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

Apple to invest additional $100 bn in US: White House

Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to...

Saudi fans flood stores to buy Ronaldo shirts after Al Nassr deal

An unprecedented rush at the Al Nassr kit store started as soon as reports of the deal were leaked to...
  • Ronaldo on Friday signed for Al Nassr until June 2025 in a deal believed to be worth more than $200 million
  • The football star heads to the Gulf after a year that saw him relegated to the bench for Portugal and cut adrift by Manchester United

IS claims deadly attack in Egypt Suez Canal city

Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt,...
  • Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt
  • In the past few years, attacks against Egyptian security forces have been concentrated in the Sinai, where fighters affiliated with IS operate

Morocco to forbid entry to travelers from China over Covid spread

the Moroccan foreign ministry said in a statement that authorities in the North African country "decided to forbid access to...
  • Nations, including France, Britain and Morocco's cross-strait neighbor Spain, have said they will require negative Covid tests for all travelers from mainland China
  • China said in December that it would end mandatory quarantine for people arriving in the country and that it had abandoned strict measures to contain the virus

Croatia embraces euro, joins borderless Europe club

Experts say the adoption of the euro will help shield Croatia's economy at a time when inflation is soaring worldwide...
  • At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone
  • EU chief Ursula von der Leyen will visit Croatia later Sunday to mark the momentous occasion

US judge orders cruise lines to pay nearly US$450m for using Cuba port

Washington, United States--Four cruise lines have been sentenced by a US judge to pay a total of nearly $450 million for...
  • The ruling Friday by a federal judge in Florida requires the Carnival, MSC SA, Royal Caribbean and Norwegian lines to pay $109 million each, plus court costs, to Havana Docks
  • The cruise lines had argued that the Obama administration had authorized their travel to Cuba and that they fell under a "lawful travel" exception

North Korea’s leader calls for ‘exponential increase’ in nuke arsenal

North Korea's Kim Jong Un has called for a major increase in the country's nuclear arsenal, including mass producing tactical...
  • North Korea capped its record-breaking year of launches by firing three short range ballistic missiles early Saturday, and conducting another rare late-night launch
  • The end-of-year plenary meetings are typically used by the regime to unveil the country's domestic and foreign policy priorities for the year ahead

World leaders rue loss of former Pontiff Benedict XVI

Russia's President Vladimir Putin said he was "an eminent religious and state figure, a convinced defender of traditional Christian values".
  • France's President Emmanuel Macron said the ex-pope "strove with soul and intelligence for a more brotherly world"
  • Germany's Chancellor Olaf Scholz hailed the German former pontiff as a "special church leader" who helped shape the Catholic church

Former Pontiff Benedict XVI dead at the age of 95

Former pope Benedict XVI has died at the age of 95, the Vatican announced almost a decade after he became...
  • "With sorrow I inform you that the Pope Emeritus, Benedict XVI, passed away today at 9:34 in the Mater Ecclesiae Monastery in the Vatican," Vatican spokesman Matteo Bruni said
  • His health had been declining for a long time, but the Vatican revealed on Wednesday that his situation had worsened, while Francis called for Catholics worldwide to pray for him

Iran protester on death row granted retrial, says judiciary

TEHRAN, IRAN  - Iran's top court has ordered the retrial of a third man reportedly sentenced to death over nationwide protests,...
  • The Islamic republic has been rocked by protests since the September 16 death in custody of Mahsa Amini.
  • Iranian officials say hundreds of people have been killed in the unrest, including members of the security forces, and thousands have been arrested.

UN General Assembly refers Israeli occupation to ICJ in Hague

United Nations, US--The UN General Assembly on Friday asked the International Court of Justice to consider consequences for Israel over its...
  • The General Assembly voted 87-26 with 53 abstentions on the resolution, with Western nations split but virtually unanimous support in the Islamic world
  • The United States, Britain and Germany opposed the resolution, while France abstained

Tourists drawn to Oman’s giant sinkholes

The sinkholes are marketed as a tourist attraction in Dhofar, whose temperate climate draws many visitors from the Gulf during...

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Fighting rages in Gaza City’s Shujaiya for fourth day

A Hamas official in Lebanon, Osama Hamdan, confirmed that the Islamist movement had received the latest proposal but said it...

Short fuses in Egypt as blackouts stretch into sweltering summer

Cairo, Egypt -- At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet....

Israel carrier says Turkish workers refused to refuel plane

Jerusalem, Undefined -- Israel's national carrier El Al said Sunday its Warsaw to Tel Aviv flight was not allowed to refuel...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas official says ‘nothing new’ in US Gaza proposals

Hamas insists on a permanent ceasefire and a complete withdrawal of Israeli forces from the Gaza Strip. Hamdan said the...
  • A plan presented last month by President Biden, which he said was proposed by Israel, included a six-week truce accompanied by an Israeli withdrawal from densely populated areas
  • Israeli Prime Minister Benjamin Netanyahu has said he will continue the war until Hamas is totally defeated and all hostages are freed

Fighting for third day in north Gaza as thousands displaced

Palestinian Territories -- Explosions, air strikes and gunfire rattled northern Gaza on Saturday, the third day of an Israeli military...
  • An AFP correspondent reported ongoing explosions from the Shujaiya area near Gaza City, with a resident saying bodies were visible on the streets.
  • The United Nations humanitarian agency OCHA estimated that "about 60,000 to 80,000 people were displaced" from the area this week.

European Union chief in Egypt for joint investment conference

"At this conference, European companies are signing over 20 new deals ... which are worth over 40 billion euros," Ursula...
  • The strategic partnership deal provides the financial support in exchange for boosting energy sales to Europe and stemming migration.
  • Egypt, the Arab world's most populous nation, is in dire need of financial help as it weathers a severe economic crisis marked by rapid inflation.