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

Anwaar-ul-Haq Kakar sworn in Pakistan caretaker Prime Minister

Kakar's first task will be to choose a cabinet to run the country as it heads into an election period...
  • But data from the latest census was finally published earlier this month, and the outgoing government said the election commission needed time to redraw constituency boundaries.
  • Pakistan has been in political turmoil since Khan was dismissed as premier by a no-confidence vote in April 2022, culminating in him being jailed for three years.

‘Barbie’ retains top spot at N.American box office for fourth week

Los Angeles, United States - Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates...
  • Industry watcher Exhibitor Relations estimated this weekend's haul for "Barbie" at $33.7 million, bringing its domestic total to $526 million.
  • Starring Margot Robbie as the iconic doll and Ryan Gosling as boyfriend Ken, "Barbie" has earned a whopping $1.2 billion worldwide.

Iraq drought claims popular lakeside resort

Shorelines at Habbaniyah, about 70 kilometres west of Baghdad, have receded by several dozen meters after years of drought ravaged...
  • Shops and holiday homes by the lake now sit empty in the height of summer. On the beach, stray dogs wander between unused umbrellas
  • Sada'a Saleh Mohamed, a local official overseeing finances at the Habbaniyah resort, said "the lake has receded" and tourism has become "really very weak"

Niger regime vows to prosecute deposed president for ‘high treason’

The regime said it had gathered evidence that it would use "to prosecute the deposed president and his local and...
  • Bazoum has been held in his presidential residence along with his son and wife since the day of the coup
  • Military leaders said they had not taken over Bazoum's residence and that he was still free to communicate with the outside world

Attack on Iran Shiite shrine leaves one dead: state media

Fars province governor Mohamed Hadi Imanieh told state TV the attack occurred around 7:00 pm (1530 GMT). Iranian President Ebrahim...
  • The attack comes less than a year after a similar one on the same holy site, the Shah Cheragh mausoleum in the Fars province capital Shiraz
  • The death toll of one was confirmed by the Fars commander of the Islamic Revolutionary Guards Corps, Yadollah Bouali, speaking on state TV

Naval forces in Gulf warn ships against nearing Iranian waters

"Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of...
  • The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates.
  • Its mission, according to its website, is to "provide reassurance to merchant shipping in the Middle East region".

Chancellor Scholz urges further talks after Saudi-led Ukraine summit

Representatives from around 40 countries including China, Germany, India and the United States took part in last weekend's gathering in...
  • Similar international talks to discuss a path towards peace also took place in Copenhagen in June. Scholz called the talks in Denmark and Saudi Arabia "very special".
  • Scholz said that Germany was now the second-biggest supplier of military assistance to Ukraine after the United States.

Blasts rock pro-Iran missile stocks in Syria: monitor

Residents of the Damascus region heard the blasts which came from "the warehouses of pro-Iran militias" in a mountainous area...
  • Syria's official news agency SANA said that during the night "the sounds of explosions" had been heard on the outskirts of Damascus
  • Four Syrian soldiers and two Iran-backed fighters were killed last Monday in pre-dawn Israeli air strikes near Damascus

Residents fume as Hawaii fire death toll climbs to 89

Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins,...
  • More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina
  • The new toll makes the blaze the deadliest in US since 1918, when 453 people died in Minnesota and Wisconsin

Battered by war, Sudanese start small businesses to survive

Until April 15, when the conflict erupted between the army headed by General Abdel Fattah al-Burhan and Mohamed Hamdan Daglo's...
  • Eshraqa Mousa, another woman who fled Khartoum, has opened a small stall to sell tea. Without it, she said, she could "only provide one meal a day" for her children
  • "We were forced to find alternatives," said Mohammed Ali, a former civil servant in the capital, he "teamed up with some colleagues to open a small mobile food stall"

Hamas says US ‘accomplice’ in Israel Qatar attack as funerals held

"This crime was... an assassination of the entire negotiation process and a deliberate targeting of the role of our mediating...

Company News

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Automakers lead market losses after Trump tariffs on imported vehicles

Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...

From cars to champagne: Trump’s expanding tariffs trigger trade war fears

Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President...

Lebanon cabinet appoints Karim Souaid central bank governor

Born in 1964, Souaid officially takes over after embattled former chief Riad Salameh's term expired in July 2023 with no...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

AI’s impact on jobs, technology’s touchy topic sparks unease

New York, United States - "Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where...
  • AI agents, which are supposed to make decisions that are usually made by humans, have become the latest buzzword of the AI story
  • There is little doubt that some kind of upheaval of the workplace is underway, but its precise impact remains uncertain

Trump announces 25% tariffs on foreign-built vehicles

US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners...
  • The duties take effect at 12:01 am (0401 GMT) on April 3 and impact foreign-made cars and light trucks while key automobile parts will also be hit within the month
  • But the White House added that vehicles entering under the US-Mexico-Canada Agreement (USMCA) can qualify for a lower rate depending on their American content

Macron hosts European leaders to discuss Ukraine’s security amid ceasefire talks with Russia

The meeting is seeking to set out what security guarantees Europe can offer Ukraine once a ceasefire deal is agreed,...
  • Speaking alongside Zelensky in Paris on Wednesday ahead of the talks, Macron said this was now a "decisive phase to put an end to the war of aggression"
  • Macron also announced a new French two billion euro ($2.2 billion) military aid package for Ukraine, with Paris ready to rapidly ship existing hardware from its stocks