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

Lawyers protest in Tunisia against new taxes on legal services

Tunis, Tunisia - Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023...
  • Led by Bar Association head Hatem Mziou, lawyers gathered outside the Palais de Justice in Tunis as well as other sites, after the association called for a "day of rage".
  • The budget, unveiled last week, imposes new taxes to claw the North African country's deficit back to near five percent of GDP, as it awaits an international bailout.

Saudi Arabia gets first female international football referee

RIYADH, SAUDI ARABIA - Saudi Arabia's first female international referee was appointed by FIFA on Thursday, less than a year after...
  • Opportunities have started to open up in women's sport including a women's football league that started in November 2021.
  • Saudi Arabia has applied to hold the Women's Asian Cup in 2026 and is the sole bidder for the men's version in 2027.

Erdogan asks Putin to announce ‘unilateral’ ceasefire in Ukraine

Erdogan's call for a ceasefire followed a proposal earlier Thursday by Russia's spiritual leader Patriarch Kirill for an Orthodox Christmas...
  • The Turkish leader has used his good relations with both Moscow and Kyiv to try and mediate an end to the war.
  • Erdogan has been able to maintain good relations with Putin by refusing to join Western sanction on Russia.

UAE leads arrest of the ‘most wanted’ Eritrean trafficker

Kidane Zekarias Habtemariam has been accused of being a smuggling kingpin, running a camp in Libya where hundreds of East...
  • The Eritrean, on Interpol's radar since 2019, earned a reputation for "particularly cruel and violent treatment of migrants", Interpol said.
  • Habtemariam was arrested in Ethiopia in 2020 but escaped custody after one year and was later sentenced in absentia to life in prison.

Lebanon charges seven for Irish UN peacekeeper killing

Lebanon has charged seven people for participating in an attack against United Nations peacekeepers that killed one Irish soldier in...
  • UNIFIL urged Lebanon to ensure a swift investigation, the first violent death of one of its peacekeepers in nearly eight years.
  • UNIFIL, made up of some 10,000 peacekeepers, has been deployed since 1978 to act as a buffer between Lebanon and Israel.

Turkey’s bickering opposition seeks unity against Erdogan

The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by...
  • The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by the government, Western diplomat said
  • Rumors are swirling that Erdogan may push forward the election to late April or early May, giving the opposition even less time to prepare

Stellantis to build electric ‘air taxis’ with Archer

Called Midnight, the vehicle looks like a small plane with several rotors on its wings and is designed to make...
  • Stellantis will invest up to $150 million in Archer and its vertical takeoff and landing aircraft (eVTOL) designed to carry four passengers in addition to the pilot
  • The two groups had previously partnered in 2021 but on a more limited scale, with Stellantis expected to provide technical assistance and access to its supply chain

Amazon CEO says 18,000 jobs to be cut from workforce

Washington, United States--Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the...
  • The CEO Andy Jassy said the company's leadership was "deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly
  • She said some of the layoffs would be in Europe, adding that the impacted workers would be informed starting on January 18

Japan tuna price soars past $270,000 at New Year auction

Michelin-starred sushi restaurant Onodera Group and Japanese wholesaler Yamayuki forked out 36.04 million yen ($273,000) for the 212-kilo bluefin tuna...
  • The New Year auction is highly anticipated, and securing the top-priced tuna offers bidders bragging rights
  • For years, the top bid came from self-proclaimed "Tuna King" Kiyoshi Kimura, who paid a record $3.1 million in 2019

Israel justice minister presents controversial court reforms

After November elections, Prime Minister Benjamin Netanyahu returned to power last week, heading what analysts call the most right-wing government...
  • The key reform proposed, the "derogation clause", would allow parliament to annul a decision of the Supreme Court with a simple majority vote
  • Analysts say such a clause would also allow lawmakers to uphold any annulment of the corruption charges against Netanyahu

A day after Hezbollah’s rebuff, Lebanon cabinet meets again on the group’s disarmament

With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut...

Company News

Latest News

Iraqi armed groups say ready to fight Israel if Lebanon war breaks out

Baghdad, Iraq - As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready...

Syrian-based armed Iraqi groups ready to fight Israel to support Lebanon if war breaks out

As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready to enter...

Pro-Palestinian group scales Australia’s parliament

Sydney, Australia - Protesters scaled Australia's national parliament on Thursday, unfurling banners reading "Palestine will be free", and accusing Prime Minister...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Dubai-based rowers brave Arctic this July to highlight plastics pollution

At an indoor pool in Dubai, three rowers battle artificial rain and simulated waves as they train for an Arctic...
  • They plan to row for three weeks aboard an eight-meter boat flying the UAE flag, with no sail or engine
  • The United Nations says plastics account for 85 percent of all marine trash

Tesla auto deliveries beat expectations

Electric carmaker Tesla saw its shares surge on Tuesday.
  • Tesla said it delivered around 444,000 vehicles worldwide in the April-June period, exceeding consensus estimates compiled by FactSet
  • Of the total figure, 422,405 involved Model 3 and Model Y vehicles. Tesla gave no detailed breakdown of the other autos delivered

Israel will not allow ‘winds of defeatism’ in Hamas war: Netanyahu

After a visit to troops on Monday, he said: "I saw very considerable achievements in the fighting being carried in...
  • After the October 7 attacks by Hamas, Netanyahu's right-wing government vowed to destroy Hamas and return all hostages seized during the deadly incursion by the Palestinian group
  • Netanyahu made his new vow of victory after the New York Times quoted sources as saying Israel was ready to make a deal without reaching all its goals