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

Iran retaliates to European Union sanctions over protest crackdown

Iran's foreign ministry announced in a statement sanctions against eight institutions and 12 individuals based in the EU for "supporting...
  • Street violence has rocked Iran since Amini's death on September 16, three days after she was arrested by the morality police.
  • The EU on October 17 imposed sanctions against the morality police and 11 officials including Iran's telecommunications minister.

Saudi expecting tens of thousands of World Cup fans: Minister

The efforts are intended to jumpstart the nascent tourism sector in the once closed-off kingdom, which only began issuing tourist...
  • Weekly flights from Saudi to Qatar will soar to 240 during the month-long tournament, up from six normally, tourism minister Ahmed Al Khateeb said.
  • Saudi Arabia has offered multi-entry 60-day visas to holders of the World Cup's Hayya pass, the compulsory permit available to ticket-holders.

China fiscal deficit balloons to nearly $1trn as economy cools

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all...
  • China is also battling an unprecedented crisis in its real estate sector, which makes up more than a quarter of the country's GDP when combined with construction
  • Consumer demand has also been dampened by sudden lockdowns and strict travel restrictions under Beijing's strict zero-Covid policy

Israel shares intel with US on Iran drones in Ukraine

Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran...
  • Antony Blinken said he would speak to Herzog about "the real concern that we have about the violence that we're seeing on the West Bank"
  • Israel has not been willing to provide Ukraine with the Iron Dome, its state-of-the-art defensive air umbrella developed with the United States

India fines Google $113 mn for ‘unfair’ payment system

The CCI ordered Google to allow app makers to use third-party billing systems and treat rival payment processing services on...
  • The California-based company's Android mobile operating system is by far the dominant player in India and runs on 95 percent of all the country's smartphones
  • Independent developers distribute their own software on Android through the company's app store, Google Play, but must use Google's billing system to collect revenue

Israel’s cost of living crisis becomes election issue

Israel, with its turbulent politics, heads back to the polls next Tuesday, for the fifth general election in less than...
  • Much of the world has endured rapid inflation since Russia's war in Ukraine started early this year, driving up energy and food prices everywhere
  • But in Israel the problem has been acute for years, blamed in part on the strong shekel which makes imports more expensive

Google’s money churning ad engine sputters in rough economy

Worsening the financial situation for Alphabet is the fact that Google tends not to aggressively promote advertising on its platform...
  • Alphabet said it made a profit of $14 billion in the third quarter on ad revenue that grew just 6 percent to $69 billion when compared with the same period of last year
  • Alphabet recruited throughout the pandemic, but announced a slowdown in hiring as ad revenue growth cooled this year

Mass funerals after Israeli raids on West Bank militants kill six

The Palestinian health ministry said five people were killed in Nablus in the northern West Bank, where Israel confirmed an...
  • Israeli Prime Minister Yair Lapid said that "the head" of the Lions' Den, was among those killed
  • US Secretary of State Antony Blinken said the US had "real concern" over the West Bank violence

Libya signs two defense deals with Turkey

Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large...
  • The latest deals come three weeks after Turkey's Foreign Minister Mevlut Cavusoglu signed a deal in Tripoli allowing for oil and gas exploration in Libya
  • The agreement was rejected by a rival administration in the war-torn country's east, as well as neighboring Egypt

Saudi energy minister blasts release of oil reserves ‘to manipulate markets’, warns of ‘painful’ times

"People are depleting their emergency stocks ... its profound purpose was to mitigate the shortage of supply," says Prince Abdulaziz...
  • Prince Abdulaziz did not single out the US, but last week US President Joe Biden announced he was putting the final 15 million barrels on the market.
  • That tranche was to complete a 180-million-barrel release authorized in the spring, in response to price hikes linked to Russia's invasion of Ukraine.

Major Israeli rights groups brand Gaza campaign ‘genocide’, a first for Israeli NGOs

Rights groups B'Tselem and Physicians for Human Rights Israel have been frequent critics of Israeli government policies, but the language...

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Activists occupy Columbia building as US campus protests flare

Demonstrators vowed to remain at the hall until their demands are met, including that Columbia divest all financial holdings linked...

Hopes rise for possible truce deal between Israel and Hamas

Jerusalem, Undefined - Hopes rose on Monday for a long-sought-after truce and hostage release deal after almost seven months of war...

European, Arab ministers meet in Saudi to jump-start two-state solution

Earlier on Monday, European Union foreign policy chief Josep Borrell told reporters he would encourage Arab leaders to put forward...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Blinken promotes Gulf Arab defence in sign to Israel and Iran

US Secretary of State Antony Blinken called Monday for tighter defence integration among Gulf Arabs in response to Iran, part...
  • Blinken said the United States would hold defense talks in the coming weeks with the six-nation bloc
  • Blinken: 'US-Saudi security pact for Israel normalization nears 'completion'.

Palestinian prisoner in Israel wins top fiction prize

Abu Dhabi, United Arab Emirates - Palestinian writer Basim Khandaqji, jailed 20 years ago in Israel, won a prestigious prize for...
  • The award of the 2024 International Prize for Arabic Fiction was announced at a ceremony in Abu Dhabi
  • The prize was accepted on Khandaqji's behalf by Rana Idriss, owner of Dar al-Adab, the book's Lebanon-based publisher

Hamas says no ‘major’ issues, as Gaza truce effort builds

Egypt, Qatar and the United States have been trying to mediate a new truce ever since a one-week halt to...
  • A delegation from the Islamist movement will arrive in Egypt on Monday to deliver the group's response to Israel's counterproposal, a senior Hamas official told AFP
  • Israel's government has come under intense pressure from global allies to reach a ceasefire in the war that humanitarians say has brought Gaza to the brink of famine