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

Rubio to begin Israel visit in aftermath of Qatar strike

Jerusalem, Undefined -- Top US diplomat Marco Rubio begins a visit to Israel on Sunday, after expressing the Trump administration's...

Sudan’s rival forces accused of torture as war rages on

The army and the RSF have denied any ill-treatment of those they have captured, stating repeatedly that their troops act...
  • Former detainees from centers run by both sides reported "threats of rape", "repeated rape", and "one inmate being killed for resisting"
  • On September 2, three doctors were kidnapped by the RSF while on their way to volunteer in eastern Khartoum, according to a local resistance committee

Israelis protest ahead of court hearing on legal reforms

Ever since Prime Minister Benjamin Netanyahu's coalition government unveiled its proposals in January, tens of thousands of Israelis have demonstrated...
  • The latest demonstration comes ahead of a Tuesday hearing in the Supreme Court on annulling parliament's July vote
  • The July 24 amendment to "reasonableness clause" states that the courts cannot hear cases or issue orders against elected officials

Clashes break out in Lebanon Palestinian camp, killing four

Sidon, Lebanon--Three fighters and a civilian were killed Saturday in clashes at a south Lebanon Palestinian camp, official media reported, as...
  • Clashes erupted on late Thursday in a refugee camp on the outskirts of Sidon, weeks after fighting raged between different factions of Palestinian militants
  • The clashes in the camp on Saturday killed "two people from Fatah" and an Islamist, while "a civilian was killed by a stray bullet" outside the camp

Three dead as violent clashes renew in Lebanese Palestinian camp

Sidon, Lebanon - Two fighters and a civilian were killed on Saturday in clashes at a south Lebanon Palestinian camp, official...
  • The Lebanese army, which by long-standing convention does not enter the camps, called on "all relevant parties in the camp to stop the fighting".
  • It said it was taking the "necessary measures and making the required contacts to stop the clashes, which endanger the lives of innocent" people.

Airspace open for aid flights to quake-hit Morocco, says Algeria

ALGIERS, ALGERIA - Algeria will allow aircraft carrying humanitarian aid to quake-hit Morocco to pass through its airspace, the president's office...
  • Algerian authorities "have decided to open the airspace to flights transporting humanitarian aid and injured" from the quake.
  • Algeria closed its airspace to all Moroccan aircraft in September, 2021 after having cut diplomatic ties with its longtime foe.

Six arrested in Iran over planned rioting on Amini death anniversary

Tehran, Iran - Authorities in Iran's southwest have arrested six people accused of "organizing riots" on the first anniversary of Mahsa...
  • Amini, an Iranian Kurd, died on September 16, 2022, after her arrest in Tehran for alleged breach of the Islamic republic's strict dress rules for women
  • Islamic Revolutionary Guard Corps in Kohgiluyeh and Boyerahmad province suspended five social media pages and arrested the six individuals behind them

Countries must cooperate to battle sandstorm threat, say UN, Iran

Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe...
  • According to meteorologists, sand and dust storms are expected to increase in countries most vulnerable to climate change.
  • Iran, co-organizer of the two-day gathering, is one country where such storms are increasingly numerous.

Deadliest quake in decades kills over 1,000 in Morocco; rescue bid is on

Following the devastating earthquake in Morocco on Saturday that killed more than 1,000 people so far, the UAE, Iran, Iraq,...
  • Tremors felt in major cities including Rabat, Casablanca, and Essaouira, say reports
  • International leaders, including UAE President, extend condolences and offer aid.

G20 adopts Leader’s Summit declaration, says Indian PM Modi

NEW DELHI, INDIA- Indian prime minister and G20 host Narendra Modi said on Saturday the body had reached consensus on...
  • "Because of our team's hard work, and with your support, there is a consensus on the New Delhi G20 Leaders' Summit declaration," the Indian Prime Minister said.
  • Finding consensus among members has been increasingly difficult in recent years, with key G20 members deeply divided over Russia's war in Ukraine.

Putin calls for closer ties with North Korea ‘on all fronts’: Kremlin 

Moscow, Russia-- Russian President Vladimir Putin congratulated North Korean leader Kim Jong Un on Saturday on the 75 anniversary of the...
  • In a message to Kim, Putin said through joint efforts "we will continue to strengthen bilateral ties on all fronts"
  • He affirmed that relations between the two countries were based on the principles of friendship and mutual respect

Qatar PM Al Thani urges world to ‘stop using double standards’ and punish Israel

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani urged the international community on Sunday to "stop using double standards"...

Company News

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World Bank approves $1.1 bn in financing for Jordan

The World Bank announced Tuesday it will provide Jordan with $1.1 billion in new financing to support economic reforms and...

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...

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

Most Read

After Instagram restrictions, Meta to introduce teen accounts for Facebook

Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...
  • The accounts were brought in for 13- to 15-year-old Instagram users last September as part of moves to shield underage internet users from online harms.
  • Teens are immediately placed in such accounts, with those under 16 unable to change settings without parental permission.

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.
  • At the current Borouge share price, this would give investors a 40 percent minimum cumulative dividend return from 2025 to 2030, the highest in the UAE.
  • The AGM also approved a share buyback of up to 2.5 percent of outstanding shares via open-market transactions, subject to market conditions and regulatory approvals.

Yemen rebels say targeted Israel army site, US warships in Red sea: statement

Yemen's Huthis said they targeted a military site in Israel and attacked two US destroyers in the Red Sea Monday,...
  • The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)
  • The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea