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

Filmmakers try to cash in on India-Pakistan battle

Mumbai, India -- Indian filmmakers are locking up the rights to movie titles that can profit from the patriotism fanned...

Iraq’s Mosul healing slowly, five years after IS defeat

Signs of reconstruction dot the city of 1.5 million, with workers constructing a new bridge, and cafes and restaurants buzzing....
  • Like in much of oil-rich but war-ravaged Iraq, ramshackle public services and deep economic difficulties continue to hamper people's daily lives
  • Iraqi forces with the help of a US-led coalition wrested back Mosul in July 2017 after gruelling street fighting

Morocco, the last Arab nation left standing, reach World Cup quarters

Achraf Hakimi struck the decisive penalty to send Spain crashing out and Morocco into the World Cup quarter-finals for the...
  • Spain coach Luis Enrique had claimed his players prepared by taking 1,000 penalties as homework but Pablo Sarabia, Carlos Soler and Sergio Busquets all missed from the spot.
  • Walid Regragui's side will face Portugal or Switzerland in what is uncharted territory for them, with their previous best a last-16 exit in 1986.

Qatar’s Dr cool says air conditioned marathon possible in Gulf state

There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in...
  • Sports authorities have not commented, but Saud, an engineering professor at Qatar University, said an air-conditioned marathon course could be built.
  • Saud, who previously developed air conditioning for Ford Mondeo cars, spent 13 years working on the cooling used at seven of the eight World Cup stadiums.

Tunisia film seeks to ‘smash the cliche’

Erige Sehiri says her film relates the secrets, love stories and resentments of the mostly female orchard workers who live...
  • The young women pick fruit in rural Tunisia but are hyper-connected and use social media to eke out their freedom, while their older live in a more conservative world.
  • It has been shortlisted to represent Tunisia at the Oscars next year, having won awards at film festivals in Tunisia, Belgium and Germany.

EU stops import of products which causes deforestation

The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...
  • The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".
  • The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

Developing economies’ debt more than doubled over decade, says World Bank

The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the...
  • Many countries are already facing or at risk of debt distress with surging global inflation and rising interest rates.
  • The external debt of International Development Association countries also nearly tripled in the decade leading up to 2021.

Libya tells foreign energy firms it’s safe to return

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday...
  • Rival administrations in east and west have vied for power in Libya since March.
  • Libya aims to raise its oil output from around 1.2 million barrels per day currently to 2.0 million bpd by 2027, NOC chairman Farhat Bengdara said.

Tweet sparks Musk fever in EU’s poorest corner

The Tesla, SpaceX and now Twitter boss -- who is not immune to bouts of online whimsy -- recently commented...
  • The whole episode ignited a social media buzz, with memes aplenty showing the billionaire drinking the local rakia alcohol
  • More than 40 percent of the region's people live below the poverty line, making it the EU's poorest, according to Eurostat

IEA says energy crunch driving renewables boom

Paris, France— The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet...
  • The IEA report says total renewables capacity worldwide is set to almost double in the next five years and overtake coal as the largest source of electricity generation by 2025
  • The amount of renewable power capacity added in Europe between 2022-2027 is forecast to be twice as high as in the previous five-year period

NASA’s Orion spaceship slingshots around Moon, heads for home

Monday's was the last major maneuver of the mission, which began when NASA's mega Moon rocket SLS blasted off from...
  • European Service Module fired its main engine for over three minutes to put the gumdrop-shaped Orion on course for home
  • Once it returns to Earth, Orion will have traveled more than 1.4 million miles, said Mike Sarafin, the Artemis mission manager

Netanyahu seeks Red Cross help after hostage videos, Hamas says no special food privileges for captives

In response, Hamas's armed wing said it would allow the agency access to the hostages but only if "humanitarian corridors"...

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Palestine create history by reaching third round of World Cup qualifiers

Hong Kong, China - Palestine created history when they booked a place in the third round of the FIFA World Cup...

Gaza hospital says 37 dead in strike on UN school Israel says used by Hamas

"The government of Israel has said that they are going to release more information about this strike, including the names...

Israeli army claims deadly strike on ‘Hamas compound’ inside UN school in Gaza

The hospital reported an electrical generator failure earlier in the night, which risked complicating the treatment of patients. Prior to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel ‘prepared for very intense operation’ on Lebanon border

Jerusalem, Undefined -- Israeli Prime Minister Benjamin Netanyahu said Wednesday that Israel was "prepared for a very intense operation" along the...
  • Almost eight months of exchanges between Israel and Hezbollah have intensified over the past week, with Israel striking deeper into Lebanese territory.
  • "We are prepared for a very intense operation in the north. One way or another, we will restore security to the north," Netanyahu said during a visit to the border area.

Qatar signs 27-year gas supply deal with Chinese Petroleum Corp

Qatar will supply four million tons of gas a year under the deal, QatarEnergy said in a statement, without disclosing the...
  • Qatar is one of the world's top liquefied natural gas producers alongside the United States, Australia and Russia.
  • In recent months, Qatar has inked LNG deals with France's Total, Britain's Shell, India's Petronet, China's Sinopec and Italy's Eni among others.

Hamas says Israel wants ‘endless’ truce negotiations

Hamas had told mediators it "cannot agree to a deal that doesn't that does not secure... a permanent ceasefire and...
  • The statement came as mediator Qatar said it was awaiting a "clear position" from Israel on a proposed Gaza ceasefire and hostage release deal outlined by US President Joe Biden
  • Qatar, along with the United States and Egypt, has been engaged in months of back-and-forth negotiations over details for a ceasefire