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

Turkey parliament passes contentious mining legislation

Turkey's parliament on Saturday passed a controversial bill that opens certain agricultural lands including olive groves to mining activities, local...

Energy majors exaggerating green performance: analysis

Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms...
  • Public communications of five energy majors were found to contrast with their planned capital expenditure for 2022
  • The analysis found that Shell had the largest disparity between its green talk and actual low-carbon investment

US condemns Iran’s cyberattack on Albania, its ally

US has threatened to launch ‘further action’ against Iran for what it called an ‘unprecedented’ cyberattack against its ally Albania....
  • The incident comes as the United States and European powers struggle to salvage an agreement that would impose strict controls on Iran's controversial nuclear sector
  • Albania's Prime Minister Edi Rama accused Iran of directing a cyberattack against Albanian institutions on July 15 in a bid to "paralyze public services and hack data"

10 killed in Aleppo building collapse: Syria state media

The five-story building collapsed in the Ferdaws neighbourhood of Aleppo. Civil defence and local authorities evacuated residents from nearby buildings...
  • The Syrian Observatory for Human Rights war monitor said the collapsed building was located in a neighbourhood "previously bombed with barrel bombs and missiles."
  • The conflict in Syria that broke out in 2011 has killed nearly half a million people and forced around half of the country's pre-war population from their homes

Countries growing 70% of world’s food face ‘extreme’ heat risk by 2045

Climate change is already stoking heatwaves and other extreme weather events across the world, with hot spells from India to...
  • Heat stress already poses an "extreme risk" to agriculture in 20 countries, including agricultural giant India
  • Rice is particularly at risk with other crops like cocoa and even tomatoes also singled out as of concern

After Italy, US now returns antiquities to Egypt

A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million...
  • Nine of the pieces had been in the possession of Michael Steinhardt, described as one of the world's largest collectors of ancient art
  • In 2021, Steinhardt was forced by US authorities to return 180 stolen ancient artworks worth a total of $70 million

Tunisia’s opposition alliance to boycott December elections

Tunisia's main opposition alliance said Wednesday its members including the once-powerful Ennahdha party would boycott December polls to replace a...
  • The vote is set for nearly a year and a half after President Kais Saied suspended the Ennahdha-dominated assembly and sacked the government.
  • Saied was welcomed by many Tunisians tired of what they saw as a fractious and corrupt system established after the 2011 revolution.

Qatar reopens mothballed Doha airport to ease World Cup traffic

The Doha airport has been in semi-retirement since it was replaced in 2014 by the nearby Hamad International Airport, which...
  • Hamad International Airport was used by three million passengers in June alone and 8.42 million in the second quarter of 2022, 18 percent higher than Q1 traffic.
  • But with 150,000 people a day expected to arrive during the peak days of the World Cup, some aviation analysts have said Hamad airport might struggle to cope.

EU seeks closer ties with gas-rich Qatar, opens office in Doha

The European Union opened an office in Qatar on Wednesday in a sign of the Gulf state's growing influence in solving...
  • Qatar is one of the world's top suppliers of liquefied natural gas and growing requests have been made by Germany and other European nations.
  • The EU wants closer ties on "the energy sector, economic development, security challenges", EU council president Charles Michel said.

Erdogan says West staging ‘provocations’ against Russia

Erdogan has maintained good working relations with Russian President Vladimir Putin while trying to stay neutral in the conflict and...
  • Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.
  • Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi.

Saudi NDF to finance $89m program to boost games, esports

Riyadh, Saudi Arabia---Saudi Arabia's National Development Fund has announced a program to fund the games and electronic sports sector with...
  • The program will be launched by the end of this year in cooperation with Saudi Federation for Electronic Sports and the Ignite.
  • It aims to provide products and financing solutions through the development funds and banks affiliated with the Fund in partnership with private sector financial institutions.

Syrian govt says fighting in Sweida halted after tribal forces pull out

Druze fighters had pushed out rival armed factions from the city on Saturday, a monitor said, after the government ordered...

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Romania center explores world’s most powerful laser

The high-tech building housing the center cost $350 million, mainly financed by the EU. Thales bills it as the largest...

UN says four staff wounded in south Lebanon blast

The military observers, from Australia, Chile and Norway, and a Lebanese language assistant had been on foot patrol around the...

Gaza ceasefire talks to resume in Cairo: Egyptian media

Reports of the new talks in Cairo came as protesters in Israel's biggest city blocked a major road Saturday following...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Sticky-fingered journalists on Air Force One put on notice

Media outlets pay for the journalists to fly on the government plane with US president, along with the meals and...
  • For years, journalists have quietly stuffed everything from engraved whiskey tumblers to wine glasses from the Air Force One insignia on it into their bag before leaving the plane
  • Last month, the White House Correspondents' Association sent an email to its members, issuing a stern notice that missing items from the press cabin had not gone unnoticed

WHO says 9,000 patients need emergency evacuation from Gaza

"Around 9,000 patients urgently need to be evacuated abroad for lifesaving health services, including treatment for cancer, injuries from bombardments,...
  • The WHO chief Ghebreyesus said that "Around 9,000 patients urgently need to be evacuated abroad for lifesaving health services".
  • "With only 10 hospitals minimally functional across the whole of #Gaza, thousands of patients continue to be deprived of health care," WHO chief said.

Five killed in Gaza aid delivery chaos, say medics

Gaza City, Palestinian Territories - The Palestine Red Crescent said five people were killed and dozens wounded by gunfire and a...
  • AFP video footage shows a convoy of trucks moving past burning debris near the distribution point in pre-dawn darkness as people shout and gunfire echoes.
  • The Red Crescent said it happened after thousands of people gathered for the arrival of around 15 trucks of flour and other food.