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

Sudan’s de facto leader sacks rival general as war rages on

The sacking of the general made no difference to the fighting on the ground in both Khartoum and Darfur even...
  • Saudi Arabia, hosting an Arab summit on Friday, has been seeking to hammer our a humanitarian ceasefire, while representatives of the warring generals are at present in the kingdom
  • UN aid chief said he was "allocating $22 million to support relief efforts in Chad, the Central African Republic, Egypt and South Sudan," where Sudanese have sought refuge

Iran says reserves right to take action on Afghan water dispute

Iran said it "reserves" the right to take action as a dispute with Afghanistan escalates over an upstream river dam...
  • Iran accused Afghan authorities of not meeting their obligations in providing Tehran with its "water rights" from the Helmand River.
  • The Helmand River flows from the mountains of the central Afghan province of the same name for over 1,000 kilometers into Lake Hamoun.

Interpol red notice issued for Lebanon central bank chief

Lebanon has received an Interpol red notice requesting the arrest of central bank governor Riad Salameh after a French magistrate...
  • French investigators suspect that central bank boss Riad Salameh misused public funds to accumulate real estate and banking assets.
  • In March 2022, France, Germany and Luxembourg froze assets worth US$130 million (120 million euros) believed to belong to Salameh.

Iran hangs three in connection with Amini protests

Iran executed three men convicted of killing security force members during protests triggered by Mahsa Amini's death last year, the...
  • During the protests, thousands of Iranians were arrested and hundreds killed including dozens of security forces.
  • With the hangings, the total number of Iranians executed in connection with the demonstrations rises to seven.

‘Some’ Arab leaders turn ‘blind eye’ to Russian invasion: Zelensky

Zelensky's surprise trip to the summit in the Red Sea coastal city of Jeddah was his first to the Middle...
  • The summit also marks the return to the Arab League of Syrian President Bashar al-Assad, a staunch Russian ally who was suspended in 2011.
  • Zelensky highlighted how the war in Ukraine has affected Muslims in the Crimean Peninsula, which was annexed by Russia in 2014.

Gaza beekeeper tends hives by restive border

With 45 percent unemployment in Gaza, according to the International Monetary Fund, Khoudair's bees provide her with a job.
  • Despite the dangers, the frontier's farmland offers some of the only areas in Gaza's densely-populated urban environment suitable for beekeeping
  • With 45 percent unemployment in Gaza, according to the International Monetary Fund, Khoudair's bees provide her with a job

Tensions high as Israel nationalists march into east Jerusalem to commemorate its capture

Thursday's march began in the western part of the city before passing into east Jerusalem and through the Old City...
  • Palestinians in annexed east Jerusalem closed their shops and were banned from the Damascus Gate entrance to the Old City, a social hub, to make way for the marchers
  • Before the march, dozens of Jews, including three lawmakers from Netanyahu's party and a minister from Ben-Gvir's Jewish Power faction visited Al-Aqsa mosque compound

Elon Musk says Microsoft broke its rules for developers

Twitter called on Microsoft to identify all Twitter content that has been in its control during the past two years;...
  • Microsoft stopped accessing Twitter data in April, opting not to pay fees Musk demanded developers pay for APIs that engage with the platform, according to the letter
  • Elon Musk, the billionaire boss of Twitter last month fired off a Tweet accusing Microsoft of illegally using Twitter data to train artificial intelligence, writing "lawsuit time"

Eyes on Bashar al-Assad as Arab summit kicks off in Saudi

The summit in Saudi Arabia comes at a time when the world's biggest oil exporter is flexing its diplomatic muscle...
  • Assad arrived in the Red Sea coastal city of Jeddah on Thursday for the Arab League gathering, his first since the bloc suspended Syria in 2011
  • Saudi Arabia has restored bilateral ties with Syria and ramped up a push for peace in Yemen, where it leads a military coalition against Houthi rebels

After hitting Russia with new sanctions, G7 leaders visit Hiroshima memorial

G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to...
  • The G7 leaders began their visit with a stop at Hiroshima Peace Museum, which contains graphic evidence of the devastation caused by US nuclear attack in 1945
  • US and its G7 allies rolled out new sanctions against Russia's war machine Friday, targeting Moscow's lucrative diamond trade and more entities linked to Ukraine war

Lebanon parliament speaker calls for dialogue over Hezbollah weapons

Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue...

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Iran denies involvement as UAE arrests three people in rabbi killing case

"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an...

Palestinian pottery sees revival in war-ravaged Gaza

Deir el-Balah, Palestinian Territories - Traditional clay pottery is seeing a resurgence in the Gaza Strip, where Palestinians are forced to...

World reaches $300 bn climate finance deal at COP29

A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Rocket fire wounds four UN peacekeepers in Lebanon

Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...
  • "UNIFIL strongly urges combating parties to avoid fighting next to its positions"
  • The peacekeepers were wounded by shards of glass when windows shattered

Wealthy nations offer $250bn on climate but pressed for more

At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming,...
  • The text also sets an ambitious overall target to raise at least $1.3 trillion per year by 2035 from not only developed countries but the private sector.
  • But a red line for many climate-imperiled nations at COP29 had been securing a new commitment from developed nations well above their existing pledge of $100 billion a year.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.
  • BP said in a statement the "major investment" highlights its "strong confidence in Indonesia's investment climate".
  • The project involves the development of a new gas field, Ubadari, as well as enhanced gas recovery through carbon capture, ut and storage (CCUS) and onshore compression.