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

Tunisia and EU sign ‘strategic’ deal on economy, migration

The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...
  • European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"
  • The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022

Israeli court orders government to release seized Palestinian boat

GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...
  • Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.
  • However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.

Lebanon’s poverty means more work for craftsmen

As inflation averages 171% in 2022, one of the highest rates worldwide, people prefer to fix old items such as...
  • Despite the crash, Lebanese officials have failed to enact reforms demanded by international donors that would unlock bail-out funds.
  • The Lebanese pound has lost around 98 percent of its value against the US dollar, and most of the population has been plunged into poverty.

Iraq, Syria pledge to enhance cooperation, counter terrorism

They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against...
  • Despite the conflict Iraq maintained diplomatic ties with its neighbor Syria and on Sunday Assad hosted Iraqi Prime Minister Mohamed Shia al-Sudani for talks in Damascus.
  • They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against terrorism".

Production restarts at Libya oil fields after protests end

Tripoli, Libya - Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief...
  • Demonstrators had been protesting against the arrest of a former minister Faraj Abderrahmane Boumtari.
  • Members of his Zouaya tribe on Thursday threatened to block oil terminals in the east if he was not released. He was released Saturday.

Iraq detects first captagon producing lab near Saudi border: Ministry

Baghdad, Iraq -- Iraq said Sunday it has found a site in a province bordering Saudi Arabia where captagon is produced,...
  • Iraq has long been a transit country for captagon, the amphetamine-like stimulant plaguing the Middle East, but officials say it has also become a consumer market for the drug.
  • The vast majority of the region's captagon, which derives its name from a once legal drug use to combat narcolepsy, is produced in Syria -- another Iraqi neighbor -- and Lebanon.

Fears over Syria’s proposed control on aid to rebel-held areas

They worry over the fate of residents in Syria's last remaining rebel strongholds, in the north and northwest, after the...
  • But expiry of the UN mechanism, as well as Syria's decision to change course on the delivery of aid to those areas, has sparked fears and questions among the humanitarian community
  • The crossing is the main entry point for aid to rebel-held areas, though it also occasionally trickles in from areas under the control of Damascus.

Morocco, Shell sign 12-year natural gas deal: ministry

Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in...
  • The agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco, the value of the 12-year deal has not been disclosed
  • In the initial years, the gas will be delivered through Spanish ports and the Maghreb GME, It will eventually be delivered through planned Moroccan LNG terminals

Twitter has lost half its advertising revenue, says Musk

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost...
  • Insider Intelligence has reported that Twitter was set to earn less than $3 billion in 2023, down one-third from 2022
  • Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Musk bought the platform

Tesla rolls out its first electric pickup, the Cybertruck

The company had promised in April that it would be rolling out the first Cybertrucks before the end of the...
  • In May, Musk said the company hoped to build 250,000 of the trucks a year - a number he said could eventually double, given a relatively accessible price tag
  • Tesla will be making three models of the Cybertruck, a vehicle that can accelerate from zero to 60 miles per hour (100 kilometers per hour) in less than three seconds

Colman, Ruffalo among 1,500 film workers to boycott Israeli cinemas

The signatories included British actors Aimee Lou Wood, Josh O'Connor and Tilda Swinton, American actors Ayo Edebiri and Cynthia Nixon,...

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Deal restored: Hamas, Israel finalize exchange of Palestinian prisoners for bodies of Israeli hostages

Mediators have revived a deal for Israel to release Palestinian prisoners in exchange for the bodies of four Israeli hostages,...

UN warns of last chance for two-state Israeli-Palestinian solution

Sigrid Kaag, the UN envoy for the peace process in the region, also warned against calls for Israel to annex...

US, Russia to appoint negotiators for Ukraine talks; Kyiv protests exclusion, Europe awaits role

Washington noted European nations would have to have a seat at the negotiating table "at some point", following the first...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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More than one million Syrians return to their homes: United Nations

Geneva, Switzerland -- More than one million people have returned to their homes in Syria after the overthrow of Bashar al-Assad,...
  • The returnees include 280,000 Syrian refugees and more than 800,000 people displaced inside the country.
  • Syria's war has killed more than half a million people and displaced millions from their homes.

Netanyahu commits to Trump’s Gaza plan as Rubio seeks Arab backing in Saudi talks

In a statement on Monday, Israeli Prime Minister Benjamin Netanyahu said he was "committed to US President Trump's plan for...
  • Arriving in the kingdom after talks in Israel, Secretary of State Marco Rubio - on his first visit to the Middle East - met Crown Prince Mohammed bin Salman
  • A Saudi source had earlier told AFP that Riyadh would host a regional summit later this week "to discuss Arab alternatives" to President Donald Trump's plan for Gaza

Saudi Arabia’s sports fund invests in DAZN streaming service

Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake...
  • SURJ, originally named SRJ, was established in August 2024 by Saudi Arabia's Public Investment Fund (PIF) "to invest in acquiring and creating new sports events
  • SURJ and DAZN will work closely to establish DAZN MENA, a joint venture that will unlock new broadcasting opportunities for Saudi Arabia's growing sports sector