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

TikTok stars boycott Amazon in activism push

It's the latest example of creators lending their online stage to a cause on the massively growing platform more known...
  • The group is pushing for the firm's workers to get a minimum hourly wage of $30, improved medical leave and easing of productivity requirements
  • It is also calling on Amazon, which has long resisted unionization efforts in its US facilities, to stop its opposition

In blazing heat water taps run dry in southern Iraq

More than 3,300 families across 10 provinces in Iraq's center and south were displaced due to "climate factors" as of...
  • Authorities blame drought for the current water shortages, but also dams built upstream on some rivers and tributaries in neighboring Turkey and Iran
  • A report published this month by the International Organization for Migration in Iraq said that "climate migration is already a reality" in the country

An overview of NASA’s Artemis 1 mission to the Moon

The giant Space Launch System rocket will make its maiden flight from Launch Complex 39B at Kennedy Space Center in...
  • The meticulously choreographed uncrewed flight should yield spectacular images as well as valuable scientific data
  • Several on-board cameras will make it possible to follow the entire journey from multiple angles, including from the point of view of a passenger in the capsule

Israel unveils 1,200 year-old desert mansion

Described as a "luxurious rural estate" by the Israel Antiquities Authority, the home boasted a marble-paved hallway and walls decorated...
  • Described as a "luxurious rural estate" by the Israel Antiquities Authority, the home boasted a marble-paved hallway and walls decorated with frescoes
  • The first building of its kind to be found in the southern Negev desert, according to the IAA, it contained vaulted rooms around a central courtyard

Iran begins military drone drills to show ‘power’

Iranian army displayed its first division of ships and submarines capable of carrying armed drones in July when US President...
  • The drills, according to Iran, will take place from the Gulf and the Sea of Oman in the south, to the eastern, western, northern and central parts of the country
  • The US and Israel have previously accused Tehran of using drones and missiles to attack US forces and Israel-linked ships in the Gulf

Saudis beat the heat in City of Fog

The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to...
  • At Al-Namas, humid monsoon weather keeps temperatures below 30 degrees Celsius, dropping as low as 15 degrees Celsius at night
  • Ministry of tourism figures show that Saudi families spent $21.33 billion on domestic travel last year, a 30 percent increase from 2019

China warns of ‘severe’ threat to harvest from worst heatwave on record

The world's second-largest economy has been hit by record temperatures, flash floods and droughts this summer -- phenomena that scientists...
  • More than 1,500 people in the area surrounding Chongqing were evacuated on Monday after hot and dry conditions sparked multiple wildfires
  • The national meteorological service renewed its warnings for drought and high temperatures on Tuesday

US says Iran eased demands for nuclear deal

The United States is expected shortly to respond to Iran through European Union mediators, after a year and a half...
  • Biden has supported returning to the accord trashed by former president Donald Trump and Iran has pressed hard in negotiations in Vienna
  • The senior US official said Iran would again face "the most comprehensive inspections regime ever negotiated

Algeria detains ex-premier in crackdown on corruption

Noureddine Bedoui, the former prime minister of Algeria, has been detained on court orders, two days after another court had...
  • Bedoui, who served as interior minister, was seen as an unwavering Bouteflika loyalist and was despised by the Hirak protest movement that toppled them both
  • After Bouteflika's fall, prosecutors launched graft investigations against people in his close circle, which led to several other top figures receiving hefty prison sentences

Two new solar projects to double Qatar’s renewable energy output

Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source...
  • The plants at Mesaieed and Ras Laffan will take Qatar's solar output to 1.67 gigawatts by the end of 2024, Qatar Energy said in a statement.
  • South Korean conglomerate Samsung will lead construction of the new solar plants, with an initial investment of more than $600 million.

Erdogan accuses Israel of using Druze as pretext to expand into Syria 

Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...

Company News

Latest News

Syria strikes kill 17 including Iran Guard, WHO worker

According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and...

BYD posts record 2023 profit

The Shenzhen-based firm is now moving quickly overseas.

Qatar says negotiations ‘ongoing’ for Gaza truce

Doha, Qatar - Mediator Qatar said on Tuesday that talks between Hamas and Israel on a Gaza truce and hostage release...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Spain grabs 3% Telefonica stake after concerns over Saudi deal

Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...
  • Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was "in line with a cabinet decision in December".
  • At the time, the government of Socialist Prime Minister Pedro Sanchez said it was to safeguard the firm's "strategic capacities and essential importance" to Spain

Major US bridge collapses as cargo ship plows into pylon

Baltimore, United States -- A major bridge collapsed in Baltimore on Tuesday, blocking one of the busiest US commercial harbors, after...
  • Six people -- all members of a nighttime construction crew repairing potholes on the Francis Scott Key Bridge -- were missing, officials said.
  • The Port of Baltimore is the ninth-busiest major US port in terms of both foreign cargo handled and foreign cargo value is directly responsible for more than 15,000 jobs.

Thousands trapped in Gaza hospital surrounded by Israeli tanks

Gaza's health ministry said Israeli troops were shooting and firing "shells and (conducting) violent raids in its surroundings in preparation...
  • Witnesses told AFP that shots were being fired at the sprawling complex in the southern city of Khan Yunis, but no raid was as yet taking place
  • "Thousands of displaced people are still inside the hospital,.They do not have sufficient quantities of drinking water, food and infant formula," the ministry said.