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

Egypt looks to regain its glorious past

As Cairo gears up to open "the largest archaeological museum in the world," Egypt's former antiquities minister Zahi Hawass said...
  • The stele has been housed in the British Museum since 1802, inscribed with the legend "Captured in Egypt by the British Army in 1801"
  • No official requests for the treasures' return have been received "from the Egyptian government", according to the three European museums

US again approves most aid to Egypt despite rights concerns

President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on...
  • Some of Biden's political allies have pressed for a wider cutoff of aid to Egypt, which rights groups estimate is holding more than 60,000 prisoners of conscience
  • Senator Chris Murphy, a Democrat, scoffed at the idea that Egypt was making progress and earlier this week called on the administration to withhold more funds

Ford unveils newest Mustang, extending gasoline-powered life

The 50-minute event culminated with the arrival of three sleek new sedans in different trims and, later, a fourth option,...
  • The big reveal had been teased for months by company officials and organized as a celebration of the 58-year-old model
  • The event, organized for Ford employees and Mustang mavens, featured pulsating music, slickly produced videos on wide screens and a light projection of the brand's horse logo

US to dispatch US$756m humanitarian aid to Syria

Continuing with what it called "unwavering support for the Syrian people, US State Department said that will send $756 million...
  • Blinken stressed the importance of an international agreement allowing the delivery of humanitarian aid across the border, calling it a "lifeline" for millions of Syrians
  • In total, Washington says it has supplied about $15.7 billion in humanitarian aid for Syria since the war began 11 years ago

TikTok search results rife with misinformation: report

Toxicity and false claims are a "significant threat" at TikTok, which is becoming a go-to online venue for young people...
  • NewsGuard in September analyzed the top 20 results from 27 TikTok searches on news topics, finding that 19.5 percent of the videos suggested contained false claims
  • Researchers said that they compared TikTok and Google results from searches for information about school shootings, abortion, Covid-19, US elections and Ukraine war

Huge fine against Google upheld

The General Court, however, reduced the fine to $4.1bn.
  • The court "confirms European Commission's decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices" in order to benefit its search engine.
  • The levy remains the EU's biggest ever despite Google's arguments that the commission's case was unfounded and falsely relied on accusations.

Lufthansa back in private hands

The German government sold its last shares in the company.
  • To save Lufthansa from bankruptcy during Covid, Germany took a 20-percent stake in the group under a nine-billion-euro (dollar) state aid package.
  • Germany agreed to sell the stake by 2023, but with Lufthansa's finances stabilizing, Berlin was able to start selling its holdings by November last year.

Covid pandemic end in sight, seize this opportunity: WHO

Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to...
  • WHO is urging countries to invest in vaccinating 100 percent of the most at-risk groups, and to keep up testing and sequencing for the virus.
  • A WHO study based on excess mortality seen in various countries during the pandemic estimated that up to 17 million people may have died in 2020 and 2021.

Air India Express plane evacuated after engine fire in Oman

Footage aired by Omani TV showed smoke billowing from the plane, which had been taxiing for departure for Kochi in...
  • The airline said there was no fire warning in the cockpit and the smoke was spotted by another aircraft.
  • Arun Kumar, head of the Indian Directorate General of Civil Aviation, told AFP that "appropriate action" would be taken over the incident.

Lebanese woman robs bank to ‘pay for ill sister’s’ treatment

It was just the latest in a string of heists as Lebanese depositors, whose savings have been trapped in banks...
  • Sali Hafiz streamed a live video of her raid, in which she could be heard yelling at employees to release a sum of money while entrances to the bank were sealed.
  • She instantly turned into a folk hero on social media in Lebanon, where many are desperate to access their savings and furious at a banking sector perceived as a corrupt cartel.

Western nations call for immediate end to Gaza war as Israel expands offensive

"The suffering of civilians in Gaza has reached new depths," the signatories, including Britain, France, Australia, Canada and 21 other...

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Gaza situation ‘beyond catastrophic’, says UN agency chief

The British-born official, who spent a week in the besieged Palestinian territory last month, said even when aid got through...

World powers condemn deadly Gaza air strike on aid workers

World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli...

Newborn mortality and malnutrition surges in Gaza, says WHO

"From different doctors, particularly in the maternity hospitals, they're reporting that they're seeing a big rise in children born with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Sisi sworn in as Egypt’s President for third successive term

In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with...
  • In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with 89.6 percent of the vote against three relative unknowns
  • For the past two years, his administration has struggled to contain the fallout of a punishing economic crisis that has seen the currency lose two-thirds of its value

Israeli PM vows to ban Al Jazeera broadcasts

Netanyahu was quick to single out Qatar-based channel Al Jazeera, with which his government has a long-running feud that predates...
  • The law, passed on Monday by 70 votes to 10, grants top ministers the power to ban broadcasts by foreign channels deemed a national security threat and to shut their offices
  • The Committee to Protect Journalists said the law contributes to a climate of self-censorship and hostility toward the press, a trend that has escalated since Israel-Gaza war began

Iran calls for ‘international community response’ after Israel’s Syria attack

In a statement, Iran's foreign ministry spokesman Nasser Kanani "strongly condemned" the attack and said that Iran "reserves the right...
  • Iranian Foreign Minister Amir-Abdollahian described the Israeli attack on an Iranian consulate as a violation of all international obligations and conventions
  • In a night-time rally held in Palestine Square in central Tehran on Monday, hundreds of demonstrators, waving flags of Iran and Palestine, called for "revenge" and chanted slogans