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

Jordan’s king meets Israeli PM Netanyahu in Amman

Jordan's King Abdullah II hosted Israeli Prime Minister Benjamin Netanyahu in Amman in a rare meeting after years of strained...
  • Jordan in 1994 became the second Arab country to recognize and sign a peace treaty with neighboring Israel, after Egypt.
  • Prime Minister Benjamin Netanyahu's office said the Israeli leader discussed "regional issues" and bilateral ties with the Jordanian king.

Twitter sued over ‘unpaid rent’ on London office

Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices....
  • Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October 2022.
  • Musk sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the firm.

Lebanese prosecutor general charged in Beirut port blast

Ghassan Oueidat had in 2019 overseen a security services investigation into cracks in the warehouse where the ammonium nitrate was...
  • Judge Tarek Bitar charged Lebanon's top prosecutor Oueidat and the three judges, with "homicide, arson and sabotage".
  • One of history's biggest non-nuclear explosions destroyed most of Beirut port and surrounding areas on August 4, 2020.

Israel doubts remain despite UAE Holocaust education

Dubai's Holocaust Gallery is the only permanent exhibition on Arab soil about Nazi Germany's genocide of European Jews.
  • Arab nations generally have generally been reluctant to tackle Holocaust as it was a key factor leading to the 1948 creation of Israel and expulsion of Palestinians.
  • "Those who had suffered injustice should protect those who suffer injustice -- and not act unjustly," reads a message in the visitors' book in Dubai gallery.

France repatriates 15 women, 32 children from Syrian jihadist camps

The children returned to France on Tuesday were at the Roj camp in northeast Syria under Kurdish administration, about 15...
  • Rights groups have been pressing for years for France to take back the wives and children of fighters held in the camps since the IS group was ousted from the country in 2019
  • The lawyer who published the UN torture committee ruling, Marie Dose, said 150 French women and children were being held in the Syria camps before Tuesday's repatriation

Ford to cut jobs in Germany

The US auto giant will cut 3,200 jobs in the European country.
  • Spokesman of IG Metall union told that the cuts will be mainly in Cologne, where Ford has a major plant, but all sites across Germany are threatened
  • Ford's German workers can continue to develop successful electric models for Europe if given the chance, the union said

Iran vows response to new EU, UK sanctions over protests

The EU and Britain on Monday slapped another round of sanctions on Iran which has been rocked by protests since...
  • Iran's warning of tit-for-tat measures comes after relations deteriorated sharply, with the EU and Britain ramping up sanctions over the country's response to the protests
  • The EU imposed its fourth round of sanctions against Tehran since the protests started, placing 37 more Iranian officials and entities on an asset freeze and visa ban blacklist

Musk tells jury buying Tesla at $420 a share was no joke

The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of...
  • The fraud trial of Musk revolves around a pair of tweets in which Musk said "funding secured" for a project to buy out the Tesla private
  • Musk attorney Alex Spiro said that even though the tweets may have been a "reckless choice of words", they were "not fraud, not even close."

UN faults climate change for jump in human trafficking risks

The UN drugs agency noted that an increase in cases of human trafficking had been observed in Bangladesh and the...
  • The continuing war in Ukraine is also another risk factor for increased human trafficking, UNODC said
  • The UN report is based on data from 141 countries collected from 2017 to 2020, and the analysis of 800 court cases

Algeria and Italy agree to strengthen energy cooperation

Algiers, Algeria--Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter Algeria, the latest European...
  • Italy has increasingly looked to Algeria, historically its second-biggest supplier via a pipeline through Tunisia and under the Mediterranean Sea, to help reduce that dependence
  • Meloni said that Italy is "inevitably the gateway for access for this energy and for Europe's supply"

Salah criticizes UEFA for ‘Palestinian Pele’ tribute: ‘Tell us how he died’

Obeid, 41, was killed on Wednesday when Israeli forces "targeted people waiting for humanitarian aid in the southern Gaza Strip", the...

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UAE urges ‘temporary international mission’ for post-war Gaza

Washington has said repeatedly that it opposes post-war government of Gaza by either Israel or Hamas and has called for...

Palestinian and Jewish protesters stage rare peace march

Chanting "yes, to peace, yes, to a deal", hundreds of Palestinian and Jewish Israelis marched noisily through Tel Aviv on...

Netanyahu, Biden to meet on elusive Gaza deal

Joe Biden will press Benjamin Netanyahu on Thursday to seal a Gaza ceasefire deal, despite the US president's shock election...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Boeing guilty plea deal filed

The plea deal must be approved by a federal court judge.
  • The plea deal must be approved by a federal court judge and it includes an additional $243.6 million to be paid by Boeing on top of a previous fine of the same amount
  • Boeing conspired to defraud US air traffic safety regulators about the Max 737 while the aircraft was being certified, according to the filing

In fuel-guzzling Saudi Arabia, electric cars pique interest

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his...
  • Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars.
  • Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom.

‘We love life’: Gaza’s war-weary footballers play on

For fans and players, Tuesday's match in the Jabalia refugee camp was a welcome distraction from the pangs of hunger...
  • For the footballers, the match offered a rare escape from concerns about food and water shortages
  • Jabalia was hit particularly hard in an Israeli offensive launched in May