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

UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages

The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...

World Cup boom pushes some Qatar residents out of homes

With the World Cup a few weeks away, and a million fans expected to descend on Doha, Qatari landlords are...
  • FIFA recently released thousands of hotel rooms it had reserved, which experts have said could push prices of hotel rooms down in the coming weeks
  • Some Doha residents are putting their flats and houses up for rent and fleeing Qatar for the month

UN says Ukraine war pushes 4m children into poverty

Paris, France— Russia's invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe...
  • UNICEF said that children were bearing the heaviest burden of the economic crisis caused by the war in Ukraine
  • UNICEF drew its conclusions from a study of data from 22 countries

Egypt temporarily bans hugely popular ‘mahraganat’ singers

Mahraganat, often known as "electro-shaabi", or popular electro, relies heavily on computer-generated and synthesised beats, and has a wide reach....
  • The suspension came as Egyptian singer Mustafa Kamel became the union's chief
  • His predecessor, Hani Shaker, had led a campaign against what he called an "unacceptable" genre

President Raisi of Iran accuses Joe Biden of “inciting chaos”

Accusing the US President Joe Biden of "inciting chaos" after he expressed support for protests in Iran, President Ebrahim Raisi...
  • The street violence has led to dozens of deaths, mostly among protesters but also among the security forces, and hundreds have of demonstrators been arrested
  • Biden had said Friday that "we stand with the citizens, the brave women of Iran

Iraq unveils archaeological park with ancient carvings

The 13 stunning monumental rock-carved bas-reliefs were cut into the walls of an irrigation canal that stretches for some 10km at Faida...
  • The panels, measuring five metres (16 feet) wide and two metres tall, date from the reigns of Sargon II (721-705 BC) and his son Sennacherib.
  • The carvings were unearthed during several digs over recent years, by archaeologists from Kurdistan and Italy's University of Udine.

Iraq investigates $2.5 billion ‘theft’ from tax agency

The anti-corruption commission announced Sunday it has launched an investigation and said in a statement that it will provide the...
  • The finance ministry's probe uncovered a theft of 3.7 trillion Iraqi dinars (about $2.5 billion) from the account of general commission for taxes at Rafidain Bank
  • Iraq ranks 157 out of 180 countries in Transparency International's corruption perceptions index and criminal charges are rare in the country

IMF and Tunisia reach agreement on $1.9 billion loan

The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval...
  • Under a four-year accord, Tunisia has committed to undertake a "comprehensive economic reform program" as the country gets access to the money.
  • On Saturday, thousands of people took to the streets of Tunis and protested against the policies of President Kais Saied who seized power last year.

Qatar says over 1.5 million apply for compulsory World Cup pass

All travelers to Qatar will need the pass to enter from November 1, whether they intend to watch a game...
  • Qatar has said it expects more than one million foreign visitors, as well as hundreds of thousands of domestic fans.
  • The two international airports in Qatari capital will handle 150,000 entries a day during the football tournament that begins on November 20

Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...
  • The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.
  • The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.

Iran says situation ‘under control’ after ‘trouble’ at prison

Tehran, Iran - "Troubles" erupted between inmates and guards at Tehran's Evin prison and a fire broke out but the situation...
  • "Troubles and clashes took place on Saturday night" in the prison and "rioters" started a fire, local news agency said
  • At least eight people were injured, but "the situation is currently completely under control," said the security source.

UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages

The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...

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G7 nations oppose ‘full-scale military operation in Rafah’

Ministers from Italy, the UK, US, France, Germany, Japan and Canada also slammed the "unacceptable number of civilians" killed in...

Oil prices surge, Asian markets fall following Iran explosions

Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent...

Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran

Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers

Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets...
  • Israel and Hizbollah, an Iran-backed Hamas ally, have been exchanging near-daily cross-border fire since the Palestinian group attacked southern Israel on October 7
  • But Hizbollah strikes in the past few days have included a growing use of explosive drones and wounded people in Israel, which has struck deeper into Lebanon in recent weeks

Climate impacts set to cut 2050 global GDP by nearly a fifth

But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century,...
  • Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth.
  • Germany and the United States are forecast to see income shrivel by 11 percent by 2050, and France by 13 percent.

Italy PM Meloni visits Tunisia for migration talks

Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
  • Meloni met with Saied, who vowed in a national security meeting the day before that Tunisia "will be neither a center nor a crossing point" for sub-Saharan migrants
  • "Cooperation on migration remains a central aspect of the relationship between Italy and Tunisia," Italian officials said