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

Lebanon’s lawmakers fail to elect President

Lebanon's parliament failed to elect a new president after a first round of voting amid deep divisions over a replacement...
  • Christian politician Michel Moawad, son of former president Rene Moawad, emerged as the front-runner but his 36 votes fell well short of the 86 needed to win the first round.
  • The session was attended by 122 of parliament's 128 members, of whom 66 cast blank ballots.

Dozens of aid groups urge Yemen ceasefire extension

Ahead of the truce's current expiration date on Sunday, 44 aid agencies issued a joint statement to "remind all parties...
  • The UN-brokered ceasefire, which took effect in April and has twice been renewed, has reduced casualties by 60 percent and quadrupled fuel imports into rebel-held Hodeida port.
  • Renewed commercial flights from the capital Sanaa, seized by the Huthis in 2014, have allowed 21,000 Yemenis to access medical care.

Apple App Store pulls Russian social network VKontakte

The British government on Monday sanctioned 92 Russian individuals and entities after President Vladimir Putin's regime held referendums in Moscow-controlled...
  • The sanctions target those behind these sham votes, as well as the individuals that continue to prop up the Russian regime's war of aggression
  • VKontakte apps are used for messaging, digital payments and grocery shopping as well as social networking

H&M posts big quarterly drop in profit after Russia exit

The world's number two clothing group is among a slew of Western companies that have exited Russia following Moscow's invasion...
  • The company said Thursday its net profit fell to 531 million kronor ($47 million) in the third quarter, down 89 percent from the same period last year
  • The group said in its earnings statement that it would launch cost-cutting measures that would result in savings totaling two billion kronor

Protest-hit Iran launches strikes that kill 13 in Iraqi Kurdistan

The September 16 death of Kurdish Iranian woman Mahsa Amini, 22, while in the custody of Iran's morality police has...
  • Iran state television said the Guards had "targeted several headquarters of separatist terrorists in northern Iraq with precision missiles and destructive drones."
  • The United States said it "strongly condemns" Iran's "brazen attacks" and warned against further strikes, said State Department spokesman Ned Price

Fourth leak detected at Nord Stream pipelines in Baltic Sea

A Swedish Coast Guard official said that there are two leaks on the Swedish side and two leaks on the...
  • Media reported that the latest leak was detected at the Nord Stream 2 pipeline, but the coast guard did not confirm this
  • The vast leaks cause significant bubbling at the surface of the sea several hundred meters wide, making it impossible to immediately inspect the structures

EU proposes new Russia sanctions including oil price cap

European Union also plans to expand its travel blacklist and asset freezes to include high-ranking Russian defense officials and organizers...
  • The EU will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU that could help Russia's war machine
  • The push for an oil price cap is aimed at limiting how much third countries, such as China and India, pay for Russian crude

19 dead in Morocco after drinking toxic alcohol

Police arrested a 48-year-old suspect in connection with the incident, the Directorate General of National Security (DGSN) said in a...
  • About 30 people were taken to hospital in critical condition, with two still in intensive care
  • Victims suffered from headaches, vomiting and stomach cramps, a nurse at a hospital said

Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO

Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is...
  • Parent company Volkswagen is set to raise 9.4 billion euros from the listing with Porsche's shares each to be issued at 82.50 euros
  • Some of the cash raised will be ploughed into Volkswagen's high-speed drive towards electric vehicles

Pope Francis first ever pontiff scheduled to visit Bahrain

Francis will visit the capital of Manama and city of Awali during the November 3 to 6 trip. He will...
  • The pontiff received Bahrain's King Hamad bin Isa al-Khalifa at the Vatican in 2014.
  • He is likely to visit the cavernous Cathedral of Our Lady of Arabia, in Awali, which opened its doors last year.

Hamas confirms it responded to latest Gaza truce proposal

Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...

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UN agency chief laments Gaza war as ‘betrayal of humanity’

United Nations - Israel's war against Hamas in Gaza has escalated into a "betrayal of humanity", the United Nations' humanitarian...

Hamas to stick on truce conditions amid renewed Cairo talks

"The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their...

Iran vows to make enemy ‘regret’ killing of revolutionary guards

Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Tesla to unveil robotaxi in August

Its shares rose more than three percent in after-market trades.
  • Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X
  • Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

Meta to label AI-generated content

It seeks to reassure users over the risks of deepfakes.
  • The company said it will no longer remove manipulated images and audio that don't otherwise break its rules
  • The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

Biden exhorts Egypt, Qatar to press Hamas on hostage deal

US, Egypt and Qatar have been engaged in weeks of behind-the-scenes talks in a bid to secure a temporary truce...
  • Biden has written letters to the leaders of Egypt and Qatar on the state of the talks
  • His call with Netanyahu included discussions on "getting a hostage deal done"