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

Islamists routed by liberal parties in Morocco

The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats...
  • The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats in the outgoing assembly to just 12
  • The liberal parties like the National Rally of Independents and the Authenticity and Modernity Party got 97 and 82 respectively

US defense secretary defers visit to Saudi Arabia

Austin traveled to the Gulf region earlier this week, a week after the chaotic US withdrawal from Afghanistan ended. He...
  • Austin first went to Doha with Secretary of State Antony Blinken to visit the main base for the massive airlift set up by the United States out of Kabul
  • He then traveled to Kuwait, where he met Wednesday with the country's leaders

Donkey milk soap soaking up fans in Jordan

Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan
  • Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan
  • Donkey's milk is said to be rich in minerals and proteins that can help moisturise the skin

Morocco polls: ‘New model of development’ in focus

King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the...
  • King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the next five years
  • The palace remains the source of key decisions and strategic direction in the country of 36 million people

Power cuts stall industrial revival in Syria’s Aleppo

The conflict has ravaged electricity networks as well as oil and gas infrastructure across the country
  • The conflict has ravaged electricity networks as well as oil and gas infrastructure across the country
  • Syrians in government-held areas have had to adapt their lives at home and work around power cuts of up to 20 hours a day

Nuclear watchdog flays Iran for undermining monitoring

The latest report comes with diplomatic efforts to revive the 2015 nuclear deal between Iran and world powers at a...
  • The latest report comes with diplomatic efforts to revive the 2015 nuclear deal between Iran and world powers at a standstill
  • In February, Iran suspended some IAEA inspections in response to the United States' refusal to lift sanctions on Iran

Amid Covid pandemic, Global Fund spent $4.2 bn to fight HIV, TB, malaria in 2020

The Fund approved an additional $980 million to respond to Covid-19
  • The Fund approved an additional $980 million to respond to Covid-19
  • The number of people who received life-saving antiretroviral therapy for HIV in 2020, rose by 8.8%

In world first, bitcoin becomes legal tender in El Salvador

El Salvador has become the first country to introduce bitcoin as legal tender, with high demand forcing a freeze of...
  • Bitcoin can be bought and spent using a cyber wallet called "Chivo"
  • Special ATMs allow people to make bitcoin transactions and draw cash in dollars

Hyundai speeds up auto roll-out

Hyundai is stepping up the pace of developing hydrogen technology and plans to offer engines powered by the fuel on...
  • From 2023, Hyundai's third generation of fuel cells will be half the price, much smaller and more powerful than their predecessors
  • "We aim to help foster a worldwide hydrogen society by 2040"

Graft in focus as Iran’s spy thriller ‘Gando’ returns

In March, the sixth episode of Gando's second season triggered fierce debate with a plotline featuring a spy among Iran's...
  • In March, the sixth episode of Gando's second season triggered fierce debate with a plotline featuring a spy among Iran's nuclear negotiators
  • By the 13th episode of the show, broadcast five days a week, the plug was pulled without explanation

Google makes case for keeping Chrome browser in US court

Washington, United States - Google on Friday urged a US judge to reject the notion of making it spin off...

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EVA Air orders 33 Airbus planes

The deal could be worth as much as $8.5 billion.

Tokyo’s Nikkei climbs to its highest level since Mar 1990

Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei...

Boost investment to avert ‘decade of wasted opportunity’: World Bank

Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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ByteDance to sell gaming arm

It is in talks with buyers including tech giant Tencent.
  • The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of ByteDance
  • Nuverse was once viewed by the firm as a vital component in its bid to catch up with Tencent

France drops renewables targets in new energy bill

The proposed text affirms "the sustainable choice of using nuclear energy as a competitive and carbon-free" source of electricity. But...
  • The proposed text reaffirms France's commitment to nuclear power to ensure "energy sovereignty"
  • The draft law also drops targets for reducing energy consumption via renovation of buildings.

Blinken returns to Israel as Gaza death toll rises to 23, 210

The US secretary of state -- on his fourth Middle East tour since the war broke out -- was back...
  • Hamas leader Ismail Haniyeh called on Muslim states "to support the resistance with weapons, because this is... not the battle of the Palestinian people alone".
  • At least 23,210 people have been killed in the Palestinian territory due to relentless Israeli bombardment, 126 deaths in the past 24 hours alone.