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

UN rights chief urges international probe into Beirut port blast

"Climate change is pushing millions of people into famine. It is destroying hopes, opportunities, homes and lives. In recent months,...
  • Turk was speaking after the G20 at the weekend failed to commit to a phase-out of fossil fuels, something he said was desperately needed.
  • He decried decrying a total lack of accountability for the 2020 Beirut blast that killed more than 220 people, urging "an international fact-finding mission" into it.

Brazil’s president walks back comments on Putin’s safety at Rio G20

New Delhi, India--Brazil's leader withdrew on Monday his personal assurance that Russia President Vladimir Putin would not be arrested if...
  • The president told an Indian media outlet that if he is the president then there was no way Putin will be arrested in Brazil
  • The ICC in March said it had issued an arrest warrant for Putin over the war crime accusation of deporting Ukrainian children

BMW to make ‘multi-million’ pound investment in UK plants: govt

The first generation of the iconic British vehicle's electric model was launched at the Oxford plant in 2019, but last...
  • The money will be used to "transform" BMW's plant in Oxford, southern England, "securing 4,000 high-quality jobs", UK government said
  • BMW's investment is another shining example of how the UK is the best place to build cars of the future," said Prime Minister Rishi Sunak

Air raid kills 46 in one of Sudan war’s worst attacks: activists

The number of victims in Sunday's "Qouro market massacre" had risen to 46 by evening, said the local resistance committee,...
  • The bombing in south of Sudan's capital came about a week after another air strike killed 20 civilians
  • The Bashair hospital issued an "urgent appeal" for all medical professionals to come and help treat the injured

Situation in Morocco in the aftermath of quake

PARIS, FRANCE - Rescuers in Morocco were scrambling on Sunday to reach people trapped under the rubble after a powerful earthquake...
  • The worst destruction took place in the remote villages of the High Atlas, in the provinces of Al-Haouz and Taroudant.
  • Work in on to get teams with heavy-lifting equipment into the worst-hit areas including hard-to-reach mountain villages.

Inflation in Egypt hits record high of nearly 40 percent, says government

Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it...
  • Food and drink prices in Egypt alone registered a 71.9 percent increase compared to August 2022, state statistics agency CAPMAS said.
  • Even before the current crisis, 30 percent of Egyptians were living below the poverty line, according to the World Bank.

G20 summit ends with India, Brazil and Russia boasting success

G20 leaders have been deeply riven over the Ukraine war since Moscow's invasion last year, with Russian President Vladimir Putin...
  • Facing a diplomatic embarrassment, India pressed members to agree a common statement that denounced the use of force for territorial gains but didn't criticize Russia directly.
  • Kyiv said the G20 had "nothing to be proud of" but Russian Foreign Minister Sergei Lavrov, who stood in for Putin at the meeting, claimed a diplomatic victory.

Oil permits and wind crisis threaten UK net zero pledge

More bad news for the wind energy sector, which is at the heart of the UK's plan to become a...
  • Greenpeace called the failed auction the "biggest disaster for clean energy in almost a decade", putting the net zero target "in jeopardy"
  • Mads Nipper, boss of Orsted warned that "offshore wind ambitions will only happen with sane auction frameworks and realistic prices"

No arrest risk for Putin at Brazil G20: Lula

Russian president Vladimir Putin has skipped recent international gatherings and sent his Foreign Minister Sergei Lavrov to New Delhi instead....
  • Putin skipped this year's gathering in New Delhi, avoiding possible political opprobrium
  • On Saturday, the G20 nations adopted a declaration that avoided condemning Moscow for Ukraine war

Secret talks, lasting failures: key Israeli-Palestinian peace bids

US president Ronald Reagan's administration opens dialogue with the Palestine Liberation Organization (PLO) in 1988 after its exiled leader Yasser...
  • The Oslo Accord, stating that both sides will "strive to live in peaceful coexistence", is sealed on September 13, 1993 with a historic handshake between Arafat and Israel's PM
  • In March 2002, Arab states led by Saudi Arabia propose diplomatic relations with Israel in exchange for its withdrawal from all territories occupied since the Six-Day War of 1967

Spain PM ‘proud’ of pro-Palestinian protests at Vuelta

Spanish Prime Minister Pedro Sanchez on Sunday said pro-Palestinian protests that have rocked the Vuelta a Espana filled him with...

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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...

China retaliates with 84 percent tariffs on US products

Beijing, China -- China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said...

Saudi foreign minister in US to prepare for Trump visit

Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas official says ‘necessary to reach a ceasefire’ in Gaza

A Hamas official told AFP on Tuesday that it was "necessary to reach a ceasefire" in the Gaza Strip, three...
  • "This war cannot continue indefinitely, and it is therefore necessary to reach a ceasefire," Hossam Badran, a member of Hamas's political bureau, told AFP
  • US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu a day earlier said that new negotiations were in the works aimed at getting more hostages freed

Trump’s new tariffs take effect, with 104% on Chinese goods

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies...
  • China is the hardest hit, with tariffs imposed on its products since Trump returned to the White House now reaching a staggering 104%
  • Trump said Tuesday his government was working on "tailored deals" with trading partners, prioritizing allies like Japan and South Korea

Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill

Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...
  • Foreign Minister Abbas Araghchi said Iran's principal aim remained the lifting of sweeping US sanctions
  • Their reimposition by President Donald Trump in 2018 has dealt a heavy blow to the Iranian economy