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

German bakeries struggle to survive as costs spiral

Germany's center-left government has announced relief measures worth almost 100 billion euros to tackle inflation, but small businesses have so...
  • The war has sent energy prices spiraling across Europe, but especially in Germany, which was previously heavily dependent on Russian gas
  • Many bakeries in Germany have already gone under as a result of recent cost increases, with others staging protests to demand urgent help from the government

Lebanon migrant ship death toll rises to 94

The toll has repeatedly ratcheted higher since the first bodies were found on Thursday. The United Nations High Commissioner for...
  • At least 14 survivors were recovering in hospitals in Syria, while six others were discharged
  • Since 2020, Lebanon has seen a spike in the number of migrants using its shores to attempt the perilous crossing in jam-packed boats to reach Europe

Reformers call for an end to Iran’s mandatory dress code

Calling for an end to the mandatory Islamic dress code for women in force since 1983, the Union of Islamic...
  • Under the law adopted in 1983, all women, regardless of faith or nationality, must conceal their hair with a headscarf in public
  • According to official figures at least 35 people have been killed and hundreds wounded in the protests that erupted after Amini's death

Egypt to make bid to host 2036 Olympic Games

Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid...
  • An Egyptian official announced earlier in the month that Egypt, Greece and Saudi Arabia were in talks to jointly host the 2030 World Cup
  • Egypt staged the 2019 Africa Cup of Nations, as well as last year's handball world championship during the Covid-19 pandemic

NASA scraps scheduled Moon launch due to tropical storm

NASA has called off the scheduled Tuesday launch of its uncrewed mission to the Moon due to a tropical storm...
  • The US National Hurricane Center (NHC) said Tropical Storm Ian is due to "rapidly intensify" over the weekend as it moves toward Florida.
  • A successful Artemis 1 mission would come as a huge relief to NASA, after years of delays and cost overruns.

Russia stiffens penalty for surrender, replaces general

Moscow replaced its top logistics general after setbacks as Kremlin-held regions of eastern and southern Ukraine voted for a second...
  • The voting on whether Russia should annex four regions of Ukraine has dramatically raised the stakes.
  • Russia's partial mobilization will likely be one of his first big logistical challenges with hundreds of thousands of reservists needing to be trained before deployment.

German Chancellor in Saudi Arabia on energy hunt

German Chancellor Olaf Scholz arrived in Saudi Arabia at the start of a two-day Gulf tour, in the hope of...
  • Germany wants to extend cooperation on new technologies such as green hydrogen produced using renewable energy.
  • Germany hopes to agree new energy partnerships with the oil-and gas-rich Gulf states, with the loss of supplies from Russia in the wake of the invasion of Ukraine.

TotalEnergies, Qatar ink pact

TotalEnergies to invest $1.5bn in natural gas production.
  • Qatar Energy and TotalEnergies as partners will together work for the development of the North Field South gas project.
  • TotalEnergies will have 9.3 percent of the North Field South project, Qatar Energy Minister said, for which 25 percent will be reserved for foreign energy firms.

At least 35 dead in Iran protests: new state media toll

Amini died after spending three days in a coma after her arrest by Iran's morality police, a unit responsible for...
  • Demonstrators have taken to the streets of major cities across Iran, including Tehran, for eight straight nights since the death of Mahsa Amini
  • The 22-year-old Kurdish woman was pronounced dead three days after her arrest in the Iranian capital for wearing the hijab headscarf in an "improper" way

What could happen if Putin used nuclear weapons in Ukraine?

"Those who are trying to blackmail us with nuclear weapons should know that the wind can also turn in their...
  • Analysts say Moscow would likely deploy one or more "tactical" or battlefield nuclear bombs
  • These are small weapons, ranging from 0.3 kilotons to 100 kilotons of explosive power

More than 100 NGOs warn ‘mass starvation’ spreading across Gaza

The UN said on Tuesday that Israeli forces had killed more than 1,000 Palestinians trying to get food aid since...

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UN human rights council demands halt to arms sales to Israel

The resolution -- which passed with 28 of the council's 47 member states voting in favour, six opposed and 13...

Aid worker killed by Israel felt need to help, parents say

Washington, United States--The father of US-Canadian citizen Jacob Flickinger, one of seven aid workers killed in an Israeli strike earlier this...

Samsung expects 10-fold jump in Q1 profit

It expects operating profits to jump to US$4.89bn.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel acting against Iran and its proxies, says Netanyahu

Israel has declined to comment on the Damascus strike but analysts saw it as an escalation of Israel's campaign against...
  • He spoke after the army paused leave for combat units, blocked GPS signals in certain places and strengthened "alertness" as its war against Hamas in Gaza nears its seventh month
  • Tensions have been inflamed by Monday's strike against the Iranian consulate in Damascus that killed 16 people, according to the Syrian Observatory for Human Rights

Israel systematically destroying Gaza healthcare, says MSF

Doctors Without Borders (MSF) said deadly attacks on humanitarian staff showed either deliberate intent or reckless incompetence, and called for...
  • MSF said the healthcare system in Gaza before the war was imperfect but robust and improving
  • The medical charity said that Israel was acting with impunity in the Palestinian territory

NATO @ 75 seeks US-Europe alliance as Russia threat, Trump looms

Brussels, Belgium - NATO chief Jens Stoltenberg urged the United States to stick together with Europe as the Western military alliance...
  • Russian invasion of Ukraine re-invigorated NATO as it was confronted by one of most serious challenges since it emerged from the ashes of World War II to counter the Soviet Union.
  • But while the war has refocused NATO's attention on its old nemesis Moscow to the east -- there is also another threat unnerving allies from leading power the US in the west,