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

Indian Adani empire strikes back after fraud report

The slump in the company's stocks was sparked by a report by US short-seller investment group Hindenburg Research that alleged...
  • Last week's slump saw Adani -- who is seen as close to Prime Minister Narendra Modi -- tumble from third on the Forbes real-time rich list
  • On Monday the 60-year-old was at 11th position in the ranking, which put his wealth at $90.7 billion, below fellow Indian tycoon Mukesh Ambani

Toyota stays top automaker

It retained lead over the rival Volkswagen for the third year.
  • In spite of the chip shortage and Covid-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 million vehicles last year
  • The automaker pioneered hybrid cars, but some critics say the company has been slow to make the shift to battery-powered engines even as demand soars

Israel to penalize attacker’s family as violence rages

Israeli government announced that the home of a 13-year-old boy who shot two Israelis would be sealed off even though...
  • Israeli government is planning to rescind the rights to social security benefits of attackers' relatives and has also considered easing access to guns for Israeli civilians
  • Emmanuel Macron urged all parties to avoid feeding a "spiral of violence" during a telephone call on Sunday with Israeli Prime Minister

ECB to hike rates again, but outlook brightens

Most analysts expect a 50-basis point hike in March but, with inflation starting to ease, there are already signs of...
  • ECB president Christine Lagarde has repeatedly stressed rates will continue to rise at a steady pace, and the bank is expected to agree on a 50-basis point hike Thursday
  • ECB board member Fabio Panetta, known for his dovish stance, said the bank should not commit to any particular hike beyond the forthcoming meeting

Reed in fresh controversy over ball in palm tree

The golf player ended up making a bogey in a three-under par round of 69 as he ended the day...
  • The American was embroiled in yet another rules controversy during Sunday's third round of the $9 million Dubai Desert Classic
  • A social media post suggested that television replays showed Reed's ball disappearing into an adjacent tree

Air strikes hit convoy crossing into eastern Syria from Iraq

A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the...
  • Iran provides military support to its ally Damascus in Syria's civil war, including through armed factions
  • In the past a US-led coalition fighting the remnants of the Islamic State group in Iraq and Syria has carried out strikes on pro-Iran fighters in Syria.

Pope condemns surge in Middle East violence, urges peace

Francis, 86, cited 10 Palestinians, including a woman, killed in an Israeli army raid on a refugee camp in the...
  • "The death spiral that increases day by day only closes the few glimmers of trust that exist between the two peoples," said the pope
  • "Since the beginning of the year, dozens of Palestinians have been killed in clashes with the Israeli army," said the pope

Blinken seeks to lower tension during Middle East trip

US Secretary of State Antony Blinken arrived in Egypt at the start of a Middle East trip on which he...
  • The United States, with its close relationship to Israel, has historically taken a lead on Middle East diplomacy.
  • Blinken will meet Israeli Prime Minister Benjamin Netanyahu and Palestinian leader Mahmud Abbas

Israel seals home of Palestinian behind Jerusalem shooting

Israel announced a slew of steps late Saturday, including revoking the rights to social security of "the families of terrorists...
  • Israel already demolishes the homes of Palestinians who kill Israelis, although they ought to be given prior notice be given to families and the chance to appeal the decision.
  • Israel's security cabinet said there will also be a discussion Sunday over a bill to revoke Israeli identity cards from the relatives of attackers.

UAE climate talks should focus on action, not visions: Ban Ki-moon

The South Korean diplomat, who co-chairs the Ban Ki-moon Centre for Global Citizens, was in the UAE this weekend to...
  • The last UN climate talks held in Egypt agreed on a landmark deal to create a "loss and damage" fund to cover the costs that developing countries face from climate disasters.
  • Ban urged the COP28 presidency to consider "harmonization" between adaptation and loss and damage.

Trump says to move homeless people ‘far’ from Washington

President Donald Trump said Sunday that homeless people must be moved "far" from Washington, after days of musing about taking...

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Iran to hold funeral for Hamas chief Ismail Haniyeh

Khamenei, who has the final say in Iran's political affairs, said after Haniyeh's death that it was "our duty to...

UNSC to hold emergency meeting over Hamas chief’s killing

The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for...

World Rally Championship to add Saudi Arabia race to calendar

Paris, France -- World Rally Championship announced Wednesday that it will add races in Saudi Arabia, the Canary Islands and Paraguay...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas chief Ismail Haniyeh killed in Tehran: Iran’s Revolutionary Guards

"The residence of Ismail Haniyeh, head of the political office of Hamas Islamic Resistance, was hit in Tehran, and as...
  • Haniyeh arrived in Tehran on Tuesday to attend the inauguration of Iran's new President Masoud Pezeshkian in parliament
  • Tuesday's swearing-in ceremony came amid concerns of war between Israel and Lebanon's Hizbollah following a Saturday rocket attack on the Israeli-annexed Golan Heights

Israel says ‘eliminated’ Hizbollah commander Fuad Shukr in Beirut strike

"Fuad Shukr was the commander responsible for the Majdal Shams massacre, in which 12 children were murdered after Hizbollah fired...
  • He was responsible for the majority of Hizbollah's most advanced weaponry, including precise-guided missiles, cruise missiles, anti-ship missiles, and UAVs, Israeli military said
  • While Israel wanted to end hostilities without any wider war with Hizbollah, its forces were ready for "any scenario, Israeli military spokesman Daniel Hagari said

BP H1 profits down 79%

Revenue dropped 8 percent to $98 billion in the same period.
  • BP said increased volume and lower exploration write-offs were "partly offset by increased depreciation charges and higher costs".
  • The group earlier this month flagged to markets that its latest earnings would take a sizeable hit from a cut to oil refining in Germany.