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

Israel slams ejection of envoy from African Union summit

Israel condemned the "severe" expulsion of a senior diplomat from the African Union summit, accusing Iran of orchestrating the move...
  • A spokesman for the Israeli foreign ministry described the incident as "severe," noting Bar-li was "an accredited observer with an entry tag".
  • African states should "oppose these actions, which harm the African Union movement and the entire continent," the spokesman added.

Tunisian trade union protest against plunging economy

SFAX, TUNISIA - Thousands of Tunisian trade unionists held protests across the country on Saturday over worsening economic woes and the...
  • The North African country is in drawn-out talks with the International Monetary Fund for a bailout loan
  • Demonstrators in Sfax, where the largest protest took place on Saturday, chanted "Tunisia is not for sale!"

‘Suspected IS attack in Syria death toll rises to 68’

The death toll from an attack blamed on the Islamic State group in Syria has risen to 68, a war...
  • The attack takes the total number murdered in suspected IS attacks in the Syrian desert to 90 since February 10.
  • The monitor said that IS was taking advantage of the annual harvest of the desert fungus delicacy.

Ukraine and IMF reach deal paving way for ‘full-fledged’ loan

Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged...
  • The government submitted a package of draft tax laws to Parliament aimed at lifting revenues, and is taking steps to address arrears, among other efforts
  • Apart from the IMF's work with Ukraine, the World Bank has also mobilized over $18 billion in emergency financing for the country

Turkey quake fuels conspiracy posts on US antenna station

Scientists have for years been refuting claims that the High-frequency Active Auroral Research Program (HAARP), with its Alaska facility boasting...
  • The series of earthquakes that struck Turkey and Syria on February 6, gave rise to a new conspiracy theory on social media in various languages
  • Some recent ones suggested the aim is to create climate change so that authorities can restrict people's activities or even reduce the population

More than 50 killed in Syria attack blamed on Islamic State

In one of the deadliest attacks carried out by the IS this year, some 53 people were killed on Friday...
  • Syrian Observatory for Human Rights also reported the attack, which it said was carried out by jihadists on motorcycles who opened fire on the truffle hunters
  • The UN has said that despite setbacks, the jihadist group has "maintained its ability to launch attacks at a steady pace"

Blast wounds four US troops in Syria, IS leader killed, says military

WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group...
  • US leads an international coalition battling IS and conducts periodic raids and strikes targeting the group.
  • The US troops and the dog are being treated at an American medical facility in Iraq.

Saudi reports add to Manchester United takeover intrigue

London, United Kingdom--Saudi Arabia has joined the race to buy Manchester United ahead of Friday's bid deadline, according to a report...
  • Saudi joined the race to buy Manchester United, according to a report in Britain's Daily Telegraph, raising the stakes in what could be the most lucrative deal in sports history.
  • There have been suggestions of a possible Qatar bid, with The Guardian reporting the state's ruler, Sheikh Tamim bin Hamad Al-Thani, was interested in buying United.

Tunisian footballer reaches Italy on migrant boat, says club

TUNIS, TUNISIA -  A goalkeeper at a top-flight Tunisian football club has reached Italy as a clandestine migrant, his club said...
  • Tunisia is struggling with a grinding economic crisis that has seen a growing wave of clandestine migration attempts in recent months.
  • Rome says over 32,000 migrants, including 18,000 Tunisians, reached Italy from Tunisia last year.

Building safety in focus as deadly quake renews alarm for Istanbul

Seismologists warn that a massive earthquake is likely to strike Turkey's biggest city -- officially home to 16 million people...
  • Independent urban scholar Murat Guney said carnage can be avoided if the government has the political will to relocate people from shoddy buildings filling the city's shanty towns.
  • Guney said Istanbul had around 1,166,000 residential buildings but 70 percent of these constructed before 1999 quake when no quake inspections were conducted.

Perplexity AI offers Google $34.5 bn for Chrome browser

San Francisco, United States -- Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which...

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US says Iran responsible for Trump campaign hack

The statement from the Office of the Director of National Intelligence (ODNI), the Federal Bureau of Investigation (FBI), and the...

Blinken says Israel backs US proposal in ‘last’ chance for Gaza truce

Blinken, on his ninth visit to the Middle East since Hamas's October 7 attack triggered the war with Israel, said...

Video gamers set for world’s biggest trade show, likely to generate $180bn

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Putin in Azerbaijan for state visit amid Ukraine offensive on Russian soil

Aliyev and Putin will sign joint documents and make statements to the press, said Russian agency Ria Novosti. On Monday,...
  • His visit to the Caucasus country, a close partner of Moscow, comes against the backdrop of an unprecedented Ukrainian military offensive on Russian soil
  • Putin is due to hold talks with his Azerbaijani counterpart Ilham Aliyev on bilateral relations and "international and regional problems," the Kremlin said

Social media platform X to shutter local operations in Brazil

Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the...
  • A post Saturday from X's Global Government Affairs department said Moraes had "threatened our legal representative in Brazil with arrest if we do not comply with his orders."
  • It said the office closure was necessary "to protect the safety of our staff," adding, "the responsibility lies solely with Alexandre de Moraes."

Unnerved and exposed, Trump struggles to regain campaign mojo

Washington, United States - Donald Trump has never lacked for self-confidence, but his presidential campaign has been sent into a tailspin...
  • President Biden's exit has been particularly impactful, removing a rival whose 81 years, faltering speech and physical frailties had largely shielded Trump from scrutiny
  • Now it is Trump, 78, who is the oldest presidential nominee in history, and the point of comparison is a 59-year-old former prosecutor who has come out fast and swinging