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

Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad,...
  • Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to Liverpool by Al-Ittihad.
  • His agent had publicly ruled out a switch to Saudi during the close-season amid a host of Premier League stars opting to accept lucrative offers from the Gulf State.

Grain deal in focus as Putin, Erdogan all set to meet

MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
  • Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea.
  • Turkey's foreign minister Hakan Fidan said on a visit to Moscow on Thursday that reviving the deal to ship Ukrainian grain across the Black Sea was "critical" for food security.

Markets mostly rise ahead of crucial United States jobs report

Wall Street's three main indexes ended a volatile August on a tepid note Thursday after data showed the Fed's preferred...
  • The labor report comes at the end of a week that has seen traders cheered by figures indicating the world's top economy is showing signs of softening.
  • Dealers also cheered the latest measures to help the property sector, which allow cities to cut down-payments for home buyers.

Moon crater spotted by NASA likely caused by Russian probe crash

Washington, United States - NASA has spotted a small new crater on the Moon that was likely caused by a Russian...
  • The finding was made by the Lunar Reconnaissance Orbiter (LRO) by comparing before and after images of the estimated impact point.
  • The new crater is about 10 meters (32 feet) in diameter, some 400 kilometers (250 miles) short of Luna-25's intended landing point.

Iraq jails Iranian, 4 Iraqis for life for killing US citizen

No Iraqi officials or security sources have been able to tell AFP why the killing of Stephen Troell took place...
  • Stephen Troell, who had been living in Baghdad with his family, was shot dead in unclear circumstances on November 7, officials said
  • The five men had "confessed" to the murder and said that their intention had been to kidnap Troell for ransom, not to kill him, the source said

China, US lift wind turbine sales: study

The study credited President Joe Biden's Inflation Reduction Act in the United States, which is designed to underpin a vast energy...
  • Between January and June turbine orders for capacity reached 69.5 gigawatts, a 12 percent rise over in the first six months of 2022, according to research firm Wood Mackenzie
  • Total first half volume by value came in at $40.5 billion with a 47 percent rise in Chinese demand one of the key factors behind the push, the report said

Istanbul dams run low after scorching, dry summer

The bank of screens in Ismail Aydin's Istanbul water management system control room flashes a worrying number: 29.7 percent. That...
  • Turkey as a whole experienced the hottest July on record and broke the 50-degree Celsius (122-degrees Fahrenheit) mark for the first time in modern history on August 14
  • The city could ship in extra supplies of water by sea or road should the dams run completely dry -- although no specific plans have been laid yet for that gloomy possibility

Sudan refugees stranded without healthcare in Chad

The new arrivals in Adre may now be safe from the gunfire, but they soon learn they are still in...
  • The risk of disease soars in the absence of clean water, for which people "begin lining up ... at 2:00 am" amid shortages in some camps, MSF reported
  • In Sudan, even before the current conflict began in April, 78,000 children under five died every year "from preventable causes, such as malaria", UN says

UN renews Lebanon peacekeeping mission after dispute

UN Secretary-General Antonio Guterres has criticized UNIFIL's inability to fully access certain areas, including sites belonging to a Lebanese environmental...
  • The vote, which was originally scheduled for Wednesday but postponed for further negotiations, came only a few hours before the mission's authorization was set to expire
  • The United Nations Interim Force in Lebanon (UNIFIL), in place since 1978, is tasked with creating a buffer between Israel and Lebanon, which are technically at war

Abu Dhabi to unveil one of world’s biggest airport terminal

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...
  • Terminal A in the Abu Dhabi airport will be able to accommodate 11,000 travelers per hour and 79 aircraft at a time.
  • The new facility, also known as Midfield Terminal Building, "is scheduled to begin operations in early November 2023", local media said.

Arab, Muslim leaders to meet in Qatar to denounce Israeli attack

Qatar said Saturday it will host a summit of Arab and Muslim leaders to denounce Israel's attack on Hamas officials...

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Pausing production, raising prices: Automakers shift gears after Trump tariffs

Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President...

Stocks, oil slump as China retaliates and Trump digs in heels

Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at...

First footage of James Cameron directed ‘Avatar: Fire and Ash’ revealed

Las Vegas, United States - Evil Na'vi. Giant volcanoes. Airborne boats. The first-ever footage from "Avatar: Fire and Ash," the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Macron, on Egypt visit, to go near Gaza to show support for ceasefire

French President Emmanuel Macron will go to an Egyptian port near the Gaza Strip next week to highlight concerns over...
  • Macron will go to Arish, 50 kilometres (30 miles) from Gaza, next Tuesday during a visit to Egypt, officials said
  • Macron is to go to Egypt on Sunday and on Monday will meet the country's President Abdel Fattah al-Sisi

Trump’s tariffs on allies, China could shrink global merchandise trade volumes 1% in 2025, warns WTO

After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures...
  • Trump slapped 10 percent import duties on all nations and far higher levies on imports from dozens of specific countries including China
  • Trump's tariffs come just over a year and a half before US midterm elections, in which the party of the US president is often hammered on the economy

Hungary announces ICC withdrawal as Israel’s Netanyahu visits

Budapest, Hungary -- Hungary on Thursday said it will quit the International Criminal Court, just as its Prime Minister Viktor...
  • Set up in 2002, the ICC, based in The Hague, seeks to prosecute individuals responsible for the world's gravest crimes when countries are unwilling or unable to do so themselves.
  • The Palestinian Authority (PA) urged Hungary to "comply with the International Criminal Court's arrest warrant by immediately handing Netanyahu over to bring him to justice.