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

‘Gaza, ours forever’: Settlers push to reclaim land amid devastation and political shifts

Within sight of Gaza, the devastated Palestinian enclave ravaged by nearly 22 months of war, hundreds of Israeli settlers marched...

Geostrategy

France, 14 other nations urge recognition of Palestinian state, Canada may do so in September

The foreign ministers of 15 countries issued a joint statement following a conference in New York, co-chaired by France and...

Geostrategy
Geostrategy

UN, Russia hold talks on grain, fertilizer exports

United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days...
  • The talks took place behind closed doors at the UN Palais des Nations headquarters in Geneva.
  • No statement has yet been issued following the meeting.
Geostrategy

UN unveils satellite-based system to detect methane emissions

The Methane Alert and Response System (MARS) was announced by the UN Environment Programme during the COP27 summit. Methane, emitted...
  • MARS will use data from global mapping satellites to detect methane "hot spots" and large plumes of the gas, and identify its source, the UN Environment Programme said.
  • UNEP would then notify governments and companies about the emissions "so that the responsible entity can take appropriate action."
Business

SoftBank Q2 net profit at $21.4b

Firm's reduction of stake in Alibaba partly helped.
  • Falling share prices for many of its tech start-up ventures continue to hurt the company's balance sheet.
  • The investment behemoth has made huge bets to find and grow new tech companies around the world - making its earnings vulnerable to fickle market forces.
Business

Luxury group Richemont posts H1 2022-23 loss of US$786m

Loss is basically due to the sale of one of its online platforms.
  • The group, owner of the Cartier and Piaget brands, made a profit of US$1.23 billion in the same period last year.
  • In August, Richemont agreed to sell a large stake in its Yoox Net-A-Porter online luxury sales brand to British e-commerce platform Farfetch.

US becomes first World Cup team to arrive in Qatar

An unknown number of players were on a Qatar Airways jet from New York that was among the first flights...
  • The United States are playing in the finals for the first time in eight years and will be in one of the most politically-charged games
  • The American team are staying at the Marsa Malaz Kempinski on the Pearl, an artificial island north of Doha favored by expatriates
Economy

Global food import bill to jump to record $1.9 trillion: FAO

The new forecast would mark "an all-time high", and is due to the depreciating values of currencies against the US...
  • Ukraine and Russia are agricultural superpowers, with more than 30 nations reliant on them for wheat and sunflower oil exports.
  • Sub-Saharan Africa, already hard-hit by malnutrition, is expected to spend $4.8 billion more on food imports, despite a decrease in volumes.

Private jets at COP27 spark conflicting claims

Posts and reports included various estimates for the number of such planes bringing delegates to the gathering in the beach...
  • Egyptian sources corroborated widespread claims that some 400 private jets landed during COP27
  • Passengers on private jets produce far more planet-warming emissions per capita than those on commercial flights
Arts & Culture

Flowery facelift for heart of revolt in Iraqi capital

The epicenter of the October 2019 anti-government protest movement, Tehrir square is now transformed and boasts a renovated park section.
  • The epicenter of the October 2019 anti-government protest movement, Tehrir square is now transformed and boasts a renovated park section
  • More than 600 people were killed and thousands injured during the unprecedented protests, where demonstrators denounced corruption
Business

Twitter chaos deepens as key executives quit

The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per...
  • Musk on Thursday warned employees that the site was burning dangerously through cash, raising the specter of bankruptcy
  • The walkouts came a day after the turbulent launch of new features introduced by Musk following his $44 billion buyout of the messaging app

CO2 pollution from fossil fuels to hit all-time high in 2022

The new figures show just how dauntingly hard it will be to slash emissions fast enough to meet the Paris...
  • Emissions from oil, fuelled by the continuing rebound in aviation, will likely rise more than two percent compared to last year
  • Global CO2 emissions from all sources -- including deforestation and land use -- will top out at 40.6 billion tonnes

‘Gaza, ours forever’: Settlers push to reclaim land amid devastation and political shifts

Within sight of Gaza, the devastated Palestinian enclave ravaged by nearly 22 months of war, hundreds of Israeli settlers marched...
Geostrategy

Company News

Latest News

Iraq father begins legal action against BP over son’s cancer death

Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to...
Business

Oil tanker hit by missile off Yemen, no casualties

"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea...
Geostrategy

OpenAI disbands team devoted to artificial intelligence risks

San Francisco, United States -- OpenAI on Friday confirmed that it has disbanded a team devoted to mitigating the long-term dangers...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

‘Hindu nation’: Religion trumps caste in India vote

Agra, India - Born at the bottom of the Hindu faith's rigid caste system, voters like Anil Sonkar will determine whether...
  • More than two-thirds of India's 1.4 billion people are estimated to be on the lower rungs of a millennia-old social hierarchy that divides Hindus by function and social standing
  • Politicians of all stripes have courted lower caste Indians with affirmative action programmes, job guarantees and special subsidies to mitigate long-standing discrimination
Geostrategy

Arab League calls for UN peacekeepers in Palestinian territories

In a concluding statement following a meeting in Manama, the 22-member grouping called for "international protection and peacekeeping forces of...
  • The league also separately, called for an "immediate" ceasefire in Gaza and an end to forced displacement in the Palestinian territory
  • Abbas told the summit his rival Hamas gave Israel "pretexts and justifications" to wage war on Gaza with its October 7 attack
Geostrategy

Despite international appeals, Israel to ‘intensify’ Rafah assault

Defense Minister Yoav Gallant said "additional forces will enter" the Rafah area and "this activity will intensify". "Hundreds of targets...
  • Israel's top ally the United States has joined other major powers in appealing for it to hold back from a full ground offensive against Hamas in Rafah.
  • The 22-member Arab League, meanwhile, called for UN peacekeepers to be deployed in the occupied Palestinian territories until a two-state solution has been implemented.