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

Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion

San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...

Microsoft to set up biggest cloud data center in Qatar

Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion...
  • Many believe the Qatar operation would make the country more self-sufficient in information technology and speed up processing
  • Qatar, which will host this year's football World Cup, has been reaping record profits from its natural gas and oil in recent years, but has also been investing massively in divers

West Bank doctors struggle to treat people as violence escalates

The spike in violence is tied to raids launched across the West Bank in recent months by Israeli forces, many...
  • On a single day in August, medics from the Palestinian Red Crescent Society (PRCS) treated 69 patients with gunshot wounds in Nablus after an army raid.
  • Rik Peeperkorn, WHO's representative in the Palestinian territories, said sudden emergencies put "immense strain on the already fragile health system".

Sudanese journalists form union to safeguard press freedom

The journalists' syndicate held elections on Saturday, the first since ousted president Omar al-Bashir dissolved independent unions after rising to...
  • Saturday's ballot named as head of the syndicate Abdelmoneim Abu Idris Ali, a correspondent for Agence France-Presse in Khartoum said.
  • Reporters Without Borders, which ranked Sudan 151 out of 180 countries in its 2022 World Press Freedom Index, welcomed the "positive step".

Eurozone inflation hits new record 9.1 percent on soaring energy prices

Driven by soaring energy prices caused by Russia's invasion in Ukraine, the yearly inflation rate in the 19-country single currency...
  • The president of Germany's powerful federal central bank, Joachim Nagel, immediately declared that the ECB should plan for a "strong rise in interest rates for September".
  • France, which has moved to cap energy prices saw the lowest rate within the eurozone, with 6.5 percent in August, according to Eurostat.

Amnesty says Iran, Turkey ‘forcibly’ pushing out Afghan migrants

The NGO cited numerous cases of "unlawful killings, pushbacks by shooting and other unlawful returns, arbitrary detention, and torture and...
  • Amnesty documented killings of 11 Afghans by Iranian security forces and three Afghans by Turkish forces over the past year
  • The human rights group called on the international community to provide aid to countries supporting Afghan refugees

Toyota to spend $5.3 bn expanding Japan, US battery output

Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that...
  • Toyota is the world's top-selling carmaker, and has championed hybrid motors and pioneered hydrogen as a fuel of the future
  • The company said it aims to begin producing cells for battery-powered vehicles in the two countries between 2024 and 2026

Gazprom halts pipeline gas flow in new jitters for Europe

Gazprom said supplies via Nord Stream 1 were "completely stopped" for "preventative work" at a compressor unit, shortly after the...
  • Germany, which is heavily dependent on Russian gas, has accused Moscow of using energy as a "weapon."
  • But Gazprom has said the 3-day maintenance work was "necessary" and had to be carried out after "every 1,000 hours of operation."

New launch attempt Saturday for NASA’s Moon rocket

The highly anticipated uncrewed mission dubbed Artemis 1 will bring the United States a step closer to returning astronauts to...
  • he goal of Artemis 1, named after the twin sister of Apollo, is to test the 322-foot (98-meter) Space Launch System rocket and Orion crew capsule that sits on top
  • Mannequins equipped with sensors are standing in for astronauts on the mission and will record acceleration, vibration and radiation levels

Pentagon says Iran seized, and later released, US navy vessel

The US Central Command's 5th Fleet said a support ship from Iran's Islamic Revolutionary Guard Corps Navy, the Shahid Baziar,...
  • The 5th Fleet said the US naval drone, equipped with an array of sensors, radars and cameras, was in international waters collecting navigation and other unspecified data
  • It stressed the vessel was US government property but that the technology it carries is "available commercially" and "does not store sensitive or classified information"

Netflix in the soup for Mexican drug ‘queen’ show

Sandra Avila Beltran has filed a claim with Mexico's intellectual property agency alleging that the character Teresa Mendoza in "La...
  • Avila Beltran wants 40 percent of the royalties from Netflix and Spanish-language television network Telemundo, for hurting her reputation
  • The second season of the "La Reina del Sur" won an International Emmy Award for Best Non-English Language US Primetime Program in 2020

Hamas armed wing says Israel blocking ceasefire and hostage release talks

The armed wing of the Palestinian militant group Hamas on Friday accused Israel of blocking a deal in talks for...

Company News

Latest News

What has gone wrong for Saudi-backed Newcastle?

Despite qualifying for the Champions League for the first time in 20 years, Newcastle still had to tread a fine...

ICJ orders Israel to ensure humanitarian aid in Gaza

The International Court of Justice said in its order that Israel should "take all necessary and effective measures to ensure,...

Embracer sells Borderlands

The sale is expected to be completed by June-end .
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US stocks open mixed ahead post fresh economic data

New York, US- Wall Street stocks saw a mixed start to Thursday, as traders digested the latest economic data ahead of...
  • The broad-based S&P 500 Index was flat at 5,247.74, while the tech-heavy Nasdaq Composite Index retreated 0.2 percent to 16,363.03
  • The Commerce Department made a surprise upward revision to fourth quarter GDP growth, to an annual rate of 3.4 percent

Russia says ‘evidence’ links Ukraine to Moscow attack

MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
  • Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
  • The officials said that said another man "involved in financing the terrorists" had been identified and detained.

French parliament condemns 1961 Paris killings of Algerians

Paris, France - The French parliament's lower house on Thursday approved a resolution condemning as "bloody and murderous repression" the killing...
  • Dozens of peaceful demonstrators died during a crackdown by Paris police on a protest by Algerians in 1961
  • The bill, put forward by Greens lawmaker Sabrina Sebaihi and ruling Renaissance party MP Julie Delpech, was approved by 67 lawmakers