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

River delta bolsters search for life on Mars

The study in Science analysed high-resolution images captured by Perseverance of the cliffs that were once the banks of the...
  • The study in Science analysed high-resolution images captured by Perseverance of the cliffs that were once the banks of the delta
  • It is the fine-grained sediment of the base layer that will likely be the target of sampling for signs of long-extinct life -- if it existed -- on Mars

US calls Hezbollah fuel shipments ‘public relations’ ploy

Iran is set to deliver more fuel in the coming days to Lebanon for distribution by the Shiite movement.
  • Iran is set to deliver more fuel in the coming days to Lebanon for distribution by the Shiite movement.
  • The US has long imposed sanctions both on Iran and Hezbollah and has sought cooperation on Lebanon both with France and Saudi Arabia

Iraqis head to early vote amid boycott calls, abstention fears

A new single-member constituency system for electing Iraq's 329 lawmakers is supposed to boost independents versus the traditional political blocs...
  • With the main political blocs linked to armed groups, many Iraqis are worried about security in the wake of the result.
  • Many countries have urged all parties in Iraq to respect rule of law and 'integrity of electoral processes'.

Samsung Q3 profit to soar 30%

The company expects its operating profits at 15.8 trillion
  • The world's biggest smartphone maker said it expected its operating profits to reach around 15.8 trillion won ($13.3 billion) in a regulatory filing, up 27.9 percent year-on-year
  • The conglomerate's overall turnover is equivalent to a fifth of the country's gross domestic product

Nobel Peace Prize buzz for press freedom, Belarus, Greta

Predicting the winner is a giant guessing game, as no shortlist is made public and the nominees' identities are kept...
  • Predicting the winner is a giant guessing game, as no shortlist is made public and the nominees' identities are kept secret for 50 years
  • This does not, however, stop international relations experts and punters from giving it their best shot

World Bank sees ‘uneven, tenuous’ Mideast recovery

The region’s per-capita GDP is forecast to grow by only 1.1 percent this year after declining by about 5 percent...
  • The World Bank said the pandemic had seen the region’s economies shrink by 3.8 percent in 2020
  • This in part due to public health systems’ lack of preparedness to deal with the health crisis

Algeria urges Morocco to quit Western Sahara buffer zone

Algeria is the main backer of the Polisario Front independence movement in Western Sahara.
  • The UN on Wednesday named veteran diplomat Staffan de Mistura as its point man on the decades-old conflict
  • The job had remained vacant for nearly two and a half years as the Polisario and Morocco rejected a dozen other candidates

Iran-SKorea row worsens over oil billions frozen by US sanctions

Tehran threatens Seoul with legal action unless it releases more than $7 billion in funds for oil shipments. Iran was...
  • South Korea maintains the money cannot be transferred to Iran because of sanctions.
  • An Iranian lawmaker says Seoul should pay interest on the money it is "improperly holding".

Fast-rising politician pushes rebirth of Iraqi city

Halbussi, 40, travels frequently about the region, trading his elegant suits for jeans during field visits to shepherd the projects...
  • Halbussi, 40, travels frequently about the region, trading his elegant suits for jeans during field visits to shepherd the projects in Anbar province
  • Over the years Halbussi has been known to maintain good ties with the Baghdad federal government while cultivating relations with regional powers

Kids may be a red line in Facebook regulation fight

Facebook's previous major scandals barely dented its global dominance but a former employee's damning revelations have put it in a...
  • Whistleblower Frances Haugen's testimony to US lawmakers could bring Republicans and Democrats together on issues of legislation.
  • Experts say going beyond questions like protecting children or privacy on social media would lead to partisan clashes.

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...

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Palestine’s Asian Cup team seeks to ‘put smile’ on their compatriots

Doha, Qatar - The Palestinian team hope to reach the knockout stage of the Asian Cup for the first time to...

Cairo arts center razed for Old City makeover

Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene...

Biggest fuel refinery plant of Africa begins production

Lagos, Nigeria - Africa's biggest diesel and aviation fuel refinery built by the continent's richest man has started production, the company...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkey bombs ‘terrorist targets’ in Iraq and Syria

The Turkish ministry said the strikes had targeted 29 locations including "caves, bunkers, shelters and oil installations" belonging to the...
  • "Air operations were carried out on terrorist targets in the regions of Metina, Hakurk, Gara and Qandil," the ministry said in a statement
  • Turkish soldiers were killed during clashes that followed an attempted intrusion at the base near the northern Iraqi city of Metina, the ministry said

US sanctions Hong Kong, UAE firms over Houthi support

The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...
  • The two companies designated on Friday by the US Treasury Department were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services
  • They were said to have shipped Iranian commodities on behalf of the network of Houthi financial facilitator Sa'id al-Jamal, said the Treasury

Delta reports profit jump

Its revenue jumped to $14.2 billion for the quarter.
  • The company reported net income of more than $2 billion for the October to December period, up from $828 million for the same period in 2022
  • Delta shares slumped by more than eight percent around midday on Friday, while rival United Airlines saw its shares plunge by 9.4 percent