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

Stocks mixed, dollar firms on rate-hike fears

Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected...
  • The dollar firmed on prospects of more US rate-tightening and oil prices slipped.
  • Cooler inflation is said to have eased the pressure on the European Central Bank.

New tech taps oceans to tackle global warming

Scientists from University of California Los Angeles are working on a project aimed at using the oceans as a big...
  • The oceans, covering most of the Earth, are already the planet's main carbon sinks, acting as a critical buffer in the climate crisis.
  • They absorb a quarter of all CO2 emissions, as well as 90 percent of the warming that has occurred in recent decades due to increasing greenhouse gases.

After major Yemen prisoner swap, another 104 released: ICRC

A day after a major prisoner exchange, more than 100 prisoners of war were flown from Saudi Arabia to Yemen...
  • The exchange and the truce negotiations come a month after Gulf heavyweights Saudi Arabia and Iran agreed to re-establish diplomatic ties
  • The release of 104 captives, days before the major Muslim festival of Eid al-Fitr, takes the total number to 973 freed since Friday

Nile-side Egypt town heralds spring with millennia-old pungent delicacy

The delicacy of saltwater fish, buried in salt for weeks at a time, remains a staple as Egyptians celebrate on...
  • The traditional dish feseekh dates back more than 4,000 years and has been found in archaeological sites in Egypt, said former antiquities minister Zahi Hawass
  • Even a sharp economic crisis impacting every facet of Egyptian life over the past year, has not stopped locals from getting feseekh at a price of about $7-8 per kilo

US raid in Syria targets senior IS leader: Centcom

Beirut, Lebanon--A US helicopter raid on Monday targeted a senior Islamic State group leader in Syria suspected of plotting attacks in...
  • A US Central Command statement said that the target of the strike was "responsible for planning terror attacks in the Middle East and Europe"
  • The strike, according to the Observatory, a Britain-based war monitor, killed the main target and two other fighters

More than 40 people killed in Syria attacks blamed on IS

The Observatory, which has a wide network of sources on the ground in Syria, said fighters riding motorbikes also attacked...
  • Since February, more than 240 people have been killed in IS attacks targeting truffle hunters or by landmines left by the extremists
  • Remnants of explosives laid by all sides in the conflict are now claiming more lives in Syria than anywhere else in the world, says the UN

UN denounces Sudan clashes, demands ‘swift justice’ over killings

Denouncing clashes in Sudan that have left dozens of civilians dead including three workers of the World Food Program, UN...
  • The UN Security Council, according to diplomatic sources, is planning to discuss the situation in Sudan at a closed-door meeting on Monday.
  • FIghting between the Sudanese armed forces and a rival paramilitary, the Rapid Support Forces, have left at least 56 civilians dead

‘Monetizing hate’: Unease as misinformation, conspiracy theories swirl on Twitter

The Tesla tycoon bitterly denies that misinformation has surged since his turbulent $44 billion acquisition of the messaging platform, but...
  • In a recent BBC interview, Musk pushed back at allegations that misinformation and hateful content were seeing a resurgence since his takeover.
  • Twitter's ad income will drop by 28 percent this year, according to analysts at Insider Intelligence, who said "advertisers don't trust Musk."

Merck to buy Prometheus

The US$11bn deal will drive drug company's growth.
  • At the closing of the New York Stock Exchange on Friday, Prometheus's share price stood at $114.01
  • The medical company is in the middle of developing a treatment for autoimmune diseases, including ulcerative colitis and Crohn's disease

10 Iranian soldiers sentenced for downing of Ukrainian plane

Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection...
  • A commander received 10 years in prison and nine others were sentenced to between one and three years.
  • Iranian forces shot down Ukraine International Airlines flight PS752 shortly after its takeoff from Tehran on January 8 that year.

Indonesian child’s viral fame draws tourists to boat race

Pekanbaru, Indonesia -- Armed with colourful oars, rowers pack into long boats in western Indonesia, paddling furiously in front of...

Company News

Latest News

States helping Israel’s occupation may be ‘complicit’: UN experts

"Israel's internationally wrongful acts give rise to state responsibility, not only for Israel, but for all states," said Navi Pillay,...

Drought forces Big Tech to rethink thirsty LatAm data centers

A prolonged drought in much of South America has forced tech giants Google and Amazon to rethink their plans for...

Gold breaks above $2,700 to record high as geopolitical uncertainty heightens

Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

‘Starvation tactics’ being used against 25 million people in Sudan

UN experts on Thursday accused the two sides in Sudan's civil war of using "starvation tactics" against 25 million civilians,...
  • The world must pay attention to the largest modern famine taking shape in Sudan today, says UN
  • Experts say "the volume of aid currently being delivered through this corridor is not enough to meet the population's needs"

Hamas leader Yahya Sinwar killed in Gaza as Iran issues fresh warning over Israeli retaliation

Israel and the US government officials express "relief" at the death of Hamas leader Yahya Sinwar. He became the militant...
  • Israel and the United States government officials express "relief" at the death of Hamas leader Yahya Sinwar
  • Iran's Revolutionary Guards chief Hossein Salami warned that Tehran would hit Israel "painfully" if it attacks Iranian targets

Major tech companies turn to nuclear energy to power data centers and AI initiatives

Firms such as Amazon, Microsoft, and Google are now looking to outgun each other to tap atomic energy, while Goldman...
  • Amazon, Microsoft, and Google are now looking to outgun each other with announcements on atomic energy
  • According to Goldman Sachs research, data centers will consume 8 percent of US power by 2030, up from 3 percent in 2022