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

Iran says US ‘can not renege’ on deal to transfer $6bn via Qatar

Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through...
  • Tehran has come under intense scrutiny since Hamas stormed across Israel's border.
  • Iran has insisted it was not involved, but celebrated the Hamas attack as a "success".

Hamas rejects Israel order to evacuate north Gaza

"Our Palestinian people reject the threat of the occupation (Israeli) leaders and its call for them to leave their homes...
  • "We are steadfast on our land and in our homes and our cities. There will be no displacement," Hamas said.
  • The United Nations said an order by Israel to flee within 24 hours risked a "calamitous situation".

Thousands protest across the world in support of Palestinians

"No to the occupation! No to America!" chanted demonstrators gathered in central Baghdad after Shiite leader Moqtada Sadr called for...
  • In the Gulf state of Bahrain, hundreds of worshippers chanted "Death to Israel!" and "Death to America!" ahead of Friday prayers at Diraz mosque
  • A few hundred people also gathered in the Afghan cities of Kabul and Jalalabad for pro-Palestinian rallies organized by Taliban authorities

Israel’s Gaza assault renews fears of second Nakba

In 1948 more than 760,000 Palestinians either fled or were forced off land claimed by the new state as the...
  • The Israeli army went on to expel Palestinians from the areas newly under its control, notably the central towns of Lod and Ramle, and Galilee in the north.
  • According to the UN there are now 5.9 million Palestinian refugees living in the West Bank, the Gaza Strip, Jordan, Lebanon and Syria.

JPMorgan Q3 profit at $13.2bn

The bank’s revenues rose 22 percent to US$39.9 billion.
  • One of the biggest factors in bank’s rise in profit was the increased earnings in net interest income (NII).
  • NII is the gap between what the bank makes in interest in loans to clients compared with interest payments to customers

Thousands flee north Gaza after Israel evacuation warning

In Gaza, UN officials said the Israeli military, whose troops are massing at the border, had told them the evacuation...
  • But the United Nations described the immediate movement of some 1.1 million people -- nearly half of the 2.4 million in the Gaza Strip -- "impossible".
  • Aid agencies have warned mass evacuations would stretch support to the limit, as fuel, food and water dwindled due to an Israeli blockade.

Disasters cause crop losses worth $3.8trn over 30 years, says FAO

PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's...
  • Floods, droughts, insect infestations, storms, disease and war caused about $123 billion per year in lost food production between 1991 and 2021.
  • This loss is the equivalent of five percent of total production or enough to feed up to half a billion people per year, the FAO said in a report.

Gazans must ‘remain on their land’: Egypt’s Sisi

The Rafah border crossing between Egypt and Gaza is the only passage in and out of the coastal enclave not...
  • Egypt is committed to ensuring the delivery "of aid, both medical and humanitarian at this difficult time", Egyptian president said
  • Egypt, historically a key intermediary between Hamas and Israel, has called for donors to send humanitarian aid bound for Gaza to El Arish airport

Blinken seeks Arab pressure on Hamas as Israel readies Gaza move

Qatar, where Blinken will head immediately after Jordan, has longstanding ties with Hamas and has been seen as an intermediary...
  • Blinken will meet Jordan's King Abdullah II and Palestinian president Mahmud Abbas in Amman and will then visit Qatar, Saudi Arabia, Egypt and UAE
  • The top US diplomat spent Thursday in Tel Aviv where he promised unwavering solidarity to US ally Israel after the surprise October 7 offensive by Hamas

UN urges Israel to call off northern Gaza evacuation order

Israel's army said it has called for all Gaza City residents to evacuate their homes and head south of the...
  • Stephane Dujarric said the army's evacuation order applies to all UN staff and those sheltering in UN facilities - including schools, health centers and clinics
  • The UN agency for Palestinian refugees (UNRWA) is sheltering more than 60 percent of the 423,000 people displaced in recent days in the Gaza Strip

Landmark shift: Britain to recognize Palestinian state today

The United Kingdom has historically been a staunch supporter of Israel but has shifted position as Israel has intensified the...

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WFP says has depleted all Gaza food stocks as Israel blocks aid

After 18 months of war, the situation in Gaza "is probably the worst" now, the United Nations' humanitarian agency OCHA...

Chinese firms extend EV range with petrol generators

The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since...

Saudi Arabia normalizing ties with Israel ‘will happen’: Trump

"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...
  • The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF and World Bank's spring meetings
  • Significant amounts of Syria's infrastructure have been destroyed by 14 years of war, beginning with a crackdown by president Bashar al-Assad on a pro-democracy movement

Trump confidant Steve Witkoff leads Iran talks amid nuclear tensions, Europe urged to rejoin diplomatic efforts

Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday...
  • Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday in Rome
  • The State Department announced that Witkoff would himself attend the technical talks to take place Saturday in Oman where he held his first meeting with Araghchi on April 12

India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
  • Indian Prime Minister Narendra Modi on Thursday vowed to hunt down the gunmen responsible for killing 26 civilians at the popular tourist site of Pahalgam
  • Denying any involvement, Islamabad called attempts to link Pakistan to the Pahalgam attack "frivolous" and vowed to respond to any Indian action