from Libya, with hundreds of people arriving nearly daily on the country's shores.
  • A two-day summit of EU leaders that ended Friday revealed continued rifts between countries on the migrant issue.

Picasso masterpieces fetch $108.9 million

Eleven masterpieces by Pablo Picasso fetched $108.9 million at a Sotheby's auction in Las Vegas on Saturday. Two iconic portraits...
  • The works went under the hammer at the Bellagio hotel and casino, known for its extensive art collection
  • It sold for nearly $40.5 million after a starting price was estimated at $20-30 million

Saudis use AI, drones and thousands of cameras to keep hajj pilgrims safe

Makkah, Saudi Arabia -- Working day and night in front of maps, screens and seemingly endless data, Saudi officials have...

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Millions of Afghans go hungry as winter cold bites

Once flush with humanitarian aid following the US-led invasion of the country, funding to Afghanistan has plummeted since the Taliban...

Women’s health gap costs US$1trn worldwide: report

Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal...

China’s economic recovery stalls as growth flags

The country's national bureau of statistics said that GDP grew 5.2 percent to hit 126 trillion yuan ($17.6 trillion) as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Google to slash ‘few hundred’ jobs

The internet giant will cut jobs from its global ad team.
  • The jobs will be cut by the company amid a push to use artificial intelligence for efficiency and creativity
  • The company made no mention of generative AI, which is disrupting many sectors including advertising.

Pakistan says two children killed by Iran air strike

The statement did not say where the strike took place, but various Pakistani social media accounts reported blasts in Balochistan...
  • "This violation of Pakistan's sovereignty is completely unacceptable and can have serious consequences," Pakistan's foreign ministry said in a statement.
  • Tehran and Islamabad frequently accuse each other of allowing militants to operate from the other's territory to launch attacks

Maritime firm says missile hits Greek ship off Yemen

Dubai, UAE - A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following...
  • "A Malta-flagged, Greek-owned bulk carrier was reportedly targeted and impacted with a missile while transiting the southern Red Sea northbound," said firm
  • The ship, which has visited Israel since the outbreak of war in Gaza and was headed to the Suez Canal, changed course and headed to port after the incident, it said