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

Russia holds talk with UK, France, Turkey on Ukraine war

In all three calls, Russian defense minister Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a...
  • Russian defense minister Sergei Shoigu held a phone call with the defense ministers of UK, Turkey and France
  • In all three calls, Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a 'dirty bomb'".

Israel to shell out millions of dollars on Einstein museum

JERUSALEM - The Israeli government decided on Sunday to allocate millions of dollars for a museum to house the world's...
  • The new museum will house the entire Einstein archive, and serve as an innovative space for scientific and technological education.
  • Einstein's theories of relativity revolutionized the field by introducing new ways of looking at the movement of objects in space and time.

Mohammad bin Salman to visit India on way to Indonesia for G-20 summit

The visit is expected to last a few hours on Nov 14, and the Saudi Crown Prince and the Indian...
  • Besides reviewing bilateral projects, the two leaders are also expected to discuss the progress on the Crown Prince’s promised $100-billion investment in India, the report said.
  • Doctors meanwhile advised the Crown Prince not to travel to Algiers for an upcoming summit, the Algerian presidency said Sunday.

Israeli court clears way for Lebanon maritime border deal

Jerusalem, Undefined—Israel's Supreme Court on Sunday paved the way for the signing of a maritime border deal with Lebanon, after it...
  • Israel and Lebanon, who are technically at war, agreed to terms earlier this month on a US-brokered deal to demarcate their disputed maritime border
  • Under the deal, Israel has full rights over the Karish gas field, which is expected to start gas production within weeks

Xi secures historic third term as China’s leader

Sunday's announcements came after a week-long Congress of 2,300 hand-picked party delegates during which they endorsed Xi's "core position" in...
  • Communist Party elected Xi as its general secretary for another five-year term, bringing the country back toward one-man rule after decades of power-sharing among its elite
  • On Saturday the delegates elected the Central Committee of around 200 senior party officials, who on Sunday chose the 24-person Politburo and the Standing Committee

Growing ‘Davos in the Desert’ a sign of Saudi clout

The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter,...
  • This year's FII, often referred to as "Davos in the Desert", comes after a months-long process of re-engagement with the West by Prince Mohammed
  • This year, however, US officials were not invited, something Attias said reflected a broader push to keep the focus on business leaders rather than politicians

Literature finds unlikely social media partner in TikTok

The #BookTok trend has exploded in recent times, with a growing number of readers posting reviews and engaging with writers.
  • To some, it seems counter-intuitive -- a platform known for short and often light-hearted videos is not the obvious place to encourage a contemplative activity like reading.
  • But videos with the hashtag have racked up billions of views, while bookshops are rushing to set up stands where creators can film videos.

Qatar pressed on safety of women travelling to World Cup

Five women are suing Qatar Airways and the state-run Qatar Civil Aviation Authority after they were removed from flights for...
  • According to papers filed with an Australian federal court earlier this month, the five women were between 31 and 73 years old at the time of Doha airport incident
  • Facing potentially devastating commercial and reputational damage, Qatar has repeatedly vowed to guarantee the future "safety and security" of passengers

UK’s Johnson, Sunak meet amid race for Tory leadership

Weeks after leaving office, former prime minister Boris Johnson, who returned from a Caribbean holiday, aimed to launch an audacious...
  • Johnson's apparent bid to reclaim power has already been decried by opposition politicians, and even some in his own fractured ruling party who are demanding stability and unity
  • Tory MP James Duddridge, a key Johnson ally who confirmed Friday the ex-leader was intent on standing, said Saturday that he had now secured the support of 100 colleagues

Iran says “riots” over Mahsa Amini’s death in “final days”

With dozens dead in demonstrations all across the country during the last several weeks, Iran now says that "riots" over...
  • The street violence has led to dozens of deaths, mostly among protesters but also among the security forces
  • State media characterized the unrest as attacks by "extremists" on police stations

The UN, the Palestinians, Israel and a stalled two-state solution

Ever since the partition of Palestine into Jewish and Arab states in 1947, the United Nations has been inextricably linked...

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Ship attacked by missiles off Yemen coast: UK agency

In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the...

Saudi Arabia could get first Miss Universe contestant this year

Riyadh, Saudi Arabia -- Saudi Arabia could have its first Miss Universe contestant this year, organizers said this week, after a...

Saudi Arabia to host top Arab, EU diplomats for Gaza talks: officials

The two-day World Economic Forum special meeting, scheduled to begin in Riyadh on Sunday, includes in its official program appearances...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi oil giant Aramco agrees major FIFA sponsorship deal

The deal involves sponsorship rights for multiple events including the 2026 Men's World Cup and the Women's World Cup the...
  • The deal is the latest high-profile investment in global sports for Saudi Arabia who have already been confirmed as the only bid for the 2034 World Cup.
  • In a joint statement it was confirmed Aramco would become FIFA's Major Worldwide Partner exclusive in the energy category.

Oman, UAE deluge ‘most likely’ linked to climate change: Study

Dubai, United Arab Emirates -- Global warming caused by fossil fuel emissions "most likely" exacerbated the intense rains that lashed the...
  • Extreme rainfall in El Nino years has become 10-40 percent heavier in the region affected, a study published by the World Weather Attribution (WWA) group found.
  • Twenty-one people died in Oman and four in the United Arab Emirates, which was battered by the heaviest rainfall since records began for the desert Gulf state 75 years ago.

Israel says forces carrying out ‘offensive action’ in south Lebanon

Israeli forces are carrying out "offensive action" across southern Lebanon, Defence Minister Yoav Gallant said Wednesday without specifying whether ground...
  • The Israeli army said Hizbollah "has established dozens of terror means and infrastructures in the area" to attack Israel
  • Cross-border exchanges of fire have flared between the Israeli army and Hizbollah since Hamas's October 7 attack on Israel triggered war in Gaza