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

Five Palestinians dead, soldier wounded as West Bank violence flares

Israeli troops shot dead four Palestinians in the occupied West Bank, Palestinian officials said, and a suspected car-ramming attacker was...
  • Two brothers were killed by Israeli fire in Kafr Ein, near Ramallah, while a third man died of bullet wounds to the head
  • The Israeli army said it had opened fire on "rioters" who "hurled rocks and improvised explosive devices at the soldiers"

EU uncovers US$2.3-billion cross-border tax fraud

The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France,...
  • Prosecutors uncovered a network of "criminal activities" operating in almost all 27 EU member states.
  • These activities also operated in Albania, Britain, China, Mauritius, Serbia, Singapore, Switzerland, Turkey, the United Arab Emirates and the United States.

UK ousts China from new nuclear project Sizewell

LONDON, UK - Britain on Tuesday ousted China's nuclear firm CGN from construction of its new Sizewell C nuclear power...
  • The announcement came one day after Prime Minister Rishi Sunak warned that the "golden era" of UK-China relations was "over"
  • Sizewell C, which is under development on the Suffolk coast in eastern England, will power the equivalent of about six million homes.

‘Russian targeting of Ukraine energy is war crime’

BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann...
  • A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure.
  • The members of the G7 group of industrial democracies had to cooperate to combat war crimes.

HSBC sells Canada ops for $10bn

Bank will use funds for core business, give cash to investors.
  • The large sale comes after UK-listed HSBC faced calls from biggest shareholder Ping An Insurance Group to cut costs and shift more resources to Asia.
  • The Canadian divestment is expected to be completed in late 2023.

Qatar reaches long-term gas supply deal with Germany

QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to...
  • QatarEnergy's partner, US firm ConocoPhillips, will supply the gas from Qatar's North Field East and South projects from 2026 to the Brunsbuttel LNG terminal
  • Negotiations with European countries had previously struggled as Germany and others balked at signing the type of long-term deals made with Asian nations

Tunisia ex-speaker in court again over alleged jihadist links

Tunis, Tunisia—The speaker of Tunisia's dissolved parliament appeared on Monday before a judge investigating accusations his party helped Tunisian jihadists travel...
  • The judge is expected to decide whether or not to charge the 81-year-old at the end of the hearing
  • Rivals of Ennahdha, which dominated Tunisian politics from 2011 until Saied's power grab, accuse the party of helping them leave

More than 300 dead in Iran unrest: Guards general

More than 300 people have been killed in Iran since protests erupted over the death in morality police custody of...
  • Latest official toll is much closer to the figure of at least 416 "killed in the suppression of protests in Iran" published by Iran Human Rights
  • The group says its toll includes those killed in violence related to the Amini protests and in distinct unrest in the southeastern province of Sistan-Baluchistan

Iran takes on US in supercharged World Cup showdown

Doha, Qatar—The United States and Iran meet in a politically charged winner-takes-all World Cup clash on Tuesday as England aim...
  • The Group B game between the US and Iran has stood out as one of the highlights of the first phase in Qatar
  • Iran counterpart Carlos Queiroz brushed off suggestions that the flag furore would be used to motivate his players

After FTX collapse, BlockFi files for bankruptcy in US

A few weeks after the unravelling of FTX, BlockFi, a lender in the cryptocurrency world, has filed for bankruptcy protection...
  • During the course of summer, FTX provided $400 million in credit to BlockFi, enabling the lending firm to avoid bankruptcy
  • BlockFi said it was focused on recovering obligations from counterparties, including FTX

Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy

Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...

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WFP warns of ‘apocalyptic’ scenes in southern Gaza

"The exodus that we've seen in the past 20 days or so out of Rafah has been an awesome and...

UBS-Credit Suisse merger completed

The fallen Credit Suisse AG legally ceases to exist.

Israel troops push into central Rafah

In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US, UK air strikes hit several sites in Yemen

The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces...
  • AFP journalists heard loud explosions in the capital Sanaa and the port city of Hodeida overnight from Thursday to Friday
  • The Houthi-controlled television channel Al-Masirah said strikes had also targeted telecoms infrastructure in the town of Taez

Humanity in ‘race against time’ on Artificial Intelligence: UN

Geneva, Switzerland -- Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the...
  • "We've let the genie out of the bottle," said Doreen Bogdan-Martin, head of the United Nations' International Telecommunications Union (ITU).
  • "I believe we have a once-in-a-generation opportunity to guide AI to benefit all the world's people," Bogdan-Martin told AFP ahead of the summit.

Rafah battles intensify as Israel takes over Gaza-Egypt border strip

Israel said on Wednesday its forces had taken over the 14-kilometre Philadelphi corridor on the Gaza-Egypt border
  • The Israeli military launched its incursion into Rafah in early May despite international objections
  • A strike over the weekend that started a fire and killed dozens in a displacement camp drew a wave of fresh condemnation