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

European Union to end two Amazon inquiries after agreement

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding...
  • EU vice-president Margrethe Vestager announced Amazon's commitments and hailed them as a victory for smaller retailers selling products on Amazon's online marketplace.
  • An Amazon spokesperson said the firm, which operates the world's biggest online store, was pleased to have responded to the European Commission's concerns.

Allow Iraq to choose path not dictated by foreign powers: Macron

The "Baghdad II" meeting in Jordan, which alongside regional powers also includes officials from France and the European Union, follows...
  • Iraq has been caught for years in a delicate balancing act between its two main allies, the United States and Iran.
  • It has endured nearly two decades of turmoil since the US-led invasion toppled Saddam Hussein in 2003.

Antibiotics shortages hit nations as surging illnesses spur demand

Hospitals in many countries have come under pressure from a rising number of illnesses including what has been dubbed a...
  • But ramping up production of antibiotics has proved difficult for drug makers, particularly for cheap generic medicines that offer a slender profit margin.
  • Pharmaceutical companies who had cut back production because of the previously falling demand are now scrambling to meet skyrocketing orders, causing delays.

US lawmakers release $1.7 trillion spending bill to avert shutdown

WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to...
  • The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine.
  • It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care.

Off a highway, Israel Bedouins rejoice in horse racing

More than 260,000 Bedouins in Israel are part of the country's Arab minority, which is roughly a fifth of its...
  • Bedouins consistently rank as Israel's poorest group and, like other Arab people, complain of marginalization.
  • A long-standing source of friction is that many Bedouin villages are not recognised as official municipalities by Israel and lack basic utilities.

Iran, EU diplomatic heads meet at Jordan summit

SWEIMEH, JORDAN - Iran's Foreign Minister Hossein Amir-Abdollahian met Tuesday with EU foreign policy chief Josep Borrell on the sidelines of...
  • The meeting comes at a time when negotiations in Vienna aimed at reviving the 2015 Iran nuclear deal are stalled.
  • EU foreign policy chief Josep Borrell tweeted that the meeting was "necessary... amidst deteriorating Iran-EU relations".

Twitter users vote to oust Elon Musk as CEO

Analysts have also pointed out that the stock price of Tesla has slumped by one-third since Musk's Twitter takeover. The...
  • A total of 57.5 percent of more than 17 million accounts voted for him to step down
  • Musk has fully owned Twitter since October 27 and has repeatedly courted controversy as CEO

World Bank cuts China growth forecasts on Covid woes, property crisis

In a statement, the World Bank slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also...
  • After years of sudden lockdowns, mass testing, long quarantines and travel restrictions, China this month abruptly abandoned its zero-Covid policy
  • Beijing has sought to mitigate low growth with a series of easing measures to provide support, slashing key interest rates and pumping cash into the banking system

London Arabic bookshop to shut after 45 years

The announcement on December 5 that the bookshop will close at the end of this month prompted an avalanche of...
  • Al Saqi Books is another victim of the pandemic, and the economic upheaval in the UK and Lebanon
  • For more than 40 years, many writers have come to the London bookshop to present their works, including Syrian poet Adonis

Months after deadly quake, Afghan survivors get new homes

In Afghanistan, hundreds of earthquake-resilient concrete homes, many built by local laborers with the support of the United Nations refugee...
  • More than 1,000 people were killed and tens of thousands made homeless after the 5.9-magnitude quake struck the impoverished province of Paktika on June 22
  • Even before the earthquake, Afghanistan was in the grip of a humanitarian disaster made worse by the Taliban takeover in August 2021

UN experts call for Israel-backed Gaza Humanitarian Foundation to be dismantled

"The GHF ... is an utterly disturbing example of how humanitarian relief can be exploited for covert military and geopolitical...

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Israel-Hezbollah tensions drive fears of widening Gaza war

Hezbollah chief Hassan Nasrallah's group and Israeli forces have exchanged near-daily fire since Hamas's October 7 attack on southern Israel...

Hizbollah threatens Israel after military says Lebanon offensive ready

Hassan Nasrallah - whose powerful Iran-backed group has exchanged near-daily fire with Israel since its ally Hamas's October 7 attack...

From fighting boys to Saudi Olympic history for female taekwondo star

Abha, Saudi Arabia - Saudi taekwondo standout Donia Abu Taleb had an unusual introduction to the sport: for years she trained...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Diplomats say at least 550 pilgrims died during hajj, mostly Egyptians

"All of them (the Egyptians) died because of heat" except for one who sustained fatal injuries during a minor crowd...
  • At least 323 of those who died were Egyptians, most of them succumbing to heat-related illnesses, two Arab diplomats coordinating their countries' responses told AFP
  • Earlier on Tuesday, Egypt's foreign ministry said Cairo was collaborating with Saudi authorities on search operations for Egyptians who had gone missing during the hajj

Gaza rescuers report deadly strikes although clashes slow on Eid

Witnesses reported gunfire and artillery shelling near Nuseirat refugee camp in central Gaza, where the civil defence agency said at...
  • United Nations rights chief Volker Turk told the UN Human Rights Council he was "appalled by the disregard for international human rights" and "unconscionable death and suffering".
  • The UN has said aid access to Gaza has been severely hindered by factors including insecurity, the closing of crossing points to the territory, and Israeli procedural delays.

Unveiling Tunis: mural celebrates ‘invisible’ talents

Tunis, Tunisia - In the old medina of Tunis, a wall installation titled "1001 Bricks" showcases the talents of "invisible" creators,...
  • Led by Swiss artist Anne Francey, the project took shape over a year through workshops that culminated in a large bas-relief made of carved and painted clay bricks
  • The initiative follows Francey's 2019 project "1001 Hands", inspired by the "One Thousand and One Nights" fairytale, emphasising stories that intersect endlessly