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

Lebanon central bank audit demanded by creditors to resume

A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in...
  • The International Monetary Fund and France are among creditors demanding an audit of Banque du Liban as part of urgent reforms to unlock financial support
  • The contract with A&M was signed by Finance Minister Youssef Khalil last month only days after he took up his post

Tehran film fest opens as Oscar-qualifying event

The designation as Oscar-qualifying event came despite high tensions between Washington and Tehran, which have had no diplomatic relations since...
  • This year's festival competition received more than 6,400 entries from 128 countries -- 2,000 more than last year.
  • The festival, now in its 38th edition, has jury members from the Islamic republic as well as Italy, Japan, France and Austria.

Earnings joy lifts Asian markets as Fed mulls taper

Signs of progress on US President Joe Biden's massive spending bill provided an extra lift to sentiment
  • Signs of progress on US President Joe Biden's massive spending bill provided an extra lift to sentiment
  • Strong profit reports from big-name firms over the past week have reinforced optimism that the corporate sector is weathering slowdown in economic growth

‘Torture, abuse’ await returning Syrian refugees: HRW

Refugees in Lebanon and Jordan in particular have faced mounting direct and indirect pressure to return to Syria, in violation...
  • The UN estimates that over 6.6 million Syrians have been forced to seek refuge in neighboring countries.
  • Refugees in Lebanon and Jordan in particular have faced mounting direct and indirect pressure to return to Syria.

Planned fossil fuel output shatters 1.5C climate target, says UN

The UN's Environment Program said government fossil fuel production plans this decade were "dangerously out of sync" with emissions goals.
  • The UN says emissions must go down nearly 50 percent by 2030 and to net-zero by mid-century to limit warming
  • But its Production Gap report found that total fossil fuel production would likely increase until at least 2040

Netflix subscribers numbers jump

Streaming giant's profit grew 16 percent to $7.5 billion
  • Its profit grew 16 percent to $7.5 billion
  • Streaming giant ended the quarter with 214 million subscribers.

Google debuts new Pixel

Smartphone sales are dominated by Apple, Samsung
  • Smartphone sales are dominated by Apple and Samsung
  • Google touted the phones as completely "reimagined" during a presentation

Lebanon’s car culture comes into question amid fuel crisis

In the absence of a functioning public transport system, car culture has thrived in Lebanon, with many households, even modest...
  • There are more than 2 million cars for 6 million people in Lebanon
  • However, people are now turning to buses and tuk-tuks to get around as fuel is expensive and often unavailable

Iraq’s Hashed supporters protest vote ‘fraud’

The Conquest (Fatah) Alliance, the political arm of the multi-party Hashed, won around 15 of 329 seats.
  • The Conquest (Fatah) Alliance, the political arm of the multi-party Hashed, won around 15 of 329 seats
  • The big winner this time, with more than 70 seats according to the initial count, was the movement of Moqtada Sadr

4,000 West Bank Palestinians to get residency rights

Israel has occupied the West Bank since the Six-Day War of 1967 and exercises full administrative control across much of...
  • The new approvals will make thousands of people newly eligible to get Palestinian Authority identification documents and change their residential address.
  • Excluding annexed east Jerusalem, some 475,000 Israeli Jews live in settlements in the West Bank considered illegal under international law.

Saudi hosts urge pilgrims to stay indoors during hajj high point

Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours...

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Iraq recalls Iran envoy in rebuke to ally over deadly strikes

Iran's Revolutionary Guards said they had destroyed the "Zionist regime's spy headquarters in the Kurdistan region of Iraq." The strike...

Intensive phase of war in south Gaza ‘will end soon’: Gallant

Israel had four divisions operating in Gaza before Monday's announced withdrawal, though it was unclear how many soldiers were involved...

Sudanese artists escaping war seek revival in Cairo

When the first bombs rang out in Sudan, Amjad, Fatima and Mazin abandoned their paintbrushes, musical instruments and studios, leaving...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran Guards hit ‘terrorist’ targets in Iraq, Syria

The IRGC also hit targets in Syria with ballistic missiles, including the "gathering places of commanders and main elements related...
  • The attacks destroyed "a spy headquarters" and a "gathering of anti-Iranian terrorist groups" in Arbil, the capital of Iraqi Kurdistan, IRGC said
  • Four people including prominent businessman Peshraw Dizayee were killed and six others wounded in the attack, according to Iraq's Kurdistan security council

Big win in Iowa moves Trump closer to Biden re-match

The extent of his victory demonstrated the 77-year-old's success in turning his prosecutions into a rallying cry that has galvanized...
  • The former president has led polling for more than a year, but the contest offered the clearest insight yet into his ability to convert that advantage into a White House return
  • Major US networks took just half an hour to call the race, with Trump taking 51 percent of the vote and opening an unprecedented 30-point gap over Ron DeSantis

Turkish strikes leaves hundreds of Syrian villages without electricity

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...
  • The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries
  • The semi-autonomous Kurdish administration listed hundreds of villages and towns facing blackouts due to the Turkish strikes in a statement Monday