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

67mn children missed out on vaccines because of Covid: UNICEF

A grim UNICEF report warns of a potential outbreaks of polio and measles in children who didn't get vaccinated because...
  • Africa and South Asia were the hardest hit as vaccine coverage among children declined in 112 countries and the percent of children vaccinated worldwide slipped 5 points
  • Each year immunization saves 4.4 million lives, a number the United Nations figures could jump to 5.8 million by 2030 if its ambitious targets to leave "no one behind" are met

UN chief to host meeting on Afghanistan in Doha to seek ‘way forward’

Seeking a "durable way forward" for the war-scarred Afghanistan, the UN Secretary-General Antonio Guterres is convening an international meeting in...
  • In the wake of a ban on Afghan women working for the world body, the UN mission in Afghanistan has begun an assessment of its operations
  • The Doha meeting announcement follows the UN estimate that the number of Afghans in poverty has nearly doubled to 34 million since the Taliban takeover

Yemen stampede kills 85 at a charity distribution event

In one of the deadliest stampedes in a decade, more than 80 people died and hundreds were injured at a...
  • The incident occured inside a school where aid was being distributed among hundreds of people gathered to receive handouts
  • According to the UN, more than two-thirds of the population lives below the poverty line, including employees who have not been paid in years

Syrian Kurds ready for talks with Damascus, sharing resources

"We affirm our readiness to meet and talk with the Syrian government and with all Syrian parties to hold discussions...
  • President Bashar al-Assad rejects the Kurdish administration in parts of Syria and accuses it of "separatism".
  • Several rounds of talks since 2018 between Damascus and the Kurds have failed to achieve any results.

15 Tunisian migrants missing after Europe bound boat capsizes

Tunis, Tunisia - Fifteen Tunisian migrants are missing after their boat sank in the Mediterranean during an attempt to reach Europe,...
  • The boat carrying 19 Tunisians sank Monday night, said a statement by Tunisia's National Guard, which oversees the coastguard.
  • Four migrants were rescued by a fisherman after the boat sank, while the search for the remaining 15 continued Wednesday morning.

HSBC calls for vetoing split proposal

HSBC's largest stakeholder Ping An says the split will improve business.
  • HSBC argued this was the best and safest way to continue to deliver substantially more value for shareholders.
  • The banking giant called on shareholders to vote against the proposal at the bank's annual general meeting on May 5.

Dozens of Iraqi policemen arrested after convict escapes custody

BAGHDAD, IRAQ - A former Iraqi religious official convicted of corruption has escaped police custody, prompting the arrest of more than...
  • Saad Qambash was once head of Iraq's Sunni Waqf, and had been jailed for four years earlier this month for fraud.
  • Investigating authorities had uncovered "documents" as evidence leading to the arrest of those involved.

More rate rises may be needed to tame high inflation, says ECB economist

FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the...
  • The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening.
  • The central bank holds its next meeting on May 4 and all eyes are on whether policymakers will implement another hike and by how much.

Retail giant Carrefour to offer menstrual leave to workers in France

Paris, France -- French supermarket giant Carrefour said on Wednesday it would allow female employees to take days off if they...
  • The move is the latest to allow women extra time off in a country where paid menstrual leave still depends on the individual initiative of employers.
  • The company, which has supermarkets all over the world, said the measures would for the moment only apply to workers in France.

Netflix reports mixed earnings as password crackdown coming

The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed...
  • Netflix said it expects to begin rolling out its options for paid password sharing this quarter instead
  • Market tracker Insider Intelligence forecast that Netflix will bring in $770 million in ad revenue from the new tier this year

Iran’s Khamenei says will not bow down to US

The remarks, delivered at a mosque in the capital Tehran, come two months since fighting halted between Iran and its...

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Is Musk’s million-dollar US voter lottery legal?

Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day...

Wealthy Israelis offer rewards for release of Gaza hostages

Jerusalem, Undefined - Frustrated with the dwindling prospect of reaching a ceasefire deal in the year-long Gaza war, some Israeli entrepreneurs...

Microsoft unveils autonomous AI agents for business tasks

San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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In escalation, Israel bombs Hezbollah-linked finance group

-Israel began bombing Lebanese branches of an association accused of financing the Iran-backed Hezbollah movement, Lebanese state media reported late...
  • 11 Israeli strikes on Beirut's southern suburbs targeted Al-Qard Al-Hassan.centers
  • UNIFIL, said an Israeli "army bulldozer deliberately demolished an observation tower and perimeter fence of a UN position

China’s central bank cuts two key rates to boost economy

Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...
  • The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces
  • Leaders are targeting annual growth of five percent this year, but that goal is being challenged by weak consumption and a prolonged and debilitating debt crisis

Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles

The KDP is the largest party in the outgoing parliament, with 45 seats against 21 for the PUK. The KDP's...
  • Iraqi Kurdistan presents itself as a relative oasis of stability in the turbulent Middle East, attracting foreign investors due to its close ties with the United States and Europe
  • However, activists and opposition figures contend that the region, autonomous since 1991, faces the same issues affecting Iraq as a whole: corruption, repression, and cronyism