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

Libya and Italy sign US$8bn gas deal as Europe searches for energy

The agreement was signed in the presence of Meloni and her host Abdulhamid Dbeibah, who heads the UN-brokered Government of...
  • Eni said it was the first major project in Libya since early 2000 and involved the development of two offshore gas fields
  • During her trip to Libya, Giorgia Meloni was expected to discuss the issue of migration amid rising numbers of irregular migrants from Libya to Italy

Turkey comes out with retaliatory travel alert for US, EU

Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran...
  • The US and major European countries have advised their citizens against attending mass events and to avoid tourist hotspots in Turkey
  • The Turkish foreign ministry's first travel advisory warned of "dangerous levels of religious intolerance and hatred in Europe"

Iran earthquake kills two, injures hundreds near border with Turkey

Iran's deadliest recorded quake was a 7.4-magnitude tremor in 1990 that killed 40,000 people in the country's north, injured 300,000...
  • The shallow quake hit the city of Khoy in West Azerbaijan province at 9:44pm (1814 GMT), the Seismological Center of the University of Tehran said
  • Iran sits astride the boundaries of several major tectonic plates and experiences frequent seismic activity

Syria hunger rates soar to record highs after decade of war: WFP

Hunger rates in Syria have escalated to record highs after more than ten years of brutal conflict, according to the...
  • The UN agency said child and maternal malnutrition are also "increasing at a speed never seen before," in more than a decade of war
  • According to WFP executive director David Beasley, if the international community does not step up to help Syrians, it risks facing "another wave of mass migration,"

Tunisians to vote in second round of poll for toothless parliament

A total of 262 candidates are competing for 131 seats from Tunisia's 161-member legislature, which was largely stripped of its...
  • The president sacked the government and froze parliament before dissolving it and changing the constitution, abolished the hybrid parliamentary system
  • Analysts predict low turnout again among Tunisia's 7.8 million eligible voters for the second round as major parties including Saied's arch-rivals

Syria refutes watchdog report of 2018 chemical attack

In the OPCW report, investigators said there were "reasonable grounds to believe" that at least one Syrian air force helicopter...
  • Syria and its ally Moscow say the April 7, 2018 attack was staged by rescue workers at the behest of the United States, which afterwards launched air strikes
  • The country denies the use of chemical weapons and insists it has handed over its stockpiles under a 2013 agreement, prompted by a sarin gas attack that killed 1,400 in Ghouta

Iran repels drone attack on military site in Isfahan

Claiming that it has repelled a drone attack on a military site, Iran's defense ministry said that an unsuccessful attack...
  • Iranian military officials did not elaborate on the activities at the targeted site, north of the city of Isfahan
  • The country has accused Israel of carrying out several covert actions on its soil, including an attack, according to Tehran, using a satellite-controlled machine gun

Flybe stops trading, cancels flights

Earlier it was a leader in the UK domestic flights sector.
  • "We are sad to announce that Flybe has been placed into administration," the airline tweeted.
  • The UK Civil Aviation Authority advised passengers booked with Flybe not to go to the airport.

Italy PM Meloni in Libya to discuss energy, migration

Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media...
  • Libya and Italy are key trade partners, particularly in energy, where Italian giant Eni plays a major role in tapping into Africa's largest known oil reserves.
  • Meloni was accompanied by Eni chief Claudio Descalzi, who is expected to sign a deal with Libya's National Oil Company.

New gun attack in east Jerusalem after synagogue mass shooting

An assailant shot and wounded two people in east Jerusalem, Israeli medics said, hours after a Palestinian gunman killed seven...
  • The mass shooting unfolded as a 21-year-old resident of Israeli-annexed east Jerusalem drove up to the synagogue and opened fire.
  • It came a day after one of the deadliest army raids in the occupied West Bank in roughly two decades.

Netanyahu announces plan to allow foreign reporters into Gaza

Israeli Prime Minister Benjamin Netanyahu announced on Sunday a plan to allow more foreign journalists to report inside Gaza with...

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Killing of the Palestinian movement’s chief Ismail Haniyeh “will not go unanswered”- Hamas

Palestinian president Mahmud Abbas said Wednesday the killing of Hamas chief Ismail Haniyeh was a "cowardly act" and urged Palestinians...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza official says 300 killed in Khan Yunis as army ends assault

"Since the beginning of the Israeli ground invasion of the eastern part of Khan Yunis province, the civil defence and...
  • The Israeli military launched the assault on July 22 to halt rocket fire from the area, which already saw heavy fighting earlier this year.
  • Last week, it said troops had retrieved the bodies of five Israelis from the area.

Israel army says 9 soldiers held over suspected abuse of detainee

The Israeli military said Monday nine soldiers were being held in a case of suspected abuse of a Palestinian detainee...
  • Israel's military has said its detention conditions are in line with international law
  • Several far-right Israelis, on hearing of the soldiers' detention, rushed towards Sde Teiman to show support

Hamas says Netanyahu ‘stalling’ ceasefire deal with new terms

A source with knowledge of the talks said last week that Israel's return with extra demands was "a recurring theme"...
  • The statement came after Egyptian, Qatari and US mediators met with Israeli negotiators in Rome on Sunday as international pressure for a ceasefire grows
  • US President Joe Biden outlined in late May what he called an Israeli initiative for a truce and hostage release deal, and this has become the basis for subsequent talks