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

Kuwait’s never-ending political crisis hurts economy

It suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, despite a parliamentary system...
  • Kuwait, home to seven percent of the world's crude reserves, has little debt and one of the strongest sovereign wealth funds in the world
  • The oil-rich country, posting large deficits during the Covid-19 pandemic, was buoyed by the rise in oil prices last year

Jordanian club holds workshops to train people in art of comedy

The new comedians hoping to put a smile on Jordanian faces range in age between 18 to 40 and include...
  • The Amman Comedy Club has been training aspiring comics since 2019 and offering free, three- to four-month workshops in stand-up, improv, comedy sketches and satire writing
  • Aided by foreign institutions such as the Konrad Adenauer Foundation and Chicago-based comedy club The Second City, the ACC has already trained more than 140 people in Jordan

Death toll in US strikes on Iran-linked groups in Syria rises to 19

The Britain-based Observatory, which has a wide network of sources on the ground, said 19 people were killed in the...
  • Further rocket attacks by Iran-backed militias took place late Friday, prompting more strikes by coalition warplanes, the Syrian Observatory for Human Rights reported
  • The Syrian government, which is closely allied with Iran, accused the United States of lying about the targets of its air strikes to justify its "act of aggression"

Turkey stops handling oil exports from Kurdistan region: Iraq

The Iraqi oil ministry said that Turkey stopped oil exports from Iraq's autonomous Kurdistan region on Saturday in the wake...
  • Iraq had initiated the proceedings against the neighboring country in 2014, claiming exclusive rights over Kurdistan's oil exports
  • The regional government in Arbil though, in defiance of Baghdad, continued to export oil through Turkey at a rate of around 450,000 barrels a day

Qatar Islamic Bank owner again offers to buy Manchester United

Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...
  • Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
  • No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion

Violent scenes in France as protests begin against reservoir construction

SAINTE-SOLINE, FRANCE - French security forces again clashed with protesters Saturday as campaigners sought to stop the construction of reservoirs for...
  • Multiple projectiles and improvised explosives were thrown by protesters, with police responding with tear gas and water cannon.
  • Eleven people were already detained after police seized cold weapons, including petanque balls and meat knives, as well as explosives.

EU, Germany reach deal on fossil fuel car phaseout

BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...
  • A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
  • Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.

Big asteroid to zoom between Earth and Moon

The asteroid, named 2023 DZ2, is estimated to be 40 to 70 metres wide, roughly the size of the Parthenon,...
  • At 19:49 GMT on Saturday the asteroid will come within a third of the distance from Earth to Moon, said Richard Moissl, the head of the ESA's planetary defence office
  • The asteroid will again swing past Earth in 2026, but poses no threat of impact for at least the next 100 years -- which is how far out its trajectory has been calculated

Apple enjoys ‘symbiotic’ relationship with China, Cook says

Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an...
  • Cook's visit comes as Apple, the world's biggest company by market value, is trying to move production out of China
  • The CEO has pledged to increase Apple's spending on its rural education program in China to 100 million yuan ($15 million)

Muharrem Ince, a combative spoiler enters Turkey’s election campaign

Six disparate parties have built an anti-Erdogan alliance and -- after a year-long debate -- rallied around the candidacy of...
  • Ince's last-minute entry into the election race that was shaping opposition's best chance yet to defeat Erdogan has ruffled feathers across the political spectrum
  • Eurasia Group analyst Emre Peker said Muharrem Ince's ability to draw votes away from Kilicdaroglu will make his position crucial in the likely runoff on May 28

Ex-owner of world’s largest rhino farm arrested for trafficking

Johannesburg, South Africa -- South African police said they arrested Tuesday the former owner of the world's largest rhino conservation...

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Saudi Arabia announces coalition to push for Palestinian state

Prince Faisal bin Farhan said the "International Alliance to Implement the Two-State Solution" included Arab and Islamic countries, as well...

Israel defies ceasefire calls and vows to keep battling Hezbollah

"There will be no ceasefire in the north. We will continue to fight against the Hezbollah terrorist organization with all...

US offers $20 mn for info on Iranian behind Bolton assassination plot

Washington, United States- The US State Department announced a $20 million reward on Thursday for information leading to the arrest of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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World’s first CO2 storage service soon ready in Norway

Øygarden, Norway -- Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening...
  • The Northern Lights project plans to take CO2 emissions captured at factory smokestacks in Europe and inject them into geological reservoirs under the seabed.
  • The aim is to prevent the emissions from being released into the atmosphere, and thereby help halt climate change.

Ceasefire calls mount as Israeli troops on alert for Lebanon incursion

International calls for restraint mounted Wednesday after Israel's army chief told soldiers to prepare for a possible ground offensive against...
  • Israeli strikes on Lebanon killed 72 people on Wednesday
  • Biden met with French President Emmanuel Macron at the UN General Assembly to discuss ceasefire efforts

OpenAI chief technology officer Mira Murati leaving company

San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...
  • Murati called her more than six years at the San Francisco-based company "an extraordinary privilege" and described her decision to leave as difficult in a post on X
  • OpenAI chief Sam Altman replied to Murati's post with his thanks for what Murati has helped the company build, and promised details on a transition plan soon