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

Global cocaine supply reaches record levels, says UN drug agency

VIENNA, AUSTRIA  -  Coca cultivation hit a record high by soaring 35 percent from 2020 to 2021, a UN report showed...
  • Bolivia, Colombia and Peru altogether cultivated coca leaves in an area of more than 300,000 hectares in 2021.
  • Demand for the drug, which is sold for about US$74 per gram, is concentrated in Americas and parts of Europe.

Deliveroo 2022 loss at $355m

The firm's revenue rose 14 percent to nearly US$2.4 billion.
  • Deliveroo exited Australia and the Netherlands in 2022, after departing from Spain in 2021.
  • The company expanded into Qatar last year as it pursues a growth plan of action in Middle East.

UAE pledges $3m for rebuilding Huwara raided by Israeli settlers

Thirty houses were burned and damaged, according to local officials, after dozens of Israeli settlers set them ablaze. Bezalel Smotrich,...
  • Last month, dozens of Israeli settlers violently attacked the Huwara town in occupied area of northern West Bank.
  • The occupied area of West Bank is under Israel's control since 1967 war, and around 2.9 million Palestinians live in the area.

Lebanon bank chief turns up for European probe into his wealth

Salameh had been summoned to appear on Wednesday but failed to show up, alleging that "the presence of international judges...
  • He faces allegations of crimes including embezzlement in separate probes in Lebanon and abroad. He rarely appeared before investigating judges, despite numerous complaints.
  • France, Germany and Luxembourg seized assets worth 120 million euros ($130 million) in March last year in a move linked to a French probe into Salameh's personal wealth.

No recent crossings of Lebanon-Israel border, say UN peacekeepers

BEIRUT, LEBANON - The UN peacekeeping force in Lebanon said Thursday it had not observed any border crossings after Israel said...
  • UNIFIL acts as a buffer between Lebanon and Israel, neighbors that remain technically at war and have no diplomatic relations.
  • United Nations Interim Force in Lebanon urged both sides to exercise restraint and use UNIFIL coordination mechanisms to "avoid misunderstandings".

Will only talk to Erogan if Turkey exits Syria: Assad

The Syrian leader, who arrived in Moscow on Tuesday, demanded that Turkey end its "support for terrorism" alongside a withdrawal,...
  • His comments come one day after he met Russian President Vladimir Putin, who is seeking to repair ties between Erdogan and Assad
  • Erdogan and Assad had amicable relations in the 2000s after years of tensions between their countries following the breakup of the Ottoman Empire

NASA, Axiom Space show off new spacesuit for Artemis astronauts

The suit revealed at an event at the Johnson Space Center in Houston features greater flexibility and thermal protection than...
  • Axiom Space was awarded a $228.5 million contract to design the suit -- the Axiom Extravehicular Mobility Unit in space jargon -- for the mission known as Artemis III
  • The spacesuit modeled by Stein featured a cover layer in all black with blue and orange trim which Axiom Space said was required to conceal the suit's proprietary design

US tells TikTok to snap ties with ByteDance to avert ban

The ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security....
  • Wall Street Journal and other US news outlets reported that the White House set an ultimatum: if TikTok remains a part of ByteDance, it will be banned in US
  • TikTok claims it has more than a billion users worldwide including over 100 million in the United States, where it has become a cultural force

Saudi-Iran pact should offer momentum toward peace in Yemen: UN

United Nations, United States--The surprise rapprochement between Saudi Arabia and Iran should offer momentum toward peace by the warring parties in...
  • The UN Secretary General's Special Envoy for Yemen Hans Grundberg appealed to the parties to the conflict to seize the opportunity of the breakthrough
  • The war in Yemen has since claimed hundreds of thousands of lives -- direct and indirect victims -- and displaced millions and pushed many into poverty

World Food Program warns funding gaps threaten Yemen food aid

In order to reinstate full food rations for millions in Yemen, the WFP has said that it requires more than...
  • WFP regional director Corinne Fleischer said that WFP's requirements for Yemen are $3 billion until the end of the year in order to revert to full ration
  • For almost nine years the war in Yemen has caused hundreds of thousands of deaths and has driven the country to the brink of famine

Iranians struggle with GPS disruption after Israel war

Tehran, Iran - The streets of Tehran have become a confusing maze for driver Farshad Fooladi amid widespread GPS disruption,...

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Top Hezbollah commander killed in Israeli strike on Beirut

The killing of Aqil was the second of a senior Hizbollah commander since the start of the war in Gaza,...

Israel pounds Lebanon as Hezbollah vows revenge for device blasts

Israel said it struck hundreds of targets in Lebanon, hours after Hezbollah's leader vowed to retaliate for two "unprecedented" rounds...

Hizbollah chief admits ‘unprecedented’ blow in device blasts

Israel has not commented on the attacks in which Hizbollah operatives' pagers and walkie-talkies exploded in supermarkets, on streets and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Elon Musk’s Starlink internet launches in war-scarred Yemen

Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
  • Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled.
  • Houthi official Mohammed al-Bukhaiti condemned the Starlink launch, linking it to "the war waged by America on Yemen".

Lebanon device blasts: what we know about deadly attacks

Hundreds of pagers and walkie-talkies used by Hezbollah exploded across Lebanon in unprecedented attacks this week, killing 37 people and...
  • Hundreds of pagers carried by Hezbollah operatives exploded at almost the same time
  • Exploding communication devices has killed 37 people and wounding more than 2,900 over two days

Latest batch of device explosions in Lebanon stoking fears of a full-blown war with Israel

A second deadly wave of unprecedented explosions in the strongholds of Lebanon's Hezbollah left it in disarray on Thursday, hours...
  • The latest batch of device explosions killed 20 people and wounded more than 450 others
  • Hezbollah said Israel was "fully responsible for this criminal aggression" and vowed revenge