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

Seven civilians killed in Syrian government forces shelling

Beirut, Lebanon - Shelling by government forces targeting several locations in rebel-held northwest Syria killed seven civilians including four children...
  • The Damascus regime has been bombing opposition-held areas in apparent retaliation for an attack on a military academy graduation ceremony.
  • "Seven civilians, including four children, were killed in ground bombardment by regime forces on several locations" on Saturday, a war monitor said.

Israel ‘at war’ with Palestinian fighters, after rocket attack

Hamas militants fired barrages of rockets at Israel from multiple locations across the Palestinian territory, according to the accounts of...
  • Hundreds of residents fled their homes in eastern Gaza to move away from the border with Israel.
  • Hamas appealed to fighters in the West Bank and "our Arab and Islamic nations" to join the battle.

Iran denounces ‘political’ Nobel Peace Prize

Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the...
  • The spokesperson said the prize was a "deviation from its initial objectives"
  • Nobel committee chairwoman hailed Mohammadi for her "brave struggle"

Global tributes pour in for Nobel Prize winner jailed Iranian activist

Human rights office spokeswoman Elizabeth Throssell said at a press briefing that the Nobel award for Mohammadi "highlights the courage...
  • France's President Emmanuel Macron paid tribute Friday to the bravery of imprisoned Iranian activist Narges Mohammadi
  • The son and husband of imprisoned Iranian women's activist also paid tribute to the winner

‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die

Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab...
  • Emirati authorities announced they had opened an "investigation into the incident of abandoned cats" in the Abu Dhabi desert.
  • All "administrative and legal measures" would be used against the perpetrators of this "inhumane" act, the authorities said.

El Nino forced sugar price to hit 13-year high in September, says FAO

Paris, France - Global sugar prices soared to their highest level in almost 13 years in September as the El Nino...
  • While world food prices steadied as a whole last month, the FAO's Sugar Price Index jumped by 9.8 percent compared to August.
  • El Nino, a climate pattern, is typically associated with warming ocean surface temperatures in the central and eastern tropical Pacific Ocean.

Russia to discuss revoking Comprehensive Nuclear Test Ban Treaty

Moscow, Russia - Russia will soon discuss revoking the ratification of the Comprehensive Nuclear Test Ban Treaty, the speaker of the...
  • Russian official Vyacheslav Volodin made the announcement a day after President Vladimir Putin evoked the possibility of such a move.
  • "This is in line with the national interests of our state. And it will be a mirror response to the United States which has not yet ratified the treaty," he said.

Drought caused major global hydropower drop in early 2023

BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023,...
  • Wind and solar generation grew more slowly in the first half of this year than in the same period last year.
  • The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.

Luxembourg, EU’s richest country, grapples with housing crisis

Luxembourg, Luxembourg -- Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying...
  • In the capital city, new-build flats sell for around $1,300 per square foot and older ones go for 10,700 euros. The average cost of a house is 1.5 million.
  • Housing crisis has become the number one concern in the Grand Duchy of 660,000 people -- smaller than Rhode Island, the smallest US state -- as it goes to the polls on Sunday.

Jailed Iranian activist Narges Mohammadi wins Nobel Peace Prize

Mohammadi's award comes after a wave of protests that swept Iran after the death in custody a year ago of...
  • She is the vice-president of the Defenders of Human Rights Centre founded by Iranian human rights lawyer Shirin Ebadi, herself a Nobel Peace Prize laureate in 2003.
  • Mohammadi was honored "for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all".

Top music body says AI firms guilty of ‘willful’ copyright theft

Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...

Company News

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Boeing to sell some assets to Thoma Bravo

The $10.55 bn sale includes portions of digital aviation solutions business.

Trump tariffs have increased financial stability risks: IMF report

The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the...

As world mourns, cardinals meeting to decide the date for Pope Francis’s funeral

Vatican City, Holy See - Cardinals will meet Tuesday to decide the date for Pope Francis's funeral, starting a process...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel security chief accuses PM of demanding personal loyalty

Israel's internal security chief, whom the government is trying to sack, accused Prime Minister Benjamin Netanyahu Monday of demanding personal...
  • Ronen Bar's accusations, in a sworn statement to the Supreme Court, are the latest twist in a legal and political saga pitting him against Netanyahu
  • Bar's dismissal, announced by the government last month but frozen by the court, triggered mass protests

US envoy to Israel urges Hamas to sign deal so aid can enter Gaza

The new US ambassador to Israel on Monday called on Palestinian militant group Hamas to accept a deal that would...
  • Huckabee's message comes after Hamas on Thursday signalled its rejection of Israel's latest truce proposal, which proposed a hostage-prisoner swap and the entry of aid
  • The militants' chief negotiator said the group rejected any "partial" agreements and sought a comprehensive deal including "halting the war" and an Israeli withdrawal from Gaza

DHL to stop global shipments worth over $800 to US consumers

Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from...
  • President Trump has launched a wide-ranging trade war, threatening friend and foe alike with steep tariffs to address US trade deficits with individual countries.
  • As part of those changes, the government has also lowered the threshold at which parcels to individuals require formal entry processing by US Customs -- down to $800 from $2,500.