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

‘Broken in two’: Libya flood survivors grapple with mental health

Last month's flood was the latest catastrophe to strike the oil-rich North African country that has been wracked by war...
  • IRC warned of the "immense psychological toll the emergency is taking on those affected, particularly in the city of Derna, one of the areas hardest-hit
  • UNICEF's partners had "reported several instances of suicides, withdrawal, lack of sleep, bed wetting... among children, especially in shelters"

Israeli forces kill 3 Palestinian fighters in West Bank

The Palestinian health ministry named the two men killed as Abdul Rahman Atta, 23, and Huthaifa Faris, 27, saying they...
  • Israel's military said the deadly gunfight in the Tulkarem area had erupted after soldiers identified a "suspicious vehicle" near Shufa village
  • Palestinian Red Crescent Society said Israeli forces "prevented our crews from treating them and took them away" from the scene at a Shufa checkpoint

US shoots down Turkish drone over Syria

US troops observed drones carrying out strikes early Thursday, some of them inside a "restricted operating zone" (ROZ) near Hasakeh,...
  • The shootdown came as Turkey targeted Kurdish forces in Syria following a suicide bombing in Ankara that was claimed by the Kurdistan Workers' Party
  • Defense Secretary Lloyd Austin spoke with his Turkish counterpart Yasar Guler on Thursday, urging "de-escalation in northern Syria

UN’s Syria envoy deplores ‘horrific’ bloodshed

"I am gravely concerned by the escalating violence in Syria today," Geir Pedersen, the UN Special Envoy for Syria, said...
  • An attack on a Syrian military academy in Homs killed more than 100 people, a war monitor said, with state media blaming "terrorist organization"
  • Separately, Turkish air raids in the Kurdish-held northeast killed at least nine people after Ankara had threatened raids in retaliation for a bomb attack

Tens of millions of children uprooted by climate disasters: UNICEF

In a sweeping report on the issue, the United Nations agency detailed the heart-wrenching stories of some of the children...
  • From 2016 to 2021, floods, storms, droughts and wildfires led to 43.1 million child displacements in 44 countries, the UNICEF report says
  • UNICEF called on world leaders to take up the issue of child displacement at the COP28 climate summit in Dubai in November and December

Inflation, war and high rates to decelerate trade in 2023, says WTO

Geneva, Switzerland - Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and...
  • The volume of world merchandise trade is now expected to grow by 0.8 percent this year, "less than half the 1.7 percent increase forecasted in April", the WTO said.
  • "The exact causes of the slowdown are not clear, but inflation, high interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements," it said.

West responsible for Ukraine war, Russia wants ‘New World’ says Putin

Moscow, Russia - President Vladimir Putin said Thursday that Russia's mission was to create a "new world" and blamed Western hegemony...
  • Putin has portrayed Russia's full-scale military intervention in Ukraine -- launched in February 2022 -- as part of a long-standing confrontation with the West
  • Putin said the conflict in Ukraine was "not a territorial" one and that Moscow has "no interests from the point of view of conquering some territories"

People marvel at ancient Iraq in new ‘Assassin’s Creed’ game

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.
  • In the game, the hooded and stealthy hero fights his way through an ancient maze of alleyways, souks and rooftops.
  • The entire scene in the game has been rendered in loving detail with what its creators say is the help of historical sources.

X removes headlines from news articles shared by users

The changes brought a good deal of criticism, journalist Tom Warren of The Verge website posting on X: "It's the...
  • Elon Musk said the change was for "aesthetic" reasons -- news and other links now appear only as pictures with no accompanying text
  • When the changes to links were first mooted in August, Musk posted: "This is coming from me directly. Will greatly improve the esthetics."

Israeli forces kill two Palestinian fighters in occupied West Bank

Tulkarem, Palestinian Territories - Israeli forces killed two Palestinian fighters in the occupied West Bank on Thursday, the Palestinian health ministry...
  • Israel's military said a gunfight had erupted after soldiers identified a "suspicious vehicle" near the area's Shufa village
  • The incident came after reports that an Israeli vehicle was shot at in the area, according to the army statement

UN Security Council votes to reimpose Iran nuclear sanctions

Britain, France and Germany are signatories to a 2015 deal known as the Joint Comprehensive Plan of Action (JCPOA) intended...

Company News

Latest News

Saudi Aramco, BYD form alliance to develop low-carbon automotive innovations amid EV growth

Saudi Aramco, the world's largest producer of oil, "is exploring a number of ways to potentially optimize transport efficiency, from...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Gold hits record, dollar drops as tariff fears dampen sentiment

With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...
  • The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
  • Stocks had a mixed start to the week, with Tokyo weighed by the stronger yen while Taipei, Jakarta and Bangkok were also in negative territory.

Davos meet founder Klaus Schwab steps down from WEF board

Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the...
  • Schwab told the WEF's board that "as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect.
  • The WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.

Pope Francis is dead at 88, world leaders pay tributes to the energetic reformer

"Today, we lost a faithful friend of the Palestinian people and their legitimate rights," Palestinian president Mahmud Abbas said, noting...
  • His death sets in motion centuries-old traditions that will culminate in the gathering of a conclave of cardinals to choose a successor.
  • In the next four to six days the Vatican's cardinals will decide on the pope's funeral date, at which point his coffin will be transferred to St Peter's Basilica.