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

Saudi Arabia, South Korea agree to boost energy and defence ties

Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in...
  • Saudi Crown Prince Mohammed Bin Salman arrived in Seoul Wednesday. His Asian tour is aimed at shoring up the Gulf nation's ties with Saudi's biggest energy market.
  • During the visit, the two governments and companies from both countries signed about 20 deals in areas from agriculture to railways.

Ukraine grain deal extended ‘under current terms’: Turkey

Ukraine is one of the world's top grain producers, and Russia's invasion of the country blocked 20 million tons of...
  • The agreement would be in force for "120 days considering the winter conditions", and there could be "new arrangements" after the winter season
  • An international source close to the negotiations also confirmed to AFP that the parties concerned agreed to extend the deal

Macron says ‘must not politicize sport’ ahead of Qatar World Cup

"I think we must not politicize sport," said Macron, whose national team is defending the title they won in Russia...
  • French president, who will go to Qatar if France reach the semi-finals, said it was "a very bad idea to politicize sport."
  • France begin their defense of the World Cup trophy against Australia on Tuesday before also playing Denmark and Tunisia

Musk tells Twitter staff to work long hours or leave

New York, United States— Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and...
  • Elon Musk has come under fire for radical changes at the social media company, which he bought for $44 billion late last month
  • Staff have been asked to follow a link to affirm their commitment to "the new Twitter" by 5:00 pm New York time

EU pledges US$1bn in climate funding for Africa

The initiative, launched at UN climate talks along with France, Germany, the Netherlands and Denmark, will combine "existing and new"...
  • The funding also includes an EU pledge of $60 million for climate "loss and damage" already being suffered, a contentious issue at the negotiations in Egypt
  • It will cover the collection of climate risk data, boosting early warning systems, disaster risk finance and insurance, as well as helping to attract private finance

Israel, US blame Iran as ‘drone strike’ hits tanker off Oman

An Israeli official told AFP that the strike on the tanker was "an Iranian provocation" that aimed to "disrupt the...
  • The Pacific Zircon was "hit by a projectile 150 miles off the coast of Oman" on Tuesday
  • The tanker was carrying 42,000 tonnes of gas oil and bound for Buenos Aires

Beyond Oil and Gas Alliance struggles to enlist new members

The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in...
  • At COP27 talks in Egypt, Fiji and Chile sign up as "friends" of the alliance, while the US state of Washington joins as a core member
  • BOGA says it has managed to attract new partners despite the global energy crisis which has seen a rush towards oil and in particular gas

Tencent Q3 revenue down 2 percent

It is Tencent's second consecutive quarterly decline in revenue.
  • The Hong Kong-listed company is the world's top video game maker and the owner of popular super-app WeChat.
  • Tencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30.

UK inflation jumps to 41-year high on soaring energy and food bills

Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key...
  • The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics (ONS) said.
  • "Rising gas and electricity prices drove headline inflation to its highest level for over 40 years, despite Energy Price Guarantee," said ONS chief economist Grant Fitzner.

Qatar steps up diplomatic, media offensive against rights criticism

In an interview with AFP, Qatar's Labor Minister Ali bin Samikh Al Marri said "racism" was behind the onslaught on...
  • Qatar's chief World Cup organizer said attacks on the Gulf state had been launched because it "competed as equals and snatched" the World Cup from rival bidders.
  • Qatar's media has spoken of a "systematic conspiracy" by European rivals. Al Sharq newspaper slammed "the arrogance" of some European countries.

Sweden jihadist jailed for life over Jordan pilot burned alive

Stockholm, Sweden - A Stockholm court on Thursday handed down a life term to Swedish jihadist Osama Krayem over the...

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France and UAE sign AI cooperation deal

France and the United Arab Emirates on Tuesday signed a "strategic partnership" on artificial intelligence (AI) aimed at boosting cooperation...

What is flight turbulence and why does it happen?

Washington, United States - Airplane turbulence, which led to the death of a passenger on a Singapore Airlines flight on Tuesday,...

US and UN ‘shocked’ over Israel’s ban on American news agency AP

After shutting down offices and confiscating equipment of the Al Jazeera news channel in Israel, Netanyahu's government has shut down...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel, Hamas reject bid before ICC to arrest leaders for war crimes

Israel and Hamas, engaged in heavy fighting in the Gaza Strip, both angrily rejected on Monday moves to arrest their...
  • Israel slammed as a "historical disgrace" the demand targeting Prime Minister Benjamin Netanyahu
  • US President Joe Biden denounced the ICC bid as "outrageous"

Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.
  • The tech giant estimates that more than 50 million "AI PCs" will be sold over the next 12 months, given the appetite for devices powered by ChatGPT-style technology
  • Of all the tech giants, Microsoft has pushed the most aggressively to infuse the powers of generative AI into its products, often leaving rival Google to play catch-up

Amal Clooney helped ICC weigh Gaza war crimes evidence

Washington, United States - Amal Clooney helped the International Criminal Court weigh evidence that led to the decision to seek arrest...
  • The British-Lebanese barrister posted a statement on the website of the Clooney Foundation for Justice, which she founded with her husband, American actor George Clooney
  • Clooney said she was asked by prosecutor Karim Khan to join an expert panel to "evaluate evidence of suspected war crimes and crimes against humanity in Israel and Gaza."