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

Brazil footballer Firmino joins Saudi club Al-Ahli after Liverpool exit

Backed by the nation's sovereign wealth fund, the Saudi Pro League is luring big names from the major European leagues...
  • Firmino left Liverpool after eight seasons at Anfield, during which time he scored 111 goals in 362 appearances and won the Premier League, Champions League and Club World Cup
  • His arrival at Al-Ahli was revealed by the club in a video posted to social media and comes less than a week after the team concluded a deal to sign Edouard Mendy from Chelsea

Violence in Israel, West Bank ‘must stop’: UN rights chief

"The recent operation in the occupied West Bank and car ramming attack in Tel Aviv worryingly underscore an all too...
  • Turk said some of the methods and weapons used in the Jenin raid "are more generally associated with the conduct of hostilities in armed conflict, rather than law enforcement"
  • Christian Lindmeier, spokesman for the UN's WHO, said that the destruction of infrastructure, including roads in Jenin, was restricting access for medical teams

Libyan army commander warns of action over unequal oil revenue

Crude is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict,...
  • Khalifa Haftar, military head of Libyan eastern command, said "a deadline at the end of August for this committee to complete its mission".
  • Haftar said a committee must be established "to put in place financial arrangements with a view to fair management of public funds" and oil revenues

Twitter undergoes complex changes as Meta all set to unveil rival app

PARIS, FRANCE- Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and...
  • Since buying Twitter last year for $44 billion, Musk has fired thousands of employees and charged users $8 a month to have a blue checkmark.
  • Zuckerberg's Meta group, which owns Facebook, has listed a new app in stores as "Threads, an Instagram app", available for pre-order in the United States.

Twitter restricts ‘TweetDeck’ to verified users from August

Paris, France - Twitter has announced that TweetDeck, a popular program that allows users to monitor several accounts at once, will...
  • TweetDeck, launched more than a decade ago, shows messages in columns and its search and posting functions operate differently to the website or the app
  • Twitter bought London-based TweetDeck in 2011, with technology media putting the price tag at $40 million at the time

France seeks answers as Macron declares riots ‘peak’ passed

At a meeting of more than 300 mayors, whose municipalities suffered damages, Macron said, "Is it a permanent return to...
  • "I came to hear the president give us a vision, set a course. I didn't come for a group therapy session," complained Zartoshte Bakhtiari, mayor of Neuilly-sur-Marne east of Paris.
  • "It pays to kill a young Arab," tweeted Manon Aubry, a European Parliament deputy, reacting to online collection of $1.5m for the policeman who shot dead Nahel M.

Israeli assault: ICRC calls for protection of civilians in Jenin

Civilians and civilian objects must be respected and protected. The Israeli security forces must in particular ensure that the population...
  • The spiral of violence seen in the first six months of 2023 has led to heightened tensions and a worrying deterioration in the humanitarian situation in the West Bank.
  • UN human rights chief Volker Turk said the Israeli forces in the West Bank needed to abide by international human rights standards on the use of force.

Meet EU ‘gatekeeper’ definition, say seven tech giants

BRUSSELS, BELGIUM -  Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come...
  • The firms are Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung.
  • The firms stated they had revenue and user figures big enough to be classed as "gatekeepers", EU internal market commissioner Thierry Breton said.

Egypt, Turkey appoint ambassadors after a decade

Egypt and Turkey said they had appointed ambassadors to each others' countries for the first time in a decade, in...
  • Cairo and Ankara both issued statements announcing "the upgrading of diplomatic relations between them to the level of ambassadors".
  • Relations were severed a decade ago when Sisi, then Egypt's defense minister, ousted the Islamist president Mohamed Morsi, an ally of Turkey.

Urgent UN Human Rights Council session to discuss Quran burning

A Quran was burnt outside the Swedish capital's main mosque on Wednesday, triggering a diplomatic backlash across the Muslim world....
  • The Geneva-based UN Human Rights Council, which is meeting in session until July 14, will change its agenda to stage an urgent debate, following a request from Pakistan.
  • There are 47 members of the Human Rights Council. The UN's top rights body is currently in the second of its three regular sessions per year.

Key OPEC+ members to boost oil production again

Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...

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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...

Israel orders army to prepare Gaza exodus plan as Trump rules out US troop deployment in the territory

Israel's Defence Minister Israel Katz ordered the military to prepare a plan for voluntary" departures from Gaza, saying Palestinians could...

West Bank’s Jenin camp going in ‘catastrophic direction’: UNRWA

The Israeli military launched a major offensive in the West Bank on January 21 aimed at rooting out Palestinian armed...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Norway nears 100% goal of all-electric cars

By comparison, the share of electric cars in Europe was just 13.6 percent in the full-year 2024, a decline for...
  • A total of 9,343 new cars were sold in January, of which 8,954 were all-electric, the Norwegian Road Federation (OFV) said.
  • Of the 50 most-sold models, only two were non-electric, the first of which came in 33rd place, the OFV said.

OPEC+ sticks to oil output plan after Trump’s price demand

In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies...
  • In December, eight OPEC+ countries announced they would start phasing out 2.2 million bpd of voluntary supply cuts from April.
  • The decision to stick to the alliance's timetable to unwind cuts comes after Trump said last month that he would ask Saudi Arabia and OPEC to lower oil prices.

Palestinian Authority suspends Al Jazeera broadcasts

The Palestinian Authority on Wednesday ordered the suspension of broadcasts by Qatar-based Al Jazeera across the Palestinian territories, accusing the...
  • Militant group Hamas condemned the decision to ban the network
  • Tensions between the two sides followed recent coverage of clashes between Palestinian security forces and militants in Jenin