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

Fans warned to be ready for World Cup queues

Private cars will be banned from many streets and residents near some stadiums will need permits to get to their...
  • The gulf state of 2.9 million people will be the smallest to hold the World Cup that starts November 20
  • Qatar has spent billions of dollars on a state-of-the-art driverless metro rail network that serves five of the eight stadiums

13 die in clashes between rival factions in northwest Syria

Beirut, Lebanon— Thirteen people, mostly fighters, have been killed in two days of ongoing clashes between rival factions competing for power...
  • According to reports, fighting between two pro-Turkish Syrian rebel groups began in the town of Al-Bab in northern Aleppo province before spreading to other areas
  • Syria's war has killed nearly half a million people and forced around half of the country's pre-war population from their homes

Auctioneers unveil Microsoft co-founder’s $1bn art collection

Allen co-founded Microsoft with Bill Gates in 1975, becoming fabulously rich as the company grew into the computing behemoth it...
  • Five centuries of touchstone works featuring some of the most significant creators in history are being sold next month
  • The collection of more than 150 pieces includes work by Vincent Van Gogh, Claude Monet, Paul Gauguin and Jasper Johns

Louvre Abu Dhabi celebrates fifth anniversary with art show

To mark the fifth anniversary of the opening of Louvre Abu Dhabi, a major exhibition of impressionist art opened in...
  • Louvre Abu Dhabi director Manuel Rabate said one of the "fundamental missions" of the museum was to "present the great movements of the history of art such as Impressionism"
  • French President Emmanuel Macron inaugurated the Louvre Abu Dhabi in 2007 in the Emirates, one of the world's leading oil exporters

IMF says countering inflation with tax cuts would be ‘too costly’

The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...
  • Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.
  • Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.

Biden to ‘re-evaluate’ Saudi ties after OPEC snub

The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision...
  • Saudi Arabia has defended the planned production cuts, saying the priority of OPEC+ was "to maintain a sustainable oil market"
  • Partnership between US and Saudi Arabia was sealed after World War II, providing the kingdom with military protection in exchange for American access to oil

Russia-Germany oil pipeline partly shut after leak: operator

The Druzhba (Friendship) pipeline network was started in the 1960s and now covers 5,500 kilometres, pumping oil from the Urals...
  • The leak was detected late on Tuesday near the village of Zurawice about 180 kilometres (112 miles) to the west of Warsaw in central Poland
  • PERN spokeswoman Katarzyna Krasinska was quoted by PAP news agency as saying that the pipeline was mainly supplying two refineries in Schwedt and Spergau in Germany

Meta unveils new virtual reality headset Quest Pro

Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using...
  • The $1,500 Meta Quest Pro features a number of new features that are meant to improve users' perception of truly being in the presence of other people
  • The headset makes it possible to view not only virtual worlds but also the real environment of the user, thanks to high-resolution outward-facing cameras

Second Israeli soldier shot dead within days as violence surges

Violence has surged in recent months in the Israeli-Palestinian conflict, amid near daily West Bank raids and an uptick in...
  • The shooting was claimed by "The Lions' Den", a loose coalition of Palestinian fighters which has emerged in recent months
  • Defence Minister Benny Gantz vowed to "get our hands on the terrorist and those who helped him", writing on Twitter

Tunisian coastguard intercept about 200 migrants

Nearly 200 migrants attempting to reach Europe across the Mediterranean Sea were intercepted by Tunisian coastguards over the weekend. In...
  • More than 22,500 migrants have been intercepted off the Tunisian coast since the start of the year, around half of them from sub-Saharan Africa
  • According to EU border agency Frontex, between January and July more than 42,500 migrants used the central Mediterranean route -- the world's most deadly

Gaza civil defence says Israeli forces kill 28 people

Gaza's civil defence agency said Israeli military operations killed at least 23 people on Friday across the Palestinian territory, with...

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Heavy floods hit Dubai airport as Oman death toll rises to 18

Dubai, the Middle East's financial center, was paralyzed by the heavy storms that caused widespread flooding around the United Arab...

Jordan says won’t become ‘theatre of war’ between Israel and Iran

If the Gaza war raging since October 7 has created tough challenges for Jordan, it now faces the additional threat...

Heavy storms soak Gulf as Oman toll rises to 18

Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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‘Bad for business’: Gulf states scramble to avert wider war

Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and...
  • Saudi Arabia and the United Arab Emirates have both faced previous attacks on oil facilities
  • The conflict is increasingly creating a new regional balance of power

Iran closed nuclear facilities in wake of Israel attack: IAEA chief

Tehran, Iran Iran temporarily closed its nuclear facilities over "security considerations" in the wake of its massive missile and drone...
  • International Atomic Energy Agency (IAEA) chief Rafael Grossi: "All (Iranian) nuclear facilities that we are inspecting every day would remain closed
  • Israel has carried out operations against nuclear sites in the region before

Palestinian officials say Israeli settlers kill two in West Bank

The West Bank, which Israel has occupied since 1967, has seen a surge in violence since early last year, particularly...
  • The Palestinian health ministry named the victims of the attack near Nablus as Abdulrahman Maher Bani Fadel, 30, and Mohammed Ashraf Bani Jame, 21
  • The mayor of Aqraba, Salah Bani Jaber, told AFP "dozens of settlers attacked" the nearby hamlet of Khirbet al-Tawil late on Monday