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

Canada seeks India cooperation in murder probe

Speaking on the sidelines of the UN General Assembly in New York, Canadian PM Justin Trudeau called on the Indian...
  • On Monday, he said Indian agents played a role in the June murder of Hardeep Singh Nijjar, a Canadian citizen
  • Indian forcefully denied any role in the killing of Nijjar, terming the accusation as "absurd"

Abbas to UN: No Mideast peace without Palestinians’ rights

Palestinian leader Mahmud Abbas's address came a day after Netanyahu discussed Saudi normalization in a meeting with US President Joe...
  • The veteran leader made a new appeal for negotiations and for UN Secretary General Antonio Guterres to call an international conference on creating a Palestinian state
  • An Israeli diplomat walked out of the General Assembly as Abbas denounced the "impunity" for Israel over its "apartheid" policies, a characterization that infuriates Israel

Man shoots multiple times in Lebanon’s US embassy, no casualty

Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on...
  • "At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the entrance to the US Embassy," said embassy spokesman Jake Nelson
  • Lebanese forces have cordoned off the area of the highly-secured embassy complex in the northern Beirut suburb of Awkar, a security official told AFP.

Devastating Libya floods displace more than 43,000 people

"An estimated 43,059 individuals have been displaced by the floods in northeastern Libya," the IOM said, adding that a "lack...
  • A tsunami-sized flash flood broke through two ageing river dams upstream from the city after heavy rains lashed the area on September 10.
  • Earlier this week, the United Nations warned that disease outbreaks could bring "a second devastating crisis" to the flood-hit areas.

King Charles urges joint French-English effort on climate change

"Just as we stand together against military aggression, so must we strive together to protect the world from our most...
  • He suggested that France and Britain should team up to tackle the climate and biodiversity emergencies with a new version of the 1904 Entente Cordiale pact
  • Charles' latest call on the environment came a day after Britain's PM Rishi Sunak softened green policies aimed at achieving net zero carbon emissions by mid century

Houthis display military strength two days after Saudi talk

Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group,...
  • The northern fighters took Sanaa in September 2014 and threatened to overrun the country, prompting a Saudi-led international military intervention from March 2015.
  • The war has left hundreds of thousands dead, through direct and indirect causes, and displaced millions of people in what the UN calls one of the world's worst humanitarian crises.

First Ukraine grain ship since Russian blockade reaches Istanbul

Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tons of wheat when it left Ukraine's Chornomorsk port...
  • Ukraine is testing a new sea route that avoids international waters and follows those controlled by NATO members Bulgaria and Romania.
  • It had earlier successfully sent several cargo ships along that route that were not carrying Ukrainian grain.

US commander ‘concerned’ over Iran-Russia drone tech sharing

Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may...
  • Tehran and Moscow have both provided economic, political and military support to Syria, helping Damascus claw back most of the territory it had lost in the early stages of the war
  • US commander also assured oil-rich Gulf allies Saudi Arabia and the United Arab Emirates that Washington was committed to their security despite the lack of a formal treaty

End of era as Toshiba completes $13.5 bn offer to go private

Pressure from activist shareholders and a takeover offer from private equity group CVC prompted aborted attempts to split the company...
  • Remaining shareholders will be "squeezed out" after the $13.5-billion tender offer and Toshiba shares will be delisted after more than 70 years on the stock market, Toshiba said
  • Toshiba traces its roots back to 1875 and evolved into a vast conglomerate in the 20th century synonymous with Japan's postwar economic revival and its technological innovation

Syria’s Bashar Al-Assad visits China seeking funds

China becomes one of only a handful of countries outside the Middle East that Assad has visited since the 2011...
  • The Syrian President arrived Thursday in the eastern city of Hangzhou, where he will attend the opening ceremony of the Asian Games on Saturday
  • Asad's Air China plane was greeted on the tarmac by jubilant music and rows of performers wearing colourful costumes, as Chinese and Syrian flags flapped in the sky

Trump sues NYT for $15 billion in latest attack on media

Washington, United States -- Donald Trump filed a $15 billion defamation lawsuit against The New York Times on Monday, adding...

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Trade war to cut global oil demand: International Energy Agency

Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...

Syria, Lebanon leaders in Qatar for first official visits

Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...

Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

Beirut, Lebanon - The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump envoy says Putin open to ‘permanent peace’ deal with Ukraine

US President Donald Trump's special envoy said Monday that Russian leader Vladimir Putin was open to a "permanent peace" deal...
  • Trump has been pressing Moscow and Kyiv to agree to a ceasefire but has failed to extract any major concessions from the Kremlin
  • Despite a flurry of diplomacy, there has been little meaningful progress on Trump's main aim of achieving a Ukraine ceasefire

Israel offers 45-day ceasefire if Hamas releases half of remaining Gaza hostages

Hamas has informed the mediators that it is willing to agree to any proposal that includes a permanent ceasefire, a...
  • A Hamas official told AFP that Israel had also demanded that the Palestinian militants disarm to secure an end to the Gaza war but that this crossed a "red line".
  • "The proposal includes the disarmament of Hamas and all Palestinian armed factions in the Gaza Strip as a condition for a permanent end to the war," the official added

Qatar plans direct investments worth $7.5 billion in Egypt

"The two sides emphasized the importance of strengthening economic cooperation... they agreed to work toward a package of direct Qatari...
  • Egypt, the Arab world's most populous nation, has taken tentative steps to emerge from its worst-ever economic crisis with prices for consumer goods rising by the day.
  • The two countries, which have also led mediation efforts for a ceasefire in Gaza, "emphasized the centrality of the Palestinian cause as the foremost Arab issue".