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

Europe promises continuous support to Ukraine against Russia

Several European leaders were in Kyiv on Saturday to commemorate the victims of the 1932-33 Holodomor -- Ukrainian for "death...
  • Ukrainian President Zelensky said his country will continue to resist Russian attacks that have systematically targeted Ukraine's energy grid
  • "Ukrainians went through very terrible things... Once they wanted to destroy us with hunger, now -- with darkness and cold," Zelensky said

Faroe Islands renew fishing quota deal with Russia

COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's...
  • The agreement between Faroe Islands and Russia has been in place since 1977 and is renewable each year.
  • The autonomous territory is highly dependent on fishing for its income and the fisheries ministry says the deal with Russia covers 5 percent of its GDP.

US bans gear from China’s Huawei, ZTE over security risk

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...
  • The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks.
  • US officials have shown growing wariness in recent years of Chinese telecommunications companies and technology.

Rockets target US Syria base in latest strike: Centcom

Beirut, Lebanon—Two rockets targeted a US patrol base in northeastern Syria late Friday, the third such attack in nine days, US...
  • The strike at about 10:30 pm caused no injuries or damage to the base or coalition property, said Centcom, which covers the Middle East region
  • On November 17 rockets targeted the coalition's Green Village base which is in Syria's largest oil field, Al-Omar, near the Iraqi border, Centcom said at the time

Protest scrutiny intensifies on Iran despite win

There had also been speculation that the Iranian players would not celebrate the goals. But the team erupted into wild...
  • In a striking U-turn, the Iranian players sung their national anthem ahead of Friday's match against Wales
  • A prominent former international star from the last decade Voria Ghafouri was arrested in Iran on Thursday

England team faced ‘unlimited’ sanctions over armband in Qatar

FIFA threatened to impose "unlimited" sanctions against players who wore the "OneLove" rainbow-themed armband for World Cup matches in Qatar....
  • Football Association chief executive Mark Bullingham said the FA believed FIFA were effectively threatening to ban players
  • England, Wales, Belgium, Denmark, Germany, the Netherlands and Switzerland said they had written to FIFA in September informing them about the "OneLove" armband

Hosts Qatar crash out of World Cup after Dutch held by Ecuador

Ecuador and Senegal meet in the last round of Group A matches next Tuesday, while Louis van Gaal's Dutch side...
  • Qatar had made a nervy start to the tournament in a 2-0 defeat to Ecuador and they again looked tentative against Senegal.
  • The Asian champions dropped their goalkeeper Saad Al Sheeb to the bench after his shaky performance in the opener.

Architect seeks pro-climate construction change

The industry accounts for almost 40 percent of global greenhouse gas emissions, according to the UN. Lina recommends refurbishing and...
  • Ghotmeh used more than 500,000 bricks made from local dirt for a new Hermes building in France, expected to open early next year.
  • The bricks also regulate the building's temperature and reduce energy needs. The building will produce as much energy as it consumes.

Saudi would back bids for Man Utd, Liverpool, says sports minister

Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...
  • Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.
  • Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.

China’s ‘iPhone city’ under Covid lockdown after violent clashes

Authorities have ordered nearly six million residents of eight districts in Zhengzhou, in the central province of Henan, not to...
  • There have been only a handful of coronavirus cases in the city but under China's zero-Covid policy even tiny outbreaks can spark gruelling lockdowns and travel restrictions.
  • The lockdown in Zhengzhou follows protests by hundreds of employees over conditions and pay at Foxconn's vast iPhone factory on the outskirts of the city.

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...

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Egypt hikes subsidized bread price for first time in decades

Cairo, Egypt - Egypt's cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years,...

Blinken says Israel needs post-war plan ‘as quickly as possible’

"In the absence of a plan for the day after, there won't be a day after. And this is where...

New mega-refinery helps Kuwait to record capacity: minister

Made up of three component units, the huge Al-Zour refinery is one of the biggest in the Middle East. It was...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Palestinians flee Rafah as Israeli expands ground assault

Rafah, Palestinian Territories -- Hundreds braved roads in Rafah in south Gaza Tuesday as they fled Israel's expanding ground assault, with...
  • UNRWA, the United Nations agency for Palestinian refugees, said that one million civilians had fled Rafah since the ground attack went ahead despite global warnings.
  • The health ministry in Hamas-run Gaza said in a statement that Israeli shelling in and around health facilities in the governorate has left just one still operational.

UAE president on state visit to S Korea, meets top business chiefs

President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest...
  • Follow-up announcements to the investment plan, which is expected to cover arms and energy, are expected to be made during the two-day visit which includes a summit with Yoon.
  • The Emirati president met leaders of South Korea's largest companies upon his arrival, most notable the chairmen of Samsung Electronics, SK Group and Hyundai Motor Group.

Gaza civil defense says new Israel strike kills 21 in West Rafah camp

Israel launched its controversial assault on Rafah earlier this month, dismissing concerns for the safety of the 1.4 million Palestinian...
  • 21 people had been killed in an "occupation strike targeting the tents of displaced people west of Rafah"
  • An Israeli strike on Sunday set ablaze a crowded camp in Rafah, killing 45 people