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

US exhorts Tunisia to agree to IMF reforms after EU offer

The EU offered a 900-billion-euro aid package -- contingent on Tunisia reaching an IMF deal. But Tunisian President Kais Saied...
  • It's clear that Tunisia needs additional assistance if it is going to avoid falling off the proverbial economic cliff, US Secretary of State said during a press conference
  • Italian foreign minister voiced support for IMF package and said that Prime Minister Giorgia Meloni's government wanted to offer money as "the first step" toward reforms

Palestinian president visits Beijing as China offers mediation in conflict with Israel

Beijing has sought to boost its ties to the Middle East, challenging long-standing US influence there -- efforts that have...
  • Official Palestinian news agency reported that Abbas will meet with President Xi Jinping and Premier Li Qiang during the trip
  • The two are expected to "exchange opinions... on the latest developments on the Palestinian arena," Wafa reported

Sweden to deport pro-Kurdish PKK supporter to Turkey

The decision comes after the Supreme Court in May cleared his repatriation to Turkey, where he is expected to serve...
  • The Swedish government has decided to "grant an extradition from Sweden regarding a 35-year-old Turkish citizen," an official said.
  • Turkey has accused Sweden of being a haven for "terrorists," especially members of the the outlawed Kurdistan Workers' Party.

UK delivery firm Tuffnells collapses

The company had failed to secure new funding, the administrators said.
  • Privately-owned Tuffnells, which specializes in large and bulky goods, is based in the northern English city of Sheffield.
  • The company, which has 33 delivery depots dotted across Britain, also suffered badly on fallout from the coronavirus pandemic.

Greenpeace denounces UK energy firm over coal-fired power station

LONDON, UK - Greenpeace slammed Britain's power grid operator on Monday after it requested the reactivation of a coal-fired power station...
  • National Grid ESO has asked energy firm Uniper to fire up a coal unit of its power station in Ratcliffe-on-Soar, central England.
  • Temperatures in Britain could exceed 30 degrees Celsius (86 degrees Fahrenheit) on Monday and remain high this week, forecasters say.

HSBC relaunches SVB UK

The new unit is headed by former SVB UK boss Erin Platts.
  • HSBC rebranded SVB UK as HSBC Innovation Banking, the London-listed lender said in a statement.
  • HSBC in March bought SVB UK under a deal brokered by the UK government and the Bank of England.

Global nuclear investments increase as tensions rise, say reports

GENEVA, SWITZERLAND - The world's nuclear powers, and China in particular, increased investment in their arsenals for a third consecutive year...
  • World's nine nuclear-armed states jointly spent $82.9 billion on their arsenals last year, with the US accounting for more than half.
  • Washington spent $43.7 billion, which was slightly less than a year earlier but was still far ahead of all other countries, the report showed.

Former Israeli PM testifies in Benjamin Netanyahu graft trial

JERUSALEM -  Israeli opposition leader Yair Lapid on Monday testified at a Jerusalem court in Prime Minister Benjamin Netanyahu's ongoing...
  • According to prosecutors, between 2007 and 2016 Netanyahu allegedly received gifts valued at US$195,000.
  • Netanyahu denies any wrongdoing, saying gifts were only accepted from friends and without him having asked for them.

Indirect talks with US ongoing via Oman, says Iran

Iran said it has continued indirect negotiations with the Unites States through the Sultanate of Oman over its nuclear deal...
  • A 2015 deal granted Tehran much-needed sanctions relief in exchange for curbs on its nuclear program.
  • The two countries recently denied media reports that they were close to reaching an interim deal to replace the 2015 accord.

New life breathed into Tunisia’s bagpipes

Known as Mizwad, the Tunisian bagpipe was once banned from airwaves but has now been embraced by artists infusing its...
  • Most musical historians agree the mizwad first appeared in Tunisia at the beginning of the 20th century and was confined to working-class suburbs for decades.
  • The mizwad spawned its own musical style that was frowned upon by authorities for associations with alcohol, drugs and prison -- where many songs were composed.

With Kim, Putin at his side, Xi says world “faced with a choice of peace or war”

North Korean leader Kim Jong Un and Russia's Vladimir Putin flanked Xi Jinping at a massive parade of military might...

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Asian markets retreat as China pledges fail to spark excitement

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...

G7 meeting to address Syria’s challenges following Assad’s ouster

Damascus, Syria - G7 leaders will meet virtually Friday to discuss the momentous changes underway in Syria, where the interim government...

UNRWA warns of ‘apocalyptic’ conditions as Israeli airstrikes target aid, refugee camps, kill 58

The latest bloodshed came despite growing optimism that negotiations for a ceasefire and hostage release deal might finally succeed, with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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54 journalists killed in 2024, a third by Israel: media group

Fifty-four journalists were killed worldwide while carrying out their work or because of their profession in 2024, a third of...
  • Israeli forces were responsible for the deaths of 16 journalists in Gaza and two in Lebanon
  • Israel admits that some have been killed in air strikes on military targets

Transition in Syria: New PM says will ‘guarantee’ rights of all religious groups

With Assad's overthrow plunging Syria into the unknown, its new rulers have sought to assure religious minorities that they will...
  • Assad fled Syria after a lightning offensive spearheaded by the Islamist Hayat Tahrir al-Sham (HTS) group and its allies, which ended five decades of rule by his clan
  • Syrians across the country and around the world erupted in celebration, after enduring a stifling era during which anyone suspected of dissent could be thrown into jail or killed

Google unveils its most advanced Artificial Intelligence model, Gemini 2.0

San Francisco, United States -- Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to...
  • CEO Sundar Pichai said the new model would be marking what the company calls "a new agentic era" in AI development.
  • Gemini 2.0 is initially being rolled out to developers and trusted testers, with plans for broader integration across Google's products.