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

Renewed Saudi interest in Salah ‘doesn’t worry’ Liverpool boss Klopp

London, United Kingdom - Liverpool boss Jurgen Klopp insists he is not worried about the potential for renewed Saudi Arabian interest...
  • Salah was reportedly the subject of a £150 million ($185 million) bid from Saudi Pro League side Al-Ittihad before the Premier League transfer deadline.
  • Liverpool rejected the offer but Saudi Pro League director of football Michael Emenalo has claimed the door is not closed on a future move for Salah.

Apple to update iPhone 12 in France over radiation 

Both the firm and France's digital minister Jean-Noel Barrot insisted on Friday there was no danger to public health from...
  • France had ordered a halt to sales of the device on Tuesday after finding that the model emitted more electromagnetic waves than permitted
  • "Apple has assured me that it will implement an update for the iPhone 12 in the next few days," said digital minister Jean-Noel Barrot in a statement

Saudi hosts Yemen’s Iran-backed rebels for talks on ending war

Houthis headed for Riyadh on an Omani plane, days after Saudi de facto ruler Crown Prince Mohammed bin Salman met...
  • Senior Houthi figures took off from Yemen's capital Sanaa for their first public visit to oil-rich Saudi since Riyadh began spearheading a military intervention
  • The official Saudi Press Agency said Riyadh "invited a delegation from Sanaa to visit the kingdom" to complete talks held in the Yemeni capital earlier this year

Turkey casts doubt on need for new Russian gas hub

Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with...
  • Turkish Energy Minister Alparslan Bayraktar told a group of reporters on Thursday that Turkey already had a well-functioning gas trading platform
  • Russia currently ships gas to Turkey via two pipelines running under the Black Sea and Turkey sends some of that gas onto southeastern European countries

US approves most Egypt aid despite rights alarm

Egypt is one of the largest recipients of US military aid, dating to its historic normalization of relations with Israel...
  • The $1.215 billion package marks the third straight year that US government has waived some restrictions imposed by Congress on aid to Egypt
  • "This decision reflects that Egypt is making a specific and ongoing contribution to US national security priorities," a State Department official said

Sudan refugees bring off-season tourism to Egypt’s Aswan

Around 310,000 people have crossed from Sudan into Egypt since war broke out on April 15 between the forces of...
  • "Since our Sudanese brothers came from the war, work has started to get better and there's been more work in tourism,"a boat captain said
  • Egypt is currently going through its worst-ever economic crisis, which has devastated purchasing power across the country

Immunologist wins ‘Breakthrough Prize’ for cancer treatment

The Breakthrough Prize awards "the world's most brilliant minds" in fields including life sciences, fundamental physics and mathematics
  • The French and Canadian scientist was announced as a winner of the prestigious Breakthrough Prize for his pioneering work in CAR T-cell therapy.
  • The Breakthrough Prize awards "the world's most brilliant minds" in fields including life sciences, fundamental physics and mathematics.

Maersk introduces world’s first bio-methanol container ship

Copenhagen, Denmark - Danish shipping giant Maersk on Thursday launched the world's first container ship running on bio-methanol, a key step...
  • European Commission head Ursula von der Leyen christened the Laura at an inauguration ceremony in Copenhagen's harbor.
  • The Laura will help reduce its CO2 emissions by 100 tons a day, compared to the same vessel running on fuel oil, Maersk said.

Palestinian fighters in Lebanon camp agree on truce

SIDON, LEBANON - Palestinian fighters agreed a new ceasefire on Thursday after more than a week of deadly violence in Lebanon's...
  • At least 17 people have been killed and around 100 wounded in the fighting in Ain al-Helweh refugee camp, on the outskirts of Sidon, Lebanon.
  • Previous ceasefires had collapsed when the warring parties failed to honour commitments to hand over fighters wanted by the other side.

Tunisia bars entry to European Parliament delegation of five MEPs

"We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five...
  • Legislators from the parliament's foreign affairs committee were due to head to the North African country on Thursday on a fact-finding mission.
  • However, Tunisia's foreign ministry said on Thursday that the lawmakers would not be allowed entry due to "multiple reservations" about the visit.

US says ‘framework’ deal with China on TikTok ownership

Donald Trump said -- without directly naming the social media giant -- that a deal was reached with a "certain...

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EU to probe use of personal data by X’s AI chatbot

Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal...

Trump – oldest elected US president – undergoes physical

Washington, United States - Donald Trump had his first annual medical checkup Friday since returning to power, putting focus on...

Diplomatic flashpoint: US-Iran nuclear talks amid sanctions, military warnings and mutual suspicion

Iran seeks a "real and fair" agreement with Washington on its nuclear programme, a senior aide to supreme leader Ayatollah...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza rescuers say family of 10 killed in Israel strike

A UN rights office report also warned that expanding Israeli evacuation orders were resulting in the "forcible transfer" of people...
  • Ten people, including seven children, were killed in an Israeli air strike that targeted the Farra family home in central Khan Yunis, Gaza civil defense officials said.
  • Turkish President Recep Tayyip Erdogan denounced Israel, saying: "If this is not barbarism, I ask you, what is it?"

Why investors rush to gold in uncertain economic times?

London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
  • On Friday it struck an all-time high of $3227.51 an ounce in trading, handing the commodity a gain of more than 20 percent since the start of the year.
  • In 2024, global central banks together added more than 1,000 tons of gold to their reserves for the third year running, according to the World Gold Council.

UN shipping body approves first global carbon pricing system

From 2028, all ships will be required to use a less carbon-intensive fuel mix, or face financial penalties -- but...
  • Those who do not meet the guidelines will have to pay annually for every ton of greenhouse gas emissions that exceeds the targets set.
  • A majority of members, 63 states, voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.