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

IEA feels the heat as Washington pushes pro-oil agenda

Paris, France -- No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the...

Erdogan submits Sweden’s NATO bid to Turkish parliament

Turkey and Hungary are the only NATO members yet to ratify Sweden's membership request, which came after Stockholm dropped its...
  • NATO chief Jens Stoltenberg on Monday urged a quick vote by Turkey's parliament to approve Sweden's membership.
  • Erdogan has put pressure on Sweden to take measures over Quran burnings at protests in the country that have angered many in Muslim countries.

Over 5,000 Palestinians killed in relentless Israeli bombardments

There have also been increasing cross-border exchanges of fire along Israel's northern border with Lebanon, between Israeli troops and Hezbollah,...
  • Gaza's Hamas government said Israeli strikes overnight killed more than 60 people, including 17 in a single strike on a house in Jabaliya, in northern Gaza.
  • The United States has vowed to ensure a "continued flow" of relief goods into Gaza, where Israel has cut off most water as well as food, power and fuel.

Qatar Airways’ CEO to quit

Akbar Al Baker led the state-owned airline for over 25 years.
  • According to the reports which cited a memo to staff, Baker, who led the firm for over 25 years, is due to step down from November 5.
  • Akbar Al Baker has been widely credited with transforming the fortunes of the fledgling airline he took control of in 1997,

Chevron to acquire Hess

Chevron last year posted a record profit of $35.5 billion.
  • Chevron's deal values Hess's equity at $53 billion, while the total enterprise value of the transaction, including debt, is $60 billion.
  • The deal will further diversify Chevron's interests, with Hess's assets including an offshore exploration scheme in oil-rich Guyana.

China’s Middle East envoy to arrive in UAE for talks: foreign ministry

Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a...
  • Zhai Jun began his tour of the Middle East last week, first visiting Qatar and meeting with the Gulf Nation's foreign minister as well as his Russian counterpart on Thursday
  • China's Middle East envoy will land in the UAE on Monday and will take part in a symposium on China-UAE relations, Beijing's foreign ministry spokesperson Mao Ning said

Qatar announces 27-year gas deal with Italy’s Eni

In June last year Eni agreed a deal with QatarEnergy for a 3.1 percent share in Qatar's North Field East...
  • Doha will supply one million tons of gas a year under the deal, QatarEnergy said, following an agreement with Eni
  • European nations have rushed to replace lost deliveries of natural gas from Russia in the wake of Moscow's invasion of Ukraine last year

Biden discusses Mideast war with Western allies: White House

The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water,...
  • Biden spoke with the leaders of Britain, Canada, France, Germany and Italy, the White House said in a statement
  • The leaders discussed their own citizens trapped in the Israel-Hamas war, "in particular those wishing to leave Gaza"

EU to debate Gaza truce call as top diplomat urges more aid

Describing the entry of a few dozens trucks of humanitarian aid into Gaza from Egypt as "not enough", EU foreign...
  • Borrell said the bloc was debating calling for a "humanitarian pause" in Israel's conflict with Hamas
  • The 27-nation EU bloc has long been split over its policy on Israel and the Palestinians

Paris crowd calls for end of ‘massacre’ in Gaza

Around 40 organizations joined the rally, including Heilbronn's as well as the Jewish French Union for Peace and an association...
  • "Israel assassin, Macron complicit" and "No peace without decolonisation" were among the slogans at the demonstration in the Place de la Republique square in eastern Paris
  • Police said they made ten arrests at what was the first pro-Palestinian rally in the capital that had not been banned by the police because of security fears

For Turkish city named after founder, centenary holds special significance

General Mustafa Kemal, hero of the Dardanelles war against the Allies, in 1919 began confronting the Westerners who occupied the...
  • Ataturk rewarded the loyalty of the town, nestled between the mountains and the sources of the Euphrates, by giving it his name ahead of creating the Turkish republic
  • Kemaliye has been home to many celebrations including concerts, football tournaments and banquets on every October 29 since the birth of the republic in 1923

UN experts urge FIFA, UEFA to suspend Israel over Gaza genocide

"Sports must reject the perception that it is business as usual," the eight independent UN experts the in a statement....

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US reaching out to China for tariff talks: Beijing state media

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...

‘The Eternaut’ echoes fight against tyranny: Ricardo Darin

Survival through teamwork: It's a tale as old as time with particular resonance today, says Argentine actor Ricardo Darin of...

US imposes sanctions to curb Iran oil despite talks

The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...
  • The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.
  • It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.

Global stocks mostly rise as Trump grants auto tariff relief

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...
  • Trump's pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to allow carmakers to offset a portion of the levy for two years
  • Investors are "encouraged by the Trump decision to be a little more flexible (...) with the autos," said CFRA Research's Sam Stovall, who predicted stocks could go higher

Tunics & turbans: Afghan students don Taliban-imposed uniforms

Kabul, Afghanistan - Since the start of the school year in March, Afghan boys have been required to wear new...
  • The Taliban say the dress code enforces discipline, masks inequality, and reflects true Islamic attire — a move that has sparked controversy
  • Since their return, the streets of Kabul and other areas have become more uniform, with many men opting for the monochrome loose trousers and long tunic