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

IS claims Kabul bus bombing that killed at least 7

Kabul police spokesman Khalid Zadran said the explosion occurred in the capital's Dasht-e-Barchi neighborhood -- an enclave of the historically...
  • The IS-affiliated news outlet Amaq later announced its fighters had "detonated an explosive device" on a bus carrying Shiites in west Kabul
  • The number of bomb blasts and suicide attacks has reduced dramatically since the Taliban ended their insurgency after seizing power in August 2021

Ex-Tottenham boss Nuno sacked by Saudi club Al Ittihad

Nuno was under pressure because of their struggles in the Saudi Pro League, and the club brought down the axe...
  • Nuno, who enjoyed a successful spell as Wolverhampton Wanderers boss from 2017-2021, had been in charge of Jeddah-based Al Ittihad since July last year
  • Assistant coach Hassan Khalifa will take temporary charge while the club finalize a replacement for Nuno, Al Ittihad said in a statement posted on X

MSF says staff member killed in Gaza bombing

According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), citing figures from the Hamas-run ministry of health,...
  • Mohammed Al Ahel, a laboratory technician, was killed in his home in the Shati refugee camp when the area was bombed and his building collapsed
  • Claire Magone, General Director of MSF France, told reporters on Tuesday that Gaza's people had been "bled dry" and rescue workers are "practically powerless"

US opposes reoccupation of Gaza by Israel: State Dept

In a rebuke to the Israeli PM Benjamin Netanyahu who vowed to have "overall security" of Gaza after the war,...
  • Netanyahu told ABC News on Monday that Israel would assume security of Gaza for an indefinite period
  • The Israeli military has relentlessly bombarded Gaza and is scaling up ground operations into the enclave

European Euclid space telescope unveils first images

Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's...
  • Euclid blasted off in July on the world's first-ever mission aiming to investigate the enduring cosmic mysteries of dark matter and dark energy.
  • The first five images were unveiled during a press conference at the European Space Operations Centre in Darmstadt, Germany.

US diplomat urges calm at Lebanon-Israel border amid skirmishes

Beirut, Lebanon - Visiting US envoy Amos Hochstein on Tuesday urged for calm to return to Lebanon's southern border with Israel,...
  • "The United States does not want to see conflict in Gaza escalating and expanding into Lebanon," Hochstein told a press conference in Beirut.
  • "Restoring calm along the southern border is of utmost importance to the US and it should be the highest priority for both Lebanon and Israel," he added.

UN calls for overhaul of financial system to help poorest countries

The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle...
  • The 46 so-called least developed countries, or LDCs, suffered a sharp economic slowdown in the first years of the COVID-19 pandemic.
  • As a consequence of the economic slowdown, an additional 15 million people have been pushed into extreme poverty, the UN body said.

$120m Picasso: Auction houses eye monster sales

Sotheby's and Christie's will be moving a host of big-ticket lots, though they may still have a hard time topping...
  • Fifty years after his death, Pablo Picasso is expected to be one of the blockbusters this season with the sale of a major work: "Femme a la montre", or "Woman with a Watch"
  • At Sotheby's, Monet's "Peupliers au bord de l'Epte, temps couvert" (1891), a depiction of poplars along the river Epte, is expected to fetch $30-$40 million on Monday

IMF upgrades China growth forecast to 5.4 percent in 2023

Beijing, China - The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing stronger consumption and...
  • The economy grew 4.9 percent in July-September, slower than the previous quarter but a lot better than expected and a little shy of the government's goal of 5%
  • China's economy expanded just 3.0 percent last year -- well below the official target of 5.5 percent -- as it was choked by draconian Covid-19 measures

Netanyahu says Israel will have ‘security responsibility’ of Gaza

In the relentless bombardment and ground attacks, 10,328 Palestinians have been killed in the besieged enclave, 300 since Monday alone....
  • The US acknowledged there had been "thousands" of civilian casualties in Gaza, after President Joe Biden previously called into question the validity of numbers published by Hamas.
  • Hundreds of Palestinian foreign passport holders waited on Tuesday inside Gaza Strip to escape through the Rafah crossing with Egypt.

Trump’s granddaughter launches clothing brand from White House

Washington, United States - US President Donald Trump's granddaughter has unveiled a clothing brand bearing her name, with promotional photos...

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US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...

India and Pakistan agree to ceasefire after days of attacks

Pakistan and India agreed Saturday to a full and immediate ceasefire after days of deadly jet fighter, missile, drone and...

Syria’s Sharaa meets Bahrain king on Gulf trip

Manama, Bahrain - Bahrain's King Hamad bin Issa Al Khalifa on Sunday welcomed Syrian President Ahmed al-Sharaa, Bahraini state media...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US and China prepare for trade talks as Trump floats tariff cut

Senior US and Chinese officials are in Switzerland this weekend for talks aimed at de-escalating a burgeoning trade war sparked...
  • Tariffs imposed on the Asian manufacturing giant since the start of the year currently total 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
  • In retaliation, China slapped 125 percent levies on US goods, cementing what is effectively a trade embargo between the world's two largest economies

Rubio urges India, Pakistan to communicate to ‘avoid miscalculation’

Washington, United States - US Secretary of State Marco Rubio urged India and Pakistan to restore direct communication to "avoid...
  • Rubio placed telephone calls to the rivals' top diplomats and, for the first known time since the conflict erupted, also spoke with Pakistan's army chief
  • The stepped-up diplomacy came as the conflict intensified between the nuclear-armed neighbors, with Pakistan launching counterattacks after India struck three of its air bases

Israel not part of Gaza food aid plan: envoy

Israel would not be involved in food distribution under a US-led plan for the Gaza Strip but would provide "necessary military...
  • Despite imposing a now two-month-long blockade of aid on Gaza, Israel has asserted there is no humanitarian crisis in the territory.
  • The US-led initiative has been met with international criticism as it appears to sideline the United Nations and existing aid organisations