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

UN chief slams ‘collective punishment’ of Palestinians

Antonio Guterres, speaking at an economic forum in China, condemned the October 7 Hamas attacks on Israel that killed more...
  • Guterres appealed for an "immediate humanitarian ceasefire" in the war between Israel and Hamas in Gaza
  • He called on Hamas for the "immediate and unconditional release of hostages" taken during Hamas's assault

Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
  • Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
  • "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

Israel bombs hospital in Gaza, hundreds killed: Health Ministry

The health ministry of the besieged enclave said between 200 and 300 people displaced by 10 days of heavy bombardment...
  • Separately, the UN agency supporting Palestinian refugees said six people were killed when one of its schools sheltering displaced families was hit during Israeli strikes.
  • Palestinian president Mahmud Abbas declares three days of mourning after the "hospital massacre" in Gaza.

Tech summit in disarray after organizer’s Israel comment

Paris, France - Several technology industry leaders have decided to boycott one of the sector's biggest annual events after the organizer...
  • "War crimes are war crimes even when committed by allies, and should be called out for what they are," Cosgrave wrote on October 13
  • Cosgrave also said that Israel should adhere to the Geneva Conventions, "ie, not commit war crimes"

Hamas says one of top commanders killed in Israel strike

Hamas attacked Israel on October 7 and left over 1,400 people dead and triggered Israeli retaliatory strikes on Gaza where...
  • Palestinian group Hamas said that one of the top leaders of its armed wing was killed during an Israeli strike in the Gaza Strip.
  • Confirming his killing, the Israeli military described Ayman Nofal as "one of the most dominant figures" in Hamas.

First group of evacuees from Israel aboard US ship lands in Cyprus

Nicosia, Cyprus - A first group of evacuees from Israel arrived in Cyprus on Tuesday aboard a US-chartered cruise ship as...
  • The 159 evacuees on board the Royal Caribbean cruise ship Rhapsody of the Sea primarily consisted of elderly individuals, families with children and tourists.
  • Cyprus is being used as a safe transfer hub for foreign nationals evacuated from Israel after Hamas' shock October 7 attack, which killed more than 1,400 in Israel.

China envoy seeks Israel-Hamas de-escalation in Middle East trip

Shanghai, China - China will this week weigh into the Israel-Hamas war by sending its special envoy to the Middle East,...
  • Washington says it hopes China's friendship with Hamas backer Iran could help calm the conflict, particularly after Beijing brokered a detente between Tehran and Riyadh.
  • Beijing has historically been sympathetic to the Palestinians, though it has supported the nationalist Palestine Liberation Organization rather than Hamas.

Desperation grows for Gazans seeking respite from Israeli storm

Amira, 44, and her children have moved to the courtyard of the Nasser hospital in the southern district of Khan...
  • "Death might be more merciful," she added. About one million people from northern Gaza have moved to Khan Yunis and other districts to avoid the looming Israeli ground offensive.
  • UNICEF, the UN children's agency, has said that unless water and fuel are sent "immediately", Gaza inhabitants are in "imminent danger" of epidemics and death.

Rolls-Royce to cut 2,500 jobs

It will cut six percent of its staff to build a leaner company.
  • Chief executive Tufan Erginbilgic said the company was building a Rolls-Royce that is fit for the future
  • Last CEO Warren East had axed more than 9,000 jobs and launched a major divestment programme in 2020

Iran warns of ‘action’ against Israel by ‘resistance axis’

Iran's Foreign Minister Hossein Amir-Abdollahian warned in a live broadcast to state TV of the possibility of pre-emptive action by...
  • The minister said the "resistance leaders" will not allow Israel "to do whatever it wants in Gaza"
  • The Islamic republic celebrated the Hamas assault but was at pains to stress that it was not involved

Who recognises the State of Palestine, who doesn’t, and why does it make a difference?

Here is an overview of diplomatic recognition of the state, which was unilaterally proclaimed by the Palestinian leadership in exile...

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Mohamed Salah: Liverpool’s Egyptian King

Salah's tally of 185 goals in the English top flight is the joint fifth highest in Premier League history and...

Screens, drones, massages: Shanghai flaunts the future of cars

Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and...

Qatar Prime Minister sees some progress on Gaza truce

"We need to find an answer for the ultimate question: how to end this war. That's, that's basically, I think,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Massive explosion at Iran’s Shahid Rajaee Port kills 18, injures 800

Although the cause of the blast was not immediately clear, the port's customs office said in a statement carried by...
  • The NYT, quoting a person with ties to the Revolutionary Guard, reported that what exploded was sodium perchlorate, a major ingredient in solid fuel for missiles.
  • "The intensity of the fire in Shahid Rajaee Port has increased and it is possible that the fire could spread to other areas and containers," state TV said late Saturday.

‘Something new for the honey market’: Austria trials DNA testing to uncover fraud

Voels, Austria -- At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a...
  • With fake honey flooding markets, and only a few European laboratories running such analysis, the small Austrian company Sinsoma began offering the tests two years ago.
  • Between 2021 and 2022, 46 percent of the honey tested under an EU investigation as it entered the bloc was flagged as potentially adulterated, up from 14% in the 2015-17 period.

Palestinian president Abbas appoints Fatah veteran Hussein al Sheikh as potential successor

Abbas's close aide, 69-year-old Hussein was appointed as the first ever vice president of the Palestine Liberation Organization after the...
  • The PLO is empowered to negotiate and sign international treaties on behalf of the Palestinian people, while the PA is responsible for governance in parts of the Palestine.
  • The PLO is an umbrella organization comprising several Palestinian factions, but not Hamas and Islamic Jihad, which are currently at war with Israeli forces in Gaza.