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

Syria’s White Helmets rescuers urge international quake help

First responders from the group that was formed a decade ago to save the lives of civilians during Syria's civil...
  • Their volunteers include 3,300 young men and women, including 1,600 dedicated to search and rescue operations.
  • AFP correspondents across the war-ravaged country said rescue workers and residents have had to sift through the rubble with their bare hands.

Volkswagen posts profit

Its operating profit rose by 12.5 percent to $24 billion.
  • Earnings rose despite a drop in sales, with Volkswagen reporting at the beginning of the year a seven percent drop in the number of vehicles sold in 2022
  • Volkswagen had forecast an increase of between 8.0 and 13.0 percent

US to work with partners to support Syria with aid but not Assad

Washington, United States--The United States said Tuesday it was working with partners to provide earthquake relief in Syria but would stand...
  • The US has refused normalization of relations with Syrian President Bashar al-Assad or any direct reconstruction aid
  • Stephen Allen, who is leading the response on the ground for the US Agency for International Development, said that most of the damage was in areas not under Assad's control

UN states spar over Syria chemical attack report

Damascus denies the use of chemical weapons and insists it has handed over its stockpiles under a 2013 agreement, prompted...
  • The Organization for the Prohibition of Chemical Weapons (OPCW) blamed Damascus for the strike on the rebel-held town of Douma, which killed 43 people
  • The OPCW report said there were "reasonable grounds to believe" that at least one Syrian air force helicopter had dropped two cylinders on the town

Aleppo buries its dead as rescuers look for survivors in rubble

Soldiers, rescuers and residents of Aleppo's Bustan al-Qasr neighborhood used pickaxes and shovels to free survivors trapped under the debris...
  • The region's worst earthquake in over a century has killed more than 6,200 people, at least 1,712 of them in Syria
  • Aleppo, with at least 290 fatalities, has accounted for more than a quarter of all deaths in government-held areas, Syrian state media said

Iraq’s Kurdistan restarts oil exports through Turkey after quake

A day after the powerful earthquake devastated Turkey and Syria, Iraq's autonomous Kurdistan region has said that it resumed oil...
  • The northern region usually exports around 450,000 barrels of oil a day through Turkey
  • Authorities had said exports through Turkey's Ceyhan port would resume after inspection of pipelines

UAE, Saudi Arabia pledge quake relief to Syria, Turkey

Saudi Arabia on Tuesday ordered the King Salman Humanitarian Aid and Relief Centre "to provide health, shelter, food and logistical...
  • The oil-rich UAE - which had already pledged some $13.6 million to Syria - is spearheading regional relief efforts, having dispatched planes to both countries with relief items
  • Fellow Gulf country Saudi Arabia, which severed diplomatic ties with Syrian President Bashar al-Assad's regime in 2012, also said it would provide assistance

US trade deficit widens in 2022 to record on strong imports

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping...
  • This marks the biggest deficit in government data dating back to 1960.
  • In December, the trade deficit expanded $6.4 billion to $67.4 billion, said the Commerce Department.

Stocks steady, dollar higher on US rate-hike expectations

Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's...
  • January's rally for equities was halted as investors contemplate an extended period of high borrowing costs.
  • Leading Asian stock markets and London managed gains Tuesday after all three main indices on Wall Street kicked off the week with losses.

Morocco hands migrants more jail time over Melilla tragedy

Rabat, Morocco--A Moroccan appeals court has increased the prison sentences of eight migrants over a deadly attempted crossing into the...
  • A court increased the sentences of three migrants to four years in prison, and three years for five others".
  • The charges against them include illegal entry to Morocco, "disobedience" and "damaging public property".

Lebanese craftsman keeps up tradition of tarboosh hat-making

Tripoli, Lebanon -- Nestled among shops in a bustling market in north Lebanon's Tripoli, Mohammed al-Shaar is at his workshop...

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Former YouTube CEO Susan Wojcicki dies of cancer aged 56

San Francisco, United States - Tech pioneer and former YouTube chief Susan Wojcicki, who played an instrumental role in the rise...

‘Children torn apart’: Israel strike rains hell on Gaza dawn prayers

Dawn prayers were shattered by the early morning triple air strike from Israeli warplanes, which gutted Al-Tabieen religious school and...

Imane Khelif – boxer in gender row and now Olympic champion

A strong athlete, she played football with the boys in her village of Biban Mesbah, but beating them in matches...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel agrees to resume Gaza truce talks next week

A prospective cessation of hostilities also involving the release of hostages held in Gaza and scaled-up aid deliveries has centred...
  • After a week-long pause in November, US, Qatari and Egyptian mediators have endeavored to secure a second truce in the 10-month-old war
  • Netanyahu's office said later Thursday Israel would send a negotiating team on August 15 "to the agreed place to conclude the details of implementing a deal."

Apple makes changes to App Store after EU warning

From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...
  • The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay
  • This makes Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act

Flying’s never been safer, risk of death halving every decade: MIT study

Washington, United States -- Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds...
  • The fatality rate fell to 1 per every 13.7 million passenger boardings globally in the 2018-2022 period, a major improvement from 1 per 7.9 million boardings in 2008-2017.
  • The last major commercial airline disaster in the United States was in 2009, when Colgan Air flight 3407 crashed, killing 50 people.