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

Summit on Palestinian statehood planned for Sept in Paris or New York

The conference, co-chaired by France and Saudi Arabia, was originally planned for mid-June to revive work on the long-standing diplomatic...

Apple warns of flaw that lets hackers into iPhones, Macs

Patches were released Thursday and Wednesday by the tech titan to fix what it described as a vulnerability hackers already...
  • Apple did not disclose whether it had information regarding the extent to which the issue has been exploited
  • The technical description indicated that a hacker could use the flaw to take control of devices, accessing any of its data or capabilities

Facebook bans major US anti-vaccine group

Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban...
  • The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights
  • CHD said its social media accounts were followed by hundreds of thousands of people, and claimed the action by Meta came as a surprise

Qatar buses feel the World Cup heat in tournament test

Getting the football hordes around the city and between the eight stadiums promises to be one of the biggest challenges....
  • With more than one million people expected to descend on the tiny Gulf state for the tournament, the government is taking no chances with their multi-billion dollar preparations
  • Amid sweltering summer heat, hundreds of air conditioned but mainly empty buses went out to stadiums, metro stations and pickup points

Russian gas supply cut: Germany to fall short of gas reserve target

Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.
  • Warning of looming shortages, Economy Minister Habeck outlined a series of targets last month for gas stocks to reach 95% by November 1.
  • "I am not counting on our achieving our next reserve goals as quickly as the first," said Klaus Mueller, president of the Federal Network Agency.

Erdogan supports Ukraine, warns of ‘another Chernobyl’

The Turkish leader met his Ukrainian counterpart Volodymyr Zelensky in Lviv just two weeks after flying to Sochi for talks...
  • Erdogan said that NATO member Turkey remained firmly on Ukraine's side in the conflict.
  • His talks with Zelensky and visiting UN chief Antonio Guterres came with global alarm rising about fighting that has raged around Ukraine's Zaporizhzhia nuclear power plant.

Qatar World Cup tickets sale to reach 2.5 million soon : FIFA

There are 3,010,679 tickets available altogether, with FIFA saying a "last-minute" sales period will open in the run-up to the...
  • World football's governing body FIFA said that 520,532 were sold in the period between July 5 and August 16.
  • In June, organizers said there had been "record-breaking" demand for tickets at a time when 1.2 million had been sold.

Iraq protest camps dig in for long haul

Supporters of cleric and political kingmaker Moqtada Sadr are pitted against Shiite opponents from a pro-Iran faction called the Coordination...
  • Sadr supporters came in late July when they stormed parliament and then set up camp on the lawns outside.
  • The pro-Iranian group followed suit by organising their own sit-in, on an avenue leading to the Green Zone, the district housing government institutions and foreign embassies.

Israel troops raid Palestinian rights group offices

The military said soldiers and police officers "closed seven institutions and confiscated property" in the overnight raids.
  • The military said soldiers and police officers "closed seven institutions and confiscated property" in the overnight raids
  • West Bank cities are nominally under the full control of the Palestinian Authority but the Israeli security forces carry out frequent incursions

China to send troops to Russia for joint military drills

Beijing and Moscow have close defence links and China has said it wants to push bilateral relations "to a higher...
  • Beijing insisted its participation in the joint exercises was "unrelated to the current international and regional situation."
  • China and India have been accused of providing diplomatic cover for Russia throughout its months-long war in Ukraine

Global equities tumble as British inflation hits new 40-year high

Investors remain on edge as central banks hike interest rates to fight runaway inflation, but the monetary policy tightening could...
  • US retail sales flatlined at $682.8 billion in July as gasoline prices retreated from record levels while American consumers boosted spending
  • The Bank of England warned earlier this month that UK inflation would climb to just above 13 percent this year, which would be the highest level since 1980

Coca-Cola agrees to use real cane sugar in its US production

Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...

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UN expert accuses Israel of several acts of ‘genocide’ in Gaza

"The overwhelming nature and scale of Israel's assault on Gaza and the destructive conditions of life it has inflicted reveal...

UN adopts resolution on immediate Gaza truce as US abstains

All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls...

Mubadala acquires KELIX bio

KELIX bio is a specialty pharmaceutical business.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Nissan to shrink EV production costs

The automaker will slash production costs by 30 percent.
  • By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the firm said as it announced a new mid-term strategy
  • Japanese auto giant Nissan said Monday it aims to launch 30 new models over the next three years, 16 of which would be "electrified"

Singapore makes Israel embassy delete ‘insensitive’ Palestinian post

Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the...
  • Singapore's Minister for Home Affairs K. Shanmugam said he asked Singapore's foreign ministry to tell the Israeli embassy to remove the post
  • The minister said the post was insensitive and inappropriate. and carried the risk of undermining our safety, security and harmony in Singapore

Macron warns Israel over any Rafah forced population transfer

In a telephone call between the two leaders, Macron also "strongly condemned" Israel's announcement Friday of the seizure of 800...
  • Macron told Netanyahu France would bring a draft resolution to the UNSC calling for a "lasting ceasefire"
  • Emmanuel Macron had talks with Jordan's King Abdullah II, discussing the "humanitarian situation in Gaza"