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

Saudi Arabia’s PIF to buy 10 percent stake in London’s Heathrow airport  

Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose...
  • Heathrow, which is one of the world's busiest airports, is owned by the consortium FGP Topco Limited.
  • Ferrovial bought its stake in Heathrow in 2006 and initially held 56 percent of the hub, before reducing its interest.

Sweden says Turkey promised NATO approval ‘within weeks’

NATO's other 29 allies, outside of Turkey and Hungary, had hoped to formally welcome Sweden into the alliance at the...
  • Turkey and Hungary are the only NATO members yet to ratify Sweden's bid, more than 18 months after it applied for membership
  • Turkish parliament this month started to debate Sweden's application to join after Erdogan launched the process following a deal at a NATO summit in July

Oil prices inch up on mixed day for US stocks

World stock markets have made robust gains in recent weeks on hopes that the US central bank had finished with...
  • Fed Governor Christopher Waller said he was "encouraged" by recent progress on the economy
  • Market analysts say the gain came "as expectations build on the prospect of another output cut"

US military Osprey with 8 crew crashes off Japan

Tokyo, Japan--A US Osprey military aircraft with eight crew on board crashed on Wednesday off a Japanese island, the coastguard said,...
  • The coastguard said one unconscious person had been found at the scene and transported to a nearby port
  • The Osprey, developed by Bell Helicopters and Boeing, has suffered a string of fatal crashes over the years

SUV sales ‘offset’ carmakers’ electric gains: Greenpeace

The SUVs produced by Toyota, Volkswagen, and Hyundai-Kia have all posted sales increases of more than 150% over the past...
  • Greenpeace report said that SUVs emit approximately 12 percent more carbon dioxide than sedans
  • Volkswagen SUV sales soared by 270% over the last 10 years, while Toyota SUV sales have risen by 158%

Amazon releases AI chatbot

"Q" will be available only to the company's AWS cloud.
  • "Q" will be available only to Amazon's AWS cloud computing customers and will be in direct competition with ChatGPT as well as Google's Bard and Microsoft's copilots
  • Costing $20 monthly per user, Amazon Q will perform a variety of tasks including summarizing uploaded documents and answering questions about specific data

G7 calls on Houthis to stop threats to shipping

On November 19, Huthis seized Israeli-linked cargo vessel the Galaxy Leader and its 25 international crew at the entrance to...
  • Huthis have launched a series of drone and missile strikes targeting Israel since Hamas fighters poured over the border into Israel on October 7
  • Gaza's Hamas government says that almost 15,000 people, mostly civilians, have been killed in Israel's retaliatory ground and air operation

12 more Gaza hostages freed as mediators seek lasting truce

So far, 60 Israeli hostages have been freed from Gaza under the terms of the deal, with a Russian-Israeli, 20...
  • The final 24 hours of the extended agreement begins later Wednesday, with one more exchange of hostages for civilians expected
  • On Tuesday, Hamas and Israel traded accusations of truce violations, but Qatar's Ansari said the "minimal breaches" did not "harm the essence of the agreement."

US, Israel intel chiefs in Qatar to explore ‘next phase’ of Gaza truce

The leaders of the US Central Intelligence Agency and Israel's Mossad were scheduled to meet Qatari Prime Minister Mohammed bin...
  • "The director of the CIA and the director of the Israeli National Intelligence Agency are in Doha to meet with the Qatari prime minister," a source told AFP
  • Qatar has been engaged in intense negotiations, with support from Egypt and the United States, to further extend the truce in Gaza

Climate crises drove 27 million children into hunger in 2022, says charity

Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about...
  • The figure represented a sharp 135 percent increase over 2021, the UK-based charity said in an analysis ahead of the COP28 climate summit opening in Dubai
  • It said children made up nearly half the 57 million people pushed into crisis levels of acute food insecurity or worse across 12 countries because of extreme weather in 2022

Google infuses Gemini generative AI into home gadgets

Paris, France -- Google said Wednesday it was adding its Gemini generative AI assistant to its smart home devices, saying...

Company News

Latest News

Trump slams ‘crazy’ Putin as Russia pummels Ukraine with massive drone attack

US President Donald Trump called his Russian counterpart Vladimir Putin "crazy" on Sunday after Moscow launched a deadly barrage of...

OPEC+ expected to open taps more despite price slump

The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change...

Turkey, PKK must both change for peace: former militant

"When you try and explain peace to people, there is a very serious lack of trust," said Yuksel Genc, a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Syria hails US lifting of Assad-era sanctions

The move was formalised Friday after being announced by Trump on a Gulf tour this month during which he shook...
  • Keen to reboot and rebuild after 14 years of devastating civil war, the new authorities in Damascus have hailed Washington's lifting of US sanctions
  • The move was formalised Friday after being announced by Trump on a Gulf tour this month during which he shook hands with Syria's interim President Ahmed al-Sharaa

Iran-US nuclear talks: key points of contention hampering progress

Tehran, Iran - Long-time adversaries Iran and the United States held a fifth round of Oman-mediated nuclear talks on Friday...
  • The United States and Western countries suspect Iran of seeking to acquire nuclear weapons, but Iran denies having such ambitions
  • American officials including Middle East envoy Steve Witkoff, who has led Washington's delegation at the talks, have spoken out against Iran's enrichment programme

Syrian leader meets Turkish president in Istanbul

Syria's interim leader met with Turkey's president in Istanbul on Saturday, in an unannounced visit amid efforts by the new...
  • Ankara is a firm supporter of Syria's new Islamist authorities, who toppled longtime dictator Bashar al-Assad in December
  • The Syrian delegation included its foreign and defence ministers and would "discuss a number of common issues" with the Turkish side