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

US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn

Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities...
  • The settlement is the latest hit to Boeing over the MAX following the Lion Air Crash in Indonesia in October 2018
  • US air safety authorities cleared Boeing's 737 MAX to resume service in November 2020 following a 20-month grounding after the crashes

Facebook whistleblower launches nonprofit to take on big tech

The new Beyond the Screen nonprofit said that its first project will be to document ways big tech is failing...
  • Haugen last year leaked reams of internal studies showing executives knew of their site's potential for harm, prompting a renewed US push for regulation
  • Since leaving Facebook in 2021, Haugen has advocated in the US and other countries for legislation meant to make social media platforms safer

Ahead of World Cup, influencer ‘Mr Q’ lifts veil on Qatar

Qatar has dozens of online influencers on topics ranging from "modest" but expensive fashion, to the latest sports car being...
  • The 38-year-old has become a social media hit by partially lifting the veil over the tiny but mega-rich Gulf state
  • Haroon's cheerful #QTip videos broach everything from saying "Hello" in Arabic to the right way for men to wear the flowing ghutra headdress

Israel PM: World must use force if Iran builds nuclear bomb

For the past 10 days, various officials have suggested the deal - which US then-president Donald Trump scrapped in 2018...
  • Israel has been conducting an intense diplomatic offensive in recent months to try to persuade the US and European powers not to renew the 2015 Iran nuclear deal
  • A senior US official downplayed any differences between Lapid and President Joe Biden, who has vowed not to let Iran develop an atomic bomb

Death toll mounts in Iran protests as online services cut

Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...
  • Protesters have been heard shouting "death to the dictator" and "woman, life, freedom" in video footage shared widely online
  • The US Treasury placed the morality police on its sanctions blacklist, holding it responsible for Amini's death

South Africa seeks wind energy to resolve power situation

South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening...
  • The coal-dependent country picked 25 wind and solar projects to generate a total of 2,583 megawatts.
  • Official data earlier this month confirmed that GDP of South Africa shrank partly owing to the energy crisis.

Ukraine suffered nearly $1 trillion in losses since Russian invasion

The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...
  • In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.
  • The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.

Fossil fuels make up 90 percent of Middle East air pollution: Study

In 2017, an international team of researchers set off on an epic voyage across the eastern Mediterranean, through the Suez...
  • The World Health Organization this year said the MENA region had some of the poorest air quality on Earth.
  • Emissions from container vessels in one of the busiest shipping lanes in the world also contributed to the smog.

Xiamen Airlines to buy aircraft

The airline plans to buy 40 A320neo aircraft from Airbus.
  • The airline, based in the southeastern city of Xiamen has until now had exclusively Boeing aircraft in its fleet.
  • While weakened by the pandemic, airlines around the world are preparing for an expected doubling of air travel in the next two decades.

‘Hungary wants EU sanctions on Russia lifted by year end’

Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a...
  • Hungary is highly dependent on Russian oil and gas and Budapest has already secured an exemption from sanctions on Russian crude oil imports via pipelines.
  • EU foreign ministers held an emergency meeting to discuss after Moscow mobilized reservists for its war in Ukraine.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

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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...

Bodies of killed Iranian soldiers reaches Tehran from Syria

Tehran, Iran - Iran has repatriated the bodies of seven Revolutionary Guard Corps members killed in a strike on the country's...

Israel revokes leave for all combat units amid Iran threat

Jerusalem - The Israeli army has suspended leave for its combat units, it said on Thursday, amid the Gaza war...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
  • Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
  • Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.

Britain expands investigation into Vodafone-Three UK merger

London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...
  • The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.
  • The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.

Born to help: Syria bikers deliver Ramadan meals

The volunteers don their club's signature blue vest, the front and back embroidered with their emblem: a flaming motorbike and...
  • "We hit the most disadvantaged areas," said Tarek Obaid, head of Hope Bikers Syria, whose 50 volunteers make and distribute the food for various charities in the Syrian capital
  • Syria has been ravaged by 13 years of war that has killed more than half a million people and battered the country's economy and infrastructure.