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

Saudi leader tells British PM attacks on Gaza ‘heinous’

Mohammed bin Salman, the Gulf kingdom's de facto ruler, made his comments during a meeting with British Prime Minister Rishi...
  • Sunak and Prince Mohammed "agreed that the loss of innocent lives in Israel and Gaza over the last two weeks has been horrific," according to a readout from Sunak's office
  • Since the war broke out, Saudi Arabia has issued a series of statements denouncing the displacement of Palestinians from their homes and attacks on "defenseless civilians"

Indian firm halts uniform sales to Israel police over Gaza war

Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for...
  • Statement of Maryan Apparel said that a strike on a hospital and the "loss of thousands of innocent lives" in the conflict had prompted the decision
  • According to the statement, the Indian firm will fulfil its existing commitments to Israel, which end in December, but will not take new orders

Moody’s puts Israel’s credit ratings on review for downgrade

Moody's announced that it was putting a number of the Israeli government's credit ratings on review for a downgrade, including...
  • Moody's statement comes after Fitch Ratings announced on Tuesday that it was placing Israel's A+ foreign-and local-currency issuer default ratings on "Ratings Watch Negative"
  • Fitch cited "the heightened risk of a widening of Israel's current conflict to include large scale military confrontations with multiple actors, over a sustained period of time"

EU president says Egypt needs support to handle fleeing Gazans

"Egypt needs support, so let's support Egypt," said Michel, who is in Washington to attend a summit with US President...
  • Michel will attend at al-Sisi's invitation a "conference on the current developments in the Middle East, Palestine and the Peace Process," said his spokesperson
  • Long-awaited humanitarian aid for Palestinians stranded in the Gaza Strip is set to start flowing on Friday, Egyptian media reported on Thursday

Biden urges US to lead world against Hamas, Putin threats

Biden also called for an end to a surge in both anti-Semitism and anti-Muslim prejudice in the United States, especially...
  • Biden, 80, said he would make an "urgent" request to Congress on Friday for funding to help Ukraine and Israel
  • He argued that this was an investment for the United States' future on the world stage for decades to come

Stocks slide as investors worry over Middle East crisis

London, United Kingdom - European and US stock markets fell Thursday as investors worried over rising US Treasury yields and the...
  • Wall Street opened higher after falling the previous day, but slid into loss during morning trading, while Europe's main stock markets extended losses
  • Risk aversion among traders was increased by concerns the Federal Reserve would hike interest rates again, or at least keep them elevated for an extended period

EU okays takeover of Seagen

Pfizer announced in March its deal with Seagen.
  • The European Commission, the bloc's powerful anti-trust authority, said it had "unconditionally approved" the transaction after a market investigation
  • The firm came to major drugmakers' attention with its work on antibody-drug conjugates that are "designed to preferentially kill cancer cells"

Nine Palestinians killed in West Bank, says health ministry

RAMALLAH, PALESTINIAN TERRITORIES - Israeli troops killed nine Palestinians in multiple clashes across the occupied West Bank on Thursday, the Palestinian health...
  • The Israeli military said it carried out an air strike which killed "a number of terrorists" in Nur Shams.
  • The Palestinian health ministry said it had been informed of "other martyrs who could not be transferred by ambulance to the hospital".

Medics recount shocking toll of child deaths in Gaza war

Rafah, Palestinian Territories -- Eight sleeping children killed in one strike, doctors fighting but failing to save an unborn child --...
  • Doctors say they are fighting a losing battle against a lack of medicines, water and fuel to keep hospitals running.
  • Eight children aged between two and five were among 10 people from the same family killed in an air strike on a house in the city of Khan Yunis, in southern Gaza.

Renault shares fall as sales disappoint

The company's strategy is to sell fewer cars but at higher prices.
  • Sales grew 7.6 percent to 10.5 billion euros ($11 billion) as a drop in volume was offset by price increases for its vehicle lineup
  • But investors were not impressed as company shares fell more than seven percent in morning trading in the Paris stock exchange

Israel says will not allow Gaza-bound aid flotilla to break its blockade

The Global Sumud Flotilla, also carrying prominent pro-Palestinian advocates including Swedish climate activist Greta Thunberg, set sail for Gaza earlier...

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UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants

The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at...

Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...

Amazon launches first Starlink-rival internet satellites

Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Brazil calls for Israeli withdrawal from Gaza at BRICS ministers’ meet

The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth...
  • "The resumption of Israeli bombardments and the continued obstruction of humanitarian aid are unacceptable," Brazilian Foreign Minister Mauro Vieira said.
  • The BRICS grouping has expanded significantly since its 2009 inception, and now includes Iran, Egypt, Indonesia, Ethiopia and the United Arab Emirates.

Amazon set for launch of its first batch of Starlink-rival satellites

Washington, United States -- After delaying an earlier attempt due to bad weather, Amazon is preparing to launch its first...
  • The mission, called Kuiper Atlas 1, is scheduled to lift off from Cape Canaveral Space Force Station in Florida at 7:00 pm local time (2300 GMT).
  • The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit -- the region of space up to 1,900km above the planet.

China says on ‘right side of history’ in trade standoff with US

Since returning to the presidency in January, US President Donald Trump has imposed 10 percent tariffs on most US trading...
  • The US, China said, "play cards out of thin air, bully and go back on their word", condemning Washington's "unilateralism and bullying."
  • Beijing, however, has vowed to fight a trade war "to the end" and denied US claims it is in talks with Washington