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

Full occupation of Gaza looms as Israel orders army to execute any decision

The Israeli press, citing officials, has predicted an escalation of operations, including in densely populated areas where hostages are believed...

Eighteen trapped in Xinjiang gold mine collapse

A total of 40 people were working underground at the mine in Yining county, about 100 kilometers (60 miles) from...
  • A total of 40 people were working underground at the mine in Yining county at the time of the collapse Saturday afternoon
  • Mine safety has improved in recent decades, as has media coverage of major incidents, many of which were once overlooked

Turkey says Ukraine war ‘will not end easily’

Turkey, which helped broker a deal with the United Nations for the export of Ukrainian grain through the Black Sea...
  • NATO member Turkey, which has friendly relations with both of its Black Sea neighbors, has positioned itself as a neutral player and tried to broker a truce
  • The defense minister of Turkey called on Sweden and Finland to meet Turkey's security demands in return for Ankara's consent for their NATO bid

Festive spirit in Bethlehem after dull pandemic years

With a giant evergreen tree, colorful balloons in the streets and selfies in the Church of the Nativity, Christmas tourism...
  • With restrictions lifted in Palestine and Israel, where the closest international airport with access to Bethlehem is located, West Bank town has taken on a festive air
  • Tourists converged on the streets, shops and stone buildings of this Palestinian town, where Christians and Muslims live side by side

Morocco sentences for migrants over Melilla tragedy ‘unjust’: rights group

Morocco and Spain governments have insisted the migrants were to blame for the June 24 tragedy, with Rabat saying some...
  • Around 2,000 people stormed the frontier on June 24 in an attempt to reach Spanish territory across one of the EU's two land borders with Africa
  • Morocco has since handed dozens of migrants sentences of up to three years' imprisonment on charges including illegal entry and violence against law enforcement officers

Iraq football body launches ticket sales for Gulf Cup

The Gulf Cup brings together the hosts as well as Saudi Arabia, Kuwait, Qatar, Yemen, Bahrain, Oman and the United...
  • The federation shared a link for the ticketing website on its Facebook page, with prices ranging from $10-$30
  • Iraq has scrapped visa fees for the football fans entering Iraq for the upcoming tournament

Basketball stands collapse in Egypt stadium, injuring 27

A basketball match in Cairo turned into a scene of tragedy when part of a sports stadium where the match...
  • The Egyptian basketball federation suspended the match between Alexandria's Al Ittihad and Cairo's Al Ahly as first responders rushed to the Hassan Mostafa Sports Hall
  • Youth and Sports Minister Ashraf Sobhi has appointed a committee to look into the circumstances of the incident.

Iran to retry rapper and protester reportedly on death row

TEHRAN, IRAN -  Iran's supreme court has ordered the retrial of two men, including a Kurdish rapper, who were reportedly sentenced...
  • Protests have gripped Iran since the death of Mahsa Amini, a 22-year-old of Kurdish origin, after her arrest for an alleged breach of the dress code for women.
  • Iran this month executed two people in connection with the protests.

Chinese city seeing half a million Covid cases a day: official

A news outlet operated by the ruling Communist Party in Qingdao on Friday reported the municipal health chief as saying...
  • China this month has rapidly dismantled key pillars of its zero-Covid strategy, doing away with snap lockdowns, lengthy quarantines and travel curbs
  • Cities across the country have struggled to cope as surging infections have emptied pharmacy shelves and filled hospital wards

Ukraine says grain harvest dropped almost 40 percent

Kyiv, Ukraine--Ukraine estimates its grain harvest fell by around 40 percent year on year due to the Russian invasion, a representative...
  • Ukraine is a major exporter but Russia's invasion in late February stopped shipments and blocked 20 million tonnes of grain in Ukraine's ports
  • In July a landmark deal signed and brokered by the UN and Turkey established a safe shipping corridor for exports to resume

US Congress gives Boeing a reprieve on 737 Max cockpit changes

The bill requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both...
  • Boeing Chief Executive Dave Calhoun had said in July that the company might scrap the MAX 10 if it had to meet the changed standard
  • A law enacted by the US Congress required the FAA to certify planes only if equipped with a flight crew alerting system designed to help pilots prioritize warnings

Full occupation of Gaza looms as Israel orders army to execute any decision

The Israeli press, citing officials, has predicted an escalation of operations, including in densely populated areas where hostages are believed...

Company News

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UAE energy giant ADNOC offers $12.8bn for Germany’s Covestro

Covestro's shares surged more than six percent in Frankfurt following the announcement, which comes after it first disclosed talks were...

Apple holds talks with rival Meta

The company to integrate Meta's generative AI into its products.

Lebanon Transport minister denies Hezbollah weapons at Beirut Airport

Lebanon's transport minister denied on Sunday that Hezbollah was storing weapons at Beirut airport, as fears grow of all-out war...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli forces tie wounded Palestinian to jeep in West Bank raid

Jenin, Palestinian Territories -- Israeli troops tied a wounded Palestinian to a military vehicle during a raid in the occupied West...
  • Medics identified the Palestinian as Mujahid Raed Abbadi, 24, who told AFP he lives in the Jenin refugee camp.
  • Francesca Albanese, the UN special rapporteur on the rights situation in the Palestinian territories, suggested the troops were using Abbadi to shield themselves from gunfire.

Egypt to prosecute travel agents over hajj ‘fraud’: government

Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly ordered 16 tourism companies stripped of their licences and referred their managers to...
  • The order came after countries whose citizens performed this year's hajj reported more than 1,100 deaths, many attributed to the oven-like summer heat in Saudi Arabia
  • An AFP tally on Friday, compiling official statements and reports from diplomats involved in the response, put the toll at 1,126, more than half of them from Egypt

Gaza health officials say 24 killed in Israeli strikes

Gaza civil defence agency spokesman Mahmud Basal told AFP that at least 20 were killed in a strike on a...
  • The Gaza City strikes added to at least 120 deaths over the previous 48 hours which the health ministry in Hamas-run Gaza reported earlier Saturday
  • Exchanges of fire across the Lebanese border between Israel and the powerful Iran-backed group Hezbollah have also escalated, raising fears of wider war