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

Telefonica Q3 profit at $450m

Q3 revenue was up 11.6 percent at US$10.11 billion.
  • The company said the results make it possible to confirm its financial targets for 2022, which it raised during the previous quarter.
  • Telefonica said that it expects its core earnings growth to be "mid-to-high-end of the low single digit".

NATO chief says ‘time to welcome’ Finland, Sweden into alliance

Sweden and Finland dropped decades of military non-alignment and scrambled to become NATO members in May after Russia invaded Ukraine....
  • NATO chief Stoltenberg said it was time to welcome the two Nordic countries as full members of NATO
  • Except Turkey and Hungary, all the 30 NATO member states have ratified the accession of the two countries

Blinken thanks outgoing Israel PM, warns on West Bank violence

Blinken voiced "his deep concern over the situation in the West Bank, including heightened tensions, violence and loss of both...
  • The occupied West Bank is witnessing its deadliest period in years, as Israel prepares to form perhaps its most right-wing government in history under Benjamin Netanyahu
  • Yair Lapid put a priority on smooth relations with the United States, warning that Netanyahu had alienated Israel's allies in US President Joe Biden's Democratic Party

Iraq landslide disaster throws spotlight on informal shrines

Hundreds of smaller shrines opened up in Iraq -- many outside the purview of the religious authorities, which are often...
  • Iraq's Waqf, the body in charge of managing Shiite mosques, tombs and other places of worship, reports that only 135 out of Iraq's 664 known sanctuaries are formally registered
  • Most such sites are dedicated to relatives or descendants of Imam Ali, the son-in-law of the Prophet Mohammed and the founder of the Shiite strand of Islam

Solar power, farming revive Tunisia school as social enterprise

Hamadi started a decade ago by gathering donations to buy 50 solar water heaters and 140 photovoltaic panels.
  • Hamadi started a decade ago by gathering donations to buy 50 solar water heaters and 140 photovoltaic panels
  • Chayeb, a farmer, said the Makthar model had helped his family and given his children better school meals and business skills

At Web Summit, ‘Bored Apes’ emerge from swamp but remain murky

With a blast of "Break on Through" by The Doors and a flashy video of cartoon apes careening around a...
  • BAYC is a set of 10,000 auto-generated images of cartoon apes sporting various expressions and accessories, with a back story about them living in a swamp
  • Enthusiasts have shelled out many millions in trading the images, which come in the form of digital tokens known as NFTs

Twitter says layoffs to begin today

A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday,...
  • Twitter employees have been bracing for this kind of bad news since Musk completed his acquisition
  • The email sent Thursday told workers to go home and not report for work on Friday

World Cup buzz includes drills, hammers as Qatar races to be ready

A short drive north, sparks from drills and grinders light up a Doha golf club, where workers are constructing a...
  • Across the Qatari capital, new hotels are opening, spectacular street art has gone on display and the flags of the 32 competing nations dominate avenues
  • At the Katara 'cultural village', a huge white hotel resembling India's Taj Mahal remains part-shrouded in scaffolding

Europe could face gas shortage next year, says IEA

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake...
  • IEA Executive Director Fatih Birol said he would hold talks on Friday with several European governments.
  • He said that Europe needs to take immediate action to avoid risks of natural gas shortage next year.

After PIF takeover, Newscastle gains new motivated fan community in Saudi Arabia

Saudi fans focus less on debates around the controversial takeover of the club and more on growing their numbers through...
  • And customers now prefer to watch Newcastle matches on big-screen televisions in the city's cafes, even though the club does not boast any of the sport's top stars.
  • "There is a greater patriotic motive than an athletic one, because Newcastle has become a Saudi club," said Ibrahim al-Habjar, who runs one such cafe in Riyadh.

UN agencies warn Gaza slipping into famine as Israel resists ceasefire calls

The Integrated Food Security Phase Classification Initiative, a coalition of monitors tasked by the UN to warn of impending crises,...

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US slams Israel’s use of American weapons in Gaza

The US has warned that the reputational damage Israel will suffer if it storms a city where an estimated 1.4...

Kuwait emir dissolves parliament in new political crisis

The state's ruler attributed his move to the "interference" of some MPs in the emir's powers and others imposing "conditions"...

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas says ‘ball is completely’ in Israel’s hands in Gaza truce talks

"The negotiating delegation left Cairo heading to Doha. In practice, the occupation (Israel) rejected the proposal submitted by the mediators...
  • State-linked Egyptian outlet Al-Qahera News reported Thursday that representatives of both camps left Cairo after two days of negotiations
  • Efforts by Egypt and other mediators, namely Qatar and the United States, "continue to bring the points of view of the two parties closer together", the outlet added

Israel hits Rafah despite US warning on arms transfers

In an interview with CNN on Wednesday, Biden warned he would stop some US weapons supplies to Israel if it...
  • An AFP correspondent and witnesses on Thursday reported Israeli strikes on several parts of Rafah, where the United Nations said 1.4 million people were sheltering
  • Israel has already defied international objections by sending in tanks and conducting what it called "targeted raids" in the east of Rafah

Hezbollah says fighters killed after Israeli strike on south Lebanon

The Lebanese security source, requesting anonymity as they were not authorized to speak to the media, said that "four Hezbollah...
  • Hezbollah said it launched "an air attack with explosive drones" targeting an Israeli military base and its vicinity in retaliation.
  • At least 399 people have been killed in Lebanon in seven months of cross-border violence, mostly militants but also including more than 70 civilians.