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

European Union plans to cut soaring gas, electricity prices

In the EU's electricity market, the price is based on the last source used to meet demand -- often a...
  • Wholesale energy prices thus soared together when the war in Ukraine sent the cost of gas skyrocketing.
  • Commission chief Ursula von der Leyen said the levy, or cap, would raise at least $140 billion. The commission wants to reduce monthly consumption by 10 percent.

Iran wants closer ties with UAE: foreign minister

Iran is keen to broaden its relations with the UAE, six years after the diplomatic tussle between Iran and other...
  • In 2020, the UAE established diplomatic relations with Israel, a move which Tehran condemned
  • Abu Dhabi has been pursuing a policy of rapprochement with former regional rivals including Qatar, Turkey and Iran

Israel confirms talks on temporary Qatar office for World Cup

Israel has not qualified for the tournament which begins in November, but has announced a deal that will allow its...
  • Qatar does not recognise Israel and supports Hamas, the Palestinian Islamist group that controls Gaza and has fought four wars with Israel since 2008
  • Israel, which maintains a blockade on Gaza, engages with Doha to grant permissions for the distribution of Qatari aid in the Palestinian coastal enclave

Lying in state is an old UK tradition

It is an honor usually accorded to sovereigns and sometimes former prime ministers. Since 1910, when King Edward VII lay...
  • On top will be the Imperial State Crown with the orb and sceptre representing spiritual and temporal power
  • Queen Elizabeth, the Queen Mother, who died on 30 March, 2002, lay in state in Westminster Hall before her funeral

EU court to rule on record antitrust fine against Google

The decision by the Luxembourg-based General Court could undo or demand modifications to the landmark decision, taken by the European...
  • Google urged a panel of EU judges last year to throw out the decision it argued was unfounded and falsely relied on accusations it imposed its search engine
  • Google insisted that downloading rival apps was only a click away and that customers were in no way tied to Google products on Android

Europe’s battle with Big Tech: billions in fines and tough laws

In the past few years, the EU has slapped eye-watering fines on Apple and Google in tax and competition cases,...
  • Brussels has slapped over eight billion euros in fines on Google alone for abusing its dominant market position
  • The EU has also gone after Apple, accusing it of blocking rivals from its contactless iPhone payment system and fined Microsoft 561 million euros

Twitter ex-security chief in Congress as shareholders back Musk buyout

Nearly 99 percent of the votes cast by stock owners endorsed the agreement with Musk to sell him the tech...
  • The shareholder decision clears the way for the contract to close, even as billionaire Musk tries to exit it
  • Musk has listed bot accounts as among the reasons to justify his walking away from the deal

Russia portrays Samarkand summit as alternative to West

Showcasing its growing rift with the Western world, Vladimir Putin will meet China's Xi Jinping and other Asian leaders in...
  • The meeting will be part of Xi's first trip abroad since the early days of the coronavirus pandemic and comes with relations between Russia and the West broken by Ukraine war
  • Putin will hold talks with Xi, Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sharif on Thursday

Iran says has ‘fully’ cooperated with UN nuclear watchdog

The comment came after Rafael Grossi, director general of the International Atomic Energy Agency, on Monday expressed hopes that Iran...
  • The IAEA had said in a report last Wednesday that it was "not in a position to provide assurance that Iran's nuclear programme is exclusively peaceful."
  • Iran dismissed the report as "baseless", but on Monday said it was ready to cooperate with the agency to clear up the false and unrealistic perceptions

Six migrants including two babies die at sea after Greek pushback: Turkey

Another 73 migrants were also rescued off Mugla province in the southwest, the coastguard said. The migrants were pushed back...
  • The migrants are believed to have set out from Tripoli in Lebanon on Saturday in a wooden boat to reach Italy
  • Ankara regularly accuses Greek officials of illegally pushing migrants back into its territory, but Athens denies the claims

UNRWA says some Gaza staff starving as malnutrition soars

UNRWA said that shortages in the Palestinian territory had caused food prices to increase by 40 times, while the aid...

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Spanish president wants parliament to recognize Palestine state by July

"We have to think seriously about doing it this semester," Sanchez told a group of Spanish journalists accompanying him on...

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...

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

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Google to delete incognito search data

The suit filed in June of 2020 sought US$5bn in damages.
  • The lawsuit, filed in a California court in June 2020, claimed Google's practices had infringed on users' privacy by intentionally deceiving them with the incognito option
  • The settlement calls for no cash damages to be paid but leaves an option for Chrome users who feel they were wronged to sue Google separately to get money

Israeli attack kills several aid workers in Gaza

According to the health ministry in Gaza, the bodies of four foreign aid workers and their Palestinian driver were brought...
  • World Central Kitchen, a US based organization, called the incident a "tragedy"
  • Australian prime minister confirmed one of his country's citizens was among those killed

Hizbollah vows revenge for Israeli missile strike in Syria

Beirut, Lebanon--Lebanon's Iran-backed Hizbollah group warned Tuesday that Israel will pay for killing high-level Iranian Revolutionary Guards (IRGC) in a strike...
  • The Lebanese resistance group has exchanged near-daily cross-border fire with Israel in support of its ally Hamas since the Gaza war erupted in October.
  • The Syrian Observatory for Human Rights said 11 people were killed in the strikes, including eight Iranians, two Syrians and one Lebanese, all of them fighters.