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

NASA’s Moon mission pushed back, again

The date would depend on engineering teams successfully carrying out a test to fuel up the Space Launch System rocket,...
  • The Artemis 1 space mission hopes to test the SLS as well as the unmanned Orion capsule that sits atop it, in preparation for future Moon-bound journeys with humans aboard
  • Once launched, it will take several days for the spacecraft to reach the Moon, flying around 60 miles (100 kilometers) at its closest approach

US inflation likely eased in August, but not enough

Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President...
  • Prices have been soaring for months, exacerbated by the Russian invasion of Ukraine, which has impacted energy and food prices
  • Inflation also has become a hot political issue just weeks away from key midterm congressional elections, and Biden has made fighting high prices his top domestic priority

Bring IS relatives home from Syria: US CENTCOM to nations

Al-Hol camp holds around 56,000 people -- mostly Syrians and Iraqis, but also around 10,000 who consist largely of wives...
  • Syria's Kurds who run a semi-autonomous adminstration in northeast Syria have repeatedly begged countries to repatriate their citizens.
  • But such calls, despite being echoed by the United Nations, have largely fallen on deaf ears, due to fears returnees might pose a security threat back home

President of Egypt to arrive in Qatar in boost to relations

Signaling an improvement in their relations, Egypt’s President Abdel Fattah al-Sisi will arrive in Qatar for the first time since...
  • In late March, Cairo said Qatar planned to invest five billion dollars in Egypt
  • Cairo had joined Saudi Arabia and its Gulf allies, the UAE and Bahrain, in cutting ties with Doha in June 2017 over its support for the Muslim Brotherhood

UAE rejects Denmark’s extradition request for fraud accused Briton

Dubai, UAE - A Dubai court on Monday rejected Denmark's extradition request for a Briton accused of robbing the Danish...
  • "I can confirm that the request was denied on the grounds of insufficient information from Denmark," Kare Pihlmann, lawyer of the accused said.
  • Danish Justice Minister Mattias Tesfaye has said that Copenhagen intends to appeal the decision by a court in Dubai, if the legal basis is sufficient.

Stock markets rally, as euro briefly surges

Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed...
  • The euro surged a day after German central bank chief signaled the European Central Bank would probably continue raising its key rate.
  • The European single currency rocketed more than 1.4 percent against the dollar and 1.6 percent versus the yen before trimming gains around midday.

Iran says ‘ready to cooperate’ with UN nuclear watchdog

The International Atomic Energy Agency had said in a report it "cannot assure" the peaceful nature of Tehran's nuclear program....
  • Tehran declares its "readiness to continue constructive cooperation with the IAEA", foreign ministry spokesman Nasser Kanani said, while pointing to the agency's "obligations".
  • The IAEA has been pressing Iran for answers on the previous presence of traces of nuclear material at three undeclared sites.

Norway skeptical about EU proposal on gas price cap

Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who...
  • European energy ministers who met in Brussels said they were in favor of measures for combating soaring gas and electricity prices.
  • European Commission has proposed a price ceiling on gas imported from Russia, several members called for a price ceiling on all gas bought by EU states.

Germany regrets Iran failure to agree to nuclear deal

German Chancellor Olaf Scholz said Iran has failed to agree to proposals from European countries on reviving a deal on...
  • Israel has long opposed a revival of the 2015 accord, which has been moribund since then US president Donald Trump unilaterally withdrew in 2018.
  • The 2015 agreement, known formally as the Joint Comprehensive Plan of Action, gave Iran sanctions relief in return for restricting its nuclear program.

UN urges EU against fossil fuels in energy crisis

The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...
  • Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.
  • Before the war, 40 percent of the EU's gas imports came from Russia.

Malnutrition reaches new heights in Gaza, children most affected, require urgent treatment

As malnutrition surges in war-torn Gaza, tens of thousands of children and women require urgent treatment, according to the UN,...

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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...

Blinken in Paris for talks on Ukraine and Gaza

After Paris, Blinken will head to Brussels for NATO foreign ministers' talks ahead of the alliance's 75th anniversary summit in...

Israel, US hold virtual meeting on Rafah offensive plans

The White House said in a statement that the two sides had a "constructive engagement on Rafah" during two hours...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli troops leave behind trail of destruction at Gaza hospital

Palestinian Territories - Israeli forces on Monday pulled out of Gaza's largest hospital complex after an intensive two-week military operation,...
  • The health ministry in Hamas-ruled Gaza said that "the scale of the destruction inside the complex and the buildings around it is very large".
  • Israel said it had battled Palestinian fighters hiding inside Gaza City's Al-Shifa Hospital, killed at least 200 enemy fighters

Sister of Hamas leader Ismail Haniyeh arrested by Israeli police

Jerusalem, Undefined - Israeli police said Monday they had arrested the sister of Hamas leader Ismail Haniyeh "as part of a...
  • Police told AFP that Sabah Abdel Salam Haniyeh, who is an Israeli citizen, was taken into custody in the town of Tel Sheva
  • A police spokesman, who confirmed it was Haniyeh's sister, said she is suspected of having contact with Hamas operatives

Gaza’s health ministry says 32,845 killed by Israel since battle began

Palestinian Territories - The health ministry in Gaza said Monday that at least 32,845 people have been killed in the...
  • The toll includes at least 63 deaths over the past 24 hours, a ministry statement said, adding that 75,392 people have been wounded in the Gaza Strip since war began
  • Monday's toll update was released hours after the Israeli military withdrew from Gaza's biggest hospital, Al-Shifa, after a two-week operation that saw heavy fighting