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

Israel hits Damascus with ‘a burst of missiles’

At least two people were killed in an Israeli missile strike on Hezbollah weapons depot in the Damascus area overnight,...
  • A Syrian military source, quoted by SANA, said Israel carried out "a burst of missiles targeting some points in the vicinity of Damascus
  • Israel has repeatedly said it will not allow its archfoe Iran to gain a foothold in Syria

Iran says Jordan summit is a good opportunity for nuclear talks

TEHRAN, IRAN - Iran's foreign minister said Monday that a summit to take place this week in Jordan will be a...
  • On-off talks to revive the deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), started in April last year.
  • A UN nuclear watchdog team led by IAEA deputy director-general was on a one-day visit to Iran.

Critics see Macron ‘offside’ in World Cup final

The French President delivered a wide-ranging performance at the World Cup final that was not to everyone's taste.
  • He was an unmissable presence at the game at the Lusail stadium in Qatar, even making an appearance in the team's changing room to deliver an emotional post-game pep talk.
  • "We must not politicize sport," the incoming leader of the ultra-left France Unbowed party Manuel Bompard, wrote ironically on Twitter.

After hosting World Cup, Qatar looks to secure 2036 Olympics

During the tournament, Qatar was awarded the 2025 world table tennis championships and the opening race of the world endurance...
  • The 2036 Olympics is the next big prize. The emir, Sheikh Tamim bin Hamad Al-Thani, is an IOC member and Qatar has already bid for the 2016, 2020 and 2032 Games.
  • The IOC has a declared policy of rotating the Games, and the Olympics have never been held in the Middle East. Qatar could face competition from Saudi Arabia and Turkey.

Musk polls Twitter users on his future as CEO

The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting...
  • In Twitter exchanges with followers, Musk said he did not have a replacement lined up
  • In a downbeat response, Musk said Twitter was "in the fast lane to bankruptcy

Thai Navy searches for 31 sailors after vessel sinks

The HTMS Sukhothai which capsized late on Sunday night after its electronic system had been damaged, was commissioned in 1987...
  • HTMS Sukhothai capsized late on Sunday night as it was patrolling the Gulf of Thailand, about 37 kilometers off the nation's southeastern coast
  • Some sailors survived by jumping into a life raft at night, according to images shared by the Royal Thai Navy, which said 75 people had been rescued

Mbappe heroics in vain but justify Pele comparisons

The Paris Saint-Germain forward scored only the second hat-trick in World Cup final history but his bid to become the...
  • Mbappe has scored 253 times in 363 games for club and country, a tally that far exceeds those of Messi and Ronaldo
  • He is already up to sixth on France's list of all-time top scorers with 36 goals, one behind Karim Benzema

Twitter to disallow users from promoting rival social platforms

The move of not allowing users to promote their accounts on several rival social media platforms including Facebook and Instagram...
  • Twitter users would be barred from posting "Follow me @username on Instagram," the social media giant said
  • Twitter co-founder Jack Dorsey questioned the new policy with a one-word tweet: "Why?"

Argentina beat France on penalties to win World Cup

Argentina defeated France 4-2 in a penalty shoot-out to win the World Cup for the third time on Sunday. Argentina...
  • France had fought back from 2-0 down and 3-2 down in extra-time to make it 3-3 and take the game to penalties.
  • Messi had given Argentina the lead from the penalty spot in the first half before Angel Di Maria made it 2-0.

UN nature deal calls to protect 30% of planet by 2030

MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030...
  • It called on wealthy countries to increase financial aid to the developing world to $20 billion annually by 2025.
  • Developing countries, spearheaded by Brazil, were seeking the creation of a new fund to signal the global north's commitment to the cause.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

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Israel says Lebanon offensive plan ‘approved’ as tensions surge

Palestinian Territories - The Israeli army on Tuesday said plans for an offensive in Lebanon were "approved and validated" amid...

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...

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

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Hajj pilgrimage ends amid deadly Saudi heat spike

Crown Prince Mohammed bin Salman said on Sunday that Saudi officials had committed "to provide everything that will serve those...
  • One of the world's largest religious gatherings unfolded during the oven-like Saudi summer again this year
  • Authorities recorded more than 2,700 cases of "heat exhaustion" on Sunday alone, the Saudi health ministry said

Eight Israeli soldiers killed as fighting rages in Gaza

The military said the soldiers were killed when the Namer armored vehicle they were travelling in exploded near Gaza's far-southern...
  • Saturday's losses were among the heaviest for the military since it began its ground offensive in Gaza on October 27 and took its overall losses since then to 306.
  • The United Nations says about one million people have fled Rafah since early May, when Israel began ground operations in the city in pursuit of Hamas.

Huthi missile attack severely injures sailor on cargo ship: US military

Two cruise missiles launched by Yemen's Huthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday,...
  • The M/V Verbena -- a Palauan-flagged, Ukrainian-owned, Polish-operated ship -- "reported damage and fires on board
  • The Huthis on Thursday said they had carried out attacks on three ships within the past 24 hours