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

WTO says era of de-globalization is closer than it appears

Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are...
  • After this phase of slowing globalization, the question is "whether we are moving towards a phase of deglobalization", said WTO official Ralph Ossa.
  • "We're quite far away from deglobalizing, but at the same time, you start seeing... the first cracks in the system," the WTO official said.

US govt face Google in landmark antitrust lawsuit

Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine...
  • "This case is about the future of the internet and whether Google will ever face meaningful competition in search," said Justice Department lawyer Kenneth Dintzer
  • The US government launched its case against Google during the Trump administration and the suit carried over in the transition to President Joe Biden

Iraq asks Sweden to extradite accused in Quran burning incident

STOCKHOLM, SWEDEN - Baghdad has asked Sweden to extradite Iraqi refugee Salwan Momika, who stoked international outrage by desecrating the Quran,...
  • The Swedish government has condemned the desecrations of the Quran but upheld the country's laws regarding freedom of speech and assembly.
  • The accused in the Quran burning incident said that Iraq was seeking his extradition to try him according to Islamic law.

A third of the global population still without internet: UN study

Around 100 million more people are able to access the internet since last year's census by the International Telecommunication Union...
  • That means 67 percent of the world's population, or 5.4 billion people, are now online. However, the other 2.6 billion people are still without access.
  • With the developed world already online, the biggest growth areas for connectivity are in low-income countries.

IEA forecasts energy demand to reach record high this decade

The IEA's annual World Energy Outlook, due out next month, will show that "the world is on the cusp of...
  • The shift will have implications for the battle against climate change as it will bring forward the peak in greenhouse gas emissions, IEA executive director Fatih Birol said.
  • "This is the first time that a peak in demand is visible for each fuel this decade," he wrote in FT, adding that this was happening sooner than anticipated.

WFP warns fund cuts could push 24m people to brink of starvation

Geneva, Switzerland - The World Food Program said Tuesday that shrinking funding was forcing it to drastically slash rations in many...
  • WFP said it had been struggling to meet growing global needs for food assistance while facing a funding shortfall of over 60 percent this year.
  • WFP estimates that 345 million people worldwide are facing acute food insecurity, at level three or higher on the UN's five-scale food insecurity classification.

Building less, repurposing more key to low construction sector emissions

The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
  • Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
  • Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.

Red Cross seeks over $100m aid for quake-hit Morocco

GENEVA, SWITZERLAND - The Red Cross appealed on Tuesday for more than $100 million to provide desperately needed assistance in Morocco,...
  • The Red Cross said the funds were needed for "health, water, sanitation and hygiene, shelter relief items and basic needs".
  • Search and rescue teams from Morocco and abroad continued to dig through the rubble of homes, hoping for signs of life.

Oslo Accords promise turned into ‘destroyed dreams’ in Gaza

Oslo Accords were meant to lead to a free Palestine, but years of stalled negotiations and violence have left any...
  • Unemployment is rife with about 70 percent of young people without a job in Gaza, where residents regularly suffer power cuts and inadequate access to clean water
  • Daily struggles in the impoverished territory have been exacerbated by a crippling Israeli-led blockade since Hamas Islamists took control in 2007, two years after Israel withdrew

Israel top court hears petitions against divisive judicial reform

Jerusalem, Undefined - Israel's Supreme Court convened Tuesday to hear petitions to strike down a key plank of the hard-right government's...
  • A full 15-judge panel of the top court began hearing pleas against the amendment of the so-called "reasonableness clause"
  • The amendment limits the powers of the top court to review and sometimes overturn government decisions

Turkey court tries case that could oust opposition leadership

Tens of thousands of people protested in Ankara ahead of a key court hearing Monday targeting Turkey's main CHP opposition...

Company News

Latest News

Bridges in the Gulf: wealthy states mediate crisis after crisis

Dubai, United Arab Emirates - When US and Iranian negotiators meet in Oman on Saturday they will be just the...

Trump warns of military option; Iran threatens to end UN nuclear inspections before Oman talks

Last month, Trump sent a letter to Khamenei, who has the final say in matters of state in Iran, calling...

European Union and UAE agree to launch trade deal negotiations

Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkey opposition to fight Erdogan ‘until the end’: leader tells AFP

The Turkish opposition will fight "until the end" against President Recep Tayyip Erdogan, the leader of the opposition CHP party...
  • Republican People's Party (CHP) leader Ozgur Ozel demanded snap polls that would show the "biggest no confidence vote in history" against Erdogan
  • Imamoglu's arrest sparked the biggest opposition protests to grip Turkey since 2013 although the rallies have dipped in intensity over the past 10 days

US reiterates support for Morocco on Western Sahara

Secretary of State Marco Rubio on Tuesday renewed US support for Morocco's sovereignty and political plan for Western Sahara, a...
  • Trump, during his first term in office, in 2020 recognized Morocco's claim to the vast desert territory after the kingdom normalized relations with Israel
  • Morocco mostly controls the former Spanish colony but has been challenged for decades by the Algeria-backed Polisario Front

Israel seizes Gaza territory as Macron signals imminent French recognition of Palestinian statehood

French President Emmanuel Macron meanwhile said that France plans to recognise a Palestinian state in the "coming months", a move...
  • Israel's Defence Minister Katz said that "large areas are being seized and added to Israel's security zones, leaving Gaza smaller and more isolated."
  • Katz emphasised that Israel would keep increasing pressure on Gaza "until the hostages are freed and Hamas is defeated."