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

UN summit returns in divided world

After two years of pandemic restrictions and video addresses, the UN General Assembly is again asking leaders to come in...
  • This year, Ukraine will be very high on the agenda. It will be unavoidable, top EU diplomat Josep Borrell told reporters in New York
  • But UN Secretary-General Antonio Guterres has been urging leaders not to forget other priorities such as education, the topic of a special summit on Monday

France’s Macron to meet Iran’s Raisi for revival of nuclear accord

The Biden administration says the deal remains the best way to restrict Iran's nuclear program but has been increasingly pessimistic...
  • Macron will meet President Ebrahim Raisi on Tuesday on the sidelines of the UN General Assembly in New York and with US President Joe Biden the next day
  • Raisi, in an interview with CBS News' "60 Minutes," said he was open to a "good" deal but pressed for guarantees from Biden that the US will not again leave the accord

Without collaboration, green transition ‘delayed by decades’: IEA

Against the backdrop of surging energy prices and the threat of a global food crisis, the IEA urged nations to...
  • At last November's COP26 climate summit in Glasgow, 45 countries vowed to work together on the deployment of green tech across a variety of sectors
  • Greater coordination between countries would make key green technologies cheaper for developing nations to deploy at scale, the IEA said

Anti-terror probe of Tunisia opposition chief delayed

Ennahdha categorically denies the claims that its leader, Rached Ghannouchi, and Tunisia's former prime minister Ali Laarayedh were involved in...
  • Ghannouchi had arrived at the headquarters of the anti-terrorism centre on Monday afternoon for questioning
  • In a statement released overnight, Ennahdha denounced the interrogation as "a flagrant violation of human rights."

World Bank urges Sahel nations to diversify economies

Alerting five West African countries to the danger posed by climate change, the World Bank has urged them to diversify...
  • World Bank warned that millions were at risk or already experiencing food insecurity due to low agricultural production from extreme weather
  • The report includes proposals such as restoring degraded land and boosting economic opportunities for communities

Britain and the world bid adieu to Queen Elizabeth II

Britain said farewell to Queen Elizabeth II at a historic state funeral attended by world leaders, before a ceremonial journey...
  • The gun carriage - used at every state funeral since Queen Victoria's in 1901 - was drawn by 142 junior enlisted sailors in the Royal Navy.
  • The thousand-year-old church's tenor bell tolled 96 times at one-minute intervals - one for every year of her life - and stopped a minute before the service began.

German chancellor to visit Saudi seeking energy support

Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest...
  • On Sunday, Scholz will meet with UAE President Sheikh Mohamed bin Zayed Al-Nahyan, and in the afternoon will hold talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani.
  • German Economy Minister Robert Habeck already visited Qatar and the UAE in March in an effort to find alternatives to Russian gas,

Switzerland to buy 36 US F-35 stealth fighter jets for $6.2 billion

Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more...
  • Switzerland joins a growing number of European countries which have opted for the stealth multi-role combat aircraft, including Belgium, Britain, Denmark, Finland.
  • Swiss voters had narrowly approved in September 2020 spending 6 billion Swiss francs to replace the country's fleet of ageing fighter jets

Iran President seeks US guarantees to renew nuclear deal

"We cannot trust the Americans because of the behavior that we have already seen from them. That is why if...
  • EU foreign policy chief Josep Borrell told AFP last week that negotiations to bring Iran back into the deal are stalemated, after proposals from the parties "were converging".
  • Three years later, Donald Trump pulled out and reimposed sweeping sanctions. President Joe Biden supports a return but Iran's call for guarantees has become a sticking point.

Markets drop again as traders brace for another big Fed hike

With recent data showing US inflation rooted at four-decade highs, investors are increasingly pessimistic about the outlook for the global...
  • Several central banks are due to make rate announcements this week, with Japan and Britain among the biggest, although the main event is Wednesday's Fed decision.
  • Policymakers, including Fed boss Jerome Powell, have repeatedly said their ultimate aim is to bring inflation under control, even if that means sending the economy into recession.

WHO says Gaza facilities attacked as Israel expands operations, calls for ceasefire

WHO chief Tedros Adhanom Ghebreyesus said the Israeli military had entered the UN agency's staff residence, forced women and children...

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Bodies of slain foreign aid workers taken out of Gaza

Israel's armed forces chief Herzi Halevi called the attack a "grave mistake", which he blamed on night-time "misidentification", adding in...

Turkish Airlines profits soar

In December, the airline ordered 230 Airbus planes.

Pope expresses ‘deep sorrow’ over killing of Gaza aid workers

Vatican City, Holy See - Pope Francis expressed his "deep sorrow" on Wednesday for the deaths of seven charity workers killed...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Taiwan suffers from biggest earthquake in 25 years

NEW TAIPEI CITY, TAIWAN - Liu watched intently as rescuers carefully picked their way through the remains of a warehouse that...
  • The quake was felt across Taiwan, with more than 100 aftershocks unnerving the island of around 23 million.
  • Its epicentre was in eastern Hualien county, a mountainous region known for its picturesque trails and seascape views.

UN rights council to consider call for Israel arms sales halt

The UN Human Rights Council on Friday is set to consider a draft resolution calling for a cessation of arms...
  • The draft resolution condemns the "use of starvation of civilians as a method of warfare in Gaza".
  • It demands that Israel "uphold its legal responsibility to prevent genocide".

Israel blames Hizbollah for blast that wounded UN peacekeepers

Jerusalem, Undefined - Israel's military said Wednesday it had obtained information that indicated a Hizbollah explosive charge caused the blast that...
  • Israeli army spokesman said the explosion occurred after a UNIFIL patrol passed over a charge previously placed by Hizbollah in the area
  • Lebanon's state-run National News Agency reported an "enemy (Israeli) drone" raided the Rmeish area of southern Lebanon where the incident is said to have occurred.