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

Israel has suffered defeat in its war against Hamas: Khamenei

Speaking at an Islamic Revolutionary Guard Corps aerospace force centre in the capital Tehran, Khamenei said "the defeat of the...
  • The Islamic republic, which supports Hamas, has hailed the October 7 attacks a "success"
  • Khamenei exhorted Muslim countries to "cut off" ties and halt trade with Israel

Yemen rebels say seized vessel owned by Israeli businessman

A Yemeni maritime source said the Huthis had "seized a commercial vessel" and took it to the port of Salif...
  • The announcement came days after the rebel group threatened to target Israeli vessels in the waterway over Israel's war with Hamas in the Gaza Strip
  • The office of Israeli Prime Minister Benjamin Netanyahu said the vessel was owned by a British company and operated by a Japanese firm

Head breaks India hearts as Australia win sixth World Cup title

Ahmedabad, India -- Opener Travis Head hit a sparkling 137 to power Australia to a record-extending sixth World Cup title with...
  • Chasing a tricky 241 for victory in the final, Australia slipped to 47-3 before the left-handed Head hit his second century of the tournament to steer the team home.
  • Head's knock and his marathon stand of 192 with Marnus Labuschagne, unbeaten on 58, ended India's dominant run of 10 unbeaten matches at the event.

‘Horrendous events’ in Gaza in past days ‘beggar belief’: UN rights chief

"The killing of so many people at schools turned shelters, hundreds fleeing for their lives from Al-Shifa Hospital, amid continuing...
  • All 31 premature babies at Al-Shifa hospital had been evacuated Sunday from the facility which the WHO has described as a "death zone".
  • A deal to free hostages Hamas seized in its October 7 attack on Israel now hinges on "minor" practical issues, Qatar's prime minister said.

Adoption of electric vehicles in US face infrastructure hurdles

NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and...
  • Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs at dealerships.
  • The network of EV charging stations in the US remains dodgy, with many areas either lacking infrastructure or equipped with unreliable machines

Big tech firms have been fined billions, but not paid them

PARIS, FRANCE - Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing...
  • Ireland's data regulator confirmed that Meta has not paid any of the US$2.2 billion in fines issued since last September.
  • Amazon is still appealing against a US$812 million fine from 2021, Luxembourg's data regulator said.

Opposition parties stage rare rally in South Sudan

Two years after attaining statehood, the world's newest nation collapsed into a civil war that claimed 400,000 lives before a...
  • The coalition of 12 opposition parties gathered in Juba to demand unimpeded access to participate in the country's first national elections since 2011
  • President Salva Kiir, South Sudan's only ruler since independence, has vowed to hold elections in 2024 -- nine years behind the original schedule

Foreign firms race to open offices in Saudi Arabia before deadline

Announced in February 2021, Saudi Arabia's regional headquarters (RHQ) program is widely seen as a bid to compete with Dubai...
  • So far, 162 regional headquarters licenses have been granted in sectors including pharmaceuticals, IT and construction, "with many others being processed", the ministry said.
  • The program is "an early litmus test of the degree to which foreign businesses are prepared or willing to comply with and buy into Saudi initiatives", an analyst said.

Argentine Marcelo Gallardo to coach Saudi club Al Ittihad

The Argentine replaces Nuno Espirito Santo who took Al Ittihad to the Saudi title last season. The Portuguese former Tottenham...
  • Gallardo, started as a midfielder with River Plate in his native Buenos Aires, where he won the Copa Libertadores
  • He coached Nacional of Montevideo to a Uruguayan title in 2012 and returned to River as coach in May 2014

No deal between Israel and Hamas on hostages: US

The Washington Post, citing unnamed sources, said all parties would halt combat operations for at least five days while some...
  • A White House official said they were continuing to work hard to get to a deal
  • Times of Israel quoted PM Benjamin Netanyahu as saying that "as of now there is no deal"

Trump ‘very confident’ of Gaza deal as he hosts Netanyahu

He repeated "very confident" when asked if all parties were on board with the 21-point plan to end the nearly two-year...

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Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran, European powers to hold nuclear talks in Turkey

The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose United...
  • The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose UN sanctions on Iran
  • Trump effectively torpedoed the deal during his first term in 2018, by unilaterally abandoning it and reimposing sanctions on Iran's banking sector and oil exports

Trump caps Gulf tour in Abu Dhabi with dizzying investment pledges, deal worth $1.4 trn signed

US President Donald Trump on Friday capped off a Gulf tour in Abu Dhabi that has seen the securing of...
  • On his first foreign tour of his second term, Trump oversaw a $200 billion order from Qatar Airways for Boeing jets and a $600 billion investment from Saudi Arabia
  • Trump also expressed optimism over reaching a new agreement with Iran over its nuclear programme, and in a seismic diplomatic shift, decided to lift decades-long sanctions on Syria

Gaza air strikes kill over 100 as manhunt unfolds in West Bank

Palestinian rescuers reported more than 100 people killed Thursday in Israeli strikes on blockaded Gaza, where a US-backed organisation said...
  • In the occupied West Bank, raids were ongoing and roads blocked after Israel's military chief vowed to find the perpetrators of an attack that killed a pregnant Israeli woman
  • "Israel's blockade has transcended military tactics to become a tool of extermination", Human Rights Watch executive director Federico Borello said in a statement Thursday