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

Boeing expects number of planes in air to double in 20 years

The American aircraft manufacturer estimates 48,575 planes will be in service in 2042, compared with 24,500 last year. This will...
  • North America will take 23 percent of these new planes, the Asia-Pacific region 22 percent, Eurasia 21 percent and China alone 20 percent
  • Boeing also expects low-cost carriers to more than double in size over the next 20 years-- substantial growth, but slower than the past 20 years

New 72-hour ceasefire takes effect in Sudan after spurt in fighting

Several truces have been agreed and broken during the two-month war, including after the United States slapped sanctions on both...
  • Air strikes killed 17 civilians, including five children, in Khartoum Saturday, a citizens' group said, as medics in Chad reported hundreds of wounded from Darfur seeking treatment
  • Medics in Chad said Saturday they were overwhelmed by the hundreds of wounded fleeing Sudan's Darfur region, which has become an increasing focus of global concern

First flight with Yemeni pilgrims to touch down in Jeddah since 2016

A Yemenia Airways plane carrying 277 travelers departed at around 8 pm, seven years after Sanaa's international airport was blockaded...
  • The Jeddah-bound flight is the first to Saudi Arabia since Sanaa's airport was closed by the coalition blockade in August 2016
  • Thousands of pilgrims in Houthi-held areas travel by bus to Saudi Arabia, or to Aden where they can fly to the neighbouring country

Iran-Saudi reconciliation advances with high-level diplomatic visit

In a significant step towards reconciliation, Saudi Foreign Minister Faisal bin Farhan conducted a landmark visit to Iran to hold...
  • Saudi Foreign Minister Faisal bin Farhan holds historic talks with his Iranian counterpart, Hossein Amir-Abdollahian, focusing on regional security
  • The talks are part of a reconciliation process between Iran and Saudi Arabia, following a seven-year rupture that began in 2016

Libya’s Haftar calls for unified government to oversee polls

Last week, both sides agreed on the legal steps to hold the elections following talks in Morocco, but stopped short...
  • Libya has been torn by more than a decade of stop-start conflict since a NATO-backed revolt toppled strongman Moamer Kadhafi in 2011
  • The country remains split between a nominally interim government in Tripoli in the west, and another in the east backed by Haftar

Micron to invest $600m in China plant

Beijing had banned its chips from critical infrastructure projects.
  • China's cybersecurity watchdog last month said Micron had failed a national security review, telling operators of "critical information infrastructure" to stop buying its products.
  • About 10 percent of Micron's $30.8 billion annual revenue last year came from China, according to company data.

Putin meets UAE President Sheikh Mohamed, hails ties

Putin thanked Al-Nahyan for the role the UAE has played in prisoner exchanges between Russia and Ukraine and Russia and...
  • "The Emirates are a very good partner," Putin said in televised comments at the start of the meeting, which took place on the sidelines of an economic summit in Saint Petersburg.
  • Putin thanked Al-Nahyan for the role the UAE has played in prisoner exchanges between Russia and Ukraine and Russia and the United States.

Gas, infra deals inked as Qatar emir holds Baghdad talks with Iraq PM

Sheikh Tamim bin Hamad Al-Thani was welcomed by Prime Minister Mohamed Shia al-Sudani at the airport, images broadcast on Iraqi...
  • The two sides signed agreements on oil and gas supply to Iraq, the establishment of a joint oil company and the construction of a refinery
  • Iraq's National Investment Authority also signed agreements with the Qatari firms working in the property and construction sectors

Sudan war death toll surges past 2,000 as fighting enters third month

Since April 15, the regular army headed by Abdel Fattah al-Burhan has been locked in fighting with paramilitary Rapid Support...
  • In long-troubled West Darfur state, the violence killed Governor Khamis Abdullah Abakar, hours after he made remarks critical of the paramilitaries in a telephone interview
  • Miller said up to 1,100 civilians have been killed in West Darfur's capital, El Geneina, alone, while the @UN is reporting more than 273,000 have been displaced from the region

Xi Jinping meets with ‘old friend’ Bill Gates in Beijing

Gates -- one of the world's richest men -- is the latest in a string of Western business leaders to...
  • The visit is Gates' first to China in four years, and included a rare sit-down between the Chinese head of state and a foreign business leader
  • A state media readout also quoted Gates as praising China's efforts in "tackling the Covid-19 pandemic, setting a good example for the world"

Gaza ‘genocide’ exposes Europe’s failure to act: top EU official

"The genocide in Gaza exposes Europe's failure to act and speak with one voice," European Commission vice president Teresa Ribera...

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UN envoy warns Syria conflict not over yet

United Nations' special envoy for Syria, Geir Pedersen, referring to fighting between the US-backed, Kurdish-led Syrian Democratic Forces (SDF) and...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US stocks mostly rise ahead of expected rate cut, bitcoin hits new record

The Fed is widely expected to cut its key lending rate for a third straight time, reducing it by a...
  • Bitcoin hit a new record high at $106,493.43 as it continues to gain support from Donald Trump's backing of cryptocurrencies.
  • Investors are turning their attention to Wednesday's US Federal Reserve decision on borrowing costs at its last policy meeting of the year before Trump takes office next month.

Nations step up outreach to Syria’s post-Assad rulers

Governments worldwide are stepping up efforts to engage with Syria's new interim rulers, just over a week after Islamist-led rebels...
  • Diplomats have urged an inclusive new administration focused on nation-building and justice
  • The interim government insists they will protect the rights of all Syrians, and the rule of law

Israel approves plan aiming to double annexed Golan population, Saudi calls it ‘sabotage’ of Syria

The occupied Golan is home to about 23,000 Druze Arabs, whose presence predates the occupation and most of whom retain...
  • The government had "unanimously approved" the 40 million shekel ($11 million) "plan for the demographic development of the Golan., Netanyahu office said
  • Israel has occupied most of the Golan Heights, a strategic plateau, since 1967 and annexed that area in 1981 in a move recognised only by the United States