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

Morocco finds it difficult to straddle Israel, Palestinians

A case in point is the royal palace's reaction after the opposition Islamist Justice and Development Party (PJD) "deplored" the...
  • The North African country normalised its ties with Israel in December 2020, part of a series of deals known as the Abraham Accords
  • In exchange, Rabat won a key concession from Washington: recognition of its sovereignty over the disputed Western Sahara

Nearly 40 migrants dead in Mexico detention center fire

A fire believed to have been started by migrants protesting against their deportation killed at least 38 people at a...
  • The migrants were believed to have lit the fire as a demonstration because they feared they would be deported, President Andres Manuel Lopez Obrador said
  • At least 38 immigrants were killed and 28 were injured, according to the INM, which said the center housed 68 adult males from Central and South America

Norway repatriating from Syria sisters who went to support IS in 2013

The two sisters of Somali origin clandestinely left Norway for Syria in late 2013, aged 16 and 19, to join...
  • The two sisters, now aged 29 and 25, are between them mothers to three daughters born from partnerships with IS fighters, according to Norwegian paper
  • Kurdish administration in northeastern Syria said that two women and three children from Islamic State families were handed over to a Norwegian diplomat

US senators reprimand regulators for failure to stop SVB collapse

Washington, United States--US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier...
  • The senior officals from Federal Reserve, Treasury and FDIC were reprimanded by the Senate Banking Committee for failing to prevent the fall of SVB
  • Fed and FDIC officals in response said they are investigating failings they may have made in their oversight of SVB before its fall, and would publish findings by May 1

New national carrier part of Saudi bid to become a business, tourism magnet

This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital...
  • Apart from Riyadh Air, Saudi Arabia is also launching NEOM Airlines, to be based in the planned $500 billion futuristic megacity of the same name
  • The trade group Airports Council International predicts the region's airports will see 1.1 billion passengers by 2040, up from 405 million in 2019

Regular, medium-risk adults don’t need extra Covid jabs: WHO

The WHO's vaccine experts are no longer recommending additional Covid-19 vaccine booster doses for regular, medium-risk adults because the benefit...
  • The updated recommendations were issued after the UN health agency's Strategic Advisory Group of Experts on Immunisation had its regular biannual meeting
  • The additional booster shots are recommended by SAGE after the first one only for people at the highest risk of developing severe Covid-19 disease

Biden warns Israel on judicial reforms, wants controversial law to be dropped

Asked if Israel's democracy is at an inflection point -- a phrase Biden frequently uses to describe the danger facing...
  • US president expressed concern over the situation in Israel, where Netanyahu has been accused of trampling democracy
  • Biden said he was not considering inviting the Israeli leader to the White House, at least "not in the near term."

Alibaba to split into six groups

Each will be managed by its own CEO and board of directors.
  • The restructuring is likely to enable each separate business to pursue its own fundraising and public listing plans.
  • Hangzhou-based Alibaba said the moves were intended to "unlock shareholder value and foster market competitiveness".

Germany ponders monitoring Microsoft over anti-competitive practices

Berlin, Germany - Germany's anti-cartel watchdog said Tuesday it was examining if it needed to place US giant Microsoft under close...
  • The Federal Cartel Office said it was taking a first step to see if Microsoft is of "paramount significance across markets".
  • Big tech companies have been facing increasing scrutiny around the globe over their dominant positions as well as their tax practices.

Cancer-causing compounds found in everyday food

The 10 nitrosamines -- which are not intentionally added to food but which can form during its preparation and processing...
  • Nitrosamines have been detected in foods including cured meat, processed fish, cocoa, beer and other alcoholic drinks, the EFSA said.
  • The agency advised a balanced diet with a wide variety of foods to reduce consumption of nitrosamines.

Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report

Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...

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Israel and Hezbollah: A complex history of decades-long conflict and tensions

Nicosia, Cyprus - Israel and Lebanon's Shiite Muslim movement Hezbollah, whose leader Hassan Nasrallah was killed in an Israeli air strike...

More than 100 killed in Lebanon as Israel attacks south and central Beirut

Israeli fighter jets pounded parts of Lebanon and a drone attacked a Sunni neighborhood in central Beirut killing dozens across...

How Israel killed Hezbollah leader Hassan Nasrallah?

Israel has been planning for months to kill Hezbollah leader Hassan Nasrallah in south Beirut. Reports say Israeli PM approved...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Lebanon may be seeing ‘largest displacement’ ever: PM

Prime Minister Najib Mikati said that "the estimated number is very high and may reach one million" -- which would...
  • On Friday, Israel killed Hezbollah's leader Hassan Nasrallah in a move many fear risks destabilizing Lebanon and the wider region.
  • Since Monday, intense Israeli attacks across Lebanon's east, south and on southern Beirut have killed hundreds of people and forced many to flee their homes.

Trump launches into ‘dark speech’ on illegal immigration

Anti-immigrant sentiment has been at the core of Trump's appeal in economically depressed, majority-white parts of the country ever since...
  • Trump was seeking to strike back at Harris after she visited the US-Mexico border on Friday and vowed to do more to control asylum claims
  • The issue is one of the Democratic vice president’s weakest in polling, as she runs neck-and-neck against Trump in the November 5 election

Retaliation or defeat: Hezbollah at crossroads after Nasrallah’s killing

Widely seen as the most powerful man in Lebanon before his death of Friday, Nasrallah was the face of Hezbollah...
  • Widely seen as the most powerful man in Lebanon before his death of Friday, Nasrallah was the face of Hezbollah and Israel's arch-nemesis for more than 30 years
  • But Nasrallah's killing in Hezbollah's southern Beirut bastion known as Dahiyeh was the culmination of two weeks of unprecedented blows to the Iran-backed group