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

‘Projectile’ hits tanker off Oman coast, Israel blames Iran

The tanker was "hit by a projectile approximately 150 miles off the coast of Oman ... on 15 November," the...
  • "There is some minor damage to the vessel’s hull but no spillage of cargo or water ingress," it said. It was not immediately clear who launched the projectile.
  • The Bahrain-based United States Fifth Fleet said it was "aware of the incident". UK Maritime Trade Operations, a British monitor, also said it knew of the incident.

‘Little Falconers’ showcase Qatar heritage

Falconry was added to the UNESCO list of intangible cultural heritage in 2010, in countries including Qatar, Saudi Arabia and...
  • Sever "Little Falconers" have gathered in a tent ahead of the football World Cup in Qatar, in a bid to introduce visitors to a practice inherited from their forefathers.
  • The "Promising Falconers" contest for 11-15 year olds sees each falconer choose the perfect moment to release their bird in order to snatch their prey.

Russia now routes oil through Turkey to reach EU

The 27-nation bloc has also placed an embargo on Russia coal. While it has not banned natural gas imports from...
  • The EU will ban most imports of Russian crude oil next month
  • Ankara has increased imports of Russian crude since the Ukraine invasion in late February, the think tank said

Six airlines ordered to pay over $600 mn in refunds to passengers

Authorities have received a "flood of complaints from air travelers" since the start of the pandemic, over a lack of...
  • The airlines hit were American low-cost carrier Frontier, as well as foreign carriers Air India, TAP Portugal, Aeromexico, El Al and Avianca
  • The department's actions have led to "thousands of passengers" being provided with more than half a billion dollars in required refunds

Algeria signs three-year deal to sell gas to Slovenia

While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a...
  • The deal is the latest in a string of such accords with European firms despite experts casting doubt on whether Algeria has the capacity to meet them
  • The eastern European country is heavily dependent on Russian gas, but Moscow has shut its pipelines to Europe in suspected retaliation for Western sanctions

Iran’s players free to express themselves at World Cup: Queiroz

"You guys are used to bending your knees in the games. Some people agree, some people don’t agree with that....
  • The country's players are being watched closely in Qatar for signs that they support the demonstrations
  • Coach Carlos Queiroz compared the situation to players in England taking the knee in anti-racism protests

COP27 climate talks inch toward ‘loss and damage’ showdown

The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting...
  • The need for such "loss and damage" financing, which has emerged as a make-or-break issue at COP27, is urgent, the largest negotiating bloc at the talks said
  • US and the EU have suggested that expanding current channels for climate finance might be a more efficient approach than creating a new one

Biden, allies hold emergency talks after missile hits Poland

In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and...
  • The explosion in Poland, a NATO member, immediately sparked concerns that the alliance might be drawn into Russia's nearly nine-month war against Western-backed Ukraine
  • The White House has been cautious in its initial response and has not attributed blame for the missile

Climate leaders call for ‘Paris agreement’ for nature

Dozens of countries will meet next month to try and hammer out a new biodiversity framework to protect animals and...
  • Enshrined in the Paris Agreement is the goal to limit global warming to well below two degrees Celsius from pre-industrial levels
  • Scientists say this is a minimum if humanity is to avoid devastating and potentially irreversible tipping points.

Israel PM says FBI won’t quiz troops over journalist’s death

Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...
  • The Israeli army conceded on September 5 that one of its soldiers had likely shot Abu Akleh after mistaking her for a militant.
  • Democratic party lawmakers, rights groups and the Abu Akleh family have been pushing for a US-led inquiry.

Trump’s ‘displeasure’ at prospect of allies recognizing Palestinian state

President Donald Trump has expressed displeasure with leaders of France, the United Kingdom and Canada for saying they plan to...

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Women’s tennis signs ‘multi-year partnership’ with Saudi investment fund

New York, United States -- The women's tennis tour (WTA) on Monday announced "a multi-year partnership" with the Saudi Arabian sovereign...

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...

Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Allies mourn Raisi’s death, hailed as supporter of Palestinian resistance

Paris, France -- Iran's powerful allies on Monday mourned the death of its President Ebrahim Raisi in a helicopter crash, while...
  • Iran's Gulf neighbors Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar and Oman sent their condolences.
  • Hamas mourned Raisi as an "honorable supporter" of the group and hailed his "support for the Palestinian resistance".

Saudia Group in ‘landmark’ deal for 105 Airbus planes

In a wide expansion of aviation services, Saudi Arabia's top airline Saudia Group has place an order of 105 aircraft...
  • "Aviation supports 241,000 jobs, and a further estimated 717,000 jobs in the tourism sector," a Saudi report said.
  • Saudi authorities have also announced plans for a new airport in the capital Riyadh capable of accommodating 120 million passengers a year.

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

Karim Khan said he was seeking warrants against Netanyahu and Israeli Defense Minister Yoav Gallant for crimes including "starvation", "willful...
  • If granted, the warrant means that technically any of the 124 ICC member states would be obliged to arrest Netanyahu if he travelled there.
  • The charges laid against the Hamas leaders including Yahya Sinwar and Ismail Haniyeh include "extermination" and "taking hostages".