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

Israeli forces kill 10, wound 80 Palestinians in occupied West Bank

Top Palestinian official Hussein Al Sheikh decried the incursion as a "massacre" and called for "international protection for our people"....
  • The Palestinian Red Crescent Society said its medics had treated 45 gunshot wounds and 250 cases of tear gas inhalation.
  • Since the start of this year, the Israeli-Palestinian conflict has claimed the lives of 55 Palestinian adults and children, including militants and civilians.

Syrian quake survivors shelter in crumbling Aleppo homes

Aleppo, once a major commercial hub, had already been battered by over a decade of war when the 7.8-magnitude quake...
  • With at least 432 fatalities, Aleppo accounts for nearly a third of all deaths in government-held parts of Syria, according to state media.
  • Officials and medics across the war-ravaged country, including in rebel-controlled areas, put the overall Syrian death toll at more than 3,600 people.

Israeli court sentences West Bank militant to 22 months in prison

Jerusalem--An Israeli military court on Tuesday sentenced Bassam al-Saadi, a senior member of Palestinian militant group Islamic Jihad in the...
  • Leader of Islamic Jihad in the north West Bank city of Jenin, Saadi was arrested and charged by Israel with supporting and transferring funds to a "terrorist" organisation"t
  • The August arrest led to threats by Saadi's Gaza-based organisation, triggering an Israeli offensive against Islamic Jihad

Lloyds bank profits dip

Profit after tax slid 6% to $6.0 billion last year.
  • Profit after tax slid six percent to £5.0 billion ($6.0 billion) last year from 2021, Lloyds said in a statement
  • The lender set aside £1.5 billion in provisions for borrowers defaulting on loans amid a cost-of-living sparked by rampant inflation

Asian markets drop as traders contemplate higher-for-longer rates

All three main indexes in New York plunged at least two percent Tuesday, with forecast-beating purchasing managers index data showing...
  • Traders are now awaiting the release of minutes from the Fed'slatest policy meeting hoping for an idea about officials' views on how much and how far to lift borrowing costs
  • Adding to the dark mood were downbeat 2023 projections from retail titans Walmart and Home Depot, who noted the impact of inflation and higher interest rates on consumer health

Centuries-old 77 stolen antiquities to be returned to Yemen

Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be...
  • New York state's justice department has been carrying out a vast campaign for several years to restore antiquities looted around the world
  • The Yemeni government and the museum have signed an agreement to preserve the objects for two years, with the option of renewing it at Yemen's request

Syrian family adopts ‘miracle baby’ born under rubble in quake

Jindayris, Syria--Born an orphan under the rubble in north Syria after a devastating earthquake, Afraa al-Suwadi has been given a new...
  • Suwadi's story has captivated a grieving nation and made international headlines as Syria's "miracle baby"
  • Relatives had pulled her from the wreckage still tied to her deceased mother by the umbilical cord

Algeria arrests four over dissident who fled to France

Algeria accused France of assisting her "clandestine and illegal exfiltration" via Tunisia, sparking a diplomatic row between Algiers and its...
  • Bouraoui, 46, a doctor, was arrested on February 3 in Tunisia and faced deportation to neighbouring Algeria, but flew to France on February 6
  • A prisoners' rights group said Bouraoui's 71-year-old mother had also been detained but later released under judicial supervision

Iran hits back at EU and Britain, imposes retaliatory sanctions

Taking retaliatory action for imposition of sanctions against the Islamic Republic, Iran has slapped 36 individuals and entities from the...
  • Iran imposed on several military companies as well as ministers and lawmakers from various European countries
  • The EU on Monday imposed asset freezes and visa bans on Iran's education and culture ministers -- part of a targeting of 32 individuals and two entities

Iran court sentences German-Iranian man to death

TEHRAN, IRAN - A Tehran court Tuesday sentenced to death an Iranian-German dual national accused of being the leader of...
  • Iran-born Sharmahd, 67, who is also a German national and a US resident, was arrested in August 2020.
  • Iran has carried out several executions in recent months that have sparked international outcry

Plastic pollution treaty talks in disarray as dozens of countries reject draft text

Geneva, Switzerland - Attempts to finalise a landmark treaty combating plastic pollution descended into disarray on the penultimate day on...

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In rare move, UAE accepts Taliban government ambassador

It became just the second country after China to do so. The UAE said it was committed to "building bridges"...

US Fed chair expected to signal support for rate cuts

The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial...

The Gaza mothers separated from their newborns by war

Jerusalem, Undefined - As their first birthday approaches, the triplets Gaza-native Hanane Bayouk gave birth to in Jerusalem before the war...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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India’s Modi urges peace ahead of historic Ukraine visit

"It is India's strong belief that no problem can be resolved on a battlefield," Modi said in Poland, a staunch...
  • Modi is expected to use his landmark visit to campaign for a "peaceful" solution
  • Modi added his country supported "dialogue and diplomacy for restoration of peace and stability"

Israel kills top Palestinian militant as Gaza truce talks stumble

The Israeli military killed a senior Palestinian militant in Lebanon on Wednesday, leading to accusations from the Fatah movement that...
  • The strike killed Khalil Maqdah, described by Fatah as "one of the leaders"
  • Israeli bombardment elsewhere in Gaza killed at least 24 people on Wednesday

Iran probe finds Raisi helicopter crash caused by weather: media

Iran's army in May similarly said it had found no evidence of criminal activity in the crash that also killed...
  • The helicopter carrying 63-year-old Raisi crashed on a fog-shrouded mountainside in northern Iran, killing the president and seven others, and triggering snap elections
  • Fars news agency, quoting an informed security source with knowledge of the conclusions of the probe, said overloading was also behind crash