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

ADNOC expands its STEM Education Programme to empower UAE students in AI

Abu Dhabi, UAE  – ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education programme to empower UAE students...

Art flourishes on the walls of Morocco

Lhamzi is one of a new generation of artists whose murals are changing the face of Morocco's cities.
  • Lhamzi is one of a new generation of artists whose murals are changing the face of Morocco's cities
  • The 25-year-old, who goes by the alias Bo3bo3, completed his first murals in the seaside city of Agadir four years ago

In first under Biden, US security advisor heads to Saudi Arabia

Biden, shortly after taking office in January, said the United States would slash US support for the Saudi-led offensive in...
  • Jake Sullivan will also travel to the UAE, which had developed especially tight ties with the previous Trump administration
  • Sullivan would be accompanied by officials including Tim Lenderking, the US special envoy on Yemen

Qatar Airways gets $3bn govt assistance after huge loss

The airline reported an overall loss of $4.1 billion for the year to March 31, double the figure for the...
  • The Gulf-based carrier recently reported an underlying operating loss of $228.3 million
  • Qatar Airways is the second largest airline in the Middle East after Dubai-based Emirates

Germany: Uncertainty looms as rivals scramble to lead next government

Preliminary results showed that the center-left Social Democrats had won the largest share of the vote at 25.7 percent. Chancellor...
  • For a country used to political stability after 16 years of Merkel's steady leadership, the coming weeks and months promise to be a rocky ride.
  • And no party will team up with the far-right Alternative for Germany (AfD), whose score fell to 10.3 percent.

Khartoum says agrees with protesters on resumption of S.Sudan oil exports

Khartoum earns revenue for its impoverished economy from the South's oil exports, and the deal came hours after senior government...
  • Bashayer is the main terminal, close to Port Sudan, from which landlocked South Sudan's oil supplies are shipped to global markets.
  • Oil Minister Gadein Ali Obeid had warned Saturday of "an extremely grave situation" with two pipelines blocked by the protesters.

‘Ancestor’ of Mediterranean mosaics discovered in Turkey

The mosaic was discovered in the remains of a 15th century BC Hittie temple, 700 years before the oldest known...
  • The temple where the mosaic is located was dedicated to Teshub, the storm god worshipped by the Hittites.
  • Nearly 3,000 years after their disappearance, the Hittites continue to inhabit Turkish imagination.

Tunisia: Thousands rally against President Saied

Protesters waving the Tunisian flag gathered Sunday outside the municipal theatre in Tunis
  • Protesters waving the Tunisian flag gathered Sunday outside the municipal theatre in Tunis
  • The president made his power grab on July 25 after months of political stalemate and in the midst of the Covid pandemic

4 Palestinians killed during Israeli raids in occupied West Bank

Jerusalem: An Israeli operation to dismantle a Hamas cell in the West Bank sparked fierce gun battles at multiple locations...
  • Hamas confirmed its fighters had clashed with Israeli forces near Jerusalem and Jenin.
  • Islamic Jihad issued a statement identifying Osama Soboh as one of its "martyrs" who died in Burqin.

Jewel of Roman Empire lies neglected in Libya

Founded by the Phoenicians then conquered by Rome, the city was the birthplace of Septimius Severus, who rose to become...
  • There is no queue at the gate and only a handful of visitors, almost all Libyans, wander among the imposing ruins at the UNESCO World Heritage site
  • Founded by the Phoenicians then conquered by Rome, the city was the birthplace of Septimius Severus, who rose to become emperor from 193 until 211

Merkel prepares to leave the stage

Assuming she stays on to hand over power, Merkel will tie or exceed Helmut Kohl's longevity record for a post-war...
  • Merkel will pass the baton as the first German chancellor to step down entirely by choice, with a whole generation of voters never knowing another person at the top.
  • His Social Democratic opponent, Finance Minister Olaf Scholz, has actively -- and perhaps successfully -- sold himself as the real continuity candidate.

Oil under $65 a boon for consumers, but a burden on producers

London, United Kingdom -- US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by...

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US consumer inflation jumps more than expected to 3.4 percent

Washington, US - Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the...

McIlroy surges into two-shot lead at Dubai Invitational

DUBAI, UAE -  Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...

Israel bombs Gaza as Blinken says no regional escalation

As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran’s navy seizes oil tanker off Oman in dispute with US

The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas...
  • Iran has responded with tit-for-tat measures in the past after seizures of Iranian oil shipments. US sanctions target Iranian oil sales in a bid to reduce Iran's energy exports.
  • The Islamic republic has been under crippling US sanctions reimposed following Washington's 2018 withdrawal from a landmark nuclear deal.

South Africa accuses Israel of genocide at top UN court

A world away from the death and destruction in Gaza and Israel, robed lawyers battled it out over technical legal...
  • South Africa has lodged an urgent appeal at the International Court of Justice (ICJ) to force Israel to "immediately suspend" its military operations in Gaza
  • Top lawyer for South Africa Adila Hassim said Israel's bombing campaign aimed at the "destruction of Palestinian life" and had pushed Palestinians "to the brink of famine"

EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...
  • The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.
  • The commission determined that Google abused its dominant position by favoring its own Google Shopping service.