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

Biden to miss COP28 climate summit: US official

Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could...
  • A US official confirmed that Biden was not planning to attend COP28 this week or during a second window close
  • The official said the Biden administration was still discussing whether to send a top-level official to Dubai

Crew of Israel-linked tanker seized off Yemen ‘safe’: US official

A US defence official told a media outlet that an unknown number of "unidentified armed individuals" seized the M/V Central...
  • A US defense official said US and coalition forces responded to the emergency aboard the tanker
  • The Houthis have launched a series of drone and missile strikes targeting Israel since the October 7 attack

Hamas frees more captives in Gaza as truce extension mooted

Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed...
  • The exchanges under a four-day ceasefire that started Friday have been the first relief for captives' families.
  • United States President Joe Biden announced that the 13 released included a four-year old American girl..

Irish author Paul Lynch wins 2023 Booker Prize for fiction

London, United Kingdom - Irish author Paul Lynch won the 2023 Booker Prize for fiction on Sunday for his novel "Prophet...
  • Lynch pipped five other shortlisted novelists to the prestigious award for his dystopian work about an Ireland that descends into tyranny
  • The prize is one of the world's top literary awards and has propelled to fame countless household names, including Salman Rushdie, Margaret Atwood and Hilary Mantel

Climate change is the single biggest health threat facing humanity, says WHO

PARIS, FRANCE -  Growing calls for the world to come to grips with the many ways that global warming affects human...
  • Global warming must be limited to the Paris Agreement target of 1.5 degrees Celsius "to avert catastrophic health impacts”, WHO said.
  • Under current national carbon-cutting plans, the world is on track to warm up to 2.9C this century, the UN said.

Some farmers in drought-hit Iraq forced to reduce crops: NGO

Baghdad, Iraq -- Sixty percent of farmers surveyed in four provinces of drought-hit Iraq reported having to reduce cultivated areas or...
  • Successive years of drought have already displaced tens of thousands from rural areas in Iraq, particularly in the southern provinces that face extreme heat during the summer.
  • In addition to drought, the authorities blame upstream dams built by Iraq's powerful neighbours Iran and Turkey for dramatically lowering water levels in the Tigris and Euphrate.

Hamas fighters to free more hostages as families reunite

A third group of Israeli hostages will be set free by Hamas fighters in exchange for Palestinian prisoners, a day...
  • Hamas has released 26 Israeli hostages in exchange for 78 Palestinian prisoners
  • It will free a total of 50 hostages during the truce in exchange for 150 Palestinians

Israeli army kills 6 people in West Bank: Palestinian ministry

The West Bank has seen an uptick in violence since the October 7 cross-border attack on Israel by Hamas last...
  • A 25-year-old doctor was killed early in the morning outside his home in Qabatiya, a stronghold of Palestinian armed groups
  • Four people were also killed by Israeli army fire in Jenin, during an incursion by a large number of armored vehicles into the town

China begins probe into indebted asset management firm

Zhongzhi Enterprise Group managed assets worth more than one trillion yuan ($141 billion), according to investment bank Nomura. But the...
  • Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified "alleged offences"
  • Zhongzhi declared itself insolvent on Wednesday with its arrears estimated at nearly $66 billion, according to a letter to investors cited by local media

UN delivers fresh supply of aid in northern Gaza

Eleven ambulances, three coaches and a flatbed were delivered to Al-Shifa hospital, which had seen heavy fighting in recent days,...
  • The UN said that another 200 trucks had been dispatched to the Gaza Strip from Nitzana, Israel
  • It said that the longer the pause lasts, the more aid humanitarian agencies will be able to send into Gaza

Yemen’s Huthis take responsibility for attack on Dutch cargo ship

Sana, Yemen - Yemen's Huthi rebels claimed responsibility on Wednesday for an attack on a Dutch cargo ship this week...

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UAE tops 50C in highest May temperature on record

The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...

Trump fires new 50% tariff threat at EU, drawing stiff response

Washington, United States - President Donald Trump rekindled the US trade war on Friday, threatening to impose a 50 percent...

Israeli embassy staffers shot in Washington: how it unfolded

Elias Rodriguez faces murder and other charges after allegedly gunning down two Israeli embassy staffers outside the Capital Jewish Museum...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Why Israel gets support from central, eastern Europe

Their solidarity came to the fore on Wednesday, when Austria and Germany broke ranks with European Union peers to argue...
  • EU diplomats have said 17 of the bloc's 27 nations wanted to re-examine the pact, which has been in force for 25 years, to pressure Israel over its war in Gaza.
  • But Austria and Germany broke ranks with European Union peers to argue against a review ordered by Brussels of an EU-Israel cooperation deal

Iran, US to hold new round of nuclear talks in Rome

The talks, which began in April, are the highest-level contact between the foes since the United States quit the 2015...
  • Since returning to office, Trump has revived his "maximum pressure" campaign on Iran, backing talks but warning of military action if diplomacy fails
  • US envoy Steve Witkoff said Washington "could not authorise even one percent" enrichment -- a position Tehran called a red line, citing its rights under the NPT

Gazans mourn at dawn after night of intense Israeli strikes

Gaza's civil defence agency said that more than 20 air strikes hit Khan Yunis and its surroundings overnight, with the...
  • First responders have reported dozens of deaths daily since Israel intensified its attacks in the coastal territory, home to 2.4 million Palestinians
  • Every morning, the civil defence agency has provided death tolls for overnight air strikes that often hit houses in rural areas or apartment buildings