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

UN chief appeals for extension of Ukraine-Russia grain deal

Calling on "all parties" to make every effort to extend the agreement on Ukrainian grain exports, UN Secretary-General Antonio Guterres...
  • The initial agreement was set to last 120 days, with the option for renewal on November 19 "if no party objects," Guterres' spokesman Stephane Dujarric noted Friday
  • Russian ambassador to the UN Vassily Nebenzia told reporters Thursday that Russian exports must be allowed to go through before Moscow will commit to an extension of the deal

Ben-Gvir, Israel’s powerful extreme-right leader

Elected to parliament in April 2021, Ben-Gvir heads the Jewish Power party and has spent years campaigning for the extreme...
  • With his round glasses and white kippa placed crookedly atop his greying hair, 46-year-old Ben-Gvir presents an affable figure
  • But to his detractors, the lawyer turned lawmaker is a pyromaniac whose politics threaten to set the country ablaze

After Israel, Lebanon eyes Cyprus maritime border deal

Cyprus, which has aspirations of becoming a major energy player in the eastern Mediterranean, has a key exclusive economic zone,...
  • In 2007, Lebanon and Cyprus signed an agreement to delineate their respective exclusive economic zones
  • Neighbours Israel and Lebanon signed on Thursday a US-brokered agreement removing hurdles for natural gas production

Qatar summons German ambassador over minister’s comments

Taking a serious note of German Interior Minister's comments casting doubt on whether the Gulf state should host the football...
  • Faeser, in an interview with the ARD network aired Thursday, said that Qatar's hosting of the World Cup next month was "very tricky" for Germany
  • This is the first time a foreign ambassador has been summoned over such comments

ExxonMobil Q3 net surges to US$19.7bn

Hike in profit was due to high oil, natural gas prices.
  • The US oil giant became the latest petroleum heavyweight to report stunning third-quarter figures, with year-on-year profits nearly tripling.
  • The results show how the surge in crude prices in the aftermath of Russia's invasion of Ukraine has boosted oil company profits.

OMV Q3 net profit at $3.28bn amid high energy prices

Revenue doubled year-on-year to US$17.1 billion.
  • OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.
  • Following European sanctions on Moscow, OMV froze its investments in Russia.

China’s President Xi expected to visit Saudi Arabia: Saudi FM

Prince Faisal bin Farhan hailed the "historical and solid relationship" between the major oil exporter and Beijing after talks with...
  • The potential visit comes at a time of strained ties between Saudi Arabia and long-standing ally the United States
  • Xi visited Saudi Arabia in January 2016, the year before Prince Mohammed was named as heir to the throne, ushering in a period of reform

Volkswagen profits slip by 26 percent in third quarter

Bottomline took a hit from Russia production halt
  • The company halted exports to Russia after the invasion of Ukraine and closed its local production sites
  • The car manufacturer made a net profit of 2.13 billion euros ($2.12 billion) in July to September

Apple reports solid profits on rising revenues

The tech giant's iPhone sales missed estimates
  • Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon
  • Profits edged up one percent to $20.7 billion, on an eight percent rise in revenues to $90.1 billion in Apple's fiscal fourth quarter ending September 24

Loans, investments, piles of his own cash: How Musk funded Twitter takeover

The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.
  • The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August
  • the South African-born billionaire will personally cough up a little more than $27 billion in cash in the transaction

Putin stresses Syrian ‘territorial integrity’ in call with Netanyahu after Druze unrest

Russia, a close ally of Syria's former long-time ruler Bashar al-Assad, who reportedly fled to Moscow with his family, still...

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Blinken urges Hamas to agree truce to help Gazans

A Hamas official said the group would respond "within a very short period" to a plan proposed by mediators to...

US Federal Reserve keeps interest rates at 23-year high

Washington, United States - The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the...

Hamas official insists Gaza ceasefire must be permanent

Hamas is considering a plan for a 40-day ceasefire and the exchange of scores of hostages for larger numbers of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Blinken says US ‘determined’ to get Israel-Hamas ceasefire deal ‘now’

US Secretary of State Antony Blinken renewed calls for Hamas to accept a ceasefire deal Wednesday as he started talks...
  • Netanyahu: Israel will launch an invasion of Rafah "with or without" a ceasefire deal.
  • Aid is coming to Gaza but more is needed

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.
  • Amazon shares were up about one percent in after-market trades that followed release of the earnings figures
  • Sales at Amazon online stores grew by 7% in the quarter despite competitive pressure from rivals such as Shein and Temu

Blinken presses for Gaza aid on Jordan visit

Blinken, on his latest tour of the region since the Gaza war erupted in October, observed Jordan's efforts to bring...
  • Blinken observed Jordan's efforts to bring in food and supplies and praised the "extraordinary work" led by the United Nations
  • Blinken met separately with King Abdullah II and Foreign Minister Ayman Safadi both on aid and on diplomacy for a temporary ceasefire between Israel and Hamas