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

Gaza cancer patients fly to Turkey for treatment

Turkish Health Minister Fahrettin Koca said 27 patients had been flown to Turkey from Egypt, along with 13 companions, without specifying...
  • Two planes carrying the patients, many of them children, landed at Ankara airport
  • Turkey has sent material for field hospitals, ambulances and generators to Egypt to treat civilians

Iran urges UN to deliver aid quickly in desperate Gaza

"The amount of humanitarian aid sent to Gaza is very small and almost zero, and it is necessary for the...
  • The Iranian foreign minister said the amount of humanitarian aid sent to Gaza is very small and almost zero.
  • Trucks carrying the first delivery of fuel to Gaza since the Israel-Hamas war began on October 7 crossed from Egypt Wednesday.

UN says greenhouse gas emission reach all time high in 2022

The UN's World Meteorological Organization said levels of the three main greenhouse gases -- the climate-warming carbon dioxide, methane and...
  • Such levels of heat-trapping gases will mean further temperature increases, more extreme weather and higher sea levels.
  • The global mean temperature in 2022 was 1.15C above the 1850-1900 average, with 2023 likely to be the warmest year on record.

Biden, Xi set for high-stakes summit

San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling...
  • With tensions soaring over issues including Taiwan, sanctions and trade, the leaders of the world's largest economies are expected to hold at least three hours
  • The 80-year-old Biden held out an olive branch to Xi, 70, on the eve of the talks, insisting that the United States was "not trying to decouple from China"

Erdogan calls Israel a ‘terror state’ before his Germany visit

ANKARA, TURKEY - Turkish President Recep Tayyip Erdogan on Wednesday called Israel a "terror state", stepping up his condemnation of the...
  • The Turkish leader took a more nuanced line immediately after Hamas's October 7 cross-border attacks.
  • Health officials in the Hamas-run territory say more than 11,300 people, also mostly civilians, have been killed in Gaza.

Alstom to cut 1500 jobs

Alstom said it aims to cut debt by 2 billion euros by March 2025.
  • Alstom posted last month a negative cash flow of 1.15 billion euros ($1.25 billion) in the first half of its fiscal year.
  • The group said it was working on a "comprehensive operational, commercial, and cost efficiency plan" to reinforce its balance sheet.

Dubai plans bigger airport as passenger traffic continues to increase

"Once we've reached about 120 million (passengers a year), which is what we think our total capacity at DXB (Dubai...
  • Dubai Airports CEO Paul Griffiths said designs were being drawn up for Al Maktoum International Airport, which will be built on the city's outskirts
  • Third-quarter traffic was 22.9 million, the highest since 2019, taking 2023 numbers so far to 64.5 million, nearly 40 percent higher than the same period in 2022.

UN appalled by Israeli military raid on Gaza’s Al Shifa hospital

UNICEF's executive director Catherine Russell, on a rare visit to the Palestinian territory by a top UN official, said she...
  • Just hours after receiving its first wartime delivery of fuel from outside Gaza, the UN warned Wednesday its operations in the territory were facing collapse.
  • Canadian Prime Minister Justin Trudeau has said the killing "of women, of children, of babies" in the Israel-Hamas war must stop.

US renews waiver allowing Iraq to buy Iranian gas

Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for...
  • A US official said Iraq can use its own funds to "render payment for Iranian electricity imports into restricted Iranian accounts in Iraq"
  • In order to force Baghdad to pay its arrears, Tehran regularly suspends its gas supplies, which are essential for Iraq's power stations

Almost all oil and gas producers developing unneeded fields: NGO

Germany's Urgewald, along with 50 other NGOs, analyzed the investment plans of 1,623 companies involved in the oil and gas...
  • The Global Oil and Gas Exit List (GOGEL) said that of the 700 companies that produce oil and gas, 96 percent plan to develop new fields
  • The report said that 1,023 companies plan infrastructure projects for the transport of fossil fuels, such as pipelines and liquefied natural gas terminals

Netanyahu to meet Trump as Israel faces isolation over Gaza war

The meeting comes days after Trump unveiled a 21-point plan aimed at ending the war in the Palestinian territory during...

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Gaza rescuers say 80 killed in Israeli strikes

Gaza rescuers said at least 80 people were killed in Israeli bombardment across the Palestinian territory on Wednesday, as Israeli...

Trump presses Syria leader on Israel after lifting sanctions

US President Donald Trump landed in Doha Wednesday after visiting Riyadh, where he urged Syria's president to normalise with Israel...

Trump welcomed grandly as Saudis invest big in US arms

Under imposing chandeliers, Trump welcomed a promise by Crown Prince Mohammed bin Salman, who effectively rules the kingdom due to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Al Jazeera says allowed to resume work in Palestinian territories

Ramallah, Palestinian Territories - Al Jazeera's Ramallah bureau chief said on Monday the news channel could resume working in the...
  • The Ramallah-based Palestinian Authority (PA) ordered the suspension of the Al Jazeera's broadcasts on January 1, accusing it of incitement
  • The channel had aired footage of what appeared to be Palestinian security officers entering the network's office in Ramallah and handing over the suspension orders

Israel hits Gaza hospital in raid Hamas says killed journalist

Israel's military said it struck a Gaza hospital housing militants, in a raid on Tuesday that, according to Hamas, killed...
  • The strike, which Hamas said happened at dawn, ended a brief pause in fighting to allow the release of a US-Israeli hostage
  • The Israeli military said that "significant Hamas terrorists" had been "operating from within a command and control centre" at Nasser Hospital

Trump heads to the Gulf eyeing deals amid diplomatic offensive

In the days before the trip, the White House has played an instrumental part in hammering out a ceasefire between...
  • Riyadh, Doha and Abu Dhabi are expected to roll out the red carpet with a lavish royal welcome for the 78-year-old billionaire
  • Iran is likely to feature prominently during the visit, following a fourth round of talks in Oman over the weekend