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

Paris summit to push for global debt and climate reform

France says the two-day summit, which begins on Thursday and will bring together some 50 heads of state and government,...
  • Emmanuel Macron has said the Summit for a New Global Financial Pact is aimed at building a "new consensus" to meet the interlinked global targets
  • Ideas on the table range from taxation on shipping, fossil fuels or financial transactions, to innovations in lending and a structural rethink of IMF and World Bank

Netanyahu vows to continue with controversial judicial reforms

JERUSALEM- Israeli Prime Minister Benjamin Netanyahu vowed on Sunday to advance the government's controversial judicial reforms, which have seen his...
  • The reform package unveiled in January has been waylaid in recent months by demonstrators who have gathered weekly in their tens of thousands.
  • Speaking Sunday, Netanyahu pledged to press forward with the judicial reforms "in a measured and responsible way" without giving further details.

Iraq displays Italy returned ancient stone tablet

The tablet- whose text is written in cuneiform, the Babylonian alphabet- bears the insignia of Shalmaneser III, the Assyrian king...
  • The tablet arrived in the 1980s in Italy, where the police seized it, said LM Hussein, director of Baghdad's council of antiquities and heritage.
  • The Italian authorities handed it over to Iraqi President Abdul Latif Rashid during a visit to Bologna over the past week.

Algeria court increases prison term for media leader

An Algerian court of appeal increased to seven years the prison term issued to a prominent media boss, but suspended...
  • Ihsane El Kadi did not receive any money from "foreigners or a foreign" group as claimed by authorities, the defense attorney said.
  • The verdict adds two years to an initial sentence handed down to El Kadi in April by a lower court for "foreign financing of his business".

New $25bn Intel plant Israel’s single largest foreign investment

The "agreement in principle" would see the semiconductor firm build the facility in southern city Kiryat Gat that would open...
  • Intel in return would receive a grant of 12.8 percent of its outlay, the ministry said, in line with Israel's capital investment encouragement law.
  • Intel has been operating in Israel since the 1970s with development centers and a production site that employ some 12,000 people.

Rivals in Yemen discuss possible prisoner swap in Jordan, says Red Cross

DUBAI, UAE -  Yemen's government and Iran-backed Houthi rebels are locked in talks in Jordan to set the ground for a...
  • The fighting has since killed hundreds of thousands of people directly or indirectly.
  • A six-month truce brokered by the UN expired in October last year, but fighting has largely remained on hold.

Iconic Balti eateries in UK facing battle to survive

The balti -- a curry of spices, coriander, onions, tomatoes and green peppers with meat or fish -- was created...
  • Andy Munro is on a mission to save what he and other devotees view as a key part of Birmingham's cultural and culinary heritage.
  • Munro, author of "Going for a Balti: The Story of Birmingham's Signature Dish" and who runs a website for balti lovers, is looking to the local authorities for support.

Binance and SEC reach deal to repatriate US customers’ funds

US Securities and Exchange Commission did not specify how many of Binance's US customers are affected, nor the value represented...
  • Binance is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange.
  • The platform, created in Shanghai in 2017, has cornered much of the crypto-trading market, turning its globe-trotting founder Zhao into a billionaire.

Israelis keep up protests against halted judicial reforms

Prime Minister Benjamin Netanyahu's hard-right government's proposals would curtail the authority of the Supreme Court and give politicians greater powers...
  • Opposition leaders suspended their participation in the talks, after parliament failed to elect a member of the coalition to committee to select judges
  • In Tel Aviv, where the largest rally took place, Ami Bluzer said that Prime Minister Netanyahu was stalling to wear down opposition, but "we'll stop him"

Blinken begins high-level talks in China to ease bilateral tensions

US Secretary of State Antony Blinken is in Beijing for key discussions, marking the first top-level US visit in five...
  • Both sides express cautious optimism about improving communication and avoiding conflict
  • The two powers are at odds over a range of issues from trade and technology to regional security.

Norway experiments with electric plane in real-life test

Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...

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Turkey’s Pegasus Airlines says to buy 200 Boeing 737 aircraft

Istanbul, Turkey -- Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order...

HRW accuses Israel of ‘acts of genocide’ for restricting Gaza water access

Human Rights Watch (HRW) accused Israel of committing "acts of #genocide" in the Gaza Strip by damaging water infrastructure and...

UN urges ‘free and fair’ elections in Syria post-Assad ouster amid ongoing challenges

Turkey's Foreign Minister warned Syria's new government to address Kurdish militancy, signaling potential intervention if unresolved with tensions rising with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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TikTok under fire: Espionage claims, election influence campaigns and controversies

The platform faces accusations of espionage in the United States, while the European Union has launched an investigation into claims...
  • The United States in April passed a law obliging TikTok's Chinese owner ByteDance to sell off the platform by January 19 on the grounds it allowed China to access data on US users.
  • Its editing features and powerful algorithm have kept it ahead of the game, attracting an army of creators and influencers as well as creating many of its own.

Syria since Assad’s overthrow: latest developments

HTS leader Abu Mohammed al-Jolani said that all rebel factions in Syria would "be disbanded and the fighters trained to...
  • Assad denounced the country's new leaders as "terrorists"
  • President Elect Trump said Turkey did an unfriendly takeover, without a lot of lives being lost

Jolani vows to disband rebel factions, integrate fighters into Syria’s Defence Ministry for unity

Jolani emphasized unity in Syria, advocating a social contract among religions for justice, while urging diplomats to lift sanctions to...
  • Assad fled Syria on December 8, as rebels led by Islamist group Hayat Tahrir al-Sham (HTS) captured the capital Damascus, ending decades of dictatorship and years of civil war
  • HTS leader Jolani has sought to reassure minorities at home and governments abroad that the country's interim leaders will protect all Syrians, as well as state institutions