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

Lebanese currency slides to record low amid bank closures

With four out of five Lebanese now considered poor according to the United Nations, the country has been desperately seeking...
  • For decades, the Lebanese pound was pegged at 1,500 to the dollar, meaning that it has lost around 95 percent of its value since 2019
  • Unable to transfer or withdraw their dollar deposits, many have resorted to desperate bank heists to free their money

Joe Biden says Covid pandemic in US “is over”

Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in...
  • With Covid restrictions largely eliminated and travel having rebounded to pre-pandemic levels in the US, the comments were reflective of the current status of much of US society
  • Biden's remarks come only a few weeks after his administration asked Congress for billions of dollars in funding to maintain its testing and vaccine programs

Iran takes battle of frozen US assets before UN’s top court

Iran wants billions of dollars in US assets to be unfrozen and returned to it, while the US says money...
  • The case before the International Court of Justice comes as hopes fade of reviving a landmark deal which former US president Donald Trump withdrew from in 2018
  • In 2008, US announced that it was pulling out of the Treaty of Amity after the ICJ in a separate case ordered Washington to lift sanctions on Iran

Fossil fuel reserves contain 3.5tn tonnes of CO2: database

The global registry, Containing more than 50,000 fields across 89 countries, it found that some countries on their own held...
  • UN's annual Production Gap assessment last year found that governments plan to burn more than twice the fossil fuels by 2030 that would be consistent with a 1.5C world
  • The most potent source of emissions is the Ghawar oil field in Saudi Arabia, which churns out some 525 million tons of carbon emissions each year

Britain and the world say farewell to Queen Elizabeth II

The longest-serving monarch in British history, Queen Elizabeth II, is laid to rest on Monday, after a grand state funeral...
  • She died aged 96 at Balmoral, her Scottish Highland retreat, on September 8 after a year of declining health
  • The queen's eldest son and successor, King Charles III, 73, will lead mourners, alongside his three siblings and his heir, Prince William

Turkey attacks Syria army outpost, kills three

Turkey struck back in northern Syria after its forces were shelled from near Kobane in the latest deadly escalation that...
  • Last month, the Syrian government said it would respond to direct attacks by Turkey against its forces
  • Turkey has launched a series of cross-border offensives targeting Kurdish forces and the Islamic State group since 2016

Electricity shortage pushes South Africa towards blackouts

On an eight-notch scale of rolling blackouts, the country has reached the sixth critical stage. Level six was seen in...
  • State-owned Eskom announced "a high stage of load shedding this week", using jargon for planned outages.
  • The rise in temperature since September with the arrival of spring usually leads to a drop in consumption, in particular with reduced heating demand.

Dented plaque, newsreel: Queen’s legacy in Aden

Queen Elizabeth II visited Aden in 1954. The war-torn Yemeni city's troubles are a reminder of Britain's complicated legacy in...
  • The plaque, scratched and dented and inscribed in English and Arabic, testifies that the queen, then 28, laid the foundation stone for the Al-Joumhouria hospital on April 27, 1954,
  • Some signs of British rule remain, including "Little Ben", a smaller version of London's Big Ben tower in black brick with a red-tiled roof, its clock long stopped.

King to host world leaders as UK counts down to queen’s funeral

After witnessing the sombre scene in parliament's Westminster Hall, Biden, Japan's Emperor Naruhito and other world leaders were due to...
  • Britain holds a minute's silence at 8:00 pm (1900 GMT) on Sunday to reflect on the "life and legacy" of the queen ahead of her funeral
  • Leaders from Russia, Afghanistan, Myanmar, Syria and North Korea were not invited to join the 2,000 guests

Tunisian ‘hanging garden’ farms cling on despite drought

The "hanging gardens" of Djebba El Olia have been put to the test this year as the North African country...
  • The "hanging gardens" of Djebba El Olia have been put to the test this year as the North African country sweltered through its hottest July since the 1950s
  • That has exacerbated a long drought that has left Tunisia's reservoirs at just a third of their capacity

US President Trump ‘caught off guard’ by Israeli strikes in Syria

US President Donald Trump was "caught off guard" by Israeli strikes in Syria last week, White House spokeswoman Karoline Leavitt...

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From polar bears to groundwater, nature is riddled with ‘forever chemicals’

Paris, France - They didn't exist a century ago but today PFAS "forever chemicals" contaminate the environment from groundwater to Antarctic...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Polish PM warns of strained relations with Israel after aid workers killing

"If it is true that the convoy was deliberately attacked because it was supposed to contain a terrorist, and that...
  • Directly addressing Israeli leader Benjamin Netanyahu and Israel's envoy to Warsaw, Tusk posted on X: "Today, you are putting this solidarity to the test"
  • The Israeli strike killed seven aid workers in Gaza, including Australian, British, Palestinian, Polish and US-Canadian staff.

Oil prices hit fresh five-month high on OPEC reduction output

Oil prices rose around one percent, with Brent crude closing in on $90 per barrel, as OPEC experts met to...
  • Gold zoomed to an all-time pinnacle at $2,288.40 per ounce in Asian trade on haven demand amid geopolitical tensions and the prospect of rate cuts.
  • Eurozone stocks advanced as a drop in inflation raised hopes of a rate cut by the European Central Bank, while Wall Street stocks rose following strong jobs data.

Palestinians relaunch bid to become UN member state

The Palestinians, who have had observer status at the world body since 2012, have lobbied for years to gain full...
  • To win the council's approval for the membership, the Palestinians would have to secure nine votes from the 15 members and no veto from any of the five permanent members
  • The League of Arab States, the Organization of the Islamic Conference and the Non-Aligned Movement sent a letter to Guterres on Tuesday supporting the bid by the Palestinians