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

Tamatem pushes Arabic games

This Jordanian firm is being praised for Arabic mobile games.
  • Founded in 2013, Tamatem now has offices in the United Arab Emirates and Saudi Arabia
  • It has published more than 50 mobile games, which have been downloaded more than 100 million times

Turkey orders expulsion of 10 ambassadors as Erdogan fumes

Several European countries said late on Saturday they had received no official notification from Turkey, while the US said it...
  • Turkish President Recep Tayyip Erdogan has ordered the expulsion of the ambassadors of 10 countries, including Germany and the US
  • These ambassadors had appealed for the release of jailed civil society leader Parisian-born philanthropist and activist Osman Kavala

Qatar hopes to attract 1.2 million World Cup visitors

Organizers of the 2022 World Cup in Qatar hope to attract 1.2 million tourists to the Gulf country, an official...
  • "They will not (all) be in the country at the same time, as the event extends over a period of 28 days"
  • Those include accommodation on cruise liners, hotel apartments, fan villages with an Arabian desert vibe

Aramco sets 2050 net-zero target

The company acknowledged that this would have its challenges.
  • Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050
  • He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060

IS says its fighters attacked Kabul power lines

The Islamic State militant group's Afghan branch on Friday said it was behind an explosion that brought down electricity lines...
  • The power cut on Thursday was a further blow to Taliban efforts to stabilize Afghanistan two months after they seized control
  • The explosion hit a high-voltage line supplying imported power to Kabul and some other provinces

Algeria rejects Western Sahara talks

Algeria on Friday ruled out returning to roundtable talks over Western Sahara, days after the UN appointed a new envoy...
  • Morocco sees the entire Western Sahara as an integral part of its territory and has offered autonomy there while firmly ruling out independence
  • The International Crisis Group wrote this month that “Rabat considers Western Sahara a regional issue and the Polisario an Algerian proxy”

Award-winning Egypt film on poverty ruffles feathers

Feathers is a film about the struggles of a woman whose husband has been turned into a chicken.
  • Feathers, the film, has been facing patriotic backlash for "presenting Egypt negatively"
  • However, director Omar El Zohairy is also being praised for shedding light on a genuine social problem

Al-Qaeda leader killed in US drone strike in Syria: Pentagon

A senior Al-Qaeda leader was killed in a US drone strike in Syria, the Pentagon said on Friday. The strike...
  • “The removal of this Al-Qaeda senior leader will disrupt the terrorist organization’s ability to further plot and carry out global attacks”
  • At the end of September the Pentagon killed Salim Abu-Ahmad, another senior Al-Qaeda commander in Syria

Qatar opens fifth 2022 World Cup venue

The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals.
  • The 40,000-seat ground will host groups matches during Qatar 2022 up to the quarter-finals
  • It was designed by Qatari architect Ibrahim M. Jaidah to resemble the 'gahfiya' cap, traditionally worn by men in the region

Saudi Arabia eyes zero carbon emissions by 2060

At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane...
  • Saudi Arabia has announced plans to reduce carbon emissions by 278 million tons annually by 2030
  • The country is also taking the Global Methane Pledge to reduce methane emission

Million-plus pilgrims to begin hajj under blazing sun

About 1.4 million pilgrims arrived in Saudi Arabia ahead of the multi-day hajj, one of the five pillars of Islam...

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Deal reached for Gaza hostages to receive medicines

Qatari foreign ministry spokesman Majid Al-Ansari told QNA "the medications and aid will leave Doha tomorrow to the city of...

Google to slash ‘few hundred’ jobs

The internet giant will cut jobs from its global ad team.

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

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Washington seeks ‘de-escalation’ in Middle East, says top US official

Davos, Switzerland - The United States wants a "de-escalation" in the Middle East despite its strikes on Houthi positions in Yemen,...
  • "We seek to stop the spread of conflict and to create the conditions for de-escalation," Sullivan said at the World Economic Forum in Davos, Switzerland.
  • Sullivan said the course of the conflict with the Iranian-backed rebels depended on "those with influence in Tehran and influence in other capitals in the Middle East".

WTO hopes to finalize fishing agreement

GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...
  • The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.
  • The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.

Shell halts Red Sea shipments over attack fears, say report

WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
  • The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.
  • The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."