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

Kuwait’s government resigns, three months after taking power

Three months after it was sworn in, Kuwait's government tendered its resignation in the wake of disputes with lawmakers, plunging...
  • The official news agency said that the prime minister submitted the cabinet's resignation to Crown Prince Sheikh Meshal al-Ahmad al-Jaber Al-Sabah,
  • The government was sworn-in in October with fighting corruption among its priorities, after the opposition reaped major gains in parliamentary elections

EU puts 37 more Iran officials and entities on asset, visa blacklist

The EU has already imposed sanctions on more than 60 Iranian officials and entities over the crackdown on protestors, including...
  • The bloc targeted the minister of sports and the command of the Revolutionary Guards in 12 regions of Iran in its fourth round of sanctions.
  • Hard-line lawmakers, senior state media officials and the head of the body setting the country's strict "morality" rules were also added to the list.

Microsoft to invest in OpenAI

Microsoft has extended its partnership with OpenAI.
  • The tech giant announced a "multiyear, multibillion dollar investment to accelerate AI breakthroughs"
  • OpenAI's ChatGPT became an internet sensation when it was released without warning in November

WHO seeks $2.5bn for health emergency responses in 2023

The World Health Organization appealed for US$2.54 billion for its work in 2023 to help millions of people facing health...
  • The WHO was currently responding to 54 health crises around the world, 11 of which were ranked as the highest-possible level emergency.
  • The United Nations has estimated that a record 339 million people worldwide will need some form of emergency assistance in 2023.

Rights group warns West Bank could be new Gaza with Israeli restrictions

"By making it harder for people to spend time in the West Bank, Israel is taking yet another step toward...
  • The regulations, which have faced waves of condemnation from the European Union and United States, have also been clouded by uncertainty.
  • Israeli has said the rules, which came into force in October, are aimed at clarifying the procedures surrounding West Bank entry.

Beirut blast probe suspended due to political pressure restarts

The August 4, 2020 explosion at the Beirut port killed more than 200 people and destroyed swathes of the capital....
  • "Judge Tarek Bitar has decided to resume his investigation," the official told AFP, adding that he ordered the release of five detained suspects.
  • Among those charged by Bitar were Lebanese general security director Abbas Ibrahim and state security chief Tony Saliba.

Iraqi central bank chief quits amid currency volatility

Iraq's prime minister said the country's central bank governor had been relieved of his duties as the local currency continues...
  • Analysts and officials say the drop in value coincides with efforts to make Iraq's banking system compliant with the international electronic transfer system.
  • Banks in the oil-rich country have an estimated US$100 billion in funds held at the US Federal Reserve.

Iran arrests three female journalists, say reports

Iranian authorities have arrested three female journalists in the past two days, local media said, amid protests triggered by the...
  • Authorities say hundreds of people, including members of the security forces, have been killed and thousands arrested.
  • A media report said the three women had been transferred to Evin prison, where many of those arrested in connection with the protests are being held.

Iranian women take center stage at Sundance film festival

"Joonam," a documentary about a three-generation family of Iranian women now living in Vermont, and "The Persian Version," a colorful...
  • The inclusion of "Shayda" and "Joonam" in Sundance's line-up follows four months of mass demonstrations in Iran over Mahsa Amini's death
  • Iran has arrested a number of celebrities from the country's film industry in connection with the protest movement

Billions still exposed to toxic trans fat, says WHO

GENEVA, SWITZERLAND - Efforts to eliminate industrially-produced fat have a long way to go with five billion people exposed to toxic...
  • The World Health Organization called in 2018 for harmful trans fatty acids to be wiped out by 2023.
  • They are thought to be responsible for around 500,000 premature deaths from coronary heart disease each year.

Saudi Falcons Club launches interactive pavilion for young enthusiasts

Riyadh, Saudi Arabia -- The Saudi Falcons Club has dedicated an interactive pavilion titled "Falconer of the Future" as part...

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World’s richest 1% gained $40 trn in a decade: Oxfam

Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...

Boeing guilty plea deal filed

The plea deal must be approved by a federal court judge.

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

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Bangladesh arrest total passes 2,500

What began as demonstrations against politicized admission quotas for sought-after government jobs snowballed into some of the country's worst unrest.
  • At least 174 people have died, including several police officers
  • A curfew was imposed and soldiers were deployed across the country

Paris prepares warm Olympics welcome — except for rats

While the Paris Olympics is set to be a festival of socializing and intermingling, city authorities are keen for visitors...
  • Boulevards and squares have been thoroughly spruced up, with many historic buildings given a makeover
  • "Where there were areas with lots of rats, we put traps in place ahead of the Games" - French Deputy Mayor

Asian markets drop as Biden drops out of White House race

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while...
  • Traders appeared to be unmoved by China's decision to cut interest rates
  • Developments out of Washington overshadowed optimism that the FED will cut interest rates as soon as September