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

Erdogan proposes new Putin-Zelensky-Trump meeting in Turkey, Trump ready to attend

Trump, who wants a swift end to the three-year war, is "open" to a three-way summit "if it comes to...

Geostrategy

Qatar table tennis says ‘prepared to escalate’ after chaotic vote

Doha, Qatar -- Qatar's table tennis association has warned of possible legal action as it disputes the result of a...

Arts & Culture
Economy

Turkish lira hits record low as Erdogan sacks central bankers

The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdogan fired...
  • One of the dismissed bankers was reportedly the only one to vote against a surprise interest rate cut last month.
  • A dollar was worth 3.75 lira at the start of 2018. Erdogan has fired three central bank governors since 2019.
Geostrategy

Beirut rocked as violence hits port blast rally

Heavy fire rang out as ambulances rushed the wounded through the deserted streets, a few blocks from the Palace of...
  • According to Interior Minister Bassam Mawlawi, at least six people were killed, all of them by gunfire. 
  • The Court of Cassation earlier turned down a lawsuit filed by two ex-ministers demanding Bitar's replacement. 
Arts & Culture

Netflix, UNESCO team up for Africa talent hunt

The streaming giant is trying to establish itself in the continent through investments in young talent.
  • The streaming giant is trying to establish itself in the continent through investments in young talent
  • The US company has had considerable success picking up shows from around the world and giving them a global audience
Geostrategy

Embattled Facebook releases new curbs on harassment

The company has faced a storm of criticism since an ex-worker at the company alleged Facebook put profits before the...
  • The tech giant its range of banned "attacks" on public figures to include a range of sexual or degrading images of their bodies.
  • Facebook also added journalists and human rights defenders to the list of people considered public figures because of their work.
Arts & Culture

Decolonising beauty standards in Egypt

In the Arab world's most populous nation, modelling has long been dominated by "girls from Eastern Europe, with fair complexions.
  • In the Arab world's most populous nation, modelling has long been dominated by "girls from Eastern Europe, with fair complexions
  • According to The Fashion Spot, a website specialising in the industry, "models of colour" accounted for more than 43 percent of those on global catwalks in fall 2021
Geostrategy

US rules out normalizing relations with Syria’s Assad

Meeting with his Israeli and UAE counterparts, Blinken said that President Joe Biden's administration's policy on Syria was largely focused...
  • Meeting with his Israeli and UAE counterparts, Blinken said that President Joe Biden's administration's policy on Syria was largely focused on humanitarian relief
  • A US law known as the Caesar Act came into force last year that punishes any companies that work with Assad
Economy

IMF, G20 fret over supply chain bottlenecks, inflation fears

As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting...
  • The supply challenges on a global scale will be a key focus of meetings of the IMF and the Group of 20
  • IMF chief Kristalina Georgieva said the global economy faces a "particularly challenging
Economy

Look beyond subsidies to fight high energy prices: IMF

Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo...
  • The IMF has said generalized energy subsidies benefit rich households who don't need the support
  • In addition, they are not friendly to the environment, and in fact they lead to very negative incentives
Geostrategy

Azerbaijan, Iran agree to mend ties ‘through dialogue’

Azerbaijan-Iran ties soured weeks ago over allegations that Israel's military was active in Azerbaijan.
  • Iran last month protested against what it said was the presence of Israel in Azerbaijan and vowed to take any necessary action
  • It staged military exercises near its border with Azerbaijan, sparking criticism from officials in Baku
Arts & Culture

Rooney vetoes Hebrew translation over ‘apartheid’

Citing human rights reports, the Irish author said Israel's system of racial domination and segregation against Palestinians meets the definition...
  • She said the BDS movement is "modeled on the economic and cultural boycott that helped to end apartheid in South Africa".
  • The decision to block an Israeli translation has attracted criticism from some quarters.

Erdogan proposes new Putin-Zelensky-Trump meeting in Turkey, Trump ready to attend

Trump, who wants a swift end to the three-year war, is "open" to a three-way summit "if it comes to...
Geostrategy

Company News

Latest News

China says ‘firmly opposed’ to all official US-Taiwan exchanges

"China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the...
Geostrategy

US downs missile fired from Yemen at American warship

The Houthis have said they are acting in solidarity with the besieged Gaza Strip, where Hamas fighters have been battling...
Geostrategy

Israeli footballer in Turkey arrested over message on Israel-Hamas war: media

Jehezkel, 28, and capped eight times by the Israeli national team, celebrated scoring a goal against Trabsonspor by gesturing to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Five killed in clashes near Lebanon border

JERUSALEM -  Three fighters who crossed into Israel from Lebanon and two Israelis were killed in clashes and a strike...
  • The Israel-Lebanon border has seen near-daily exchanges of fire between Iran-backed Hizbollah group and Israeli forces.
  • Hizbollah leader Hassan Nasrallah, in a televised speech said the Israelis had "failed" to achieve any of its goals in Gaza.
Geostrategy

China FM in Egypt calls for Gaza ceasefire, Palestinian statehood

In a press conference with his Egyptian counterpart Sameh Shoukry, Chinese foreign minister Wang Yi said, "It is necessary to...
  • Chinese President Xi Jinping has previously called for an "international peace conference" to resolve the fighting.
  • China has historically been sympathetic to the Palestinian cause and supportive of a two-state solution to the Israeli-Palestinian conflict.
Geostrategy

Namibia denounces former colonial ruler Germany over Gaza response

South Africa launched an emergency case at the ICJ arguing that Israel stands in breach of the UN Genocide Convention,...
  • Namibian President expressed "deep concern" for the German government's decision Friday of having "rejected the morally upright indictment brought forward by South Africa
  • Geingob accused Berlin of "ignoring" the "deaths of over 23,000 Palestinians in Gaza" and defending in front of the ICJ "the genocidal and gruesome acts of the Israeli Government"