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

First commercial flight lands in Kabul after Taliban takeover

An international commercial flight touched down in the Afghan capital on Monday, the first since the Taliban retook power last...
  • ‘There was hardly anyone on the plane, around 10 people... maybe more staff than passengers’
  • Qatar Airways operated several charter flights out of Kabul last week

What’s the impact of the Apple app store court ruling?

Apple was forced to loosen the grip it holds on its App Store payment system. The tech giant requires developers...
  • Apple takes a commission of up to 30 percent of app purchases or transactions.
  • It maintains that 85 percent of the approximately 1.8 million apps at the digital shop pay nothing to the company.

Agreement with Iran ‘gives time to diplomacy’: IAEA

The deal struck with Iran on Sunday over access to surveillance equipment at Iranian nuclear facilities allows space for diplomatic...
  • IAEA Director General Rafael Grossi said "the most urgent issue" has been rectified by the deal.
  • Under a compromise deal, the monitoring equipment remains in the agency's custody but the data is in Iran's possession.

Iraq PM visits Iran to discuss economic relations, mutual interest

As Iran's neighbour to the west, Iraq has sought a mediating role between Tehran and Arab nations and since April,...
  • Kadhemi is the first foreign leader to visit the ultra-conservative Raisi
  • Iraqi PM is likely to raise energy cooperation and Iranian-Saudi relations in the talks

Yemen: No end to war that has put million on brink of famine

Analysts say the balance has tilted in favour of the Huthi rebels against the Saudi-led military coalition
  • Analysts say the balance has tilted in favour of the Huthi rebels against the Saudi-led military coalition
  • Riyadh has been leading the coalition on behalf of the Yemeni government since March 2015

Challenges ahead for Lebanon’s new government

Formed after 13 months of political deadlock, tackling the country's worst ever economic crisis ought to be the new government's...
  • The Lebanese pound has lost more than 90 percent of its value to the dollar on the black market.
  • A big challenge will be holding 2022 parliamentary elections on time, as announced by prime minister Najib Mikati.

Pageants, races drive camel cloning demand

Cloning is in demand not only for beauty pageants and races but also for reproducing camels that produce large amounts...
  • Some clients will pay between $54,500-$109,000 to duplicate a "beauty queen".
  • Dubai claimed the world's first cloned camel, Injaz (achievement in Arabic), on April 8, 2009.

Tunisia’s president to amend constitution, form new government

The power grab came amid chronic legislative infighting that had crippled governance
  • The power grab came amid chronic legislative infighting that had crippled governance
  • Saied is yet to appoint a new government or reveal a roadmap towards normality

UAE operating aid air bridge to Kabul: airport manager

The UAE have been key staging posts for evacuation flights for foreigners and Afghans
  • The UAE have been key staging posts for evacuation flights for foreigners and Afghans
  • More than two thirds of the 120,000 Afghans and foreigners who fled Afghanistan on evacuation flights landed in the UAE and Qatar

DGCX, Zimbabwe exchange ink pact

DGCX will extend technical support and skills to VFEX.
  • The aim of the agreement is to establish an international commodities exchange in Zimbabwe.
  • The one-year agreement was signed during the visit of a high-level Zimbabwean ministerial delegation.

Macron says abandoning Gaza ‘will kill’ West’s credibility

French President Emmanuel Macron said on Friday that abandoning war-torn Gaza to its fate and giving Israel a "free pass"...

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Honda unveils futuristic EV series

It will introduce a commercial model in the US in 2026.

Hizbollah targets Israeli base in revenge attack

In a statement, Hizbollah said that it targeted the "enemy's northern command centre" in the Israeli city of Safed with...

EU examines Microsoft large investment in OpenAI

Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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2023 hottest recorded year as Earth nears critical threshold

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
  • Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
  • Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.

GSK to buy Aiolos Bio

The focus is on an asthma medication still at the testing stage.
  • The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma
  • AIO-001 was exclusively licensed to Aiolos outside of China by Jiangsu Hengrui Pharmaceuticals, which initially developed the asthma treatment

EVA Air orders 33 Airbus planes

The deal could be worth as much as $8.5 billion.
  • The 33 planes ordered include 18 long-range A350-1000 planes and 15 single-aisle A321neo models
  • The wide-bodied A350-1000 type can seat up to 410 passengers and travel up to 18,000 kilometers non-stop