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

Hours after Threads takes off, Elon Musk threatens lawsuit

Threads is the biggest challenger yet to Musk-owned Twitter, which has seen a series of potential competitors emerge but not...
  • In a letter to Zuckerberg, Musk lawyer accused the company of "unlawful misappropriation of Twitter's trade secrets and other intellectual property."
  • Meta is accused of hiring former Twitter staff who 'had and continue to have access to Twitter's trade secrets and other highly confidential information'

After five years of driving, roadblocks remain for Saudi women

Women drivers in Saudi Arabia is just one example, Jawhara al-Wabili says, of how women's rights have blossomed in recent...
  • Saudi officials try to keep the spotlight on the progress women have made, seeking to recast their long-closed-off country as open for business and tourists
  • At events like the WEF in Davos highlighted the fact that the proportion of Saudi women in the workforce has more than doubled since 2016, from 17 percent to 37 percent

Iran summons UK envoy to protest new sanctions: state media

The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...
  • Foreign Secretary James Cleverly said sanctions against Iran over alleged human rights violations and hostile actions against its opponents on UK soil will expand
  • Iran's foreign ministry considered the statements and positions of the British authorities as well as the recent sanctions... as an illegal and interventionist action

Global maritime sector improves carbon-reduction target: draft deal

Compared with 2008 levels, the United Nations' global shipping regulator has agreed to cut total annual emissions of greenhouse gases...
  • The latest agreement comes at the end of a five-day meeting at the International Maritime Organization's headquarters in London
  • The vast majority of the world's 100,000 cargo ships - which carry 90 percent of the world's goods - are powered by highly-polluting diesel

Climate change tests limits of Mediterranean wildfire strategy

In the northwest United States they say the average expanse of forest destroyed by wildfires annually doubled between 1984 and...
  • In October 1970, 11 people perished near France's far southeastern border with Italy and then fifteen years later, a new inferno in the area killed five volunteer firefighters
  • Many observers credit the fall in fatalities to the strategy adopted in the early 1990s in the arc from France's border with Spain to the frontier with Italy

Lebanon central bank officials to quit if no governor nominated

BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...
  • The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the stage for a leadership crisis.
  • "Unless the political class names a successor, the vice-governors will resign before (Salameh's) mandate ends" on July 31, an official said.

Energy prices may jump if output slashed, warns Shell CEO

LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...
  • The official warned that strengthening demand from China and cold winter weather in Europe could send energy prices and bills surging.
  • Domestic electricity and gas bills sky-rocketed after key energy producer Russia invaded neighboring Ukraine early last year.

COP28 chair Sultan Al Jaber urges energy firms to cut emissions

Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the...
  • Jaber said the entire industry "should be aligned" to help the world meet the target of net-zero greenhouse gas emissions by 2050.
  • This includes not only international oil companies but also national state-controlled ones, Jaber told an OPEC seminar in Vienna.

Volkswagen to test self-driving cars

Commercial launch of self-driving vehicles is planned for 2026.
  • The vehicles will collect data during the trials and, in the initial test phase, will have human safety drivers, VW said.
  • "Moving into this next phase will help us test, validate and refine technology," said Christian Senger, a Volkswagen official.

World saw hottest June on record, Tuesday hottest day ever

Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood...
  • "The month was the warmest June globally at just over 0.5 degrees Celsius above the 1991-2020 average, said EU monitor Copernicus.
  • The tumbling records reflect the impact of global warming driven by greenhouse gases released from human activity.

Catholic teen set to become first millennial saint

Vatican City, Holy See -- Tens of thousands of pilgrims are expected at the Vatican Sunday for the canonization of...

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Trump warns ‘all hell’ will break loose if Gaza hostages not returned after Hamas delays exchanges

The January 19 truce halted 15 months of Gaza fighting, freeing Israeli hostages in exchange for Palestinian prisoners, but tensions...

Under US takeover plan, Palestinians will have no right of return to Gaza: Trump

Trump told Fox News Channel’s Bret Baier that "I would own it" and that there could be as many as...

Egypt to host emergency Arab summit on Palestinians: foreign ministry

Cairo, Egypt -- Egypt will host a summit of Arab nations on February 27 to discuss "the latest serious developments" concerning...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel orders negotiators to Doha after fifth hostage-captive swap completed under truce deal

Hamas official Bassem Naim warned that Israel’s "procrastination" in implementing the agreement could jeopardize the ceasefire, as negotiations began on...
  • Israel confirmed 73 hostages remain in Gaza, with 34 presumed dead
  • Hamas defended the hostages' condition, calling it "acceptable" under Gaza’s crisis

Israel to receive US-made bombs and Hellfire missiles worth $7.4 bn despite past curbs under Biden administration

The State Department has signed off on the sale of $6.75 billion in bombs, guidance kits and fuses, in addition...
  • The proposed sale of the bombs "improves Israel's capability to meet current and future threats, strengthen its homeland defense, and serves as a deterrent to regional threats
  • And the missile sale would "improve Israel's capability to meet current and future threats by improving the ability of the Israeli Air Force to defend Israel's borders

Trump condemned for ICC sanctions over Israel, US probes

The United Nations and the European Union also urged Trump on Friday to reverse the decision ordering asset freezes and...
  • The sanctions could impact the court's technical and IT operations, including evidence gathering. There are fears victims of alleged atrocities may hesitate to come forward.
  • Antonio Costa, who heads the European Council representing the EU's 27 member states, wrote on X that the move "undermines the international criminal justice system".