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

Algeria bans French military planes from airspace: French army

France's jets regularly fly over Algerian territory to reach the Sahel region of western Africa, where its soldiers are helping...
  • France said the decision to cut visas had been made necessary by the former colonies' failure to do enough to allow illegal migrants in France to be returned.
  • Algiers on Saturday recalled its ambassador to France, citing "inadmissible interference" in its affairs.

Has Apple traded magic for profit?

The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago and...
  • The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago -- and is worth $2.358 trillion today
  • The Californian behemoth has impacted hundreds of millions of lives since its 1976 founding in a garage

Iraqis to elect new parliament amid deep crisis, apathy

The country is emerging from almost two decades of conflict and insurgency since the 2003 US-led invasion toppled dictator Saddam...
  • The country is emerging from almost two decades of conflict and insurgency since the 2003 US-led invasion toppled dictator Saddam Hussein
  • Although security has improved in recent years, elections threaten new volatility in a nation still terrorised by militant attacks

Algeria recalls ambassador to France as tensions rise

The statement, from the Algerian presidency, said it had withdrawn its ambassador following media reports of the French president Macron’s...
  • The statement, from the Algerian presidency, said it had withdrawn its ambassador following media reports of the French president Macron’s comments
  • The French daily Le Monde reported that Macron had made critical remarks about Algeria during a meeting with descendants of figures from the war of independence

Ballot count begins as voting ends in first Qatar legislative election

Qatar wrapped up its first legislative election Saturday with reports of a solid turnout even though the vote is not...
  • The count getsunderway straight after the 1500 GMT close of polls
  • More than a third of the 101 candidates dropped out of the race by Saturday afternoon

Protests in Bahrain over new Israeli embassy

Protesters marched waving Palestinian and Bahraini flags, chanting "Death to Israel" and "No to Israeli embassy in Islamic Bahrain".
  • Protesters marched waving Palestinian and Bahraini flags, chanting "Death to Israel" and "No to Israeli embassy in Islamic Bahrain".
  • Police fired tear gas during one rally as scattered, small-scale protests took place around the tiny Gulf state

US surpasses 700,000 Covid deaths: Johns Hopkins

The US fatalities far exceed other frontrunners such as Brazil and India facing a resurgence in cases due to the...
  • The US fatalities far exceed other frontrunners such as Brazil and India facing a resurgence in cases due to the prominence of the highly contagious Delta variant
  • After a heavily criticized early response to the pandemic, the United States has since organized among the world's most effective vaccine roll-outs

UN agency for Palestinian refugees needs $800m

UNRWA Commissioner-General Philippe Lazzarini told reporters at the UN headquarters in New York that the organization needed "predictability" for its...
  • UNRWA Commissioner-General Philippe Lazzarini told reporters at the UN headquarters in New York that the organization needed "predictability" for its operations
  • The funding would allow the agency to keep open the 700 or so schools it managed, catering to 550,000 children

US urges Turkey not to buy more Russian arms

Turkey, a NATO member, defied US warnings in 2017 to buy the S-400 air defense system, a deal that the...
  • The statement came after Turkish President Recep Tayyip Erdogan met with his Russian counterpart Vladimir Putin earlier this week
  • The US has expelled Turkey from its state-of-the-art F-35 jet program in which multiple Turkish companies were involved

Dubai Expo ‘new city’ is here to stay for decades

Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said,...
  • The $7bn purpose-built showground occupies a vast site on Dubai's outskirts with hundreds of pavilions
  • Expo 2020, which has sustainability as one of its main themes, wraps up in March

Gaza rescuers say 31 killed near a US-backed aid site, Israel denies involvement

Israel has faced growing condemnation over the humanitarian crisis in the war-ravaged Gaza Strip, where the United Nations has warned...

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Boots, Banksy, piano: Elton John puts items up for auction

New York, United States - Music icon Elton John has put a variety of personal items up for auction at Christie's...

IMF okays $700 million disbursement for cash-strapped Pakistan

Washington, United States - The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan Thursday as part...

India flexes maritime muscles by boosting Arabian Sea force

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

Turkey and Gulf nations condemn US, UK airstrikes on Yemen

"First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...
  • Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia
  • Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

China implores all sides to prevent Yemen conflict expanding

Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...
  • China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea
  • She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding