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

Saudi Arabia and Russia extend oil cuts, Brent crude price up

The Saudi production cut of one million barrels per day which first took effect in July will continue "for another...
  • Brent crude rose above $90 per barrel on the news for the first time since November, while West Texas Intermediate, the main US futures contract, jumped 1.9 percent to $87.16.
  • Riyadh, the world's biggest crude exporter, first announced its cut after a June meeting of the 23-nation OPEC+ alliance, which also includes Russia.

Microsoft gambles big on Hollywood-esque ‘Starfield’ video game

The ever-evolving game is the tech giant's bid to lock players into its Xbox subscription service after some eye-poppingly enormous...
  • Reviews praise its epic scale, multitude of interactive stories, engrossing first-person combat and the way it conjured ersatz interactive versions of movie franchises "Star Trek".
  • Microsoft is currently trying to get a $75-billion purchase of another studio, Activision Blizzard, past regulators wary of rapid concentration in the sector.

UAE announces US$4.5bn in Africa clean energy investments

Speaking at a landmark climate summit hosted by Kenya, Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar,...
  • The minister said the investment in Africa is aimed to develop 15 GW of clean power by 2030
  • As of 2022, the continent's renewable generation capacity was 56 gigawatts, according to the IREA

Qantas CEO steps down early as airline falls out of favour

Irish-born Joyce has been in charge for close to 15 years, often delivering bumper profits for shareholders and safeguarding the...
  • 102-year-old airline has long been seen as a national champion, epitomising globetrotting Aussies' sense of adventure and embodying the "Spirit of Australia"
  • Qantas posted an annual profit of US$1.1 billion last month, capping a major financial rebound from the Covid-19 years, when Australia virtually shuttered its borders

UN ‘alarmed’ by clashes at Eritrean protests in Israel

Trouble erupted on Saturday when a demonstration against an Eritrean government event turned violent, injuring nearly 140 people, including a...
  • The clashes between police and demonstrators began outside a south Tel Aviv venue that was set to host a pro-regime event organised by the Eritrean embassy in Israel
  • Hundreds of anti-government Eritreans came to prevent the event from taking place, Israeli police ordered the street to be emptied calling the gathering an illegal demonstration

G20 per capita coal emissions growing: research

According to the research published by Ember, an energy thinktank that pushes for renewable power, per capita G20 coal emissions...
  • Countries such as Britain, Germany and the United States were able to significantly decrease per capita emissions
  • But at the same time, other countries, including G20 host India, Indonesia and China, all saw their emissions rise

UN envoy arrives in Western Sahara for talks on disputed territory

A statement said he was "looking forward to conducting visits in the region and meetings, engaging all concerned ahead of the...
  • UN said de Mistura's trip would focus on the prospects of constructively advancing the political process on Western Sahara in the course of these regional engagement
  • The Security Council called in October last year for all parties to the dispute to engage in talks to come up with a "lasting and mutually acceptable political solution"

Putin says Russia will deliver free grain to six African nations

Since pulling out of the deal, which aimed to ensure safe grain exports via the Black Sea, Russia has been...
  • Turkish President Recep Tayyip Erdogan said that Ankara was against alternative proposals to last year's Ukraine grain agreement, which Moscow scuppered in July.
  • Erdogan said that Turkey and the UN had prepared new proposals aimed at addressing Russia's problems with the deal, adding that he hoped to reach a workable solution.

UN nuclear watchdog ‘regrets’ lack of Iranian cooperation

International Atomic Energy Agency (IAEA) director general Rafael Grossi "requests Iran to work with the agency in earnest and in...
  • Tehran in March vowed to reactivate surveillance devices which were disconnected in June 2022 amid deteriorating relations with the West.
  • The IAEA said Iran's total stockpile of enriched uranium was lower than in May but still more than 18 times the limit set in a 2015 accord.

Turkish Airlines orders 10 A350 Airbus

The airline disclosed no financial details in a statement.
  • Turkish Airlines now has 14 A350-900s and 20 Boeing 787-9 Dreamliners, which is the European jet's main competitor in the long-range.
  • An A350-900 was worth 317.4 million euros ($343 million) in 2018, when the aircraft manufacturer's price catalogue was last released.

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...

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Tens of thousands march in US against Trump ‘devastation’

Opponents of the Republican president's policies -- from government staffing cuts to trade tariffs and eroding civil liberties -- rallied...

Macron to hold summit with Egyptian, Jordanian leaders as Israel pushes to seize Gaza territory

Meanwhile, a video recovered from the cellphone of an aid worker killed in Gaza alongside other rescuers shows their final...

Research on multiple sclerosis wins ‘Oscars of science’

Stephen Hauser and Alberto Ascherio were recognized for their decades researching the debilitating neurodegenerative disease, which affects nearly three million...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump’s global tariff takes effect in dramatic US trade shift

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating...
  • The trade gaps, said the White House, were driven by an "absence of reciprocity" in relationships and other policies like "exorbitant value-added taxes."
  • Come April 9, around 60 trading partners -- including the European Union, Japan and China -- are set to face even higher rates tailored to each economy

‘I don’t have a voice in my head’: Life with no inner monologue

Paris, France - Mel May only realised she was different while reading a news article one day. "Wait, what? Some...
  • The idea of not being able to have inner monologue is so new that a clinical name, anendophasia, was only proposed for it in a paper last year
  • The inner monologue has proven extremely difficult to study because it relies on people being able to describe how they think

Israel expands ground offensive in Gaza city, dozens killed as fighting engulfs Shujaiya neighborhood

Prime Minister Benjamin Netanyahu said the army was dividing Gaza and "seizing territory" to force Hamas to free the remaining...
  • Israel has pushed to seize territory in the Gaza Strip in what it said was a strategy to force militants to free hostages still in captivity
  • In Lebanon, Hamas's military wing said its commander Hassan Farhat was killed in an Israeli strike that hit "inside his apartment" in Sidon